2015-05-15T07:51:20-05:00 2014-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2014-01-01 260215059 Housing Benefits HOUS 6036419441 122 Market Street Manchester NH 03101 Maureen Beauregard President 6036419441 2015-05-14 1 Barbara J McGuan CPA P00219457 2077752387 2015-05-14 2014 2016-03-07 17:11:31Z Maureen Beauregard 122 Market Street Manchester NH 03101 1506412 0 X N/A X 2009 NH Purchase and development of transitional and low-income housing. 7 7 8 7 0 0 1809849 858257 193101 516778 5 110 0 131267 2002955 1506412 0 0 0 0 0 206886 0 0 0 787257 986906 787257 1193792 1215698 312620 9473831 9822440 4334632 4370621 5139199 5451819 Purchase and development of transitional and low-income housing. 0 0 1193792 648045 Transitional and low-income housing. 1193792 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 8 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NH X Maureen Beauregard 6036419441 122 Market Street Manchester NH 03101 Anne Dubois Director 1.00 X 0 0 0 Timothy Soucy Vice Chair 1.00 X X 0 0 0 Judy Bergeron Secretary/Treasurer 1.00 2.00 X X 0 0 0 Rebecca Richards Director 1.00 X 0 0 0 Maureen Tessier Director 1.00 X 0 0 0 Sheila Grace Director 1.00 X 0 0 0 Karyn O'Neil Chair 1.00 2.00 X X 0 0 0 Maureen Beauregard President 2.00 38.00 X 0 122959 28092 0 122959 28092 0 0 1 0 Hutter Construction PO Box 257 New Ipswich NH 03071 Construction 341345 1 351523 506734 216200 858257 Tenant Rent 531110 490308 490308 Laundry/Vending/Misc 531110 26470 26470 516778 110 110 Cancellation of Debt 531110 131267 131267 131267 1506412 648045 0 110 153510 153510 42822 42822 10554 10554 243976 243976 8801 8801 23200 23200 3864 3864 11616 11616 115679 115679 44029 44029 260558 260558 28943 28943 Repairs & Maintenance 141865 141865 Taxes 91364 91364 Bad Debts 10871 10871 Application & Permits 1440 1440 700 700 1193792 1193792 0 0 X 66371 44897 352077 406646 2859 4058 7097 6176 19500 11017 9865466 756473 7673457 9108993 25051 25051 1327419 215602 9473831 9822440 176795 223037 797 858 4081599 3943320 75441 203406 4334632 4370621 X 5139199 5451819 5139199 5451819 9473831 9822440 312620 0 X 0 1 X 1 0 X 419932 2615252 473167 1809849 858257 6176457 419932 2615252 473167 1809849 858257 6176457 6176457 384 3 5 110 502 131267 131267 6308226 958334 0.97910 0.99990 X Schedule A, Part II, Line 10, Explanation of Other Income: Cancellation of Debt - 2014 Amount: $ 131,267. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1253189 1253189 8374800 705891 7668909 125850 40579 85271 111627 10003 101624 9108993 Tenant Security Deposits 13243 Due to Affilates 190163 203406 X 1372939 1850 1850 1371089 135323 135323 1506412 1060319 1850 1850 1058469 135323 135323 1193792 Part X, Line 2: The standards for accounting for uncertainty in income taxes require the Organization to report any uncertain tax positions and to adjust its financial statements for the impact thereof. As of December 31, 2014 and 2013, the Organization determined that it had no tax positions that did not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. The Organization files an informational return in the United States. This return is generally subject to examination by the federal government for up to three years. Part XI, Line 4b - Other Adjustments: Related Entity Expenditures 135,323. Part XII, Line 4b - Other Adjustments: Related Entity Expenditures 135,323. 0 0 0 0 0 0 0 0 0 Maureen Beauregard President 0 122959 0 0 0 0 0 3940 0 24152 0 151051 0 0 Schedule J, Part II Maureen Beauregard, President, is paid by Families in Transition, Inc., a related organization, but provides services to Housing Benefits, Inc. and other organizations related to Families in Transition, Inc. X 1 216200 Property Assessment 0 0 0 Form 990, Part VI, Section A, line 6 The Members of the Corporation shall be those persons serving from time to time as its Board of Trustees. The Board of Trustees of the Corporation will report to the Board of Trustees of its parent corporation, Families in Transition. Form 990, Part VI, Section A, line 7a The Board of Trustees shall elect, from their own membership, a Nominating Committee for the nomination of Trustees and officers of the Corporation. Upon nomination the Trustees and Officers must be approved by majority vote of the Board of Trustees. Form 990, Part VI, Section A, line 7b A quorum must be present in order for the the Board of Trustees to vote to approve governing decisions. Form 990, Part VI, Section B, line 11 The Form 990 was prepared by the independent accounting firm. The 990 was reviewed in detail by the President and Chief Financial Officer prior to being presented to the Audit/Finance committee. An Audit/Finance meeting was held prior to the filing of the Form 990. At this time, the Form 990 was reviewed in detail and approved by the committee for submission to the Internal Revenue Service. Prior to filing the final form with the Internal Revenue Service, a copy was provided to all members of the Board of Directors. Form 990, Part VI, Section B, line 12c Board Members sign a conflict of interest statement upon joining the Board. The Board members must report to the Board any conflicts that occur during the course of business throughout the year. Any potential conflicts would be discussed at the Governance/Nominating Committee level and then reported to the Board. Form 990, Part VI, Section C, line 19 All organizing and operating documents are available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.253(a)-3(n) Election: Housing Benefits, Inc. 122 Market Street Manchester, NH 03101 EIN: 26-0215059 Housing Benefits, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part X, Balance Sheet The Organization has restated the Prior Year Balance Sheet with this Form 990. In 2013, Millyard I, LP was dissolved as a separate entity and became a Project of the Organization. Therefore, on the 2013 Financial Statements, the Net Assets of the dissolved entity were rolled into those of the Organization. This transaction was not included on the 2013 Balance Sheet of the Form 990 and is being properly accounted for by this Balance Sheet Restatement. Families In Transition Inc 122 Market Street Manchester NH 03101 020475414 Transition Housing NH 501(c)(3) Line 9 N/A 0 New Hampshire Coalition to End Homelessness 122 Market Street Manchester NH 03101 020526212 Awareness of homelessness issues in NH NH 501(c)(3) Line 7 Families in Transition Inc 0 Manchester Emergency Housing 11 Liberty Street Manchester NH 03104 020346334 Provide housing for those in need NH 501(c)(3) Line 7 Families in Transition Inc 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0