Nonprofit · EIN 92-2561529
HOUSING OPPORTUNITIES OF SALEM INC
Tax-exempt · SALEM, MA 01970
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $340,798 | $40,471 | $300,327 | $8,095,949 | $40,471 | $8,055,478 |
| December 31, 2023 | 990-EZ | $0 | $0 | $0 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $333,506
- Investment income
- $7,292
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $40,471
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $8,095,949
- Total liabilities, end of year
- $40,471
- Net assets, end of year
- $8,055,478
- Net assets without donor restrictions
- $8,055,478
- Gross receipts
- $340,798
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2023
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Romell Kidd | Treasurer/Director Trustee or director, Officer | 1 | $0 |
| Aaron Paternoster | Chair/Director Trustee or director, Officer | 1 | $0 |
| Emily Ullman | Vice Chair/Director Trustee or director, Officer | 1 | $0 |
| Veronica Miranda | Director Trustee or director | 1 | $0 |
| Doneeca Thurston-Chavez | Second Vice Chair/Director Trustee or director, Officer | 1 | $0 |
| Cathy Sheehan | President/Clerk Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cathy Hoog | President/Clerk | 1 | $0 |
| John Boris | Treasurer/Director | 1 | $0 |
| Charity Lezama | Chair/Director | 1 | $0 |
| Benjamin Shallop | Vice Chair/Director | 1 | $0 |
| Veronica Faustino | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 27 CHARTER STREET, SALEM, MA 01970-3656
- In care of
- % SALEM HOUSING AUTHORITY
- Principal officer (990 for 2024)
- Cathy Sheehan, 27 Charter Street, Salem, MA 01970
- Signed the 990
- Cathy Hoog, President
- Phone
- (617) 224-0621
Mission
To develop and sustain affordable and low-income housing and to provide related resident services within such housing facilities which are consistent with community needs and desires of the people in the Greater Salem area in Massachusetts.
Program accomplishments
- Develop, initiate and operate projects that are in support of Salem Housing Authority.Expenses $40,471 · revenue $340,798
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 92-2561529
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $8,095,949
- Income (IRS master file)
- $340,798
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $340,798 | $40,471 | $8,095,949 | XML |
| 990-EZ | December 2023 | $0 | $0 | $0 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-2561529).
Questions about HOUSING OPPORTUNITIES OF SALEM INC
- What is the EIN of HOUSING OPPORTUNITIES OF SALEM INC?
- The employer identification number (EIN) of HOUSING OPPORTUNITIES OF SALEM INC is 92-2561529.
- Is HOUSING OPPORTUNITIES OF SALEM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to HOUSING OPPORTUNITIES OF SALEM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does HOUSING OPPORTUNITIES OF SALEM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOUSING OPPORTUNITIES OF SALEM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING OPPORTUNITIES OF SALEM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HOUSING OPPORTUNITIES OF SALEM INC?
- The 990 for the year ended December 31, 2024 names Cathy Sheehan.
- Who are the officers and directors of HOUSING OPPORTUNITIES OF SALEM INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does HOUSING OPPORTUNITIES OF SALEM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $340,798, expenses of $40,471 and total assets of $8,095,949 at year end.
Other nonprofits in SALEM
- NORTH SHORE COMMUNITY DEVELOPMENT COALITION INC EIN 04-2686893 · last filed 990 for 2024
- JOHN BERTRAM HOUSE INC EIN 04-2103743 · last filed 990-PF for 2024
- CASA MARIPOSA INC EIN 85-0586143 · last filed 990 for 2025
- SEEDS OF HOPE HOUSING INC EIN 20-4539248 · last filed 990 for 2025
- NATIONAL ALLIANCE OF HUD TENANTS INC EIN 04-3278192 · last filed 990-N for 2025
- 34 PEABODY STREET INC EIN 81-2307899 · last filed 990-N for 2025
- SALEM POINT RENTAL PROSPERTIES CORP EIN 04-3143070 · last filed 990-N for 2025
- NORTH SHORE COMMUNITY HEALTH INC EIN 04-2610447 · last filed 990 for 2025
All nonprofits in SALEM · Massachusetts · Housing and shelter