Pennington Group in Burlington, Vermont (VT)
Table of contents:
| Pennington Group | |
| Employer Identification Number (EIN) | 030340655 |
| Name of Organization | Pennington Group |
| In Care of Name | William D Pence |
| Address | 109 South Winooski Ave, Burlington, VT 05401 |
| Activities | Low income housing |
| Subsection | Charitable Organization |
| Ruling Date | 06/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $209,266 |
| Amount of Income | $26,827 |
| Form 990 Revenue Amount | $26,827 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $26,827 (it was $26,829 in 2012)
| This organization: | $26,827 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2013: $209,266 (it was $223,992 in 2012)
| This organization: | $209,266 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2013: $53,490
| Pennington Group: | $53,490 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2013: 0.5
| Pennington Group: | 0.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 36.5%
| Pennington Group: | 36.5% |
| Other organizations performing similar types of work: | 47.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $26,829 | $26,827 |
| Contributions, gifts, grants, and similar amounts received | $11,019 | $9,789 |
| Program service revenue including government fees and contracts | $15,801 | $17,031 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $9 | $7 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $62,097 | $53,490 |
| Total net assets | $18,513 | $-8,150 |
| Excess/Deficit for the year | $-35,268 | $-26,663 |
| Net assets or fund balances at beginning of year | $53,781 | $18,513 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $18,513 | $-8,150 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $223,992 | $209,266 |
| Total liabilities | $205,479 | $217,416 |
| Net assets or fund balances | $18,513 | $-8,150 |
| Other Information | ||
| 2012 | 2013 | |
|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No |
| Were any significant changes made to the organizing or governing documents? | No | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No |
| Has the organization filed a Form 990-T for the year? | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No |
| Total amount involved | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $61,842 |
| Subtotal Support | $61,842 |
| Gifts, grants, contributions, and membership fees received | $61,842 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $61,884 |
| Public Support | $61,842 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $42 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $72,912 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Mutual Housing California | 8001 Fruitridge Rd Ste A, Sacramento, CA 95820-6760 | CA | 1993-08 | $21,355,481 |
| 2 | Springhouse Inc | 44 Allandale Street, Jamaica Plain, MA 02130-3449 | MA | 1994-10 | $10,519,606 |
| 3 | Turk Street Inc | 201 Eddy St, San Francisco, CA 94102-2715 | CA | 1998-11 | $9,948,150 |
| 4 | Settlement Housing Fund Inc | 247 W 37th St Fl 4, New York, NY 10018-5709 | NY | 1971-03 | $8,600,122 |
| 5 | R F D F Inc | 2 E Mifflin, Madison, WI 53703-2889 | WI | 1971-07 | $8,466,784 |
| 6 | Sequoia Manor Inc | 22645 Grand St, Hayward, CA 94541-5031 | CA | 1987-06 | $8,273,161 |
| 7 | Tarrant County Housing Partnership Inc, T C H P | 3204 Collinsworth St, Fort Worth, TX 76107-6528 | TX | 1992-04 | $6,751,072 |
| 8 | Westbeth Corp Housing Development Fund Company Inc | 463 West Street, New York, NY 10014-2010 | NY | 1968-06 | $6,593,866 |
| 9 | Saints Incorportated | 35115 E Michigan Ave, Wayne, MI 48184-1660 | MI | 1982-04 | $5,534,704 |
| 10 | The Equal Rights Center | 11 Dupont Cir Nw Ste 400, Washington, DC 20036-1226 | DC | 1985-01 | $4,911,159 |
| 11 | Housing Vermont | 123 Saint Paul St, Burlington, VT 05401-8411 | VT | 1989-10 | $4,130,950 |
| 12 | Capital City Housing Foundation Inc | 155 Main Street, Montpelier, VT 05602-2923 | VT | 1991-03 | $2,338,473 |
| 13 | Chittenden Housing Corporation | 83 Barlow Street, Winooski, VT 05404-2020 | VT | 1994-08 | $2,219,179 |
| 14 | Lake Champlain Housing Development Corporation | 220 Riverside Ave Ste 1, Burlington, VT 05401-1477 | VT | 1985-07 | $1,914,232 |
| 15 | Lamoille Housing Partnership Inc | PO BOX 637, Morrisville, VT 05661-0637 | VT | 1995-09 | $1,060,160 |
| 16 | Samaritan House Inc | 24 Kingman St, Saint Albans, VT 05478-2012 | VT | 1993-01 | $374,403 |
| 17 | Northgate Residents Owbership Corporation | 275 Northgate Rd, Burlington, VT 05408-1233 | VT | 1989-08 | $193,815 |
| 18 | White River Housing Development Corporation | 171 Bridge St, White Riv Jct, VT 05001-7034 | VT | 1993-07 | $151,782 |
| 19 | Community Fund For America | 775 Poor Farm Rd, Colchester, VT 05446-6384 | VT | 1997-04 | $33,012 |
| 20 | Pennington Group | 109 South Winooski Ave, Burlington, VT 05401 | VT | 1994-06 | $26,827 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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