Barton Chambers Apartments Inc in Barton, Vermont (VT)

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Barton Chambers Apartments Inc
Employer Identification Number (EIN)237385650
Name of OrganizationBarton Chambers Apartments Inc
AddressPO BOX 248, Barton, VT 05822-0248
ActivitiesLow and moderate income housing, Housing for the aged (see also 153)
SubsectionCharitable Organization
Ruling Date08/1974
DeductibilityContributions are deductible
FoundationSuspense
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,595,780
Amount of Income$355,440
Form 990 Revenue Amount$355,440


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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$344,455
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$334,309
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$3,897
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$6,249
Statement of Functional Expenses (for 2011)
Total functional expenses$374,228
Compensation of current officers, directors, trustees, and key employees$14,353
Other salaries and wages$31,624
Payroll taxes$3,875
Professional fundraising services$0
Other$324,376
Balance Sheet (for 2011)
Total assets$1,655,549
Total liabilities$1,777,291
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,755,886
Unsecured notes and loans payable to unrelated third parties$0
Other$21,405
Total net assets or fund balances$-121,742
Retained earnings, endowment, accumulated income, or other funds$-121,742
Reason for Public Charity Status (for 2011)
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)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$839,391
Gifts, grants, contributions, and membership fees received$810,410
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$28,981
Gross receipts from related activities, etc.$340,558
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