TY 2024 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
right arrow

Go to www.irs.gov/Form990PF for instructions and the latest information.

OMB No. 1545-0047

2024

Open to Public Inspection

For calendar year 2024, or tax year beginning 07-01-2024 , and ending 06-30-2025

Name of foundation
OLD LADIES HOME SOCIETY INC

Number and street (or P.O. box number if mail is not delivered to street address)78 LOTHROP STREET
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
BEVERLY, MA01915

A Employer identification number

04-2104810

B Telephone number (see instructions)

(978) 922-0346

C If exemption application is pending, check here right arrow

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address change Name change

D 1. Foreign organizations, check here............. right arrow

2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... right arrow

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trust Other taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... right arrow

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) right arrow

$1,675,228J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	40,507
2	Check .............
3	Interest on savings and temporary cash investments	13,738		13,738	13,738
4	Dividends and interest from securities...	8,818		8,818	8,818
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		61,293
b	Gross sales price for all assets on line 6a 61,293
7	Capital gain net income (from Part IV, line 2)...			61,293
8	Net short-term capital gain.........				61,293
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	555,500	0	555,500
12	Total. Add lines 1 through 11........	679,856		83,849	639,349
13	Compensation of officers, directors, trustees, etc.	78,010		0	0	0
14	Other employee salaries and wages......	360,010		0	0	0
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......
c	Other professional fees (attach schedule)....
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	38,023	0	0	0
19	Depreciation (attach schedule) and depletion...	List of Attached Documents: // Content	23,274	0	23,274
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	196,397	0	0	0
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	695,714		0	23,274	0
25	Contributions, gifts, grants paid.......	0				0
26	Total expenses and disbursements. Add lines 24 and 25	695,714		0	23,274	0
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-15,858
b	Net investment income (if negative, enter -0-)			83,849
c	Adjusted net income (if negative, enter -0-)...				616,075

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2024)

Form 990-PF (2024)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	13,510	30,660	30,660
	2	Savings and temporary cash investments.........	84,354	92,240	92,240
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	12,500	12,500	12,500
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	892,583	List of Attached Documents: // Content 627,834	627,834
	c	Investments—corporate bonds (attach schedule).......	235,586	List of Attached Documents: // Content 272,999	272,999
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 1,159,396
		Less: accumulated depreciation (attach schedule) 520,401	432,933	List of Attached Documents: // Content 638,995	638,995
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	1,671,466	1,675,228	1,675,228
	17	Accounts payable and accrued expenses..........	9,400	9,400
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........	9,400	9,400
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	1,622,523	1,626,285
	25	Net assets with donor restrictions............	39,543	39,543
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	1,662,066	1,665,828
	30	Total liabilities and net assets/fund balances (see instructions).	1,671,466	1,675,228

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,662,066

Enter amount from Part I, line 27a .....................

-15,858

Other increases not included in line 2 (itemize) right arrow

List of Attached Documents:

// Content

19,620

Add lines 1, 2, and 3 ..........................

1,665,828

Decreases not included in line 2 (itemize) right arrow

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,665,828

Form 990-PF (2024)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	CAPE ANN SAVINGS BANK	P	2024-12-31	2025-06-30
b
c
d
e

(e) Gross sales price		(h) Gain or (loss) (e) plus (f) minus (g)
a	61,293	61,293
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			61,293
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	61,293
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	61,293

Part V

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: 1987-03-23(attach copy of letter if necessary–see instructions)	1	N/A
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	0
6	Credits/Payments:

a	2024 estimated tax payments and 2023 overpayment credited to 2024	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8	0
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	0
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2025 estimated tax	Refunded	11

Form 990-PF (2024)

Page 4

Part VI-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions

for the definition.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. right arrow

$ 0(2) On foundation managers. right arrow

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. right arrow

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?.........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument? ................

Yes

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XIV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.

If "Yes," complete Part XIII .............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement. See instructions.................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address right arrow

WWW.GIRDLERHOUSE.COM

The books are in care of right arrow

TREASURER Telephone no. right arrow

(978) 922-0346

Located at right arrow

78 LOTHROP STREETBEVERLYMA ZIP+4 right arrow

01915

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here ......... right arrow

and enter the amount of tax-exempt interest received or accrued during the year ........ right arrow

16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country? .................

16 No

See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow

Form 990-PF (2024)

Page 5

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........

1a(1)

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person? ..............................

1a(2)

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........

1a(3)

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............

1a(4)

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)? ......................

1a(5)

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.) ...............

1a(6)

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........

Organizations relying on a current notice regarding disaster assistance check here ........ right arrow

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2024? .............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d

and 6e) for tax year(s) beginning before 2024?....................

If "Yes," list the years right arrow

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year? ..............................

If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2024.) .....................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..

Form 990-PF (2024)

Page 6

Part VI-B

Statements Regarding Activities for Which Form 4720 May Be Required (continued)

During the year did the foundation pay or incur any amount to:

Yes

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........

5a(1)

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive? ....................

5a(2)

(3) Provide a grant to an individual for travel, study, or other similar purposes? .............

5a(3)

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? See instructions ........................

5a(4)

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals? .............

5a(5)

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........

Organizations relying on a current notice regarding disaster assistance check ......... right arrow

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant? .................

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract? .............................

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?

If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....

Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or

excess parachute payment during the year? .........................

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation. See instructions

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
ROBIN DINATO	VICE-PRESIDENT 4.00	0	0	0
51 PARRAMATTA ROAD BEVERLY,MA01915	VICE-PRESIDENT 4.00	0	0	0
SHIRLEY HAYNES	PAST PRESIDENT 8.00	0	0	0
18 FOSTER DRIVE BEVERLY,MA01915	PAST PRESIDENT 8.00	0	0	0
MERCENE ETHIER	SECRETARY 1.00	0	0	0
20 OCEANSIDE DRIVE BEVERLY,MA01915	SECRETARY 1.00	0	0	0
SHARON HAYES	TREASURER 4.00	0	0	0
26 MORNINGSIDE DRIVE BEVERLY,MA01915	TREASURER 4.00	0	0	0
ANDREA BEAUDRY	DIRECTOR 4.00	0	0	0
18 COLE STREET BEVERLY,MA01915	DIRECTOR 4.00	0	0	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
DONNA SORRENTO	HOUSE MANAGER 40.00	78,010	0	0
78 LOTHROP STREET BEVERLY,MA01915	HOUSE MANAGER 40.00	78,010	0	0
ANGELA ATKINS	ASST TO MANAGER 40.00	60,214	0	0
78 LOTHROP STREET BEVERLY,MA01915	ASST TO MANAGER 40.00	60,214	0	0
MIMOZA GORENCA	HOUSEKEEPER 40.00	55,278	0	0
78 LOTHROP STREET BEVERLY,MA01915	HOUSEKEEPER 40.00	55,278	0	0
RITA BURKE	WEEKDAY COOK 40.00	53,028	0	0
78 LOTHROP STREET BEVERLY,MA01915	WEEKDAY COOK 40.00	53,028	0	0
SUSIE GILDAY	TEAM LEADER 40.00	37,858	0	0
78 LOTHROP STREET BEVERLY,MA01915	TEAM LEADER 40.00	37,858	0	0
Total number of other employees paid over $50,000...................				0

Form 990-PF (2024)

Page 7

Part VII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
JOHN F DOLAN CPA PC	ACCOUNTING SERVICES	0
54 MAIN STREET PEABODY,MA01960	ACCOUNTING SERVICES	0

Total number of others receiving over $50,000 for professional services............. right arrow

Part VIII-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	PROVIDING A SAFE LIVING ENVIRONMENT FOR SENIOR WOMEN.	0
2


3


4

Part VIII-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... right arrow

Form 990-PF (2024)

Page 8

Part IX

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

1,102,798

Average of monthly cash balances.......................

Fair market value of all other assets (see instructions)................

570,549

Total (add lines 1a, b, and c).........................

1,673,347

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

1,673,347

Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see

instructions) .............................

25,100

Net value of noncharitable-use assets. Subtract line 4 from line 3. ............

1,648,247

Minimum investment return. Enter 5% (0.05) of line 5................

82,412

Part X

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow

and do not complete this part.)

Minimum investment return from Part IX, line 6..................

Tax on investment income for 2024 from Part V, line 5 .......

Income tax for 2024. (This does not include the tax from Part V.) ...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...

Part XI

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

Program-related investments—total from Part VIII-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......

Form 990-PF (2024)

Page 9

Part XII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2023	(c) 2023	(d) 2024
1 Distributable amount for 2024 from Part X, line 7
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2024:
a From 2019......
b From 2020......
c From 2021......
d From 2022......
e From 2023......
f Total of lines 3a through e ........
4Qualifying distributions for 2024 from Part
XI, line 4: $
a Applied to 2023, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2024 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2024.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2023. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2024. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2025 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2019 not applied on line 5 or line 7 (see instructions) ...
9 Excess distributions carryover to 2025. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2020....
b Excess from 2021....
c Excess from 2022....
d Excess from 2023....
e Excess from 2024....

Form 990-PF (2024)

Page 10

Part XIII

Private Operating Foundations (see instructions and Part VI-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow

1987-03-23

b Check box to indicate whether the organization is a private operating foundation described in section 4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2024	(b) 2023	(c) 2022	(d) 2021	(e) Total
	82,412	0	21,504	100,601	204,517
b 85% (0.85) of line 2a .........	70,050	0	18,278	85,511	173,839
c Qualifying distributions from Part XI, line 4 for each year listed .....	0	0	0	0	0
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	0	0	0	0	0
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......					0
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)					0
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	54,941	0	14,336	67,067	136,344
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

Part XIV

Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here right arrow

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2024)

Page 11

Part XIV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2024)

Page 12

Part XV-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aPAYMENTS FROM TENANTS					555,500
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........					13,738
4 Dividends and interest from securities ....					8,818
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....
8 Gain or (loss) from sales of assets other than inventory ............					61,293
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..		0		0	639,349

13Total. Add line 12, columns (b), (d), and (e)..................

639,349

(See worksheet in line 13 instructions to verify calculations.)

Part XV-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
1	FEES FOR SERVICES TO PROMOTE CHARITABLE PURPOSES

Form 990-PF (2024)

Page 13

Part XVI

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........Yes No

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below? See instructions. Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2024)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
LAND	1945-06-05	5,450		L		0	0
BUILDINGS	1945-06-05	16,600	9,988	SL	50.000000000000	0	0
REMODEL BOILER ROOM	1959-07-07	1,040	900	SL	50.000000000000	0	0
SPRINKLER SYSTEM	1959-07-07	9,094	7,838	SL	50.000000000000	0	0
RENOVATIONS, ADDITION	1968-03-01	156,034	156,034	SL	50.000000000000	0	0
BOILER	1979-01-01	22,319	22,319	SL	20.000000000000	0	0
ROOF	1982-01-01	12,200	12,200	SL	15.000000000000	0	0
FIRE ALARM	1987-06-30	8,850	8,664	SL	20.000000000000	0	0
BATH, 2ND FLOOR	1989-06-30	272	259	SL	10.000000000000	0	0
STORM WINDOW	1990-11-15	965	965	SL	30.000000000000	0	0
BATH, 2ND FLOOR	1991-02-15	6,603	6,603	SL	20.000000000000	0	0
PLUMBING IMPROVEMENTS	1991-09-15	2,594	2,594	SL	20.000000000000	0	0
IRON RAIL	1991-11-15	280	280	SL	20.000000000000	0	0
SIGNAGE	1992-09-29	300	300	SL	20.000000000000	0	0
TRASH BIN	1992-12-11	258	258	SL	20.000000000000	0	0
ELECTRIC IMPROVEMENTS	1995-01-09	1,438	1,438	SL	20.000000000000	0	0
BATH, 2ND FLOOR	1996-07-15	13,100	12,828	SL	20.000000000000	0	0
SUITE, 2ND FLOOR	1996-08-01	5,249	5,134	SL	20.000000000000	0	0
BOILER IMPROVEMENTS	1997-09-15	884	870	SL	20.000000000000	0	0
WINDOW, SOCIAL ROOM	1998-01-15	359	359	SL	20.000000000000	0	0
PARLOR IMPROVEMENTS	1998-03-15	5,092	5,092	SL	20.000000000000	0	0
IMPROVEMENTS	1998-04-15	964	964	SL	20.000000000000	0	0
PARLOR IMPROVEMENTS	1998-07-15	340	231	SL	39.000000000000	9	9
PARLOR DOORS	1998-12-15	266	178	SL	39.000000000000	7	7
REPLACEMENT WINDOWS	1999-01-15	2,650	2,167	SL	31.000000000000	85	85
LAVATORY IMPROVEMENTS	1999-03-15	7,639	4,956	SL	39.000000000000	196	196
CARPETING	1999-04-30	1,480	1,476	SL	20.000000000000	0	0
SHAMPOO ROOM	1999-05-15	4,188	2,691	SL	39.000000000000	107	107
KITCHEN AIR COND	1999-06-15	306	199	SL	39.000000000000	8	8
HALL, STAIR CARPET	2001-10-15	1,811	1,048	SL	39.000000000000	46	46
REFINISH FLOORS	2001-10-15	2,550	1,479	SL	39.000000000000	65	65
IMPROVEMENTS	1999-07-31	2,986	1,915	SL	39.000000000000	77	77
REAR PORCH ENCLOSURE	2000-10-31	2,019	1,229	SL	39.000000000000	52	52
PATIO DOORS	2004-07-06	235	235	SL	7.000000000000	0	0
ROOF, MAIN BUILDING	2004-10-18	10,700	5,401	SL	39.000000000000	274	274
BATHROOM FLOOR	2006-01-09	700	332	SL	39.000000000000	18	18
RE-TILE FLOOR	2007-05-09	3,308	1,455	SL	39.000000000000	85	85
RE-ROOF WING	2007-05-02	17,700	7,775	SL	39.000000000000	454	454
CARPETING	2007-07-05	2,959	1,289	SL	39.000000000000	76	76
OIL/GAS CONVERSION	2008-09-08	48,000	19,439	SL	39.000000000000	1,231	1,231
ELECTRIC IMPROVEMENTS	2008-07-03	1,103	139		39.000000000000	0	0
PLUMBING IMPROVEMENTS	2009-05-06	2,150	227		39.000000000000	0	0
PLUMBING IMPROVEMENTS	2009-05-19	2,150	227		39.000000000000	0	0
BATH IMPROVEMENTS 1	2012-04-21	21,289	660		39.000000000000	0	0
BATH IMPROVEMENTS 2	2012-04-20	21,288	660		39.000000000000	0	0
BATH IMPROVEMENTS 3	2012-04-20	21,288	6,666	SL	39.000000000000	546	546
KICHEN IMPROVEMENTS	2012-06-21	3,827	1,180	SL	39.000000000000	98	98
INSULATION	1982-05-15	870	870	SL	10.000000000000	0	0
WATER HEATER	1985-01-19	233	233	SL	10.000000000000	0	0
DULL SWITCH & ENUNCIATOR	1985-02-06	1,021	1,021	SL	8.000000000000	0	0
NEW SOFA	1986-04-01	500	500	SL	10.000000000000	0	0
IMPROVEMENTS 1986-1997 #34-69	1997-03-15	25,479	25,279	SL	7.000000000000	0	0
IMPROVEMENTS 1997-2005 #70-90	2005-01-13	13,023	12,559	SL	7.000000000000	0	0
FILE CABINET	2006-08-29	170	167	SL	7.000000000000	0	0
CARPETING	2006-09-18	485	485	SL	7.000000000000	0	0
MODEL ASM14DK AIR COND UNIT	2007-07-07	480	448	SL	7.000000000000	0	0
RUGS, DINING ROOM	2008-08-07	2,514	2,514	SL	5.000000000000	0	0
GARBAGE DISPOSAL	2009-02-19	715	715	200DB	7.000000000000	0	0
DISHWASHER	2009-05-10	665	665	200DB	7.000000000000	0	0
REFRIGERATOR	2010-07-10	764	709	SL	7.000000000000	0	0
COMPUTER EQUIPMENT	2010-10-18	740	615	SL	5.000000000000	0	0
STAIRLIFT	2012-07-02	9,207	9,207	SL	10.000000000000	0	0
DISHWASHER	2013-02-04	892	889	SL	7.000000000000	0	0
ELECTRIC IMPROVEMENTS	2015-12-31	6,335	1,377	SL	39.000000000000	162	162
HEATING IMPROVEMENTS	2015-12-31	18,266	7,761	SL	20.000000000000	913	913
FURNITURE AND FIXTURES	2015-12-31	5,806	5,806	SL	7.000000000000	0	0
WINDOW IMPROVEMENTS	2015-12-31	22,396	4,879	SL	39.000000000000	574	574
BEDROOM AND BATH IMPROVEMENTS	2017-04-30	232,564	60,608	SL	27.500000000000	8,457	8,457
RUGS, PAINTING, ACCESSORIES	2017-01-13	8,465	8,465	SL	5.000000000000	0	0
GENERATOR	2017-12-30	13,000	8,450	SL	10.000000000000	1,300	1,300
HEATING IMPROVEMENTS	2017-12-31	24,000	7,800	SL	20.000000000000	1,200	1,200
WINDOW IMPROVEMENTS	2017-12-31	13,419	2,236	SL	27.500000000000	488	488
RUGS	2017-12-31	4,345	4,345	SL	5.000000000000	0	0
NEW SUITE	2019-04-30	70,829	9,383	SL	27.500000000000	2,576	2,576
MAJOR IMPROVEMENTS	2024-12-31	229,336		SL	27.500000000000	4,170	4,170

- TIN:

TY 2024 InvestmentsCorpBondsSchedule

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE BONDS	272,999	272,999

- TIN:

TY 2024 InvestmentsCorpStockSchedule

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCKS	627,834	627,834

- TIN:

TY 2024 LandEtcSchedule2

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
LAND	5,450	0	5,450
BUILDINGS	16,600	9,988	6,612
REMODEL BOILER ROOM	1,040	900	140
SPRINKLER SYSTEM	9,094	7,838	1,256
RENOVATIONS, ADDITION	156,034	156,034	0
BOILER	22,319	22,319	0
ROOF	12,200	12,200	0
FIRE ALARM	8,850	8,664	186
BATH, 2ND FLOOR	272	259	13
STORM WINDOW	965	965	0
BATH, 2ND FLOOR	6,603	6,603	0
PLUMBING IMPROVEMENTS	2,594	2,594	0
IRON RAIL	280	280	0
SIGNAGE	300	300	0
TRASH BIN	258	258	0
ELECTRIC IMPROVEMENTS	1,438	1,438	0
BATH, 2ND FLOOR	13,100	12,828	272
SUITE, 2ND FLOOR	5,249	5,134	115
BOILER IMPROVEMENTS	884	870	14
WINDOW, SOCIAL ROOM	359	359	0
PARLOR IMPROVEMENTS	5,092	5,092	0
IMPROVEMENTS	964	964	0
PARLOR IMPROVEMENTS	340	240	100
PARLOR DOORS	266	185	81
REPLACEMENT WINDOWS	2,650	2,252	398
LAVATORY IMPROVEMENTS	7,639	5,152	2,487
CARPETING	1,480	1,476	4
SHAMPOO ROOM	4,188	2,798	1,390
KITCHEN AIR COND	306	207	99
HALL, STAIR CARPET	1,811	1,094	717
REFINISH FLOORS	2,550	1,544	1,006
IMPROVEMENTS	2,986	1,992	994
REAR PORCH ENCLOSURE	2,019	1,281	738
PATIO DOORS	235	235	0
ROOF, MAIN BUILDING	10,700	5,675	5,025
BATHROOM FLOOR	700	350	350
RE-TILE FLOOR	3,308	1,540	1,768
RE-ROOF WING	17,700	8,229	9,471
CARPETING	2,959	1,365	1,594
OIL/GAS CONVERSION	48,000	20,670	27,330
ELECTRIC IMPROVEMENTS	1,103	139	964
PLUMBING IMPROVEMENTS	2,150	227	1,923
PLUMBING IMPROVEMENTS	2,150	227	1,923
BATH IMPROVEMENTS 1	21,289	660	20,629
BATH IMPROVEMENTS 2	21,288	660	20,628
BATH IMPROVEMENTS 3	21,288	7,212	14,076
KICHEN IMPROVEMENTS	3,827	1,278	2,549
INSULATION	870	870	0
WATER HEATER	233	233	0
DULL SWITCH & ENUNCIATOR	1,021	1,021	0
NEW SOFA	500	500	0
IMPROVEMENTS 1986-1997 #34-69	25,479	25,279	200
IMPROVEMENTS 1997-2005 #70-90	13,023	12,559	464
FILE CABINET	170	167	3
CARPETING	485	485	0
MODEL ASM14DK AIR COND UNIT	480	448	32
RUGS, DINING ROOM	2,514	2,514	0
GARBAGE DISPOSAL	715	715	0
DISHWASHER	665	665	0
REFRIGERATOR	764	709	55
COMPUTER EQUIPMENT	740	615	125
STAIRLIFT	9,207	9,207	0
DISHWASHER	892	889	3
ELECTRIC IMPROVEMENTS	6,335	1,539	4,796
HEATING IMPROVEMENTS	18,266	8,674	9,592
FURNITURE AND FIXTURES	5,806	5,806	0
WINDOW IMPROVEMENTS	22,396	5,453	16,943
BEDROOM AND BATH IMPROVEMENTS	232,564	69,065	163,499
RUGS, PAINTING, ACCESSORIES	8,465	8,465	0
GENERATOR	13,000	9,750	3,250
HEATING IMPROVEMENTS	24,000	9,000	15,000
WINDOW IMPROVEMENTS	13,419	2,724	10,695
RUGS	4,345	4,345	0
NEW SUITE	70,829	11,959	58,870
MAJOR IMPROVEMENTS	229,336	4,170	225,166

- TIN:

TY 2024 OtherExpensesSchedule

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Description	Revenue and Expenses per Books	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
HEAT AND ELECTRICITY	25,146	0	0	0
INSURANCE	22,644	0	0	0
INVESTMENT MANAGEMENT FEES	7,720	0	0	0
LICENSES, FEES	977	0	0	0
PAYROLL PROCESSING FEES	6,962	0	0	0
FOOD AND SUPPLIES	72,925	0	0	0
REPAIRS AND MAINTENANCE	41,294	0	0	0
OFFICE SUPPLIES AND EXPENSE	11,273	0	0	0
PROFESSIONAL FEES	2,500	0	0	0
TECHNOLOGY EXPENSE	4,956	0	0	0

- TIN:

TY 2024 OtherIncomeSchedule2

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
PAYMENTS FROM TENANTS	555,500		555,500

- TIN:

TY 2024 OtherIncreasesSchedule

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Description	Amount
UNREALIZED GAIN ON INVESTED ASSETS	19,620

- TIN:

TY 2024 TaxesSchedule

Name:

OLD LADIES HOME SOCIETY INC

EIN:

04-2104810

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL TAXES	38,023	0	0	0