For Developmental Resources

“Description: Interest Income. Amount: 6.”

“Description: Interest Expense. Amount: 12,061. Description: Insurance Expense. Amount: 1,500. Description: Office Expenses. Amount: 967. Description: Depreciation Expense. Amount: 11,137. Total to Form 990-EZ, line 16: 25,665.”

“Description: Prepaid Expenses. Beg. of Year Amount: 1,719. End of Year Amount: 1,719. Description: Other Depreciable Assets. Beg. of Year Amount: 1,901. End of Year Amount: 1,153.”

“Description: Accrued Interest. Beg. of Year Amount: 1,168. End of Year Amount: 963. Description: Mortgage Payable -- HUD. Beg. of Year Amount: 138,676. End of Year Amount: 124,793. Description: Tenant Security Deposits. Beg. of Year Amount: 1,834. End of Year Amount: 1,834. Description: Accounts Payable. Beg. of Year Amount: 21,159. End of Year Amount: 21,557. Description: Due to Affiliate. Beg. of Year Amount: 0. End of Year Amount: 290,902.”

“Section 1.263(a)-3(n) Election: FOR Developmental Resources P.O. Box 363 Biddeford, ME 04005 EIN 01-0285906 FOR Developmental Resources is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

“Effective January 1, 2018, Community Partners, Inc., a Maine not-for-profit corporation and sole corporate member of FOR Developmental Resources, merged with Spurwink Services, Inc. At the same time, Spurwink became the sole incorporating member of FOR Developmental Resources. As a result of the merger described above, the governing documents of FOR Developmental Resources were amended during FY 2018 to reflect Spurwink Services, Inc. as the sole corporate member of the Organization. Spurwink Services, Inc. will assume the same roles, powers, and responsibilities as previously held by Community Partners, Inc.”