Civic Intelligence

Freeport Housing Trust Inc.

990 • Fiscal year 2021 • EIN 01-0449761

Oct 01, 2020 to Sep 30, 2021 • Filed on Dec 14, 2021

Organization ProfileN/A
24 South Street Suite AFreeport, ME 04032

(207) 865-1652

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.50x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

2.99x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

68th percentile

24%

Higher net margin than 68% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

34th percentile

$82,323

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

92nd percentile

69%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

86%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$7,838,469

Up $3,206,658 (+69%) from 2020

Net Assets

Up

$3,951,691

Up $638,673 (+19%) from 2020

Liabilities

Up

$3,886,778

Up $2,567,985 (+195%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin68th percentile

Revenue

Up

$1,298,365

Up $601,806 (+86%) from 2020

Expenses

Up

$984,880

Up $358,228 (+57%) from 2020

Net Income

Up

$313,485

Up $243,578 (+348%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $3,525,423Liabilities 2010: $1,460,502Net Assets 2010: $2,064,9212010Assets 2011: $3,574,509Liabilities 2011: $1,528,342Net Assets 2011: $2,046,1672011Assets 2012: $3,981,425Liabilities 2012: $2,231,967Net Assets 2012: $1,749,4582012Assets 2013: $4,246,730Liabilities 2013: $2,197,304Net Assets 2013: $2,049,4262013Assets 2014: $4,455,434Liabilities 2014: $2,231,358Net Assets 2014: $2,224,0762014Assets 2015: $3,877,807Liabilities 2015: $1,386,772Net Assets 2015: $2,491,0352015Assets 2016: $4,014,119Liabilities 2016: $1,429,993Net Assets 2016: $2,584,1262016Assets 2017: $4,089,819Liabilities 2017: $1,411,549Net Assets 2017: $2,678,2702017Assets 2018: $4,214,082Liabilities 2018: $1,386,703Net Assets 2018: $2,827,3792018Assets 2019: $4,467,763Liabilities 2019: $1,357,590Net Assets 2019: $3,110,1732019Assets 2020: $4,631,811Liabilities 2020: $1,318,793Net Assets 2020: $3,313,0182020Assets 2021: $7,838,469Liabilities 2021: $3,886,778Net Assets 2021: $3,951,6912021Assets 2022: $8,269,545Liabilities 2022: $3,815,173Net Assets 2022: $4,454,3722022Assets 2023: $8,521,439Liabilities 2023: $3,766,145Net Assets 2023: $4,755,2942023Assets 2024: $9,722,336Liabilities 2024: $4,045,899Net Assets 2024: $5,676,4372024Assets 2025: $10,417,290Liabilities 2025: $3,945,067Net Assets 2025: $6,472,2232025

Highlighted filing

2021

Assets$7,838,469
Liabilities$3,886,778
Net Assets$3,951,691
Open 2021 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $408,6062010Revenue 2011: $471,997Expenses 2011: $490,751Net Income 2011: -$18,7542011Expenses 2012: $520,0062012Revenue 2013: $938,808Expenses 2013: $638,840Net Income 2013: $299,9682013Revenue 2014: $869,102Expenses 2014: $686,475Net Income 2014: $182,6272014Revenue 2015: $929,910Expenses 2015: $670,424Net Income 2015: $259,4862015Revenue 2016: $591,180Expenses 2016: $518,130Net Income 2016: $73,0502016Revenue 2017: $648,827Expenses 2017: $559,196Net Income 2017: $89,6312017Revenue 2018: $698,853Expenses 2018: $594,636Net Income 2018: $104,2172018Revenue 2019: $765,636Expenses 2019: $594,358Net Income 2019: $171,2782019Revenue 2020: $696,559Expenses 2020: $626,652Net Income 2020: $69,9072020Revenue 2021: $1,298,365Expenses 2021: $984,880Net Income 2021: $313,4852021Revenue 2022: $1,893,366Expenses 2022: $1,132,954Net Income 2022: $760,4122022Revenue 2023: $1,434,260Expenses 2023: $1,223,552Net Income 2023: $210,7082023Revenue 2024: $1,939,407Expenses 2024: $1,316,967Net Income 2024: $622,4402024Revenue 2025: $2,024,988Expenses 2025: $1,264,524Net Income 2025: $760,4642025

Highlighted filing

2021

Revenue$1,298,365
Expenses$984,880
Net Income$313,485
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Dec 14, 2021
Return Version
2020v4.1
Gross Receipts
$1,298,365
Mission and Program Overview

Mission

Provide low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,380,183$3,937,471▲ $2,557,288
Savings and Temporary Cash Investments$2,431,715$2,799,621▲ $367,906
Other Notes and Loans Receivable, Net$110,000$200,000▲ $90,000
Investments Program Related$71,116$71,116→ $0
Accounts Receivable$111,569$11,415▼ $100,154
Investments Other Securities$5,670--
Prepaid Expenses and Deferred Charges$2,275$4,089▲ $1,814
Total Assets$4,631,811$7,838,469▲ $3,206,658
Other Assets Total$519,283$814,757▲ $295,474
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,241,508$3,737,495▲ $2,495,987
Other Liabilities$46,176$87,728▲ $41,552
Accounts Payable and Accrued Expenses$31,109$61,555▲ $30,446
Total Liabilities$1,318,793$3,886,778▲ $2,567,985
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,313,018$3,951,691▲ $638,673
Total Net Assets Fund Balance$3,313,018$3,951,691▲ $638,673
Total Liabilities and Net Assets / Fund Balance$4,631,811$7,838,469▲ $3,206,658

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,487,272$2,894,038$6,381,310
Land$450,199-$450,199
Other Assets Org$495,000--
Compensation and Service Providers
Top Officer Pay34th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matt PetersExecutive DirectorPT$81,998$325$82,323

Board Members and Trustees

NameTitle
Chris RoneyPresident
Amy CartmellVice President
Debra QuinnDirector
Dr Jeffrey StenzelDirector
Elizabeth CarltonDirector
Jim GwilymDirector
Lincoln JeffersDirector
Maryellen CarewDirector
Sue GravasDirector
Suzanne NortonDirector
Thomas H KelleySecretary & Clerk
Thomas WhelanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,268,125
Investment Income
$30,240
Other Revenue
$0
Change in Net Assets
$313,485
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$882,898
Salaries, Compensation, and Employee Benefits$86,982
Grants and Similar Amounts Paid$15,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$178,958--$178,958
Fees for Services Management$98,314--$98,314
Current Officers, Directors, Trustees, and Key Employees$81,998--$81,998
Interest$81,467--$81,467
All Other Expenses$67,929--$67,929
Other Expenses$55,956--$55,956
Insurance$51,056--$51,056
Fees for Services Accounting$20,726--$20,726
Grants to Domestic Orgs$15,000--$15,000
Fees for Services Legal$4,966--$4,966
Payroll Taxes$4,659--$4,659
Advertising$607--$607
Other Employee Benefits$325--$325
Travel$175--$175
Total Functional Expenses$984,880$0$0$984,880
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Freeport Community ServicesFreeport, ME501(c)(3)Scholarship Fund$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$75,192
Prepaid Tenant Rent$12,536
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The board of directors are elected by its members.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the treasurer prior to submission.”

Form 990, Part VI, Section B, Line 12C

“Board members regularly review any conflict of interest issues.”

Form 990, Part VI, Section C, Line 19

“All organizing and operating documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Freeport Housing Trust Inc
EIN
01-0449761
Phone
2078651652
Address
24 SOUTH STREET SUITE A, FREEPORT, ME 04032

Signing Officer

Name
Thomas Whelan
Title
Secretary/treasurer
Phone
2078651652
Signed
2021-12-14

Organization Details

Principal Officer
Chris Roney
Formed
1989
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
0

Preparer

Firm
Otis Atwell
Address
324 GANNETT DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Gregory Geisser
Phone
2077801100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Administrative: program service expenses 41,241. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,241. Resident services: program service expenses 20,644. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,644. Telephone: program service expenses 4,803. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,803. Bad debts: program service expenses 1,241. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,241.”

FORM 990, PART XI, LINE 9:

“Transfer of net assets: varney square associates 237,516.”

Raw XML AppendixShowing 400 of 609 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt087672
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03313018
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03951691
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0519283
IRS990/OtherAssetsTotalGrp/EOYAmt0814757
IRS990/OtherChangesInNetAssetsAmt0237516
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0325
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0325
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE & REPAIRS
IRS990/OtherExpensesGrp/Desc2CONTRACTUAL SERVICES
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
IRS990/OtherExpensesGrp/ProgramServicesAmt0132643
IRS990/OtherExpensesGrp/ProgramServicesAmt1113539
IRS990/OtherExpensesGrp/ProgramServicesAmt276562
IRS990/OtherExpensesGrp/ProgramServicesAmt355956
IRS990/OtherExpensesGrp/TotalAmt0132643
IRS990/OtherExpensesGrp/TotalAmt1113539
IRS990/OtherExpensesGrp/TotalAmt276562
IRS990/OtherExpensesGrp/TotalAmt355956
IRS990/OtherLiabilitiesGrp/BOYAmt046176
IRS990/OtherLiabilitiesGrp/EOYAmt087728
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0110000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0200000
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt04659
IRS990/PayrollTaxesGrp/TotalAmt04659
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02275
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04089
IRS990/PrincipalOfficerNm0CHRIS RONEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2FLOWTHROUGH PAYMENTS -
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY/MISCELLANEOUS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0948566
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1194878
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2105651
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt319030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0948566
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1194878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2105651
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt319030
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF A 30 UNIT LOW-INCOME HOUSING PROJECT KNOWN AS VILLAGE VIEW.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0323558
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0407812
IRS990/ProgSrvcAccomActy3Grp/Desc0OPERATION OF AN 18 UNIT LOW-INCOME HOUSING PROJECT KNOWN AS MAPLEWOOD TERRACE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0159918
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0185541
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DEVELOPMENT AND MANAGEMENT OF VARIOUS LOW-INCOME HOUSING PROJECTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1OPERATION OF A 4 UNIT LOW-INCOME PROJECT KNOWN AS BOW STREET
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0133550
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt143147
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt015000
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0339049
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt141769
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt016000
IRS990/PYInvestmentIncomeAmt0101272
IRS990/PYOtherExpensesAmt0533667
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0595287
IRS990/PYRevenuesLessExpensesAmt069907
IRS990/PYSalariesCompEmpBnftPaidAmt076985
IRS990/PYTotalExpensesAmt0626652
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0696559
IRS990/ReconcilationRevenueExpnssAmt0313485
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0324194
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02431715
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02799621
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0237529
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0101272
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt063699
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt044858
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt044332
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0491690
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01298881
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0595287
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0701937
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0653995
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0604495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03854595
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0237529
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0101272
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt063699
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt044858
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt044332
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0491690
IRS990ScheduleA/InvestmentIncomeCYPct00.11310
IRS990ScheduleA/InvestmentIncomePYPct00.08450
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88690
IRS990ScheduleA/PublicSupportPY509Pct00.91550
IRS990ScheduleA/PublicSupportTotal509Amt03854595
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01298881
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0595287
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0701937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0653995
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0604495
IRS990ScheduleA/Total509Grp/TotalAmt03854595
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01536410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0696559
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0765636
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0698853
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0648827
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04346285
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03487272
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02894038
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06381310
IRS990ScheduleD/LandGrp/BookValueAmt0450199
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0450199
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076101
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1180169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt263487
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3495000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NOTE RECEIVABLE - OAKLEAF 2
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM BROOKSIDE VILLAGE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3NOTE RECEIVABLE - QUARRY RIDGE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt075192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID TENANT RENT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03937471
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0814757
IRS990ScheduleD/TotalLiabilityAmt087728
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt015000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FREEPORT COMMUNITY SERVICES
IRS990ScheduleI/RecipientTable/RecipientEIN0010332769
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt053 DEPOT STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FREEPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004032
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS VOTES TO AWARD GRANTS TO VARIOUS ORGANIZATIONS TO BE USED FOR SPECIFIC PURPOSES SUCH AS SCHOLARSHIPS AND RENTAL ASSISTANCE TO INDIVIDUALS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PART I, LINE 2
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,838,469
Liabilities
$3,886,778
Net assets
$3,951,691
Revenue
$1,298,365
Expenses
$984,880
Net income
$313,485
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$10.4$3.95$6.47$2.02$1.26$0.76
2024Detailed filing. Detailed filing data is available for this year.$9.72$4.05$5.68$1.94$1.32$0.62
2023Detailed filing. Detailed filing data is available for this year.$8.52$3.77$4.76$1.43$1.22$0.21
2022Detailed filing. Detailed filing data is available for this year.$8.27$3.82$4.45$1.89$1.13$0.76
2021Detailed filing. Detailed filing data is available for this year.$7.84$3.89$3.95$1.30$0.98$0.31
2020Detailed filing. Detailed filing data is available for this year.$4.63$1.32$3.31$0.70$0.63$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.47$1.36$3.11$0.77$0.59$0.17
2018Detailed filing. Detailed filing data is available for this year.$4.21$1.39$2.83$0.70$0.59$0.10
2017Detailed filing. Detailed filing data is available for this year.$4.09$1.41$2.68$0.65$0.56$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.01$1.43$2.58$0.59$0.52$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.88$1.39$2.49$0.93$0.67$0.26
2014Detailed filing. Detailed filing data is available for this year.$4.46$2.23$2.22$0.87$0.69$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$2.20$2.05$0.94$0.64$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$2.23$1.75$0.52
2011Summary only. Only limited summary data is available for this year.$3.57$1.53$2.05$0.47$0.49$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.53$1.46$2.06$0.41