Civic Intelligence

Frye School Housing Development Inc.

990 • Fiscal year 2016 • EIN 01-0522954

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 23, 2016

8 Falcon RoadLewiston, ME 04240

(207) 795-4010

Siviq Scores

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

Liabilities / Assets

35th percentile

0.03x

Higher debt load relative to assets than 35% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.26x

Higher debt load relative to revenue than 67% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

37th percentile

-1.7%

Faster asset growth than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

36th percentile

-1.9%

Faster revenue growth than 36% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$1,608,987

Down $27,260 (-1.7%) from 2015

Net Assets

Down

$1,557,846

Down $60,155 (-3.7%) from 2015

Liabilities

Up

$51,141

Up $32,895 (+180%) from 2015

Revenue

Down

$194,975

Down $3,849 (-1.9%) from 2015

Expenses

Up

$255,130

Up $30,169 (+13%) from 2015

Net Income

Down

-$60,155

Down $34,018 (-130%) from 2015

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,776,161Liabilities 2011: $23,265Net Assets 2011: $1,752,8962011Assets 2012: $1,742,626Liabilities 2012: $19,753Net Assets 2012: $1,722,8732012Assets 2013: $1,698,588Liabilities 2013: $21,590Net Assets 2013: $1,676,9982013Assets 2014: $1,664,446Liabilities 2014: $20,308Net Assets 2014: $1,644,1382014Assets 2015: $1,636,247Liabilities 2015: $18,246Net Assets 2015: $1,618,0012015Assets 2016: $1,608,987Liabilities 2016: $51,141Net Assets 2016: $1,557,8462016Assets 2017: $1,551,687Liabilities 2017: $26,616Net Assets 2017: $1,525,0712017Assets 2018: $1,521,244Liabilities 2018: $34,099Net Assets 2018: $1,487,1452018Assets 2019: $1,480,408Liabilities 2019: $31,419Net Assets 2019: $1,448,9892019Assets 2020: $1,457,291Liabilities 2020: $20,896Net Assets 2020: $1,436,3952020Assets 2021: $1,463,068Liabilities 2021: $25,914Net Assets 2021: $1,437,1542021Assets 2022: $1,438,972Liabilities 2022: $21,003Net Assets 2022: $1,417,9692022Assets 2023: $1,408,684Liabilities 2023: $24,699Net Assets 2023: $1,383,9852023Assets 2024: $1,403,307Liabilities 2024: $28,127Net Assets 2024: $1,375,1802024

Highlighted filing

2016

Assets$1,608,987
Liabilities$51,141
Net Assets$1,557,846

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $211,6252011Expenses 2012: $211,5572012Revenue 2013: $197,926Expenses 2013: $243,801Net Income 2013: -$45,8752013Revenue 2014: $193,699Expenses 2014: $226,559Net Income 2014: -$32,8602014Revenue 2015: $198,824Expenses 2015: $224,961Net Income 2015: -$26,1372015Revenue 2016: $194,975Expenses 2016: $255,130Net Income 2016: -$60,1552016Revenue 2017: $223,678Expenses 2017: $256,453Net Income 2017: -$32,7752017Revenue 2018: $222,640Expenses 2018: $260,566Net Income 2018: -$37,9262018Revenue 2019: $223,301Expenses 2019: $261,457Net Income 2019: -$38,1562019Revenue 2020: $237,517Expenses 2020: $250,111Net Income 2020: -$12,5942020Revenue 2021: $255,691Expenses 2021: $254,932Net Income 2021: $7592021Revenue 2022: $259,223Expenses 2022: $278,408Net Income 2022: -$19,1852022Revenue 2023: $261,693Expenses 2023: $295,749Net Income 2023: -$34,0562023Revenue 2024: $286,770Expenses 2024: $295,575Net Income 2024: -$8,8052024

Highlighted filing

2016

Revenue$194,975
Expenses$255,130
Net Income-$60,155
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 23, 2016
Return Version
2015v2.1
Gross Receipts
$194,975
Mission and Program Overview

Mission

To provide supportive housing to the elderly in central maine.

The organization's primary purpose is to provide supportive housing for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,475,883$1,417,857▼ $58,026
Savings and Temporary Cash Investments$131,075$157,710▲ $26,635
Cash and Non-Interest-Bearing Accounts$12,261$17,127▲ $4,866
Prepaid Expenses and Deferred Charges$7,933$8,273▲ $340
Accounts Receivable$884$251▼ $633
Total Assets$1,636,247$1,608,987▼ $27,260
Other Assets Total$8,211$7,769▼ $442
Liabilities
Other Liabilities$8,211$41,987▲ $33,776
Accounts Payable and Accrued Expenses$9,634$8,970▼ $664
Deferred Revenue$401$184▼ $217
Total Liabilities$18,246$51,141▲ $32,895
Net Assets / Fund Balance
Unrestricted Net Assets$1,618,001$1,557,846▼ $60,155
Total Net Assets Fund Balance$1,618,001$1,557,846▼ $60,155
Total Liabilities and Net Assets / Fund Balance$1,636,247$1,608,987▼ $27,260

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,410,905$811,533$2,222,438
Land$6,952-$6,952
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$94,461
Program Service Revenue
$100,407
Investment Income
$107
Other Revenue
$0
Change in Net Assets
$-60,155

Audited Revenue Reconciliation

Revenue per Audited Statements
$194,975
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$194,975
Total Revenue per Form 990
$194,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$255,130
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$58,026--$58,026
All Other Expenses$23,957--$23,957
Fees for Services Management$18,144--$18,144
Insurance$13,940--$13,940
Other Expenses$11,577--$11,577
Fees for Services Accounting$5,500--$5,500
Office Expenses$3,273--$3,273
Advertising$436--$436
Total Functional Expenses$255,130$0$0$255,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$255,130
Total Expenses per Audited Statements$255,130
Total Expenses per Form 990$255,130
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
due to hud$34,218
tenant security deposits$7,769
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

The management company operates all facets of the elderly housing project.

Form 990, Part VI, Section A, line 6

The members include the board of directors.

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

The board of directors are elected by its members.

Form 990, Part VI, Section B, line 11

The entire board reviews the informational return at one of the monthly board meetings before filing the form with the irs.

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

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by requesting each board member update their compliance annually.

Form 990, Part VI, Section C, line 19

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Frye School Housing Development Inc
EIN
01-0522954
Phone
2077954010
Address
8 FALCON ROAD, LEWISTON, ME 04240

Signing Officer

Name
mary bussell
Title
chair
Phone
2077954010
Signed
2016-09-23

Organization Details

Principal Officer
mary bussell
Formed
1999
Legal Domicile
Me
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Otis Atwell
Address
324 GANNETT DRIVE, SOUTH PORTLAND, ME 04106
Preparer
Thomas Gioia
Phone
2077801100
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0598
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99930
IRS990ScheduleA/PublicSupportTotal509Amt0966360
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0194868
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0198696
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0193591
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0197810
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0181395
IRS990ScheduleA/Total509Grp/TotalAmt0966360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0194975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0198824
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0193699
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0197926
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0181534
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0966958
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01410905
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0811533
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02222438
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0255130
IRS990ScheduleD/LandGrp/BookValueAmt06952
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06952
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt134218
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0tenant security deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1due to hud
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0194975
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01417857
IRS990ScheduleD/TotalExpensesPerForm990Amt0255130
IRS990ScheduleD/TotalLiabilityAmt041987
IRS990ScheduleD/TotalRevenuePerForm990Amt0194975
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0194975
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0255130
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MANAGEMENT COMPANY OPERATES ALL FACETS OF THE ELDERLY HOUSING PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS INCLUDE THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS ARE ELECTED BY ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ENTIRE BOARD REVIEWS THE INFORMATIONAL RETURN AT ONE OF THE MONTHLY BOARD MEETINGS BEFORE FILING THE FORM WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUESTING EACH BOARD MEMBER UPDATE THEIR COMPLIANCE ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01636247
IRS990/TotalAssetsEOYAmt01608987
IRS990/TotalAssetsGrp/BOYAmt01636247
IRS990/TotalAssetsGrp/EOYAmt01608987
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt094461
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255130
IRS990/TotalFunctionalExpensesGrp/TotalAmt0255130
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt018246
IRS990/TotalLiabilitiesEOYAmt051141
IRS990/TotalLiabilitiesGrp/BOYAmt018246
IRS990/TotalLiabilitiesGrp/EOYAmt051141
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01618001
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01557846
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0255130
IRS990/TotalProgramServiceRevenueAmt0100407
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0100514
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0194975
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01636247
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01608987
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01618001
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01557846
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 FALCON ROAD
IRS990/USAddress/CityNm0LEWISTON
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004240
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0mary bussell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02077954010
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRYE SCHOOL HOUSING DEVELOPMENT INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O SENIORS PLUS
ReturnHeader/Filer/BusinessNameControlTxt0FRYE
ReturnHeader/Filer/EIN0010522954
ReturnHeader/Filer/PhoneNum02077954010
ReturnHeader/Filer/USAddress/AddressLine1Txt08 FALCON ROAD
ReturnHeader/Filer/USAddress/CityNm0LEWISTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004240
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203690847
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OTIS ATWELL

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.40$0.03$1.38$0.29$0.30$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.02$1.38$0.26$0.30$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.44$0.02$1.42$0.26$0.28$0.02
2021Detailed filing. Detailed filing data is available for this year.$1.46$0.03$1.44$0.26$0.25$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.02$1.44$0.24$0.25$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.03$1.45$0.22$0.26$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.52$0.03$1.49$0.22$0.26$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.55$0.03$1.53$0.22$0.26$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.61$0.05$1.56$0.19$0.26$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.64$0.02$1.62$0.20$0.22$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.02$1.64$0.19$0.23$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.02$1.68$0.20$0.24$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.02$1.72$0.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$0.02$1.75$0.21