Civic Intelligence

Mainestream Finance

990 • Fiscal year 2015 • EIN 01-0539222

Oct 01, 2014 to Sep 30, 2015 • Filed on May 24, 2016

Organization Profilewww.mainestreamfinance.org
PO Box 1162Bangor, ME 04402-1162

(207) 973-3500

Siviq Scores

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

Liabilities / Assets

85th percentile

0.77x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

95th percentile

6.47x

Higher debt load relative to revenue than 95% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

68th percentile

9.8%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

71st percentile

$174,156

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

85th percentile

21%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-24%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$7,482,330

Up $1,311,230 (+21%) from 2014

Net Assets

Up

$1,712,289

Up $87,574 (+5.4%) from 2014

Liabilities

Up

$5,770,041

Up $1,223,656 (+27%) from 2014

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin68th percentile

Revenue

Down

$892,280

Down $289,436 (-24%) from 2014

Expenses

Down

$804,706

Down $158,454 (-16%) from 2014

Net Income

Down

$87,574

Down $130,982 (-60%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth85th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,411,851Liabilities 2010: $1,361,527Net Assets 2010: $1,050,3242010Assets 2011: $2,898,088Liabilities 2011: $1,943,469Net Assets 2011: $954,6192011Assets 2012: $3,850,688Liabilities 2012: $2,919,535Net Assets 2012: $931,1532012Assets 2013: $4,975,379Liabilities 2013: $3,569,220Net Assets 2013: $1,406,1592013Assets 2014: $6,171,100Liabilities 2014: $4,546,385Net Assets 2014: $1,624,7152014Assets 2015: $7,482,330Liabilities 2015: $5,770,041Net Assets 2015: $1,712,2892015Assets 2016: $6,678,912Liabilities 2016: $5,172,023Net Assets 2016: $1,506,8892016Assets 2017: $5,511,379Liabilities 2017: $4,142,989Net Assets 2017: $1,368,3902017Assets 2018: $5,438,648Liabilities 2018: $4,163,945Net Assets 2018: $1,274,7032018Assets 2019: $5,815,024Liabilities 2019: $4,714,110Net Assets 2019: $1,100,9142019Assets 2020: $5,933,338Liabilities 2020: $4,787,173Net Assets 2020: $1,146,1652020Assets 2021: $6,924,505Liabilities 2021: $4,888,459Net Assets 2021: $2,036,0462021Assets 2022: $6,730,189Liabilities 2022: $3,895,092Net Assets 2022: $2,835,0972022Assets 2023: $6,908,881Liabilities 2023: $4,172,612Net Assets 2023: $2,736,2692023Assets 2024: $7,474,375Liabilities 2024: $4,629,798Net Assets 2024: $2,844,5772024

Highlighted filing

2015

Assets$7,482,330
Liabilities$5,770,041
Net Assets$1,712,289
Open 2015 Filing

Operations Trend

Revenue Growth12th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $314,2802010Expenses 2011: $548,9462011Expenses 2012: $474,1312012Revenue 2013: $1,077,215Expenses 2013: $602,209Net Income 2013: $475,0062013Revenue 2014: $1,181,716Expenses 2014: $963,160Net Income 2014: $218,5562014Revenue 2015: $892,280Expenses 2015: $804,706Net Income 2015: $87,5742015Revenue 2016: $753,799Expenses 2016: $959,199Net Income 2016: -$205,4002016Revenue 2017: $661,099Expenses 2017: $799,598Net Income 2017: -$138,4992017Revenue 2018: $805,718Expenses 2018: $899,406Net Income 2018: -$93,6882018Revenue 2019: $683,490Expenses 2019: $857,279Net Income 2019: -$173,7892019Revenue 2020: $659,119Expenses 2020: $613,868Net Income 2020: $45,2512020Revenue 2021: $1,591,851Expenses 2021: $701,970Net Income 2021: $889,8812021Revenue 2022: $1,442,234Expenses 2022: $643,183Net Income 2022: $799,0512022Revenue 2023: $484,821Expenses 2023: $583,649Net Income 2023: -$98,8282023Revenue 2024: $615,035Expenses 2024: $506,727Net Income 2024: $108,3082024

Highlighted filing

2015

Revenue$892,280
Expenses$804,706
Net Income$87,574
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
May 24, 2016
Return Version
2014v6.0
Gross Receipts
$892,280
Mission and Program Overview

Mission

To promote community development and perform all functions permitted as community development financial institution, primarily through financing activities servicing the low income targeted population of the state of Maine.

To promote community development and perform all functions permitted as community development financial institution, primarily through financing activities, servicing the low income targeted population of the state of Maine.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,422,873$4,703,409▲ $280,536
Savings and Temporary Cash Investments$1,444,843$2,173,977▲ $729,134
Investments Program Related-$300,000-
Accounts Receivable$106,324$112,959▲ $6,635
Land, Buildings, and Equipment, Net$31,806$35,917▲ $4,111
Inventories for Sale or Use$150,044$34,935▼ $115,109
Prepaid Expenses and Deferred Charges$8,986$16,053▲ $7,067
Cash and Non-Interest-Bearing Accounts$3,503$0▼ $3,503
Total Assets$6,171,100$7,482,330▲ $1,311,230
Other Assets Total$2,721$105,080▲ $102,359
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,044,440$4,862,715▲ $818,275
Other Liabilities$304,506$422,722▲ $118,216
Deferred Revenue$148,370$306,249▲ $157,879
Escrow Account Liability$9,843$119,302▲ $109,459
Accounts Payable and Accrued Expenses$39,226$59,053▲ $19,827
Total Liabilities$4,546,385$5,770,041▲ $1,223,656
Net Assets / Fund Balance
Temporarily Rstr Net Assets$852,842$1,015,810▲ $162,968
Permanently Rstr Net Assets$439,556$439,719▲ $163
Unrestricted Net Assets$332,317$256,760▼ $75,557
Total Net Assets Fund Balance$1,624,715$1,712,289▲ $87,574
Total Liabilities and Net Assets / Fund Balance$6,171,100$7,482,330▲ $1,311,230

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$35,917$11,141$47,058
Equipment$0$5,200$5,200
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleOtherTotal
Denice ConaryChief Financial Officer$126,114$126,114
Kara HayPresident$113,319$113,319
Jayne GilesChief Executive Officer$110,965$110,965

Board Members and Trustees

NameTitle
Michelle CobbBoard Member & Chair
Charles NewtonFormer President
Geneva LibbyBoard Member & Vice Chair
Adam RobertsonBoard Member
John MooreBoard Member
Erin HustusBoard Member & Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$562,026
Program Service Revenue
$319,049
Investment Income
$11,205
Other Revenue
$0
All Other Contributions
$78,490
Change in Net Assets
$87,574

Audited Revenue Reconciliation

Revenue per Audited Statements
$892,280
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$71,975
Total Revenue per Audited Statements
$964,255
Total Revenue per Form 990
$892,280
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$789,701
Grants and Similar Amounts Paid$15,005
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$119,622$1,364-$120,986
Other Expenses$18,103$36,892-$54,995
Occupancy$21,730$17,321-$39,051
Information Technology$18,530$6,440-$24,970
Office Expenses$17,915$6,277-$24,192
Travel$7,488$7,252-$14,740
Fees for Services Accounting$3,550$10,587-$14,137
Fees for Services Legal$3,268$10,489-$13,757
Grants to Domestic Orgs$9,500--$9,500
Depreciation Depletion$8,264$125-$8,389
Grants to Domestic Individuals$5,505--$5,505
Insurance$540$3,892-$4,432
Fees for Services Other$3,900--$3,900
Advertising$230$719-$949
Conferences and Meetings-$138-$138
Total Functional Expenses$667,043$137,663$0$804,706

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$876,681
Expenses per Audited Statements$804,706
Total Expenses per Form 990$804,706
Expenses Not Reported on Form 990$71,975
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Four Directions Development CorpOrono, ME501(c)(3)Micro business counseling$9,500
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 Affiliate$422,722
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 4

“During FY 2015, the Organization amended its bylaws to add 2 additional members to the Board of Directors.”

Form 990, Part VI, Section B, line 11

“A draft of the MaineStream Finance Form 990 is presented to the Finance Committee by Penquis Chief Financial Officer, Denice Conary. The Committee as designated by the Penquis Board of Directors unanimously approves the filing of the tax return.”

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

“No person shall be at once an employee of the corporation and a member of the Board of Directors. No person may serve as a member of the Board of Directors while that person's husband, wife, child, sibling or parent is an employee of the corporation. Members of the Board of Directors may not apply for employment with the corporation, its subsidiaries or delegates. Board of Directors may not directly or indirectly solicit or accept gratuities of a monetary value from any recipient of the corporation's services or from any organization with which the corporation has a contractual relationship. Board of Directors may not have a financial conflict of interest with the agency. Board of Directors may not receive compensation for serving on the Board of Directors. Board of Directors members shall operate as an entity independent of staff employed by the agency. MaineStream Finance also has a specific Conflict of Interest Policy which further defines the corporate policy and related practices.”

Form 990, Part VI, Section B, line 15

“The CEO's compensation is determined by Human Resources of the parent organization utilizing an independent compensation survey which is completed every 3 years.”

Form 990, Part VI, Section C, line 19

“Governing documents, policies, and financial statements are made available to the public upon written request. The documents are copied and mailed to the requestor as soon as they are available.”

Filing and Contact Details

Filer

Filer Name
MaineStream Finance
EIN
01-0539222
Phone
2079733500
Address
PO Box 1162, Bangor, ME 04402-1162

Signing Officer

Name
Denice Conary
Title
Chief Financial Officer
Phone
2079733500
Signed
2016-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kara Hay
Formed
2000
Legal Domicile
Me
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
36 Pleasant Street, Bangor, ME 04401
Preparer
Barbara J McGuan CPA
Phone
2079421600
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipment

“Section 1.263(a)-3(n) Election: MaineStream Finance P.O. Box 1162 Bangor, ME 04402-1162 EIN: 01-0539222 MaineStream Finance is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

Financial Statement Notes

Part IV, Line 2B:

“The $119,302 represents loan escrow balances in aggregate collected monthly from the debtor to pay the real estate taxes and homeowners insurance on the property held as collateral.”

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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/Desc0ECONOMIC DEVELOPMENT: The economic development program of MaineStream Finance provides loans, education, and services to assist individuals to start small businesses and assist existing small businesses to grow. The Incubator Without Walls program is a comprehensive training program that helps entrepreneurs advance their business through increased knowledge and skills in a multitude of business areas. The program centers around group networking among participants rather than 1 on 1 business plan preparation or classroom work. The program includes pre-loan technical assistance, such as writing a business plan, cash flow analysis preparation, and, after the loan has been processed, ongoing support for running a small business. Business 101 classes are offered to prospective self-employed individuals and covers the basics of what it takes to start up a new micro-business. Classes include financial review, assistance with a business plan, foreclosure, debt management, budget and business cash flow counseling. Those businesses that are currently in operation are encouraged to attend the Incubator Without Walls program for classroom and networking support. MaineStream Finance loans funds to day care providers that are used to establish/expand child care businesses in order to create job opportunities for low-income individuals.
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IRS990/InsuranceGrp/TotalAmt04432
IRS990/InterestGrp/ManagementAndGeneralAmt01364
IRS990/InterestGrp/ProgramServicesAmt0119622
IRS990/InterestGrp/TotalAmt0120986
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0150044
IRS990/InventoriesForSaleOrUseGrp/EOYAmt034935
IRS990/InvestmentIncomeGrp/ExclusionAmt06034
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06034
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0300000
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016341
IRS990/LandBldgEquipBasisNetGrp/BOYAmt031806
IRS990/LandBldgEquipBasisNetGrp/EOYAmt035917
IRS990/LandBldgEquipCostOrOtherBssAmt052258
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To promote community development and perform all functions permitted as community development financial institution, primarily through financing activities servicing the low income targeted population of the state of Maine.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04044440
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04862715
IRS990/NetAssetsOrFundBalancesBOYAmt01624715
IRS990/NetAssetsOrFundBalancesEOYAmt01712289
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt05171
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt05171
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt017321
IRS990/OccupancyGrp/ProgramServicesAmt021730
IRS990/OccupancyGrp/TotalAmt039051
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06277
IRS990/OfficeExpensesGrp/ProgramServicesAmt017915
IRS990/OfficeExpensesGrp/TotalAmt024192
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02721
IRS990/OtherAssetsTotalGrp/EOYAmt0105080
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Allocation of Managemen
IRS990/OtherExpensesGrp/Desc1Bad Debt Expense
IRS990/OtherExpensesGrp/Desc2Miscellanous Expense
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036167
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt136892
IRS990/OtherExpensesGrp/ProgramServicesAmt0347912
IRS990/OtherExpensesGrp/ProgramServicesAmt180986
IRS990/OtherExpensesGrp/ProgramServicesAmt218103
IRS990/OtherExpensesGrp/TotalAmt0384079
IRS990/OtherExpensesGrp/TotalAmt180986
IRS990/OtherExpensesGrp/TotalAmt254995
IRS990/OtherLiabilitiesGrp/BOYAmt0304506
IRS990/OtherLiabilitiesGrp/EOYAmt0422722
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04422873
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04703409
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0439556
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0439719
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt08986
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016053
IRS990/PrincipalOfficerNm0Kara Hay
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0Loan Interest Income
IRS990/ProgramServiceRevenueGrp/Desc1Loan Servicing
IRS990/ProgramServiceRevenueGrp/Desc2Homebuyer Education
IRS990/ProgramServiceRevenueGrp/Desc3Economic Development
IRS990/ProgramServiceRevenueGrp/Desc4Foreclosure Prevention
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0281318
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt117479
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211424
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt35144
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43684
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0281318
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117479
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211424
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt35144
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43684
IRS990/ProgSrvcAccomActy2Grp/Desc0HOMEBUYER EDUCATION: Classes for individuals seeking to purchase a home to learn the process and calculations involved in loan processing, home owners insurance, escrows, home inspections, and all other aspects of a home purchase.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt013019
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt011424
IRS990/ProgSrvcAccomActy3Grp/Desc0LOAN SERVICING: MaineStream Finance offers loans to those who can not qualify for other loan products at an affordable rate. First mortgage loans are available to purchase, rehabilitate or refinance residential owner-occupied properties. Through education programs, MaineStream Finance fosters successful homeownership, entrepreneurship, and wealth creation. Financial counseling occurs pre- and post-loan closing. If borrowers qualify for USDA/RD loans and /or Maine Housing's loans, MaineStream Finance encourages and assists them to apply for those products if appropriate.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0381220
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0298797
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FORECLOSURE PREVENTION: Foreclosure prevention counseling is offered to help individuals prepare a plan that will assist them to retain their homes. Counseling includes: how to deal with the lender, letters to and from lenders and how to act on them, as well as various methods to suggest to lenders to rectify any mortgage arrears, and how to become current and in good standing again.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt065
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt03684
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0805420
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt059234
IRS990/PYOtherExpensesAmt0963160
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0317062
IRS990/PYRevenuesLessExpensesAmt0218556
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0963160
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01181716
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt087574
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0750
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05144
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01444843
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02173977
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0562026
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0805420
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0760086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0251763
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0280885
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02660180
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06034
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04756
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03245
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01715
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017686
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01347818
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99340
IRS990ScheduleA/PublicSupportPY170Pct00.99410
IRS990ScheduleA/PublicSupportTotal170Amt02660180
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0562026
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0805420
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0760086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0251763
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0280885
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02660180
IRS990ScheduleA/TotalSupportAmt02677866
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/AgentTrusteeEtcInd00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt071975
IRS990ScheduleD/DonatedServicesUseFcltsAmt071975
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05200
IRS990ScheduleD/ExpensesNotReportedAmt071975
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0804706
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt035917
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt011141
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt047058
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0422722
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Affiliate
IRS990ScheduleD/RevenueNotReportedAmt071975
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0892280
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The $119,302 represents loan escrow balances in aggregate collected monthly from the debtor to pay the real estate taxes and homeowners insurance on the property held as collateral.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035917
IRS990ScheduleD/TotalExpensesPerForm990Amt0804706
IRS990ScheduleD/TotalLiabilityAmt0422722
IRS990ScheduleD/TotalRevenuePerForm990Amt0892280
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0964255
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0876681
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt05505
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Investment in micro entrepreneurs
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt015
IRS990ScheduleI/RecipientTable/CashGrantAmt09500
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Micro business counseling
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Four Directions Development Corp
IRS990ScheduleI/RecipientTable/RecipientEIN0010544468
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt020 Godfrey Drive
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Orono
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004473
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Receipients of grant awards are all required to operate within the limits of a signed agreement which incorporates all federal and state requirements of the original grant award. Reports and monitoring visits are made as required and necessary to assure compliance with grant requirements.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,482,330
Liabilities
$5,770,041
Net assets
$1,712,289
Revenue
$892,280
Expenses
$804,706
Net income
$87,574
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.47$4.63$2.84$0.62$0.51$0.11
2023Detailed filing. Detailed filing data is available for this year.$6.91$4.17$2.74$0.48$0.58$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.73$3.90$2.84$1.44$0.64$0.80
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.92$4.89$2.04$1.59$0.70$0.89
2020Detailed filing. Detailed filing data is available for this year.$5.93$4.79$1.15$0.66$0.61$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.82$4.71$1.10$0.68$0.86$0.17
2018Detailed filing. Detailed filing data is available for this year.$5.44$4.16$1.27$0.81$0.90$0.09
2017Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$5.51$4.14$1.37$0.66$0.80$0.14
2016Detailed filing. Detailed filing data is available for this year.$6.68$5.17$1.51$0.75$0.96$0.21
2015Detailed filing. Detailed filing data is available for this year.$7.48$5.77$1.71$0.89$0.80$0.09
2014Detailed filing. Detailed filing data is available for this year.$6.17$4.55$1.62$1.18$0.96$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.98$3.57$1.41$1.08$0.60$0.48
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$2.92$0.93$0.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$1.94$0.95$0.55
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$1.36$1.05$0.31