Civic Intelligence

The Housing Foundation - M & D

990 • Fiscal year 2022 • EIN 22-3090975

Oct 01, 2021 to Sep 30, 2022 • Filed on Jan 11, 2023

353 Main StreetOrono, ME 04473

(207) 866-4634

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

29th percentile

0.02x

Higher debt load relative to revenue than 29% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

66th percentile

16%

Higher net margin than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

63rd percentile

$88,261

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

0.6%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$3,133,048

Up $460,260 (+17%) from 2021

Net Assets

Up

$3,088,991

Up $469,869 (+18%) from 2021

Liabilities

Down

$44,057

Down $9,609 (-18%) from 2021

Revenue

Up

$2,829,758

Up $17,801 (+0.6%) from 2021

Expenses

Up

$2,365,435

Up $159,973 (+7.3%) from 2021

Net Income

Down

$464,323

Down $142,172 (-23%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,762,223Liabilities 2011: $681,020Net Assets 2011: $1,081,2032011Assets 2012: $1,757,565Liabilities 2012: $625,572Net Assets 2012: $1,131,9932012Assets 2013: $1,871,377Liabilities 2013: $707,552Net Assets 2013: $1,163,8252013Assets 2014: $1,873,322Liabilities 2014: $587,878Net Assets 2014: $1,285,4442014Assets 2015: $2,010,899Liabilities 2015: $589,256Net Assets 2015: $1,421,6432015Assets 2016: $2,064,327Liabilities 2016: $515,075Net Assets 2016: $1,549,2522016Assets 2017: $2,113,862Liabilities 2017: $441,349Net Assets 2017: $1,672,5132017Assets 2018: $2,089,176Liabilities 2018: $336,675Net Assets 2018: $1,752,5012018Assets 2019: $2,149,843Liabilities 2019: $272,061Net Assets 2019: $1,877,7822019Assets 2020: $2,457,294Liabilities 2020: $463,730Net Assets 2020: $1,993,5642020Assets 2021: $2,672,788Liabilities 2021: $53,666Net Assets 2021: $2,619,1222021Assets 2022: $3,133,048Liabilities 2022: $44,057Net Assets 2022: $3,088,9912022Assets 2023: $3,732,139Liabilities 2023: $384,669Net Assets 2023: $3,347,4702023Assets 2024: $4,057,010Liabilities 2024: $406,856Net Assets 2024: $3,650,1542024Assets 2025: $4,116,886Liabilities 2025: $373,886Net Assets 2025: $3,743,0002025

Highlighted filing

2022

Assets$3,133,048
Liabilities$44,057
Net Assets$3,088,991

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $1,869,992Expenses 2011: $1,780,694Net Income 2011: $89,2982011Expenses 2012: $1,845,6722012Expenses 2013: $2,007,2552013Revenue 2014: $2,206,537Expenses 2014: $2,084,918Net Income 2014: $121,6192014Revenue 2015: $2,404,188Expenses 2015: $2,267,989Net Income 2015: $136,1992015Revenue 2016: $2,489,652Expenses 2016: $2,362,043Net Income 2016: $127,6092016Revenue 2017: $2,346,041Expenses 2017: $2,222,780Net Income 2017: $123,2612017Revenue 2018: $2,359,676Expenses 2018: $2,335,838Net Income 2018: $23,8382018Revenue 2019: $2,395,146Expenses 2019: $2,268,720Net Income 2019: $126,4262019Revenue 2020: $2,382,841Expenses 2020: $2,253,731Net Income 2020: $129,1102020Revenue 2021: $2,811,957Expenses 2021: $2,205,462Net Income 2021: $606,4952021Revenue 2022: $2,829,758Expenses 2022: $2,365,435Net Income 2022: $464,3232022Revenue 2023: $2,895,028Expenses 2023: $2,637,063Net Income 2023: $257,9652023Revenue 2024: $3,159,984Expenses 2024: $2,868,226Net Income 2024: $291,7582024Revenue 2025: $3,232,563Expenses 2025: $3,137,355Net Income 2025: $95,2082025

Highlighted filing

2022

Revenue$2,829,758
Expenses$2,365,435
Net Income$464,323
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jan 11, 2023
Return Version
2021v4.2
Gross Receipts
$2,834,466
Mission and Program Overview

Mission

Primarily, to provide low-income housing and the related management services. Secondarily, to provide child care services.

To provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,619,122$3,088,991▲ $469,869
Cash and Non-Interest-Bearing Accounts$1,753,897$2,124,933▲ $371,036
Land, Buildings, and Equipment, Net$783,857$792,662▲ $8,805
Accounts Receivable$101,803$165,509▲ $63,706
Prepaid Expenses and Deferred Charges$32,990$49,944▲ $16,954
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,672,788$3,133,048▲ $460,260
Other Assets Total$241--
Liabilities
Accounts Payable and Accrued Expenses$26,207$40,382▲ $14,175
Mortgage Notes Payable Secured by Investment Property$27,459$3,675▼ $23,784
Total Liabilities$53,666$44,057▼ $9,609
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,619,122$3,088,991▲ $469,869
Total Liabilities and Net Assets / Fund Balance$2,672,788$3,133,048▲ $460,260

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$476,929$1,256,317-
Land$136,995--
Equipment$95,962$286,649-
Leasehold Improvements$82,776$347,594-
Compensation and Service Providers

Employees

NameTitleBaseTotal
Duska HaymanExecutive Director$88,261$88,261

Board Members and Trustees

NameTitle
John MccormackPresident
Elizabeth BicknellVice-president
Dan BurkeDirector
Dick RollinsDirector
Judy WhitneyDirector
Kerry SackDirector
Susan SullivanDirector
Patty KennySecretary
Lynne SpoonerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$232,053
Program Service Revenue
$2,599,812
Investment Income
$-2,107
Other Revenue
$0
Change in Net Assets
$464,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,701,196
Other Expenses$664,239
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,181,678--$1,181,678
Other Employee Benefits$264,810--$264,810
All Other Expenses$133,417--$133,417
Payroll Taxes$100,314--$100,314
Current Officers, Directors, Trustees, and Key Employees$88,261--$88,261
Insurance$80,156--$80,156
Depreciation Depletion$75,024--$75,024
Pension Plan Contributions$66,133--$66,133
Office Expenses$54,663--$54,663
Fees for Services Management$25,740--$25,740
Other Expenses$25,569--$25,569
Fees for Services Accounting$9,100--$9,100
Advertising$6,974--$6,974
Conferences and Meetings$3,523--$3,523
Fees for Services Legal$2,765--$2,765
Interest$1,874--$1,874
Total Functional Expenses$2,365,435$0$0$2,365,435
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The chief financial officer and the executive director review and approve the 990. A copy of the 990 is provided upon request.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Housing Foundation - M & D
EIN
22-3090975
Phone
2078664634
Address
353 MAIN STREET, ORONO, ME 04473

Signing Officer

Name
Duska Hayman
Title
Executive Director
Phone
2078664634
Signed
2023-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Duska Hayman
Formed
1969
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
43
Volunteers
0

Preparer

Firm
Ouellette & Associates Pa
Address
1111 LISBON STREET, LEWISTON, ME 04240
Preparer
C Joseph Wolverton Jr CPA
Phone
2077860328
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IRS990/ProgramServiceRevenueGrp/Desc3MANAGEMENT FEE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02055687
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1254908
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2133438
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33229
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02055687
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1254908
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2133438
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33229
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0231549
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01205
IRS990/PYOtherExpensesAmt0547152
IRS990/PYOtherRevenueAmt0325300
IRS990/PYProgramServiceRevenueAmt02253903
IRS990/PYRevenuesLessExpensesAmt0606495
IRS990/PYSalariesCompEmpBnftPaidAmt01658310
IRS990/PYTotalExpensesAmt02205462
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02811957
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0464323
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02595104
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02619122
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03088991
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0232053
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0231284
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0218826
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0220170
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0189153
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01091486
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02601
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01205
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03335
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt05151
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01739
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02599812
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02253903
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02130380
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02170442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02168784
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011323321
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02601
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01205
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03335
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05151
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01739
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014031
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt012414807
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02831865
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02485187
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02349206
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02390612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02357937
IRS990ScheduleA/Total509Grp/TotalAmt012414807
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02834466
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02486392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02352541
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02395763
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02359676
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012428838
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/BookValueAmt0476929
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01256317
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt01733246
IRS990ScheduleD/EquipmentGrp/BookValueAmt095962
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0286649
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0382611
IRS990ScheduleD/LandGrp/BookValueAmt0136995
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0136995
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt082776
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0347594
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0430370
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0792662
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CHIEF FINANCIAL OFFICER AND THE EXECUTIVE DIRECTOR REVIEW AND APPROVE THE 990. A COPY OF THE 990 IS PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02672788
IRS990/TotalAssetsEOYAmt03133048
IRS990/TotalAssetsGrp/BOYAmt02672788
IRS990/TotalAssetsGrp/EOYAmt03133048
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0232053
IRS990/TotalEmployeeCnt043
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02365435
IRS990/TotalFunctionalExpensesGrp/TotalAmt02365435
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt053666
IRS990/TotalLiabilitiesEOYAmt044057
IRS990/TotalLiabilitiesGrp/BOYAmt053666
IRS990/TotalLiabilitiesGrp/EOYAmt044057
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02619122
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03088991
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0152550
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0152550
IRS990/TotalProgramServiceExpensesAmt02365435
IRS990/TotalProgramServiceRevenueAmt02599812
IRS990/TotalReportableCompFromOrgAmt088261
IRS990/TotalRevenueGrp/ExclusionAmt02601
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02595104

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.12$0.37$3.74$3.23$3.14$0.10
2024Detailed filing. Detailed filing data is available for this year.$4.06$0.41$3.65$3.16$2.87$0.29
2023Detailed filing. Detailed filing data is available for this year.$3.73$0.38$3.35$2.90$2.64$0.26
2022Detailed filing. Detailed filing data is available for this year.$3.13$0.04$3.09$2.83$2.37$0.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$0.05$2.62$2.81$2.21$0.61
2020Detailed filing. Detailed filing data is available for this year.$2.46$0.46$1.99$2.38$2.25$0.13
2019Detailed filing. Detailed filing data is available for this year.$2.15$0.27$1.88$2.40$2.27$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.09$0.34$1.75$2.36$2.34$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.44$1.67$2.35$2.22$0.12
2016Detailed filing. Detailed filing data is available for this year.$2.06$0.52$1.55$2.49$2.36$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.01$0.59$1.42$2.40$2.27$0.14
2014Detailed filing. Detailed filing data is available for this year.$1.87$0.59$1.29$2.21$2.08$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.87$0.71$1.16$2.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.63$1.13$1.85
2011Summary only. Only limited summary data is available for this year.$1.76$0.68$1.08$1.87$1.78$0.09