Civic Intelligence

The Housing Foundation-Phase I & II

990 • Fiscal year 2017 • EIN 23-7046663

Oct 01, 2016 to Sep 30, 2017 • Filed on Nov 29, 2017

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

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

66th percentile

0.24x

Higher debt load relative to revenue than 66% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

80th percentile

23%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

38th percentile

$19,453

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

63rd percentile

8.1%

Faster asset growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

54th percentile

6.2%

Faster revenue growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$4,028,303

Up $300,173 (+8.1%) from 2016

Net Assets

Up

$3,575,420

Up $443,579 (+14%) from 2016

Liabilities

Down

$452,883

Down $143,406 (-24%) from 2016

Revenue

Up

$1,900,859

Up $110,709 (+6.2%) from 2016

Expenses

Down

$1,457,280

Down $73,934 (-4.8%) from 2016

Net Income

Up

$443,579

Up $184,643 (+71%) from 2016

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $2,088,330Liabilities 2010: $587,770Net Assets 2010: $1,500,5602010Assets 2011: $2,131,481Liabilities 2011: $278,163Net Assets 2011: $1,853,3182011Assets 2012: $2,280,603Liabilities 2012: $184,017Net Assets 2012: $2,096,5862012Assets 2013: $2,608,547Liabilities 2013: $246,948Net Assets 2013: $2,361,5992013Assets 2015: $3,599,858Liabilities 2015: $726,953Net Assets 2015: $2,872,9052015Assets 2016: $3,728,130Liabilities 2016: $596,289Net Assets 2016: $3,131,8412016Assets 2017: $4,028,303Liabilities 2017: $452,883Net Assets 2017: $3,575,4202017Assets 2018: $4,138,357Liabilities 2018: $266,478Net Assets 2018: $3,871,8792018Assets 2020: $4,741,988Liabilities 2020: $156,222Net Assets 2020: $4,585,7662020Assets 2021: $5,127,392Liabilities 2021: $212,061Net Assets 2021: $4,915,3312021Assets 2022: $5,226,993Liabilities 2022: $228,233Net Assets 2022: $4,998,7602022Assets 2025: $6,215,952Liabilities 2025: $190,938Net Assets 2025: $6,025,0142025

Highlighted filing

2017

Assets$4,028,303
Liabilities$452,883
Net Assets$3,575,420

Operations Trend

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,383,6032010Expenses 2011: $1,528,2032011Expenses 2012: $1,521,8532012Expenses 2013: $1,518,1952013Revenue 2015: $1,819,127Expenses 2015: $1,557,346Net Income 2015: $261,7812015Revenue 2016: $1,790,150Expenses 2016: $1,531,214Net Income 2016: $258,9362016Revenue 2017: $1,900,859Expenses 2017: $1,457,280Net Income 2017: $443,5792017Revenue 2018: $1,824,631Expenses 2018: $1,528,172Net Income 2018: $296,4592018Revenue 2020: $1,964,742Expenses 2020: $1,507,914Net Income 2020: $456,8282020Revenue 2021: $1,935,913Expenses 2021: $1,606,348Net Income 2021: $329,5652021Revenue 2022: $1,967,341Expenses 2022: $1,883,912Net Income 2022: $83,4292022Revenue 2025: $2,294,268Expenses 2025: $2,042,366Net Income 2025: $251,9022025

Highlighted filing

2017

Revenue$1,900,859
Expenses$1,457,280
Net Income$443,579
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Nov 29, 2017
Return Version
2016v3.0
Gross Receipts
$1,900,859
Mission and Program Overview

Mission

To provide low-income housing.

To provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,772,256$2,820,456▲ $48,200
Savings and Temporary Cash Investments$434,068$765,802▲ $331,734
Cash and Non-Interest-Bearing Accounts$410,905$333,841▼ $77,064
Prepaid Expenses and Deferred Charges$100,795$101,452▲ $657
Accounts Receivable$10,106$6,752▼ $3,354
Total Assets$3,728,130$4,028,303▲ $300,173
Liabilities
Accounts Payable and Accrued Expenses$273,817$233,684▼ $40,133
Mortgage Notes Payable Secured by Investment Property$301,180$198,345▼ $102,835
Deferred Revenue$21,292$20,854▼ $438
Total Liabilities$596,289$452,883▼ $143,406
Net Assets / Fund Balance
Unrestricted Net Assets$3,131,841$3,575,420▲ $443,579
Total Net Assets Fund Balance$3,131,841$3,575,420▲ $443,579
Total Liabilities and Net Assets / Fund Balance$3,728,130$4,028,303▲ $300,173

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,683,988$6,349,712-
Land$62,700--
Equipment$73,768$162,084-
Compensation and Service Providers

Employees

NameTitleOtherTotal
Duska HaymanExecutive Director$19,453$19,453

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$538,674
Program Service Revenue
$1,282,765
Investment Income
$687
Other Revenue
$78,733
Change in Net Assets
$443,579
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,288,727
Salaries, Compensation, and Employee Benefits$168,553
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$199,552--$199,552
Other Salaries and Wages$116,755--$116,755
Fees for Services Management$110,714--$110,714
Insurance$96,772--$96,772
Payroll Taxes$32,345--$32,345
Fees for Services Accounting$24,903--$24,903
Office Expenses$19,582--$19,582
Current Officers, Directors, Trustees, and Key Employees$19,453--$19,453
All Other Expenses$18,716--$18,716
Other Expenses$11,819--$11,819
Interest$10,302--$10,302
Fees for Services Legal$2,990--$2,990
Advertising$460--$460
Total Functional Expenses$1,457,280$0$0$1,457,280
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
Yes
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 A, line 8B

There are no organization's with the power to act on behalf of the organization.

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

Form 990 is prepared by the accountant. It is then reviewed by the executive director and the bookkeeper. Upon their approval, form 990 is filed with the irs.

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-phase I & Ii
EIN
23-7046663
Phone
2078664634
Address
353 MAIN STREET, ORONO, ME 04473

Signing Officer

Name
Duska Hayman
Title
Executive Director
Phone
2078664634
Signed
2017-11-29
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
0
Volunteers
0

Preparer

Firm
Ouellette & Associates Pa
Address
1111 LISBON STREET, LEWISTON, ME 04240
Preparer
C Joseph Wolverton Jr CPA
Phone
2077860328
Supplemental Narrative

Financial Statement Notes

Form 990 Part IV 11F

Income Taxes The Housing Foundation Phases I & ii have been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Therefore, no provision for income taxes has been charged to operations in the current year. The Project is not a private foundation because it receives a substantial part of its support from a governmental unit. Management has determined that the Project does not have any uncertain tax positions and associated unrecognized benefits or liabilities that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Project?s tax returns will not be challenged by the taxing authorities and that the Project will not be subject to additional tax, penalties and interest as a result of such challenge. Generally, the Project?s tax returns remain subject to examination for three years after they were filed which includes the tax years ending September 30, 2013, 2014 and 2015.

Raw XML AppendixShowing 400 of 434 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/SavingsAndTempCashInvstGrp/BOYAmt0434068
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0765802
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0538674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0532979
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0523878
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0543972
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0548238
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02687741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0687
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0535
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0696
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0741
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0694
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03353
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01361498
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01256636
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01294553
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01256081
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01234276
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06403044
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0687
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0535
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0696
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0741
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03353
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt09090785
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01900172
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01789615
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01818431
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01800053
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01782514
IRS990ScheduleA/Total509Grp/TotalAmt09090785
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01900859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01790150
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01819127
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01800794
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01783208
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09094138
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/BookValueAmt02683988
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06349712
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt09033700
IRS990ScheduleD/EquipmentGrp/BookValueAmt073768
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0162084
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0235852
IRS990ScheduleD/LandGrp/BookValueAmt062700
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt062700
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income Taxes The Housing Foundation Phases I & ii have been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code. Therefore, no provision for income taxes has been charged to operations in the current year. The Project is not a private foundation because it receives a substantial part of its support from a governmental unit. Management has determined that the Project does not have any uncertain tax positions and associated unrecognized benefits or liabilities that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Project?s tax returns will not be challenged by the taxing authorities and that the Project will not be subject to additional tax, penalties and interest as a result of such challenge. Generally, the Project?s tax returns remain subject to examination for three years after they were filed which includes the tax years ending September 30, 2013, 2014 and 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART IV 11F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02820456
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO ORGANIZATION'S WITH THE POWER TO ACT ON BEHALF OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY THE ACCOUNTANT. IT IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOOKKEEPER. UPON THEIR APPROVAL, FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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 A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03728130
IRS990/TotalAssetsEOYAmt04028303
IRS990/TotalAssetsGrp/BOYAmt03728130
IRS990/TotalAssetsGrp/EOYAmt04028303
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0538674
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01457280
IRS990/TotalFunctionalExpensesGrp/TotalAmt01457280
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0596289
IRS990/TotalLiabilitiesEOYAmt0452883
IRS990/TotalLiabilitiesGrp/BOYAmt0596289
IRS990/TotalLiabilitiesGrp/EOYAmt0452883
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03131841
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03575420
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01457280
IRS990/TotalProgramServiceRevenueAmt01282765
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0687
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01361498
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01900859
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03728130
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04028303
IRS990/TotReportableCompRltdOrgAmt019453
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03131841
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03575420
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0353 MAIN STREET
IRS990/USAddress/CityNm0ORONO
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004473
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.22$0.19$6.03$2.29$2.04$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.23$0.23$5.00$1.97$1.88$0.08
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.13$0.21$4.92$1.94$1.61$0.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.74$0.16$4.59$1.96$1.51$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.14$0.27$3.87$1.82$1.53$0.30
2017Detailed filing. Detailed filing data is available for this year.$4.03$0.45$3.58$1.90$1.46$0.44
2016Detailed filing. Detailed filing data is available for this year.$3.73$0.60$3.13$1.79$1.53$0.26
2015Detailed filing. Detailed filing data is available for this year.$3.60$0.73$2.87$1.82$1.56$0.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.61$0.25$2.36$1.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.18$2.10$1.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.28$1.85$1.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.09$0.59$1.50$1.38