Civic Intelligence

Ashland Housing Corporation

EIN 23-7383099 • 501(c)4 • Caribou, ME

Profile

Low income housing for the elderly

137 Bennett Drive Rm/Ste 2Caribou, ME 04736
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.93x

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

501(c)4 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

1.23x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Net Margin

37th percentile

-4.5%

Higher net margin than 37% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

-3.6%

Faster asset growth than 44% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

6.5%

Faster revenue growth than 62% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$398,550

Down $31,419 (-7.3%) from 2023

Liabilities

Down

$368,795

Down $18,003 (-4.7%) from 2023

Net Assets

Down

$29,755

Down $13,416 (-31%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin37th percentile

Revenue

Down

$299,138

Down $748 (-0.2%) from 2023

Expenses

Up

$312,553

Up $41,257 (+15%) from 2023

Net Income

Down

-$13,415

Down $42,005 (-147%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2015: $595,627Liabilities 2015: $534,202Net Assets 2015: $61,4252015Assets 2016: $577,919Liabilities 2016: $520,044Net Assets 2016: $57,8752016Assets 2017: $551,159Liabilities 2017: $506,062Net Assets 2017: $45,0972017Assets 2018: $520,754Liabilities 2018: $490,362Net Assets 2018: $30,3922018Assets 2019: $489,021Liabilities 2019: $472,425Net Assets 2019: $16,5962019Assets 2020: $460,406Liabilities 2020: $453,798Net Assets 2020: $6,6082020Assets 2021: $436,548Liabilities 2021: $434,195Net Assets 2021: $2,3532021Assets 2022: $428,791Liabilities 2022: $414,211Net Assets 2022: $14,5802022Assets 2023: $429,969Liabilities 2023: $386,798Net Assets 2023: $43,1712023Assets 2024: $398,550Liabilities 2024: $368,795Net Assets 2024: $29,7552024

Highlighted filing

2024

Assets$398,550
Liabilities$368,795
Net Assets$29,755
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2015: $227,519Expenses 2015: $250,302Net Income 2015: -$22,7832015Revenue 2016: $230,284Expenses 2016: $233,831Net Income 2016: -$3,5472016Revenue 2017: $227,886Expenses 2017: $240,665Net Income 2017: -$12,7792017Revenue 2018: $230,518Expenses 2018: $245,222Net Income 2018: -$14,7042018Revenue 2019: $229,835Expenses 2019: $243,631Net Income 2019: -$13,7962019Revenue 2020: $234,237Expenses 2020: $244,226Net Income 2020: -$9,9892020Revenue 2021: $232,282Expenses 2021: $236,534Net Income 2021: -$4,2522021Revenue 2022: $263,713Expenses 2022: $251,487Net Income 2022: $12,2262022Revenue 2023: $299,886Expenses 2023: $271,296Net Income 2023: $28,5902023Revenue 2024: $299,138Expenses 2024: $312,553Net Income 2024: -$13,4152024

Highlighted filing

2024

Revenue$299,138
Expenses$312,553
Net Income-$13,415
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$398,550
Liabilities
$368,795
Net assets
$29,755
Revenue
$299,138
Expenses
$312,553
Net income
-$13,415
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.99$3.69$0.30$2.99$3.13$0.13
2023Detailed filing. Detailed filing data is available for this year.$4.30$3.87$0.43$3.00$2.71$0.29
2022Detailed filing. Detailed filing data is available for this year.$4.29$4.14$0.15$2.64$2.51$0.12
2021Detailed filing. Detailed filing data is available for this year.$4.37$4.34$0.02$2.32$2.37$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.60$4.54$0.07$2.34$2.44$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.89$4.72$0.17$2.30$2.44$0.14
2018Detailed filing. Detailed filing data is available for this year.$5.21$4.90$0.30$2.31$2.45$0.15
2017Detailed filing. Detailed filing data is available for this year.$5.51$5.06$0.45$2.28$2.41$0.13
2016Detailed filing. Detailed filing data is available for this year.$5.78$5.20$0.58$2.30$2.34$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.96$5.34$0.61$2.28$2.50$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 17, 2025
Return Version
2024v5.0
Gross Receipts
$299,138
Mission and Program Overview

Mission

Low income housing for the elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$208,347$205,335▼ $3,012
Land, Buildings, and Equipment, Net$217,264$189,021▼ $28,243
Intangible Assets$2,289$2,125▼ $164
Accounts Receivable$2,069$2,069→ $0
Total Assets$429,969$398,550▼ $31,419
Liabilities
Mortgage Notes Payable Secured by Investment Property$374,888$356,025▼ $18,863
Other Liabilities$11,910$12,770▲ $860
Total Liabilities$386,798$368,795▼ $18,003
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$43,171$29,755▼ $13,416
Total Net Assets Fund Balance$43,171$29,755▼ $13,416
Total Liabilities and Net Assets / Fund Balance$429,969$398,550▼ $31,419

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$184,721$840,325$1,025,046
Equipment-$95,122$95,122
Land$4,300-$4,300
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Annice BoylesPresident
Shawn PelletierManagement a
Joan GoodbloodSecretary/tr
Rolinda ChicoineVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$294,940
Investment Income
$4,198
Other Revenue
$0
Change in Net Assets
$-13,415
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$312,553
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
Occupancy$87,091--$87,091
Depreciation Depletion$28,408--$28,408
Interest$21,537--$21,537
Other Expenses$6,560--$6,560
All Other Expenses$5,021--$5,021
Fees for Services Accounting$1,375--$1,375
Total Functional Expenses$312,553$0$0$312,553
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Restricted Security Deposits$12,770
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Board of directors has contracted with cs management inc. For all management functions”

Form 990, Page 6, Part VI, Line 11B

“Board of directors has authorized management agent to reveiw, approve and file form 990”

Form 990, Page 6, Part VI, Line 19

“Documents available upon request”

Filing and Contact Details

Filer

Filer Name
Ashland Housing Corporation
EIN
23-7383099
Phone
2074988332
Address
137 BENNETT DRIVE RM/STE 2, CARIBOU, ME 04736

Signing Officer

Name
Shawn Pelletier
Title
Management Agent
Phone
2074988332
Signed
2025-10-17

Organization Details

Principal Officer
Shawn Pelletier
Formed
1975
Legal Domicile
Me
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Chester M Kearney Pa
Address
PO BOX 1550, PRESQUE ISLE, ME 04769
Preparer
Timothy P Poitras
Phone
2077643171
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 1 rounding -2 total -1”

Raw XML Appendix281 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.

Path#Value
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ReturnHeader/ReturnTs02025-11-13T13:33:21-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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