Civic Intelligence

Maple Housing Development Fund Corporation

990EZ • Fiscal year 2018 • EIN 46-4139620

Jan 01, 2018 to Dec 31, 2018 • Filed on Jan 28, 2019

261 Gorham RoadSouth Portland, ME 04106

(207) 774-6989

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

53rd percentile

2.3%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-94%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$493,463

Up $11,225 (+2.3%) from 2017

Net Assets

Up

$493,463

Up $11,225 (+2.3%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$11,225

Down $170,947 (-94%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Down

$11,225

Down $170,947 (-94%) from 2017

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $202,470Liabilities 2015: $0Net Assets 2015: $202,4702015Assets 2016: $300,066Liabilities 2016: $0Net Assets 2016: $300,0662016Assets 2017: $482,238Liabilities 2017: $0Net Assets 2017: $482,2382017Assets 2018: $493,463Liabilities 2018: $0Net Assets 2018: $493,4632018Assets 2019: $574,871Liabilities 2019: $0Net Assets 2019: $574,8712019Assets 2020: $587,821Liabilities 2020: $0Net Assets 2020: $587,8212020Assets 2021: $600,771Liabilities 2021: $0Net Assets 2021: $600,7712021Assets 2022: $613,721Liabilities 2022: $0Net Assets 2022: $613,7212022Assets 2023: $626,671Liabilities 2023: $0Net Assets 2023: $626,6712023Assets 2024: $639,621Liabilities 2024: $0Net Assets 2024: $639,6212024Assets 2025: $652,571Liabilities 2025: $0Net Assets 2025: $652,5712025

Highlighted filing

2018

Assets$493,463
Liabilities$0
Net Assets$493,463

Operations Trend

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

$300K$200K$100K$0Revenue 2015: $202,470Expenses 2015: $0Net Income 2015: $202,4702015Revenue 2016: $97,596Expenses 2016: $0Net Income 2016: $97,5962016Revenue 2017: $182,172Expenses 2017: $0Net Income 2017: $182,1722017Revenue 2018: $11,225Expenses 2018: $0Net Income 2018: $11,2252018Revenue 2019: $81,408Expenses 2019: $0Net Income 2019: $81,4082019Revenue 2020: $12,950Expenses 2020: $0Net Income 2020: $12,9502020Revenue 2021: $12,950Expenses 2021: $0Net Income 2021: $12,9502021Revenue 2022: $12,950Expenses 2022: $0Net Income 2022: $12,9502022Revenue 2023: $12,950Expenses 2023: $0Net Income 2023: $12,9502023Revenue 2024: $12,950Expenses 2024: $0Net Income 2024: $12,9502024Revenue 2025: $12,950Expenses 2025: $0Net Income 2025: $12,9502025

Highlighted filing

2018

Revenue$11,225
Expenses$0
Net Income$11,225
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jan 28, 2019
Return Version
2018v3.1
Gross Receipts
$11,225
Mission and Program Overview

Mission

The mission of Maple Housing Development Fund Corporation is to develop, on a non-profit basis, a housing project for persons of low income.

Develop, on a non-profit basis, a housing project for persons of low income.

Program Services

DescriptionGrantsExpenses
Maple Housing Development Fund Corporation supports the work of Maple Green, L.P. in renovating and redeveloping Maple Court Apartments, an affordable housing development in Watertown, NY. To accomplish this purpose, Maple Housing Development Fund Corporation has provided a loan of its New York State Energy and Research Development Authority Grant to its designee, Maple Green, L.P. Maple Housing Development Fund Corporation continues to allow Maple Green, L.P. to use these funds as tax-exempt interest accrues on the loan balance.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Craig H WinkelmanDirector-$0--
Charles E AllenPresident-$0--
William A HoulihanTreasurer-$0--
Brian M PoulinSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Maple Housing Development Fund
EIN
46-4139620
Phone
2077746989
Address
261 Gorham Road, South Portland, ME 04106

Signing Officer

Name
William A Houlihan
Title
Treasurer
Phone
2077746989
Signed
2019-01-28
Discuss with paid preparer
Yes

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Nicholas E Porto
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

Description: Interest Income. Amount: 11,225.

Form 990-EZ, Part II, Line 24 - Other Assets

Description: Loan Receivable. Beg. of Year Amount: 482,238. End of Year Amount: 493,463.

Raw XML Appendix161 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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IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0William A Houlihan
IRS990EZ/BooksInCareOfDetail/PhoneNum02077746989
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0South Portland
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Craig H Winkelman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Charles E Allen
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2William A Houlihan
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Brian M Poulin
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Develop, on a non-profit basis, a housing project for persons of low income.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Maple Housing Development Fund Corporation supports the work of Maple Green, L.P. in renovating and redeveloping Maple Court Apartments, an affordable housing development in Watertown, NY. To accomplish this purpose, Maple Housing Development Fund Corporation has provided a loan of its New York State Energy and Research Development Authority Grant to its designee, Maple Green, L.P. Maple Housing Development Fund Corporation continues to allow Maple Green, L.P. to use these funds as tax-exempt interest accrues on the loan balance.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TotalRevenueAmt011225
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IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0216270
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt197595
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt223911
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3155686
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Maple Green LP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1Maple Green LP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt2Maple Green LP
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt3Speak Easy GP
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt192000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt223000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3150000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Greater than 35% controlled entity of MPHDFC board members
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Greater than 35% controlled entity of MPHDFC board members
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3Greater than 35% controlled entity of MPHDFC board members
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Maple Green, LP and Speak Easy, GP received loans from Maple Housing Development Fund Corporation for the purpose of developing low income housing projects in New York state. Maple Green's general partner is Green Steel, LLC, which owns 0.01% of Maple Green, LP. Evergreen Partners II, LLC is the sole shareholder of Green Steel, LLC, effectively making Evergreen Partners II, LLC the general partner of Maple Green, LP with a 0.01% ownership interest. Speak Easy, GP is 100% owned by Evergreen Partners II, LLC. Maple Housing Development Fund Corporation's board members, Charles E. Allen, William A. Houlihan, and Brian M. Poulin collectively own 100% of Evergreen Partners II, LLC. Maple Housing Development Fund Corporation's board members effectively and indirectly control 100% of Evergreen Partners II, LLC's ownership interest of 0.01% in Maple Green, LP and Speak Easy, GP, and thus have less than 35% control interest in the two entities. Nevertheless, a disqualified person(s) relationship still exists due to IRS provisions governing general partner relationships, and therefore this transaction is being disclosed in Schedule L, Part II in accordance with those guidelines. However, the terms of the notes with Maple Green, LP and Speak Easy, GP bear interest at the Applicable Federal Rate or market rate and therefore do not constitute a below market rate loan. Furthermore, all proceeds of the loans were used by Maple Green, LP and Speak Easy, GP to further Maple Housing Development Fund Corporation's tax-exempt purpose related to the development of low-income housing projects in the state of New York.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part II:
IRS990ScheduleL/TotalBalanceDueAmt0493462
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest Income. Amount: 11,225.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Loan Receivable. Beg. of Year Amount: 482,238. End of Year Amount: 493,463.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24 - Other Assets
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0William A Houlihan
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum02077746989
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Maple Housing Development Fund
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation
ReturnHeader/Filer/BusinessNameControlTxt0MAPL
ReturnHeader/Filer/EIN0464139620
ReturnHeader/Filer/PhoneNum02077746989
ReturnHeader/Filer/USAddress/AddressLine1Txt0261 Gorham Road
ReturnHeader/Filer/USAddress/CityNm0South Portland
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004106
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId03452BD8595D9AC820B41F271E29CE8BF50AD3EDC
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.105.168.164
ReturnHeader/FilingSecurityInformation/IPDt02019-01-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm012:22:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010494526
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Baker Newman & Noyes
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 507
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Portland
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd004112
ReturnHeader/PreparerPersonGrp/PhoneNum02078792100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Nicholas E Porto
ReturnHeader/ReturnTs02019-03-11T06:12:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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Filings