Civic Intelligence

Raise-Op Housing Cooperative

EIN 47-1739509 • 501(c)3 • Lewiston, ME

Profile

The mission of the raise-op is to operate safe and affordable housing that is democratically controlled by its members on a non-profit basis.

145 Pierce Street 102Lewiston, ME 04240

www.raiseop.com

Siviq Scores

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

Liabilities / Assets

61st percentile

0.14x

Higher debt load relative to assets than 61% of similar nonprofits.

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

Liabilities / Revenue

73rd percentile

0.30x

Higher debt load relative to revenue than 73% of similar nonprofits.

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

Net Margin

94th percentile

70%

Higher net margin than 94% of similar nonprofits.

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

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

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

Asset Growth

90th percentile

48%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

95th percentile

142%

Faster revenue growth than 95% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$2,684,580

Down $73,057 (-2.6%) from 2023

Liabilities

Down

$327,976

Down $11,082 (-3.3%) from 2023

Net Assets

Down

$2,356,604

Down $61,975 (-2.6%) from 2023

Operations
Liabilities / Revenue73rd percentileNet Margin94th percentile

Revenue

Down

$316,653

Down $624,646 (-66%) from 2023

Expenses

Up

$378,628

Up $72,368 (+24%) from 2023

Net Income

Down

-$61,975

Down $697,014 (-110%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth90th percentile

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

$3.0M$2.0M$1.0M$0Assets 2019: $879,355Liabilities 2019: $316,433Net Assets 2019: $562,9222019Assets 2020: $1,188,970Liabilities 2020: $279,612Net Assets 2020: $909,3582020Assets 2021: $1,404,454Liabilities 2021: $292,632Net Assets 2021: $1,111,8222021Assets 2022: $2,075,829Liabilities 2022: $292,289Net Assets 2022: $1,783,5402022Assets 2023: $2,757,637Liabilities 2023: $339,058Net Assets 2023: $2,418,5792023Assets 2024: $2,684,580Liabilities 2024: $327,976Net Assets 2024: $2,356,6042024

Highlighted filing

2024

Assets$2,684,580
Liabilities$327,976
Net Assets$2,356,604
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $205,066Expenses 2019: $209,956Net Income 2019: -$4,8902019Revenue 2020: $502,617Expenses 2020: $207,397Net Income 2020: $295,2202020Revenue 2021: $399,021Expenses 2021: $196,557Net Income 2021: $202,4642021Revenue 2022: $963,863Expenses 2022: $291,906Net Income 2022: $671,9572022Revenue 2023: $941,299Expenses 2023: $306,260Net Income 2023: $635,0392023Revenue 2024: $316,653Expenses 2024: $378,628Net Income 2024: -$61,9752024

Highlighted filing

2024

Revenue$316,653
Expenses$378,628
Net Income-$61,975
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$2,684,580
Liabilities
$327,976
Net assets
$2,356,604
Revenue
$316,653
Expenses
$378,628
Net income
-$61,975
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.68$0.33$2.36$0.32$0.38$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.76$0.34$2.42$0.94$0.31$0.64
2022Detailed filing. Detailed filing data is available for this year.$2.08$0.29$1.78$0.96$0.29$0.67
2021Detailed filing. Detailed filing data is available for this year.$1.40$0.29$1.11$0.40$0.20$0.20
2020Detailed filing. Detailed filing data is available for this year.$1.19$0.28$0.91$0.50$0.21$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.32$0.56$0.21$0.21$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 13, 2025
Return Version
2024v5.0
Gross Receipts
$316,653
Mission and Program Overview

Mission

The mission of the raise-op is to operate safe and affordable housing that is democratically controlled by its members on a non-profit basis.

To operate safe and affordable housing that is democratically controlled by its members on a non-profit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$930,876$931,876▲ $1,000
Land, Buildings, and Equipment, Net$893,243$853,184▼ $40,059
Investments Program Related$412,998$512,566▲ $99,568
Investments in Publicly Traded Securities$229,636$251,717▲ $22,081
Savings and Temporary Cash Investments$73,940$38,717▼ $35,223
Cash and Non-Interest-Bearing Accounts$24,856$29,545▲ $4,689
Prepaid Expenses and Deferred Charges$10,522$0▼ $10,522
Accounts Receivable$5,259$691▼ $4,568
Total Assets$2,757,637$2,684,580▼ $73,057
Other Assets Total$176,307$66,284▼ $110,023
Liabilities
Mortgage Notes Payable Secured by Investment Property$306,325$288,549▼ $17,776
Other Liabilities$29,682$31,085▲ $1,403
Accounts Payable and Accrued Expenses$3,051$8,342▲ $5,291
Total Liabilities$339,058$327,976▼ $11,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,418,579$2,356,604▼ $61,975
Total Net Assets Fund Balance$2,418,579$2,356,604▼ $61,975
Total Liabilities and Net Assets / Fund Balance$2,757,637$2,684,580▼ $73,057

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$741,520$268,285$1,009,805
Land$94,579-$94,579
Equipment$14,526$42,334$56,860
Other Land Buildings$2,559$5,947$8,506
Investment Program Related Org$99,568--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Shaad MasoodPresident (thru July)
Michael HerrmannPresident/secretary (from August)
Brendan AkersVice President (from August)
Lynnea HawkinsVice President (thru July)
Abdinajib MohamedDirector
Hilowle AdenDirector
Stuart BrownDirector
Zak AyerDirector (from July)
Ifraax SaciidTreasurer (from July)
Ronald FlanneryTreasurer (thru July)
Revenue and Support

Revenue Composition

Contributions and Grants
$85,475
Program Service Revenue
$180,011
Investment Income
$23,546
Other Revenue
$27,621
All Other Contributions
$85,475
Change in Net Assets
$-61,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,869
Salaries, Compensation, and Employee Benefits$112,761
Grants and Similar Amounts Paid$81,998
Total Fundraising Expense$11,411
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$105,727$639-$106,366
Other Salaries and Wages$72,941$11,689$8,884$93,514
Grants to Domestic Orgs$72,414--$72,414
Depreciation Depletion$41,902$423-$42,325
Insurance$15,413--$15,413
Other Employee Benefits$9,042$1,449$1,101$11,592
Grants to Domestic Individuals$9,584--$9,584
Fees for Services Other-$8,032-$8,032
Payroll Taxes$5,971$957$727$7,655
Office Expenses$4,571$916$557$6,044
Fees for Services Accounting-$3,037-$3,037
Conferences and Meetings$1,163$186$142$1,491
Information Technology$441$4-$445
Fees for Services Legal-$441-$441
Other Expenses-$275-$275
Total Functional Expenses$339,169$28,048$11,411$378,628
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kaydenz Kitchen Food Pantry IncLewiston, ME501(c)(3)Creation of Homeless Shelter$71,952
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$31,085
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“All residents of the three cooperative buildings are members of raise-op.”

Form 990, Part VI, Section A, Line 7A

“The members of raise-op have the right to elect the members of the governing body. The members of the governing body are elected on an annual basis and as vacancies arise.”

Form 990, Part VI, Section A, Line 7B

“Members must approve changes to articles of incorporation and by-laws, and may dissolve the corporation.”

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

“The prepared form 990 is reviewed by the cooperative development organizer and the treasurer before the return is filed with the irs.”

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

“Staff requires board members and officers to reaffirm that they have read the policy each year. In the event a director has a conflict of interest in any matter before the board, the remaining directors of the board by majority vote may require that director to recuse themselves from the matter, and shall always comply with the requirements of the irs standard conflict of interest policy.”

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
Raise-op Housing Cooperative
EIN
47-1739509
Phone
2072001596
Address
145 PIERCE STREET 102, LEWISTON, ME 04240

Signing Officer

Name
Michael Herrmann
Title
President
Phone
2072001596
Signed
2025-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Herrmann
Formed
2014
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
50

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Bruce Mayer CPA
Phone
6082744020
Raw XML AppendixShowing 400 of 509 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/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01101
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01449
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09042
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011592
IRS990/OtherExpensesGrp/Desc0DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0275
IRS990/OtherExpensesGrp/TotalAmt0275
IRS990/OtherLiabilitiesGrp/BOYAmt029682
IRS990/OtherLiabilitiesGrp/EOYAmt031085
IRS990/OtherRevenueTotalAmt027621
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08884
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011689
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt072941
IRS990/OtherSalariesAndWagesGrp/TotalAmt093514
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0930876
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0931876
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0727
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0957
IRS990/PayrollTaxesGrp/ProgramServicesAmt05971
IRS990/PayrollTaxesGrp/TotalAmt07655
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010522
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0MICHAEL HERRMANN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0180011
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0180011
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt039205
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050
IRS990/PYOtherExpensesAmt0201742
IRS990/PYOtherRevenueAmt07730
IRS990/PYProgramServiceRevenueAmt0894314
IRS990/PYRevenuesLessExpensesAmt0635039
IRS990/PYSalariesCompEmpBnftPaidAmt0104518
IRS990/PYTotalExpensesAmt0306260
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0941299
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-61975
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0180011
IRS990/SavingsAndTempCashInvstGrp/BOYAmt073940
IRS990/SavingsAndTempCashInvstGrp/EOYAmt038717
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt085475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt039205
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0715581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0252964
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0364812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01458037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt023546
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023710
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01641706
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.34150
IRS990ScheduleA/PublicSupportPY170Pct00.39920
IRS990ScheduleA/PublicSupportTotal170Amt0506037
IRS990ScheduleA/SubstantialContributorsTotAmt0952000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt085475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt039205
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0715581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0252964
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0364812
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01458037
IRS990ScheduleA/TotalSupportAmt01481747
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
IRS990ScheduleC/DirectContactLegislatorsAmt058
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd01
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0TESTIMONY TO LEGISLATORS FOR A STATE RENTAL ASSISTANCE PROGRAM.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt058
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0741520
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0268285
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01009805
IRS990ScheduleD/EquipmentGrp/BookValueAmt014526
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042334
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056860
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt079
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1412919
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt299568
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN ROHC GP 1 LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN ROHC GP 1 LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2CHASE COMMUNITY SOLAR FARM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1F
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt094579
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt094579
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02559
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05947
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08506
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031085
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0853184
IRS990ScheduleD/TotalBookValueProgramRltdAmt0512566
IRS990ScheduleD/TotalLiabilityAmt031085
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt09584
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RENTAL ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt018
IRS990ScheduleI/RecipientTable/CashGrantAmt071952
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CREATION OF HOMELESS SHELTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KAYDENZ KITCHEN FOOD PANTRY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0824352635
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt040 RESERVOIR AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LEWISTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0ME
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd004240
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FOR GRANTS TO DOMESTIC ORGANIZATIONS, THE COOPERATIVE DEVELOPMENT ORGANIZER OF RAISE-OP IS ABLE TO OBSERVE THE GENERAL PROGRESS OF THE PROJECT FUNDED BY THE AWARD. FOR GRANTS TO DOMESTIC INDIVIDUALS, RAISE-OP RECEIVES FINANCIAL REPORTS OF THE PROPERTY LESSORS AND ALSO INQUIRES WITH TENANTS TO VERIFY THAT THEY OBTAINED THE CREDITS APPLIED TO THEIR RENTAL ASSESSMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL RESIDENTS OF THE THREE COOPERATIVE BUILDINGS ARE MEMBERS OF RAISE-OP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE MEMBERS OF RAISE-OP HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE MEMBERS OF THE GOVERNING BODY ARE ELECTED ON AN ANNUAL BASIS AND AS VACANCIES ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS MUST APPROVE CHANGES TO ARTICLES OF INCORPORATION AND BY-LAWS, AND MAY DISSOLVE THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE PREPARED FORM 990 IS REVIEWED BY THE COOPERATIVE DEVELOPMENT ORGANIZER AND THE TREASURER BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STAFF REQUIRES BOARD MEMBERS AND OFFICERS TO REAFFIRM THAT THEY HAVE READ THE POLICY EACH YEAR. IN THE EVENT A DIRECTOR HAS A CONFLICT OF INTEREST IN ANY MATTER BEFORE THE BOARD, THE REMAINING DIRECTORS OF THE BOARD BY MAJORITY VOTE MAY REQUIRE THAT DIRECTOR TO RECUSE THEMSELVES FROM THE MATTER, AND SHALL ALWAYS COMPLY WITH THE REQUIREMENTS OF THE IRS STANDARD CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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