Form 990, Page 6, Part VI, Line 3
“Management duties are delegated to maine development associates of bangor, me.”
Scores are not available for this record yet.
Assets
Down$2,766,724
Down $57,137 (-2.0%) from 2023
Net Assets
Down$2,512,052
Down $78,770 (-3.0%) from 2023
Liabilities
Up$254,672
Up $21,633 (+9.3%) from 2023
Revenue
Up$305,849
Up $13,797 (+4.7%) from 2023
Expenses
Up$384,619
Up $3,065 (+0.8%) from 2023
Net Income
Up-$78,770
Up $10,732 (+12%) from 2023
To operate a 26 unit elderly low income housing development in bucksport, maine, which provides decent, safe and sanitary housing.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $2,632,324 | $2,525,913 | ▼ $106,411 |
| Savings and Temporary Cash Investments | $157,291 | $179,794 | ▲ $22,503 |
| Cash and Non-Interest-Bearing Accounts | $22,891 | $44,635 | ▲ $21,744 |
| Prepaid Expenses and Deferred Charges | $11,354 | $13,701 | ▲ $2,347 |
| Accounts Receivable | $1 | $2,681 | ▲ $2,680 |
| Total Assets | $2,823,861 | $2,766,724 | ▼ $57,137 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $200,000 | $200,000 | → $0 |
| Accounts Payable and Accrued Expenses | $19,791 | $41,666 | ▲ $21,875 |
| Other Liabilities | $10,734 | $10,142 | ▼ $592 |
| Deferred Revenue | $2,514 | $2,864 | ▲ $350 |
| Total Liabilities | $233,039 | $254,672 | ▲ $21,633 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,590,822 | $2,512,052 | ▼ $78,770 |
| Total Net Assets Fund Balance | $2,590,822 | $2,512,052 | ▼ $78,770 |
| Total Liabilities and Net Assets / Fund Balance | $2,823,861 | $2,766,724 | ▼ $57,137 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,488,593 | $1,631,675 | $4,120,268 |
| Other Land Buildings | $4,595 | $153,904 | $158,499 |
| Leasehold Improvements | $32,725 | $21,723 | $54,448 |
| Equipment | - | $24,057 | $24,057 |
| Name | Title |
|---|---|
| Doug Doane | Board Chair |
| Nancy Minott | Vice Chair |
| Bonnie Kline | Director |
| Donna Smith | Director |
| Joyce Schelling | Director |
| Liz Huggins | Director |
| Michelle Rhodes | Director |
| Susan Lessard | Director |
| William Foster | Director |
| Line Item | Amount |
|---|---|
| Other Expenses | $384,619 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $106,411 | - | - | $106,411 |
| All Other Expenses | $81,760 | - | - | $81,760 |
| Occupancy | $72,565 | - | - | $72,565 |
| Fees for Services Management | - | $24,733 | - | $24,733 |
| Fees for Services Other | $4,840 | $15,974 | - | $20,814 |
| Insurance | $10,893 | $1,706 | - | $12,599 |
| Other Expenses | $11,116 | - | - | $11,116 |
| Fees for Services Accounting | - | $6,550 | - | $6,550 |
| Advertising | $100 | - | - | $100 |
| Total Functional Expenses | $335,656 | $48,963 | $0 | $384,619 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $384,619 |
| Total Expenses per Audited Statements | $384,619 |
| Total Expenses per Form 990 | $384,619 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Tenant Security Deposit | $10,087 |
| Prepaid Rent | $55 |
“Management duties are delegated to maine development associates of bangor, me.”
“The return is reviewed and approved by the management agent and board chair before it is electronically filed.”
“Records are available upon request of the management agent.”
“Snow removal 10,600 0 0 management consultants 10,000 0 0 grounds maintenance 9,624 0 0 janitorial maintenance 9,454 0 0 misc. Bldg. Maintenance 6,918 0 0 heating/cooling repairs & 6,604 0 0 decorating 6,414 0 0 jan. Tools & supplies 6,188 0 0 sprinkler/fire alarm 4,464 0 0 trash 3,888 0 0 exterminating 3,490 0 0 elevator 3,212 0 0 misc. Operating exp. 584 0 0 vehicle and maintenance e 320 0 0 total 81,760 0 0”
“Income taxes the organization is a not-for-profit corporation recognized by the internal revenue service under section 501(c)(3) of the code. Accordingly, no tax liability or expense has been recorded in the accompanying financial statements. The organization did not have any unrelated business income for the years ended june 30, 2024 and 2023. The organization's income tax filings are subject to audit by various taxing authorities. Any interest or penalties assessed to the organization are recorded in operating expenses. For the years ended june 30, 2024 and 2023, there were no interest or penalties recorded in the accompanying financial statements.”
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/Desc | 0 | THE ORGANIZATION OPERATES A 26 UNIT ELDERLY LOW INCOME HOUSING DEVELOPMENT IN BUCKSPORT, MAINE. THE PURPOSE OF THE DEVELOPMENT IS TO PROVIDE DECENT, SAFE AND SANITARY HOUSING TO ELDERLY LOW INCOME RESIDENTS THAT MEET ELIGIBILITY GUIDELINES ESTABLISHED BY HUD. |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 248752 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1331390 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1354010 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 2488593 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 1631675 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 4120268 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 24057 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 24057 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 384619 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 32725 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 21723 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 54448 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 4595 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 153904 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 158499 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 10087 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 55 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | TENANT SECURITY DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | PREPAID RENT |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 305849 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | INCOME TAXES THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION RECOGNIZED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE CODE. ACCORDINGLY, NO TAX LIABILITY OR EXPENSE HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2024 AND 2023. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. FOR THE YEARS ENDED JUNE 30, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2525913 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 384619 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 10142 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 305849 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 305849 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 384619 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | MANAGEMENT DUTIES ARE DELEGATED TO MAINE DEVELOPMENT ASSOCIATES OF BANGOR, ME. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE RETURN IS REVIEWED AND APPROVED BY THE MANAGEMENT AGENT AND BOARD CHAIR BEFORE IT IS ELECTRONICALLY FILED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | RECORDS ARE AVAILABLE UPON REQUEST OF THE MANAGEMENT AGENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SNOW REMOVAL 10,600 0 0 MANAGEMENT CONSULTANTS 10,000 0 0 GROUNDS MAINTENANCE 9,624 0 0 JANITORIAL MAINTENANCE 9,454 0 0 MISC. BLDG. MAINTENANCE 6,918 0 0 HEATING/COOLING REPAIRS & 6,604 0 0 DECORATING 6,414 0 0 JAN. TOOLS & SUPPLIES 6,188 0 0 SPRINKLER/FIRE ALARM 4,464 0 0 TRASH 3,888 0 0 EXTERMINATING 3,490 0 0 ELEVATOR 3,212 0 0 MISC. OPERATING EXP. 584 0 0 VEHICLE AND MAINTENANCE E 320 0 0 TOTAL 81,760 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 24E |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 2823861 |
| IRS990/TotalAssetsEOYAmt | 0 | 2766724 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 2823861 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 2766724 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 48963 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 335656 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 384619 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 233039 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 254672 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 233039 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 254672 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 2590822 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 2512052 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 335656 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 304753 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 6682 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 299167 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 305849 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 2823861 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 2766724 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 46 ROYAL RIDGE LANE |
| IRS990/USAddress/CityNm | 0 | BUCKSPORT |
| IRS990/USAddress/StateAbbreviationCd | 0 | ME |
| IRS990/USAddress/ZIPCd | 0 | 04416 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DOUG DOANE |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | BOARD CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 2079476795 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2024-11-02 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | GARDNER COMMONS DEVELOPMENT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | GARD |
| ReturnHeader/Filer/EIN | 0 | 550913379 |
| ReturnHeader/Filer/PhoneNum | 0 | 2079476795 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 2219 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BANGOR |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | ME |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 044022219 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 043389217 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BBSC CPAS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 38 PARKWAY S |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BREWER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | ME |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 04412 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2079418890 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-11-04 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHAEL P JONES CPA |
| ReturnHeader/ReturnTs | 0 | 2024-11-04T11:22:48-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-06-30 |
| ReturnHeader/TaxYr | 0 | 2023 |
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Displayed year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.