Skip to content
Nonprofiteer
← FREEPORT SENIOR HOUSING INC

Form 990 for tax year 2022

Filed by FREEPORT SENIOR HOUSING INC.

Totals

Total revenue
$716,228
Total expenses
$711,136
Contributions and grants received
$509,419
Grants paid
$0
Program service revenue
$206,735
Investment income
$74
Other revenue
$0
Total assets, end of year
$2,171,079
Total liabilities, end of year
$1,219,471
Net assets or fund balances, end of year
$951,608
Program services expenses (Part IX)
$670,023
Management and general expenses
$41,113
Fundraising expenses
$0
Program service expenses (Part III)
$670,023

Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $509,419

  • 2a · Program service revenue: TENANT RENTS

    total $204,437 · related or exempt $204,437

  • 2b · Program service revenue: LAUNDRY/MISC INCOME

    total $2,298 · related or exempt $2,298

  • 3 · Investment income

    total $74 · related or exempt $74

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $41,113 · management and general $41,113

  • 11c · Fees: accounting

    total $11,600 · program services $11,600

  • 12 · Advertising and promotion

    total $486 · program services $486

  • 13 · Office expenses

    total $2,658 · program services $2,658

  • 20 · Interest

    total $65,768 · program services $65,768

  • 21 · Payments to affiliates

    total $135,445 · program services $135,445

  • 22 · Depreciation, depletion and amortization

    total $110,880 · program services $110,880

  • 23 · Insurance

    total $22,658 · program services $22,658

  • 24a · Other expenses: OTHER MAINTENANCE

    total $88,022 · program services $88,022

  • 24b · Other expenses: UTILITIES

    total $76,033 · program services $76,033

  • 24c · Other expenses: CONTRACT SERVICES

    total $45,921 · program services $45,921

  • 24d · Other expenses: SUPPORT SERVICES

    total $33,246 · program services $33,246

  • 24e · All other expenses

    total $77,306 · program services $77,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $280,534 · end of year $349,304

  • 4 · Accounts receivable

    beginning of year $20,021 · end of year $5,080

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,743 · end of year $2,414

  • 10a · Land, buildings and equipment: cost or other basis

    $3,200,480

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,420,884

  • 10c · Land, buildings and equipment, net

    beginning of year $1,889,476 · end of year $1,779,596

  • 15 · Other assets

    beginning of year $34,435 · end of year $34,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,451 · end of year $49,142

  • 19 · Deferred revenue

    beginning of year $2,246 · end of year $2,966

  • 23 · Secured mortgages and notes payable

    beginning of year $1,193,195 · end of year $1,137,661

  • 25 · Other liabilities

    beginning of year $26,801 · end of year $29,702

  • 27 · Net assets without donor restrictions

    beginning of year $946,516 · end of year $951,608

Mission and programs · 2022

Mission

TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY.

Activities or mission (Part I)

LOW INCOME HOUSING

  • TO PROVIDE LOW INCOME HOUSING TO ELDERLY RESIDENTS IN FREEPORT, MAINE, AS WELL AS SUPPORTIVE SERVICES DESIGNED TO EXTEND THE TIME IN WHICH ELDERLY TENANTS MAY LIVE INDEPENDENTLY.

    Expenses $670,023 · Revenue $206,809

As filed on the 2022 return.

Listed in Part VII

  • Chris Roney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Amy Cartmell

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Thomas Whelan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Thomas H Kelley

    SECRETARY & CLERK

    Total calculated
    $0
    Hours/week
    2

  • Dr Jeffrey Stenzel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Drew Wing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Atala Lessard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Prince Pombo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Carlton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maryellen Carew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lincoln Jeffers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Norton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Peters

    EXECUTIVE DIRECTOR

    Total calculated
    $89,085
    From this org
    $0
    From related orgs
    $88,600
    Other
    $485
    Hours/week
    30 + 10 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • VARNEY SQUARE ASSOCIATES LP

    N/A · AFFORDABLE HOUSING · ME

  • FREEPORT ELDERLY HOUSING LP

    N/A · AFFORDABLE HOUSING · ME

  • OAKLEAF 2 ASSOCIATES LP

    N/A · AFFORDABLE HOUSING · ME

  • FHT QUARRY RIDGE LP

    N/A · AFFORDABLE HOUSING · ME

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FHT HOLDINGS INC

    C · AFFORDABLE HOUSING · ME

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202410469349302336

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.