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Nonprofiteer
← PENQUIS DEVELOPMENT INC

Form 990 for tax year 2022

Filed by PENQUIS DEVELOPMENT INC.

Totals

Total revenue
$1,349,299
Total expenses
$1,023,730
Contributions and grants received
$7,517
Grants paid
$385
Program service revenue
$1,328,266
Investment income
$13,516
Other revenue
$0
Total assets, end of year
$5,367,375
Total liabilities, end of year
$5,496,322
Net assets or fund balances, end of year
-$128,947
Program services expenses (Part IX)
$875,814
Management and general expenses
$147,916
Fundraising expenses
$0
Program service expenses (Part III)
$875,814

Program services were 85.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Tyler Collins

    Board Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Leonard

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jack Clukey

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rick Harnum

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Thibeau

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Catherine Sullivan

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kara Hay

    Chief Executive Officer

    Total calculated
    $262,302
    From this org
    $0
    From related orgs
    $231,666
    Other
    $30,636
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,666 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,960 related
    Nontaxable benefits
    $0 + $12,676 related
    Filer's total
    $0 + $262,302 related

  • Denice Conary

    Chief Financial Officer

    Total calculated
    $197,864
    From this org
    $0
    From related orgs
    $174,014
    Other
    $23,850
    Hours/week
    0.4 + 39.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,014 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,079 related
    Nontaxable benefits
    $0 + $9,771 related
    Filer's total
    $0 + $197,864 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The organization's CEO is compensated by the parent organization, Penquis C.A.P., Inc. This compensation is determined through the use of an independent compensation survey and is approved by the Board of Directors.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • Penquis Mental Health Association

    501(c)(3) · Maintenance and development of services to developmentally disabled · ME

    Directly controlled by Penquis CAP Inc

  • Penquis CAP Inc

    501(c)(3) · Administer health, housing and social service programs · ME

  • Charlotte White Center

    501(c)(3) · Supported organization · ME

    Directly controlled by Penquis CAP Inc

  • MaineStream Finance

    501(c)(3) · Financing activities in support of community development · ME

    Directly controlled by Penquis CAP Inc

  • Broadway Housing Inc

    501(c)(3) · Promote and provide affordable housing for elderly residents · ME

    Directly controlled by Penquis CAP Inc

  • Rape Response Services Inc

    501(c)(3) · Provides services to sexual assault victims and education and prevention · ME

    Directly controlled by Penquis CAP Inc

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Graham School Senior Housing Associates

    Affordable housing · ME · income $183,177 · assets $2,031,837

    Directly controlled by Penquis Development Inc

  • Mid-Col Apartments

    Affordable housing · ME · income $145,529 · assets $267,267

    Directly controlled by Penquis Development Inc

  • Patterson Hill Housing Associates

    Affordable housing · ME · income $301,729 · assets $507,697

    Directly controlled by Penquis Development Inc

  • Windward Housing Associates

    Affordable housing · ME · income $168,878 · assets $394,248

    Directly controlled by Penquis Development Inc

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2024
IRS schema version
2022v5.0
Source object
202412279349303261

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