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← COMMUNITY CONCEPTS DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by COMMUNITY CONCEPTS DEVELOPMENT CORPORATION.

Totals

Total revenue
$2,017,778
Total expenses
$2,460,808
Contributions and grants received
$500
Grants paid
$0
Program service revenue
$2,000,150
Investment income
$17,128
Other revenue
$0
Total assets, end of year
$7,751,150
Total liabilities, end of year
$7,916,088
Net assets or fund balances, end of year
-$164,938
Program services expenses (Part IX)
$2,445,628
Management and general expenses
$15,180
Fundraising expenses
$0
Program service expenses (Part III)
$2,445,628

Program services were 99.4% 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.

  • 1f · All other contributions, gifts and grants

    $500

  • 2a · Program service revenue: Rental Income

    total $1,588,814 · related or exempt $1,588,814

  • 2b · Program service revenue: Other Program Activiti

    total $411,336 · related or exempt $411,336

  • 3 · Investment income

    total $17,128 · excluded $17,128

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $88,766 · program services $88,766

  • 11b · Fees: legal

    total $23,251 · program services $23,251

  • 11c · Fees: accounting

    total $48,503 · program services $48,503

  • 11g · Fees: other

    total $452,887 · program services $452,887

  • 13 · Office expenses

    total $29,714 · program services $29,714

  • 14 · Information technology

    total $21,295 · program services $21,295

  • 16 · Occupancy

    total $529,149 · program services $529,149

  • 17 · Travel

    total $1,295 · program services $1,295

  • 20 · Interest

    total $130,372 · program services $130,372

  • 22 · Depreciation, depletion and amortization

    total $497,842 · program services $497,842

  • 23 · Insurance

    total $150,637 · program services $150,637

  • 24a · Other expenses: Property Management Exp

    total $278,319 · program services $278,319

  • 24b · Other expenses: Bad Debt Expense

    total $159,775 · program services $159,775

  • 24c · Other expenses: Miscellaneous Expenses

    total $33,823 · program services $33,823

  • 24d · Other expenses: Indirect Costs

    total $15,180 · management and general $15,180

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,133,973 · end of year $1,866,074

  • 4 · Accounts receivable

    beginning of year $113,214 · end of year $92,947

  • 9 · Prepaid expenses and deferred charges

    beginning of year $112,678 · end of year $98,057

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

    $13,260,935

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

    $7,771,305

  • 10c · Land, buildings and equipment, net

    beginning of year $5,891,127 · end of year $5,489,630

  • 15 · Other assets

    beginning of year $204,442 · end of year $204,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $778,851 · end of year $339,357

  • 19 · Deferred revenue

    beginning of year $12,421 · end of year $21,995

  • 23 · Secured mortgages and notes payable

    beginning of year $5,487,512 · end of year $5,571,017

  • 25 · Other liabilities

    beginning of year $1,898,558 · end of year $1,983,719

  • 27 · Net assets without donor restrictions

    beginning of year $278,092 · end of year -$164,938

Mission and programs · 2024

Mission

To promote and provide affordable housing for low-income and moderate-income residents in the State of Maine.

  • To promote and provide affordable housing for low-income and moderate-income residents in the State of Maine.

    Expenses $2,445,628 · Revenue $2,000,150

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Craig Saddlemire

    President

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Theodore Cornish

    Vice President

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Ed Barrett

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Alyssa Dean Littlefield

    Secretary

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Steve McDermott

    Director

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Fowsia Musse

    Director

    Total calculated
    $0
    Hours/week
    2 + 7 related

  • James Martin

    CEO - CCI

    Total calculated
    $259,193
    From this org
    $0
    From related orgs
    $209,865
    Other
    $49,328
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,865 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,052 related
    Nontaxable benefits
    $0 + $37,276 related
    Filer's total
    $0 + $259,193 related

  • Laura Minkowsky-Gormley

    CFO - CCI

    Total calculated
    $189,404
    From this org
    $0
    From related orgs
    $158,772
    Other
    $30,632
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,772 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,506 related
    Nontaxable benefits
    $0 + $21,126 related
    Filer's total
    $0 + $189,404 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)

Form 990, Schedule J, Part I, Line 3:
Compensation for the Organization's CEO & CFO is paid through a related organization, Community Concepts, Inc., and is based on a written employment contract, compensation survey data and is approved by that organization's 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.

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.

  • Maple Street Housing Associates

    Low Income Housing Development · ME · income $252,329 · assets $1,003,202

    Directly controlled by Community Concepts Development Corporation

  • Supportive Housing Associates

    Low Income Housing Development · ME · income $219,421 · assets $539,455

    Directly controlled by Community Concepts Development Corporation

  • Oxford Family Housing

    Low Income Housing Development · ME · income $797,853 · assets $3,243,933

    Directly controlled by Community Concepts Development Corporation

  • Bates Street Senior Housing

    Low Income Housing Development · ME · income $453,429 · assets $1,851,238

    Directly controlled by Community Concepts Development Corporation

Related partnerships

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

  • Blake & Pine LP

    Low Income Housing Development · ME

  • Court Street Senior Housing Association

    Low Income Housing Development · ME

  • Bates Street Senior Housing LP

    N/A · Low Income Housing Development · ME · 100% owned · share of income -$141,956 · share of assets $2,627,436 · general or managing partner

Related corporations and trusts

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

  • Community Concepts Housing Corporation

    C · Low income housing development · ME

Provenance

Return type
form_990
Tax year
2024
Filed
6 August 2026
IRS schema version
2024v5.5
Source object
202632229349300803

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