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Nonprofiteer
← CEI HOUSING INC

Form 990 for tax year 2022

Filed by CEI HOUSING INC.

Totals

Total revenue
-$162,992
Total expenses
$104,290
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$123,913
Investment income
-$286,905
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$101,857
Management and general expenses
$2,433
Fundraising expenses
$0
Program service expenses (Part III)
$101,857

Program services were 97.7% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $123,913 · related or exempt $123,913

  • 3 · Investment income

    total $563 · excluded $563

  • 7a · Gross sales of assets other than inventory

    other assets $1,900,000

  • 7b · Less cost or other basis and sales expenses

    other assets $2,187,468

  • 7c · Gain or loss

    other assets -$287,468

  • 7d · Net gain or loss

    total -$287,468 · excluded -$287,468

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $410 · management and general $410

  • 11b · Fees: legal

    total $2,023 · management and general $2,023

  • 16 · Occupancy

    total $8,120 · program services $8,120

  • 20 · Interest

    total $48,784 · program services $48,784

  • 22 · Depreciation, depletion and amortization

    total $16,233 · program services $16,233

  • 23 · Insurance

    total $21,611 · program services $21,611

  • 24a · Other expenses: SUPPLIES

    total $5,733 · program services $5,733

  • 24b · Other expenses: OPERATING & MAINTENANCE

    total $1,376 · program services $1,376

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $182,602 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $229,282 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $507 · end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,702 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,808,766 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $11,293 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,044

  • 19 · Deferred revenue

    beginning of year $450

  • 21 · Escrow or custodial account liability

    beginning of year $11,293

  • 23 · Secured mortgages and notes payable

    beginning of year $1,878,083

  • 27 · Net assets without donor restrictions

    beginning of year $267,282 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE RENTAL, HOME OWNERSHIP, SUPPORTED HOUSING AND RELATED SERVICES PRIMARILY TARGETED TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES THAT QUALIFY UNDER HUD GUIDELINES

  • TO PROVIDE AFFORDABLE RENTAL, HOME OWNERSHIP, SUPPORTED HOUSING AND RELATED SERVICES PRIMARILY TARGETED TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES THAT QUALIFY UNDER HUD GUIDELINES

    Expenses $101,857 · Revenue $123,913

As filed on the 2022 return.

Listed in Part VII

  • Jenny Rottmann

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • John Egan

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Keith Bisson

    BOARD CHAIR

    Total calculated
    $232,766
    From this org
    $0
    From related orgs
    $222,590
    Other
    $10,176
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,590 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,176 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $232,766 related

  • Laura Buxbaum

    SECRETARY

    Total calculated
    $158,240
    From this org
    $0
    From related orgs
    $108,303
    Other
    $49,937
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $108,303 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,089 related
    Nontaxable benefits
    $0 + $43,848 related
    Filer's total
    $0 + $158,240 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

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.

  • COASTAL ENTERPRISE INC

    501(C)(3) · CREATING OPPORTUNITIES FOR COMMUNITIES AND INDIVIDUALS WITH LOW INC · ME

  • WISCASSET REGIONAL DEVELOPMENT CORP

    501(C)(3) · PROMOTING EMPL OPPORT TO BENEFIT · ME

    Directly controlled by COASTAL ENTERPRISES 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.

Related partnerships

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

  • BC HOUSING LP

    HOUSING · ME

  • BRIGHT COMMUNITY CAPITAL HOLDINGS LLC

    VENTURE CAPITAL INVESTMENT · ME

  • CEI CAPITAL MANAGEMENT LLC

    COMMUNITY DEVELOPMENT · ME · general or managing partner

  • CHOM HOUSING LP

    HOUSING · ME

  • COASTAL VENTURES III LP

    VENTURE CAPITAL INVESTMENT · ME

  • COASTAL VENTURES IV LP

    VENTURE CAPITAL INVESTMENT · ME

  • COASTAL VENTURES V LP

    VENTURE CAPITAL INVESTMENT · ME

  • POND CIRCLE LP

    HOUSING · ME

  • RIVERSHORE PLACE HOUSING LP

    HOUSING · ME

Related corporations and trusts

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

  • BC HOUSING INC

    C · HOUSING · ME

  • CEI VENTURES INC

    C · VENTURE CAPITAL INVESTMENT · ME

  • COASTAL COMMUNITY HOUSING INC

    C · HOUSING · ME

  • POND CIRCLE INC

    C · HOUSING · ME

  • RIVERSHORE INC

    C · HOUSING · ME

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202442289349304104

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