Totals
- Total revenue
- $793,466
- Total expenses
- $788,717
- Contributions and grants received
- $550,647
- Grants paid
- $0
- Program service revenue
- $242,733
- Investment income
- $86
- Other revenue
- $0
- Total assets, end of year
- $2,032,709
- Total liabilities, end of year
- $1,080,215
- Net assets or fund balances, end of year
- $952,494
- Program services expenses (Part IX)
- $743,189
- Management and general expenses
- $45,528
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $743,189
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)
$550,647
-
2a · Program service revenue: TENANT RENTS
total $240,530 · related or exempt $240,530
-
2b · Program service revenue: LAUNDRY/MISC INCOME
total $2,203 · related or exempt $2,203
-
3 · Investment income
total $86 · related or exempt $86
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $45,528 · management and general $45,528
-
11c · Fees: accounting
total $12,400 · program services $12,400
-
12 · Advertising and promotion
total $522 · program services $522
-
13 · Office expenses
total $2,199 · program services $2,199
-
20 · Interest
total $59,100 · program services $59,100
-
21 · Payments to affiliates
total $187,185 · program services $187,185
-
22 · Depreciation, depletion and amortization
total $109,257 · program services $109,257
-
23 · Insurance
total $32,885 · program services $32,885
-
24a · Other expenses: OTHER MAINTENANCE
total $87,517 · program services $87,517
-
24b · Other expenses: UTILITIES
total $79,765 · program services $79,765
-
24c · Other expenses: CONTRACT SERVICES
total $44,353 · program services $44,353
-
24d · Other expenses: SUPPORT SERVICES
total $38,155 · program services $38,155
-
24e · All other expenses
total $89,851 · program services $89,851
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $378,618 · end of year $403,493
-
4 · Accounts receivable
beginning of year $10,369 · end of year $30,682
-
9 · Prepaid expenses and deferred charges
beginning of year $3,002 · end of year $3,110
-
10a · Land, buildings and equipment: cost or other basis
$3,203,501
-
10b · Land, buildings and equipment: accumulated depreciation
$1,640,582
-
10c · Land, buildings and equipment, net
beginning of year $1,672,176 · end of year $1,562,919
-
15 · Other assets
beginning of year $34,565 · end of year $32,505
-
17 · Accounts payable and accrued expenses
beginning of year $36,698 · end of year $22,359
-
19 · Deferred revenue
beginning of year $3,332 · end of year $8,662
-
23 · Secured mortgages and notes payable
beginning of year $1,079,594 · end of year $1,018,529
-
25 · Other liabilities
beginning of year $31,361 · end of year $30,665
-
27 · Net assets without donor restrictions
beginning of year $947,745 · end of year $952,494
Mission and programs · 2024
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 $743,189 · Revenue $242,819
As filed on the 2024 return.
Listed in Part VII
-
Chris RoneyCHRIS RONEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 3
-
Bridget DornbachBRIDGET DORNBACH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Thomas WhelanTHOMAS WHELAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Thomas H KelleyTHOMAS H KELLEY
SECRETARY & CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Dr Jeffrey StenzelDR JEFFREY STENZEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Drew WingDREW WING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Atala LessardMARY ATALA LESSARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Suzanne NortonSUZANNE NORTON
ASSISTANT VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth CarltonELIZABETH CARLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy CartmellAMY CARTMELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lincoln JeffersLINCOLN JEFFERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chelsea BelangerCHELSEA BELANGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt PetersMATT PETERS
EXECUTIVE DIRECTOR
- Total calculated
- $64,611
- From this org
- $0
- From related orgs
- $64,611
- Other
- $0
- 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.
-
501(C)(3) · AFFORDABLE HOUSING · ME
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
-
FHT VARNEY HEIGHTS LP
N/A · AFFORDABLE HOUSING · ME
-
FHT VARNEY HEIGHTS GP LLC
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
- 2024
- Filed
- 18 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543529349300939
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