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Nonprofiteer
← JFM NO 2 CORP

Form 990 for tax year 2024

Filed by JFM NO 2 CORP.

Totals

Total revenue
$129,794
Total expenses
$173,380
Contributions and grants received
$44,149
Grants paid
$0
Program service revenue
$84,971
Investment income
$674
Other revenue
$0
Total assets, end of year
$1,186,220
Total liabilities, end of year
$94,026
Net assets or fund balances, end of year
$1,092,194
Program services expenses (Part IX)
$153,724
Management and general expenses
$19,656
Fundraising expenses
$0
Program service expenses (Part III)
$153,724

Program services were 88.7% 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.

  • 1e · Government grants (contributions)

    $44,149

  • 2a · Program service revenue: PROG.SERV.REVENUE-RELA

    total $84,971 · related or exempt $84,971

  • 3 · Investment income

    total $674 · excluded $674

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,221 · program services $17,221

  • 11a · Fees: management

    total $8,770 · management and general $8,770

  • 11b · Fees: legal

    total $136 · management and general $136

  • 11c · Fees: accounting

    total $12,342 · program services $1,592 · management and general $10,750

  • 16 · Occupancy

    total $87,643 · program services $87,643

  • 19 · Conferences, conventions and meetings

    total $35 · program services $35

  • 22 · Depreciation, depletion and amortization

    total $47,230 · program services $47,230

  • 24a · Other expenses: EXCESS RESIDUAL RECEIPT

    total $3 · program services $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,420 · end of year $1

  • 2 · Savings and temporary cash investments

    beginning of year $196,247 · end of year $211,920

  • 4 · Accounts receivable

    beginning of year $891 · end of year $23,411

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

    $1,615,406

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

    $664,518

  • 10c · Land, buildings and equipment, net

    beginning of year $958,861 · end of year $950,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,622 · end of year $59,119

  • 25 · Other liabilities

    beginning of year $17 · end of year $34,907

  • 27 · Net assets without donor restrictions

    beginning of year -$392,520 · end of year -$436,106

  • 28 · Net assets with donor restrictions

    beginning of year $1,528,300 · end of year $1,528,300

Mission and programs · 2024

Mission

TO PROVIDE LOW INCOME HOUSING TO DISABLED INDIVIDUALS.

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING TO DISABLED INDIVIDUALS.

  • PROVIDES 10 UNITS OF LOW INCOME RENTAL HOUSING FOR THE DISABLED IN LEWISTON, MAINE.

    Expenses $153,724 · Revenue $84,971

As filed on the 2024 return.

Listed in Part VII

  • John D Clifford V

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Deana Kane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Chris Crowley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Steven Shaver

    TREASURER

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Michael Drouin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • John D Clifford IV

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Cyndy Paradis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Joe O'Connor

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • John V Bonneau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • John Dulac

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Anita Drouin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Richelle Wallace

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Norm Tancrede

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Rich Cutliffe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 0.7 related

  • Andrew Cowan

    CFO

    Total calculated
    $250,893
    From this org
    $0
    From related orgs
    $232,397
    Other
    $18,496
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,397 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,496 related
    Filer's total
    $0 + $250,893 related

  • Todd Goodwin

    CEO

    Total calculated
    $256,654
    From this org
    $0
    From related orgs
    $242,401
    Other
    $14,253
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,401 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,253 related
    Filer's total
    $0 + $256,654 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.

Provenance

Return type
form_990
Tax year
2024
Filed
21 July 2025
IRS schema version
2024v5.2
Source object
202522049349300632

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