Skip to content
Nonprofiteer
← SOUTH PORTLAND HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by SOUTH PORTLAND HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$7,276,855
Total expenses
$1,645,882
Contributions and grants received
$923,037
Grants paid
$17,066
Program service revenue
$6,142,920
Investment income
$210,898
Other revenue
$0
Total assets, end of year
$18,900,958
Total liabilities, end of year
$2,271,052
Net assets or fund balances, end of year
$16,629,906
Program services expenses (Part IX)
$1,436,588
Management and general expenses
$209,294
Fundraising expenses
$0
Program service expenses (Part III)
$1,436,588

Program services were 87.3% 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)

    $73,037

  • 1f · All other contributions, gifts and grants

    $850,000

  • 2a · Program service revenue: PARTNERSHIP INCOME

    total $3,839,430 · related or exempt $3,839,430

  • 2b · Program service revenue: DEVELOPER FEES

    total $1,895,000 · related or exempt $1,895,000

  • 2c · Program service revenue: TENANT RENT

    total $305,779 · related or exempt $305,779

  • 2d · Program service revenue: LAND LEASE INCOME

    total $58,072 · related or exempt $58,072

  • 2e · Program service revenue: UTILITY SERVICE INCOME

    total $40,962 · related or exempt $40,962

  • 2f · All other program service revenue

    total $3,677 · related or exempt $3,677

  • 3 · Investment income

    total $210,898 · related or exempt $210,898

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,066 · program services $17,066

  • 11a · Fees: management

    total $375,000 · program services $356,250 · management and general $18,750

  • 11b · Fees: legal

    total $5,450 · program services $5,450

  • 11c · Fees: accounting

    total $20,975 · management and general $20,975

  • 16 · Occupancy

    total $97,703 · program services $80,899 · management and general $16,804

  • 20 · Interest

    total $114,713 · program services $114,713

  • 22 · Depreciation, depletion and amortization

    total $243,443 · program services $170,410 · management and general $73,033

  • 23 · Insurance

    total $28,054 · program services $25,866 · management and general $2,188

  • 24a · Other expenses: DEVELOPMENT

    total $593,740 · program services $593,740

  • 24b · Other expenses: ADMINISTRATIVE

    total $82,526 · program services $4,982 · management and general $77,544

  • 24c · Other expenses: REAL ESTATE TAXES

    total $41,032 · program services $41,032

  • 24d · Other expenses: MAINTENANCE AND REPAIRS

    total $26,180 · program services $26,180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,232 · end of year $177,817

  • 2 · Savings and temporary cash investments

    beginning of year $1,433,108 · end of year $4,010,283

  • 4 · Accounts receivable

    beginning of year $7,100 · end of year $8,390

  • 7 · Other notes and loans receivable

    beginning of year $95,394 · end of year $76,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,986 · end of year $17,086

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

    $7,582,080

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

    $2,192,489

  • 10c · Land, buildings and equipment, net

    beginning of year $5,605,903 · end of year $5,389,591

  • 12 · Investments: other securities

    beginning of year $417,960 · end of year $272,532

  • 14 · Intangible assets

    beginning of year $25,825 · end of year $19,266

  • 15 · Other assets

    beginning of year $2,985,703 · end of year $8,929,401

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,623 · end of year $55,937

  • 23 · Secured mortgages and notes payable

    beginning of year $2,259,627 · end of year $2,197,071

  • 25 · Other liabilities

    beginning of year $17,859 · end of year $18,044

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,463,102 · end of year $16,629,906

Mission and programs · 2024

Mission

LOW-INCOME HOUSING

Activities or mission (Part I)

LOW INCOME HOUSING

  • TO DEVELOP AND MANAGE PROJECTS PROVIDING LOW INCOME HOUSING TO THE ELDERLY, HANDICAPPED AND FAMILIES.

    Expenses $1,436,588 · Grants $17,066 · Revenue $6,353,818

As filed on the 2024 return.

Listed in Part VII

  • Alison Dame

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mark Farrington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Michel Duvernay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Judy Carpenter

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kathryn G Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Laurie Carr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lisa Viola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Mary Jo Jakab

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Christine Dearborn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Peter Howe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Kathryn Lovejoy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ronnie Halfacre-Tellerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Ghomri Rostampour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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

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.

  • SPHA HOLDINGS LLC

    AFFORDABLE HOUSING · ME · income $111,435 · assets $4,248,664

    Directly controlled by SOUTH PORTLAND HOUSING DEVELOPMENT CORP

Related partnerships

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

  • RIDGELAND SENIOR HOUSING ASSOC LP

    RELATED · AFFORDABLE HOUSING · ME · share of income $3 · share of assets $365,081

  • MILL COVE HOUSING ASSOCIATES LP

    RELATED · AFFORDABLE HOUSING · ME · share of income $737,447 · share of assets $2,650,473

  • SOUTH PORTLAND CONGREGATE HOUSING ASSOCIATES LP

    RELATED · AFFORDABLE HOUSING · ME · share of income -$333,759 · share of assets $7,022,732

  • SOUTH PORTLAND CONGREGATE LLC

    RELATED · AFFORDABLE HOUSING · ME · share of income -$106 · share of assets $1,342,635

  • LANDRY CIRCLE SENIOR HOUSING 2 LP

    RELATED · AFFORDABLE HOUSING · ME · share of assets $8,648,647

  • OAK HILL SENIOR HOUSING LP

    RELATED · AFFORDABLE HOUSING · ME · share of income -$90 · share of assets $2,288,575

  • THORNTON HEIGHTS COMMONS LP

    RELATED · AFFORDABLE HOUSING · ME · share of income -$6 · share of assets $64,403

  • RIDGELAND GARDENS LP

    RELATED · AFFORDABLE HOUSING · ME · share of income $145,918 · share of assets $98,692

  • ADAM COURT LP

    RELATED · AFFORDABLE HOUSING · ME · share of income -$20,974 · share of assets $933,313

  • BRH CROSSING LP

    RELATED · AFFORDABLE HOUSING · ME · share of assets $12,615,436

  • LANDRY VILLAGE LLC

    RELATED · AFFORDABLE HOUSING · ME · share of income $331,172

  • 425 BROADWAY LLC

    RELATED · AFFORDABLE HOUSING · ME · share of income $530,855

  • 1700 BROADWAY LLC

    RELATED · AFFORDABLE HOUSING · ME · share of income $522,193

  • SCATTERED SITES HOUSING LLC

    RELATED · AFFORDABLE HOUSING · ME · share of income $764,579

Related corporations and trusts

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

  • RIDGELAND MANAGEMENT COMPANY L3C

    C · AFFORDABLE HOUSING · ME · 100% owned · share of income -$11 · share of assets -$29

  • THORTON HEIGHTS COMMONS GP LLC

    C · AFFORDABLE HOUSING · ME · 100% owned · share of income -$6 · share of assets -$198

  • OAK HILL SENIOR HOUSING GP LLC

    C · AFFORDABLE HOUSING · ME · 100% owned · share of income -$90 · share of assets $305,515

  • BRH CROSSING GP LLC

    C · AFFORDABLE HOUSING · ME · 100% owned · share of assets $100

  • LANDRY CIRCLE SENIOR HOUSING 2 GP LLC

    C · AFFORDABLE HOUSING · ME · 100% owned · share of assets $8,648,647

Provenance

Return type
form_990
Tax year
2024
Filed
7 August 2026
IRS schema version
2024v5.5
Source object
202642199349300629

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.