2024-01-16T10:29:24-06:00 2023-09-30 010448675 OUELLETTE & ASSOCIATES PA 1111 LISBON STREET LEWISTON ME 04240 990 2022-10-01 237046663 THE HOUSING FOUNDATION-PHASE I & II HOUS 2078664634 353 MAIN STREET ORONO ME 04473 DUSKA HAYMAN EXECUTIVE DIRECTOR 2078664634 2024-01-15 1 DUSKA HAYMAN 999009999 1 C JOSEPH WOLVERTON JR CPA P00639997 2077860328 2024-01-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DUSKA HAYMAN 353 MAIN STREET ORONO ME 04473 2144243 1 1 6005 X N/A X 1969 ME TO PROVIDE LOW-INCOME HOUSING 9 9 0 0 0 0 0 0 1931415 2100256 1545 2131 34381 41856 1967341 2144243 0 0 0 0 159837 166770 0 0 0 1724075 1579280 1883912 1746050 83429 398193 5226993 5555190 228233 158237 4998760 5396953 TO PROVIDE LOW-INCOME HOUSING. 0 0 1746050 2142112 TO PROVIDE LOW-INCOME HOUSING 1746050 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 X X ANGELA CAMERON 2078664634 353 MAIN STREET ORONO ME 04473 JOHN MCCORMACK PRESIDENT 0.50 X X 0 0 0 ELIZABETH BICKNELL VICE-PRESIDENT 0.50 X X 0 0 0 LYNNE SPOONER TREASURER 0.50 X X 0 0 0 KERRY SACK DIRECTOR 0.50 X 0 0 0 JUDY WALKER DIRECTOR 0.50 X 0 0 0 DICK ROLLINS DIRECTOR 0.50 X 0 0 0 DAN BURKE DIRECTOR 0.50 X 0 0 0 JUDY WHITNEY DIRECTOR 0.50 X 0 0 0 PATTY KENNY SECRETARY 0.50 X 0 0 0 DUSKA HAYMAN EXECUTIVE DIRECTOR 1.00 X 0 25728 0 0 25728 0 0 0 0 0 0 RENTAL REVENUE 531110 1497547 1497547 HUD ASSISTANCE 531110 602709 602709 2100256 2131 2131 OTHER REVENUE 531110 41856 41856 41856 2144243 2142112 0 2131 166770 166770 132924 132924 1984 1984 30525 30525 519 519 13059 13059 8290 8290 227593 227593 120568 120568 REPAIRS & MAINTENANCE 563518 563518 UTILITIES 442524 442524 PROPERTY TAXES 29400 29400 BAD DEBT 5462 5462 2914 2914 1746050 1746050 0 0 304797 486580 2344884 2627903 11623 3407 124203 135895 9592361 7290956 2441486 2301405 5226993 5555190 207019 130902 21214 27335 228233 158237 X 4998760 5396953 4998760 5396953 5226993 5555190 398193 0 X 1 X 0 0 0 X 564990 559173 558963 551341 602709 2837176 1335050 1402835 1375259 1380074 1497547 6990765 1900040 1962008 1934222 1931415 2100256 9827941 0 0 0 9827941 1903 2734 1691 1545 2131 10004 1903 2734 1691 1545 2131 10004 1901943 1964742 1935913 1932960 2102387 9837945 0.99900 0.99910 0.00100 0.00090 X 62700 62700 9146729 7050688 2096041 382932 240268 142664 2301405 X PART X, LINE 2: THE HOUSING FOUNDATION PHASE I AND II HAVE BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN CHARGED TO OPERATIONS IN THE CURRENT YEAR. THE PROJECT IS NOT A PRIVATE FOUNDATION BECAUSE IT RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT. MANAGEMENT HAS DETERMINED THAT THE PROJECT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS OR LIABILITIES THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE PROJECT'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE PROJECT WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE PROJECT'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY WERE FILED. FORM 990 PART IV 11F INCOME TAXES THE HOUSING FOUNDATION PHASES I & II HAVE BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN CHARGED TO OPERATIONS IN THE CURRENT YEAR. THE PROJECT IS NOT A PRIVATE FOUNDATION BECAUSE IT RECEIVES A SUBSTANTIAL PART OF ITS SUPPORT FROM A GOVERNMENTAL UNIT. MANAGEMENT HAS DETERMINED THAT THE PROJECT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS OR LIABILITIES THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE PROJECT'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE PROJECT WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE PROJECT'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY WERE FILED. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO ORGANIZATION'S WITH THE POWER TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY THE ACCOUNTANT. IT IS THEN REVIEWED BY THE EXECUTIVE DIRECTOR AND THE BOOKKEEPER. UPON THEIR APPROVAL, FORM 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.