2024-08-27T12:55:09-05:00 2023-12-31 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2023-01-01 222618694 BATH HOUSING DEVELOPMENT CORPORATION BATH 2074433116 80 CONGRESS AVENUE BATH ME 04530 DEBORA KELLER SECRETARY 2074433116 2024-08-27 1 0 KRISTEN CUMMINGS P01510495 6178075000 2024-08-27 2023 2024-08-08 14:25:15Z DEBORA KELLER 80 CONGRESS AVENUE BATH ME 04530 3369100 0 X BATHHOUSING.ORG X 1984 ME TO FOSTER, ENCOURAGE, PARTICIPATE IN, FINANCE, OWN, OPERATE, PROMOTE AND ADVANCE THE DEVELOPMENT OF HOUSING PROJECTS AND RELATED FACILITIES AFFORDABLE BY PRIMARILY LOW INCOME PERSONS AND FAMILIES; TO PROVIDE AFFORDABLE FINANCIAL AND TECHNICAL ASSISTANCE AND SERVICES TO LOW INCOME HOMEOWNERS; TO IMPLEMENT PROGRAMS INTENDED TO ENHANCE THE GROWTH OF SOCIAL AND ECONOMIC STABILITY FOR LOW INCOME FAMILIES; AND TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE INHABITANTS IN THE BATH, MAINE REGION. 11 11 0 13 0 0 891117 1084854 1943179 2110382 23396 28693 0 0 2857692 3223929 0 0 0 0 312532 457678 0 0 0 2452098 2440610 2764630 2898288 93062 325641 12423196 13138904 4071584 4426354 8351612 8712550 X TO FOSTER, ENCOURAGE, PARTICIPATE IN, FINANCE, OWN, OPERATE, PROMOTE AND ADVANCE THE DEVELOPMENT OF HOUSING PROJECTS AND RELATED FACILITIES AFFORDABLE BY PRIMARILY LOW INCOME PERSONS AND FAMILIES; TO PROVIDE AFFORDABLE FINANCIAL AND TECHNICAL ASSISTANCE AND SERVICES TO LOW INCOME HOMEOWNERS; TO IMPLEMENT PROGRAMS INTENDED TO ENHANCE THE GROWTH OF SOCIAL AND ECONOMIC STABILITY FOR LOW INCOME FAMILIES; AND TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE INHABITANTS IN THE BATH, MAINE REGION. 0 0 2434635 2079542 DEVELOPMENT, IMPROVEMENT AND MANAGEMENT OF HOUSING FOR LOW INCOME PERSONS. BHDC OWNS 175 MULTI-FAMILY APARTMENTS WHICH IT RUNS IN ACCORDANCE WITH ITS CHARITABLE MISSION. 30840 BHDC LEASES A COMMERCIAL OFFICE BUILDING TO BATH HOUSING AUTHORITY. 169784 BHDC OPERATES COMFORTABLY HOME SERVING LOW-INCOME, OLDER ADULTS AND PEOPLE WITH DISABILITIES. THE PROGRAM CONDUCTS HOME MODIFICATIONS TO ALLOW PEOPLE TO THRIVE IN THEIR OWN HOMES. 2604419 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 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 1 0 0 0 1 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 ME X X DEBORA KELLER 2074433116 80 CONGRESS AVENUE BATH ME 04530 BARBARA GAUL CHAIR 2.00 X X 0 0 0 NANCY JENNINGS VICE CHAIR 2.00 X X 0 0 0 NANCY CARLETON TREASURER 2.00 X X 0 0 0 DEBORA KELLER SECRETARY/EXECUTIVE DIRECT 20.00 30.00 X X 0 124231 19024 CR DAVIS DIRECTOR 2.00 X 0 0 0 MICHELLE RINES DIRECTOR 2.00 X 0 0 0 ERIK NELSON DIRECTOR 2.00 X 0 0 0 CATHERINE POWERS DIRECTOR 2.00 X 0 0 0 TOBIAS GABRANSKI DIRECTOR 2.00 X 0 0 0 ROBERTA JORDAN DIRECTOR 2.00 X 0 0 0 PHYLLIS BAILEY DIRECTOR 2.00 X 0 0 0 MARSHA KNOWLES DIRECTOR 2.00 X 0 0 0 0 124231 19024 0 0 0 0 0 608156 476698 1084854 RENTAL REVENUE 531110 2042969 2042969 LAUNDRY/MISCELLANEOUS 533110 36573 36573 RENT FROM AFFILIATE 533110 30840 30840 2110382 28693 28693 145171 145171 0 0 3223929 2110382 0 28693 362162 177258 184904 95516 41446 54070 318151 318151 16408 10832 5576 50144 44323 5821 1745 1745 3876 863 3013 2546 2546 595 595 1409963 1408156 1807 161442 161442 292030 285564 6466 111137 107552 3585 BAD DEBT EXPENSE 38170 38170 GRANT EXPENDITURES 24336 24336 OTHER OPERATING EXPENSE 10067 10067 2898288 2604419 293869 0 244793 219002 15369 9854 34645 286499 33650 33979 12286476 1910650 10587668 10375826 314803 366252 29192 29624 1163076 1817868 12423196 13138904 80241 77958 7815 12771 3815446 4132180 168082 203445 4071584 4426354 X 4311075 4812955 4040537 3899595 8351612 8712550 12423196 13138904 325641 35297 0 X 0 1 X 0 1 1 X 956638 1334738 761052 891117 1084854 5028399 664059 764374 1271535 1943179 2110382 6753529 1620697 2099112 2032587 2834296 3195236 11781928 0 0 0 11781928 18188 6166 5209 13386 28693 71642 18188 6166 5209 13386 28693 71642 1638885 2105278 2037796 2847682 3223929 11853570 0.99400 0.98790 0.00600 0.01210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1971450 1971450 10315026 1910650 8404376 10375826 TENANT SECURITY DEPOSIT 80143 REPLACEMENT RESERVE 605519 CONSTRUCTION IN PROGRESS 1132206 1817868 DUE TO RELATED PARTIES 134441 SECURITY DEPOSIT LIABILITY 69004 203445 X 3257481 35297 35297 3222184 1745 1745 3223929 2896543 0 2896543 1745 1745 2898288 PART X, LINE 2: NO PROVISION FOR TAXES ON INCOME IS MADE IN THE ORGANIZATION'S FINANCIAL STATEMENTS IT IS EXEMPT FROM INCOME TAXES UNDER I.R.C. SECTION 501(C)(3). IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA, MANAGEMENT HAS EVALUATED ITS EXPOSURE TO UNCERTAIN TAX POSITIONS AND DETERMINED THAT THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION. INFORMATIONAL RETURNS FILED BY THE ORGANIZATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INFORMATIONAL RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, THE THREE PREVIOUS TAX YEARS REMAIN OPEN. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 1,745. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 1,745. FORM 990, PART VI, SECTION A, LINE 3 BATH HOUSING AUTHORITY, AN AFFILIATED ENTITY, HAS A CONTRACT TO PERFORM DAY TO DAY MANAGEMENT DUTIES FOR THE ORGANIZATION FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. THE COMPLETED RETURN IS ALSO AVAILABLE FOR REVIEW AT WWW.BATHHOUSING.ORG. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS UPDATES DISCLOSURE OF POTENTIAL CONFLICTS OF INTEREST ANNUALLY, IN WRITING. ANY CONFLICTS ARE NOTED IN ADVANCE OF A DISCUSSION, BOARD MEMBERS RECUSE THEMSELVES, AND THIS IS REFLECTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZING AND OPERATING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST; HOWEVER FORM 990 AND ANNUAL AUDITS ARE POSTED AT WWW.BATHHOUSING.ORG. BATH HOUSING AUTHORITY 80 CONGRESS AVENUE BATH ME 04530 AFFORDABLE HOUSING ME GOVT N/A 0 0 0 0 0 1 0 0 0 0 1 0 0 1 1 1 1 1 0 0 BATH HOUSING AUTHORITY P 967400 FMV BATH HOUSING AUTHORITY E 1367312 FMV BATH HOUSING AUTHORITY M 307241 FMV BATH HOUSING AUTHORITY J 30840 FMV