2024-06-11T09:47:27-04:00 2023-12-31 043389217 BBSC CPAS 38 PARKWAY S BREWER ME 04412 990 2023-01-01 010533179 FREEMAN FOREST HOUSING CORP FREE 2079476795 PO BOX 2219 BANGOR ME 044022219 DWIGHT HASBROUCK PRESIDENT 2079476795 2024-06-11 true DWIGHT HASBROUCK 999009999 false MICHAEL P JONES CPA P00292757 2079418890 2024-06-11 2023 2023-04-26 12:10:37Z DWIGHT HASBROUCK PO BOX 2219 BANGOR ME 04402 287113 false X X 2006 ME TO OPERATE A 22 UNIT LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME WHICH PROVIDES DECENT, SAFE AND SANITARY HOUSING TO THE ELDERLY AND/OR DISABLED. THE DEVELOPMENT IS SUBSIDIZED BY USDA RURAL DEVELOPMENT AS TO ITS MORTGAGE AND RENTAL INCOME. 5 5 0 0 0 272868 286332 340 781 0 273208 287113 0 0 0 0 0 280019 282075 280019 282075 -6811 5038 907545 893518 1130150 1111085 -222605 -217567 X TO OPERATE A 22 UNIT LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME WHICH PROVIDES DECENT, SAFE AND SANITARY HOUSING TO THE ELDERLY AND/OR DISABLED. THE DEVELOPMENT IS SUBSIDIZED BY USDA RURAL DEVELOPMENT AS TO ITS MORTGAGE AND RENTAL INCOME. false false 247134 286332 OPERATED A 22 UNIT ELDERLY LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME, PROVIDING DECENT, SAFE AND SANITARY HOUSING. 247134 true false false false false false false false false false true false false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false X 5 5 false false false false true true false true true false false false true true true true false false false false X MAINE DEVELOPMENT ASSOCIATES 2079476795 43 HIGH STREET BANGOR ME 04401 X TABATHA CASO SECRETARY 1.00 X X 0 0 0 DWIGHT HASBROUCK PRESIDENT 1.00 X X 0 0 0 LEO KENNEY DIRECTOR 1.00 X 0 0 0 TOM PERRY TREASURER 1.00 X X 0 0 0 MARY PHILLIPS DIRECTOR 1.00 X 0 0 0 false false false RENTAL INCOME 286332 286332 286332 781 781 287113 286332 781 24569 24569 6300 6300 248 248 520 374 146 47913 47913 61985 61985 29954 29954 9203 7476 1727 MAINTENANCE AND REPAIRS 43727 43727 REAL ESTATE TAXES 17600 17600 SNOW REMOVAL 15167 15167 OTHER ADMINISTRATIVE 13889 11690 2199 11000 11000 282075 247134 34941 0 13673 8347 11491 11764 1270004 539115 754885 730889 127496 142518 907545 893518 24461 21839 1089806 1073990 15883 15256 1130150 1111085 X -222605 -217567 -222605 -217567 907545 893518 5038 X false true X true true true X 242663 247960 255556 272868 286332 1305379 242663 247960 255556 272868 286332 1305379 1305379 787 218 100 340 781 2226 1307605 1305379 0.99830 0.99870 X 83263 83263 1145812 509075 636737 6368 6368 34561 23672 10889 730889 REPLACEMENT RESERVE 115106 SECURITY DEPOSIT ACCOUNT 15250 TAX AND INSURANCE ESCROW 12162 142518 SECURITY DEPOSIT LIABILITY 15250 PREPAID RENT 6 15256 X 287113 287113 287113 282075 282075 282075 SCHEDULE D, PAGE 3, PART X INCOME TAXES THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FORM 990 - ORGANIZATION'S MISSION TO OPERATE A 22 UNIT LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME WHICH PROVIDES DECENT, SAFE AND SANITARY HOUSING TO THE ELDERLY AND/OR DISABLED. THE DEVELOPMENT IS SUBSIDIZED BY USDA RURAL DEVELOPMENT AS TO ITS MORTGAGE AND RENTAL INCOME. FORM 990, PAGE 6, PART VI, LINE 6 THE CORPORATION WAS ORGANIZED WITH MEMBERS THAT ELECT THE BOARD OF DIRECTORS. MEMBERS OF THE CORPORATION SERVE A 3 YEAR TERM. FORM 990, PAGE 6, PART VI, LINE 7A NEW BOARD MEMBERS ARE ELECTED BY THE CURRENT MEMBERS OF THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PROVIDED TO THE PRESIDENT OF THE BOARD AND MANAGEMENT AGENT FOR REVIEW PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION IS REQUIRED TO REPORT TO THE USDA RURAL DEVELOPMENT REGARDING ANY CONFLICT OF INTEREST RELATIONSHIPS ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.