2024-09-06T14:27:48-05:00 2023-12-31 203690847 OTIS ATWELL 324 GANNETT DRIVE SOUTH PORTLAND ME 04106 990 2023-01-01 223100803 HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR HOUS 2077748812 264 US ROUTE 1 BLDG 300 SUITE 2A SCARBOROUGH ME 04074 CYNTHIA MILLIKEN TAYLOR PRESIDENT 2077748812 2024-09-06 1 GREGORY GEISSER P01216187 2077801100 2023 2024-08-08 14:25:15Z CYNTHIA MILLIKEN TAYLOR 264 US ROUTE 1 BLDG 300 SUITE 2A SCARBOROUGH ME 04074 34638111 0 X WWW.HINEC.ORG X 1991 NH LOW-INCOME HOUSING 5 5 5 0 0 0 1933293 939755 2419660 9219170 8261193 20397518 0 0 12614146 30556443 0 0 0 0 1158073 1246724 0 0 0 2690107 1950968 3848180 3197692 8765966 27358751 80202462 101529619 11271802 3279511 68930660 98250108 LOW-INCOME HOUSING 0 0 1414042 27318988 MAINTAINED EIGHT (8) QUALITY LOW-INCOME ELDERLY AND FAMILY (SECTION 8) PROJECTS AND PRESERVED THEM FOR LOW-INCOME HOUSING PURPOSES. 1414042 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 5 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X CYNTHIA J MILLIKEN TAYLOR 2077748812 264 US ROUTE 1 BUILDING 300 SUITE SCARBOROUGH ME 04074 DAVID SILK CHAIRPERSON 5.00 X 0 0 0 CYNTHIA J MILLIKEN TAYLOR PRESIDENT 40.00 X X 399021 0 66000 TIMOTHY HASSETT TREASURER 5.00 X 0 0 0 JANE O'ROURKE SECRETARY 5.00 X 0 0 0 MARC POULIN VICE PRESIDENT 5.00 X 0 0 0 WILLIAM W WALKER VICE PRESIDENT 40.00 X 214732 0 61760 613753 0 127760 4 0 1 0 STEWART PROPERTY MANAGEMENT 2 COTE LANE SUITE 3 BEDFORD NH 03110 MANAGEMENT AND ADMINISTRATIVE 164768 1 939755 939755 DEVELOPMENT FEES 531110 7980732 7980732 TENANT RENT 531110 420169 420169 COMMERCIAL RENT 531110 360864 360864 CONSULTING SERVICE 531110 292075 292075 TAX CREDIT FEE INCOME 531110 114488 114488 50842 50842 9219170 1936836 1936836 370030 22172320 0 4081668 370030 18090652 18460682 18460682 30556443 27318988 0 2297700 X 613753 613753 269059 269059 201806 201806 112776 112776 49330 49330 93769 93769 10725 10725 48700 18700 30000 225000 225000 62 62 92516 11768 80748 22429 22429 225083 224941 142 416613 280938 135675 60271 45577 14694 UTILITIES 209007 192366 16641 BUILDING CONTRACTUAL SE 110452 110452 BUILDING REPAIRS 107927 107927 PROPERTY TAXES 79031 79031 249383 237786 11597 3197692 1414042 1783650 0 717022 199406 22415487 24256361 138687 17899 31696 28891 12764373 3870504 12587964 8893869 7807377 8117756 36504229 60015437 80202462 101529619 120464 80351 10932891 3138341 218447 60819 11271802 3279511 X 68930660 98250108 68930660 98250108 80202462 101529619 27358751 1960697 0 X 0 1 X 0 0 X 2450441 2218142 1934110 1830425 1012748 9445866 2450441 2218142 1934110 1830425 1012748 9445866 9445866 1485303 5109737 2253244 1608788 2306686 12763758 22209624 43822994 0.42530 0.40060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 881800 881800 11882573 3870504 8012069 8893869 INVESTMENT IN PARTNERSHIPS 8117756 C 8117756 TENANT SECURITY DEPOSIT CASH 29875 FINANCING FEES (NET) 83760 NOTES RECEIVABLE - RELATED PARTIES 48748461 DEVELOPMENT FEES RECEIVABLE 8980973 LIFE INSURANCE POLICY 465727 PROJECTS IN DEVELOPMENT 1706641 60015437 PREPAID RENTS 5244 TENANT SECURITY DEPOSIT LIABILITIES 10603 REFUNDABLE ADVANCE - TAX CREDIT INCOME 44972 60819 X 0 0 0 0 0 0 0 0 0 CYNTHIA J MILLIKEN TAYLOR PRESIDENT 399021 0 0 0 0 0 66000 0 0 0 465021 0 0 0 WILLIAM W WALKER VICE PRESIDENT 214732 0 0 0 0 0 61760 0 0 0 276492 0 0 0 CROCKETT TAYLOR AND COMPANY PRINCIPAL IN FIRM IS RELATED TO BOARD MEMBER/OFFICER. 225000 CONSULTING FEES 0 FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS INCLUDE THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS ARE ELECTED BY ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR APPROVING GOVERNING DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE PRESIDENT FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A A THIRD PARTY REPORT IS INCLUDED IN THE REVIEW OF OFFICER COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZING AND OPERATING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E FRONT-LINE FEES: PROGRAM SERVICE EXPENSES 46,959. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,959. GROUNDS: PROGRAM SERVICE EXPENSES 46,365. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,365. AMORTIZATION: PROGRAM SERVICE EXPENSES 33,637. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 33,637. SNOW REMOVAL: PROGRAM SERVICE EXPENSES 30,523. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,523. SUPPORTIVE SERVICES: PROGRAM SERVICE EXPENSES 24,040. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,040. JANITORIAL TOOLS & SUPPLIES: PROGRAM SERVICE EXPENSES 13,485. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,485. TRASH REMOVAL: PROGRAM SERVICE EXPENSES 13,224. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,224. MISCELLANEOUS FINANCIAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 11,597. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,597. JANITORIAL CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 10,547. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,547. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 9,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,926. ELEVATOR REPAIRS & MAINTENANCE: PROGRAM SERVICE EXPENSES 8,228. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,228. EXTERMINATING: PROGRAM SERVICE EXPENSES 852. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 852. 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