2024-11-07T14:17:08-06:00 2023-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2023-01-01 471739509 RAISE-OP HOUSING COOPERATIVE RAIS 2072001596 145 PIERCE STREET OFFICE 102 LEWISTON ME 04240 CRAIG SADDLEMIRE COOPERATIVE DEVELOPMENT ORG 2072001596 2024-11-06 1 0 BRUCE MAYER CPA P00187180 6082744020 2024-10-31 2023 2024-10-15 13:58:12Z SHAAD MASOOD 145 PIERCE STREET OFFICE 102 LEWISTON ME 04240 941299 0 X HTTP://WWW.RAISEOP.COM X 2014 ME THE MISSION OF THE RAISE-OP IS TO OPERATE SAFE AND AFFORDABLE HOUSING THAT IS DEMOCRATICALLY CONTROLLED BY ITS MEMBERS ON A NON-PROFIT BASIS. 7 7 2 50 0 0 715581 39205 248239 894314 43 50 0 7730 963863 941299 0 0 0 0 102534 104518 0 0 10696 189372 201742 291906 306260 671957 635039 2075829 2757637 292289 339058 1783540 2418579 THE MISSION OF THE RAISE-OP IS TO OPERATE SAFE AND AFFORDABLE HOUSING THAT IS DEMOCRATICALLY CONTROLLED BY ITS MEMBERS ON A NON-PROFIT BASIS. 0 0 240937 0 894314 RAISE-OP PROVIDED SAFE, QUALITY, AFFORDABLE, ENERGY-EFFICIENT HOUSING; MAINTAINED CLEAN BUILDINGS AND COMMON SPACES; PROVIDED A VARIETY OF HOUSING OPTIONS; AND FOSTERED STEWARDSHIP OF THE LAND, BUILDINGS, AND THE COOPERATIVE'S ASSETS. RAISE-OP DEVELOPED 18 NEW UNITS OF AFFORDABLE HOUSING RESERVED FOR HOUSEHOLDS AT OR BELOW 60% AREA MEDIAN INCOME. 240937 1 1 0 1 0 0 0 0 0 0 1 0 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 0 0 1 1 0 0 1 0 0 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 X CRAIG SADDLEMIRE 2072001596 145 PIERCE STREET OFFICE 102 LEWISTON ME 04240 X SHAAD MASOOD PRESIDENT 1.00 X X 0 0 0 BRENDAN AKERS DIRECTOR 1.00 X 0 0 0 LYNNEA HAWKINS VICE PRESIDENT 1.00 X X 0 0 0 RONALD FLANNERY TREASURER 1.00 X X 0 0 0 STUART BROWN DIRECTOR 1.00 X 0 0 0 HILOWLE ADEN DIRECTOR 1.00 X 0 0 0 MICHAEL HERRMANN SECRETARY 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 39205 39205 DEVELOPMENT FEE INCOME 531110 729727 729727 RENTAL INCOME 531110 164587 164587 894314 50 50 7730 7730 7730 941299 894314 0 7780 87512 68259 10939 8314 9611 7495 1202 914 7395 5768 924 703 20 20 2900 2900 36160 36160 5390 4197 682 511 525 520 5 98834 98292 542 375 292 47 36 552 430 69 53 36577 36211 366 17193 17193 BAD DEBTS 932 932 DUES 303 303 1981 1348 468 165 306260 240937 54627 10696 74107 24856 110809 73940 568 5259 687285 930876 10522 10522 1167484 274241 790902 893243 229636 401636 412998 0 176307 2075829 2757637 4598 3051 258718 306325 28973 29682 292289 339058 X 1783540 2418579 1783540 2418579 2075829 2757637 635039 0 X 0 0 0 X 78059 364812 252964 715581 39205 1450621 78059 364812 252964 715581 39205 1450621 871452 579169 27 22 49 43 50 191 1450812 1561054 0.39920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 636 0 0 636 0 PART II-B, LINE 1: 27 HOURS OF STAFF TIME, AT A COST OF $636. TESTIFIED IN SUPPORT OF VARIOUS HOUSING-RELATED BILLS BEFORE THE MAINE STATE LEGISLATURE. 94579 94579 1007539 230482 777057 56860 38197 18663 8506 5562 2944 893243 INVESTMENT IN ROHC GP 1 LLC 79 C INVESTMENT IN ROHC GP 1 LLC 412919 F 412998 DEFERRED DEVELOPER FEE 171307 INSURANCE ESCROW 5000 176307 SECURITY DEPOSITS 29682 29682 FORM 990, PART VI, SECTION A, LINE 6 ALL RESIDENTS OF THE THREE COOPERATIVE BUILDINGS ARE MEMBERS OF RAISE-OP. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF RAISE-OP HAVE THE RIGHT TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE MEMBERS OF THE GOVERNING BODY ARE ELECTED ON AN ANNUAL BASIS AND AS VACANCIES ARISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS MUST APPROVE CHANGES TO ARTICLES OF INCORPORATION AND BY-LAWS, AND MAY DISSOLVE THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED BY THE COOPERATIVE DEVELOPMENT ORGANIZER AND THE TREASURER BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C STAFF REQUIRES BOARD MEMBERS AND OFFICERS TO REAFFIRM THAT THEY HAVE READ THE POLICY EACH YEAR. IN THE EVENT A DIRECTOR HAS A CONFLICT OF INTEREST IN ANY MATTER BEFORE THE BOARD, THE REMAINING DIRECTORS OF THE BOARD BY MAJORITY VOTE MAY REQUIRE THAT DIRECTOR TO RECUSE THEMSELVES FROM THE MATTER, AND SHALL ALWAYS COMPLY WITH THE REQUIREMENTS OF THE IRS STANDARD CONFLICT OF INTEREST POLICY. 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. ROHC GP 1 LLC 145 PIERCE STREET OFFICE 102 LEWISTON ME 04240 873755219 RENTAL REAL ESTATE ME C 611929 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0