2024-08-15T08:28:45-04:00 2023-12-31 043389217 BBSC CPAS 38 PARKWAY S BREWER ME 04412 990 2023-01-01 010358743 GLENBURN HOUSING CORPORATION GLEN 4 UNION PLAZA BOX 9 BANGOR ME 04401 ERIC STROUT PRESIDENT 2079902099 2024-08-14 true false MICHAEL P JONES CPA P00292757 2079418890 2024-08-15 2023 2024-08-08 14:25:15Z SUNNY GABLES ERIC STROUT 33 VICTORY LANE GLENBURN ME 04401 192355 false X X TO PROVIDE DECENT, SAFE AND SANITARY LOW-COST HOUSING TO THE ELDERLY AND HANDICAPPED. 7 7 0 0 0 181734 186747 807 1853 3367 3755 185908 192355 0 0 0 0 0 246470 246228 246470 246228 -60562 -53873 812554 779360 1283067 1303746 -470513 -524386 TO PROVIDE DECENT, SAFE AND SANITARY LOW-COST HOUSING TO THE ELDERLY AND HANDICAPPED. false false 233271 186743 24 UNIT LOW INCOME ELDERLY HOUSING DEVELOPMENT WITH RENTS SUBSIDIZED BY USDA RURAL DEVELOPMENT. 233271 false false false false false false false false false true false false false 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 true 7 0 0 false false false false false false false false X 7 7 true true false false false false false true true false false false false false false false false false X MULTI-MANAGEMENT GROUP 2079902099 4 UNION STREET BOX 9 BANGOR ME 04401 X JANET BROWN DIRECTOR 1.00 X 0 0 0 DAN DAUPHINEE SECRETARY 1.00 X X 0 0 0 ADINE FROST DIRECTOR 1.00 X 0 0 0 RICK MOORE DIRECTOR 1.00 X 0 0 0 BERNADETTE RUDNICKI VICE PRESIDE 1.00 X X 0 0 0 JIM RUDNICKI DIRECTOR 1.00 X 0 0 0 ERIC STROUT PRESIDENT 1.00 X X 0 0 0 false false false RENTAL INCOME 186747 186747 186747 1853 1853 LAUNDRY & VENDING INCOME 3755 3755 3755 192355 186747 5608 23229 17422 5807 6400 6400 100 100 103075 102325 750 27834 27834 58817 58817 8806 8806 REAL ESTATE TAXES 17454 17454 OTHER ADMINISTRATIVE EXP 276 276 OFFICE SUPPLIES 237 237 246228 233271 12957 0 4577 13243 273166 218857 1348 795 15557 16306 1864692 1335877 516504 528815 1402 1344 812554 779360 6852 20783 1206134 1201986 70081 80977 1283067 1303746 X -470513 -524386 -470513 -524386 812554 779360 -53873 X false true X true true true 30000 30000 1834692 1335877 498815 528815 ACCRUED INTEREST 66692 SECURITY DEPOSIT RESERVES 13900 UNEARNED RENT 385 80977 X 192355 192355 192355 246228 246228 246228 SCHEDULE D, PAGE 3, PART X INCOME TAXES THE ORGANIZATION IS A NOT FOR PROFIT CORPORATION RECOGNIZED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(4) OF THE 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, PAGE 6, PART VI, LINE 2 BERNADETTE RUDNICKI JIM RUDNICKI DIRECTOR VP SPOUSE FORM 990, PAGE 6, PART VI, LINE 3 MANAGEMENT FUNCTIONS ARE CONTRACTED AND PERFORMED BY AN OUTSIDE UNRELATED PROPERTY MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE RETURN IS PROVIDED TO CERTAIN BOARD MEMBERS AND MANAGEMENT AGENT FOR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.