2024-05-14T13:02:28-05:00 2023-06-30 111986323 MARCUM LLP 53 STATE STREET BOSTON MA 02109 990 2022-07-01 222970652 BANGOR HOUSING DEVELOPMENT CORPORATION BANG 2079426365 161 DAVIS ROAD BANGOR ME 04401 MICHAEL MYATT EXECUTIVE DIRECTOR 2079426365 2024-05-14 MICHAEL MYATT 999009999 0 KRISTEN CUMMINGS P01510495 6178075000 2024-05-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL MYATT 161 DAVIS ROAD BANGOR ME 04401 2693999 0 X N/A X 1987 ME BANGOR HOUSING DEVELOPMENT WAS FORMED TO ADVOCATE FOR LOWER INCOME INDIVIDUALS AND FAMILIES 7 7 0 7 0 0 0 0 2629193 2658584 2261 35415 0 0 2631454 2693999 0 0 0 0 248881 290959 0 0 0 2872999 2745800 3121880 3036759 -490426 -342760 11209624 18401431 8372713 15906484 2836911 2494947 BANGOR HOUSING DEVELOPMENT WAS FORMED TO ADVOCATE FOR LOWER INCOME INDIVIDUALS AND FAMILIES 0 0 2873619 2658584 THE ORGANIZATION OWNS FOUR LOW-INCOME HOUSING PROJECTS AND TWO AFFORDABLE MARKET RATE PROJECTS LOCATED IN THE STATE OF MAINE. THESE INCLUDE AUTUMN PARK WEST, CRESTWOOD PLACE, GREENFIELD APARTMENTS, GRIFFIN SQUARE, THE LOFTS AT FREESE, OHIO STREET AND DAVIS ROAD SENIOR HOUSING. 2873619 1 0 0 0 0 0 0 0 0 0 1 0 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 1 0 0 0 1 15 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 0 1 0 1 1 0 0 0 0 X MICHAEL MYATT 2079426365 161 DAVIS ROAD BANGOR ME 04401 ELIZABETH HAYWARD PRESIDENT 1.00 X X 0 0 0 RODNEY MCKAY VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL MYATT SECRETARY 1.00 X X 56500 0 0 JANE JOHNSON DIRECTOR 1.00 X 0 0 0 ROBERTA DOWNEY DIRECTOR 1.00 X 0 0 0 RICHARD LAFERTIE DIRECTOR 1.00 X 0 0 0 PAUL CHAIKEN DIRECTOR 1.00 X 0 0 0 BRENDA BROWN DIRECTOR 1.00 X 0 0 0 56500 0 0 0 0 0 0 0 TENANT RENT 531110 2156859 2156859 HOUSING ASSISTANCE 531110 484267 484267 MISCELLANEOUS 531110 17458 17458 2658584 35415 35415 2693999 2658584 0 35415 238952 238952 52007 52007 153035 153035 10954 10954 42641 42641 105212 105212 292816 292816 540454 540454 86002 86002 REPAIRS & MAINTENANCE 729656 729656 UTILITIES 593310 593310 TAXES 114536 114536 OTHER ADMIN EXPENSE 43698 28411 15287 33486 33486 3036759 2873619 163140 0 714979 872567 892542 863889 35969 61822 18688 16538 15780118 7163800 8448561 8616318 1098885 7970297 11209624 18401431 645668 1384100 7521426 14318783 205619 203601 8372713 15906484 X 2836911 2494947 2836911 2494947 11209624 18401431 X -342760 796 X 1 X 0 0 0 X 1480824 466472 489145 483835 484267 3404543 1480824 466472 489145 483835 484267 3404543 3404543 22107 -14441 3679 2261 35415 49021 3453564 0.98580 0.99300 X 848984 848984 12885650 6145948 6739702 489655 193818 295837 1555829 824034 731795 8616318 TENANT SECURITY DEPOSIT 182399 CONSTRUCTION IN PROGRESS 7787898 7970297 TENANT SECURITY DEPOSITS 186405 PREPAID TENANT RENT 17196 203601 X 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. 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 B, LINE 11B THE FORM 990 IS SENT TO ITS AFFILIATE, BANGOR HOUSING AUTHORIY, FOR REVIEW AND FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZING AND OPERATING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS 1,100. SYNDICATION FEES -304. BANGOR HOUSING AUTHORITY 161 DAVIS ROAD BANGOR ME 04401 AFFORDABLE HOUSING ME 501(C)(1) 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 BANGOR HOUSING AUTHORITY B 281195 FMV BANGOR HOUSING AUTHORITY M 153035 FMV BANGOR HOUSING AUTHORITY M 795715 FMV SCHEDULE R, PART V THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH THE BANGOR HOUSING AUTHORITY (BHA), A RELATED PARTY WITH COMMON BOARD MEMBERS WITH BHDC. BHA ALSO PROVIDES MAINTENANCE SERVICES AND ADMINISTRATIVE SERVICES TO THE ORGANIZATION. BHDC DOES NOT HAVE ANY EMPLOYEES. ALL EMPLOYEES ARE EMPLOYED BY THE BANGOR HOUSING AUTHORITY. THE BANGOR HOUSING AUTHORITY BILLS BHDC MONTHLY FOR THE COST OF ITS EMPLOYEES WHO WORK ON BHDC PROPERTIES. THE OFFICE SALARIES EXPENSE FOR BHDC IS COMPRISED OF THE PORTION OF BHA'S SALARIES THAT ARE ALLOCATED TO BHDC PROPERTIES.