2025-07-02T09:15:34-04:00 2024-12-31 931562211 FREEMAN & ASSOCIATES CPAS 1020 STILLWATER AVENUE BANGOR ME 04401 990 2024-01-01 010533179 FREEMAN FOREST HOUSING CORP FREE PO BOX 2219 BANGOR ME 04402 DWIGHT HASBROUCK PRESIDENT 2079476795 2025-07-02 true MICHAEL P JONES CPA P00292757 2073867870 2025-07-02 2024 2025-03-06 01:10:19Z DWIGHT HASBROUCK P O BOX 2219 BANGOR ME 04402 298112 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. 8 8 0 0 0 286332 297377 781 735 0 287113 298112 0 0 0 0 0 282075 293463 282075 293463 5038 4649 893518 891967 1111085 1104885 -217567 -212918 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 254742 297377 OPERATED A 22 UNIT ELDERLY LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME, PROVIDING DECENT, SAFE, AND SANITARY HOUSING. 254742 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 false 0 false false false false false false false false X 8 8 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 PO BOX 2219 BANGOR ME 044022219 X MARY PHILLIPS BOARD MEMBER 1.00 X 0 0 0 MITCH STONE BOARD MEMBER 1.00 X 0 0 0 OLEKSANDR TYUTYUNNYK BOARD MEMBER 1.00 X 0 0 0 DYAN WALSH BOARD MEMBER 1.00 X 0 0 0 TABATHA CASO SECRETARY 1.00 X 0 0 0 DWIGHT HASBROUCK PRESIDENT 1.00 X 0 0 0 LEO KENNEY VICE PRESIDE 1.00 X 0 0 0 TOM PERRY TREASURER 1.00 X 0 0 0 false false false RENTAL INCOME 297377 297377 297377 735 735 298112 297377 735 26015 26015 1961 1961 6475 6475 520 374 146 44450 44450 61046 61046 31853 31853 10279 8455 1824 MAINTENANCE AND REPAIRS 50944 50944 REAL ESTATE TAXES 17600 17600 SNOW REMOVAL 16830 16830 OTHER ADMINISTRATIVE 13990 11690 2300 11500 11500 293463 254742 38721 0 8347 36211 1850 11764 12081 1290709 570968 730889 719741 142518 122084 893518 891967 21839 32463 1073990 1057239 15256 15183 1111085 1104885 X -217567 -212918 -217567 -212918 893518 891967 4649 X false true true true true X 247960 255556 272868 286332 297377 1360093 247960 255556 272868 286332 297377 1360093 1360093 218 100 340 781 735 2174 1362267 297377 0.99840 0.99870 X 83263 83263 1145812 538011 607801 6368 6368 55266 26589 28677 719741 REPLACEMENT RESERVE 93340 SECURITY DEPOSIT ACCOUNT 14683 TAX AND INSURANCE 14061 122084 SECURITY DEPOSIT LIABILITY 14683 PREPAID TENANT RENT 500 15183 X 298112 298112 298112 293463 293463 293463 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, 2024 AND 2023. 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, 2024 AND 2023 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 RELATIONSHIP ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.