Nonprofit · EIN 47-1739509
RAISE-OP HOUSING COOPERATIVE
Tax-exempt · LEWISTON, ME 04240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $475,436 | $331,143 | $144,293 | $2,889,099 | $416,612 | $2,472,487 |
| December 31, 2024 | 990 | $316,653 | $378,628 | -$61,975 | $2,684,580 | $327,976 | $2,356,604 |
| December 31, 2023 | 990 | $941,299 | $306,260 | $635,039 | $2,757,637 | $339,058 | $2,418,579 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $236,093
- Program service revenue
- $182,732
- Investment income
- $56,611
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,350
- Other salaries and wages
- $103,307
- Salaries, compensation and benefits (total)
- $124,745
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $4,031
- Occupancy
- $116,359
- Depreciation
- $42,849
- Program services (functional)
- $295,952
- Management and general (functional)
- $22,378
- Fundraising (functional)
- $12,813
Balance sheet and other
- Total assets, start of year
- $2,684,580
- Total assets, end of year
- $2,889,099
- Total liabilities, end of year
- $416,612
- Net assets, end of year
- $2,472,487
- Land, buildings and equipment
- $874,685
- Publicly traded securities
- $356,698
- Net assets without donor restrictions
- $2,472,487
- Gross receipts
- $475,436
- Employees
- 2
- Volunteers
- 8
- Year formed
- 2014
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL HERRMANN | PRESIDENT/SECRETARY Trustee or director, Officer | 1 | $0 |
| IFRAAX SACIID | TREASURER (THRU SEPTEMBER) Trustee or director, Officer | 1 | $0 |
| STUART BROWN | DIRECTOR (THRU JULY) Trustee or director | 1 | $0 |
| HILOWLE ADEN | DIRECTOR (THRU JULY) Trustee or director | 1 | $0 |
| SIIRI CRESSEY | DIRECTOR Trustee or director | 1 | $0 |
| ZAK AYER | DIRECTOR Trustee or director | 1 | $0 |
| NIMO MOHAMED | DIRECTOR (THRU NOVEMBER) Trustee or director | 1 | $0 |
| BRENDAN AKERS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAAD MASOOD | PRESIDENT (THRU JULY) Trustee or director, Officer | 1 | $0 |
| MICHAEL HERRMANN | PRESIDENT/SECRETARY (FROM AUGUST) Trustee or director, Officer | 1 | $0 |
| LYNNEA HAWKINS | VICE PRESIDENT (THRU JULY) Trustee or director, Officer | 1 | $0 |
| BRENDAN AKERS | VICE PRESIDENT (FROM AUGUST) Trustee or director, Officer | 1 | $0 |
| RONALD FLANNERY | TREASURER (THRU JULY) Trustee or director, Officer | 1 | $0 |
| IFRAAX SACIID | TREASURER (FROM JULY) Trustee or director, Officer | 1 | $0 |
| STUART BROWN | DIRECTOR Trustee or director | 1 | $0 |
| HILOWLE ADEN | DIRECTOR Trustee or director | 1 | $0 |
| ABDINAJIB MOHAMED | DIRECTOR Trustee or director | 1 | $0 |
| ZAK AYER | DIRECTOR (FROM JULY) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHAAD MASOOD | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BRENDAN AKERS | DIRECTOR Trustee or director | 1 | $0 |
| LYNNEA HAWKINS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| RONALD FLANNERY | TREASURER Trustee or director, Officer | 1 | $0 |
| STUART BROWN | DIRECTOR Trustee or director | 1 | $0 |
| HILOWLE ADEN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL HERRMANN | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 145 PIERCE STREET OFFICE 102, LEWISTON, ME 04240-7343
- In care of
- % CRAIG SADDLEMIRE
- Principal officer (990 for 2025)
- MICHAEL HERRMANN, 145 PIERCE STREET 102, LEWISTON, ME 04240
- Signed the 990
- MICHAEL HERRMANN, PRESIDENT
- Phone
- (207) 200-1596
- Website
- RAISEOP.COM
- Return prepared by
- WEGNER CPAS LLP
Mission
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.
Program accomplishments
- 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 ALSO PROVIDED TECHNICAL ASSISTANCE TO NEW HOUSING COOPERATIVES IN MAINE.Expenses $295,952 · grants $10,350 · revenue $182,732
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-1739509
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,889,099
- Income (IRS master file)
- $475,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $475,436 | $331,143 | $2,889,099 | IRS |
| 990 | December 2024 | $316,653 | $378,628 | $2,684,580 | XML |
| 990 | December 2023 | $941,299 | $306,260 | $2,757,637 | XML |
| 990 | December 2022 | $963,863 | $291,906 | $2,075,829 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-1739509).
Questions about RAISE-OP HOUSING COOPERATIVE
- What is the EIN of RAISE-OP HOUSING COOPERATIVE?
- The employer identification number (EIN) of RAISE-OP HOUSING COOPERATIVE is 47-1739509.
- Is RAISE-OP HOUSING COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to RAISE-OP HOUSING COOPERATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RAISE-OP HOUSING COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RAISE-OP HOUSING COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RAISE-OP HOUSING COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RAISE-OP HOUSING COOPERATIVE?
- The 990 for the year ended December 31, 2025 names MICHAEL HERRMANN.
- Who are the officers and directors of RAISE-OP HOUSING COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does RAISE-OP HOUSING COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $475,436, expenses of $331,143 and total assets of $2,889,099 at year end.
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