Nonprofit · EIN 88-2744301
BOOTHBAY REGIONAL DEVELOPMENT CORPORATION
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $804,961 | $3,355 | $801,606 | $11,743,478 | $8,378,343 | $3,365,135 |
| December 31, 2024 | 990 | $767,842 | $1,463 | $766,379 | $2,637,943 | $74,414 | $2,563,529 |
| December 31, 2023 | 990 | $1,706,815 | $1,672 | $1,705,143 | $1,797,150 | $0 | $1,797,150 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $798,848
- Program service revenue
- $0
- Investment income
- $6,113
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $3,355
Balance sheet and other
- Total assets, start of year
- $2,637,943
- Total assets, end of year
- $11,743,478
- Total liabilities, end of year
- $8,378,343
- Net assets, end of year
- $3,365,135
- Land, buildings and equipment
- $11,453,312
- Gross receipts
- $1,334,961
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2022
- 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 |
|---|---|---|---|
| STEPHEN MALCOM | PRESIDENT & DIRECTOR Trustee or director, Officer | 3 | $0 |
| ERIN COOPERRIDTER | VP, TREASURER & DIRECTOR Trustee or director, Officer | 3 | $0 |
| SUSAN WITT | SECRETARY & DIRECTOR Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN MALCOM | PRESIDENT & DIRECTOR Trustee or director, Officer | 3 | $0 |
| ERIN COOPERRIDTER | VP, TREASURER & DIRECTOR Trustee or director, Officer | 3 | $0 |
| SUSAN WITT | SECRETARY & DIRECTOR Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN MALCOM | PRESIDENT & DIRECTOR Trustee or director, Officer | 3 | $0 |
| ERIN COOPERRIDTER | VP, TREASURER & DIRECTOR Trustee or director, Officer | 3 | $0 |
| SUSAN WITT | SECRETARY & DIRECTOR Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 97A EXCHANGE STREET, PORTLAND, ME 04101-5016
- Principal officer (990 for 2025)
- ERIN COOPERRIDER, 97A EXCHANGE ST, PORTLAND, ME 04101
- Signed the 990
- ERIN COOPERRIDER, TREASURER
- Phone
- (207) 720-0181
- Return prepared by
- Bruce A Bachelder CPA
Mission
DEVELOP AFFORDABLE HOUSING IN THE BOOTHBAY MAINE REGION
Program accomplishments
- IN 2025, BRDC RECEIVED DONATIONS FROM 19 INDIVIDUALS OR FOUNDATIONS TOTALING $798,848. BRDC COMPLETED CONSTRUCTION OF A UTILITY PROJECT THAT CONNECTED THE PREVIOUSLY PURCHASED LAND TO TOWN WATER AND SEWER SERVICES AND BUILT A NEW PUMP STATION SIZED FOR FUTURE DEVELOPMENT OF THE SITE. THIS PROJECT MADE USE OF $1.5 MILLION IN TIF FUNDS ADN $350,000 IN ARPA FUNDS, AND OVER $1.5 MILLION IN PRIVATE DONATIONS. BRDC ALSO COMPLETED A 20-UNIT CONDOMINIUM PROJECT TARGETING LOW-AND-MODERATE INCOME HOUSEHOLDS. BRDC WAS AWARDED A $600,000 GRANT FROM THE FEDERAL HOME LOAN BANK OF BOSTON AND A $550,400 GRANT FROM MAINEHOUSING.Expenses $3,355
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
- 88-2744301
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $11,743,478
- Income (IRS master file)
- $1,334,961
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $804,961 | $3,355 | $11,743,478 | IRS |
| 990 | December 2024 | $767,842 | $1,463 | $2,637,943 | XML |
| 990 | December 2023 | $1,706,815 | $1,672 | $1,797,150 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-2744301).
Questions about BOOTHBAY REGIONAL DEVELOPMENT CORPORATION
- What is the EIN of BOOTHBAY REGIONAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BOOTHBAY REGIONAL DEVELOPMENT CORPORATION is 88-2744301.
- Is BOOTHBAY REGIONAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to BOOTHBAY REGIONAL DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BOOTHBAY REGIONAL DEVELOPMENT CORPORATION 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 BOOTHBAY REGIONAL DEVELOPMENT CORPORATION 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 BOOTHBAY REGIONAL DEVELOPMENT CORPORATION 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 BOOTHBAY REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names ERIN COOPERRIDER.
- Who are the officers and directors of BOOTHBAY REGIONAL DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BOOTHBAY REGIONAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $804,961, expenses of $3,355 and total assets of $11,743,478 at year end.
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