Dover-Foxcroft Housing Development Corporation

Not tax-deductible

Bangor, ME501(c)(4)EIN 01-0317899Revenue $568K in FY2024

On file with the IRS4 Union Plz Ste 9, 04401-4881 · Bangor, METax-exempt since Nov 1973

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To provide decent safe Housing for low income elderly households.

95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $35K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$443K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$568K
+0.5% vs prior year
Spent
$567K
To programs
95%
Net assets
$683K
By yearFY2020–FY2024
Revenue
$568K
FY2024+0.5%
Tap a bar for its year
Revenue by fiscal year
FY2020$543K
FY2021$535K
FY2022$526K
FY2023$566K
FY2024$568K
Expenses
$567K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$453K
FY2021$483K
FY2022$551K
FY2023$508K
FY2024$567K
Net assets
$683K
FY2024+0.1%
Tap a bar for its year
Net assets by fiscal year
FY2020$598K
FY2021$650K
FY2022$625K
FY2023$682K
FY2024$683K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $541K Management & general 5% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dover-Foxcroft Housing Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides safe, decent housing for low-income elderly households.

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Provided by the organization

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1 program · $541K · in their own filed words · FY2024
01

To provide decent safe housing for low income elderly households under the regulations and guidelines of the usda rural development.

$541Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$568K
Ln 12
Fees for servicesLn 2g$547K
Gifts and grantsLn 1h$19K
Investment incomeLn 3$2K
Money outPt IX
$567K
Ln 25
Programscol B$541K
Managementcol C$27K
Owns and owesPt X
$683K
net assets · Ln 32
Cash and savingsLn 1–2$347K
Total assetsLn 16$1.1M
LiabilitiesLn 26$443K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19K
Fees for servicesLn 2g$547K
Investment incomeLn 3$2K
Total revenueLn 12$568K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$319K
Cash and savings togetherLn 1–2$347K
Land, buildings, equipmentLn 10c$739K
Other assetsLn 15$150
Total assetsLn 16$1.1M
LiabilitiesLn 26$443K
Net assetsLn 32$683K
OperationsPt I, VI
EmployeesI 53
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$461K$347K
Land, buildings, equipmentLn 10c$645K$739K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$458K$443K
Net assetsLn 32$682K$683K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K$60K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$61K$46K$15K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$2K$2K
OccupancyLn 16$197K$197K
InterestLn 20$23K$23K
Depreciation, depletion and amortizationLn 22$85K$85K
InsuranceLn 23$34K$32K$2K
Other expenses (24a–d)Ln 24$74K$74K
All other expensesLn 24e$23K$18K$4K
Total functional expensesLn 25$567K$541K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $568K$567K$827$683K 990 PDF
FY2023 $566K$508K$58K$682K 990 PDF
FY2022 $526K$551K−$25K$625K 990 PDF
FY2021 $535K$483K$52K$650K 990 PDF
FY2020 $543K$453K$90K$598K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $568,203 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $17,645$19,295
I-9 Program service revenuePrior year $546,519$547,176
I-10 Investment incomePrior year $1,471$1,732
I-11 Other revenue$0
I-12 Total revenuePrior year $565,635$568,203
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,773$64,302
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $458,259$503,074
I-18 Total expensesPrior year $508,032$567,376
I-19 Revenue less expensesPrior year $57,603$827
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $568,203 across 5 lines filed
VIII-1f All other contributions, gifts and grants$19,295
VIII-1h Total contributions, gifts and grants$19,295
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $547,176$547,176
VIII-3 Investment incomeExcluded from tax $1,732$1,732
VIII-12 Total revenueRelated to mission $547,176 · Excluded from tax $1,732$568,203
Part IX · Statement of functional expenses $567,376 across 12 lines filed
IX-7 Other salaries and wagesPrograms $59,740$59,740
IX-10 Payroll taxesPrograms $4,562$4,562
IX-11a Management feesPrograms $45,591 · Management $15,197$60,788
IX-11b Legal feesManagement $1,488$1,488
IX-11c Accounting feesManagement $3,873$3,873
IX-12 Advertising and promotionPrograms $1,662$1,662
IX-16 OccupancyPrograms $197,054$197,054
IX-20 InterestPrograms $23,015$23,015
IX-22 Depreciation, depletion and amortizationPrograms $84,680$84,680
IX-23 InsurancePrograms $31,949 · Management $1,602$33,551
IX-24 Other expenses (24a–d)Programs $74,426$74,426
IX-24e All other expensesPrograms $18,067 · Management $4,470$22,537
IX-25 Total functional expensesPrograms $540,746 · Management $26,630 · Fundraising $0$567,376
Part X · Balance sheet $1,125,826 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $35,579$28,277
X-2 Savings and temporary cash investmentsStart of year $425,669$319,011
X-9 Prepaid expenses and deferred chargesStart of year $33,047$39,764
X-10c Land, buildings and equipment, netStart of year $645,353$738,624
X-15 Other assetsStart of year $200$150
X-16 Total assetsStart of year $1,140,374$1,125,826
X-17 Accounts payable and accrued expensesStart of year $12,740$38,391
X-25 Other liabilitiesStart of year $2,823$2,647
X-26 Total liabilitiesStart of year $457,962$442,587
X-27 Net assets without donor restrictionsStart of year $682,412$683,239
X-32 Total net assets or fund balancesStart of year $682,412$683,239
X-33 Total liabilities and net assetsStart of year $1,140,374$1,125,826
Part XI · Reconciliation of net assets $683,239 net assets at year end
XI-1 Total revenue$568,203
XI-2 Total expenses$567,376
XI-3 Revenue less expenses$827
XI-4 Net assets at start of year$682,412
XI-10 Net assets at end of year$683,239

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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