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St Francis Development Corporation

Fort Kent, MEUnknown exempt organizationEIN 01-0330932Revenue $262K in FY2024

On file with the IRSPo Box 466 · Fort Kent, ME

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To provide housing for the elderly

100¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
3 of 5
filings with a surplus
Average surplus $22K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$284K
48% of total assets
Looks good: liabilities are 48% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$262K
+3% vs prior year
Spent
$271K
To programs
100%
Net assets
$303K
By yearFY2020–FY2024
Revenue
$262K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$265K
FY2021$255K
FY2022$255K
FY2023$253K
FY2024$262K
Expenses
$271K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$204K
FY2021$213K
FY2022$230K
FY2023$261K
FY2024$271K
Net assets
$303K
FY2024▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$252K
FY2021$294K
FY2022$320K
FY2023$312K
FY2024$303K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $271K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
June Jandreau
Treasurer/Se
$0Pt VII · Sec A
Benny Nadeau
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See St Francis 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 and affordable housing for seniors.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To provide housing for the elderly and low income.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$262K
Ln 12
Fees for servicesLn 2g$250K
Investment incomeLn 3$9K
Other incomeLn 4–11$3K
Money outPt IX
$271K
Ln 25
Programscol B$271K
Owns and owesPt X
$303K
net assets · Ln 32
Cash and savingsLn 1–2$344K
Total assetsLn 16$587K
LiabilitiesLn 26$284K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$250K
Investment incomeLn 3$9K
Other incomeLn 4–11$3K
Total revenueLn 12$262K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$333K
Cash and savings togetherLn 1–2$344K
Land, buildings, equipmentLn 10c$232K
Total assetsLn 16$587K
LiabilitiesLn 26$284K
Net assetsLn 32$303K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
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$344K$344K
Land, buildings, equipmentLn 10c$263K$232K
Total assetsLn 16$623K$587K
LiabilitiesLn 26$311K$284K
Net assetsLn 32$312K$303K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$64K$64K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$935$935
OccupancyLn 16$148K$148K
TravelLn 17$4K$4K
InterestLn 20$18K$18K
Depreciation, depletion and amortizationLn 22$33K$33K
Other expenses (24a–d)Ln 24$173$173
Total functional expensesLn 25$271K$271K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $262K$271K−$9K$303K 990 PDF
FY2023 $253K$261K−$8K$312K 990 PDF
FY2022 $255K$230K$25K$320K 990 PDF
FY2021 $255K$213K$42K$294K 990 PDF
FY2020 $265K$204K$60K$252K 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 $261,639 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $249,930$249,719
I-10 Investment incomePrior year $226$8,981
I-11 Other revenuePrior year $3,022$2,939
I-12 Total revenuePrior year $253,178$261,639
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $261,302$270,613
I-18 Total expensesPrior year $261,302$270,613
I-19 Revenue less expensesPrior year −$8,124−$8,974
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $261,639 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $249,719$249,719
VIII-3 Investment incomeRelated to mission $8,981$8,981
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,939$2,939
VIII-12 Total revenueRelated to mission $261,639$261,639
Part IX · Statement of functional expenses $270,613 across 8 lines filed
IX-11a Management feesPrograms $63,798$63,798
IX-11c Accounting feesPrograms $2,835$2,835
IX-12 Advertising and promotionPrograms $935$935
IX-16 OccupancyPrograms $147,536$147,536
IX-17 TravelPrograms $4,500$4,500
IX-20 InterestPrograms $17,686$17,686
IX-22 Depreciation, depletion and amortizationPrograms $33,150$33,150
IX-24 Other expenses (24a–d)Programs $173$173
IX-25 Total functional expensesPrograms $270,613 · Management $0 · Fundraising $0$270,613
Part X · Balance sheet $587,459 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $17,598$11,216
X-2 Savings and temporary cash investmentsStart of year $326,499$332,610
X-4 Accounts receivableStart of year $9,389$8,609
X-9 Prepaid expenses and deferred chargesStart of year $6,390$3,476
X-10c Land, buildings and equipment, netStart of year $263,100$231,548
X-16 Total assetsStart of year $622,976$587,459
X-24 Unsecured notes and loans payableStart of year $293,004$267,437
X-25 Other liabilitiesStart of year $17,761$16,785
X-26 Total liabilitiesStart of year $310,765$284,222
X-27 Net assets without donor restrictionsStart of year $312,211$303,237
X-32 Total net assets or fund balancesStart of year $312,211$303,237
X-33 Total liabilities and net assetsStart of year $622,976$587,459
Part XI · Reconciliation of net assets $303,237 net assets at year end
XI-1 Total revenue$261,639
XI-2 Total expenses$270,613
XI-3 Revenue less expenses−$8,974
XI-4 Net assets at start of year$312,211
XI-10 Net assets at end of year$303,237

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

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