Patten Housing Corp FY2020 filing

Not tax-deductible

Caribou, ME501(c)(4)HousingEIN 01-0332352

Low income senior housing

90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
2 of 5
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$118K
19% of total assets
Looks good: liabilities are 19% 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
$249K
Spent
$234K
To programs
90%
Net assets
$506K
By yearFY2020–FY2024
Revenue
$249K
FY2020
Revenue by fiscal year
FY2020$249K
FY2021$247K
FY2022$275K
FY2023$296K
FY2024$351K
Expenses
$234K
FY2020
Expenses by fiscal year
FY2020$234K
FY2021$250K
FY2022$297K
FY2023$305K
FY2024$301K
Net assets
$506K
FY2020
Net assets by fiscal year
FY2020$506K
FY2021$503K
FY2022$481K
FY2023$472K
FY2024$522K

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1981.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $211K Management & general 10% · $23K

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Patten Housing Corp 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

Patten Housing Corp is a membership association based in Caribou, ME.

Provided by the organization

This section is blank until Patten Housing Corp claims this page.

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1 program service account for $211K of program spending, described in the organization's own filed words · FY2020.
01

Low income senior citizen housing

$211Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$249K
Ln 12
Fees for servicesLn 2g$248K
Investment incomeLn 3$328
Money outPt IX
$234K
Ln 25
Programscol B$211K
Managementcol C$23K
Owns and owesPt X
$506K
net assets · Ln 32
Cash and savingsLn 1–2$267K
Total assetsLn 16$624K
LiabilitiesLn 26$118K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$248K
Investment incomeLn 3$328
Gains on assetsLn 7$0
Total revenueLn 12$249K
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$248K
Cash and savings togetherLn 1–2$267K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$342K
Other assetsLn 15$15K
Total assetsLn 16$624K
LiabilitiesLn 26$118K
Net assetsLn 32$506K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$386K$267K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$230K$342K
Total assetsLn 16$629K$624K
LiabilitiesLn 26$138K$118K
Net assetsLn 32$491K$506K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$18K$18K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$1K$1K
Management feesLn 11a$23K$23K
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$334$334
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$9K$9K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$13K$13K$188
Other expenses (24a–d)Ln 24$111K$111K
All other expensesLn 24e$25K$25K
Total functional expensesLn 25$234K$211K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $351K$301K$50K$522K 990 PDF
FY2023 $296K$305K−$9K$472K 990 PDF
FY2022 $275K$297K−$22K$481K 990 PDF
FY2021 $247K$250K−$3K$503K 990 PDF
FY2020 Viewing $249K$234K$15K$506K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $248,521 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $248,193$248,193
VIII-3 Investment incomeRelated to mission $328$328
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $248,521$248,521
Part IX · Statement of functional expenses $233,721 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $17,823$17,823
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $1,439$1,439
IX-11a Management feesManagement $23,004$23,004
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $334$334
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $9,217$9,217
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $32,959$32,959
IX-23 InsurancePrograms $12,804 · Management $188$12,992
IX-24 Other expenses (24a–d)Programs $110,806$110,806
IX-24e All other expensesPrograms $25,147$25,147
IX-25 Total functional expensesPrograms $210,529 · Management $23,192 · Fundraising $0$233,721
Part X · Balance sheet $623,939 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $55,803$18,704
X-2 Savings and temporary cash investmentsStart of year $330,437$248,434
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $648$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $230,436$341,981
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $12,071$14,820
X-16 Total assetsStart of year $629,395$623,939
X-17 Accounts payable and accrued expensesStart of year $7,634$4,301
X-25 Other liabilitiesStart of year $13,302$16,787
X-26 Total liabilitiesStart of year $138,292$118,036
X-27 Net assets without donor restrictionsStart of year $58,989$18,704
X-28 Net assets with donor restrictionsStart of year $432,114$487,199
X-32 Total net assets or fund balancesStart of year $491,103$505,903
X-33 Total liabilities and net assetsStart of year $629,395$623,939
Part XI · Reconciliation of net assets $505,903 net assets at year end
XI-1 Total revenue$248,521
XI-2 Total expenses$233,721
XI-3 Revenue less expenses$14,800
XI-4 Net assets at start of year$491,103
XI-10 Net assets at end of year$505,903

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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