philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Norridgewock Housing Corp FY2022 filing

Not tax-deductible

Norridgewock, ME501(c)(4)EIN 01-0346779

Provide housing for the elderly

89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $6K a year · 3% 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$116K
26% of total assets
Looks good: liabilities are 26% 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
$204K
+3% vs prior year
Spent
$221K
To programs
89%
Net assets
$326K
By yearFY2020–FY2024
Revenue
$204K
FY2022▲ +3%
Revenue by fiscal year
FY2020$213K
FY2021$199K
FY2022$204K
FY2023$229K
FY2024$253K
Expenses
$221K
FY2022▲ +22%
Expenses by fiscal year
FY2020$197K
FY2021$182K
FY2022$221K
FY2023$239K
FY2024$228K
Net assets
$326K
FY2022▼ -5%
Net assets by fiscal year
FY2020$325K
FY2021$342K
FY2022$326K
FY2023$316K
FY2024$341K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Sep 1978.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $197K Management & general 11% · $24K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Elwin Matthews
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Marlen Clark
Director
$0Pt VII · Sec A
David Lyman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Norridgewock Housing Corp executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers safe and affordable housing for seniors.

Provided by the organization

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

Know this organization? Claim it to add your story

1 program service account for $197K of program spending, described in the organization's own filed words · FY2022.
01

Operation of a 24 unit housing project for the elderly.

$197Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$204K
Ln 12
Fees for servicesLn 2g$109K
Gifts and grantsLn 1h$95K
Investment incomeLn 3$520
Money outPt IX
$221K
Ln 25
Programscol B$197K
Managementcol C$24K
Owns and owesPt X
$326K
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$441K
LiabilitiesLn 26$116K
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$95K
Government grantsLn 1e$95K
Fees for servicesLn 2g$109K
Investment incomeLn 3$520
Total revenueLn 12$204K
Assets in detailPt X, end of year
CashLn 1$20K
SavingsLn 2$125K
Cash and savings togetherLn 1–2$145K
Land, buildings, equipmentLn 10c$295K
Total assetsLn 16$441K
LiabilitiesLn 26$116K
Net assetsLn 32$326K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$137K$145K
Land, buildings, equipmentLn 10c$324K$295K
Total assetsLn 16$463K$441K
LiabilitiesLn 26$120K$116K
Net assetsLn 32$342K$326K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$21K$10K$10K
Legal feesLn 11b$2$1$1
Accounting feesLn 11c$6K$3K$3K
Office expensesLn 13$610$305$305
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$143K$134K$9K
All other expensesLn 24e$6K$5K$1K
Total functional expensesLn 25$221K$197K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $253K$228K$25K$341K 990 PDF
FY2023 $229K$239K−$10K$316K 990 PDF
FY2022 Viewing $204K$221K−$17K$326K 990 PDF
FY2021 $199K$182K$17K$342K 990 PDF
FY2020 $213K$197K$16K$325K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $204,294 across 5 lines filed
VIII-1e Government grants$94,758
VIII-1h Total contributions, gifts and grants$94,758
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $109,016$109,016
VIII-3 Investment incomeRelated to mission $520$520
VIII-12 Total revenueRelated to mission $109,536 · Unrelated business $0 · Excluded from tax $0$204,294
Part IX · Statement of functional expenses $220,833 across 9 lines filed
IX-11a Management feesPrograms $10,425 · Management $10,425$20,850
IX-11b Legal feesPrograms $1 · Management $1$2
IX-11c Accounting feesPrograms $2,850 · Management $2,850$5,700
IX-13 Office expensesPrograms $305 · Management $305$610
IX-20 InterestPrograms $6,582$6,582
IX-22 Depreciation, depletion and amortizationPrograms $29,360$29,360
IX-23 InsurancePrograms $8,536$8,536
IX-24 Other expenses (24a–d)Programs $133,944 · Management $8,921$142,865
IX-24e All other expensesPrograms $4,993 · Management $1,335$6,328
IX-25 Total functional expensesPrograms $196,996 · Management $23,837 · Fundraising $0$220,833
Part X · Balance sheet $441,375 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $28,848$19,679
X-2 Savings and temporary cash investmentsStart of year $107,704$124,879
X-4 Accounts receivableStart of year $742$833
X-9 Prepaid expenses and deferred chargesStart of year $1,374$1,422
X-10c Land, buildings and equipment, netStart of year $323,922$294,562
X-16 Total assetsStart of year $462,590$441,375
X-17 Accounts payable and accrued expensesStart of year $230$10,667
X-19 Deferred revenueStart of year $2,080$3,183
X-25 Other liabilitiesStart of year $9,271$10,948
X-26 Total liabilitiesStart of year $120,367$115,691
X-27 Net assets without donor restrictionsStart of year $342,223$325,684
X-32 Total net assets or fund balancesStart of year $342,223$325,684
X-33 Total liabilities and net assetsStart of year $462,590$441,375
Part XI · Reconciliation of net assets $325,684 net assets at year end
XI-1 Total revenue$204,294
XI-2 Total expenses$220,833
XI-3 Revenue less expenses−$16,539
XI-4 Net assets at start of year$342,223
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$325,684

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.