The Housing Foundation FY2022 filing

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HUD 223(f) LOW-INCOME HOUSING

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$5K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year 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 · 1% 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
Pay to officers and key staff
$5K
to officers and key staff · 0.8% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
42 mo
of spending, in cash
Looks good: 41.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.1M
115% of total assets
Concern: liabilities are 115% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$536K
-7% vs prior year
Spent
$613K
To programs
100%
Net assets
−$411K
By yearFY2021–FY2025
Revenue
$536K
FY2022▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$574K
FY2022$536K
FY2023$618K
FY2024$619K
FY2025$666K
Expenses
$613K
FY2022▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2021$530K
FY2022$613K
FY2023$588K
FY2024$651K
FY2025$601K
Net assets
−$411K
FY2022▼ -23%
Tap a bar for its year
Net assets by fiscal year
FY2021−$333K
FY2022−$411K
FY2023−$380K
FY2024−$411K
FY2025−$347K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1979.

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% · $613K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $5K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Director
$5,154Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Duska Hayman’s $4K as Executive Director is at the 3rd percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Duska Hayman$4,225$4,026$3,150$5,154$5,181

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Housing Foundation executive salaries →

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

The Housing Foundation is a housing nonprofit based in Orono, ME.

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1 program · $613K · in their own filed words · FY2021
01

The organization provides low-income housing with a 24 unit facility known as deer run apartments located in deer isle, maine and a 16 unit facility known as benjamin river apartments located in sedgwick, maine.

$613Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $3.3M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$2.9M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$451K

The auditor reported no findings.

Year ending Jun 2024 · $3.4M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.0M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$425K

The auditor reported no findings.

Year ending Jun 2023 · $3.5M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.0M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$438K

The auditor reported no findings.

Year ending Jun 2022 · $3.5M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.1M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$367K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$536K
Ln 12
Fees for servicesLn 2g$529K
Other incomeLn 4–11$6K
Investment incomeLn 3$658
Money outPt IX
$613K
Ln 25
Programscol B$613K
Owns and owesPt X
−$411K
net assets · Ln 32
Cash and savingsLn 1–2$2.1M
Total assetsLn 16$2.7M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$529K
Investment incomeLn 3$658
Other incomeLn 4–11$6K
Total revenueLn 12$536K
Assets in detailPt X, end of year
CashLn 1$2.1M
Cash and savings togetherLn 1–2$2.1M
Accounts receivableLn 4$3K
Prepaid expenses and deferred chargesLn 9$2K
Land, buildings, equipmentLn 10c$372K
Intangible assetsLn 14$196K
Total assetsLn 16$2.7M
LiabilitiesLn 26$3.1M
Net assetsLn 32−$411K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$2.2M$2.1M
Land, buildings, equipmentLn 10c$393K$372K
Total assetsLn 16$2.8M$2.7M
LiabilitiesLn 26$3.1M$3.1M
Net assetsLn 32−$333K−$411K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$5K$5K
Other salaries and wagesLn 7$48K$48K
InterestLn 20$113K$113K
Depreciation, depletion and amortizationLn 22$66K$66K
Other expenses (24a–d)Ln 24$353K$353K
All other expensesLn 24e$28K$28K
Total functional expensesLn 25$613K$613K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 17, 2025 $666K$601K$64K−$347K 990 PDF
FY2024Filed with the IRS Nov 12, 2024 $619K$651K−$31K−$411K 990 PDF
FY2023Filed with the IRS Oct 30, 2023 $618K$588K$31K−$380K 990 PDF
FY2022 ViewingFiled with the IRS Sep 29, 2022 $536K$613K−$77K−$411K 990 PDF
FY2021Filed with the IRS May 2, 2022 $574K$530K$44K−$333K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $535,666 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $567,609$528,739
I-10 Investment incomePrior year $830$658
I-11 Other revenuePrior year $5,973$6,269
I-12 Total revenuePrior year $574,412$535,666
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $50,492$53,504
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $479,433$559,490
I-18 Total expensesPrior year $529,925$612,994
I-19 Revenue less expensesPrior year $44,487−$77,328
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $535,666 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $528,739$528,739
VIII-3 Investment incomeExcluded from tax $658$658
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,269$6,269
VIII-12 Total revenueRelated to mission $535,008 · Unrelated business $0 · Excluded from tax $658$535,666
Part IX · Statement of functional expenses $612,994 across 6 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $5,154$5,154
IX-7 Other salaries and wagesPrograms $48,350$48,350
IX-20 InterestPrograms $113,195$113,195
IX-22 Depreciation, depletion and amortizationPrograms $65,501$65,501
IX-24 Other expenses (24a–d)Programs $352,606$352,606
IX-24e All other expensesPrograms $28,188$28,188
IX-25 Total functional expensesPrograms $612,994 · Management $0 · Fundraising $0$612,994
Part X · Balance sheet $2,690,905 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $2,214,676$2,118,095
X-4 Accounts receivableStart of year $961$3,194
X-9 Prepaid expenses and deferred chargesStart of year $2,317$2,377
X-10c Land, buildings and equipment, netStart of year $392,985$371,637
X-14 Intangible assetsStart of year $203,272$195,602
X-16 Total assetsStart of year $2,814,211$2,690,905
X-17 Accounts payable and accrued expensesStart of year $35,938$62,986
X-19 Deferred revenueStart of year $2,086$574
X-23 Secured mortgages and notes payableStart of year $3,097,516$3,025,423
X-25 Other liabilitiesStart of year $12,051$12,630
X-26 Total liabilitiesStart of year $3,147,591$3,101,613
X-27 Net assets without donor restrictionsStart of year −$333,380−$410,708
X-32 Total net assets or fund balancesStart of year −$333,380−$410,708
X-33 Total liabilities and net assetsStart of year $2,814,211$2,690,905
Part XI · Reconciliation of net assets −$410,708 net assets at year end
XI-1 Total revenue$535,666
XI-2 Total expenses$612,994
XI-3 Revenue less expenses−$77,328
XI-4 Net assets at start of year−$333,380
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$410,708

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

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