Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
81 cents of each dollar spent went to programs.
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
10 people listed on the 990.
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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 15aYes
Programs and updates
Finances projects to boost community development for low-income Mainers.
Questions for Mainestream Finance
Your first name shows with your question. Mainestream Finance answers here, for everyone.
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Loan Servicing
MaineStream Finance offers loans to those who can not qualify for other loan products at an affordable rate. First mortgage loans are available to purchase, rehabilitate or refinance residential owner-occupied properties.
Economic Development
The economic development program of MaineStream Finance provides loans, education, and services to assist individuals to start small businesses and assist existing small businesses to grow.
Homebuyer Education
Classes for individuals seeking to purchase a home to learn the process and calculations involved in loan processing, home owners insurance, escrows, home inspections, and all other aspects of a home purchase.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $882K |
| InvestmentsLn 11–13 | $270K | $145K |
| Land, buildings, equipmentLn 10c | $2K | $0 |
| Total assetsLn 16 | $5.8M | $5.9M |
| LiabilitiesLn 26 | $4.7M | $4.8M |
| Net assetsLn 32 | $1.1M | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $5K | $5K | ||
| Legal feesLn 11b | $16K | $786 | $15K | |
| Accounting feesLn 11c | $14K | $11K | $3K | |
| Other fees for servicesLn 11g | $4K | $4K | ||
| Office expensesLn 13 | $18K | $18K | $561 | |
| Information technologyLn 14 | $25K | $22K | $3K | |
| OccupancyLn 16 | $41K | $14K | $27K | |
| TravelLn 17 | $3K | $3K | $493 | |
| InterestLn 20 | $117K | $117K | ||
| Depreciation, depletion and amortizationLn 22 | $2K | $2K | $417 | |
| InsuranceLn 23 | $7K | $5K | $2K | |
| Other expenses (24a–d)Ln 24 | $361K | $298K | $63K | |
| Total functional expensesLn 25 | $614K | $500K | $114K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $505K | $558K | −$53K | $2.8M | 990 PDF |
| FY2024 | $615K | $507K | $108K | $2.8M | 990 PDF |
| FY2023 | $485K | $584K | −$99K | $2.7M | 990 PDF |
| FY2022 | $1.4M | $643K | $799K | $2.8M | 990 PDF |
| FY2021 | $1.6M | $702K | $890K | $2.0M | 990 PDF |
| FY2020 Viewing | $659K | $614K | $45K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $659,119 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $659,119 across 7 lines filed
Part IX · Statement of functional expenses $613,868 across 12 lines filed
Part X · Balance sheet $5,933,338 assets, 15 lines filed
Part XI · Reconciliation of net assets $1,146,165 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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