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Jfm No 2 Corp FY2022 filing

Tax-deductible

Auburn, ME501(c)(3)Since 2006Housing EIN 20-8204522Revenue $108K in FY2022

On file with the IRSjfmhomes.org800 Center St, 04210-6404 · Auburn, METax-exempt since Jul 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low income housing to disabled individuals.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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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
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $35K a year · 29% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$34K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
-0.8% vs prior year
Spent
$145K
To programs
88%
Net assets
$1.2M
By yearFY2021–FY2026
Revenue
$108K
FY2022▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2021$109K
FY2022$108K
FY2023$109K
FY2024$123K
FY2025$130K
FY2026$154K
Expenses
$145K
FY2022▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2021$144K
FY2022$145K
FY2023$145K
FY2024$145K
FY2025$173K
FY2026$190K
Net assets
$1.2M
FY2022▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.1M
FY2025$1.1M
FY2026$1.1M

From the FY2022 Form 990 (year ending March 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Jul 2007.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $128K Management & general 12% · $18K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Deana Kane
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Steven Shaver
Treasurer
$0Pt VII · Sec A
Michael Drouin
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Jfm No 2 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers affordable homes to disabled people.

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Provided by the organization

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1 program · $128K · in their own filed words · FY2021
01

Provides 10 units of low income rental housing for the disabled in lewiston, maine.

$128Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$108K
Ln 12
Gifts and grantsLn 1h$70K
Fees for servicesLn 2g$37K
Other incomeLn 4–11$2K
Money outPt IX
$145K
Ln 25
Programscol B$128K
Managementcol C$18K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$197K
Total assetsLn 16$1.2M
LiabilitiesLn 26$34K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Government grantsLn 1e$70K
Fees for servicesLn 2g$37K
Investment incomeLn 3$256
Other incomeLn 4–11$2K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$192K
Cash and savings togetherLn 1–2$197K
Land, buildings, equipmentLn 10c$1.0M
Total assetsLn 16$1.2M
LiabilitiesLn 26$34K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$200K$197K
Land, buildings, equipmentLn 10c$1.1M$1.0M
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$35K$34K
Net assetsLn 32$1.2M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$35K$35K
Management feesLn 11a$7K$7K
Legal feesLn 11b$75$75
Accounting feesLn 11c$10K$10K
Office expensesLn 13$748$748
OccupancyLn 16$47K$47K
Depreciation, depletion and amortizationLn 22$46K$46K
Total functional expensesLn 25$145K$128K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $154K$190K−$37K$1.1M 990 PDF
FY2025 $130K$173K−$44K$1.1M 990 PDF
FY2024 $123K$145K−$22K$1.1M 990 PDF
FY2023 $109K$145K−$36K$1.2M 990 PDF
FY2022 Viewing $108K$145K−$37K$1.2M 990 PDF
FY2021 $109K$144K−$35K$1.2M 990 PDF

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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 $107,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $68,968$69,696
I-9 Program service revenuePrior year $39,312$36,504
I-10 Investment incomePrior year $277$256
I-11 Other revenuePrior year $342$1,537
I-12 Total revenuePrior year $108,899$107,993
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 $33,680$34,564
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $110,150$110,515
I-18 Total expensesPrior year $143,830$145,079
I-19 Revenue less expensesPrior year −$34,931−$37,086
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $107,993 across 6 lines filed
VIII-1e Government grants$69,696
VIII-1h Total contributions, gifts and grants$69,696
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $36,504$36,504
VIII-3 Investment incomeExcluded from tax $256$256
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,537$1,537
VIII-12 Total revenueRelated to mission $38,041 · Unrelated business $0 · Excluded from tax $256$107,993
Part IX · Statement of functional expenses $145,079 across 7 lines filed
IX-6 Pay of disqualified personsPrograms $34,564$34,564
IX-11a Management feesManagement $7,490$7,490
IX-11b Legal feesManagement $75$75
IX-11c Accounting feesManagement $10,000$10,000
IX-13 Office expensesPrograms $748$748
IX-16 OccupancyPrograms $46,582$46,582
IX-22 Depreciation, depletion and amortizationPrograms $45,620$45,620
IX-25 Total functional expensesPrograms $127,514 · Management $17,565 · Fundraising $0$145,079
Part X · Balance sheet $1,228,115 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $23,463$5,549
X-2 Savings and temporary cash investmentsStart of year $176,302$191,554
X-10c Land, buildings and equipment, netStart of year $1,066,542$1,031,012
X-16 Total assetsStart of year $1,266,307$1,228,115
X-17 Accounts payable and accrued expensesStart of year $24,191$23,085
X-25 Other liabilitiesStart of year $11,261$11,261
X-26 Total liabilitiesStart of year $35,452$34,346
X-27 Net assets without donor restrictionsStart of year −$297,445−$334,531
X-28 Net assets with donor restrictionsStart of year $1,528,300$1,528,300
X-32 Total net assets or fund balancesStart of year $1,230,855$1,193,769
X-33 Total liabilities and net assetsStart of year $1,266,307$1,228,115
Part XI · Reconciliation of net assets $1,193,769 net assets at year end
XI-1 Total revenue$107,993
XI-2 Total expenses$145,079
XI-3 Revenue less expenses−$37,086
XI-4 Net assets at start of year$1,230,855
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,193,769

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

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