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Cei Housing INC FY2020 filing

Brunswick, MEUnknown exempt organizationEIN 22-3080013Revenue $966K in FY2020

On file with the IRSceimaine.org30 Federal Stret · Brunswick, ME

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To provide affordable rental, home ownership, supported Housing and related services primarily targeted to low to moderate income individuals and families that qualify under hud guidelines

85¢ 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
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $89K a year · 17% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.3M
93% of total assets
Concern: liabilities are 93% of assets; over 80%.
Pt X · Ln 26
Independent board members
1
of 5 voting members
Worth a look: 1 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$966K
Spent
$1.0M
To programs
85%
Net assets
$302K
By yearFY2020–FY2023
Revenue
$966K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$966K
FY2021$826K
FY2022$455K
FY2023−$163K
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$896K
FY2022$418K
FY2023$104K
Net assets
$302K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$302K
FY2021$232K
FY2022$267K
FY2023$0

From the FY2020 Form 990 (year ending September 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $872K Management & general 15% · $150K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
David Wedick
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
John Egan
Senior Vice President
$0Pt VII · Sec A
Keith Bisson
President
$0Pt VII · Sec A
Laura Buxbaum
Secretary
$0Pt VII · Sec A
See Cei Housing INC 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

Offers affordable housing, homeownership, and support services to low-income individuals and families.

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Provided by the organization

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1 program · $872K · in their own filed words · FY2019
01

To provide affordable rental, home ownership, supported housing and related services primarily targeted to low to moderate income individuals and families that qualify under hud guidelines

$872Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$966K
Ln 12
Fees for servicesLn 2g$958K
Other incomeLn 4–11$6K
Investment incomeLn 3$3K
Money outPt IX
$1.0M
Ln 25
Programscol B$872K
Managementcol C$150K
Owns and owesPt X
$302K
net assets · Ln 32
Cash and savingsLn 1–2$435K
Total assetsLn 16$4.6M
LiabilitiesLn 26$4.3M
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$958K
Investment incomeLn 3$3K
Other incomeLn 4–11$6K
Gains on assetsLn 7$791
Total revenueLn 12$966K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$367K
Cash and savings togetherLn 1–2$435K
InvestmentsLn 11–13$2K
Land, buildings, equipmentLn 10c$4.0M
Other assetsLn 15$32K
Total assetsLn 16$4.6M
LiabilitiesLn 26$4.3M
Net assetsLn 32$302K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
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 FY20End FY20
Cash and savingsLn 1–2$583K$435K
InvestmentsLn 11–13$834$2K
Land, buildings, equipmentLn 10c$3.9M$4.0M
Total assetsLn 16$4.6M$4.6M
LiabilitiesLn 26$4.3M$4.3M
Net assetsLn 32$357K$302K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$114K$114K
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$26$26
Office expensesLn 13$2K$2K
OccupancyLn 16$224K$224K
InterestLn 20$229K$229K
Depreciation, depletion and amortizationLn 22$107K$107K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$272K$272K
Total functional expensesLn 25$1.0M$872K$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest −$163K$104K−$267K$0 990 PDF
FY2022 $455K$418K$37K$267K 990 PDF
FY2021 $826K$896K−$70K$232K 990 PDF
FY2020 Viewing $966K$1.0M−$56K$302K 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 (6 parts)
Part I · Summary $966,023 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $940,309$957,722
I-10 Investment incomePrior year −$147,498$2,714
I-11 Other revenuePrior year $305,587$5,587
I-12 Total revenuePrior year $1,098,398$966,023
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,042,176$1,021,644
I-18 Total expensesPrior year $1,042,176$1,021,644
I-19 Revenue less expensesPrior year $56,222−$55,621
Part VI · Governance 1 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $966,023 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $957,722$957,722
VIII-3 Investment incomeExcluded from tax $1,923$1,923
VIII-7 Net gain or loss on sales of assetsExcluded from tax $791$791
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,587$5,587
VIII-12 Total revenueRelated to mission $963,309 · Unrelated business $0 · Excluded from tax $2,714$966,023
Part IX · Statement of functional expenses $1,021,644 across 11 lines filed
IX-11a Management feesManagement $113,745$113,745
IX-11b Legal feesManagement $9,853$9,853
IX-11c Accounting feesManagement $23,610$23,610
IX-11g Other fees for servicesManagement $2,860$2,860
IX-12 Advertising and promotionPrograms $26$26
IX-13 Office expensesPrograms $1,518$1,518
IX-16 OccupancyPrograms $224,428$224,428
IX-20 InterestPrograms $229,387$229,387
IX-22 Depreciation, depletion and amortizationPrograms $107,400$107,400
IX-23 InsurancePrograms $36,319$36,319
IX-24 Other expenses (24a–d)Programs $272,498$272,498
IX-25 Total functional expensesPrograms $871,576 · Management $150,068 · Fundraising $0$1,021,644
Part X · Balance sheet $4,567,292 assets, 15 lines filed
Asset lines not itemized here account for $89,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $117,692$67,585
X-2 Savings and temporary cash investmentsStart of year $465,095$367,319
X-4 Accounts receivableStart of year $28,251$32,036
X-9 Prepaid expenses and deferred chargesStart of year $30,232$7,698
X-10c Land, buildings and equipment, netStart of year $3,878,081$3,970,064
X-12 Other securitiesStart of year $834$1,625
X-15 Other assetsStart of year $30,423$31,965
X-16 Total assetsStart of year $4,639,608$4,567,292
X-17 Accounts payable and accrued expensesStart of year $253,482$319,249
X-19 Deferred revenueStart of year $20,830$21,480
X-25 Other liabilitiesStart of year $30,754$33,265
X-26 Total liabilitiesStart of year $4,282,181$4,265,486
X-27 Net assets without donor restrictionsStart of year $357,427$301,806
X-32 Total net assets or fund balancesStart of year $357,427$301,806
X-33 Total liabilities and net assetsStart of year $4,639,608$4,567,292
Part XI · Reconciliation of net assets $301,806 net assets at year end
XI-1 Total revenue$966,023
XI-2 Total expenses$1,021,644
XI-3 Revenue less expenses−$55,621
XI-4 Net assets at start of year$357,427
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$301,806

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

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