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Berry Park Housing Corporation

Tax-deductible

Portland, ME501(c)(3)HousingEIN 22-3241663

Provide low-income housing to qualified tenants.

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

Before you give

FY2024 · 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
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
4 of 5
filings with a surplus
Average surplus $150K a year · 16% of revenue · last 5 filings
Fine: a surplus in 4 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
Cash reserves
11 mo
of spending, in cash
Looks good: 11.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.9M
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
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
$1.1M
+16% vs prior year
Spent
$769K
To programs
100%
Net assets
$895K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +16%
Revenue by fiscal year
FY2020$760K
FY2021$940K
FY2022$793K
FY2023$972K
FY2024$1.1M
Expenses
$769K
FY2024▼ -8%
Expenses by fiscal year
FY2020$639K
FY2021$766K
FY2022$829K
FY2023$836K
FY2024$769K
Net assets
$895K
FY2024▲ +66%
Net assets by fiscal year
FY2020$267K
FY2021$440K
FY2022$404K
FY2023$539K
FY2024$895K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1993.

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% · $769K

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

Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation
Jim Hanley
Director
$0Pt VII · Sec A
Alice Kabore
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Timothy Agnew
Treasurer
$0Pt VII · Sec A
Peter Bass
Director
$0Pt VII · Sec A
See Berry Park Housing Corporation 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 to eligible renters.

Provided by the organization

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2 program services account for $720K of program spending, described in the organization's own filed words · FY2024.
01

Own and operate 50 unit elderly apartment complex in kittery, maine.

$720Kprogram expense
02

The organization supports development of low-income housing.

Pt IX · col B

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$726K
Fees for servicesLn 2g$345K
Investment incomeLn 3$54K
Money outPt IX
$769K
Ln 25
Programscol B$769K
Owns and owesPt X
$895K
net assets · Ln 32
Cash and savingsLn 1–2$713K
Total assetsLn 16$4.8M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$726K
Government grantsLn 1e$726K
Fees for servicesLn 2g$345K
Investment incomeLn 3$54K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$425K
SavingsLn 2$287K
Cash and savings togetherLn 1–2$713K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$2.8M
Total assetsLn 16$4.8M
LiabilitiesLn 26$3.9M
Net assetsLn 32$895K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$376K$713K
Land, buildings, equipmentLn 10c$1.3M$1.3M
Total assetsLn 16$4.4M$4.8M
LiabilitiesLn 26$3.9M$3.9M
Net assetsLn 32$539K$895K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$59K$59K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$34K$34K
InterestLn 20$152K$152K
Payments to affiliatesLn 21$144K$144K
Depreciation, depletion and amortizationLn 22$53K$53K
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$282K$282K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$769K$769K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$769K$356K$895K 990 PDF
FY2023 $972K$836K$135K$539K 990 PDF
FY2022 $793K$829K−$36K$404K 990 PDF
FY2021 $940K$766K$173K$440K 990 PDF
FY2020 $760K$639K$121K$267K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,124,475 across 5 lines filed
VIII-1e Government grants$725,756
VIII-1h Total contributions, gifts and grants$725,756
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $344,887$344,887
VIII-3 Investment incomeRelated to mission $53,832$53,832
VIII-12 Total revenueRelated to mission $398,719 · Unrelated business $0 · Excluded from tax $0$1,124,475
Part IX · Statement of functional expenses $768,875 across 10 lines filed
IX-11a Management feesPrograms $59,349$59,349
IX-11b Legal feesPrograms $3,154$3,154
IX-11c Accounting feesPrograms $7,000$7,000
IX-13 Office expensesPrograms $34,314$34,314
IX-20 InterestPrograms $151,514$151,514
IX-21 Payments to affiliatesPrograms $143,712$143,712
IX-22 Depreciation, depletion and amortizationPrograms $52,834$52,834
IX-23 InsurancePrograms $23,151$23,151
IX-24 Other expenses (24a–d)Programs $282,500$282,500
IX-24e All other expensesPrograms $11,347$11,347
IX-25 Total functional expensesPrograms $768,875 · Management $0 · Fundraising $0$768,875
Part X · Balance sheet $4,820,226 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $183,312$425,391
X-2 Savings and temporary cash investmentsStart of year $192,375$287,295
X-4 Accounts receivableStart of year $1,261$541
X-9 Prepaid expenses and deferred chargesStart of year $15,877$20,068
X-10c Land, buildings and equipment, netStart of year $1,307,791$1,256,125
X-15 Other assetsStart of year $2,724,935$2,830,806
X-16 Total assetsStart of year $4,425,551$4,820,226
X-17 Accounts payable and accrued expensesStart of year $27,693$44,059
X-19 Deferred revenueStart of year $3,275$5,593
X-25 Other liabilitiesStart of year $508,021$557,035
X-26 Total liabilitiesStart of year $3,886,496$3,925,571
X-32 Total net assets or fund balancesStart of year $539,055$894,655
X-33 Total liabilities and net assetsStart of year $4,425,551$4,820,226
Part XI · Reconciliation of net assets $894,655 net assets at year end
XI-1 Total revenue$1,124,475
XI-2 Total expenses$768,875
XI-3 Revenue less expenses$355,600
XI-4 Net assets at start of year$539,055
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$894,655

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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