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Sha Development Corporation

Tax-deductible

Sanford, ME501(c)(3)Since 1999Housing EIN 31-1699762Revenue $14.2M in FY2025

On file with the IRSPo Box 1008, 04073-1008 · Sanford, METax-exempt since Mar 2000Publicly supported charity — 170(b)(1)(A)(vi)

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In furtherance and not in limitation of the foregoing, the purpose of the Corporation include (1) to acquire, sell, lease, finance, construct, develop, rehabilitate, own, manage, and maintain housing which is decent, safe, and affordable for low-income persons, including persons with needs for supportive services at the site of their housing and (2) to foster Development of, and developing and operating, either directly or indirectly, affordable housing projects in sanford, maine and undertaking financial and other commitments to necessary or advisable to acheive those purposes.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 8 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.2M
Spent
$1.2M
To programs
100%
Net assets
$13.1M

From the FY2025 Form 990 (year ending March 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2000.

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% · $1.2M

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

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cora Roberge
Tenant Representative
$0Pt VII · Sec A
Diane Small
President/Secretary/Ex Dir
$0Pt VII · Sec A
Mike Jean
Treasurer
$0Pt VII · Sec A
See Sha Development 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

Develops, owns, and manages affordable housing for low-income individuals and those needing supportive services.

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1 program · $1.2M · in their own filed words · FY2024
01

To provide safe, quality and affordable housing for eligible populations in need of assistance.

$1.2Mprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$14.2M
Ln 12
Gifts and grantsLn 1h$13.7M
Fees for servicesLn 2g$479K
Investment incomeLn 3$356
Money outPt IX
$1.2M
Ln 25
Programscol B$1.2M
Owns and owesPt X
$13.1M
net assets · Ln 32
Cash and savingsLn 1–2$419K
Total assetsLn 16$14.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$13.7M
Government grantsLn 1e$800K
Noncash giftsLn 1g$12.9M
Fees for servicesLn 2g$479K
Investment incomeLn 3$356
Total revenueLn 12$14.2M
Assets in detailPt X, end of year
CashLn 1$287K
SavingsLn 2$132K
Cash and savings togetherLn 1–2$419K
InvestmentsLn 11–13$48K
Land, buildings, equipmentLn 10c$13.8M
Other assetsLn 15$339K
Total assetsLn 16$14.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$13.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$9K$419K
InvestmentsLn 11–13$48K$48K
Land, buildings, equipmentLn 10c$0$13.8M
Total assetsLn 16$210K$14.8M
LiabilitiesLn 26$100K$1.7M
Net assetsLn 32$110K$13.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$177K$177K
Legal feesLn 11b$13K$13K
Office expensesLn 13$9K$9K
InterestLn 20$46K$46K
Depreciation, depletion and amortizationLn 22$188K$188K
InsuranceLn 23$126K$126K
Other expenses (24a–d)Ln 24$648K$648K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$1.2M$1.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $14.2M$1.2M$13.0M$13.1M 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 M · Noncash O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $14,207,726 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$13,728,172
I-9 Program service revenuePrior year $0$479,198
I-10 Investment incomePrior year $592$356
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $592$14,207,726
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 $4,301$1,208,402
I-18 Total expensesPrior year $4,301$1,208,402
I-19 Revenue less expensesPrior year −$3,709$12,999,324
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $14,207,726 across 8 lines filed
VIII-1d Related organizations$12,927,107
VIII-1e Government grants$800,065
VIII-1f All other contributions, gifts and grants$1,000
VIII-1g Noncash contributions (included above)$12,927,107
VIII-1h Total contributions, gifts and grants$13,728,172
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $479,198$479,198
VIII-3 Investment incomeRelated to mission $356$356
VIII-12 Total revenueRelated to mission $479,554 · Unrelated business $0 · Excluded from tax $0$14,207,726
Part IX · Statement of functional expenses $1,208,402 across 8 lines filed
IX-11a Management feesPrograms $176,988$176,988
IX-11b Legal feesPrograms $12,623$12,623
IX-13 Office expensesPrograms $8,789$8,789
IX-20 InterestPrograms $45,754$45,754
IX-22 Depreciation, depletion and amortizationPrograms $188,038$188,038
IX-23 InsurancePrograms $125,989$125,989
IX-24 Other expenses (24a–d)Programs $648,130$648,130
IX-24e All other expensesPrograms $2,091$2,091
IX-25 Total functional expensesPrograms $1,208,402 · Management $0 · Fundraising $0$1,208,402
Part X · Balance sheet $14,797,048 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $8,505$287,253
X-2 Savings and temporary cash investments$131,730
X-4 Accounts receivableStart of year $153,035$168,377
X-10c Land, buildings and equipment, netStart of year $0$13,822,053
X-12 Other securitiesStart of year $48,265$48,265
X-15 Other assetsStart of year $0$339,370
X-16 Total assetsStart of year $209,805$14,797,048
X-17 Accounts payable and accrued expensesStart of year $99,643$503,044
X-25 Other liabilitiesStart of year $0$68,040
X-26 Total liabilitiesStart of year $99,643$1,687,562
X-32 Total net assets or fund balancesStart of year $110,162$13,109,486
X-33 Total liabilities and net assetsStart of year $209,805$14,797,048
Part XI · Reconciliation of net assets $13,109,486 net assets at year end
XI-1 Total revenue$14,207,726
XI-2 Total expenses$1,208,402
XI-3 Revenue less expenses$12,999,324
XI-4 Net assets at start of year$110,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,109,486

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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