philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Gardner Commons Development Corporation FY2023 filing

Tax-deductible

Bangor, ME501(c)(3)Crime & Legal EIN 55-0913379Revenue $292K in FY2023

On file with the IRSPo Box 2219, 04402-2219 · Bangor, METax-exempt since Jan 2007Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

To operate a 26 unit elderly low income housing Development in bucksport, maine, which provides decent, safe and sanitary housing.

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

Before you give

FY2023 · 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
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $91K a year · 32% 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
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$233K
8% of total assets
Looks good: liabilities are 8% 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
$292K
+15% vs prior year
Spent
$382K
To programs
88%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$292K
FY2023▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$252K
FY2021$250K
FY2022$254K
FY2023$292K
FY2024$306K
FY2025$325K
Expenses
$382K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$338K
FY2021$351K
FY2022$354K
FY2023$382K
FY2024$385K
FY2025$414K
Net assets
$2.6M
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.9M
FY2021$2.8M
FY2022$2.7M
FY2023$2.6M
FY2024$2.5M
FY2025$2.4M

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 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% · $337K Management & general 12% · $44K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Susan Davis
Director
$0Pt VII · Sec A
Doug Doane
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Bonnie Kline
Director
$0Pt VII · Sec A
Nancy Minott
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gardner Commons Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides safe, affordable housing for 26 low-income seniors in Bucksport, Maine.

Questions for Gardner Commons Development Corporation

Tap to ask. Gardner Commons Development Corporation sees how many people are interested.

Your first name shows with your question. Gardner Commons Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $337K · in their own filed words · FY2022
01

The organization operates a 26 unit elderly low income housing development in bucksport, maine. The purpose of the development is to provide decent, safe and sanitary housing to elderly low income residents that meet eligibility guidelines established by hud.

$337Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$292K
Ln 12
Fees for servicesLn 2g$291K
Investment incomeLn 3$876
Money outPt IX
$382K
Ln 25
Programscol B$337K
Managementcol C$44K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$180K
Total assetsLn 16$2.8M
LiabilitiesLn 26$233K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$291K
Investment incomeLn 3$876
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$157K
Cash and savings togetherLn 1–2$180K
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$2.8M
LiabilitiesLn 26$233K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$179K$180K
Land, buildings, equipmentLn 10c$2.7M$2.6M
Total assetsLn 16$2.9M$2.8M
LiabilitiesLn 26$247K$233K
Net assetsLn 32$2.7M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$21K$21K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$20K$5K$15K
Advertising and promotionLn 12$50$50
OccupancyLn 16$75K$75K
Depreciation, depletion and amortizationLn 22$106K$106K
InsuranceLn 23$10K$8K$2K
Other expenses (24a–d)Ln 24$53K$53K
All other expensesLn 24e$90K$90K
Total functional expensesLn 25$382K$337K$44K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $325K$414K−$88K$2.4M 990 PDF
FY2024 $306K$385K−$79K$2.5M 990 PDF
FY2023 Viewing $292K$382K−$90K$2.6M 990 PDF
FY2022 $254K$354K−$100K$2.7M 990 PDF
FY2021 $250K$351K−$101K$2.8M 990 PDF
FY2020 $252K$338K−$86K$2.9M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $292,052 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $253,965$291,176
I-10 Investment incomePrior year $180$876
I-11 Other revenue$0
I-12 Total revenuePrior year $254,145$292,052
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $353,756$381,554
I-18 Total expensesPrior year $353,756$381,554
I-19 Revenue less expensesPrior year −$99,611−$89,502
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $292,052 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $286,332 · Excluded from tax $4,844$291,176
VIII-3 Investment incomeExcluded from tax $876$876
VIII-12 Total revenueRelated to mission $286,332 · Excluded from tax $5,720$292,052
Part IX · Statement of functional expenses $381,554 across 9 lines filed
IX-11a Management feesManagement $21,348$21,348
IX-11c Accounting feesManagement $6,400$6,400
IX-11g Other fees for servicesPrograms $4,863 · Management $15,025$19,888
IX-12 Advertising and promotionPrograms $50$50
IX-16 OccupancyPrograms $74,861$74,861
IX-22 Depreciation, depletion and amortizationPrograms $106,410$106,410
IX-23 InsurancePrograms $8,002 · Management $1,614$9,616
IX-24 Other expenses (24a–d)Programs $52,816$52,816
IX-24e All other expensesPrograms $90,165$90,165
IX-25 Total functional expensesPrograms $337,167 · Management $44,387 · Fundraising $0$381,554
Part X · Balance sheet $2,823,861 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $10,808$22,891
X-2 Savings and temporary cash investmentsStart of year $168,381$157,291
X-4 Accounts receivableStart of year $556$1
X-9 Prepaid expenses and deferred chargesStart of year $8,584$11,354
X-10c Land, buildings and equipment, netStart of year $2,738,734$2,632,324
X-16 Total assetsStart of year $2,927,063$2,823,861
X-17 Accounts payable and accrued expensesStart of year $34,561$19,791
X-19 Deferred revenueStart of year $2,089$2,514
X-25 Other liabilitiesStart of year $10,089$10,734
X-26 Total liabilitiesStart of year $246,739$233,039
X-27 Net assets without donor restrictionsStart of year $2,680,324$2,590,822
X-32 Total net assets or fund balancesStart of year $2,680,324$2,590,822
X-33 Total liabilities and net assetsStart of year $2,927,063$2,823,861
Part XI · Reconciliation of net assets $2,590,822 net assets at year end
XI-1 Total revenue$292,052
XI-2 Total expenses$381,554
XI-3 Revenue less expenses−$89,502
XI-4 Net assets at start of year$2,680,324
XI-10 Net assets at end of year$2,590,822

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.