Frenchville Development Corp
- Assets
- $328.5k
- Revenue
- $21.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Frenchville, ME
- Founding
- 09/1973
- Data as of
- 12/2022
- EIN
- 23-7309803
Organization Overview
Frenchville Development Corp is located in Frenchville, ME. The organization was established in 1973. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frenchville Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Frenchville Development Corp generated $21.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE AFFORDABLE HOUSEING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE AFFORDABLE HOUSEING FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Mcglaughlin President | Officer | 1 | $0 |
Barbara Pelletier Secretary | Officer | 1 | $0 |
Danny Pelletier Vice Preside | Officer | 1 | $0 |
Claire Thibeault Treasurer | Officer | 1 | $0 |
Antoine Paradis Director | Trustee | 1 | $0 |
Jean Paul Ouellette Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $691 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,995 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,506 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,240 |
| Savings and temporary cash investments | $148,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $157,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $328,485 |
| Accounts payable and accrued expenses | $6,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $143,303 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $880 |
| Total liabilities | $151,054 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $177,431 |
| Total liabilities and net assets/fund balances | $328,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somali Bantu Community Lewiston Of Maine Lewiston, ME | $567,746 | $720,624 |
Maine Access Immigrant Network Portland, ME | $349,275 | $491,559 |
Greater Portland Immigrant Welcome Center Portland, ME | $527,632 | $598,647 |
Hope Acts Portland, ME | $283,120 | $349,742 |
Djiboutian American Community Empowerment Project Lewiston, ME | $13,117 | $0 |
Way Of Life Mission Augusta, ME | $134 | $0 |
New Mainers Alliance Lewiston, ME | $5,028 | $9,890 |
Das Gaam Leuva Patidar Samaj Inc Windham, NH | $81,818 | $0 |
Frenchville Development Corp Frenchville, ME | $328,485 | $21,506 |