Jfm No 2 Corp is located in Auburn, ME. The organization was established in 2007. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 03/2020, Jfm No 2 Corp generated $94.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $115.3k during the year ending 03/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING TO DISABLED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES 10 UNITS OF LOW INCOME RENTAL HOUSING FOR THE DISABLED IN LEWISTON, MAINE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John D Clifford IV Director | Trustee | 1 | $0 |
Chris Crowley Secretary | OfficerTrustee | 1 | $0 |
Steven Shaver Treasurer | OfficerTrustee | 1 | $0 |
Deana Kane Vice President | OfficerTrustee | 1 | $0 |
Peter Kowalski CEO | Officer | 1 | $0 |
Andrew Cowan CFO | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $57,720 |
Investment income | $350 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
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 | $94,190 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $14,277 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $6,720 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $8,225 |
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 | $730 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $42,458 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $102 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $42,808 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $115,320 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $29,836 |
Savings and temporary cash investments | $149,759 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,284,356 |
Accounts payable and accrued expenses | $18,569 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $18,569 |
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 |
Total liabilities and net assets/fund balances | $1,265,787 |
Organization Name | Assets | Revenue |
---|---|---|
Harbor Homes Inc Nashua, NH | $31,595,862 | $32,699,479 |
New Communities Inc Westbrook, ME | $19,495,535 | $21,194,578 |
Coastal Enterprises Inc Brunswick, ME | $105,726,277 | $9,413,252 |
Fit-Nhnh Inc Manchester, NH | $20,211,623 | $14,555,429 |
Avesta Housing Development Corporation Portland, ME | $56,826,112 | $8,741,762 |
Housing Benefits Manchester, NH | $20,714,993 | $2,978,794 |
Community Housing Of Maine Inc Portland, ME | $34,277,846 | $3,169,867 |
Village Square Housing Corporation Portland, ME | $3,747,395 | $2,703,745 |
Diocesan Bureau Of Housing Deering Pavilion Portland, ME | $10,288,358 | $2,370,569 |
United States Catholic Conference Portland, ME | $5,948,587 | $1,470,740 |
Rural Housing For The Elderly Manchester, NH | $2,991,518 | $1,105,911 |
Northern Lights Housing Corp Littleton, NH | $1,471,556 | $829,101 |