2019-07-24T07:13:51-05:00 2018-09-30 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2017-10-01 010540981 Community Concepts Finance Corporation COMM 2077396545 240 Bates Street Lewiston ME 04240 C Shawn Yardley Chief Executive Officer 2077396545 2019-07-11 1 Barbara J McGuan CPA P00219457 2077752387 2019-07-11 69.49.157.66 2019-07-11 17:14:06 ED P 8CB03294F4C8EEE0A7F1275F402B300CCFF6E31F BCE379EC6B2F882893C3F02DE0A5A3D951B1B2ED 2017 2019-02-21 02:37:17Z C Shawn Yardley 240 Bates Street Lewiston ME 04240 1637066 0 X N/A X 2000 ME To encourage, stimulate and promote housing development and home ownership within Maine. 5 5 0 5 0 0 1860784 601545 897757 1029532 7206 5989 0 0 2765747 1637066 174723 215122 0 0 0 0 0 0 412 1280892 1258495 1455615 1473617 1310132 163449 13130110 13781518 8945260 9433219 4184850 4348299 X To encourage, stimulate and promote housing development and home ownership within Maine, targeting low income families; To provide alternative financial resources for affordable housing development and low income homeownership; To provide education, training and other services supporting the development of low income housing; And to provide education and financial resources, including loans, for business and economic development activities in urban and rural low-income areas. 0 0 1346648 215122 1029532 Housing - Creates homeowners through lending and home building and seeks development of affordable multi-family housing through various funding mechanisms. Services include lending services, credit and home ownership education. Similar services provided in the areas of small business lending and economic development. 1346648 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X Deborah Hase 2077396508 240 Bates Street Lewiston ME 04240 Lincoln Jeffers Chair 3.00 0.00 X X 0 0 0 Mark Samson Vice Chair 2.50 0.00 X X 0 0 0 Peter Chapman Secretary 3.00 0.00 X X 0 0 0 Travis Frautten Director 2.00 0.00 X 0 0 0 Tara Davis Director 2.00 0.00 X 0 0 0 Glen Holmes President 40.00 0.00 X 0 78464 17839 C Shawn Yardley CEO - CCI 10.00 30.00 X 0 138401 48886 Kevin Mahoney CFO 10.00 30.00 X 0 108065 28743 0 324930 95468 0 0 1 0 Community Concepts Inc 240 Bates Street Lewiston ME 04240 Management Services 691013 1 341140 260405 601545 Interest Income, Loans 525990 723696 723696 Other Housing Income 525990 159781 159781 Fees, Private 525990 146055 146055 1029532 5989 5989 1637066 1029532 0 5989 215122 215122 691013 691013 37731 37731 19153 19153 40857 40677 180 15645 15645 44368 44136 232 20595 20595 198381 198381 12517 12517 Indirect G&A Costs 126557 126557 Equipment Expense 20847 20847 Training & Education 16711 16711 Miscellaneous 14120 14120 1473617 1346648 126557 412 X 1584012 1662051 2035710 2029998 244667 155782 8633353 9274477 115000 4836 53798 39241 27074 14557 358439 277962 246855 246855 13130110 13781518 159959 57287 28534 20626 60710 34130 5734054 6573108 2100000 2100000 862003 648068 8945260 9433219 X 213838 277167 3327807 3527927 643205 543205 4184850 4348299 13130110 13781518 163449 0 X 0 1 X 1 1 1 X 508794 504085 670210 1860784 601545 4145418 508794 504085 670210 1860784 601545 4145418 4145418 5084 4703 4813 7206 5989 27795 188693 188693 4361906 4051482 0.95040 0.94800 X Schedule A, Part II, Line 10, Explanation of Other Income: Bad Debt Recovery - 2015 Amount: $ 188,693. 0 1 X 53798 39241 14557 14557 Due to Affiliate 648068 648068 X Part IV, Line 2b: From time to time the Organization holds loan proceeds on behalf of homeownership clients. Part X, Line 2: The Organization follows the provisions of FASB ASC 740-10, Income Taxes - Overall, including those related to uncertain tax positions. This guidance clarifies the criteria that an individual tax position must satisfy for some or all of the benefits of that position to be recognized in an entity's financial statements. It also prescribes a recognition threshold of more-likely-than-not, and a measurement attribute for all tax positions taken or expected to be taken on a tax return, in order for those tax positions to be recognized in the financial statements. There was no effect on the Organization's combined financial statements related to following these provisions, and no interest or penalties related to uncertain tax positions were accrued. The Organization is currently open to audit under the statute of limitations by the Internal Revenue Service and state taxing authorities for years ended September 30, 2015 through 2018. 1 Provision of soft-second financing subsidies and related assistance to eligible homeowners. 20 0 214177 FMV Financing subsidies and other related assistance and services. Part I, Line 2: The Organization monitors use of grant funds through continuing relationships with recipients. Amounts granted are non-cash in nature - funds are paid directly to vendor, financial institution, etc. 0 0 0 0 0 0 0 0 0 C Shawn Yardley CEO - CCI 0 138401 0 0 0 0 0 2651 0 46235 0 187287 0 0 Form 990, Schedule J, Part I, Line 3: Compensation for the Organization's CEO is paid through a related organization, Community Concepts, Inc., and is based on compensation survey data and is approved by that organization's Board of Directors. Form 990, Part VI, Section A, line 7a The Board of a related organization, Community Concepts, Inc. has the power to appoint two members of the Organization's Board of Directors. Form 990, Part VI, Section A, line 7b The Organization's budget is subject to approval by the Board of Directors of Community Concepts, Inc. Form 990, Part VI, Section B, line 11b The Form 990 was prepared by the Organization's public accountant and reviewed by the Organization's finance committee, and then provided to the Board of Directors prior to submission. Form 990, Part VI, Section B, line 12c The conflict of interest policy is monitored for compliance by multiple funding sources during their reviews of the Agency and also self-monitored by the Board of Directors. Form 990, Part VI, Section B, line 15 The compensation of the CEO is determined based on comparable salary studies for the non-profit industry. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy and financial statements are available upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Community Concepts Finance Corporation 240 Bates Street Lewiston, ME 04240 EIN: 01-0540981 Section 1.263(a)-3(n) Election: Community Concepts Finance Corporation is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Community Concepts Inc 240 Bates Street Lewiston ME 04240 010424969 Community-action agency serving lower income families ME 501(c)(3) Line 7 N/A 0 Lewiston Auburn Community Housing Inc 240 Bates Street Lewiston ME 04240 202341500 Low-income housing development and financing ME 501(c)(3) Line 7 N/A 0 Western Maine Housing Associates LP 17 Market Square South Paris ME 04281 010515779 Low Income Housing Development ME Community Concepts Inc Related 0 0 Supportive Housing Associates LP 17 Market Square South Paris ME 04281 010504950 Low Income Housing Development ME Community Concepts Inc Related 0 0 Community Concepts Housing Corporation 240 Bates Street Lewiston ME 04240 262063441 Low Income Housing Development ME Community Concepts Inc C 0 Community Concepts Development Corporation 240 Bates Street Lewiston ME 04240 364510585 Low Income Housing Development ME Community Concepts Inc C 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0