Biscay Road Corporation in Saco, Maine (ME)
Table of contents:
| Biscay Road Corporation | |
| Employer Identification Number (EIN) | 010523782 |
| Name of Organization | Biscay Road Corporation |
| In Care of Name | Douglas E Woodbury |
| Address | 50 Moody St, Saco, ME 04072-0892 |
| Subsection | Charitable Organization |
| Ruling Date | 04/1999 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $404,438 |
| Amount of Income | $43,577 |
| Form 990 Revenue Amount | $43,577 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2014: $43,577 (it was $42,075 in 2013)
| Biscay Road Corporation: | $43,577 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2014: $404,438 (it was $419,930 in 2013)
| This organization: | $404,438 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2014: $57,939
| This organization: | $57,939 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2014: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2014: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 3.7% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $37,464 | $42,075 | $43,577 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $37,440 | $42,060 | $43,560 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $24 | $15 | $17 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $55,904 | $63,189 | $57,939 |
| Total net assets | $-219,937 | $-241,051 | $-255,413 |
| Excess/Deficit for the year | $-18,440 | $-21,114 | $-14,362 |
| Net assets or fund balances at beginning of year | $-201,497 | $-219,937 | $-241,051 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $-241,051 | $-255,413 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $440,158 | $419,930 | $404,438 |
| Total liabilities | $660,095 | $660,981 | $659,851 |
| Net assets or fund balances | $-219,937 | $-241,051 | $-255,413 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public support | $191,932 |
| Subtotal | $191,932 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $191,932 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $192,028 |
| Public support | $191,932 |
| Subtotal | $96 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $96 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Southern Maine Affordable Housing | 22 South St, Biddeford, ME 04005-2407 | ME | 2015-01 | $263,023 |
| 4 | South Windham Housing Corporation | 307 Cumberland Ave, Portland, ME 04101-4920 | ME | 2005-09 | $184,773 |
| 5 | Washington County Residences | PO BOX 84, Machias, ME 04654-0084 | ME | 1990-04 | $182,392 |
| 6 | Broadway Housing | 262 Harlow St, Bangor, ME 04401-4952 | ME | 2012-01 | $176,778 |
| 7 | Home At Last Inc | Po Box 4666, Augusta, ME 04330 | ME | 2008-01 | $143,000 |
| 8 | Jfm No 3 Corp | 800 Center Street, Auburn, ME 04210 | ME | 2009-10 | $77,691 |
| 9 | Cranberry Isles Realty Tr | Po Box 90, Isleford, ME 04646 | ME | 1998-05 | $47,320 |
| 10 | Stony Brook Housing Inc | PO BOX 2008, Lewiston, ME 04241-2008 | ME | 2000-03 | $12,976 |
| 11 | United Voice Community Land Tr | PO BOX 548, Bath, ME 04530-0548 | ME | 2000-03 | $10,948 |
| 12 | Ashuelot River Housing Initiative Corporation | 36 Union Wharf Suite 4, Portland, ME 04101 | ME | 2005-11 | $0 |
| 13 | Augusta Housing Service Corporation | 33 Union Street, Augusta, ME 04330 | ME | 1997-02 | $0 |
| 14 | Bagdad Wood Housing Initiative Corporation | 36 Union Wharf Suite 4, Portland, ME 04101 | ME | 2005-11 | $0 |
| 15 | Community Building Trust Inc, Midcoast Green Collaborative | Po Box 1374, Damariscotta, ME 04543-1374 | ME | 1995-12 | $0 |
| 16 | Cutler Land Inc | PO BOX 236, Cutler, ME 04626-0236 | ME | 1999-02 | $0 |
| 17 | Electronic Grange Network, Electronic Rural Network | 44 Church St, Weld, ME 04285 | ME | 1997-04 | $0 |
| 18 | Franklin Street Apartments | Po Box 84, Machias, ME 04654 | ME | 2011-09 | $0 |
| 19 | Help Me | PO BOX 2388, Augusta, ME 04338-2388 | ME | 2000-10 | $0 |
| 20 | Lane House Housing Initiative Corporation | 36 Union Wharf Suite 4, Portland, ME 04101 | ME | 2005-11 | $0 |
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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