Camden Affordable Housing Organization, Joseph M Cloutier in Rockport, Maine (ME)

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Camden Affordable Housing Organization, Joseph M Cloutier
Employer Identification Number (EIN)010450170
Name of OrganizationCamden Affordable Housing Organization
Secondary NameJoseph M Cloutier
In Care of NameThe Town Of Camden
Address270 W St Ste B, Rockport, ME 04856-5703
ActivitiesLow income housing, Low and moderate income housing, Housing for the aged (see also 153)
SubsectionCharitable Organization
Ruling Date12/1994
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,730,290
Amount of Income$1,062,412
Form 990 Revenue Amount$155,121

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Financial snapshot ($)

Revenue for 2012

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$155,121
Contributions, Gifts, Grants and Other Similar Amounts$120,000
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$31
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$35,090
Gross sales of inventory, less returns and allowances$942,381
Less: cost of goods sold$907,291
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$244,998
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Balance Sheet (for 2012)
Total assets$1,730,290
Total liabilities$1,223,667
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,223,667
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$506,623
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$510,273
Gifts, grants, contributions, and membership fees received$510,164
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
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$109
Gross receipts from related activities, etc.$1,668,281
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