2024-10-08T13:53:00-05:00 2023-12-31 010448675 OUELLETTE & ASSOCIATES PA 1111 LISBON STREET LEWISTON ME 04240 990 2023-01-01 010328017 AUGUSTA REGIONAL CHURCH HOUSING CORP BETA AUGU 2076224908 21 GRAY BIRCH DRIVE 1 AUGUSTA ME 04330 MARY MOODY PRESIDENT 2076224908 2024-09-23 1 1 STEVEN R LAMONTAGNE CPA P00638014 2077860328 2024-09-23 2023 2024-10-15 13:58:12Z MARY MOODY 10 LINCOLN STREET HALLOWELL ME 04347 1241674 0 X WWW.ARCHBETAAPTS.ORG X 1972 ME TO PROVIDE SAFE AND AFFORDABLE HOUSING TO ELIGIBLE INDIVIDUALS 4 4 0 0 0 0 0 0 1174551 1233674 -2344 3934 6333 4066 1178540 1241674 0 0 0 0 297965 276662 0 0 0 885609 979221 1183574 1255883 -5034 -14209 2427987 2364432 986038 936692 1441949 1427740 TO PROVIDE SAFE AND AFFORDABLE HOUSING TO ELIGIBLE INDIVIDUALS. 0 0 1167128 1237740 SUBSIDIZED HOUSING OF 100 UNITS 1167128 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 X BARKAN MANAGEMENT COMPANY 6174825500 24 FARNSWORTH STREET BOSTON MA 02210 X MARY MOODY PRESIDENT 1.00 X X 0 0 0 JEFFREY COURIER DIRECTOR 1.00 X 0 0 0 JOHN BOBROWIECKI DIRECTOR 1.00 X 0 0 0 MARIE BRONN DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 SUBSIDIZED RENT 531110 1227737 1227737 SPECIAL CLAIMS 531110 5937 5937 1233674 3934 3934 LAUNDRY AND FEES INCOM 531390 4066 4066 4066 1241674 1237740 0 3934 219917 219917 38617 38617 18128 18128 77260 77260 28979 17484 11495 652 652 13629 13629 47650 47650 134794 134794 38272 38272 OPERATING & MAINTENANCE 264499 264499 UTILITIES 199285 199285 TAXES & INSURANCE 97139 97139 ADMINISTRATIVE 77062 77062 1255883 1167128 88755 0 24380 11380 233463 258784 9637 24094 12827 13074 6370892 4367754 2092631 2003138 12572 11463 42477 42499 2427987 2364432 62176 76701 884724 820304 39138 39687 986038 936692 X 1441949 1427740 1441949 1427740 2427987 2364432 -14209 0 X 0 1 X 0 0 75000 75000 6243849 4315711 1928138 52043 52043 0 2003138 TENANT SECURITY DEPOSITS 39687 39687 X 1241674 0 1241674 0 1241674 1255883 0 1255883 0 1255883 PART X, LINE 2: NO INCOME TAX PROVISION HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS AS THE PROJECT IS A NONPROFIT ORGANIZATION AND HAS EXEMPTION FROM INCOME TAXES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(4). MANAGEMENT HAS DETERMINED THAT THE PROJECT DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND ASSOCIATED UNRECOGNIZED BENEFITS OR LIABILITIES THAT MATERIALLY IMPACT THE FINANCIAL STATEMENTS OR RELATED DISCLOSURES. SINCE TAX MATTERS ARE SUBJECT TO SOME DEGREE OF UNCERTAINTY, THERE CAN BE NO ASSURANCE THAT THE PROJECT'S TAX RETURNS WILL NOT BE CHALLENGED BY THE TAXING AUTHORITIES AND THAT THE PROJECT WILL NOT BE SUBJECT TO ADDITIONAL TAX, PENALTIES AND INTEREST AS A RESULT OF SUCH CHALLENGE. GENERALLY, THE PROJECT'S TAX RETURNS REMAIN SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THEY WERE FILED HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON THE DISPOSAL OF RENTAL PROPERTY PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF RENTAL PROPERTY FORM 990, PART VI, SECTION A, LINE 3 ORGANIZATION HAS HIRED BARKAN MANAGEMENT COMPANY TO MANAGE ALL FUNCTIONS OF THE ORGANIZATION. MANAGEMENT COMPANY MEETS WITH THE BOARD ON A MONTHLY BASIS TO GO OVER FINANCIAL INFORMATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF FORM 990 IS REVIEWED BY THE PRESIDENT OF THE BOARD BEFORE BEING FILED. FORM 990, PART VI, SECTION B, LINE 12 ALL EMPLOYEES OF BARKAN SIGN A CONFLICT OF INTEREST POLICY STATING THAT THEY WILL REPORT ANY CONFLICTS OF INTEREST TO THEIR SUPERVISORS. FORM 990, PART VI, SECTION B, LINE 15 KEY EMPLOYEES ARE REVIEWED ANNUALLY AND COMPENSATION ARE APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION KEEPS A COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AT THE MAIN OFFICE FOR PUBLIC AVAILABILITY.