2026-08-05T16:36:51-05:00 2025-09-30 393647910 WIPFLI ADVISORY LLC 2501 W BELTLINE HWY STE 501 MADISON WI 53713 990 2024-10-01 010539222 MAINESTREAM FINANCE MAIN 2079733500 PO BOX 1162 BANGOR ME 04402 DENICE CONARY CHIEF FINANCIAL OFFICER 2079733500 2026-07-29 1 1 QUINN DUGAN P02267768 6082741980 2026-07-29 2024 2025-03-06 01:10:19Z KARA HAY PO BOX 1162 BANGOR ME 04402 504682 0 X WWW.MAINSTREAMFINANCE.ORG X 2000 ME TO PROMOTE COMMUNITY DEVELOPMENT AND PERFORM ALL FUNCTIONS PERMITTED AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PRIMARILY THROUGH FINANCING ACTIVITIES, SERVING THE LOW INCOME TARGETED POPULATION OF THE STATE OF MAINE. 4 4 0 13 0 0 155000 0 457960 486225 0 0 2075 18457 615035 504682 0 0 0 0 78913 259344 0 0 0 427814 298668 506727 558012 108308 -53330 7474375 7709124 4629798 4917877 2844577 2791247 X TO PROMOTE COMMUNITY DEVELOPMENT AND PERFORM ALL FUNCTIONS PERMITTED AS COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PRIMARILY THROUGH FINANCING ACTIVITIES, SERVING THE LOW INCOME TARGETED POPULATION OF THE STATE OF MAINE. 0 0 257221 0 486225 LOAN SERVICING: MAINESTREAM FINANCE PROVIDES LOANS, EDUCATION, AND SERVICES TO ASSIST INDIVIDUALS TO START SMALL BUSINESSES AND ASSIST EXISTING SMALL BUSINESSES TO GROW. ASSISTANCE INCLUDES FINANCE REVIEW, ASSISTANCE WITH A BUSINESS PLAN, FORECLOSURE, DEBT MANAGEMENT, BUDGET AND BUSINESS CASH FLOW COUNSELING. MAINESTREAM FINANCE LOANS FUNDS TO DAY CARE PROVIDERS THAT ARE USED TO ESTABLISH/EXPAND CHILD CARE BUSINESSES IN ORDER TO CREATE JOB OPPORTUNITIES FOR LOW-INCOME INDIVIDUALS. MAINESTREAM FINANCE ALSO OFFERS LOANS TO THOSE WHO CAN NOT QUALIFY FOR OTHER LOAN PRODUCTS AT AN AFFORDABLE RATE. FIRST MORTGAGE LOANS ARE AVAILABLE TO PURCHASE, REHABILITATE OR REFINANCE RESIDENTIAL OWNER-OCCUPIED PROPERTIES. THROUGH EDUCATION PROGRAMS, MAINESTREAM FINANCE FOSTERS SUCCESSFUL HOMEOWNERSHIP, ENTREPRENEURSHIP, AND WEALTH CREATION. FINANCIAL COUNSELING OCCURS PRE- AND POST-LOAN CLOSING. IF BORROWERS QUALIFY FOR USDA/RD LOANS AND/OR MAINE HOUSING'S LOANS, MAINESTREAM FINANCE ENCOURAGES AND ASSISTS THEM TO APPLY FOR THOSE PRODUCTS IF APPROPRIATE. CLASSES ARE OFFERED FOR INDIVIDUALS SEEKING TO PURCHASE A HOME TO LEARN THE PROCESS AND CALCULATIONS INVOLVED IN LOAN PROCESSING, HOME OWNERS INSURANCE, ESCROWS, HOME INSPECTIONS, AND ALL OTHER ASPECTS OF A HOME PURCHASE. 257221 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 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 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DENICE CONARY 2079733500 PO BOX 1162 BANGOR ME 04402 KAYLA DUNN BOARD CHAIR 1.00 X X 0 0 0 WILLIAM BENNETT DIRECTOR 1.00 X 0 0 0 BRENT FOLSTER DIRECTOR 1.00 X 0 0 0 DANIELLE HEWES DIRECTOR 1.00 X 0 0 0 MELISSA HUSTON DIRECTOR 1.00 X 0 0 0 KARA HAY CHIEF EXECUTIVE OFFICER 0.01 40.00 X 0 261773 43320 DENICE CONARY CHIEF FINANCIAL OFFICER 0.01 40.00 X 0 196688 37152 HEIDI LEBLANC CHIEF OPERATING OFFICER 0.01 40.00 X 0 173435 20291 0 631896 100763 0 0 1 0 0 LOAN INTEREST INCOME 531390 451217 451217 LOAN SERVICING 531390 35008 35008 486225 THIRD PARTY REIMBURSEM 900099 2455 2455 16002 16002 18457 504682 486225 0 18457 186378 33857 152521 72966 13255 59711 4497 4497 29600 29600 2450 2450 1625 1625 38101 32647 5454 17974 6606 11368 44689 40725 3964 272 272 125266 123964 1302 3484 3484 BAD DEBT -25521 -25521 56231 24129 32102 558012 257221 300791 0 457209 454551 1552588 1852501 85496 90383 5230859 5309366 3223 2323 0 0 0 0 145000 7474375 7709124 37363 35014 3180749 3264159 1112213 962213 299473 656491 4629798 4917877 X 786915 1782610 2057662 1008637 2844577 2791247 7474375 7709124 -53330 0 X 0 1 X 1 0 X 1182414 1141675 86376 155000 2565465 1182414 1141675 86376 155000 2565465 2565465 2001 18457 20458 2585923 2056126 0.99210 0.99930 X 0 DUE TO AFFILIATE 656491 656491 X 504682 0 504682 0 504682 558012 0 558012 0 558012 PART X, LINE 2: MAINESTREAM FINANCE IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. MAINESTREAM FINANCE HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 KARA HAY CHIEF EXECUTIVE OFFICER 0 251514 0 0 0 10259 0 23605 0 19715 0 305093 0 0 DENICE CONARY CHIEF FINANCIAL OFFICER 0 193002 0 0 0 3686 0 18034 0 19118 0 233840 0 0 HEIDI LEBLANC CHIEF OPERATING OFFICER 0 167098 0 0 0 6337 0 15621 0 4670 0 193726 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE MAINESTREAM FINANCE FORM 990 IS PRESENTED TO THE FINANCE COMMITTEE BY PENQUIS CHIEF FINANCIAL OFFICER, DENICE CONARY. THE COMMITTEE AS DESIGNATED BY THE PENQUIS BOARD OF DIRECTORS UNANIMOUSLY APPROVES THE FILING OF THE TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C NO PERSON SHALL BE AT ONCE AN EMPLOYEE OF THE CORPORATION AND A MEMBER OF THE BOARD OF DIRECTORS. NO PERSON MAY SERVE AS A MEMBER OF THE BOARD OF DIRECTORS WHILE THAT PERSON'S HUSBAND, WIFE, CHILD, SIBLING, OR PARENT IS AN EMPLOYEE OF THE CORPORATION. MEMBERS OF THE BOARD OF DIRECTORS MAY NOT APPLY FOR EMPLOYMENT WITH THE CORPORATION, ITS SUBSIDIARIES OR DELEGATES. BOARD OF DIRECTORS MAY NOT DIRECTLY OR INDIRECTLY SOLICIT OR ACCEPT GRATUITIES OF A MONETARY VALUE FROM ANY RECIPIENT OF THE CORPORATION'S SERVICES OR FROM ANY ORGANIZATION WITH WHICH THE CORPORATION HAS A CONTRACTUAL RELATIONSHIP. BOARD OF DIRECTORS MAY NOT HAVE A FINANCIAL CONFLICT OF INTEREST WITH THE AGENCY. BOARD OF DIRECTORS MAY NOT RECEIVE COMPENSATION FOR SERVING ON THE BOARD OF DIRECTORS. BOARD OF DIRECTORS MEMBERS SHALL OPERATE AS AN ENTITY INDEPENDENT OF STAFF EMPLOYED BY THE AGENCY. MAINESTREAM FINANCE ALSO HAS A SPECIFIC CONFLICT OF INTEREST POLICY WHICH FURTHER DEFINES THE CORPORATE POLICY AND RELATED PRACTICES. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY HUMAN RESOURCES OF THE PARENT ORGANIZATION UTILIZING AN INDEPENDENT COMPENSATION SURVEY WHICH IS COMPLETED EVERY 3 YEARS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. THE DOCUMENTS ARE COPIED AND MAILED TO THE REQUESTOR AS SOON AS THEY ARE AVAILABLE. BROADWAY HOUSING INC PO BOX 1162 BANGOR ME 04402 271744129 PROMOTE AND PROVIDE AFFORDABLE HOUSING FOR ELDERLY RESIDENTS ME 501(C)3 LINE 7 PENQUIS CAP INC 0 RAPE RESPONSE SERVICES INC PO BOX 1162 BANGOR ME 04402 010441773 PROVIDES SERVICES TO SEXUAL ASSAULT VICTIMS AND EDUCATION AND PREVENTION ME 501(C)3 LINE 7 PENQUIS CAP INC 0 PENQUIS CAP INC PO BOX 1162 BANGOR ME 04402 016023748 ADMINISTER HEALTH, HOUSING AND SOCIAL SERVICE PROGRAMS ME 501(C)3 LINE 7 N/A 0 PENQUIS MENTAL HEALTH ASSOCIATION PO BOX 1162 BANGOR ME 04402 010323280 MAINTENANCE AND DEVELOPMENT OF SERVICES TO DEVELOPMENTALLY DISABLED ME 501(C)3 LINE 7 PENQUIS CAP INC 0 CHARLOTTE WHITE CENTER PO BOX 1162 BANGOR ME 04402 222582271 MAINTENANCE AND DEVELOPMENT OF SERVICES TO DEVELOPMENTALLY DISABLED ME 501(C)3 LINE 7 PENQUIS CAP INC 0 PENQUIS DEVELOPMENT INC PO BOX 1162 BANGOR ME 04402 010541817 PROMOTES AND DEVELOPS AFFORDABLE HOUSING ME 501(C)3 LINE 10 PENQUIS CAP INC 0 LAKEVIEW SENIOR HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 263701919 AFFORDABLE HOUSING ME 0 0 NORTHSIDE FAMILY HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 203712024 AFFORDABLE HOUSING ME 0 0 VEAZIE VILLAGE SENIOR HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 205888602 AFFORDABLE HOUSING ME 0 0 CORUNDEL COMMONS SENIOR HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 020677677 AFFORDABLE HOUSING ME 0 0 STRAW WAY HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 651221518 AFFORDABLE HOUSING ME 0 0 LEONARD LAKE SENIOR HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 383856675 AFFORDABLE HOUSING ME 0 0 CHAMBERLAIN PLACE SENIOR HOUSING LP PO BOX 1162 BANGOR ME 04402 272396150 AFFORDABLE HOUSING ME 0 0 ERNST MANOR HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 364770084 AFFORDABLE HOUSING ME 0 0 GRANDVIEW HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 824107760 AFFORDABLE HOUSING ME 0 0 NEWTON PLACE LP PO BOX 1162 BANGOR ME 04402 843072833 AFFORDABLE HOUSING ME 0 0 PENQUIS FAMILY HOUSING ASSOCIATES LP PO BOX 1162 BANGOR ME 04402 020677680 AFFORDABLE HOUSING ME 0 0 PENQUIS HOUSING INC PO BOX 1162 BANGOR ME 04402 205888483 HOUSING DEVELOPMENT, ACQUIRE FINANCING ME PENQUIS CAP INC C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 PENQUIS CAP INC N 30714 COST PENQUIS CAP INC O 201732 COST PENQUIS CAP INC P 62170 COST