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Nonprofit · EIN 01-0449761

FREEPORT HOUSING TRUST INC

Tax-exempt · FREEPORT, ME 04032

Financials

$1.4M$1.2M2022$1.9M$1.3M2023$2M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of FREEPORT HOUSING TRUST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$2,024,988$1,264,524$760,464$10,417,290$3,945,067$6,472,223
September 30, 2024990$1,939,407$1,316,967$622,440$9,722,336$4,045,899$5,676,437
September 30, 2023990$1,434,260$1,223,552$210,708$8,521,439$3,766,145$4,755,294
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$1,870,474
Investment income
$154,514
Net gain from sales of assets
$24,963
Other revenue
$0

Expenses

Grants and similar amounts paid
$16,500
Compensation of officers, directors and key employees
$86,189
Salaries, compensation and benefits (total)
$93,003
Professional fundraising fees
$0
Accounting fees
$25,027
Depreciation
$283,234
Program services (functional)
$1,165,997
Management and general (functional)
$98,527

Balance sheet and other

Total assets, start of year
$9,722,336
Total assets, end of year
$10,417,290
Total liabilities, end of year
$3,945,067
Net assets, end of year
$6,472,223
Land, buildings and equipment
$4,009,178
Net assets without donor restrictions
$6,472,223
Gross receipts
$2,024,988
Employees
1
Volunteers
0
Year formed
1989
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
MATT PETERSEXECUTIVE DIRECTOR
Officer
30$64,611
CHRIS RONEYPRESIDENT
Trustee or director, Officer
3$0
BRIDGET DORNBACHVICE PRESIDENT
Trustee or director, Officer
2$0
THOMAS WHELANTREASURER
Trustee or director, Officer
2$0
THOMAS H KELLEYSECRETARY & CLERK
Trustee or director, Officer
2$0
DR JEFFREY STENZELDIRECTOR
Trustee or director
2$0
AMY CARTMELLDIRECTOR
Trustee or director
1$0
DREW WINGDIRECTOR
Trustee or director
1$0
MARY ATALA LESSARDDIRECTOR
Trustee or director
1$0
SUZANNE NORTONASSISTANT VICE PRESIDENT
Trustee or director, Officer
1$0
ELIZABETH CARLTONDIRECTOR
Trustee or director
1$0
LINCOLN JEFFERSDIRECTOR
Trustee or director
1$0
CHELSEA BELANGERDIRECTOR
Trustee or director
1$0
990 for the year ended September 30, 2024: 12 people
NameTitleHours / weekCompensationOther / benefits
MATT PETERSEXECUTIVE DIRECTOR
Officer
30$87,764$485
CHRIS RONEYPRESIDENT
Trustee or director, Officer
3$0$0
AMY CARTMELLVICE PRESIDENT
Trustee or director, Officer
2$0$0
THOMAS WHELANTREASURER
Trustee or director, Officer
2$0$0
THOMAS H KELLEYSECRETARY & CLERK
Trustee or director, Officer
2$0$0
DR JEFFREY STENZELDIRECTOR
Trustee or director
2$0$0
BRIDGET DORNBACHDIRECTOR
Trustee or director
1$0$0
DREW WINGDIRECTOR
Trustee or director
1$0$0
MARY ATALA LESSARDDIRECTOR
Trustee or director
1$0$0
SUZANNE NORTONDIRECTOR
Trustee or director
1$0$0
ELIZABETH CARLTONDIRECTOR
Trustee or director
1$0$0
LINCOLN JEFFERSDIRECTOR
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
MATT PETERSEXECUTIVE DIRECTOR
Officer
30$88,600$485
CHRIS RONEYPRESIDENT
Trustee or director, Officer
3$0$0
AMY CARTMELLVICE PRESIDENT
Trustee or director, Officer
2$0$0
THOMAS WHELANTREASURER
Trustee or director, Officer
2$0$0
THOMAS H KELLEYSECRETARY & CLERK
Trustee or director, Officer
2$0$0
DR JEFFREY STENZELDIRECTOR
Trustee or director
2$0$0
MARYELLEN CAREWDIRECTOR
Trustee or director
1$0$0
DREW WINGDIRECTOR
Trustee or director
1$0$0
MARY ATALA LESSARDDIRECTOR
Trustee or director
1$0$0
SUZANNE NORTONDIRECTOR
Trustee or director
1$0$0
ELIZABETH CARLTONDIRECTOR
Trustee or director
1$0$0
LINCOLN JEFFERSDIRECTOR
Trustee or director
1$0$0
PRINCE POMBODIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
24 SOUTH ST OFC A, FREEPORT, ME 04032-1532
Principal officer (990 for 2024)
CHRIS RONEY, 24 SOUTH STREET SUITE A, FREEPORT, ME 04032
Signed the 990
THOMAS WHELAN, SECRETARY/TREASURER
Phone
(207) 865-1652
Return prepared by
OTIS ATWELL

Mission

PROVIDE LOW-INCOME HOUSING.

990 for the year ended September 30, 2025

Program accomplishments

  • OPERATION OF A 30 UNIT LOW-INCOME HOUSING PROJECT KNOWN AS VARNEY SQUARE.
    Expenses $1,165,997 · grants $16,500 · revenue $2,024,988
  • OPERATION OF A 30 UNIT LOW-INCOME HOUSING PROJECT KNOWN AS VILLAGE VIEW.
  • OPERATION OF AN 18 UNIT LOW-INCOME HOUSING PROJECT KNOWN AS MAPLEWOOD TERRACE.
  • DEVELOPMENT AND MANAGEMENT OF VARIOUS LOW-INCOME HOUSING PROJECTS.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
01-0449761
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,417,290
Income (IRS master file)
$2,024,988

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$2,024,988$1,264,524$10,417,290XML
990September 2024$1,939,407$1,316,967$9,722,336XML
990September 2023$1,434,260$1,223,552$8,521,439XML
990September 2022$1,893,366$1,132,954$8,269,545IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0449761).

Questions about FREEPORT HOUSING TRUST INC

What is the EIN of FREEPORT HOUSING TRUST INC?
The employer identification number (EIN) of FREEPORT HOUSING TRUST INC is 01-0449761.
Is FREEPORT HOUSING TRUST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to FREEPORT HOUSING TRUST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FREEPORT HOUSING TRUST INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FREEPORT HOUSING TRUST INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FREEPORT HOUSING TRUST INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of FREEPORT HOUSING TRUST INC?
The 990 for the year ended September 30, 2025 names CHRIS RONEY.
Who are the officers and directors of FREEPORT HOUSING TRUST INC?
The 990 for the year ended September 30, 2025 lists 13 people; 1 received compensation from the organization, the highest $64,611 (MATT PETERS, EXECUTIVE DIRECTOR).
How much revenue does FREEPORT HOUSING TRUST INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $2,024,988, expenses of $1,264,524 and total assets of $10,417,290 at year end.

Other nonprofits in FREEPORT

All nonprofits in FREEPORT · Maine · Housing and shelter