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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.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$615K
Program Spending
77%
of total expenses go to program services
Total Contributions
$155K
Total Expenses
▼$506.7K
Total Assets
$7.5M
Total Liabilities
▼$4.6M
Net Assets
$2.8M
Officer Compensation
→N/A
Other Salaries
$72K
Investment Income
$0
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$5.3M
Awards Found
35
Department of Health and Human Services
$433.5K
JOB OPPORTUNTIES FOR LOW IN-COME INDIVIDUALS (JOLI) PROGRAM
Small Business Administration
$150K
PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT OF 1999 -
Department of the Treasury
$150K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH TECHNICAL ASSISTANCE AWARDS TO BUILD THE CAPACITY OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. ACTIVITIES TO BE PERFORMED: TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS: COMPENSATION – PERSONAL SERVICES, COMPENSATION – FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOALS: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI’S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE LOW-INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION. INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON FOR MODIFICATION: NOT APPLICABLE.
Department of Agriculture
$105K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Small Business Administration
$57.7K
PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS ACT OF 1999 -
Small Business Administration
$36.1K
MICROLOAN - MAINESTREAM FINANCE - ME TO PROVIDE TECHNICAL ASSISTANCE AND TRAINING.
Department of Agriculture
$32.7K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$30.5K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$30.3K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$27.4K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Small Business Administration
$25.7K
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Department of Agriculture
$17.7K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$9,680.55
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Small Business Administration
$8,824
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Department of Agriculture
$8,758
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Small Business Administration
$5,644
MICROLOAN PROGRAM TECHNICAL ASSISTANCE
Small Business Administration
$1,693
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Small Business Administration
$372
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
$0
THE SMALL BUSINESS ADMINISTRATION (SBA) MICROLOAN PROGRAM PROVIDES DIRECT LOANS AND GRANTS TO ELIGIBLE NON-PROFIT MICROLENDERS SO THAT THEY MAY PROVIDE MICRO-LEVEL LOANS, AND BUSINESS BASED TRAINING AND TECHNICAL ASSISTANCE TO START- UP, NEWLY ESTABLISHED AND GROWING SMALL BUSINESS CONCERNS.
Small Business Administration
-$5,234.31
MICROLOAN PROGRAM - TECHNICAL ASSISTANCE GRANT
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
5
Material Weakness
Yes
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Minor Findings | Unmodified (Clean) | $812.2K | No | 2025-05-23 |
| 2023 | Material Weakness | Unmodified (Clean) | $1.3M | No | 2024-06-18 |
| 2023 | Material Weakness | Unmodified (Clean) | $1.3M | No | 2024-06-27 |
| 2022 | Minor Findings | Unmodified (Clean) | $1.5M | Yes | 2023-05-08 |
| 2021 | Clean | Unmodified (Clean) | $926.9K | No | 2022-03-23 |
| 2020 | Clean | Unmodified (Clean) | $1.3M | No | 2021-04-15 |
| 2019 | Minor Findings | Unmodified (Clean) | $1.4M | Yes | 2020-04-02 |
| 2018 | Clean | Unmodified (Clean) | $1.6M | Yes | 2019-02-19 |
| 2017 | Clean | Unmodified (Clean) | $1.5M | Yes | 2018-03-10 |
| 2016 | Clean | Unmodified (Clean) | $1.6M | Yes | 2017-03-20 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$812.2K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$926.9K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.6M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $615K | $155K | $506.7K | $7.5M | $2.8M |
| 2022 | $1.4M | $1.1M | $643.2K | $6.7M | $2.8M |
| 2021 | $1.6M | $1.2M | $702K | $6.9M | $2M |
| 2020 | $659.1K | $267.4K | $613.9K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Kara Hay | Chief Executive Officer | 0 | $0 | $249.2K | $35.9K | $285.1K |
| Denice Conary | Chief Financial Officer | 0 | $0 | $183.8K | $25.8K | $209.6K |
| Heidi Leblanc | Chief Operating Officer | 0 | $0 | $165.2K | $2,636 | $167.8K |
| Kayla Dunn | Board Chair | 1 | $0 | $0 | $0 | $0 |
Kara Hay
Chief Executive Officer
$285.1K
Hrs/Wk
0
Compensation
$0
Related Orgs
$249.2K
Other
$35.9K
Denice Conary
Chief Financial Officer
$209.6K
Hrs/Wk
0
Compensation
$0
Related Orgs
$183.8K
Other
$25.8K
Heidi Leblanc
Chief Operating Officer
$167.8K
Hrs/Wk
0
Compensation
$0
Related Orgs
$165.2K
Other
$2,636
Kayla Dunn
Board Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Brent Folster | Director | 1 | $0 | $0 | $0 | $0 |
| Danielle Hewes | Director | 1 | $0 | $0 | $0 | $0 |
| Harvey Gosselin Iii | Director | 1 | $0 | $0 | $0 | $0 |
| Melissa Huston | Director | 1 | $0 | $0 | $0 | $0 |
| Scott Kilcollins | Director (termed Feb 2024) | 1 | $0 | $0 | $0 | $0 |
| William Bennett | Director |
Brent Folster
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Danielle Hewes
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Harvey Gosselin Iii
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $5.9M |
| $1.1M |
| 2019 | $683.5K | $321.5K | $857.3K | $5.8M | $1.1M |
| 2018 | $805.7K | $480.7K | $899.4K | $5.4M | $1.3M |
| 2017 | $661.1K | $328.1K | $799.6K | $5.5M | $1.4M |
| 2016 | $753.8K | $411.4K | $959.2K | $6.7M | $1.5M |
| 2015 | $892.3K | $562K | $804.7K | $7.5M | $1.7M |
| 2014 | $1.2M | $805.4K | $963.2K | $6.2M | $1.6M |
| 2013 | $1.1M | $760.1K | $602.2K | $5M | $1.4M |
| 2012 | $491.1K | $251.8K | $474.1K | $3.9M | $931.2K |
| 2011 | $453.2K | $280.9K | $548.9K | $2.9M | $954.6K |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
Melissa Huston
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Scott Kilcollins
Director (termed Feb 2024)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
William Bennett
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0