Mahc Inc in Old Orchd Bch, Maine (ME)

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Mahc Inc
Employer Identification Number (EIN)010484154
Name of OrganizationMahc Inc
AddressPO BOX T, Old Orchd Bch, ME 04064-0896
ActivitiesTitle holding corporation
SubsectionTitle Holding Corporation
Ruling Date04/1994
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period06/2012
Assets$1,000,000 to $4,999,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,302,160
Amount of Income$93,430
Form 990 Revenue Amount$26,952

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Financial snapshot ($)

Revenue for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
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 2011)
Total revenue$21,754
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$181
Income from investment of tax-exempt bond proceeds$0
Net rental income$21,573
Gross rents (Real / Personal)$0 / $92,229
Less: rental expenses (Real / Personal)$0 / $70,656
Rental income or (loss) (Real / Personal)$0 / $21,573
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$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$5,700
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 2011)
Total assets$1,309,038
Total liabilities$670,717
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$668,122
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$638,321
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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