Home for the Aged

Filing Period

Jul 1, 2012 to Jun 30, 2013

Signed

Feb 12, 2014

Return Version

2012v2.1

Gross Receipts

$7,395,404

Mission

Major Activities

Activity 2

Home for the Aged provides high quality housing, meals, personal care services, assistance with medications and civic, cultural and recreational activities to the residents of its thirty-six state-licensed assisted living studios. Some of the apartments are offered to low and very low income residents, subsidized by the State of Maine's MaineCare program. Home for the Aged operates the MaineCare supported studios at below-cost, and operating subsidies (to offset losses) are provided by the Home's endowment. Estimated operating subsidies in the current year were $492,370.

Activity 3

Home for the Aged provides certain services (including meals, civic, cultural and recreational activities and emergency response services) to the residents of The Park-Danforth, another 501(c)(3) entity, co-located at the 777 Stevens Avenue, Portland, Maine site. The Park-Danforth operates 70 federally-assisted apartments offered to people 62 years of age and older who are eligible to occupy them (meeting the federal definition of very-low or extremely-low income). Home for the Aged provides the meal program at below-cost, and the other services at no charge. The operating subsidies ($436,349) for the provision of these services to the residents of The Park-Danforth (to offset losses) are provided with the financial underwriting by the Home's endowment and is reported on line 24a of page 10 as "Note Rec. Loss Provision".

Filer

EIN

01-0211512