Civic Intelligence

Home for the Aged

990 • Fiscal year 2015 • EIN 01-0211512

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 12, 2016

777 Stevens AvenuePortland, ME 04103

(207) 797-7710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.53x

Higher debt load relative to assets than 72% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

87th percentile

1.97x

Higher debt load relative to revenue than 87% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

75th percentile

15%

Higher net margin than 75% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

45th percentile

$159,560

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

61st percentile

3.9%

Faster asset growth than 61% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

88th percentile

38%

Faster revenue growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$23,769,861

Up $897,795 (+3.9%) from 2014

Net Assets

Up

$11,274,908

Up $440,307 (+4.1%) from 2014

Liabilities

Up

$12,494,953

Up $457,488 (+3.8%) from 2014

Revenue

Up

$6,353,924

Up $1,759,087 (+38%) from 2014

Expenses

Up

$5,398,008

Up $1,751,922 (+48%) from 2014

Net Income

Up

$955,916

Up $7,165 (+0.8%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $12,767,068Liabilities 2010: $4,789,270Net Assets 2010: $7,977,7982010Assets 2011: $14,090,604Liabilities 2011: $4,570,113Net Assets 2011: $9,520,4912011Assets 2012: $15,951,540Liabilities 2012: $6,317,575Net Assets 2012: $9,633,9652012Assets 2013: $16,434,831Liabilities 2013: $6,270,471Net Assets 2013: $10,164,3602013Assets 2014: $22,872,066Liabilities 2014: $12,037,465Net Assets 2014: $10,834,6012014Assets 2015: $23,769,861Liabilities 2015: $12,494,953Net Assets 2015: $11,274,9082015Assets 2016: $29,975,246Liabilities 2016: $18,870,370Net Assets 2016: $11,104,8762016Assets 2017: $41,313,927Liabilities 2017: $30,918,139Net Assets 2017: $10,395,7882017Assets 2018: $40,599,804Liabilities 2018: $30,553,856Net Assets 2018: $10,045,9482018Assets 2019: $39,169,022Liabilities 2019: $29,974,440Net Assets 2019: $9,194,5822019Assets 2020: $38,157,597Liabilities 2020: $30,197,158Net Assets 2020: $7,960,4392020Assets 2021: $36,502,674Liabilities 2021: $29,112,874Net Assets 2021: $7,389,8002021Assets 2022: $34,196,065Liabilities 2022: $28,746,279Net Assets 2022: $5,449,7862022Assets 2023: $33,166,139Liabilities 2023: $28,129,705Net Assets 2023: $5,036,4342023Assets 2024: $32,783,055Liabilities 2024: $27,436,607Net Assets 2024: $5,346,4482024

Highlighted filing

2015

Assets$23,769,861
Liabilities$12,494,953
Net Assets$11,274,908

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $3,423,7202010Revenue 2011: $3,554,388Expenses 2011: $3,098,948Net Income 2011: $455,4402011Expenses 2012: $3,453,0692012Revenue 2013: $4,102,151Expenses 2013: $3,758,167Net Income 2013: $343,9842013Revenue 2014: $4,594,837Expenses 2014: $3,646,086Net Income 2014: $948,7512014Revenue 2015: $6,353,924Expenses 2015: $5,398,008Net Income 2015: $955,9162015Revenue 2016: $6,162,497Expenses 2016: $5,296,192Net Income 2016: $866,3052016Revenue 2017: $5,866,368Expenses 2017: $6,630,537Net Income 2017: -$764,1692017Revenue 2018: $7,827,580Expenses 2018: $8,113,305Net Income 2018: -$285,7252018Revenue 2019: $7,370,848Expenses 2019: $8,151,778Net Income 2019: -$780,9302019Revenue 2020: $7,023,381Expenses 2020: $8,330,875Net Income 2020: -$1,307,4942020Revenue 2021: $7,577,034Expenses 2021: $8,389,539Net Income 2021: -$812,5052021Revenue 2022: $7,432,134Expenses 2022: $8,586,934Net Income 2022: -$1,154,8002022Revenue 2023: $8,364,698Expenses 2023: $9,082,391Net Income 2023: -$717,6932023Revenue 2024: $8,847,471Expenses 2024: $9,315,230Net Income 2024: -$467,7592024

Highlighted filing

2015

Revenue$6,353,924
Expenses$5,398,008
Net Income$955,916
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 12, 2016
Return Version
2014v6.0
Gross Receipts
$12,020,602
Mission and Program Overview

Mission

To provide housing and services that enhance a person's quality of life, respect personal dignity, and accommodate the need for privacy and self-determination. In doing so, we aim to respond to the individual's changing needs brought about through aging.

To provide high quality housing and services to those 60 years of age and older.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,124,095$13,051,090▲ $1,926,995
Investments in Publicly Traded Securities$9,493,436$7,269,114▼ $2,224,322
Savings and Temporary Cash Investments$1,882,749$2,900,587▲ $1,017,838
Cash and Non-Interest-Bearing Accounts$30,391$366,611▲ $336,220
Intangible Assets$270,364$84,119▼ $186,245
Accounts Receivable$39,483$52,869▲ $13,386
Prepaid Expenses and Deferred Charges$6,348$5,086▼ $1,262
Total Assets$22,872,066$23,769,861▲ $897,795
Other Assets Total$25,200$40,385▲ $15,185
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,109,603$11,330,313▲ $220,710
Accounts Payable and Accrued Expenses$764,803$999,710▲ $234,907
Other Liabilities$163,059$164,930▲ $1,871
Total Liabilities$12,037,465$12,494,953▲ $457,488
Net Assets / Fund Balance
Unrestricted Net Assets$5,151,833$5,299,932▲ $148,099
Temporarily Rstr Net Assets$4,747,717$5,039,925▲ $292,208
Permanently Rstr Net Assets$935,051$935,051→ $0
Total Net Assets Fund Balance$10,834,601$11,274,908▲ $440,307
Total Liabilities and Net Assets / Fund Balance$22,872,066$23,769,861▲ $897,795

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,842,005$8,565,838$17,407,843
Other Land Buildings$2,319,685$27,000$2,346,685
Land$1,057,829-$1,057,829
Equipment$831,571$173,339$1,004,910

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$10,584,905$351,300▲ $650,522$1,985,838$9,600,889
2014$9,207,686$296,156▲ $1,657,314$576,251$10,584,905
2013$8,251,778$244,265▲ $711,643-$9,207,686
2012$7,595,796$394,812▲ $261,170-$8,251,778
2011$6,291,101$114,366▲ $1,190,329-$7,595,796
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Denise M VachonCEOFT$144,824$14,736$159,560
Lisa NoonanCOOFT$100,442$6,298$106,740
Robert MoorePast CFOFT$94,255$12,188$106,443

Board Members and Trustees

NameTitle
Michael BevilacquaPresident
Erik HaywardVice President
Richard BlakePast Trustee
Bill ShanahanTrustee
Brett SeekinsTrustee
Catherine LamsonTrustee
Matthew JacobsonTrustee
Nelson MegnaTrustee
Susan PelletierTrustee
Mary TooleSecretary
Dana MitiguyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Perkins ThompsonLegal ServicesOne Canal Plaza, Portland, ME 04112-0426$164,473
Revenue and Support

Revenue Composition

Contributions and Grants
$4,871
Program Service Revenue
$5,140,465
Investment Income
$1,218,249
Other Revenue
$-9,661
All Other Contributions
$4,871
Change in Net Assets
$955,916

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,304,914
Revenue Not Reported on Financial Statements
$49,010
Revenue Not Reported on Form 990
$-392,143
Total Revenue per Audited Statements
$5,912,771
Total Revenue per Form 990
$6,353,924
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,915,456
Salaries, Compensation, and Employee Benefits$2,482,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,461,198$245,418-$1,706,616
Depreciation Depletion$832,594--$832,594
Occupancy$651,664--$651,664
Interest$446,215--$446,215
Current Officers, Directors, Trustees, and Key Employees-$372,743-$372,743
Other Employee Benefits$166,914$22,618-$189,532
Payroll Taxes$106,225$41,735-$147,960
Advertising-$118,618-$118,618
Office Expenses$37,425$73,992-$111,417
Fees for Services Accounting-$88,927-$88,927
Information Technology-$78,639-$78,639
Pension Plan Contributions$56,253$9,448-$65,701
Fees for Service Investment Mgmnt Fees-$49,010-$49,010
Fees for Services Other$20,651$22,420-$43,071
Insurance$28,128--$28,128
Fees for Services Legal-$27,615-$27,615
Conferences and Meetings-$24,181-$24,181
Other Expenses$21,394$57,935-$21,394
Travel$4,982--$4,982
Total Functional Expenses$4,164,709$1,233,299$0$5,398,008

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,472,464
Total Expenses per Form 990$5,398,008
Expenses per Audited Statements$5,346,315
Expenses Not Reported on Form 990$126,149
Expenses Not Reported on Financial Statements$51,693
Other Expense Adjustments$2,683
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$138,545
Tenant Deposits$26,385
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11

A draft of Form 990 is reviewed by the Finance Committee and staff each year. The committee and staff then present the 990 to the full Board of Trustees for approval prior to being sent to the IRS.

Form 990, Part VI, Section B, line 12C

The Organization utilizes written conflict of interest forms to ensure compliance with the written conflict of interest policy.

Form 990, Part VI, Section B, line 15

Compensation is reviewed in detail each fiscal year by the Personnel Committee and Board of Trustees and is competitive market tested annually.

Form 990, Part VI, Section C, line 19

The governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Home for the Aged
EIN
01-0211512
Phone
2077977710
Address
777 Stevens Avenue, Portland, ME 04103

Signing Officer

Name
Denise Vachon
Title
CEO
Phone
2077977710
Signed
2016-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Vachon
Formed
1881
Legal Domicile
Me
Voting Board Members
10
Independent Board Members
10
Employees
112
Volunteers
10

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Joseph R Byrne CPA
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipments

Section 1.263(a)-3(n) Election: Home for the Aged 777 Stevens Avenue Portland, ME 04103 EIN: 01-0211512 Home for the Aged is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).

Form 990, Part XI, line 9:

Book to Tax Differences in Expenses for HFA Forest Avenue Properties LLC 2,683.

Financial Statement Notes

Part V, Line 4:

The endowment funds of the Home for the Aged are made up of four groups (Group I, Group II, Group III, and Samuel Clark, Jr. Funds) each with its own guidelines for usage. The use of Group I income is unrestricted with the principal being classified as not expendable. The use of Group II income is expendable to support aged married couples with the principal being classified as not expendable. The Home maintains this requirement by giving priority to couples and survivors of couples when filling vacant residential units. The use of Group III funds is unrestricted for both principal and income. The use of the Clark Fund principal and income is expendable to support aged married couples. The Home maintains this requirement by giving priority to couples and survivors of couples when filling vacant residential units. Based on the guidelines of each group, the usage of funds from the endowments is used to help with the cost of operating the Organization.

Part XI, Line 2D - Other Adjustments:

Rental Expenses 126,149.

Part XII, Line 2D - Other Adjustments:

Rental Expenses 126,149.

Part XII, Line 4B - Other Adjustments:

Book to Tax Differences in Expenses for HFA Forest Avenue Properties LLC 2,683.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt12COO
IRS990/Form990PartVIISectionAGrp/TitleTxt13Past CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01881
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01034034
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06574563
IRS990/GrossReceiptsAmt012020602
IRS990/GrossRentsGrp/RealAmt0115813
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt078639
IRS990/InformationTechnologyGrp/TotalAmt078639
IRS990/InsuranceGrp/ProgramServicesAmt028128
IRS990/InsuranceGrp/TotalAmt028128
IRS990/IntangibleAssetsGrp/BOYAmt0270364
IRS990/IntangibleAssetsGrp/EOYAmt084119
IRS990/InterestGrp/ProgramServicesAmt0446215
IRS990/InterestGrp/TotalAmt0446215
IRS990/InvestmentIncomeGrp/ExclusionAmt0184215
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0184215
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09493436
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07269114
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08766177
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011124095
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013051090
IRS990/LandBldgEquipCostOrOtherBssAmt021817267
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt05540529
IRS990/LessRentalExpensesGrp/RealAmt0126149
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To provide housing and services that enhance a person's quality of life, respect personal dignity, and accommodate the need for privacy and self-determination. In doing so, we aim to respond to the individual's changing needs brought about through aging.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011109603
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011330313
IRS990/NetAssetsOrFundBalancesBOYAmt010834601
IRS990/NetAssetsOrFundBalancesEOYAmt011274908
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01034034
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01034034
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt010717
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-10336
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-21053
IRS990/NetUnrelatedBusTxblIncmAmt0-20378
IRS990/NetUnrlzdGainsLossesInvstAmt0-518292
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0651664
IRS990/OccupancyGrp/TotalAmt0651664
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt073992
IRS990/OfficeExpensesGrp/ProgramServicesAmt037425
IRS990/OfficeExpensesGrp/TotalAmt0111417
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt025200
IRS990/OtherAssetsTotalGrp/EOYAmt040385
IRS990/OtherChangesInNetAssetsAmt02683
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022618
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0166914
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0189532
IRS990/OtherExpensesGrp/Desc0Food Service Expenses
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Service Provider Tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt057935
IRS990/OtherExpensesGrp/ProgramServicesAmt0330493
IRS990/OtherExpensesGrp/ProgramServicesAmt1573
IRS990/OtherExpensesGrp/ProgramServicesAmt221394
IRS990/OtherExpensesGrp/TotalAmt0330493
IRS990/OtherExpensesGrp/TotalAmt158508
IRS990/OtherExpensesGrp/TotalAmt221394
IRS990/OtherLiabilitiesGrp/BOYAmt0163059
IRS990/OtherLiabilitiesGrp/EOYAmt0164930
IRS990/OtherRevenueMiscGrp/BusinessCd0812930
IRS990/OtherRevenueMiscGrp/Desc0Parking Lot Revenue
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0675
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0675
IRS990/OtherRevenueTotalAmt0675
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0245418
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01461198
IRS990/OtherSalariesAndWagesGrp/TotalAmt01706616
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt041735
IRS990/PayrollTaxesGrp/ProgramServicesAmt0106225
IRS990/PayrollTaxesGrp/TotalAmt0147960
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt09448
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt056253
IRS990/PensionPlanContributionsGrp/TotalAmt065701
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0935051
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0935051
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06348
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05086
IRS990/PrincipalOfficerNm0Denise Vachon
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/BusinessCd1623990
IRS990/ProgramServiceRevenueGrp/BusinessCd2623990
IRS990/ProgramServiceRevenueGrp/BusinessCd3623990
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Meal Income
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/Desc3Contractual Adjustment
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05183593
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1351206
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt246024
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-440358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05183593
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1351206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt246024
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-440358
IRS990/ProgSrvcAccomActy2Grp/Desc0Home 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 $440,358.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01301361
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01945242
IRS990/ProgSrvcAccomActy3Grp/Desc0Home for the Aged provides high quality, dignified, safe and affordable housing (70 independent living apartments) to those whose means are defined as "very low income or "extremely low income" in accordance with federal eligibility guidelines for the HUD Section 8 program.In providing Section 8 housing, Home for the Aged, in partnership with the U.S. Department of HUD, provides housing to those who would otherwise be at financial risk due to the high cost of housing and utilities. These apartments are specially designed to optimally meet the needs of those who are aging in place. As these residents age, by virtue of their residency, they are given priority for transfers to the assisted living program at such time as a higher level of care is needed.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01382976
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01182633
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Home for the Aged provides certain services (including meals, civic, cultural and recreational activities and emergency response services) to the residents at the 777 Stevens Avenue, Portland, Maine site. Home fore the Aged 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 ($422,300) for the provision of these services to the residents of Home for the Aged are provided with the financial underwriting by the Home's endowment.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0422300
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010117
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0889868
IRS990/PYOtherExpensesAmt01932127
IRS990/PYOtherRevenueAmt04098
IRS990/PYProgramServiceRevenueAmt03690754
IRS990/PYRevenuesLessExpensesAmt0948751
IRS990/PYSalariesCompEmpBnftPaidAmt01713959
IRS990/PYTotalExpensesAmt03646086
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04594837
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0955916
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0-10336
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02012590
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01882749
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02900587
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Bad Debt Recovery - 2010 Amount: $ 87,235.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part III, Line 12, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt04871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt02690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0155
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt018829
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0188778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0190899
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0205489
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0202132
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0168929
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0956227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05140465
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03690754
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03505997
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03330879
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03328615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt018996710
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0188778
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0190899
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0205489
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0202132
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0168929
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0956227
IRS990ScheduleA/InvestmentIncomeCYPct00.04760
IRS990ScheduleA/InvestmentIncomePYPct00.04980
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0144
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt023758
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt023902
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt087235
IRS990ScheduleA/OtherIncome509Grp/TotalAmt087235
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$32.8$27.4$5.35$8.85$9.32$0.47
2023Detailed filing. Detailed filing data is available for this year.$33.2$28.1$5.04$8.36$9.08$0.72
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.2$28.7$5.45$7.43$8.59$1.15
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.5$29.1$7.39$7.58$8.39$0.81
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.2$30.2$7.96$7.02$8.33$1.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.2$30.0$9.19$7.37$8.15$0.78
2018Detailed filing. Detailed filing data is available for this year.$40.6$30.6$10.0$7.83$8.11$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.3$30.9$10.4$5.87$6.63$0.76
2016Detailed filing. Detailed filing data is available for this year.$30.0$18.9$11.1$6.16$5.30$0.87
2015Detailed filing. Detailed filing data is available for this year.$23.8$12.5$11.3$6.35$5.40$0.96
2014Detailed filing. Detailed filing data is available for this year.$22.9$12.0$10.8$4.59$3.65$0.95
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.4$6.27$10.2$4.10$3.76$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$6.32$9.63$3.45
2011Summary only. Only limited summary data is available for this year.$14.1$4.57$9.52$3.55$3.10$0.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.8$4.79$7.98$3.42
Peer Organizations

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