Civic Intelligence

Home for the Aged

990 • Fiscal year 2016 • EIN 01-0211512

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 15, 2017

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

78th percentile

0.63x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

3.06x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

76th percentile

14%

Higher net margin than 76% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

27th percentile

$164,575

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

90th percentile

26%

Faster asset growth than 90% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

32nd percentile

-3.0%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$29,975,246

Up $6,205,385 (+26%) from 2015

Net Assets

Down

$11,104,876

Down $170,032 (-1.5%) from 2015

Liabilities

Up

$18,870,370

Up $6,375,417 (+51%) from 2015

Revenue

Down

$6,162,497

Down $191,427 (-3.0%) from 2015

Expenses

Down

$5,296,192

Down $101,816 (-1.9%) from 2015

Net Income

Down

$866,305

Down $89,611 (-9.4%) from 2015

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

2016

Assets$29,975,246
Liabilities$18,870,370
Net Assets$11,104,876

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

2016

Revenue$6,162,497
Expenses$5,296,192
Net Income$866,305
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 15, 2017
Return Version
2015v3.0
Gross Receipts
$12,518,671
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$13,051,090$23,094,639▲ $10,043,549
Investments in Publicly Traded Securities$7,269,114$5,066,807▼ $2,202,307
Savings and Temporary Cash Investments$2,900,587$954,403▼ $1,946,184
Cash and Non-Interest-Bearing Accounts$366,611$727,019▲ $360,408
Accounts Receivable$52,869$56,082▲ $3,213
Prepaid Expenses and Deferred Charges$5,086$0▼ $5,086
Intangible Assets$0--
Total Assets$23,685,742$29,975,246▲ $6,289,504
Other Assets Total$40,385$76,296▲ $35,911
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,246,194$15,888,324▲ $4,642,130
Accounts Payable and Accrued Expenses$999,710$2,756,506▲ $1,756,796
Other Liabilities$164,930$225,540▲ $60,610
Total Liabilities$12,410,834$18,870,370▲ $6,459,536
Net Assets / Fund Balance
Unrestricted Net Assets$5,299,932$8,372,465▲ $3,072,533
Temporarily Rstr Net Assets$5,039,925$1,797,360▼ $3,242,565
Permanently Rstr Net Assets$935,051$935,051→ $0
Total Net Assets Fund Balance$11,274,908$11,104,876▼ $170,032
Total Liabilities and Net Assets / Fund Balance$23,685,742$29,975,246▲ $6,289,504

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,989,293$9,024,047$16,013,340
Other Land Buildings$12,853,058$30,555$12,883,613
Land$2,388,461-$2,388,461
Equipment$863,827$183,136$1,046,963

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$9,600,889$304,529▲ $16,054$4,522,865$5,398,607
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Denise M VachonCEOFT$149,065$15,510$164,575
Lisa NoonanCOOFT$113,424$6,944$120,368
Lorri SommerCFOFT$42,714$2,267$44,981

Board Members and Trustees

NameTitle
Michael BevilacquaPresident
Erik HaywardVice President
Catherine LamsonPast Trustee
Matthew JacobsonPast Trustee
Bill ShanahanTrustee
Brett SeekinsTrustee
Matthew HolbrookTrustee
Nelson MegnaTrustee
Roberta WrightTrustee
Susan PelletierTrustee
Tyler HobbsTrustee
Mary TooleSecretary
Dana MitiguyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
PC Construction CompanyConstruction193 Tilley Drive, South Burlington, VT 05403$1,477,352
Lavallee Brensinger ArchitectsArchitectual Services155 Dow Street Suite 400, Manchester, NH 03101$1,004,884
Perkins ThompsonLegal ServicesOne Canal Plaza, Portland, ME 04112-0426$164,473
Mitchell & AssociatesReal Estate Consulting70 Center Street, Portland, ME 04101$113,322
Revenue and Support

Revenue Composition

Contributions and Grants
$5,570
Program Service Revenue
$5,066,053
Investment Income
$1,090,874
Other Revenue
$0
All Other Contributions
$5,570
Change in Net Assets
$866,305

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,124,846
Revenue Not Reported on Financial Statements
$37,651
Revenue Not Reported on Form 990
$-1,036,337
Total Revenue per Audited Statements
$5,088,509
Total Revenue per Form 990
$6,162,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,707,065
Salaries, Compensation, and Employee Benefits$2,589,127
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,499,520$327,731-$1,827,251
Depreciation Depletion$714,072--$714,072
Occupancy$586,942--$586,942
Interest$442,012$36,044-$478,056
Current Officers, Directors, Trustees, and Key Employees-$329,924-$329,924
Other Employee Benefits$172,557$35,711-$208,268
Payroll Taxes$110,111$45,846-$155,957
Office Expenses$41,207$77,185-$118,392
Advertising-$91,690-$91,690
Information Technology-$72,995-$72,995
Fees for Services Accounting-$68,042-$68,042
Pension Plan Contributions$55,580$12,147-$67,727
Fees for Services Other$28,684$20,530-$49,214
Fees for Services Legal-$38,191-$38,191
Fees for Service Investment Mgmnt Fees-$37,651-$37,651
Insurance$32,155$2,772-$34,927
Conferences and Meetings-$24,269-$24,269
Other Expenses$3,733$13,194-$16,927
Travel$3,382--$3,382
Total Functional Expenses$4,062,270$1,233,922$0$5,296,192

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,296,192
Expenses per Audited Statements$5,258,541
Total Expenses per Audited Statements$5,258,541
Expenses Not Reported on Financial Statements$37,651
Expenses Not Reported on Form 990$0
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$199,273
Tenant Deposits$26,267
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

Lorri Sommer, Chief Financial Officer, reviews the prepared Form 990 and work performed by Bruce Rutter, Director of Finance, in conjuction with preparation prior to the Organization's February Finance Committee meeting. Members of the Finance Committee receive a copy of the prepared 990 and meet with the Organization's independent accounting firm, Berry Dunn, to discuss preparation. The Finance Committee recommends approval to the Board of Trustees. The Board of Trustees then receives a copy of the prepared Form 990 and votes to approve the return prior to filing.

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

The Organization's Conflict of Interest Policy covers Trustees, Officers and Key Employees (CEO, COO, CFO). The Organization reviews the Conflict of Interest Policy with these individuals annually and requires them to complete and sign an acknowledgement and disclosure questionnaire. The Organization's officers also monitor transactions during the year for known conflicts of interest. The policy requires that any conflict of interest transaction be authorized, approved or ratified by the majority of board members who do not have an interest. A conflict of interest transaction can only be approved, authorized or ratified if the material facts are known, the transaction is fair and equitable to the Organization and any conflict of interest is not substantial. Documentation of all relevant information is maintained in the board minutes.

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
Doing Business As
The Park Danforth

Signing Officer

Name
Denise Vachon
Title
CEO
Phone
2077977710
Signed
2017-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Vachon
Formed
1881
Legal Domicile
Me
Voting Board Members
11
Independent Board Members
11
Employees
120
Volunteers
13

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).

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.

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IRS990/Form990PartVIISectionAGrp/PersonNm0Michael Bevilacqua
IRS990/Form990PartVIISectionAGrp/PersonNm1Erik Hayward
IRS990/Form990PartVIISectionAGrp/PersonNm2Dana Mitiguy
IRS990/Form990PartVIISectionAGrp/PersonNm3Mary Toole
IRS990/Form990PartVIISectionAGrp/PersonNm4Nelson Megna
IRS990/Form990PartVIISectionAGrp/PersonNm5Susan Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm6Brett Seekins
IRS990/Form990PartVIISectionAGrp/PersonNm7Bill Shanahan
IRS990/Form990PartVIISectionAGrp/PersonNm8Tyler Hobbs
IRS990/Form990PartVIISectionAGrp/PersonNm9Matthew Holbrook
IRS990/Form990PartVIISectionAGrp/PersonNm10Roberta Wright
IRS990/Form990PartVIISectionAGrp/PersonNm11Matthew Jacobson
IRS990/Form990PartVIISectionAGrp/PersonNm12Catherine Lamson
IRS990/Form990PartVIISectionAGrp/PersonNm13Denise M Vachon
IRS990/Form990PartVIISectionAGrp/PersonNm14Lisa Noonan
IRS990/Form990PartVIISectionAGrp/PersonNm15Lorri Sommer
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13149065
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14113424
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1542714
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
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/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14COO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01881
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0926981
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt07283155
IRS990/GrossReceiptsAmt012518671
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt072995
IRS990/InformationTechnologyGrp/TotalAmt072995
IRS990/InsuranceGrp/ManagementAndGeneralAmt02772
IRS990/InsuranceGrp/ProgramServicesAmt032155
IRS990/InsuranceGrp/TotalAmt034927
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt036044
IRS990/InterestGrp/ProgramServicesAmt0442012
IRS990/InterestGrp/TotalAmt0478056
IRS990/InvestmentIncomeGrp/ExclusionAmt0163893
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0163893
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt07269114
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05066807
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09237738
IRS990/LandBldgEquipBasisNetGrp/BOYAmt013051090
IRS990/LandBldgEquipBasisNetGrp/EOYAmt023094639
IRS990/LandBldgEquipCostOrOtherBssAmt032332377
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06356174
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/BOYAmt011246194
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt015888324
IRS990/NetAssetsOrFundBalancesBOYAmt011274908
IRS990/NetAssetsOrFundBalancesEOYAmt011104876
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0926981
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0926981
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1036337
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0586942
IRS990/OccupancyGrp/TotalAmt0586942
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt077185
IRS990/OfficeExpensesGrp/ProgramServicesAmt041207
IRS990/OfficeExpensesGrp/TotalAmt0118392
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040385
IRS990/OtherAssetsTotalGrp/EOYAmt076296
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035711
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0172557
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0208268
IRS990/OtherExpensesGrp/Desc0Food Service Expenses
IRS990/OtherExpensesGrp/Desc1Service Provider Tax
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013194
IRS990/OtherExpensesGrp/ProgramServicesAmt0343707
IRS990/OtherExpensesGrp/ProgramServicesAmt128608
IRS990/OtherExpensesGrp/ProgramServicesAmt23733
IRS990/OtherExpensesGrp/TotalAmt0343707
IRS990/OtherExpensesGrp/TotalAmt128608
IRS990/OtherExpensesGrp/TotalAmt216927
IRS990/OtherLiabilitiesGrp/BOYAmt0164930
IRS990/OtherLiabilitiesGrp/EOYAmt0225540
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0327731
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01499520
IRS990/OtherSalariesAndWagesGrp/TotalAmt01827251
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt045846
IRS990/PayrollTaxesGrp/ProgramServicesAmt0110111
IRS990/PayrollTaxesGrp/TotalAmt0155957
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012147
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt055580
IRS990/PensionPlanContributionsGrp/TotalAmt067727
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0935051
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0935051
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05086
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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/RelatedOrExemptFuncIncomeAmt05254408
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1358617
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt219168
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-566140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05254408
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1358617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt219168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-566140
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 $566,140.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01547180
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01765517
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/ExpenseAmt0476796
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01196211
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04871
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01218249
IRS990/PYOtherExpensesAmt02915456
IRS990/PYOtherRevenueAmt0-9661
IRS990/PYProgramServiceRevenueAmt05140465
IRS990/PYRevenuesLessExpensesAmt0955916
IRS990/PYSalariesCompEmpBnftPaidAmt02482552
IRS990/PYTotalExpensesAmt05398008
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06353924
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0866305
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02104325
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02900587
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0954403
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05570
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt010117
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02690
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0996
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt024244
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0163893
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0188778
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0190899
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0205489
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0202132
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0951191

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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • $25M-$50M nonprofits