Civic Intelligence

Home for the Aged

990 • Fiscal year 2019 • EIN 01-0211512

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 15, 2020

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

85th percentile

0.77x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

4.07x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

16th percentile

-11%

Higher net margin than 16% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

32nd percentile

$186,146

Higher top officer pay than 32% of similar nonprofits.

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

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

16th percentile

-3.5%

Faster asset growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

24th percentile

-5.8%

Faster revenue growth than 24% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Down

$39,169,022

Down $1,430,782 (-3.5%) from 2018

Net Assets

Down

$9,194,582

Down $851,366 (-8.5%) from 2018

Liabilities

Down

$29,974,440

Down $579,416 (-1.9%) from 2018

Revenue

Down

$7,370,848

Down $456,732 (-5.8%) from 2018

Expenses

Up

$8,151,778

Up $38,473 (+0.5%) from 2018

Net Income

Down

-$780,930

Down $495,205 (-173%) from 2018

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

2019

Assets$39,169,022
Liabilities$29,974,440
Net Assets$9,194,582

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

2019

Revenue$7,370,848
Expenses$8,151,778
Net Income-$780,930
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 15, 2020
Return Version
2018v3.1
Gross Receipts
$10,841,915
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$33,061,836$31,723,696▼ $1,338,140
Investments in Publicly Traded Securities$5,398,317$3,665,813▼ $1,732,504
Savings and Temporary Cash Investments$1,438,292$3,180,514▲ $1,742,222
Cash and Non-Interest-Bearing Accounts$586,752$432,618▼ $154,134
Accounts Receivable$110,557$151,781▲ $41,224
Prepaid Expenses and Deferred Charges$4,050$14,600▲ $10,550
Total Assets$40,599,804$39,169,022▼ $1,430,782
Liabilities
Tax Exempt Bond Liabilities$29,005,312$28,508,076▼ $497,236
Mortgage Notes Payable Secured by Investment Property$818,541$807,131▼ $11,410
Accounts Payable and Accrued Expenses$410,992$375,635▼ $35,357
Other Liabilities$319,011$283,598▼ $35,413
Total Liabilities$30,553,856$29,974,440▼ $579,416
Net Assets / Fund Balance
Unrestricted Net Assets$7,314,601$6,403,704▼ $910,897
Temporarily Rstr Net Assets$1,796,296$1,855,827▲ $59,531
Permanently Rstr Net Assets$935,051$935,051→ $0
Total Net Assets Fund Balance$10,045,948$9,194,582▼ $851,366
Total Liabilities and Net Assets / Fund Balance$40,599,804$39,169,022▼ $1,430,782

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,407,047$13,046,172$38,453,219
Land$2,500,640-$2,500,640
Equipment$1,832,986$222,595$2,055,581
Other Land Buildings$1,983,023$49,353$2,032,376

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$5,995,411$252,492▲ $319,606$678,328$5,889,181
2018$5,554,492$202,491▲ $320,482$82,054$5,995,411
2017$5,398,607$168,744▲ $285,672$298,531$5,554,492
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Denise M VachonCEOFT$165,983$20,163$186,146
Lisa NoonanCOOFT$123,557$15,920$139,477
Lorri SommerCFOFT$120,296$5,792$126,088

Board Members and Trustees

NameTitle
Dana MitiguyPresident
Bill ShanahanPast Vice President
Roberta WrightVice President
Nelson MegnaPast Trustee
Annie WellsTrustee
Eileen GriffinTrustee
Janice McCormickTrustee
Jeanine LeFevreTrustee
Joe GrayTrustee
Michael McGovernTrustee
Susan PelletierTrustee
Tyler HobbsTrustee
Victoria PowersTrustee
Jason StraetzSecretary
Matthew HolbrookTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,401
Program Service Revenue
$6,928,158
Investment Income
$431,289
Other Revenue
$0
All Other Contributions
$11,401
Change in Net Assets
$-780,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,311,109
Revenue Not Reported on Financial Statements
$59,739
Revenue Not Reported on Form 990
$-70,436
Other Revenue Adjustments
$27,317
Total Revenue per Audited Statements
$7,240,673
Total Revenue per Form 990
$7,370,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,813,559
Salaries, Compensation, and Employee Benefits$3,338,219
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,886,890$375,629-$2,262,519
Depreciation Depletion$1,691,575--$1,691,575
Interest$1,131,488--$1,131,488
Occupancy$873,578--$873,578
Current Officers, Directors, Trustees, and Key Employees-$451,711-$451,711
Other Employee Benefits$316,328$21,003-$337,331
Payroll Taxes$136,809$55,116-$191,925
Office Expenses$48,673$128,034-$176,707
Pension Plan Contributions$79,005$15,728-$94,733
Advertising-$89,486-$89,486
Information Technology-$84,765-$84,765
Fees for Services Accounting-$77,056-$77,056
Fees for Services Other$50,256--$50,256
Other Expenses$36,489$50,346-$36,489
Fees for Service Investment Mgmnt Fees-$32,422-$32,422
Conferences and Meetings-$17,270-$17,270
Fees for Services Legal-$11,721-$11,721
Insurance-$9,807-$9,807
Travel$5,683--$5,683
Total Functional Expenses$6,731,684$1,420,094$0$8,151,778

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,151,778
Expenses per Audited Statements$8,092,039
Total Expenses per Audited Statements$8,092,039
Expenses Not Reported on Financial Statements$59,739
Other Expense Adjustments$27,317
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$257,715
Tenant Deposits$25,883

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMaine State Housing Authority2015-12-10$29,860,162Construction of New Facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$29,860,162-$767,884-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
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 11B

Lorri Sommer, Chief Financial Officer, reviews prepared 990 and work performed by Bruce Rutter, Director of Finance, in conjuction with preparation prior to February Finance Committee meeting. Members of the Finance Committee receive a copy of the prepared 990 and meet with Joe Byrne, Berry Dunn, to discuss preparation. Finance Committee recommends approval to the Board of Trustees. Board of Trustees receives copy of prepared 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 budgets, including proposed wage increases and comparative data, are reviewed annually by the Board of Trustee's Personnel Committee. Discussion and decisions are documented in meeting minutes. CEO compensation is determined annually by the Board of Trustees based on performance and comparative data and documented in writing.

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
2020-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Vachon
Formed
1881
Legal Domicile
Me
Voting Board Members
13
Independent Board Members
13
Employees
125
Volunteers
100

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.

Part XI, Line 4B - Other Adjustments:

Gain on Disposal of Fixed Assets 8,000. Miscellaneous Income 19,317.

Part XII, Line 4B - Other Adjustments:

Gain on Disposal of Fixed Assets 8,000. Miscellaneous Income 19,317.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1520163
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1615920
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt175792
IRS990/Form990PartVIISectionAGrp/PersonNm0Dana Mitiguy
IRS990/Form990PartVIISectionAGrp/PersonNm1Roberta Wright
IRS990/Form990PartVIISectionAGrp/PersonNm2Matthew Holbrook
IRS990/Form990PartVIISectionAGrp/PersonNm3Jason Straetz
IRS990/Form990PartVIISectionAGrp/PersonNm4Joe Gray
IRS990/Form990PartVIISectionAGrp/PersonNm5Eileen Griffin
IRS990/Form990PartVIISectionAGrp/PersonNm6Tyler Hobbs
IRS990/Form990PartVIISectionAGrp/PersonNm7Jeanine LeFevre
IRS990/Form990PartVIISectionAGrp/PersonNm8Nelson Megna
IRS990/Form990PartVIISectionAGrp/PersonNm9Janice McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael McGovern
IRS990/Form990PartVIISectionAGrp/PersonNm11Susan Pelletier
IRS990/Form990PartVIISectionAGrp/PersonNm12Victoria Powers
IRS990/Form990PartVIISectionAGrp/PersonNm13Bill Shanahan
IRS990/Form990PartVIISectionAGrp/PersonNm14Annie Wells
IRS990/Form990PartVIISectionAGrp/PersonNm15Denise M Vachon
IRS990/Form990PartVIISectionAGrp/PersonNm16Lisa Noonan
IRS990/Form990PartVIISectionAGrp/PersonNm17Lorri 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/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15165983
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt16123557
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt17120296
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/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
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/TitleTxt8Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13Past Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16COO
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01881
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt08000
IRS990/GainOrLossGrp/SecuritiesAmt0285621
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt08000
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03756688
IRS990/GrossReceiptsAmt010841915
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt084765
IRS990/InformationTechnologyGrp/TotalAmt084765
IRS990/InsuranceGrp/ManagementAndGeneralAmt09807
IRS990/InsuranceGrp/TotalAmt09807
IRS990/InterestGrp/ProgramServicesAmt01131488
IRS990/InterestGrp/TotalAmt01131488
IRS990/InvestmentIncomeGrp/ExclusionAmt0137668
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0137668
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05398317
IRS990/InvestmentsPubTradedSecGrp/EOYAmt03665813
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt015
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt013318120
IRS990/LandBldgEquipBasisNetGrp/BOYAmt033061836
IRS990/LandBldgEquipBasisNetGrp/EOYAmt031723696
IRS990/LandBldgEquipCostOrOtherBssAmt045041816
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03471067
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/BOYAmt0818541
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0807131
IRS990/NetAssetsOrFundBalancesBOYAmt010045948
IRS990/NetAssetsOrFundBalancesEOYAmt09194582
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0293621
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0293621
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-70436
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0873578
IRS990/OccupancyGrp/TotalAmt0873578
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0128034
IRS990/OfficeExpensesGrp/ProgramServicesAmt048673
IRS990/OfficeExpensesGrp/TotalAmt0176707
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt021003
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0316328
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0337331
IRS990/OtherExpensesGrp/Desc0Food Service Expenses
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Service Provider Tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt050346
IRS990/OtherExpensesGrp/ProgramServicesAmt0474758
IRS990/OtherExpensesGrp/ProgramServicesAmt1152
IRS990/OtherExpensesGrp/ProgramServicesAmt236489
IRS990/OtherExpensesGrp/TotalAmt0474758
IRS990/OtherExpensesGrp/TotalAmt150498
IRS990/OtherExpensesGrp/TotalAmt236489
IRS990/OtherLiabilitiesGrp/BOYAmt0319011
IRS990/OtherLiabilitiesGrp/EOYAmt0283598
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0375629
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01886890
IRS990/OtherSalariesAndWagesGrp/TotalAmt02262519
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt055116
IRS990/PayrollTaxesGrp/ProgramServicesAmt0136809
IRS990/PayrollTaxesGrp/TotalAmt0191925
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt015728
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt079005
IRS990/PensionPlanContributionsGrp/TotalAmt094733
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0935051
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0935051
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04050
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt014600
IRS990/PrincipalOfficerNm0Denise Vachon
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0623990
IRS990/ProgramServiceRevenueGrp/BusinessCd1623990
IRS990/ProgramServiceRevenueGrp/BusinessCd2623990
IRS990/ProgramServiceRevenueGrp/BusinessCd3623990
IRS990/ProgramServiceRevenueGrp/BusinessCd4623990
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Meal Income
IRS990/ProgramServiceRevenueGrp/Desc2Other Income
IRS990/ProgramServiceRevenueGrp/Desc3Parking Income
IRS990/ProgramServiceRevenueGrp/Desc4Contractual Adjustment
IRS990/ProgramServiceRevenueGrp/ExclusionAmt06509
IRS990/ProgramServiceRevenueGrp/ExclusionAmt118662
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06964150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1449657
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt245803
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-556623
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06964150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1456166
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt245803
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt318662
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4-556623
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 $556,622.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt03640755
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01838266
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/ExpenseAmt0515146
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01239457
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08991
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0470800
IRS990/PYOtherExpensesAmt04916424
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt07347789
IRS990/PYRevenuesLessExpensesAmt0-285725
IRS990/PYSalariesCompEmpBnftPaidAmt03196881
IRS990/PYTotalExpensesAmt08113305
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07827580
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-780930
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03850435
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01438292
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03180514
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt011401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt08991

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
2019Detailed filing. Detailed filing data is available for this year.$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

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