Civic Intelligence

Home for the Aged

990 • Fiscal year 2021 • EIN 01-0211512

Jul 01, 2020 to Jun 30, 2021 • Filed on May 03, 2022

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

88th percentile

0.80x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

3.84x

Higher debt load relative to revenue than 93% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

10th percentile

-11%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

32nd percentile

$181,193

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

11th percentile

-4.3%

Faster asset growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

43rd percentile

7.9%

Faster revenue growth than 43% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Down

$36,502,674

Down $1,654,923 (-4.3%) from 2020

Net Assets

Down

$7,389,800

Down $570,639 (-7.2%) from 2020

Liabilities

Down

$29,112,874

Down $1,084,284 (-3.6%) from 2020

Revenue

Up

$7,577,034

Up $553,653 (+7.9%) from 2020

Expenses

Up

$8,389,539

Up $58,664 (+0.7%) from 2020

Net Income

Up

-$812,505

Up $494,989 (+38%) from 2020

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

2021

Assets$36,502,674
Liabilities$29,112,874
Net Assets$7,389,800

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

2021

Revenue$7,577,034
Expenses$8,389,539
Net Income-$812,505
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 3, 2022
Return Version
2020v4.2
Gross Receipts
$11,087,670
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$30,249,675$28,763,132▼ $1,486,543
Investments in Publicly Traded Securities$4,943,528$5,913,632▲ $970,104
Savings and Temporary Cash Investments$1,964,953$1,407,327▼ $557,626
Cash and Non-Interest-Bearing Accounts$872,244$324,127▼ $548,117
Accounts Receivable$123,749$78,028▼ $45,721
Prepaid Expenses and Deferred Charges$3,448$16,428▲ $12,980
Total Assets$38,157,597$36,502,674▼ $1,654,923
Liabilities
Tax Exempt Bond Liabilities$27,992,475$27,451,943▼ $540,532
Mortgage Notes Payable Secured by Investment Property$796,086$933,352▲ $137,266
Accounts Payable and Accrued Expenses$575,893$477,581▼ $98,312
Other Liabilities$832,704$249,998▼ $582,706
Total Liabilities$30,197,158$29,112,874▼ $1,084,284
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,089,714$4,350,641▼ $739,073
Net Assets With Donor Restrictions$2,870,725$3,039,159▲ $168,434
Total Net Assets Fund Balance$7,960,439$7,389,800▼ $570,639
Total Liabilities and Net Assets / Fund Balance$38,157,597$36,502,674▼ $1,654,923

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$22,732,611$15,868,016$38,600,627
Land$2,500,640-$2,500,640
Equipment$1,558,430$555,123$2,113,553
Other Land Buildings$1,971,451$104,559$2,076,010

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$5,896,584$200,004▲ $586,152$413,995$6,268,745
2020$5,889,181$152,490▲ $303,547$448,634$5,896,584
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Denise M VachonCEOFT$160,081$21,112$181,193
Lorri SommerCFOFT$119,499$17,495$136,994
Lisa NoonanPast COOFT$126,776$6,282$133,058

Board Members and Trustees

NameTitle
Matthew HolbrookPresident
Jason Straetz1st Vice President
Roberta Wright2nd Vice President
Tyler HobbsPast Trustee
Annie WellsTrustee
Eileen GriffinTrustee
Jeanine LeFevreTrustee
Joe GrayTrustee
Michael McGovernTrustee
Robert DavisTrustee
Susan PelletierTrustee
Janice McCormickSecretary
Victoria PowersTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$709,881
Program Service Revenue
$6,490,454
Investment Income
$376,699
Other Revenue
$0
All Other Contributions
$14,417
Change in Net Assets
$-812,505

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,545,418
Revenue Not Reported on Financial Statements
$31,616
Revenue Not Reported on Form 990
$241,866
Total Revenue per Audited Statements
$7,787,284
Total Revenue per Form 990
$7,577,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,807,925
Salaries, Compensation, and Employee Benefits$3,581,614
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,200,197$290,964-$2,491,161
Depreciation Depletion$1,575,114$30,179-$1,605,293
Interest$1,155,609--$1,155,609
Occupancy$818,219--$818,219
Current Officers, Directors, Trustees, and Key Employees-$451,245-$451,245
Other Employee Benefits$279,440$87,867-$367,307
Payroll Taxes$144,385$45,761-$190,146
Advertising$157,111--$157,111
Information Technology$7,190$105,817-$113,007
Office Expenses$30,904$81,642-$112,546
Fees for Services Accounting-$89,873-$89,873
Pension Plan Contributions$76,064$5,691-$81,755
Insurance$5,570$42,171-$47,741
Fees for Services Legal-$42,665-$42,665
Other Expenses$38,850$0-$38,850
Fees for Services Other$3,246$28,416-$31,662
Fees for Service Investment Mgmnt Fees-$31,616-$31,616
Conferences and Meetings$2,189$599-$2,788
Travel$1,170$450-$1,620
Total Functional Expenses$6,942,741$1,446,798$0$8,389,539

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$8,389,539
Expenses per Audited Statements$8,357,923
Total Expenses per Audited Statements$8,357,923
Expenses Not Reported on Financial Statements$31,616
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$249,998

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-$1,961,478-

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 35% controlled entity
No
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, and 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
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Denise Vachon
Formed
1881
Legal Domicile
Me
Voting Board Members
12
Independent Board Members
12
Employees
123
Volunteers
18

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Joseph R Byrne
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/PersonNm0Matthew Holbrook
IRS990/Form990PartVIISectionAGrp/PersonNm1Jason Straetz
IRS990/Form990PartVIISectionAGrp/PersonNm2Roberta Wright
IRS990/Form990PartVIISectionAGrp/PersonNm3Victoria Powers
IRS990/Form990PartVIISectionAGrp/PersonNm4Janice McCormick
IRS990/Form990PartVIISectionAGrp/PersonNm5Robert Davis
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IRS990/Form990PartVIISectionAGrp/PersonNm9Michael McGovern
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13160081
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14126776
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15119499
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/TitleTxt11st Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt22nd Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt6Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt7Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt8Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt9Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt10Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt11Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt12Past Trustee
IRS990/Form990PartVIISectionAGrp/TitleTxt13CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt14Past COO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01881
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0263365
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0695464
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt03774001
IRS990/GrossReceiptsAmt011087670
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0105817
IRS990/InformationTechnologyGrp/ProgramServicesAmt07190
IRS990/InformationTechnologyGrp/TotalAmt0113007
IRS990/InsuranceGrp/ManagementAndGeneralAmt042171
IRS990/InsuranceGrp/ProgramServicesAmt05570
IRS990/InsuranceGrp/TotalAmt047741
IRS990/InterestGrp/ProgramServicesAmt01155609
IRS990/InterestGrp/TotalAmt01155609
IRS990/InvestmentIncomeGrp/ExclusionAmt0113334
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0113334
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IRS990/InvestmentsPubTradedSecGrp/BOYAmt04943528
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05913632
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt016527698
IRS990/LandBldgEquipBasisNetGrp/BOYAmt030249675
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028763132
IRS990/LandBldgEquipCostOrOtherBssAmt045290830
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03510636
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/BOYAmt0796086
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0933352
IRS990/NetAssetsOrFundBalancesBOYAmt07960439
IRS990/NetAssetsOrFundBalancesEOYAmt07389800
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0263365
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0263365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0241866
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05089714
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04350641
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0818219
IRS990/OccupancyGrp/TotalAmt0818219
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt081642
IRS990/OfficeExpensesGrp/ProgramServicesAmt030904
IRS990/OfficeExpensesGrp/TotalAmt0112546
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt087867
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0279440
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0367307
IRS990/OtherExpensesGrp/Desc0Food Service Expenses
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Service Provider Tax
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0111842
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt0412873
IRS990/OtherExpensesGrp/ProgramServicesAmt134610
IRS990/OtherExpensesGrp/ProgramServicesAmt238850
IRS990/OtherExpensesGrp/TotalAmt0412873
IRS990/OtherExpensesGrp/TotalAmt1146452
IRS990/OtherExpensesGrp/TotalAmt238850
IRS990/OtherLiabilitiesGrp/BOYAmt0832704
IRS990/OtherLiabilitiesGrp/EOYAmt0249998
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0290964
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02200197
IRS990/OtherSalariesAndWagesGrp/TotalAmt02491161
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt045761
IRS990/PayrollTaxesGrp/ProgramServicesAmt0144385
IRS990/PayrollTaxesGrp/TotalAmt0190146
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt05691
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt076064
IRS990/PensionPlanContributionsGrp/TotalAmt081755
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03448
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016428
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/ExclusionAmt06052
IRS990/ProgramServiceRevenueGrp/ExclusionAmt122379
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06564571
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1407706
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt268403
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3-578657
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06564571
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1413758
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt290782
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3-578657
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 $578,657.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04022972
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01745351
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/ExpenseAmt0457671
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt014534
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0263865
IRS990/PYOtherExpensesAmt04894799
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt06744982
IRS990/PYRevenuesLessExpensesAmt0-1307494
IRS990/PYSalariesCompEmpBnftPaidAmt03436076
IRS990/PYTotalExpensesAmt08330875
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07023381
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-812505
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04745103
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01964953
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01407327
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0709881
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt014534
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt011401
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt08991
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt014448
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0759255
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0113334
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0125558
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0137668
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0127534
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0131698
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0635792
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt06490454
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt06744982
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt06928158
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07347789
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt05735407
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt033246790
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0113334
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0125558
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0137668
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0127534
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0131698
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0635792
IRS990ScheduleA/InvestmentIncomeCYPct00.01840
IRS990ScheduleA/InvestmentIncomePYPct00.02110
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96180
IRS990ScheduleA/PublicSupportPY509Pct00.95450
IRS990ScheduleA/PublicSupportTotal509Amt033319552
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt087257

Document Assets

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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
2021Detailed filing. Detailed filing data is available for this year.$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. 2021 filings • 501(c)3 • $25M-$50M nonprofits