Form 990, Part VI, Line 11B
“Treasurer reviews return prior to submission.”
Scores are not available for this record yet.
Assets
Flat$5,095,604
Flat from 2021
Net Assets
Flat$245,846
Flat from 2021
Liabilities
Flat$4,849,758
Flat from 2021
Revenue
Flat$780,056
Flat from 2021
Expenses
Flat$983,018
Flat from 2021
Net Income
Flat-$202,962
Flat from 2021
Subsidized low income housing
Calais Methodist Homes Inc is an independant living community for retiring seniors.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,944,920 | $3,803,134 | ▼ $141,786 |
| Savings and Temporary Cash Investments | $1,127,114 | $1,234,319 | ▲ $107,205 |
| Cash and Non-Interest-Bearing Accounts | $85,744 | $25,636 | ▼ $60,108 |
| Inventories for Sale or Use | $17,639 | $17,639 | → $0 |
| Prepaid Expenses and Deferred Charges | $13,314 | $13,314 | → $0 |
| Accounts Receivable | - | $1,562 | - |
| Total Assets | $5,237,345 | $5,095,604 | ▼ $141,741 |
| Other Assets Total | $48,614 | - | - |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $4,564,180 | $4,564,180 | → $0 |
| Deferred Revenue | $187,129 | $236,149 | ▲ $49,020 |
| Escrow Account Liability | $42,862 | $44,172 | ▲ $1,310 |
| Accounts Payable and Accrued Expenses | $12,570 | $5,257 | ▼ $7,313 |
| Total Liabilities | $4,806,741 | $4,849,758 | ▲ $43,017 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $430,604 | $245,846 | ▼ $184,758 |
| Total Net Assets Fund Balance | $430,604 | $245,846 | ▼ $184,758 |
| Total Liabilities and Net Assets / Fund Balance | $5,237,345 | $5,095,604 | ▼ $141,741 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,567,826 | $3,054,441 | $6,622,267 |
| Equipment | $114,275 | $121,195 | $235,470 |
| Land | $121,033 | - | $121,033 |
| Name | Title |
|---|---|
| Ken Thomas | Chairman, Treasurer |
| David Beckett | Vice Chair |
| David Daggett | Adminstrator |
| Brenda Donaghy | Manager |
| Brian Mays | Member |
| Darren Constant | Member |
| Dayton Dineen | Member |
| Erica Marshall | Member |
| Helen Taylor | Member |
| Wayne Sammer | Member |
| Heather Ross | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $983,018 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $186,784 | $188,587 | - | $375,371 |
| Occupancy | $208,302 | - | - | $208,302 |
| Depreciation Depletion | $201,015 | - | - | $201,015 |
| Interest | $48,858 | - | - | $48,858 |
| Other Expenses | $33,146 | - | - | $33,146 |
| Insurance | $6,190 | $7,284 | - | $13,474 |
| Fees for Services Accounting | - | $7,800 | - | $7,800 |
| Office Expenses | - | $5,705 | - | $5,705 |
| All Other Expenses | - | $2,700 | - | $2,700 |
| Fees for Services Legal | - | $1,143 | - | $1,143 |
| Advertising | $500 | - | - | $500 |
| Total Functional Expenses | $769,799 | $213,219 | $0 | $983,018 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $983,018 |
| Total Expenses per Audited Statements | $983,018 |
| Total Expenses per Form 990 | $983,018 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Federal income taxes | - |
“Treasurer reviews return prior to submission.”
“The Board of Directors determines the salary for the administrator based on an annual review. The Board of Directors approves all hourly wages paid based on the recommendation of the administrator.”
“Certain documents available upon request.”
“Board of Directors takes responsiblity for the audit and selection of the independent accountant.”
“Tenant Security Deposits are held in an escrow account from the time of moving in until the date of moving out.”
“The Corporation is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the year ended December 31, 2021. Accordingly, no provision for income taxes has been made. The Corporation files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Corporation is generally no longer subject to examination by the Internal Revenue Service for years before 2018.”
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/PYProgramServiceRevenueAmt | 0 | 525792 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -158119 |
| IRS990/PYTotalExpensesAmt | 0 | 942368 |
| IRS990/PYTotalRevenueAmt | 0 | 784249 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -202962 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 527015 |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 1127114 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 1234319 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 229326 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 233204 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 241883 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 712571 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 725610 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 2142594 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 23715 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 22743 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 26891 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 13786 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 4265 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 91400 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 1991624 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 5117 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2510 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44381 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 37663 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 134613 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 224284 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.87160 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.87130 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2142594 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 229326 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 233204 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 241883 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 712571 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 725610 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2142594 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 2458278 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/AgentTrusteeEtcInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3567826 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 3054441 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 6622267 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 114275 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 121195 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 235470 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 983018 |
| IRS990ScheduleD/ExplanationProvidedInd | 0 | X |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InclEscrowCustodialAcctLiabInd | 0 | true |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 121033 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 121033 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Federal income taxes |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Financial derivatives and other financial products |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Closely-held equity interests |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 780056 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Tenant Security Deposits are held in an escrow account from the time of moving in until the date of moving out. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | The Corporation is exempt from federal income taxes under Section 501c3 of the Internal Revenue Code and applicable state law. The accounting standards on accounting for uncertainty in income taxes address the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, the Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation and various positions related to the potential sources of unrelated business taxable income. The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50 likelihood of being realized upon ultimate settlement. Management believes that there were no potential sources of unrelated business taxable income subject to tax for the year ended December 31, 2021. Accordingly, no provision for income taxes has been made. The Corporation files its forms 990 in the U.S. federal jurisdiction and the office of the states attorney general for the State of Maine. The Corporation is generally no longer subject to examination by the Internal Revenue Service for years before 2018. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | IV 2b |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | X 2 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3803134 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 983018 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 780056 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 780056 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 983018 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Treasurer reviews return prior to submission. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | The Board of Directors determines the salary for the administrator based on an annual review. The Board of Directors approves all hourly wages paid based on the recommendation of the administrator. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Certain documents available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Board of Directors takes responsiblity for the audit and selection of the independent accountant. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part XII, Line 2 |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | CMHI Property Management Inc |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 823309179 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501c3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | ME |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | Property Management |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | 509a2 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 116 Palmer Street |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | Calais |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | ME |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 04619 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | false |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | true |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | false |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | false |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | true |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.