Civic Intelligence

Hermon Elderly Project

990 • Fiscal year 2015 • EIN 01-0367846

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 02, 2016

Organization Profile
4 Union Street Box 9Bangor, ME 04401

(207) 990-2099

Siviq Scores

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

Liabilities / Assets

91st percentile

0.92x

Higher debt load relative to assets than 91% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

4.56x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

13th percentile

-21%

Higher net margin than 13% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

29th percentile

-3.9%

Faster asset growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

38th percentile

-1.6%

Faster revenue growth than 38% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$661,973

Down $26,591 (-3.9%) from 2014

Net Assets

Down

$54,026

Down $28,461 (-35%) from 2014

Liabilities

Up

$607,947

Up $1,870 (+0.3%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin13th percentile

Revenue

Down

$133,340

Down $2,201 (-1.6%) from 2014

Expenses

Up

$161,801

Up $5,842 (+3.7%) from 2014

Net Income

Down

-$28,461

Down $8,043 (-39%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $718,464Liabilities 2010: $592,580Net Assets 2010: $125,8842010Assets 2011: $723,745Liabilities 2011: $593,362Net Assets 2011: $130,3832011Assets 2012: $723,008Liabilities 2012: $599,404Net Assets 2012: $123,6042012Assets 2013: $722,056Liabilities 2013: $607,397Net Assets 2013: $114,6592013Assets 2014: $688,564Liabilities 2014: $606,077Net Assets 2014: $82,4872014Assets 2015: $661,973Liabilities 2015: $607,947Net Assets 2015: $54,0262015Assets 2016: $1,144,553Liabilities 2016: $1,122,047Net Assets 2016: $22,5062016Assets 2017: $1,087,641Liabilities 2017: $1,126,123Net Assets 2017: -$38,4822017Assets 2018: $1,033,427Liabilities 2018: $1,134,116Net Assets 2018: -$100,6892018Assets 2019: $983,903Liabilities 2019: $1,138,918Net Assets 2019: -$155,0152019Assets 2020: $935,221Liabilities 2020: $1,147,409Net Assets 2020: -$212,1882020Assets 2021: $883,615Liabilities 2021: $1,147,862Net Assets 2021: -$264,2472021Assets 2022: $840,778Liabilities 2022: $1,151,032Net Assets 2022: -$310,2542022Assets 2023: $785,942Liabilities 2023: $1,155,193Net Assets 2023: -$369,2512023Assets 2024: $750,911Liabilities 2024: $1,156,764Net Assets 2024: -$405,8532024

Highlighted filing

2015

Assets$661,973
Liabilities$607,947
Net Assets$54,026
Open 2015 Filing

Operations Trend

Revenue Growth38th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $187,9032010Expenses 2011: $186,5012011Revenue 2012: $188,756Expenses 2012: $195,535Net Income 2012: -$6,7792012Revenue 2013: $195,110Expenses 2013: $204,055Net Income 2013: -$8,9452013Revenue 2014: $135,541Expenses 2014: $155,959Net Income 2014: -$20,4182014Revenue 2015: $133,340Expenses 2015: $161,801Net Income 2015: -$28,4612015Revenue 2016: $156,093Expenses 2016: $187,613Net Income 2016: -$31,5202016Revenue 2017: $142,883Expenses 2017: $203,871Net Income 2017: -$60,9882017Revenue 2018: $143,138Expenses 2018: $205,345Net Income 2018: -$62,2072018Revenue 2019: $147,086Expenses 2019: $201,412Net Income 2019: -$54,3262019Revenue 2020: $151,490Expenses 2020: $208,663Net Income 2020: -$57,1732020Revenue 2021: $158,155Expenses 2021: $210,214Net Income 2021: -$52,0592021Revenue 2022: $164,208Expenses 2022: $210,215Net Income 2022: -$46,0072022Revenue 2023: $167,890Expenses 2023: $226,887Net Income 2023: -$58,9972023Revenue 2024: $171,162Expenses 2024: $207,764Net Income 2024: -$36,6022024

Highlighted filing

2015

Revenue$133,340
Expenses$161,801
Net Income-$28,461
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 2, 2016
Return Version
2015v2.1
Gross Receipts
$133,340
Mission and Program Overview

Mission

To provide subsidized and low cost housing units to the elderly and poor in the greater bangor, maine area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$603,440$629,784▲ $26,344
Savings and Temporary Cash Investments$76,671$28,523▼ $48,148
Intangible Assets-$1,969-
Cash and Non-Interest-Bearing Accounts$2,702$1,378▼ $1,324
Prepaid Expenses and Deferred Charges$5,751$319▼ $5,432
Total Assets$688,564$661,973▼ $26,591
Liabilities
Mortgage Notes Payable Secured by Investment Property$583,138$576,875▼ $6,263
Other Liabilities$14,846$18,580▲ $3,734
Accounts Payable and Accrued Expenses$8,093$12,492▲ $4,399
Total Liabilities$606,077$607,947▲ $1,870
Net Assets / Fund Balance
Unrestricted Net Assets$82,487$54,026▼ $28,461
Total Net Assets Fund Balance$82,487$54,026▼ $28,461
Total Liabilities and Net Assets / Fund Balance$688,564$661,973▼ $26,591

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$582,284$809,284$1,391,568
Land$47,500-$47,500
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ruth PlourdePresident
Danny CliffDirector
Elsie CoffeeDirector
Frank ConnollyDirector
Harold StewartDirector
Sally ThompsonDirector
Tim SchoppeDirector
Dana JewellSecretary/tr
Lee CliffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$131,014
Investment Income
$28
Other Revenue
$2,298
Change in Net Assets
$-28,461

Audited Revenue Reconciliation

Revenue per Audited Statements
$133,340
Total Revenue per Audited Statements
$133,340
Total Revenue per Form 990
$133,340
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$161,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$62,295--$62,295
Depreciation Depletion$36,062--$36,062
Interest$22,025--$22,025
Fees for Services Management$17,360--$17,360
Other Expenses$11,000--$11,000
Insurance$7,643--$7,643
Fees for Services Accounting$5,125--$5,125
Office Expenses$291--$291
Total Functional Expenses$161,801$0$0$161,801

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$161,801
Total Expenses per Audited Statements$161,801
Total Expenses per Form 990$161,801
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit Reserve$9,100
Accrued Property Taxes$5,500
Accrued Interest Expense$3,980
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management duties are performed by an outside unrelated property management company.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the return is given to the president for review and signature before being electronically filed.”

Form 990, Page 6, Part VI, Line 19

“Available upon request from management.”

Filing and Contact Details

Filer

Filer Name
Hermon Elderly Project
EIN
01-0367846
Phone
2079902099
Address
4 UNION STREET BOX 9, BANGOR, ME 04401
Doing Business As
Boulier Place Apartments

Signing Officer

Name
Ruth Plourde
Title
President
Phone
2079902099
Signed
2016-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ruth Plourde
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Bbsc Cpas
Address
38 PARKWAY SOUTH, BREWER, ME 04412-1628
Preparer
Michael P Jones CPA
Phone
2079418890
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“Income taxes and uncertain tax positions the organization is a not for profit corporation recognized by the internal revenue service under section 501(c)(3) of the code. Accordingly, no tax liability or expense has been recorded. The organization's income tax filings are subject to audit by various taxing authorities. The organization's open audit periods are 2012 - 2015. Any interest or penalties assessed to the organization are recorded as operating expenses. For the years ended december 31, 2015 and 2014, there were no interest or penalties recorded in the accompanying financial statements. In evaluating the organization's tax provisions and accruals, future taxable income, and the reversal of temporary differences, interpretations, and tax planning strategies are considered. Management believes their estimates are appropriate based on current facts and circumstances.”

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

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0133215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0192950
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186752
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0189423
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0833354
IRS990ScheduleA/TotalSupportAmt0843747
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0161801
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt047500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0582284
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0809284
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01391568
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23980
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST EXPENSE
IRS990ScheduleD/RevenueSubtotalAmt0133340
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME TAXES AND UNCERTAIN TAX POSITIONS THE ORGANIZATION IS A NOT FOR PROFIT CORPORATION RECOGNIZED BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE CODE. ACCORDINGLY, NO TAX LIABILITY OR EXPENSE HAS BEEN RECORDED. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. THE ORGANIZATION'S OPEN AUDIT PERIODS ARE 2012 - 2015. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED AS OPERATING EXPENSES. FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, THERE WERE NO INTEREST OR PENALTIES RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN EVALUATING THE ORGANIZATION'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, AND THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS, AND TAX PLANNING STRATEGIES ARE CONSIDERED. MANAGEMENT BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0629784
IRS990ScheduleD/TotalExpensesPerForm990Amt0161801
IRS990ScheduleD/TotalLiabilityAmt018580
IRS990ScheduleD/TotalRevenuePerForm990Amt0133340
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0133340
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0161801
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT DUTIES ARE PERFORMED BY AN OUTSIDE UNRELATED PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE RETURN IS GIVEN TO THE PRESIDENT FOR REVIEW AND SIGNATURE BEFORE BEING ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST FROM MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0688564
IRS990/TotalAssetsEOYAmt0661973
IRS990/TotalAssetsGrp/BOYAmt0688564
IRS990/TotalAssetsGrp/EOYAmt0661973
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0161801
IRS990/TotalFunctionalExpensesGrp/TotalAmt0161801
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0606077
IRS990/TotalLiabilitiesEOYAmt0607947
IRS990/TotalLiabilitiesGrp/BOYAmt0606077
IRS990/TotalLiabilitiesGrp/EOYAmt0607947
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt082487
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt054026
IRS990/TotalProgramServiceExpensesAmt0161801
IRS990/TotalProgramServiceRevenueAmt0131014
IRS990/TotalRevenueGrp/ExclusionAmt02326
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0131014
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0133340
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0688564
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0661973
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt082487
IRS990/UnrestrictedNetAssetsGrp/EOYAmt054026
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt057 BILLINGS ROAD
IRS990/USAddress/CityNm0HERMON
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004401
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RUTH PLOURDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02079902099
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERMON ELDERLY PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0HERM
ReturnHeader/Filer/EIN0010367846
ReturnHeader/Filer/PhoneNum02079902099
ReturnHeader/Filer/USAddress/AddressLine1Txt04 UNION STREET BOX 9
ReturnHeader/Filer/USAddress/CityNm0BANGOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004401
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043389217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BBSC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt038 PARKWAY SOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BREWER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0044121628
ReturnHeader/PreparerPersonGrp/PhoneNum02079418890
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL P JONES CPA
ReturnHeader/ReturnTs02016-11-04T11:37:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$661,973
Liabilities
$607,947
Net assets
$54,026
Revenue
$133,340
Expenses
$161,801
Net income
-$28,461
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.75$1.16$0.41$0.17$0.21$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.79$1.16$0.37$0.17$0.23$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.84$1.15$0.31$0.16$0.21$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.88$1.15$0.26$0.16$0.21$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.94$1.15$0.21$0.15$0.21$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.98$1.14$0.16$0.15$0.20$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.03$1.13$0.10$0.14$0.21$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.09$1.13$0.04$0.14$0.20$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.14$1.12$0.02$0.16$0.19$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.61$0.05$0.13$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.69$0.61$0.08$0.14$0.16$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.72$0.61$0.11$0.20$0.20$0.01
2012Summary only. Only limited summary data is available for this year.$0.72$0.60$0.12$0.19$0.20$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.59$0.13$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.59$0.13$0.19