Civic Intelligence

Hermon Elderly Project

990 • Fiscal year 2017 • EIN 01-0367846

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 31, 2018

Organization Profile
4 Union Plaza 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

92nd percentile

1.04x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

7.88x

Higher debt load relative to revenue than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

19th percentile

-5.0%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-8.5%

Faster revenue growth than 22% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$1,087,641

Down $56,912 (-5.0%) from 2016

Net Assets

Down

-$38,482

Down $60,988 (-271%) from 2016

Liabilities

Up

$1,126,123

Up $4,076 (+0.4%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin7th percentile

Revenue

Down

$142,883

Down $13,210 (-8.5%) from 2016

Expenses

Up

$203,871

Up $16,258 (+8.7%) from 2016

Net Income

Down

-$60,988

Down $29,468 (-93%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2017

Assets$1,087,641
Liabilities$1,126,123
Net Assets-$38,482
Open 2017 Filing

Operations Trend

Revenue Growth22nd 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

2017

Revenue$142,883
Expenses$203,871
Net Income-$60,988
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 31, 2018
Return Version
2017v2.3
Gross Receipts
$142,883
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$1,005,899$947,111▼ $58,788
Savings and Temporary Cash Investments$134,457$136,514▲ $2,057
Prepaid Expenses and Deferred Charges$2,091$2,087▼ $4
Intangible Assets$1,920$1,871▼ $49
Accounts Receivable$186--
Cash and Non-Interest-Bearing Accounts-$58-
Total Assets$1,144,553$1,087,641▼ $56,912
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,082,490$1,078,177▼ $4,313
Other Liabilities$30,529$42,349▲ $11,820
Accounts Payable and Accrued Expenses$9,028$5,597▼ $3,431
Total Liabilities$1,122,047$1,126,123▲ $4,076
Net Assets / Fund Balance
Unrestricted Net Assets$22,506$-38,482▼ $60,988
Total Net Assets Fund Balance$22,506$-38,482▼ $60,988
Total Liabilities and Net Assets / Fund Balance$1,144,553$1,087,641▼ $56,912

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$899,611$919,061$1,818,672
Land$47,500-$47,500
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Laurie BridgePresident
Dale PorterDirector
Danny CliffDirector
Kristine SelleckDirector
Pastor Garnet ChuteDirector
Ruth PlourdeDirector
Tim SchoppeDirector
Harold StewartSecretary
Lee CliffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$139,287
Investment Income
$271
Other Revenue
$3,325
Change in Net Assets
$-60,988

Audited Revenue Reconciliation

Revenue per Audited Statements
$142,883
Total Revenue per Audited Statements
$142,883
Total Revenue per Form 990
$142,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,871
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$63,408--$63,408
Depreciation Depletion$61,552--$61,552
Interest$36,454--$36,454
Fees for Services Management$18,135--$18,135
Other Expenses$11,000--$11,000
Insurance$7,325--$7,325
Fees for Services Accounting$5,275--$5,275
Office Expenses$722--$722
Total Functional Expenses$203,871$0$0$203,871

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$203,871
Total Expenses per Audited Statements$203,871
Total Expenses per Form 990$203,871
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
Accrued Interest Expense$27,538
Security Deposit Reserve$9,311
Accrued Property Taxes$5,500
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 2

“Danny cliff lee cliff director vice pres brother”

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 and management agent 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 PLAZA BOX 9, BANGOR, ME 04401
Doing Business As
Boulier Place Apartments

Signing Officer

Name
Laurie Bridge
Title
President
Phone
2079902099
Signed
2018-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Bridge
Formed
1983
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 2014 - 2017. Any interest or penalties assessed to the organization are recorded as operating expenses. For the years ended december 31, 2017 and 2016, 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.”

Raw XML Appendix375 raw XML fields

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/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02114
IRS990ScheduleA/OtherIncome170Grp/TotalAmt011930
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.98660
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0131014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0133215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0192950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0739102
IRS990ScheduleA/TotalSupportAmt0751541
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0203871
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt047500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0899611
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0919061
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01818672
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19311
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PROPERTY TAXES
IRS990ScheduleD/RevenueSubtotalAmt0142883
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0947111
IRS990ScheduleD/TotalExpensesPerForm990Amt0203871
IRS990ScheduleD/TotalLiabilityAmt042349
IRS990ScheduleD/TotalRevenuePerForm990Amt0142883
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0142883
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IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DANNY CLIFF LEE CLIFF DIRECTOR VICE PRES BROTHER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT DUTIES ARE PERFORMED BY AN OUTSIDE UNRELATED PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE RETURN IS GIVEN TO THE PRESIDENT AND MANAGEMENT AGENT FOR REVIEW AND SIGNATURE BEFORE BEING ELECTRONICALLY FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST FROM MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01087641
IRS990/TotalAssetsGrp/BOYAmt01144553
IRS990/TotalAssetsGrp/EOYAmt01087641
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0203871
IRS990/TotalFunctionalExpensesGrp/TotalAmt0203871
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01122047
IRS990/TotalLiabilitiesEOYAmt01126123
IRS990/TotalLiabilitiesGrp/BOYAmt01122047
IRS990/TotalLiabilitiesGrp/EOYAmt01126123
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022506
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-38482
IRS990/TotalProgramServiceExpensesAmt0203871
IRS990/TotalProgramServiceRevenueAmt0139287
IRS990/TotalRevenueGrp/ExclusionAmt03596
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0139287
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0142883
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01144553
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01087641
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt022506
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-38482
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0266 SWAN ROAD
IRS990/USAddress/CityNm0HERMON
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004401
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURIE BRIDGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02079902099
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERMON ELDERLY PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0HERM
ReturnHeader/Filer/EIN0010367846
ReturnHeader/Filer/PhoneNum02079902099
ReturnHeader/Filer/USAddress/AddressLine1Txt04 UNION PLAZA BOX 9
ReturnHeader/Filer/USAddress/CityNm0BANGOR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D222FC9E62A7D2120ECA42C97CCA8EC5662CEDB2
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DB0FBEEF7EEEA80663D85D339B0F12A6D73025F3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02018-11-01
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm008:58:57
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/PreparationDt02018-11-01
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL P JONES CPA
ReturnHeader/ReturnTs02018-11-01T09:58:57-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,087,641
Liabilities
$1,126,123
Net assets
-$38,482
Revenue
$142,883
Expenses
$203,871
Net income
-$60,988
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