Civic Intelligence

Hermon Elderly Project

990 • Fiscal year 2020 • EIN 01-0367846

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

98th percentile

7.57x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

10th percentile

-38%

Higher net margin than 10% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

19th percentile

-4.9%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

57th percentile

3.0%

Faster revenue growth than 57% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$935,221

Down $48,682 (-4.9%) from 2019

Net Assets

Down

-$212,188

Down $57,173 (-37%) from 2019

Liabilities

Up

$1,147,409

Up $8,491 (+0.7%) from 2019

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Up

$151,490

Up $4,404 (+3.0%) from 2019

Expenses

Up

$208,663

Up $7,251 (+3.6%) from 2019

Net Income

Down

-$57,173

Down $2,847 (-5.2%) from 2019

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

2020

Assets$935,221
Liabilities$1,147,409
Net Assets-$212,188
Open 2020 Filing

Operations Trend

Revenue Growth57th 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

2020

Revenue$151,490
Expenses$208,663
Net Income-$57,173
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.0
Gross Receipts
$151,490
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$829,654$774,808▼ $54,846
Savings and Temporary Cash Investments$148,674$152,032▲ $3,358
Prepaid Expenses and Deferred Charges$2,310$3,427▲ $1,117
Cash and Non-Interest-Bearing Accounts$1,055$3,231▲ $2,176
Intangible Assets$1,772$1,723▼ $49
Accounts Receivable$438--
Total Assets$983,903$935,221▼ $48,682
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,069,116$1,064,360▼ $4,756
Other Liabilities$63,957$73,457▲ $9,500
Accounts Payable and Accrued Expenses$5,845$9,592▲ $3,747
Total Liabilities$1,138,918$1,147,409▲ $8,491
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-155,015$-212,188▼ $57,173
Total Net Assets Fund Balance$-155,015$-212,188▼ $57,173
Total Liabilities and Net Assets / Fund Balance$983,903$935,221▼ $48,682

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$727,308$1,094,499$1,821,807
Land$47,500-$47,500
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Danny CliffPresident
Doug SmithDirector
Jeff ByersDirector
John SnyerDirector
Ruth PlourdeDirector
Sharon NickersonDirector
Tim SchoppeDirector
Dale PorterSecretary
Kristine SelleckVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$148,166
Investment Income
$201
Other Revenue
$3,123
Change in Net Assets
$-57,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$151,490
Total Revenue per Audited Statements
$151,490
Total Revenue per Form 990
$151,490
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$208,663
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$69,117$600-$69,717
Depreciation Depletion$59,170--$59,170
Interest$34,858--$34,858
Fees for Services Management$15,070$5,023-$20,093
Insurance$7,964--$7,964
Fees for Services Accounting-$5,500-$5,500
Office Expenses$253--$253
Other Expenses$108--$108
Total Functional Expenses$197,540$11,123$0$208,663

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$208,663
Total Expenses per Audited Statements$208,663
Total Expenses per Form 990$208,663
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$58,129
Security Deposit Reserve$9,828
Accrued Property Taxes$5,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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 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
Danny Cliff
Title
President
Phone
2079902099
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Danny Cliff
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 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. Any interest or penalties assessed to the organization are recorded as operating expenses. For the years ended december 31, 2020 and 2019, there were no interest or penalties recorded in the accompanying financial statements.”

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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/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt03325
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01908
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0139287
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0154062
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt047500
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0727308
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01094499
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01821807
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST EXPENSE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED PROPERTY TAXES
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalExpensesPerForm990Amt0208663
IRS990ScheduleD/TotalLiabilityAmt073457
IRS990ScheduleD/TotalRevenuePerForm990Amt0151490
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0151490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0208663
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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 AND MANAGEMENT AGENT 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
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0935221
IRS990/TotalAssetsGrp/BOYAmt0983903
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0197540
IRS990/TotalFunctionalExpensesGrp/TotalAmt0208663
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01138918
IRS990/TotalLiabilitiesEOYAmt01147409
IRS990/TotalLiabilitiesGrp/BOYAmt01138918
IRS990/TotalLiabilitiesGrp/EOYAmt01147409
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-155015
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-212188
IRS990/TotalProgramServiceExpensesAmt0197540
IRS990/TotalProgramServiceRevenueAmt0148166
IRS990/TotalRevenueGrp/ExclusionAmt03324
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0148166
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0151490
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0983903
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0797 BLACK STREAM ROAD
IRS990/USAddress/CityNm0BANGOR
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd004401
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DANNY CLIFF
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02079902099
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERMON ELDERLY PROJECT
ReturnHeader/Filer/BusinessNameControlTxt0HERM
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ReturnHeader/Filer/PhoneNum02079902099
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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/PreparationDt02021-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL P JONES CPA
ReturnHeader/ReturnTs02021-11-15T12:55:48-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CLIFF
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$935,221
Liabilities
$1,147,409
Net assets
-$212,188
Revenue
$151,490
Expenses
$208,663
Net income
-$57,173
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