Civic Intelligence

Aroostook Hospice Foundation

EIN 27-0301534 • 501(c)3 • Presque Isle, ME

Profile

The mission of the foundation is the construction of a 6-bed hospice residential facility which will provide twenty-four hour a day palliative and hospice care. The facility will have the capacity to provide approximately 1,460 to 2,190 patient days of hospice care annually. Assuming an average stay of 35 days, the facility would have the resources to accommodate 42 to 63 patients per annum at 100 percent of capacity.

PO Box 867Presque Isle, ME 04769-0722

aroostookhouseofcomfort.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.53x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

3.48x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-1.9%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

83rd percentile

40%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Down

$5,089,494

Down $157,740 (-3.0%) from 2023

Liabilities

Down

$2,694,231

Down $566,165 (-17%) from 2023

Net Assets

Up

$2,395,263

Up $408,425 (+21%) from 2023

Revenue

Up

$774,219

Up $196,148 (+34%) from 2023

Expenses

Up

$455,673

Up $31,819 (+7.5%) from 2023

Net Income

Up

$318,546

Up $164,329 (+107%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2013: $503,075Liabilities 2013: $219,484Net Assets 2013: $283,5912013Assets 2014: $924,685Liabilities 2014: $310,060Net Assets 2014: $614,6252014Assets 2015: $1,387,505Liabilities 2015: $700,653Net Assets 2015: $686,8522015Assets 2016: $2,213,264Liabilities 2016: $1,289,119Net Assets 2016: $924,1452016Assets 2017: $4,108,603Liabilities 2017: $3,011,283Net Assets 2017: $1,097,3202017Assets 2018: $3,942,581Liabilities 2018: $3,280,378Net Assets 2018: $662,2032018Assets 2019: $3,964,948Liabilities 2019: $3,105,814Net Assets 2019: $859,1342019Assets 2020: $4,208,501Liabilities 2020: $2,733,838Net Assets 2020: $1,474,6632020Assets 2021: $4,298,814Liabilities 2021: $2,548,754Net Assets 2021: $1,750,0602021Assets 2022: $5,293,460Liabilities 2022: $3,584,978Net Assets 2022: $1,708,4822022Assets 2023: $5,247,234Liabilities 2023: $3,260,396Net Assets 2023: $1,986,8382023Assets 2024: $5,089,494Liabilities 2024: $2,694,231Net Assets 2024: $2,395,2632024

Highlighted filing

2024

Assets$5,089,494
Liabilities$2,694,231
Net Assets$2,395,263

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $286,911Expenses 2013: $53,049Net Income 2013: $233,8622013Revenue 2014: $336,474Expenses 2014: $11,600Net Income 2014: $324,8742014Revenue 2015: $211,817Expenses 2015: $56,528Net Income 2015: $155,2892015Revenue 2016: $280,158Expenses 2016: $57,258Net Income 2016: $222,9002016Revenue 2017: $178,456Expenses 2017: $54,236Net Income 2017: $124,2202017Revenue 2018: $406,363Expenses 2018: $841,480Net Income 2018: -$435,1172018Revenue 2019: $290,833Expenses 2019: $303,147Net Income 2019: -$12,3142019Revenue 2020: $706,811Expenses 2020: $292,313Net Income 2020: $414,4982020Revenue 2021: $500,802Expenses 2021: $290,523Net Income 2021: $210,2792021Revenue 2022: $392,691Expenses 2022: $292,529Net Income 2022: $100,1622022Revenue 2023: $578,071Expenses 2023: $423,854Net Income 2023: $154,2172023Revenue 2024: $774,219Expenses 2024: $455,673Net Income 2024: $318,5462024

Highlighted filing

2024

Revenue$774,219
Expenses$455,673
Net Income$318,546

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 16, 2025
Return Version
2024v5.0
Gross Receipts
$814,327
Mission and Program Overview

Mission

The mission of the foundation is the construction of a 6-bed hospice residential facility which will provide twenty-four hour a day palliative and hospice care. The facility will have the capacity to provide approximately 1,460 to 2,190 patient days of hospice care annually. Assuming an average stay of 35 days, the facility would have the resources to accommodate 42 to 63 patients per annum at 100 percent of capacity.

Maintenance and support of a 6 bed hospice residential facility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,873,852$2,814,676▼ $59,176
Rtn Earn Endowment Incm Other Fnds$1,986,838$2,395,263▲ $408,425
Investments in Publicly Traded Securities$1,253,065$1,696,936▲ $443,871
Savings and Temporary Cash Investments$138,768$138,768→ $0
Cash and Non-Interest-Bearing Accounts$91,668$44,069▼ $47,599
Inventories for Sale or Use$10,435$10,435→ $0
Pledges and Grants Receivable$3,000--
Total Assets$5,247,234$5,089,494▼ $157,740
Other Assets Total$876,446$384,610▼ $491,836
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,383,937$2,307,177▼ $76,760
Other Liabilities$876,446$384,610▼ $491,836
Accounts Payable and Accrued Expenses$13$2,444▲ $2,431
Total Liabilities$3,260,396$2,694,231▼ $566,165
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,986,838$2,395,263▲ $408,425
Total Liabilities and Net Assets / Fund Balance$5,247,234$5,089,494▼ $157,740

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,575,814$506,324$3,082,138
Land$167,386-$167,386
Other Land Buildings$71,476$90,153$161,629
Other Assets Org$384,610--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$944,153$244,670▲ $110,271-$1,291,208
2023$776,206$4,090▲ $163,857-$944,153
2022$851,213$39,343▼ $114,350-$776,206
2021$412,320$368,726▲ $70,167-$851,213
2020$116,043$255,606▲ $40,671-$412,320
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Abbey ClairExecutive DiFT$66,170$66,170

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$453,291
Program Service Revenue
$178,662
Investment Income
$54,693
Other Revenue
$87,573
All Other Contributions
$426,477
Change in Net Assets
$318,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$766,333
Revenue Not Reported on Financial Statements
$7,886
Revenue Not Reported on Form 990
$89,878
Total Revenue per Audited Statements
$856,211
Total Revenue per Form 990
$774,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$374,635
Salaries, Compensation, and Employee Benefits$81,038
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$89,053--$89,053
Interest$77,339--$77,339
Other Salaries and Wages-$66,171-$66,171
Occupancy$51,767--$51,767
All Other Expenses$15,512--$15,512
Insurance$11,765--$11,765
Advertising-$10,072-$10,072
Fees for Service Investment Mgmnt Fees-$7,886-$7,886
Other Employee Benefits-$7,838-$7,838
Fees for Services Accounting-$7,750-$7,750
Other Expenses$7,050--$7,050
Payroll Taxes-$5,104-$5,104
Office Expenses-$3,786-$3,786
Travel$3,524--$3,524
Pension Plan Contributions-$1,925-$1,925
Fees for Services Other-$1,516-$1,516
Fees for Services Legal-$1,035-$1,035
Total Functional Expenses$342,590$113,083$0$455,673

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$455,673
Expenses per Audited Statements$447,787
Total Expenses per Audited Statements$447,787
Expenses Not Reported on Financial Statements$7,886
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$127,681
Fundraising Direct Expenses$40,108
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$90,803$73,048$24,245$48,803
Walk for Hospic$63,692$54,633$15,863$38,770
Total Events$154,495$127,681$40,108$87,573
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right of Use Liability$384,610
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Richard duncan nancy duncan director director married michael macpherson carol macpherson director director married ray hews suzanne hews director director maried

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

Reviewed and approved by officers of the board prior to filing.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Aroostook Hospice Foundation
EIN
27-0301534
Phone
2077692402
Address
PO BOX 867, PRESQUE ISLE, ME 04769-0722
Doing Business As
Aroostook House of Comfort

Signing Officer

Name
Richard M Duncan
Title
Chairman
Phone
2077692402
Signed
2025-05-16

Organization Details

Principal Officer
Richard M Duncan
Formed
2009
Legal Domicile
Me
Voting Board Members
16
Independent Board Members
16
Employees
1
Volunteers
20

Preparer

Firm
Chester M Kearney Pa
Address
PO BOX 1550, PRESQUE ISLE, ME 04769
Preparer
Timothy P Poitras
Phone
2077643171
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the foundation is the construction of a 6-bed hospice residential facility which will provide twenty-four hour a day palliative and hospice care. The facility will have the capacity to provide approximately 1,460 to 2,190 patient days of hospice care annually. Assuming an average stay of 35 days, the facility would have the resources to accommodate 42 to 63 patients per annum at 100 percent of capacity.

Form 990, Part XI, Line 9

ROUNDING 1

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The primary objective of the endowment fund is to deliver financial returns required to sustain foundation operations, grants, and programs. The foundation's investment strategy is to keep a long-term diversified asset allocation model, which seeks to meet or exceed market returns over time while minimizing costs and tracking closely with appropriate market indices. On an annual basis, investments are reviewed to ensure the objectives are being met.

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IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS THE CONSTRUCTION OF A 6-BED HOSPICE RESIDENTIAL FACILITY WHICH WILL PROVIDE TWENTY-FOUR HOUR A DAY PALLIATIVE AND HOSPICE CARE. THE FACILITY WILL HAVE THE CAPACITY TO PROVIDE APPROXIMATELY 1,460 TO 2,190 PATIENT DAYS OF HOSPICE CARE ANNUALLY. ASSUMING AN AVERAGE STAY OF 35 DAYS, THE FACILITY WOULD HAVE THE RESOURCES TO ACCOMMODATE 42 TO 63 PATIENTS PER ANNUM AT 100 PERCENT OF CAPACITY.
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