Plant Memorial Home
- Assets
- $5.0m
- Revenue
- $504.6k
- Investments
- $1.4m
- Employees
- 0
- Location
- Bath, ME
- Founding
- 02/1972
- Data as of
- 12/2022
- EIN
- 01-0131950
Organization Overview
Plant Memorial Home is located in Bath, ME. The organization was established in 1972. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plant Memorial Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Plant Memorial Home generated $504.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $692.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING AND RESIDENTIAL SERVICES FOR THE ELDERLY.
PROVIDING SUBSIDIES FOR PATIENT ASSISTED LIVING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Pierce President | 10 | $0 | |
William Mcauley Treasurer | 5 | $0 | |
Emily Mcgregor Director | 2 | $0 | |
Khrystina Mclaughlin Director | 2 | $0 | |
Matthew Carrol MD Director | 2 | $0 | |
Mark Hawkes Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $73,507 |
| Interest on Savings | $4,418 |
| Dividends & Interest | $0 |
| Net Rental Income | $426,650 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $504,575 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $106,806 |
| Taxes | $0 |
| Depreciation | $133,643 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $269,913 |
| Total operating and administrative expenses | $626,952 |
| Contributions, gifts, grants paid | $65,962 |
| Total expenses and disbursements | $692,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,000 |
| Savings and temporary cash investments | $269,886 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $313,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $96,829 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,447,800 |
| Net Land, buildings, and equipment | $2,360,283 |
| Other assets | $454,799 |
| Total assets | $4,952,597 |
| Accounts payable and accrued expenses | $33,116 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,506,810 |
| Other liabilities | $58,036 |
| Total liabilities | $2,597,962 |