Wardwell Home For The Aging
- Assets
- $11.9m
- Revenue
- $1.7m
- Investments
- $4.8m
- Employees
- 0
- Location
- Saco, ME
- Founding
- 07/1942
- Data as of
- 06/2023
- EIN
- 01-0213987
Organization Overview
Wardwell Home For The Aging is located in Saco, ME. The organization was established in 1942. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wardwell Home For The Aging 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 06/2023, Wardwell Home For The Aging generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING AND RESIDENTIAL SERVICES FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin R Robert Director | 2 | $0 | |
Lisa Morin Director | 2 | $0 | |
Dana Lane Treasurer | 2 | $0 | |
Mark Peterson Director | 2 | $0 | |
Sarah Moore Director | 2 | $0 | |
Eric Cote Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,119 |
| Interest on Savings | $9,769 |
| Dividends & Interest | $239,555 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$45,736 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,458,056 |
| Total Revenue | $1,688,763 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $97,883 |
| Other employee salaries and wages | $732,723 |
| Pension plans, employee benefits | $117,136 |
| Interest | $38,607 |
| Taxes | $41,129 |
| Depreciation | $157,134 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $573,905 |
| Total operating and administrative expenses | $1,782,717 |
| Contributions, gifts, grants paid | $1,201 |
| Total expenses and disbursements | $1,783,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,133 |
| Savings and temporary cash investments | $752,534 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,624 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $654,200 |
| Net Land, buildings, and equipment | $4,166,874 |
| Other assets | $1,822,610 |
| Total assets | $11,869,481 |
| Accounts payable and accrued expenses | $2,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,535,552 |
| Other liabilities | $68,242 |
| Total liabilities | $1,606,459 |