Sunset Home Of Waterville
- Assets
- $4.4m
- Revenue
- $1.1m
- Investments
- $3.5m
- Employees
- 0
- Location
- Waterville, ME
- Founding
- 09/1943
- Data as of
- 12/2023
- EIN
- 01-0219135
Organization Overview
Sunset Home Of Waterville is located in Waterville, ME. The organization was established in 1943. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Home Of Waterville 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 12/2023, Sunset Home Of Waterville generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
RESIDENTIAL CARE SERVICES (BOARDING HOME) FOR 20 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Furlong President | 0.25 | $0 | |
Kay Grindall Secretary | 0.25 | $0 | |
John Parsons Treasurer | 0.25 | $0 | |
Marc Currie Board Member | 0.25 | $0 | |
Wanda L'heureux Board Member | 0.25 | $0 | |
Wendy Lynn Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,081 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,481 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $54 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $962,594 |
| Total Revenue | $1,061,156 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,055 |
| Other employee salaries and wages | $548,280 |
| Pension plans, employee benefits | $119,978 |
| Interest | $0 |
| Taxes | $56,820 |
| Depreciation | $78,881 |
| Occupancy | $82,941 |
| Travel, conferences, and meetings | $41 |
| Printing and publications | $447 |
| Other expenses | $182,294 |
| Total operating and administrative expenses | $1,173,069 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,173,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,413 |
| Savings and temporary cash investments | $42,430 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $628,624 |
| Other assets | $167,562 |
| Total assets | $4,368,270 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |