Kaler-Vaill Memorial Home
- Assets
- $7.6m
- Revenue
- $552.1k
- Investments
- $2.8m
- Employees
- 0
- Location
- Scarborough, ME
- Founding
- 10/1962
- Data as of
- 06/2023
- EIN
- 01-0261396
Organization Overview
Kaler-Vaill Memorial Home is located in Scarborough, ME. The organization was established in 1962. 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. Kaler-Vaill 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 06/2023, Kaler-Vaill Memorial Home generated $552.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $603.4k during the year ending 06/2023. While expenses have increased by 4.3% per year over the past 6 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
PROVIDED TEMPORARY HOUSING FOR AGED NEEDY WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence Gross President | 2 | $0 | |
Richard Baird Director | 1 | $0 | |
Cynthia Milliken-Taylor Secretary | 2 | $0 | |
Michael Knight Director | 1 | $0 | |
Deborah Temm Finance Director | 40 | $34,522 | |
Christian Smith Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,990 |
| Interest on Savings | $0 |
| Dividends & Interest | $141,291 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,578 |
| Capital Gain Net Income | $137,930 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $251,283 |
| Total Revenue | $552,142 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,182 |
| Other employee salaries and wages | $215,874 |
| Pension plans, employee benefits | $3,887 |
| Interest | $0 |
| Taxes | $28,272 |
| Depreciation | $66,774 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $178,216 |
| Total operating and administrative expenses | $603,389 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $603,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,786 |
| Savings and temporary cash investments | $188,787 |
| 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 | $1,309 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $595,014 |
| Net Land, buildings, and equipment | $783,343 |
| Other assets | $3,814,364 |
| Total assets | $7,571,352 |
| Accounts payable and accrued expenses | $12,646 |
| 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 | $12,646 |