For Developmental Resources
- Assets
- $359.5k
- Revenue
- $128.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 01/1979
- Data as of
- 06/2023
- EIN
- 01-0285906
Organization Overview
For Developmental Resources is located in Portland, ME. The organization was established in 1979. According to its NTEE Classification (P73) the organization is classified as: Group Homes, 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. For Developmental Resources 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, For Developmental Resources generated $128.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $156.1k during the year ending 06/2023. While expenses have increased by 9.7% 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
RESIDENTIAL 7-BED HOME FOR DEVELOPMENTALLY DISABLED ADULTS HUD-SUPPORTED HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Meyer President & CEO | 1 | $0 | |
Daniel Bonner Vice President & COO | 1 | $0 | |
Albert Durgin Secretary | 1 | $0 | |
Virginia Gentile CFO & Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| 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 | $128,352 |
| Total Revenue | $128,364 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $34,105 |
| Pension plans, employee benefits | $8,948 |
| Interest | $3,993 |
| Taxes | $0 |
| Depreciation | $5,913 |
| Occupancy | $62,117 |
| Travel, conferences, and meetings | $226 |
| Printing and publications | $0 |
| Other expenses | $32,443 |
| Total operating and administrative expenses | $156,079 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $156,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,212 |
| Savings and temporary cash investments | $46,486 |
| 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 | $1,719 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $299,110 |
| Other assets | $0 |
| Total assets | $359,527 |
| Accounts payable and accrued expenses | $240 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $32,682 |
| Other liabilities | $322,313 |
| Total liabilities | $355,235 |