Phillips-Strickland House Corporation

Organization Overview

Phillips-Strickland House Corporation is located in Bangor, ME. The organization was established in 1976. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Phillips-Strickland House Corporation employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips-Strickland House Corporation 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 12/2021, Phillips-Strickland House Corporation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPERATION OF A BOARDING CARE FACILITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATING A 48 BED BOARDING CARE FACILITY FOR ELDERLY MEN AND WOMEN


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Board, Officers & Key Employees

Name (title)Compensation
Wayne Woodford
Executive Director
$74,978
Sheldon Brett
Executive Director
$50,332
Glen Porter ESQ
Treasurer
$0
Kenneth Rozeboom
President
$0
Edward Youngblood
Vice President
$0
Graceann Feher
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $332,013
All other contributions, gifts, grants, and similar amounts not included above$8,690
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$340,703
Total Program Service Revenue$1,733,055
Investment income $39,022
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,117,015

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Phillips-Strickland House Corporation has recieved totaling $2,000.

Awarding OrganizationAmount
Barbara Cassidy Foundation

Biddeford, ME

PURPOSE: REQUIRED DISTRIBUTION

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,683,692
Earnings$728,071
Admin Expense$15,097
Net Contributions$85,087
Other Expense$210,000
Ending Balance$5,271,753

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