Maple Grove Elderly Housing Corporation
- Assets
- $8.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 12/1977
- Data as of
- 12/2021
- EIN
- 01-0347203
Organization Overview
Maple Grove Elderly Housing Corporation is located in Portland, ME. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Grove Elderly Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR LOW-INCOME ELDERLY RESIDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE LOW-INCOME APARTMENTS FOR ELDERLY RESIDENTS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dana Totman Chief Executive Officer | Officer | 1 | $0 |
Eric Boucher Chief Financial Officer | Officer | 1 | $0 |
Rebecca Hatfield Senior VP Of Real Estate | Officer | 1 | $0 |
Katy Smith VP Of Senior Living | Officer | 1 | $0 |
Kim Farrar VP Of Strategic Initiative | Officer | 1 | $0 |
Janice DE Lima Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $359,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $359,495 |
| Total Program Service Revenue | $907,923 |
| Investment income | $3,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $858,514 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,128,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $73,632 |
| Fees for services: Legal | $3,080 |
| Fees for services: Accounting | $19,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,914 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $234,611 |
| Payments to affiliates | $758,485 |
| Depreciation, depletion, and amortization | $201,505 |
| Insurance | $26,792 |
| All other expenses | $41,568 |
| Total functional expenses | $1,996,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,440 |
| Savings and temporary cash investments | $145,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $32,151 |
| Net Land, buildings, and equipment | $7,726,209 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,627 |
| Total assets | $8,726,293 |
| Accounts payable and accrued expenses | $32,642 |
| Grants payable | $0 |
| Deferred revenue | $20,640 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,935,887 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,331 |
| Total liabilities | $8,058,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $667,793 |
| Total liabilities and net assets/fund balances | $8,726,293 |
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Jha Assisted Living Inc Portland, ME | $14,866,848 | $7,038,080 |
Baldwin Senoir Living Londonderry, NH | $22,001,012 | $0 |
Franklin Home For The Aged Association Franklin, NH | $22,009,472 | $3,298,443 |
Bangor Housing Development Corporation Bangor, ME | $11,349,927 | $2,567,289 |
Phillips-Strickland House Corporation Bangor, ME | $8,449,494 | $2,117,015 |
Maple Grove Elderly Housing Corporation Portland, ME | $8,726,293 | $2,128,968 |
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Visions For Creative Housing Solutions Enfield, NH | $5,549,521 | $2,860,844 |
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