Maine Avenue Manor Inc
- Assets
- $745.7k
- Revenue
- $329.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Millinocket, ME
- Founding
- 12/1981
- Data as of
- 12/2022
- EIN
- 01-0376143
Organization Overview
Maine Avenue Manor Inc is located in Millinocket, ME. The organization was established in 1981. 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. Maine Avenue Manor Inc 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 12/2022, Maine Avenue Manor Inc generated $329.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $256.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OWNED AND OPERATED A HOUSING PROJECT FOR THE ELDERLY. THE PROJECT IS FINANCED BY THE MAINE STATE HOUSING AUTHORITY UTLIZING FUNDS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Megno Vice President | OfficerTrustee | 1 | $0 |
Herbert Clark President | OfficerTrustee | 1 | $0 |
Dean Beaupain Secretary | OfficerTrustee | 1 | $0 |
Sue Kaul Treasurer | OfficerTrustee | 1 | $0 |
Lisa Davies Management Company | Officer | 20 | $0 |
Patricia St John Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $321,937 |
| Investment income | $5,541 |
| 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 | $329,107 |
| 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 | $37,110 |
| Fees for services: Legal | $137 |
| Fees for services: Accounting | $9,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,552 |
| Advertising and promotion | $292 |
| Office expenses | $1,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,547 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,346 |
| Insurance | $14,246 |
| All other expenses | $0 |
| Total functional expenses | $256,631 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,495 |
| Savings and temporary cash investments | $431,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,783 |
| 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 | $3,185 |
| Net Land, buildings, and equipment | $265,279 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $745,669 |
| Accounts payable and accrued expenses | $19,923 |
| Grants payable | $0 |
| Deferred revenue | $46 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $7,115 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $589,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,262 |
| Total liabilities | $636,857 |
| Net assets without donor restrictions | $108,812 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $745,669 |
Peer Organizations
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|---|---|---|
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Maine Life Care Retirement Community Inc Scarborough, ME | $140,484,243 | $23,531,278 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |
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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 |