Community Housing Of Maine Inc
- Assets
- $34.3m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 12
- Location
- Portland, ME
- Founding
- 09/1994
- Data as of
- 06/2020
- EIN
- 01-0490195
Organization Overview
Community Housing Of Maine Inc is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2020, Community Housing Of Maine Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Community Housing Of Maine Inc generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (9.9%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DEVELOPS AND PROVIDES HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS AND MANAGES LOW INCOME HOUSING FOR DISADVANTAGED INDIVIDUALS IN THE STATE OF MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cullen Ryan Executive Director | Officer | 40 | $122,826 |
James Gwilym Chief Financial Officer | Officer | 20 | $43,878 |
Chip Newell Treasurer | OfficerTrustee | 0.5 | $0 |
Gunnar Hubbard Secretary | OfficerTrustee | 0.5 | $0 |
Aaron Shapiro President | OfficerTrustee | 0.5 | $0 |
Kim Twitchell Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davenport Enterprises Llc Maintenance | 6/29/18 | $160,617 |
John's General Contracting Construction | 6/29/18 | $115,065 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,091,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,123,107 |
| Total Program Service Revenue | $1,996,607 |
| Investment income | $22,967 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $27,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,169,867 |
| 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 | $710,619 |
| Pension plan accruals and contributions | $63,245 |
| Other employee benefits | $86,692 |
| Payroll taxes | $0 |
| Fees for services: Management | $40,600 |
| Fees for services: Legal | $13,761 |
| Fees for services: Accounting | $18,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,516 |
| Advertising and promotion | $0 |
| Office expenses | $2,776 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,815 |
| Travel | $13,891 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $187,514 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668,514 |
| Insurance | $86,217 |
| All other expenses | $48,011 |
| Total functional expenses | $3,412,793 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,412,289 |
| Savings and temporary cash investments | $1,487,035 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $319,168 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,674,172 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,272 |
| Net Land, buildings, and equipment | $21,643,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,045,886 |
| Intangible assets | $0 |
| Other assets | $2,673,286 |
| Total assets | $34,277,846 |
| Accounts payable and accrued expenses | $267,727 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $21,651,106 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,825 |
| Total liabilities | $22,071,658 |
| Net assets without donor restrictions | $12,159,759 |
| Net assets with donor restrictions | $46,429 |
| 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 | $34,277,846 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Housing Of Maine Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Bowdoin Apartments Corp Malden, MA PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Enterprises Inc Brunswick, ME | $105,726,277 | $9,413,252 |
Fit-Nhnh Inc Manchester, NH | $20,211,623 | $14,555,429 |
Avesta Housing Development Corporation Portland, ME | $56,826,112 | $8,741,762 |
Housing Benefits Manchester, NH | $20,714,993 | $2,978,794 |
Community Housing Of Maine Inc Portland, ME | $34,277,846 | $3,169,867 |
Village Square Housing Corporation Portland, ME | $3,747,395 | $2,703,745 |
Diocesan Bureau Of Housing Deering Pavilion Portland, ME | $10,288,358 | $2,370,569 |
United States Catholic Conference Portland, ME | $5,948,587 | $1,470,740 |
Rural Housing For The Elderly Manchester, NH | $2,991,518 | $1,105,911 |
Northern Lights Housing Corp Littleton, NH | $1,471,556 | $829,101 |
Berry Park Housing Corporation Portland, ME | $4,044,442 | $679,381 |
Stella Maris Housing Development Corp Rockland, ME | $1,687,730 | $609,770 |