Community Housing Of Maine Inc
- Assets
- $35.2m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 12
- Location
- Portland, ME
- Founding
- 09/1994
- Data as of
- 06/2021
- 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 06/2021, 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. Community Housing Of Maine 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 06/2021, Community Housing Of Maine Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.4%) each year. All expenses for the organization totaled $3.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 6 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
2021
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cullen Ryan Executive Director | Officer | 40 | $126,211 |
James Gwilym Chief Financial Officer | Officer | 20 | $50,469 |
Gunnar Hubbard Secretary | OfficerTrustee | 0.5 | $0 |
Aaron Shapiro President | OfficerTrustee | 0.5 | $0 |
Chip Newell Treasurer | OfficerTrustee | 0.5 | $0 |
David Birkhahn 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 | $1,313,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,999 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,352,974 |
| Total Program Service Revenue | $2,589,179 |
| Investment income | $982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$110,388 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,832,747 |
| 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 | $744,712 |
| Pension plan accruals and contributions | $59,150 |
| Other employee benefits | $86,338 |
| Payroll taxes | $0 |
| Fees for services: Management | $41,650 |
| Fees for services: Legal | $12,237 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,053 |
| Advertising and promotion | $0 |
| Office expenses | $8,936 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,458 |
| Travel | $4,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $162,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $684,848 |
| Insurance | $92,692 |
| All other expenses | $32,977 |
| Total functional expenses | $3,303,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,393 |
| Savings and temporary cash investments | $1,238,761 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $215,297 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,877,540 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $26,865 |
| Net Land, buildings, and equipment | $22,599,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,205,036 |
| Intangible assets | $0 |
| Other assets | $3,406,159 |
| Total assets | $35,247,004 |
| Accounts payable and accrued expenses | $287,985 |
| 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 | $22,061,907 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,748 |
| Total liabilities | $22,511,640 |
| Net assets without donor restrictions | $12,688,935 |
| 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 | $35,247,004 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Housing Of Maine Inc has recieved totaling $6.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $6 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avesta Housing Development Corporation Portland, ME | $69,411,595 | $13,114,873 |
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Housing Benefits Manchester, NH | $19,848,686 | $2,975,053 |
Community Housing Of Maine Inc Portland, ME | $35,247,004 | $3,832,747 |
Village Square Housing Corporation Portland, ME | $5,696,859 | $2,944,780 |
Diocesan Bureau Of Housing Deering Pavilion Portland, ME | $10,086,881 | $2,452,298 |
United States Catholic Conference Portland, ME | $5,797,365 | $1,499,768 |
Rural Housing For The Elderly Manchester, NH | $3,090,190 | $1,063,291 |
Berry Park Housing Corporation Portland, ME | $4,394,655 | $939,723 |
Northern Lights Housing Corp Littleton, NH | $1,590,776 | $753,630 |
Stella Maris Housing Development Corp Rockland, ME | $1,538,930 | $636,464 |
Emc Affordable Housing Preservation Westbrook, ME | $1,783,460 | $692,643 |