Caring Families Inc
- Assets
- $2.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 09/1999
- Data as of
- 06/2024
- EIN
- 01-0525617
Organization Overview
Caring Families Inc is located in Portland, ME. The organization was established in 1999. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Caring Families 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 06/2024, Caring Families Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $5.0m during the year ending 06/2024. While expenses have increased by 3.7% per year over the past 9 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE - 16 BED ICF/MR FACILITY PRIMARILY FUNDED BY MAINCARE.
DAY HABILITATION PROGRAM FOR RESIDENTS PRIMARILY FUNDED BY MAINECARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Harris President | 1 | $0 | |
Peter Farnsworth Vice President | 1 | $0 | |
Shawn Harris Secretary | 1 | $0 | |
Clinton Phillips Treasurer | 1 | $0 | |
Zan Harris Director | 1 | $0 | |
Lita Blanchard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$739 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,066,226 |
| Total Revenue | $5,065,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,387,306 |
| Pension plans, employee benefits | $242,583 |
| Interest | $42,500 |
| Taxes | $433,588 |
| Depreciation | $112,398 |
| Occupancy | $184,787 |
| Travel, conferences, and meetings | $3,297 |
| Printing and publications | $0 |
| Other expenses | $512,119 |
| Total operating and administrative expenses | $4,975,473 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,975,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $560,055 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $470,690 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,938 |
| Prepaid expenses and deferred charges | $27,812 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,219,066 |
| Other assets | $6,570 |
| Total assets | $2,287,131 |
| Accounts payable and accrued expenses | $888,762 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $679,080 |
| Other liabilities | $3,293 |
| Total liabilities | $1,571,135 |