Caring Families Inc
- Assets
- $2.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 09/1999
- Data as of
- 06/2022
- 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 06/2022, Caring Families Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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
2022
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 | |
Lita Blanchard Director | 1 | $0 | |
Zan Harris Director | 1 | $0 | |
Lynne Hall Treasurer | 1 | $0 | |
Shawn Harris Secretary | 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 | -$737 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,431,250 |
| Total Revenue | $4,430,513 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $2,661,188 |
| Pension plans, employee benefits | $375,340 |
| Interest | $57,628 |
| Taxes | $440,157 |
| Depreciation | $116,333 |
| Occupancy | $177,421 |
| Travel, conferences, and meetings | $1,367 |
| Printing and publications | $0 |
| Other expenses | $483,926 |
| Total operating and administrative expenses | $4,367,229 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,367,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,266 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $671,862 |
| 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 | $3,453 |
| Prepaid expenses and deferred charges | $39,331 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,403,244 |
| Other assets | $11,300 |
| Total assets | $2,183,456 |
| Accounts payable and accrued expenses | $548,082 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $953,513 |
| Other liabilities | $76,612 |
| Total liabilities | $1,578,207 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring Families Inc Portland, ME | $2,183,456 | $4,430,513 |
Greater Brunswick Housing Corporation Brunswick, ME | $11,831,820 | $3,161,972 |
Habitat For Humanity International Inc Portsmouth, NH | $1,729,669 | $1,174,043 |
Habitat For Humanity International Inc Plymouth, NH | $1,886,611 | $925,959 |
Belmont Elderly Housing Inc Concord, NH | $1,640,108 | $469,467 |
Habitat For Humanity International Inc Topsham, ME | $1,185,536 | $610,759 |
Maine Housing And Building Materials Exchange Sabattus, ME | $648,887 | $277,776 |
Habitat For Humanity International Inc Hollis, NH | $1,415,374 | $379,634 |
Eastport Non-Profit Housing Corp Eastport, ME | $736,370 | $225,636 |
Cmrs Iv Inc Greenfield, NH | $466,235 | $178,234 |
Ingraham Housing Corporation Inc South Portland, ME | $1,642,948 | $195,278 |
Mattawamkeag Housing Corp Bangor, ME | $527,877 | $171,156 |