Hancock County Homes Foundation
- Assets
- $1.5m
- Revenue
- $695.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Ellsworth, ME
- Founding
- 01/1973
- Data as of
- 06/2022
- EIN
- 23-7225374
Organization Overview
Hancock County Homes Foundation is located in Ellsworth, ME. The organization was established in 1973. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Hancock County Homes Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock County Homes Foundation 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, Hancock County Homes Foundation generated $695.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $717.9k during the year ending 06/2022. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR ELDERLY AND DISABLED PERSONS WITH VERY LOW TO LOW INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HANCOCK COUNTY HOMES FOUNDATION PROVIDES 86 HOUSING UNITS FOR ELDERLY AND DISABLED PERSONS. THESE UNITS ARE SUBSIDIZED BY RURAL DEVELOPMENT BASED ON TENANT INCOME LEVELS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phyllis Harmon Secretary | OfficerTrustee | 0.5 | $0 |
Jo Cooper President | OfficerTrustee | 0.5 | $0 |
Andrew Sankey Vice-President | OfficerTrustee | 0.5 | $0 |
Steve Elliot Director | Trustee | 0.5 | $0 |
Chuck Hodge Director | Trustee | 0.5 | $0 |
Anne Dickens Director | Trustee | 0.5 | $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 | $688,913 |
| Investment income | $91 |
| 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 | $695,890 |
| 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 | $153,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,748 |
| Payroll taxes | $13,541 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,723 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,487 |
| Advertising and promotion | $291 |
| Office expenses | $8,180 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,975 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,005 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,885 |
| Insurance | $28,585 |
| All other expenses | $2,468 |
| Total functional expenses | $717,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,608 |
| Savings and temporary cash investments | $287,959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $457 |
| 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 | $9,206 |
| Net Land, buildings, and equipment | $1,226,010 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $307 |
| Total assets | $1,528,547 |
| Accounts payable and accrued expenses | $26,809 |
| Grants payable | $0 |
| Deferred revenue | $1,185 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $48,202 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,432,388 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,508,584 |
| Net assets without donor restrictions | -$980,037 |
| 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 | $1,528,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Taylor Home Laconia, NH | $85,135,801 | $21,418,139 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
Group Main Stream Inc Westbrook, ME | $5,117,490 | $12,271,030 |
Scott-Farrar Home Peterborough, NH | $20,723,129 | $5,884,459 |
Housing Initiatives Of New England Scarborough, ME | $75,729,157 | $7,030,512 |
Maine Childrens Home For Little Wanderers Waterville, ME | $10,545,636 | $2,193,841 |
Sunset Home Of Waterville Waterville, ME | $4,930,472 | $1,213,305 |
Cei Housing Inc Brunswick, ME | $2,587,340 | $825,661 |
Crisis Center Of Central New Hampshire Concord, NH | $825,782 | $928,604 |
Hancock County Homes Foundation Ellsworth, ME | $1,528,547 | $695,890 |
Deborah Lincoln House Belfast, ME | $4,817,279 | $222,148 |
Courtyard Affordable Housing Corp Augusta, ME | $3,165,101 | $653,150 |