Seventy-Five State Street

Organization Overview

Seventy-Five State Street is located in Portland, ME. The organization was established in 1942. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Seventy-Five State Street employed 163 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seventy-Five State Street 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 12/2021, Seventy-Five State Street generated $7.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $7.4m during the year ending 12/2021. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RESIDENTIAL CARE FACILITY

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE A RESIDENTIAL CARE (69 BEDS) AND INDEPENDENT LIVING (85 APARTMENTS) FACILITY FOR THE ELDERLY IN THE CUMBERLAND COUNTY AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Jessica Duffy
Administrator
$108,784
Christine Bougie
Past Administrator
$83,871
Neal Allen
Chair
$0
Julia Redding
Vice Chair
$0
Mike Voisine
Treasurer
$0
Kate Guare
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Wright-ryan
Construction
$545,830
Avesta Housing Development Corp
Management Services
$502,877
Triglione Construction
Construction
$342,301
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $128,455
All other contributions, gifts, grants, and similar amounts not included above$88,424
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$216,879
Total Program Service Revenue$7,169,125
Investment income $110,770
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$181,603
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,315,171

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Seventy-Five State Street has recieved totaling $63,551.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$55,500
Eunice Frye Home

Portland, ME

PURPOSE: GENERAL PURPOSE GRANT TO AID ASSISTED LIVING PROGRAMS

$8,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$51
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,714,092
Earnings$642,783
Other Expense$92,000
Ending Balance$4,264,875

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