Farmington Home For Aged People Office Of Pres & Trustee
- Assets
- $3.1m
- Revenue
- $1.1m
- Investments
- $2.2m
- Employees
- 0
- Location
- Farmington, ME
- Founding
- 06/1943
- Data as of
- 05/2023
- EIN
- 01-0217212
Organization Overview
Farmington Home For Aged People Office Of Pres & Trustee is located in Farmington, ME. The organization was established in 1943. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmington Home For Aged People Office Of Pres & Trustee 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 05/2023, Farmington Home For Aged People Office Of Pres & Trustee generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.2m during the year ending 05/2023. While expenses have increased by 3.9% per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME IS A RESIDENTIAL CARE FACILITY WITH 16 PRIVATE ROOMS FOR OLDER PEOPLE THAT PROVIDES ASSISTANCE WITH DAILY LIVING AND THE MANAGEMENT OF HEALTH CARE NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Thompson Treasurer | 5 | $0 | |
Craig Jordan President | 10 | $0 | |
Kimberly Gooch Clerk | 2 | $0 | |
John Bogar Trustee | 2 | $0 | |
Jan Brinkman Trustee | 2 | $0 | |
Shelley Deane Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $227,952 |
| Interest on Savings | $82 |
| Dividends & Interest | $91,200 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,091 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $747,505 |
| Total Revenue | $1,059,648 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $672,633 |
| Pension plans, employee benefits | $9,156 |
| Interest | $10,908 |
| Taxes | $61,503 |
| Depreciation | $32,717 |
| Occupancy | $78,226 |
| Travel, conferences, and meetings | $439 |
| Printing and publications | $0 |
| Other expenses | $268,905 |
| Total operating and administrative expenses | $1,171,195 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,171,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,152 |
| Savings and temporary cash investments | $122,350 |
| Net Accounts receivable | $6,455 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $714,355 |
| Other assets | $0 |
| Total assets | $3,098,910 |
| Accounts payable and accrued expenses | $4,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $259,489 |
| Other liabilities | $0 |
| Total liabilities | $264,160 |