Sunset Home Of Waterville
- Assets
- $4.9m
- Revenue
- $1.2m
- Investments
- $4.0m
- Employees
- 0
- Location
- Waterville, ME
- Founding
- 09/1943
- Data as of
- 12/2021
- EIN
- 01-0219135
Organization Overview
Sunset Home Of Waterville is located in Waterville, ME. The organization was established in 1943. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunset Home Of Waterville 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, Sunset Home Of Waterville generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL CARE SERVICES (BOARDING HOME) FOR 20 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Henry Administrator | 40 | $53,112 | |
Kevin Malady Board Member | 0.25 | $0 | |
Jeff Furlong President | 0.25 | $0 | |
Laurel York Vice President | 0.25 | $0 | |
Margo Pullen Board Member | 0.25 | $0 | |
Kady Huff Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,280 |
| Interest on Savings | $0 |
| Dividends & Interest | $59,852 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $68,980 |
| Capital Gain Net Income | $476,285 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,069,193 |
| Total Revenue | $1,213,305 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $53,112 |
| Other employee salaries and wages | $524,599 |
| Pension plans, employee benefits | $113,640 |
| Interest | $0 |
| Taxes | $62,916 |
| Depreciation | $73,648 |
| Occupancy | $69,497 |
| Travel, conferences, and meetings | $341 |
| Printing and publications | $0 |
| Other expenses | $136,920 |
| Total operating and administrative expenses | $1,090,129 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,090,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,717 |
| Savings and temporary cash investments | $8,670 |
| Net Accounts receivable | $0 |
| 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 | $581,853 |
| Other assets | $195,748 |
| Total assets | $4,930,472 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sunset Home Of Waterville has recieved totaling $7,162.
| Awarding Organization | Amount |
|---|---|
Minnie C Gerald Trust Uw Merrill Trust Company Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $4,366 |
William Bowden Trust Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $2,796 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Mary A Sweeney Home Nashua, NH | $8,455,342 | $717,868 |