Lincoln Home
- Assets
- $8.3m
- Revenue
- $4.0m
- Investments
- $543.0k
- Employees
- 126
- Location
- Newcastle, ME
- Founding
- 12/1942
- Data as of
- 07/2023
- EIN
- 01-0220430
Organization Overview
Lincoln Home is located in Newcastle, ME. The organization was established in 1942. 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. As of 07/2023, Lincoln Home employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lincoln Home 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 07/2023, Lincoln Home generated $4.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $5.0m during the year ending 07/2023. While expenses have increased by 9.7% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE LINCOLN HOME PROVIDES SENIOR LIVING OPTIONS FOR ELDERLY RESIDENTS IN AN ENVIRONMENT FOSTERING DIGNITY, SAFETY, COMFORT, AND THE ENJOYMENT OF MEANINGFUL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 1927 SEVEN WOMEN'S CLUBS OF LINCOLN COUNTY ORGANIZED AND OPENED A BOARDING HOME FOR THE ELDERLY ON SEVEN DOLLARS AND A DREAM. THESE WOMEN SET THE HIGH BAR OF EXCELLENCE IN CARING AND IN GIVING. IT IS WITH THEIR EXAMPLE THAT WE ARE ENTRUSTED TO CARRY ON THE MISSION PROVIDING JOYFUL AND ABUNDANT LIVING FOR SENIORS ON THE COAST OF MAINE.LINCOLN HOME NOW OFFERS A VARIETY OF SUPPORT SERVICES IN THE SETTINGS OF INDEPENDENT LIVING, ASSISTED LIVING, PRIVATE DUTY HOME CARE AND MEMORY LOSS CARE IN A SMALL HOME LIKE ENVIRONMENT TO SENIORS. BEGUN AS A SIMPLE BOARDING HOME FOR THE ELDERLY THE LINCOLN HOME HAS EVOLVED OVER THE YEARS TO SERVE THE NEEDS AND DESIRES OF ALL SENIORS. IT IS NOW A HIGHLY RESPECTED AND BEAUTIFUL PLACE FOR SENIORS TO LIVE AND RECEIVE LOVING, RESPECTFUL CARE. LINCOLN HOME ENJOYS AN IMPECCABLE REPUTATION AS THE GO TO PLACE FOR SENIORS TO LIVE, TO RECEIVE CURRENT AND PERTINENT INFORMATION REGARDING SENIOR ISSUES AND FOR ITS VIBRANT AND DIVERSE COMMUNITY LIFE PROGRAM THAT ENSURES ONE'S MIND, BODY AND SPIRIT ARE VALUED AND GROWN AT EVERY AGE. LINCOLN HOME MAKES EVERY EFFORT TO BE ABLE TO PROVIDE CARE FOR RESIDENTS TO THE END OF THEIR LIFE WHEN POSSIBLE. WE ARE HONORED AND VERY COMMITTED TO PROVIDING HOSPICE CARE UNDER THE UMBRELLA OF A CERTIFIED HOSPICE PROVIDER. THE LILLIAN NASH FUND AS WELL AS ENDOWMENT FUNDS PROVIDE OVER $150,000 OF CARE A YEAR TO RESIDENTS WHO HAVE OUT LIVED THEIR RESOURCES SO THAT THEY CAN REMAIN IN THE PLACE THEY LIVE AND LOVE.OFFERING THIS CONTINUUM OF CARE IS ESPECIALLY IMPORTANT TO THOSE 65 YEARS AND OLDER AS THEY PLAN FOR THEIR FUTURE NEEDS. LINCOLN HOME HAS BEEN PROVIDING EXCELLENCE IN CARE IN AN EXTRAORDINARY SETTING FOR OVER 80 YEARS AND IS COMMITTED TO GROWING THE MANY SERVICES IT PROVIDES TO SENIORS. IT ALSO IS PROUD TO BE A MAJOR EMPLOYER IN THE NEWCASTLE AND DAMARISCOTTA, MAINE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Bachelder Treasurer | OfficerTrustee | 2 | $0 |
Karen Filler President | OfficerTrustee | 2 | $0 |
Karen Lacharite Vice President | OfficerTrustee | 1 | $0 |
Ann Poole Director | Trustee | 1 | $0 |
Denison Briggs Director | Trustee | 1 | $0 |
Katie Rethman Director | Trustee | 1 | $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 | $93,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,201 |
| Total Program Service Revenue | $4,224,713 |
| Investment income | $63,119 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $56,895 |
| Net Gain/Loss on Asset Sales | -$438,044 |
| Net Income from Fundraising Events | $3,098 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,015,959 |
| 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. | $128,936 |
| Compensation of current officers, directors, key employees. | $128,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,798,171 |
| Pension plan accruals and contributions | $42,728 |
| Other employee benefits | $212,342 |
| Payroll taxes | $229,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,908 |
| Fees for services: Other | $0 |
| Advertising and promotion | $142,769 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $89,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,819 |
| Insurance | $0 |
| All other expenses | $337,240 |
| Total functional expenses | $4,954,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328 |
| Savings and temporary cash investments | $518,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,388 |
| 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 | $10,613 |
| Net Land, buildings, and equipment | $3,565,542 |
| Investments—publicly traded securities | $1,459,507 |
| Investments—other securities | $543,037 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,017,672 |
| Total assets | $8,283,114 |
| Accounts payable and accrued expenses | $347,942 |
| Grants payable | $0 |
| Deferred revenue | $336,683 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,633,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,318,528 |
| Net assets without donor restrictions | $2,964,586 |
| 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 | $8,283,114 |