Deborah Lincoln House
- Assets
- $6.5m
- Revenue
- $2.2m
- Investments
- $5.5m
- Employees
- 0
- Location
- Belfast, ME
- Founding
- 01/1953
- Data as of
- 09/2023
- EIN
- 01-0226346
Organization Overview
Deborah Lincoln House is located in Belfast, ME. The organization was established in 1953. 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. Deborah Lincoln House 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 09/2023, Deborah Lincoln House generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $538.2k during the year ending 09/2023. 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
OPERATION OF STATE-LICENSED BOARDING FACILITY FOR ELDERLY WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Boynton Treasurer | 2 | $0 | |
Terri Curtis Secretary | 1 | $0 | |
Megan Farris Director | 1 | $0 | |
Charles J Pray President | 1 | $0 | |
James O' Connor Vice President | 1 | $0 | |
Martha Latin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $262,727 |
| Interest on Savings | $10 |
| Dividends & Interest | $106,751 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,743,132 |
| Capital Gain Net Income | $1,743,132 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $92,296 |
| Total Revenue | $2,204,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $62,994 |
| Other employee salaries and wages | $234,345 |
| Pension plans, employee benefits | $10,913 |
| Interest | $0 |
| Taxes | $22,393 |
| Depreciation | $5,862 |
| Occupancy | $56,762 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100,149 |
| Total operating and administrative expenses | $538,000 |
| Contributions, gifts, grants paid | $176 |
| Total expenses and disbursements | $538,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $321 |
| Savings and temporary cash investments | $795,382 |
| 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 | $2,825,921 |
| Net Land, buildings, and equipment | $177,166 |
| Other assets | $0 |
| Total assets | $6,484,727 |
| Accounts payable and accrued expenses | $6,334 |
| 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 | $6,334 |