Southern Aroostook Development Corporation
- Assets
- $69.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houlton, ME
- Founding
- 04/1959
- Data as of
- 12/2021
- EIN
- 01-0243319
Organization Overview
Southern Aroostook Development Corporation is located in Houlton, ME. The organization was established in 1959. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Aroostook Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Southern Aroostook Development Corporation generated $125.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $83.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Dionne President | 2 | $0 | |
Melissa Page Secretary | 1 | $0 | |
Max Lynds Director | 1 | $0 | |
Terry Wade Director | 1 | $0 | |
Chris Anderson Clerk | 2 | $0 | |
Chris Fitzpatrick Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,028 |
| Total Program Service Revenue | $12,305 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,342 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,264 |
| Professional fees and other payments to independent contractors | $1,200 |
| Occupancy, rent, utilities, and maintenance | $4,248 |
| Printing, publications, postage, and shipping | $632 |
| Other expenses | $13,342 |
| Total expenses | $83,686 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,012 |
| Other assets | $0 |
| Total assets | $69,012 |
| Total liabilities | $22,297 |
| Net assets or fund balances | $46,715 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
York County Shelter Programs Inc Alfred, ME | $7,515,033 | $5,469,246 |
Our Katahdin Millinocket, ME | $1,421,809 | $1,815,951 |
Portland Housing Development Corporation Portland, ME | $5,328,711 | $2,757,076 |
Northern Aroostook Alternatives Inc Van Buren, ME | $1,275,126 | $1,273,850 |
Downtown Improvement District Inc Portland, ME | $317,810 | $1,068,998 |
Capital Regional Development Council Concord, NH | $14,984,194 | $977,983 |
Harbor House Community Service Center Southwest Harbor, ME | $2,151,335 | $1,095,406 |
Granite State Organizing Project Manchester, NH | $626,444 | $1,199,163 |
Southern Maine Finance Agency Biddeford, ME | $7,727,125 | $658,421 |
Belknap County Economic Development Council Inc Laconia, NH | $5,665,349 | $1,533,067 |
Kennebunkport Heritage Housing Trust 2 Kennebunkport, ME | $281,718 | $538,218 |
Lakes Region Association Tilton, NH | $267,945 | $618,094 |