H O M E Inc
- Assets
- $8.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 70
- Location
- Orland, ME
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 01-0287624
Organization Overview
H O M E Inc is located in Orland, ME. The organization was established in 1971. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, H O M E Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. H O M E Inc 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, H O M E Inc generated $2.3m 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 $2.4m during the year ending 12/2021. While expenses have increased by 5.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
H.O.M.E. INC. PROVIDES JOBS, FOOD, EDUCATION, TEMPORARY SHELTER, AND HOME OWNERSHIP TO LOW INCOME FAMILIES AND FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION, CRAFTS, AND RETAIL OPERATIONS PROVIDED EMPLOYMENT, JOB TRAINING, POTENTIAL HOME OWNERSHIP, AND LIFE SKILLS TO DOZENS OF LOW INCOME OR NEEDY INDIVIDUALS AND FAMILIES LOCATED IN THE COASTAL/EASTERN MAINE AREA. SALES RECEIPTS FROM THESE OPERATIONS WAS 23,702 FOR 2020.
TRANSITIONAL HOUSING, VARIOUS SHELTERS AND FOOD KITCHENS PROVIDED ACCOMMODATIONS, FOOD, AND NEEDED SERVICES TO HOMELESS FAMILIES AND INDIVIDUALS LOCATED IN COASTAL/EASTERN MAINE.
A LEARNING CENTER PROVIDED JOB TRAINING, COMPUTER TRAINING, AND LITERACY & GED PROGRAMS TO THOSE IN NEED OF NEW SKILLS, AND OPERATED A DAY CARE CENTER FOR WORKING FAMILIES.
VARIOUS OTHER ACTIVITIES SUCH AS OPERATION OF A CHAPEL AND A MUSEUM PROVIDED EDUCATIONAL AND ENRICHMENT OPPORTUNITIES TO MAINE PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Hair Executive Di | Officer | 40 | $55,000 |
Rosa Moore Assistant Di | Officer | 40 | $50,185 |
Jayme Ream Staff Rep | Trustee | 40 | $39,007 |
Michael Guare Chairman | OfficerTrustee | 1 | $0 |
Tammie Hooper Secretary | OfficerTrustee | 1 | $0 |
Susan Lessard Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $482,419 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,482,714 |
| Noncash contributions included in lines 1a–1f | $314,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,965,133 |
| Total Program Service Revenue | $166,271 |
| Investment income | $57,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $29,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $60,499 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,284,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $318,813 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,212 |
| Compensation of current officers, directors, key employees. | $89,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,061,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,919 |
| Payroll taxes | $89,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,896 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $87,836 |
| Advertising and promotion | $3,587 |
| Office expenses | $24,617 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $142,964 |
| Travel | $7,261 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $83,791 |
| Insurance | $78,099 |
| All other expenses | $14,143 |
| Total functional expenses | $2,445,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,336 |
| Savings and temporary cash investments | $99,093 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $56,735 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,899 |
| Inventories for sale or use | $21,482 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,388,753 |
| Investments—publicly traded securities | $4,991,169 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,157,100 |
| Total assets | $8,110,567 |
| Accounts payable and accrued expenses | $108,999 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| 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 | $774,509 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $888,508 |
| Net assets without donor restrictions | $6,571,268 |
| Net assets with donor restrictions | $650,791 |
| 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 | $8,110,567 |
Grants Awarded
Over the last fiscal year, H O M E Inc has awarded $23,814 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
E Orland, ME PURPOSE: GENERAL SUPPORT | $13,515 |
E Orland, ME PURPOSE: LOAN PAYMENT | $10,299 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that H O M E Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Atlantic Residential Resource Beaufort, SC PURPOSE: SUPPORT FOR HOMELESS, DOMESTIC VIOLENCE, AND SUBSTANCE ABUSE PROGRAMS | $5,000 |
Endowment Analysis
| Earnings | $16,783 |
| Admin Expense | $4,461 |
| Net Contributions | $4,326,296 |
| Ending Balance | $4,338,618 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
H O M E Inc Orland, ME | $8,110,567 | $2,284,594 |
York Community Service Association York, ME | $1,606,046 | $1,001,749 |
A Caring Community Kittery, ME | $748,136 | $631,627 |
Still A Good Cause Thrift Shop Portland, ME | $30,967 | $0 |
Time And Again Ltd Wells, ME | $55,968 | $0 |
Full Circle Community Inc Eliot, ME | $0 | $0 |
Impact Thrift Freedom, NH | $0 | $0 |
Guardian Angel Thrift Shop Berlin, NH | $0 | $12,040 |