Diocesan Bureau Of Housing Deering Pavilion is located in Portland, ME. The organization was established in 1946. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Diocesan Bureau Of Housing Deering Pavilion 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 06/2022, Diocesan Bureau Of Housing Deering Pavilion generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE A 200 UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES AFFORDABLE HOUSING AND CONGREGATE CARE FOR LOW-INCOME ELDERLY TENANTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
FR Claude Gendreau Director | Trustee | 1 | $0 |
Paul Tully Director | Trustee | 1 | $0 |
Alan Hinkley Director | Trustee | 1 | $0 |
Michael Clisham Chair | Trustee | 1 | $0 |
Vicki Loring Director | Trustee | 1 | $0 |
Kim Toppi Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Maine Elevator Specialists Inc Elevator Replacement | 6/29/15 | $175,200 |
Dicon Generator Replacement | 6/29/15 | $128,886 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,410,474 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,410,474 |
Total Program Service Revenue | $1,122,349 |
Investment income | $4,378 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$19,879 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,517,322 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $160,800 |
Fees for services: Legal | $1,503 |
Fees for services: Accounting | $43,880 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,841 |
Office expenses | $56,450 |
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 | $342,973 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $674,625 |
Insurance | $70,949 |
All other expenses | $56,016 |
Total functional expenses | $2,602,137 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,289,838 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,075 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,480 |
Prepaid expenses and deferred charges | $23,043 |
Net Land, buildings, and equipment | $7,198,587 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,324,393 |
Total assets | $9,842,416 |
Accounts payable and accrued expenses | $57,041 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $8,800,726 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $78,912 |
Total liabilities | $8,936,679 |
Net assets without donor restrictions | $905,737 |
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 | $9,842,416 |