Phillips-Strickland House Corporation
- Assets
- $7.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 75
- Location
- Bangor, ME
- Founding
- 07/1976
- Data as of
- 12/2022
- EIN
- 01-0342167
Organization Overview
Phillips-Strickland House Corporation is located in Bangor, ME. The organization was established in 1976. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Phillips-Strickland House Corporation employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phillips-Strickland House Corporation 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 12/2022, Phillips-Strickland House Corporation generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A BOARDING CARE FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING A 48 BED BOARDING CARE FACILITY FOR ELDERLY MEN AND WOMEN
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Gibson Director | Trustee | 0.5 | $0 |
Barbara E Gibson Director | Trustee | 0.5 | $0 |
Glen Porter ESQ Treasurer | OfficerTrustee | 0.5 | $0 |
Rev James L Haddix Director | Trustee | 0.5 | $0 |
Mary Warner MD Director | Trustee | 0.5 | $0 |
Graceann Feher Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $205,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,985 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $208,325 |
| Total Program Service Revenue | $1,991,886 |
| Investment income | $43,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,246,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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. | $114,219 |
| Compensation of current officers, directors, key employees. | $114,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,441,368 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,938 |
| Payroll taxes | $114,410 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $457 |
| Fees for services: Accounting | $12,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,929 |
| Office expenses | $8,700 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,191 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,940 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,686 |
| Insurance | $69,748 |
| All other expenses | $127,964 |
| Total functional expenses | $2,672,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,953 |
| Savings and temporary cash investments | $175,169 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $105,877 |
| 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 | $42,191 |
| Net Land, buildings, and equipment | $1,096,996 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,375,439 |
| Total assets | $7,053,625 |
| Accounts payable and accrued expenses | $323,310 |
| 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 | $219,816 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,437 |
| Total liabilities | $566,563 |
| Net assets without donor restrictions | $679,392 |
| Net assets with donor restrictions | $5,807,670 |
| 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 | $7,053,625 |