Maple Grove Elderly Housing Corporation is located in Portland, ME. The organization was established in 1977. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maple Grove Elderly Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR LOW-INCOME ELDERLY RESIDENTS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWN AND OPERATE LOW-INCOME APARTMENTS FOR ELDERLY RESIDENTS AND FAMILIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dana Totman Chief Executive Officer | Officer | 1 | $0 |
Eric Boucher Chief Financial Officer | Officer | 1 | $0 |
Kim Farrar VP Of Strategic Initiative | Officer | 1 | $0 |
Rebecca Hatfield Senior VP Of Real Estate | Officer | 1 | $0 |
Katy Smith VP Of Senior Living | Officer | 1 | $0 |
Jonathan Culley Chair | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $359,495 |
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 | $359,495 |
Total Program Service Revenue | $907,923 |
Investment income | $3,036 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $858,514 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,128,968 |
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 | $73,632 |
Fees for services: Legal | $3,080 |
Fees for services: Accounting | $19,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $30,914 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $234,611 |
Payments to affiliates | $758,485 |
Depreciation, depletion, and amortization | $201,505 |
Insurance | $26,792 |
All other expenses | $41,568 |
Total functional expenses | $1,996,530 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $241,440 |
Savings and temporary cash investments | $145,229 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $83,637 |
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 | $32,151 |
Net Land, buildings, and equipment | $7,726,209 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $497,627 |
Total assets | $8,726,293 |
Accounts payable and accrued expenses | $32,642 |
Grants payable | $0 |
Deferred revenue | $20,640 |
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 | $7,935,887 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $69,331 |
Total liabilities | $8,058,500 |
Net assets without donor restrictions | $0 |
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 | $667,793 |
Total liabilities and net assets/fund balances | $8,726,293 |
Organization Name | Assets | Revenue |
---|---|---|
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |
Huntington At Nashua Nashua, NH | $69,976,352 | $16,206,015 |
Seventy-Five State Street Portland, ME | $13,728,048 | $7,315,171 |
Jha Assisted Living Inc Portland, ME | $14,866,848 | $7,038,080 |
Baldwin Senoir Living Londonderry, NH | $22,001,012 | $0 |
Franklin Home For The Aged Association Franklin, NH | $22,009,472 | $3,298,443 |
Bangor Housing Development Corporation Bangor, ME | $11,349,927 | $2,567,289 |
Phillips-Strickland House Corporation Bangor, ME | $8,449,494 | $2,117,015 |
Maple Grove Elderly Housing Corporation Portland, ME | $8,726,293 | $2,128,968 |
Sarah Frye Home Auburn, ME | $1,615,102 | $1,421,566 |
Visions For Creative Housing Solutions Enfield, NH | $5,549,521 | $2,860,844 |
Hill Street Terrace Housing Corp Portland, ME | $5,424,435 | $1,256,101 |