Maine Resource Development Corp

Organization Overview

Maine Resource Development Corp is located in Windham, ME. The organization was established in 1991. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Resource Development Corp 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, Maine Resource Development Corp generated $739.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $748.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

SIX BED RESIDENTIAL CARE FACILITY (PNMI APPENDIX F). PRIMARILY SUPPORTED BY MAINE DHHS.


INDEPENDENT LIVING PROGRAM ASSISTS INTELLECTUALLY DISABLED PERSONS IN THEIR PURSUIT OF AN OPTIMAL LEVEL OF ADJUSTMENT TO COMMUNITY LIVING, PRIMARILY FUNDED BY MAINE DHHS.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $83,845
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $655,405
Total Revenue $739,250

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