Pinewood Manor Inc

Organization Overview

Pinewood Manor Inc is located in Ocean Park, ME. The organization was established in 1979. 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. Pinewood Manor 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, Pinewood Manor Inc generated $658.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $842.7k during the year ending 12/2021. While expenses have increased by 2.9% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OWNS AND OPERATES 50 UNITS OF LOW INCOME HOUSING UNDER FEDERAL 202 PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PINEWOOD MANOR (PWM) IS A NOT FOR PROFIT, 501(C)3 CORPORATION WHICH PROVIDES 50 AFFORDABLE, ONE BEDROOM APARTMENTS THROUGH ITS PARTNERSHIP WITH HUD (THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT) FOR PERSONS OVER 62 YEARS OF AGE AND FOR PERSONS UNDER 62 WITH A DOCUMENTED DISABILITY AND WHO MEET THE FINANCIAL QUALIFICATIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Porter
President
$0
Winthrop Winch
Treasurer
$0
Barry Jackman
Vice President
$0
Frank Costello
Past Secretary
$0
Elisabeth Herold
Executive Director
$0
Eric Grey
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$657,726
Investment income $287
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 $658,013

Endowment Analysis

Beg. Balance$954,067
Ending Balance$954,067

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