Maine Avenue Manor Inc is located in Millinocket, ME. The organization was established in 1981. 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. Maine Avenue 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 12/2022, Maine Avenue Manor Inc generated $329.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $256.6k during the year ending 12/2022. 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
PROVIDE LOW INCOME HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OWNED AND OPERATED A HOUSING PROJECT FOR THE ELDERLY. THE PROJECT IS FINANCED BY THE MAINE STATE HOUSING AUTHORITY UTLIZING FUNDS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Sue Kaul Treasurer | OfficerTrustee | 1 | $0 |
Francis Megno Vice President | OfficerTrustee | 1 | $0 |
Herbert Clark President | OfficerTrustee | 1 | $0 |
Dean Beaupain Secretary | OfficerTrustee | 1 | $0 |
Lisa Davies Management Company | Officer | 20 | $0 |
Ellen Clark Director | Trustee | 1 | $0 |
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 | $321,937 |
Investment income | $5,541 |
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 | $329,107 |
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 | $37,110 |
Fees for services: Legal | $137 |
Fees for services: Accounting | $9,020 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $43,552 |
Advertising and promotion | $292 |
Office expenses | $1,974 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $93,547 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $39,431 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $9,346 |
Insurance | $14,246 |
All other expenses | $0 |
Total functional expenses | $256,631 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $43,495 |
Savings and temporary cash investments | $431,927 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,783 |
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 | $3,185 |
Net Land, buildings, and equipment | $265,279 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $745,669 |
Accounts payable and accrued expenses | $19,923 |
Grants payable | $0 |
Deferred revenue | $46 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $7,115 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $589,511 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $20,262 |
Total liabilities | $636,857 |
Net assets without donor restrictions | $108,812 |
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 | $745,669 |
Organization Name | Assets | Revenue |
---|---|---|
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Maine Life Care Retirement Community Inc Scarborough, ME | $140,484,243 | $23,531,278 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
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 |