Maine Veterans Home
- Assets
- $187.3m
- Revenue
- $126.3m
- Investments
- $0.0
- Employees
- 1,434
- Location
- Augusta, ME
- Founding
- 09/1981
- Data as of
- 06/2020
- EIN
- 01-0376832
Organization Overview
Maine Veterans Home is located in Augusta, ME. The organization was established in 1981. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Maine Veterans Home employed 1,434 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Veterans Home 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 06/2020, Maine Veterans Home generated $126.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $101.4m during the year ending 06/2020. While expenses have increased by 1.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
MAINE VETERANS' HOMES PROVIDES SKILLED NURSING AND REHABILITATION, LONG TERM CARE, MEMORY CARE, PHARMACY SUPPORT AND CONSULTATION, AND ASSISTED LIVING SERVICES FOR VETERANS AND ELIGIBLE FAMILY MEMBERS AT SIX FACILITIES ACROSS MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINE VETERANS' HOMES BANGOR OPERATES 150 BEDS, PROVIDING SKILLED NURSING, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND REHABILITATION, LONG-TERM CARE, MEMORY CARE, AND ASSISTED LIVING SERVICES. DURING FISCAL YEAR 2021, WE PROVIDED 41,150 DAYS OF CARE TO 225 RESIDENTS. EFFORTS TO PROTECT OUR RESIDENTS FROM THE CORONAVIRUS WERE ALL CONSUMING IN THIS FISCAL YEAR.
MAINE VETERANS' HOMES SCARBOROUGH OPERATES 150 BEDS, PROVIDING SKILLED NURSING, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND REHABILITATION, LONG-TERM CARE, MEMORY CARE, AND ASSISTED LIVING SERVICES. DURING FY21, WE PROVIDED 38,799 DAYS OF CARE TO 205 RESIDENTS. EFFORTS TO PROTECT OUR RESIDENTS FROM THE CORONAVIRUS WERE ALL CONSUMING IN THIS FISCAL YEAR.
MAINE VETERANS' HOMES AUGUSTA OPERATES 150 BEDS, PROVIDING SKILLED NURSING, PHYSICAL/OCCUPATIONAL/SPEECH THERAPY AND REHABILITATION, LONG-TERM CARE, MEMORY CARE, AND ASSISTED LIVING SERVICES. DURING FY21, WE PROVIDED 37,744 DAYS OF CARE TO 181 RESIDENTS. EFFORTS TO PROTECT OUR RESIDENTS FROM THE CORONAVIRUS WERE ALL CONSUMING IN THIS FISCAL YEAR.
WE OPERATE THREE ADDITIONAL FACILITIES IN MAINE, ONE IN SOUTH PARIS (90 BEDS), CARIBOU (70 BEDS) AND MACHIAS (30 BEDS). DURING FY21, WE PROVIDED A COMBINED TOTAL OF 52,720 DAYS OF CARE TO 278 RESIDENTS. MVH PHARMACIES PROVIDES MEDICATION AND CONSULTING SERVICES TO ALL SIX MVH FACILITIES AND EXTERNAL NURSING HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelley Kash Chief Executive Officer | Officer | 40 | $234,440 |
James Mcquaid Chief Pharmacy Officer | 40 | $209,552 | |
Debra Fournier Chief Operations Officer | Officer | 40 | $192,874 |
Jeffrey Church Pharmacist | 40 | $175,302 | |
Neil Thurlow Assistant Director Of Pharmacy | 40 | $172,291 | |
Kevin Brooks Chief Financial Officer | Officer | 40 | $171,921 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cianbro Square General Contractor | 6/29/21 | $27,226,653 |
Hudson Staffing Pllc Contract Nursing | 6/29/21 | $2,226,397 |
Select Rehabilitation Inc Rehabilitation Services | 6/29/21 | $681,023 |
Cary Medical Center Meal, Laundry And Other Services | 6/29/21 | $500,545 |
Aaa Energy Service Company Energy Service | 6/29/21 | $458,558 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,026,128 |
| Investment income | $926,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$4,121 |
| Net Gain/Loss on Asset Sales | $1,416,343 |
| Net Income from Fundraising Events | $6,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,730,884 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,323,581 |
| Statement of Expenses | |
|---|---|
| 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. | $691,003 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,691,026 |
| Pension plan accruals and contributions | $5,997,555 |
| Other employee benefits | $5,895,353 |
| Payroll taxes | $631,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $129,177 |
| Fees for services: Accounting | $74,075 |
| Fees for services: Lobbying | $72,036 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,928 |
| Fees for services: Other | $8,727,813 |
| Advertising and promotion | $186,069 |
| Office expenses | $1,373,517 |
| Information technology | $629,203 |
| Royalties | $0 |
| Occupancy | $2,520,268 |
| Travel | $121,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,062 |
| Interest | $55,511 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,093,154 |
| Insurance | $914,881 |
| All other expenses | $0 |
| Total functional expenses | $101,373,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,360,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,599,465 |
| Accounts receivable, net | $6,001,804 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,134,720 |
| Prepaid expenses and deferred charges | $613,779 |
| Investments—publicly traded securities | $35,404,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,978,035 |
| Other assets | $7,593,757 |
| Total assets | $187,313,138 |
| Accounts payable and accrued expenses | $13,043,550 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $7,086,516 |
| Other liabilities | $24,921,708 |
| Total liabilities | $45,051,774 |
| 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 |
| Total liabilities and net assets/fund balances | $142,261,364 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maine Veterans Home has recieved totaling $300.
| Awarding Organization | Amount |
|---|---|
Saco & Biddeford Savings Charitable Foundation Saco, ME PURPOSE: GENERAL OPERATING SUPPORT | $300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maine Veterans Home Augusta, ME | $187,313,138 | $126,323,581 |
Cedars Nursing Care Center Inc Portland, ME | $48,978,261 | $12,452,780 |
Saint Josephs Manor Portland, ME | $7,806,852 | $12,186,312 |
Jha Services Inc Portland, ME | $8,579,539 | $14,615,919 |
Salemhaven Inc Salem, NH | $10,755,688 | $12,544,295 |
Quarry Hill Belfast, ME | $16,044,007 | $10,837,530 |
Lincolnhealth Coves Edge Damariscotta, ME | $9,929,778 | $12,022,430 |
Morrison Hospital Association Whitefield, NH | $30,208,947 | $12,290,092 |
St Andre Health Care Facility Biddeford, ME | $6,597,433 | $11,093,505 |
Wentworth Senior Living Portsmouth, NH | $18,229,591 | $8,131,097 |
Island Nursing Home Inc Deer Isle, ME | $4,961,696 | $5,993,790 |
Rumford Community Home Corporation Rumford, ME | $5,203,467 | $5,423,127 |