Bangor Area Homeless Shelter
- Assets
- $2.6m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 29
- Location
- Bangor, ME
- Founding
- 11/1987
- Data as of
- 06/2023
- EIN
- 01-0412267
Organization Overview
Bangor Area Homeless Shelter is located in Bangor, ME. The organization was established in 1987. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Bangor Area Homeless Shelter employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bangor Area Homeless Shelter 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 06/2023, Bangor Area Homeless Shelter generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 1.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMERGENCY FOOD AND SHELTER TO THE AREA HOMELESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EMERGENCY SHELTER AND FOOD FOR THE HOMELESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Boyd Kronholm Executive Director | 40 | $82,766 | |
Lyndsey Violette Treasurer | OfficerTrustee | 1 | $0 |
William Nealey Director | Trustee | 1 | $0 |
Larry Geaghan Director | Trustee | 1 | $0 |
Dan Saunders Director | Trustee | 1 | $0 |
Maulian Dana Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $279,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,608 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,115,675 |
| Total Program Service Revenue | $45,276 |
| Investment income | $108,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,463 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,579 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,340,925 |
| 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. | $82,766 |
| Compensation of current officers, directors, key employees. | $24,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $591,489 |
| Pension plan accruals and contributions | $7,750 |
| Other employee benefits | $52,021 |
| Payroll taxes | $66,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,419 |
| Advertising and promotion | $0 |
| Office expenses | $3,706 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,878 |
| Travel | $2,770 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,222 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,650 |
| Insurance | $19,618 |
| All other expenses | $12,668 |
| Total functional expenses | $1,019,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,229 |
| Savings and temporary cash investments | $147,439 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $83,265 |
| 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 | $18,306 |
| Net Land, buildings, and equipment | $815,616 |
| Investments—publicly traded securities | $1,386,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,565,273 |
| Accounts payable and accrued expenses | $107,707 |
| 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 | $379,655 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $487,362 |
| Net assets without donor restrictions | $2,058,643 |
| Net assets with donor restrictions | $19,268 |
| 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 | $2,565,273 |