Bangor Area Homeless Shelter
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Bangor, ME
- Founding
- 11/1987
- Data as of
- 06/2022
- 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 06/2022, Bangor Area Homeless Shelter employed 33 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 06/2022, Bangor Area Homeless Shelter generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $972.9k during the year ending 06/2022. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 | $81,783 | |
Shareen Palmacci Treasurer | OfficerTrustee | 1 | $0 |
Carolyn Dorfman Secretary | OfficerTrustee | 1 | $0 |
Pat Kimball Vice President | OfficerTrustee | 1 | $0 |
Lisa Neal Shaw President | OfficerTrustee | 1 | $0 |
John K Hamer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $741,324 |
| All other contributions, gifts, grants, and similar amounts not included above | $459,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,645 |
| Total Program Service Revenue | $29,976 |
| Investment income | $109,419 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,630 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,395,691 |
| 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. | $81,783 |
| Compensation of current officers, directors, key employees. | $24,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $566,156 |
| Pension plan accruals and contributions | $4,270 |
| Other employee benefits | $54,833 |
| Payroll taxes | $57,208 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,745 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $70,317 |
| Travel | $1,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,001 |
| Interest | $5,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,693 |
| Insurance | $30,631 |
| All other expenses | $13,810 |
| Total functional expenses | $972,878 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200,178 |
| Savings and temporary cash investments | $25,589 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,098 |
| 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 | $8,177 |
| Net Land, buildings, and equipment | $502,204 |
| Investments—publicly traded securities | $1,331,151 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,173,397 |
| Accounts payable and accrued expenses | $39,748 |
| 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 | $419,403 |
| Net assets without donor restrictions | $1,718,262 |
| Net assets with donor restrictions | $35,732 |
| 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 | $2,173,397 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bangor Area Homeless Shelter has recieved totaling $28,500.
| Awarding Organization | Amount |
|---|---|
Edward And Mary Ellen Darling Family Foundation Brewer, ME PURPOSE: PUBLIC SUPPORT | $20,000 |
Machias Savings Bank Community Development Foundation Machias, ME PURPOSE: PROGRAM SUPPORT GRANT | $5,000 |
Atlantic Residential Resource Beaufort, SC PURPOSE: SUPPORT FOR HOMELESS, DOMESTIC VIOLENCE, AND SUBSTANCE ABUSE PROGRAMS | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cross Roads House Inc Portsmouth, NH | $9,120,003 | $3,626,882 |
Mid-Maine Homeless Shelter Inc Waterville, ME | $5,852,733 | $2,758,283 |
Bread Of Life Ministries Inc Augusta, ME | $4,648,721 | $1,959,262 |
Tedford Housing Brunswick, ME | $6,234,793 | $1,692,245 |
Bangor Area Homeless Shelter Bangor, ME | $2,173,397 | $1,395,691 |
Homeless Services Of Aroostook Presque Isle, ME | $460,847 | $696,532 |
Seacoast Family Promise Exeter, NH | $1,986,993 | $715,533 |
My Friends Place Inc Dover, NH | $909,709 | $569,495 |
Fair Tide Inc Kittery, ME | $1,672,380 | $1,248,734 |
Helping Hand Outreach Ministries Manchester, NH | $742,766 | $324,784 |
Homeless Center For Stratford County Rochester, NH | $1,638,042 | $580,444 |
Friendship House So Portland, ME | $418,587 | $0 |