Maine Housing And Building Materials Exchange
- Assets
- $648.9k
- Revenue
- $277.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Sabattus, ME
- Founding
- 11/1988
- Data as of
- 06/2022
- EIN
- 01-0438695
Organization Overview
Maine Housing And Building Materials Exchange is located in Sabattus, ME. The organization was established in 1988. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Maine Housing And Building Materials Exchange employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maine Housing And Building Materials Exchange 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, Maine Housing And Building Materials Exchange generated $277.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $250.1k during the year ending 06/2022. 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
TO BENEFIT LOW INCOME HOMEOWNERS NEW AND RECYCLED BUILDINGS MATERIALS AT AN AFFORDABLE PRICE AND TO EDUCATE LOW INCOME HOMEOWNERS ON PRODUCT AWARENESS, CONSTRUCTION MATERIALS AND INSTALLATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE NEW AND RECYCLED BUILDING MATERIAL TO LOW INCOME HOMEOWNERS AT 75% OF RETAIL VALUE. EDUCATE LOW INCOME HOMEOWNERS ON PRODUCT AWARENESS AND CONSTRUCTION MATERIALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Taggart Treasurer | OfficerTrustee | 3 | $0 |
Shane T Wright President | OfficerTrustee | 2 | $0 |
George Roy Vice President | OfficerTrustee | 2 | $0 |
Hal Barter Director | Trustee | 2 | $0 |
Ted Small Director | Trustee | 2 | $0 |
Ryan Smith Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,339 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,992 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,561 |
| Noncash contributions included in lines 1a–1f | $159,561 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,892 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,227 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $86,106 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,776 |
| 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 | $98,793 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,424 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,395 |
| Advertising and promotion | $47 |
| Office expenses | $371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,507 |
| Travel | $906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,250 |
| Insurance | $13,062 |
| All other expenses | $19,416 |
| Total functional expenses | $250,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $262,918 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $291,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $648,887 |
| Accounts payable and accrued expenses | $57,394 |
| 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 | $217,075 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $274,469 |
| Net assets without donor restrictions | $369,118 |
| Net assets with donor restrictions | $5,300 |
| 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 | $648,887 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring Families Inc Portland, ME | $2,183,456 | $4,430,513 |
Greater Brunswick Housing Corporation Brunswick, ME | $11,831,820 | $3,161,972 |
Habitat For Humanity International Inc Portsmouth, NH | $1,729,669 | $1,174,043 |
Habitat For Humanity International Inc Plymouth, NH | $1,886,611 | $925,959 |
Belmont Elderly Housing Inc Concord, NH | $1,640,108 | $469,467 |
Habitat For Humanity International Inc Topsham, ME | $1,185,536 | $610,759 |
Maine Housing And Building Materials Exchange Sabattus, ME | $648,887 | $277,776 |
Habitat For Humanity International Inc Hollis, NH | $1,415,374 | $379,634 |
Eastport Non-Profit Housing Corp Eastport, ME | $736,370 | $225,636 |
Cmrs Iv Inc Greenfield, NH | $466,235 | $178,234 |
Ingraham Housing Corporation Inc South Portland, ME | $1,642,948 | $195,278 |
Mattawamkeag Housing Corp Bangor, ME | $527,877 | $171,156 |