Community Housing Of Maine Inc
- Assets
- $37.2m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 15
- Location
- Portland, ME
- Founding
- 09/1994
- Data as of
- 06/2022
- EIN
- 01-0490195
Organization Overview
Community Housing Of Maine Inc is located in Portland, ME. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Community Housing Of Maine Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Housing Of Maine 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 06/2022, Community Housing Of Maine Inc generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $4.4m 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
THE ORGANIZATION DEVELOPS AND PROVIDES HOUSING FOR LOW INCOME AND DISADVANTAGED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION DEVELOPS AND MANAGES LOW INCOME HOUSING FOR DISADVANTAGED INDIVIDUALS IN THE STATE OF MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Shapiro President | OfficerTrustee | 0.5 | $0 |
Chip Newell Treasurer | OfficerTrustee | 0.5 | $0 |
Gunnar Hubbard Secretary | OfficerTrustee | 0.5 | $0 |
David Birkhahn Board Member | Trustee | 0.5 | $0 |
Elizabeth Boepple Board Member | Trustee | 0.5 | $0 |
Jan Mccormick Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Davenport Enterprises Llc Maintenance | 6/29/18 | $160,617 |
John's General Contracting Construction | 6/29/18 | $115,065 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,181,163 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,175 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,229,338 |
| Total Program Service Revenue | $4,618,884 |
| Investment income | $2,706 |
| 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 | $5,850,928 |
| 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. | $168,910 |
| Compensation of current officers, directors, key employees. | $168,910 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $673,767 |
| Pension plan accruals and contributions | $75,571 |
| Other employee benefits | $85,370 |
| Payroll taxes | $0 |
| Fees for services: Management | $46,140 |
| Fees for services: Legal | $14,611 |
| Fees for services: Accounting | $21,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,340 |
| Advertising and promotion | $0 |
| Office expenses | $5,353 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,299 |
| Travel | $4,400 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $154,489 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $689,605 |
| Insurance | $118,760 |
| All other expenses | $61,621 |
| Total functional expenses | $4,362,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $952,360 |
| Savings and temporary cash investments | $1,357,822 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,004,510 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,877,540 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $36,132 |
| Net Land, buildings, and equipment | $22,125,152 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,917,199 |
| Intangible assets | $0 |
| Other assets | $2,908,426 |
| Total assets | $37,179,141 |
| Accounts payable and accrued expenses | $188,668 |
| 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 | $22,599,832 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $166,434 |
| Total liabilities | $22,954,934 |
| Net assets without donor restrictions | $14,177,778 |
| Net assets with donor restrictions | $46,429 |
| 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 | $37,179,141 |