Eldercare Network Of Lincoln County
- Assets
- $3.4m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 72
- Location
- Damariscotta, ME
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 01-0504725
Organization Overview
Eldercare Network Of Lincoln County is located in Damariscotta, ME. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Eldercare Network Of Lincoln County employed 72 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eldercare Network Of Lincoln County 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 12/2021, Eldercare Network Of Lincoln County generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER AND SUPPORT SHARED HOUSING, ADULT FAMILY CARE HOMES AND OTHER SUPPORTIVE HOUSING OPPORTUNITIES FOR THE ELDERLY IN LINCOLN COUNTY, MAINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE RESIDENTIAL FACILITIES AND CARE FOR SENIOR CITIZENS UNABLE TO LIVE ALONE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Mahoney Executive Director | Trustee | 40 | $45,600 |
Allan Teel President | OfficerTrustee | 10 | $0 |
Samuel Kaymen Treasurer | OfficerTrustee | 3 | $0 |
Claire Mocarski Secretary | OfficerTrustee | 2 | $0 |
Michael Hope Board Member | Trustee | 0.5 | $0 |
Les Fossel Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $477,571 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $477,571 |
| Total Program Service Revenue | $1,609,156 |
| Investment income | $34,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,995 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,079,365 |
| 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. | $1,664,311 |
| Compensation of current officers, directors, key employees. | $280,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $123,779 |
| 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 | $59,682 |
| Advertising and promotion | $10,220 |
| Office expenses | $16,614 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,041 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,159 |
| Insurance | $72,972 |
| All other expenses | $62,550 |
| Total functional expenses | $2,573,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $261,288 |
| Savings and temporary cash investments | $318,553 |
| Pledges and grants receivable | $970 |
| Accounts receivable, net | $180,717 |
| 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 | $14,843 |
| Net Land, buildings, and equipment | $2,627,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,755 |
| Total assets | $3,411,459 |
| Accounts payable and accrued expenses | $69,985 |
| 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 | $1,746,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $456,285 |
| Total liabilities | $2,272,414 |
| Net assets without donor restrictions | $416,973 |
| Net assets with donor restrictions | $722,072 |
| 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 | $3,411,459 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Eldercare Network Of Lincoln County has recieved totaling $46,160.
| Awarding Organization | Amount |
|---|---|
Burns Family Foundation Inc Damariscotta, ME PURPOSE: GENERAL OPERATIONS SUPPORT | $25,000 |
Maine Community Foundation Inc Ellsworth, ME PURPOSE: Supportive Housing for Older Adults, Transportation | $21,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $60 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Birch Hill Terrace Manchester, NH | $49,349,537 | $13,228,793 |
Alternative Services Northeast Inc Lewiston, ME | $7,472,249 | $11,957,083 |
Alice Peck Day Lifecare Center Inc Lebanon, NH | $30,340,457 | $9,958,367 |
Home For The Aged Portland, ME | $36,502,674 | $7,577,034 |
New Hampshire Odd Fellows Home Concord, NH | $10,208,376 | $10,203,382 |
Senior Living Of Bedford Bedford, NH | $40,223,791 | $3,821,536 |
Independent Order Of Odd Fellows Auburn, ME | $4,021,849 | $4,169,820 |
Lincoln Home Newcastle, ME | $6,928,285 | $4,384,248 |
Senior Housing Of New Hampshire Inc Meredith, NH | $18,998,467 | $3,691,929 |
Visiting Nurse Home Care & Hospice Of Carroll County North Conway, NH | $5,715,671 | $4,013,115 |
Penacook Assisted Living Facility Inc Concord, NH | $6,039,581 | $3,141,981 |
Eldercare Network Of Lincoln County Damariscotta, ME | $3,411,459 | $3,079,365 |