Eldercare Network Of Lincoln County
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 64
- Location
- Damariscotta, ME
- Founding
- 06/1997
- Data as of
- 12/2022
- 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 12/2022, Eldercare Network Of Lincoln County employed 64 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 12/2022, Eldercare Network Of Lincoln County generated $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. 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 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 |
|---|---|---|---|
Michael Hope Vice President | OfficerTrustee | 5 | $0 |
Allan Teel Executive Director | Trustee | 40 | $43,269 |
Claire Mocarski Secretary | OfficerTrustee | 2 | $0 |
Les Fossel President | OfficerTrustee | 10 | $0 |
Susan Wilson Board Member | Trustee | 0.5 | $0 |
Susan Glueck Treasurer | OfficerTrustee | 3 | $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 | $345,484 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,484 |
| Total Program Service Revenue | $1,592,586 |
| Investment income | $385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,989,936 |
| 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. | $1,603,942 |
| Compensation of current officers, directors, key employees. | $310,686 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $116,077 |
| 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 | $89,909 |
| Advertising and promotion | $2,738 |
| Office expenses | $17,025 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $86,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,540 |
| Insurance | $60,048 |
| All other expenses | $40,609 |
| Total functional expenses | $2,594,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,410 |
| Accounts receivable, net | $218,393 |
| 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 | $17,512 |
| Net Land, buildings, and equipment | $2,193,482 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,106 |
| Total assets | $2,711,591 |
| Accounts payable and accrued expenses | $78,326 |
| 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 | $1,624,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $474,831 |
| Total liabilities | $2,177,229 |
| Net assets without donor restrictions | -$75,984 |
| Net assets with donor restrictions | $610,346 |
| 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 | $2,711,591 |