Milbridge Residence
- Assets
- $407.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Machias, ME
- Founding
- 11/1996
- Data as of
- 06/2024
- EIN
- 01-0507931
Organization Overview
Milbridge Residence is located in Machias, ME. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milbridge Residence 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 06/2024, Milbridge Residence generated $110.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $102.0k during the year ending 06/2024. While expenses have increased by 0.6% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
MILBRIDGE RESIDENCE OPERATES A 6 UNIT HOUSING COMPLEX WHICH PROVIDES RESIDENTIAL SERVICES TO ADULTS WITH DISABILITIES IN MILBRIDGE, MAINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Jenkins Vice President | 1 | $0 | |
Bill Cody President | 1 | $0 | |
Thomas Michaud Jr Executive Director | 1 | $0 | |
Patricia Sammer Sectreas | 1 | $0 | |
M Todd Smith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $109,129 |
| Membership dues | $0 |
| Investment income | $854 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,983 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,725 |
| Occupancy, rent, utilities, and maintenance | $67,549 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,749 |
| Total expenses | $102,023 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $152 |
| Other assets | $0 |
| Total assets | $406,970 |
| Total liabilities | $13,683 |
| Net assets or fund balances | $393,287 |