Vernon Continuing Care Homes Inc is located in Kittery, ME. The organization was established in 1992. 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, Vernon Continuing Care Homes Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vernon Continuing Care Homes 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 12/2021, Vernon Continuing Care Homes Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 1.7% 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
CONTINUING CARE FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOME IS DEVOTED TO ESTABLISHING A CONTINUING CARE HOME FOR THE ELDERLY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Larry Knowles Executive Di | Officer | 40 | $122,095 |
Glenda Dwyer Chairman | OfficerTrustee | 0.5 | $0 |
Judy Jewett Recorder | OfficerTrustee | 0.5 | $0 |
Scott Towle Treasurer | OfficerTrustee | 0.5 | $0 |
Rev David Alves Board Member | Trustee | 0.5 | $0 |
Rev Bruce Burks Board Member | Trustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $28,650 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $5,461 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $34,111 |
Total Program Service Revenue | $1,304,415 |
Investment income | $36,916 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $78,053 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,453,495 |
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. | $122,095 |
Compensation of current officers, directors, key employees. | $122,095 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $149,339 |
Pension plan accruals and contributions | $8,021 |
Other employee benefits | $0 |
Payroll taxes | $21,378 |
Fees for services: Management | $0 |
Fees for services: Legal | $37,874 |
Fees for services: Accounting | $44,519 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $3,259 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $336,075 |
Travel | $3,021 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $93,580 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $247,576 |
Insurance | $58,208 |
All other expenses | $600 |
Total functional expenses | $1,194,028 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $606,618 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $315 |
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 | $19,273 |
Net Land, buildings, and equipment | $3,342,784 |
Investments—publicly traded securities | $2,468,569 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $618,115 |
Total assets | $7,055,674 |
Accounts payable and accrued expenses | $58,554 |
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 | $2,199,931 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $116,037 |
Total liabilities | $2,374,522 |
Net assets without donor restrictions | $4,681,152 |
Net assets with donor restrictions | $0 |
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 | $7,055,674 |
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---|---|---|
Birch Hill Terrace Manchester, NH | $49,349,537 | $13,228,793 |
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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 |
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