Cei Housing Inc
- Assets
- $2.6m
- Revenue
- $825.7k
- Investments
- $1.7k
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 03/1995
- Data as of
- 09/2021
- EIN
- 22-3080013
Organization Overview
Cei Housing Inc is located in Brunswick, ME. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cei Housing 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 09/2021, Cei Housing Inc generated $825.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $895.6k during the year ending 09/2021. 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 PROVIDE AFFORDABLE RENTAL, HOME OWNERSHIP, SUPPORTED HOUSING AND RELATED SERVICES PRIMARILY TARGETED TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES THAT QUALIFY UNDER HUD GUIDELINES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE RENTAL, HOME OWNERSHIP, SUPPORTED HOUSING AND RELATED SERVICES PRIMARILY TARGETED TO LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES THAT QUALIFY UNDER HUD GUIDELINES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Bisson Board Chair | OfficerTrustee | 1 | $0 |
David Wedick Director | Trustee | 1 | $0 |
Jenny Rottmann Director | Trustee | 1 | $0 |
Laura Buxbaum Director | Trustee | 1 | $0 |
John Egan Director | Trustee | 1 | $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 | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500 |
| Total Program Service Revenue | $732,952 |
| Investment income | $518 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$115,397 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $825,661 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $85,622 |
| Fees for services: Legal | $7,555 |
| Fees for services: Accounting | $11,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,873 |
| Advertising and promotion | $698 |
| Office expenses | $1,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $202,551 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,045 |
| Insurance | $67,867 |
| All other expenses | $0 |
| Total functional expenses | $895,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,420 |
| Savings and temporary cash investments | $170,644 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,022 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,874,678 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,654 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,922 |
| Total assets | $2,587,340 |
| Accounts payable and accrued expenses | $416,782 |
| Grants payable | $0 |
| Deferred revenue | $1,501 |
| 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 | $1,925,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,138 |
| Total liabilities | $2,355,463 |
| Net assets without donor restrictions | $231,877 |
| 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 | $2,587,340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Taylor Home Laconia, NH | $85,135,801 | $21,418,139 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
Group Main Stream Inc Westbrook, ME | $5,117,490 | $12,271,030 |
Scott-Farrar Home Peterborough, NH | $20,723,129 | $5,884,459 |
Housing Initiatives Of New England Scarborough, ME | $75,729,157 | $7,030,512 |
Maine Childrens Home For Little Wanderers Waterville, ME | $10,545,636 | $2,193,841 |
Sunset Home Of Waterville Waterville, ME | $4,930,472 | $1,213,305 |
Cei Housing Inc Brunswick, ME | $2,587,340 | $825,661 |
Crisis Center Of Central New Hampshire Concord, NH | $825,782 | $928,604 |
Hancock County Homes Foundation Ellsworth, ME | $1,528,547 | $695,890 |
Deborah Lincoln House Belfast, ME | $4,817,279 | $222,148 |
Courtyard Affordable Housing Corp Augusta, ME | $3,165,101 | $653,150 |