Eastport Non-Profit Housing Corp
- Assets
- $736.4k
- Revenue
- $225.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Eastport, ME
- Founding
- 04/1975
- Data as of
- 12/2021
- EIN
- 23-7368197
Organization Overview
Eastport Non-Profit Housing Corp is located in Eastport, ME. The organization was established in 1975. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Eastport Non-Profit Housing Corp 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, Eastport Non-Profit Housing Corp generated $225.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $234.7k during the year ending 12/2021. While expenses have increased by 18.1% 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
OFFERS LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW-INCOME HOUSING TO ELDERLY TENANTS.
LOW-INCOME HOUSING TO ELDERLY TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gloria Smith Vice Chair | OfficerTrustee | 5 | $0 |
Jean Peacock Chairperson | OfficerTrustee | 5 | $0 |
Teri Camick Treasurer | OfficerTrustee | 5 | $0 |
Kathryn Lewis Secretary | OfficerTrustee | 5 | $0 |
Brenda Donaghy Manager | Officer | 10 | $0 |
Robert Peacock Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $140,746 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,746 |
| Total Program Service Revenue | $84,841 |
| Investment income | $49 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,636 |
| 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 | $31,690 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,080 |
| Advertising and promotion | $50 |
| Office expenses | $860 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $61,846 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,076 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,689 |
| Insurance | $2,172 |
| All other expenses | $806 |
| Total functional expenses | $234,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,188 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $544,228 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $164,954 |
| Total assets | $736,370 |
| Accounts payable and accrued expenses | $8,635 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,963 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $592,335 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $609,933 |
| Net assets without donor restrictions | $126,437 |
| 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 | $736,370 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring Families Inc Portland, ME | $2,183,456 | $4,430,513 |
Greater Brunswick Housing Corporation Brunswick, ME | $11,831,820 | $3,161,972 |
Habitat For Humanity International Inc Portsmouth, NH | $1,729,669 | $1,174,043 |
Habitat For Humanity International Inc Plymouth, NH | $1,886,611 | $925,959 |
Belmont Elderly Housing Inc Concord, NH | $1,640,108 | $469,467 |
Habitat For Humanity International Inc Topsham, ME | $1,185,536 | $610,759 |
Maine Housing And Building Materials Exchange Sabattus, ME | $648,887 | $277,776 |
Habitat For Humanity International Inc Hollis, NH | $1,415,374 | $379,634 |
Eastport Non-Profit Housing Corp Eastport, ME | $736,370 | $225,636 |
Cmrs Iv Inc Greenfield, NH | $466,235 | $178,234 |
Ingraham Housing Corporation Inc South Portland, ME | $1,642,948 | $195,278 |
Mattawamkeag Housing Corp Bangor, ME | $527,877 | $171,156 |