Milbridge Harbor Apartments
- Assets
- $79.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Machias, ME
- Founding
- 10/2006
- Data as of
- 06/2024
- EIN
- 59-3796786
Organization Overview
Milbridge Harbor Apartments is located in Machias, ME. The organization was established in 2006. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Milbridge Harbor Apartments 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 Harbor Apartments generated $42.9k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $50.8k during the year ending 06/2024. 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
FIVE HOMELESS INDIVIDUALS LIVE IN THESE APARTMENTS AND RECEIVE SERVICES FROM OTHER AGENCIES AS NEEDED TO ASSIST THEM IN LIVING SUCCESSFULLY IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Todd Smith Director | 1 | $0 | |
Bill Cody Jr President | 1 | $0 | |
Ronald Jenkins Vice President | 1 | $0 | |
Patricia Sammer Sectreas | 1 | $0 | |
Thomas Michaud Exec Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,154 |
| Total Program Service Revenue | $34,666 |
| Membership dues | $0 |
| Investment income | $126 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,946 |
| 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 | $2,100 |
| Occupancy, rent, utilities, and maintenance | $45,607 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,060 |
| Total expenses | $50,767 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $36,797 |
| Other assets | $0 |
| Total assets | $79,778 |
| Total liabilities | $59,041 |
| Net assets or fund balances | $20,737 |