Rocky Coast Housing Inc
- Assets
- $823.9k
- Revenue
- $65.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 09/2005
- Data as of
- 06/2022
- EIN
- 83-0419813
Organization Overview
Rocky Coast Housing Inc is located in Portland, ME. The organization was established in 2005. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Coast 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 06/2022, Rocky Coast Housing Inc generated $65.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $71.2k during the year ending 06/2022. While expenses have increased by 2.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR QUALIFIED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A LOW-INCOME HOUSING COMPLEX FOR QUALIFIED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Shapiro Director | OfficerTrustee | 1 | $0 |
Chip Newell Director | OfficerTrustee | 1 | $0 |
Gunnar Hubbard Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,149 |
| 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 | $32,149 |
| Total Program Service Revenue | $32,883 |
| Investment income | $164 |
| 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 | $65,196 |
| 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 | $4,334 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81 |
| Office expenses | $5,675 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,900 |
| Insurance | $2,228 |
| All other expenses | $191 |
| Total functional expenses | $71,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,484 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,176 |
| 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 | $2,082 |
| Net Land, buildings, and equipment | $693,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $600 |
| Total assets | $823,910 |
| Accounts payable and accrued expenses | $11,527 |
| Grants payable | $0 |
| Deferred revenue | $4,457 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $201,882 |
| Total liabilities | $217,866 |
| Net assets without donor restrictions | $0 |
| 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 | $475,800 |
| Retained earnings, endowment, accumulated income, or other funds | $130,244 |
| Total liabilities and net assets/fund balances | $823,910 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise Opportunities Machias, ME | $5,132,485 | $9,647,094 |
Mountain Valley Treatment Center Orford, NH | $5,489,864 | $6,851,291 |
Coastal Opportunities Camden, ME | $15,070,102 | $5,390,551 |
Farmsteads Of New England Inc Hillsborough, NH | $2,714,410 | $4,205,652 |
El Rancho De La Vida Hinckley, ME | $49,620 | $281,164 |
Stop Addiction New England Inc Bangor, ME | $2,208 | $0 |
Fellowship House Inc Concord, NH | $364,417 | $0 |
Rocky Coast Housing Inc Portland, ME | $823,910 | $65,196 |