Calais Methodist Home INC FY2020 filing

Tax-deductible

Calais, ME501(c)(3)HousingEIN 01-0317698Revenue $784K in FY2020

On file with the IRS116 Palmer St, 04619-1336 · Calais, METax-exempt since Jan 2003Publicly supported — 509(a)(2)

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Calais Methodist Homes Inc is an independent living community for retiring seniors.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $157K a year · 18% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.8M
92% of total assets
Concern: liabilities are 92% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$784K
Spent
$942K
To programs
79%
Net assets
$431K
By yearFY2020–FY2024
Revenue
$784K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$784K
FY2021$780K
FY2022$765K
FY2023$968K
FY2024$1.1M
Expenses
$942K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$942K
FY2021$983K
FY2022$1.1M
FY2023$1.1M
FY2024$1.1M
Net assets
$431K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$431K
FY2021$246K
FY2022−$42K
FY2023−$173K
FY2024−$305K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $743K Management & general 21% · $200K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Adminstrator
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman, Treasurer
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Calais Methodist Home INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides independent living for retiring seniors.

Questions for Calais Methodist Home INC

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Provided by the organization

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1 program · $743K · in their own filed words · FY2020
01

Operating ninety residential rental units near capacity.

$743Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$784K
Ln 12
Fees for servicesLn 2g$526K
Gifts and grantsLn 1h$233K
Investment incomeLn 3$23K
Money outPt IX
$942K
Ln 25
Programscol B$743K
Managementcol C$200K
Owns and owesPt X
$431K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$5.2M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$233K
Government grantsLn 1e$233K
Fees for servicesLn 2g$526K
Investment incomeLn 3$23K
Other incomeLn 4–11$3K
Total revenueLn 12$784K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.2M
Land, buildings, equipmentLn 10c$3.9M
Other assetsLn 15$49K
Total assetsLn 16$5.2M
LiabilitiesLn 26$4.8M
Net assetsLn 32$431K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.2M$1.2M
Land, buildings, equipmentLn 10c$4.1M$3.9M
Total assetsLn 16$5.4M$5.2M
LiabilitiesLn 26$4.8M$4.8M
Net assetsLn 32$589K$431K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$347K$172K$176K
Legal feesLn 11b$398$398
Accounting feesLn 11c$7K$7K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$303$303
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$174K$174K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$51K$51K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$214K$214K
InsuranceLn 23$13K$5K$7K
Other expenses (24a–d)Ln 24$125K$125K
All other expensesLn 24e$6K$2K$4K
Total functional expensesLn 25$942K$743K$200K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.1M−$5K−$305K 990 PDF
FY2023 $968K$1.1M−$131K−$173K 990 PDF
FY2022 $765K$1.1M−$288K−$42K 990 PDF
FY2021 $780K$983K−$203K$246K 990 PDF
FY2020 Viewing $784K$942K−$158K$431K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $784,249 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $241,883$233,204
I-9 Program service revenuePrior year $514,018$525,792
I-10 Investment incomePrior year $26,891$22,743
I-11 Other revenuePrior year $1,758$2,510
I-12 Total revenuePrior year $784,550$784,249
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $230,033$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $730,736$942,368
I-18 Total expensesPrior year $960,769$942,368
I-19 Revenue less expensesPrior year −$176,219−$158,119
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $784,249 across 5 lines filed
Lines not itemized here account for $2,510 of total revenue; see the IRS return.
VIII-1e Government grants$233,204
VIII-1h Total contributions, gifts and grants$233,204
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $525,792$525,792
VIII-3 Investment incomeExcluded from tax $22,743$22,743
VIII-12 Total revenueRelated to mission $528,302 · Excluded from tax $22,743$784,249
Part IX · Statement of functional expenses $942,368 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $171,600 · Management $175,703$347,303
IX-11b Legal feesManagement $398$398
IX-11c Accounting feesManagement $7,350$7,350
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $303$303
IX-13 Office expensesManagement $5,026$5,026
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $174,202$174,202
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $50,785$50,785
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $213,620$213,620
IX-23 InsurancePrograms $5,309 · Management $7,284$12,593
IX-24 Other expenses (24a–d)Programs $124,894$124,894
IX-24e All other expensesPrograms $1,798 · Management $4,096$5,894
IX-25 Total functional expensesPrograms $742,511 · Management $199,857 · Fundraising $0$942,368
Part X · Balance sheet $5,237,345 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $178,259$85,744
X-2 Savings and temporary cash investmentsStart of year $983,603$1,127,114
X-8 Inventories for sale or useStart of year $19,225$17,639
X-9 Prepaid expenses and deferred chargesStart of year $71,127$13,314
X-10c Land, buildings and equipment, netStart of year $4,089,411$3,944,920
X-15 Other assetsStart of year $45,430$48,614
X-16 Total assetsStart of year $5,387,055$5,237,345
X-17 Accounts payable and accrued expensesStart of year $57,857$12,570
X-19 Deferred revenueStart of year $136,184$187,129
X-26 Total liabilitiesStart of year $4,798,332$4,806,741
X-27 Net assets without donor restrictionsStart of year $588,723$430,604
X-32 Total net assets or fund balancesStart of year $588,723$430,604
X-33 Total liabilities and net assetsStart of year $5,387,055$5,237,345
Part XI · Reconciliation of net assets $430,604 net assets at year end
XI-1 Total revenue$784,249
XI-2 Total expenses$942,368
XI-3 Revenue less expenses−$158,119
XI-4 Net assets at start of year$588,723
XI-10 Net assets at end of year$430,604

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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