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Hermon Elderly Project FY2022 filing

Tax-deductible

Bangor, ME501(c)(3)Human Services EIN 01-0367846Revenue $164K in FY2022Latest return filed Oct 28, 2025

On file with the IRSBangor, METax-exempt since May 1983Publicly supported — 509(a)(2)

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To provide subsidized and low cost housing units to the Elderly and poor in the greater bangor, maine area.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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 $50K a year · 31% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
137% of total assets
Concern: liabilities are 137% 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
$164K
+4% vs prior year
Spent
$210K
To programs
94%
Net assets
−$310K
By yearFY2020–FY2024
Revenue
$164K
FY2022▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2021$158K
FY2022$164K
FY2023$168K
FY2024$171K
Expenses
$210K
FY2022<0.01%
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$210K
FY2022$210K
FY2023$227K
FY2024$208K
Net assets
−$310K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020−$212K
FY2021−$264K
FY2022−$310K
FY2023−$369K
FY2024−$406K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 May 1983.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $198K Management & general 6% · $12K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Jeff Byers
Director
$0Pt VII · Sec A
Steven Clark
Director
$0Pt VII · Sec A
Danny Cliff
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Ruth Plourde
Director
$0Pt VII · Sec A
Dale Porter
Secretary
$0Pt VII · Sec A
Tim Schoppe
Director
$0Pt VII · Sec A
Kristine Selleck
Vice Preside
$0Pt VII · Sec A
See Hermon Elderly Project executive salaries →

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 15aNo

Programs and updates

Offers affordable housing for seniors and low-income individuals in the Bangor, Maine area.

Questions for Hermon Elderly Project

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1 program · $198K · in their own filed words · FY2022
01

Provided 24 units of low income elderly housing to residents in the greater bangor, maine area.

$198Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $1.2M federal money spent
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$1.2M
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$38K

The auditor reported no findings.

Year ending Dec 2024 · $1.2M federal money spent
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$1.2M
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$41K

The auditor reported no findings.

Year ending Dec 2023 · $1.2M federal money spent
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$1.2M
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$40K

The auditor reported no findings.

Year ending Dec 2022 · $1.2M federal money spent
Rural Rental Housing LoansDepartment of Agriculture · ALN 10.415 · Direct$1.2M
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$41K

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$164K
Ln 12
Fees for servicesLn 2g$161K
Other incomeLn 4–11$3K
Investment incomeLn 3$80
Money outPt IX
$210K
Ln 25
Programscol B$198K
Managementcol C$12K
Owns and owesPt X
−$310K
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$841K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$161K
Investment incomeLn 3$80
Other incomeLn 4–11$3K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$136K
Cash and savings togetherLn 1–2$150K
Accounts receivableLn 4$46
Prepaid expenses and deferred chargesLn 9$8K
Land, buildings, equipmentLn 10c$682K
Intangible assetsLn 14$2K
Total assetsLn 16$841K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$310K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$148K$150K
Land, buildings, equipmentLn 10c$730K$682K
Total assetsLn 16$884K$841K
LiabilitiesLn 26$1.1M$1.2M
Net assetsLn 32−$264K−$310K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$22K$16K$5K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$106$106
Office expensesLn 13$366$366
OccupancyLn 16$70K$69K$600
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$58K$58K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$210K$198K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 28, 2025 $171K$208K−$37K−$406K 990 PDF
FY2023Filed with the IRS Sep 23, 2024 $168K$227K−$59K−$369K 990 PDF
FY2022 ViewingFiled with the IRS Nov 16, 2023 $164K$210K−$46K−$310K 990 PDF
FY2021Filed with the IRS Nov 2, 2022 $158K$210K−$52K−$264K 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $151K$209K−$57K−$212K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $164,208 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $155,068$161,480
I-10 Investment incomePrior year $81$80
I-11 Other revenuePrior year $3,006$2,648
I-12 Total revenuePrior year $158,155$164,208
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $210,214$210,215
I-18 Total expensesPrior year $210,214$210,215
I-19 Revenue less expensesPrior year −$52,059−$46,007
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $164,208 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $161,480$161,480
VIII-3 Investment incomeExcluded from tax $80$80
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,648$2,648
VIII-12 Total revenueRelated to mission $161,480 · Excluded from tax $2,728$164,208
Part IX · Statement of functional expenses $210,215 across 9 lines filed
IX-11a Management feesPrograms $16,200 · Management $5,400$21,600
IX-11c Accounting feesManagement $6,100$6,100
IX-12 Advertising and promotionPrograms $106$106
IX-13 Office expensesPrograms $366$366
IX-16 OccupancyPrograms $69,194 · Management $600$69,794
IX-20 InterestPrograms $33,665$33,665
IX-22 Depreciation, depletion and amortizationPrograms $58,411$58,411
IX-23 InsurancePrograms $9,173$9,173
IX-24 Other expenses (24a–d)Programs $11,000$11,000
IX-25 Total functional expensesPrograms $198,115 · Management $12,100 · Fundraising $0$210,215
Part X · Balance sheet $840,778 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $5,169$13,619
X-2 Savings and temporary cash investmentsStart of year $142,417$135,883
X-4 Accounts receivable$46
X-9 Prepaid expenses and deferred chargesStart of year $4,851$8,009
X-10c Land, buildings and equipment, netStart of year $729,504$681,597
X-14 Intangible assetsStart of year $1,674$1,624
X-16 Total assetsStart of year $883,615$840,778
X-17 Accounts payable and accrued expensesStart of year $5,024$4,677
X-23 Secured mortgages and notes payableStart of year $1,059,447$1,054,372
X-25 Other liabilitiesStart of year $83,391$91,983
X-26 Total liabilitiesStart of year $1,147,862$1,151,032
X-27 Net assets without donor restrictionsStart of year −$264,247−$310,254
X-32 Total net assets or fund balancesStart of year −$264,247−$310,254
X-33 Total liabilities and net assetsStart of year $883,615$840,778
Part XI · Reconciliation of net assets −$310,254 net assets at year end
XI-1 Total revenue$164,208
XI-2 Total expenses$210,215
XI-3 Revenue less expenses−$46,007
XI-4 Net assets at start of year−$264,247
XI-10 Net assets at end of year−$310,254

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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