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Hermon Elderly Project FY2023 filing

Tax-deductible

Bangor, ME501(c)(3)Human Services EIN 01-0367846Revenue $168K in FY2023Latest 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.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0367846) · Dispute this line
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

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
94% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
7.1 mo
of spending, in cash
7.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
147% of total assets
Liabilities are 147% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$168K
+2% vs prior year
Spent
$227K
To programs
94%
Net assets
−$369K
By yearFY2020–FY2024
Revenue
$168K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$151K
FY2021$158K
FY2022$164K
FY2023$168K
FY2024$171K
Expenses
$227K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$209K
FY2021$210K
FY2022$210K
FY2023$227K
FY2024$208K
Net assets
−$369K
FY2023▼ -19%
Tap a bar for its year
Net assets by fiscal year
FY2020−$212K
FY2021−$264K
FY2022−$310K
FY2023−$369K
FY2024−$406K

From the FY2023 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2023 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% · $214K Management & general 6% · $13K

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.

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1 program · $214K · in their own filed words · FY2023
01

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

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 01-0367846) · Dispute this line
$214Kprogram 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 FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$168K
Ln 12
Fees for servicesLn 2g$165K
Other incomeLn 4–11$2K
Investment incomeLn 3$79
Money outPt IX
$227K
Ln 25
Programscol B$214K
Managementcol C$13K
Owns and owesPt X
−$369K
net assets · Ln 32
Cash and savingsLn 1–2$134K
Total assetsLn 16$786K
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$165K
Investment incomeLn 3$79
Other incomeLn 4–11$2K
Total revenueLn 12$168K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$126K
Cash and savings togetherLn 1–2$134K
Accounts receivableLn 4$518
Prepaid expenses and deferred chargesLn 9$9K
Land, buildings, equipmentLn 10c$640K
Intangible assetsLn 14$2K
Total assetsLn 16$786K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$369K
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 FY23End FY23
Cash and savingsLn 1–2$150K$134K
Land, buildings, equipmentLn 10c$682K$640K
Total assetsLn 16$841K$786K
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32−$310K−$369K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$23K$17K$6K
Accounting feesLn 11c$6K$6K
Office expensesLn 13$555$555
OccupancyLn 16$89K$88K$675
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$227K$214K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 28, 2025 $171K$208K−$37K−$406K 990 PDF
FY2023 ViewingFiled with the IRS Sep 23, 2024 $168K$227K−$59K−$369K 990 PDF
FY2022Filed 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

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $167,890 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $161,480$165,367
I-10 Investment incomePrior year $80$79
I-11 Other revenuePrior year $2,648$2,444
I-12 Total revenuePrior year $164,208$167,890
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 $210,215$226,887
I-18 Total expensesPrior year $210,215$226,887
I-19 Revenue less expensesPrior year −$46,007−$58,997
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 $167,890 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $165,367$165,367
VIII-3 Investment incomeExcluded from tax $79$79
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $2,444$2,444
VIII-12 Total revenueRelated to mission $165,367 · Excluded from tax $2,523$167,890
Part IX · Statement of functional expenses $226,887 across 8 lines filed
IX-11a Management feesPrograms $17,220 · Management $5,740$22,960
IX-11c Accounting feesManagement $6,400$6,400
IX-13 Office expensesPrograms $555$555
IX-16 OccupancyPrograms $88,082 · Management $675$88,757
IX-20 InterestPrograms $33,125$33,125
IX-22 Depreciation, depletion and amortizationPrograms $53,599$53,599
IX-23 InsurancePrograms $10,491$10,491
IX-24 Other expenses (24a–d)Programs $11,000$11,000
IX-25 Total functional expensesPrograms $214,072 · Management $12,815 · Fundraising $0$226,887
Part X · Balance sheet $785,942 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $13,619$8,223
X-2 Savings and temporary cash investmentsStart of year $135,883$126,265
X-4 Accounts receivableStart of year $46$518
X-9 Prepaid expenses and deferred chargesStart of year $8,009$9,432
X-10c Land, buildings and equipment, netStart of year $681,597$639,927
X-14 Intangible assetsStart of year $1,624$1,577
X-16 Total assetsStart of year $840,778$785,942
X-17 Accounts payable and accrued expensesStart of year $4,677$6,036
X-23 Secured mortgages and notes payableStart of year $1,054,372$1,049,130
X-25 Other liabilitiesStart of year $91,983$100,027
X-26 Total liabilitiesStart of year $1,151,032$1,155,193
X-27 Net assets without donor restrictionsStart of year −$310,254−$369,251
X-32 Total net assets or fund balancesStart of year −$310,254−$369,251
X-33 Total liabilities and net assetsStart of year $840,778$785,942
Part XI · Reconciliation of net assets −$369,251 net assets at year end
XI-1 Total revenue$167,890
XI-2 Total expenses$226,887
XI-3 Revenue less expenses−$58,997
XI-4 Net assets at start of year−$310,254
XI-10 Net assets at end of year−$369,251

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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