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Calais Methodist Home Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010317698 ✦ Calais, ME ✦ Designated as a 501(c)(3)

Overview

What is Calais Methodist Home Inc?

Calais Methodist Home Inc, established as an independent living community, caters primarily to retiring seniors. Situated within its operations, the nonprofit provides subsidized low-income housing, featuring nearly ninety fully occupied residential rental units. The organization's mission is twofold, offering not only a living space but also contributing to the community by providing affordable housing options for seniors.


Is Calais Methodist Home Inc legitimate?

Calais Methodist Home Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calais Methodist Home Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Calais Methodist Home Inc?
Who is the CEO of Calais Methodist Home Inc?
What is the revenue of Calais Methodist Home Inc?
Who are the executives of Calais Methodist Home Inc and what are their salaries?
Where can I find the form 990 for Calais Methodist Home Inc?

Mission Statement of Calais Methodist Home Inc

Calais Methodist Home Inc, as an independent living community, is committed to providing a welcoming environment for retiring seniors. Their mission extends beyond simply offering housing, as they also provide subsidized low-income units. With nearly all of their ninety residential rental units filled, Calais Methodist Home Inc is actively serving the needs of its senior population, ensuring that they can enjoy their retirement years in comfort and security.

Impact

This information is meant to be a general summary of Calais Methodist Home Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Calais Methodist Home Inc provides vital support and services to retiring seniors in the community by operating as an independent living community with subsidized low-income housing. With ninety residential rental units that are nearly fully occupied, the organization plays a crucial role in ensuring that seniors have access to safe and affordable housing options. This allows seniors to maintain their independence and quality of life as they transition into retirement. By offering this valuable housing solution, Calais Methodist Home Inc positively impacts the lives of seniors and contributes to the overall well-being of the community.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,386
  • Program Service Revenue: $521,461
  • Gross Receipts: $764,891

    • Assets and Liabilities:
  • Total Assets: $4,854,536
  • Total Liabilities: $4,896,827
  • Net Assets: -$42,291
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Tenant Rent

    Revenue

    $480,509

    Cable Television Revenue

    Revenue

    $27,727

    Laundry Income

    Revenue

    $13,225

    Organization Details

    Founding Year

    1972

    Principal Officer

    Ken Thomas

    Main Address

    116 Palmer Street, Calais, ME, 04619

    NTEE Category

    Code: L22 - Housing

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