Human Services
Home For The Aged
PORTLAND, ME
Total revenue
$8.8M
Total expenses
$9.3M
Net assets
$5.3M
Grants received
$258K
10 grants
EIN
010211512
Tax year
2023
Mission
To provide high quality housing and services to those 60 years of age and older.
Programs
2 programs
Home for the Aged provides high quality housing, meals, personal care services, assistance with medications and civic, cultural and recreational activities to the residents of its thirty-six state-licensed assisted living studios. Some of the apartments are offered to low and very low income residents, subsidized by the State of Maine's MaineCare program. Home for the Aged operates the MaineCare supported studios at below-cost, and operating subsidies (to offset losses) are provided by the Home's endowment. Estimated operating subsidies in the current year were $719,951.
Home for the Aged provides high quality, dignified, safe and affordable housing (70 independent living apartments) to those whose means are defined as "very low income or "extremely low income" in accordance with federal eligibility guidelines for the HUD Section 8 program. In providing Section 8 housing, Home for the Aged, in partnership with the U.S. Department of HUD, provides housing to those who would otherwise be at financial risk due to the high cost of housing and utilities. These apartments are specially designed to optimally meet the needs of those who are aging in place. As these residents age, by virtue of their residency, they are given priority for transfers to the assisted living program at such time as a higher level of care is needed.
Financials
FY 2023
Revenue
Expenses
People
16 listed
Lorri Sommer
CEO
$151K
40 hrs/wk
Bruce Rutter
Director of Finance
$104K
40 hrs/wk
Melissa Murphy
Secretary
—
0.5 hrs/wk
Kathleen Coyne
Trustee
—
0.5 hrs/wk
Robert Davis
Trustee
—
0.5 hrs/wk
Joseph Gray
Trustee
—
0.5 hrs/wk
Jennifer Gordon Hutchins
Trustee
—
0.5 hrs/wk
Jason Straetz
President
—
0.5 hrs/wk
Michael McGovern
Trustee
—
0.5 hrs/wk
Thomas Michael Meuser
Trustee
—
0.5 hrs/wk
Roberta Wright
Past 2nd Vice President
—
0.5 hrs/wk
Matthew Holbrook
Past Trustee
—
0.5 hrs/wk
Jeannine Lefevre
Trustee
—
0.5 hrs/wk
Victoria Powers
1st Vice President
—
0.5 hrs/wk
Janice McCormick
Treasurer
—
0.5 hrs/wk
Denise M Vachon
Former CEO
$130K
0Grants received
Showing 10 of 10
Funded by
$258K from 3 funders · 10 grants · 2018–2023
$204K · 5 grants · 2018–2023
$40K · 4 grants · 2020–2023
$14K · 1 grant · 2020