Portland, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Home for the Aged, founded in 1881, is a community nonprofit in the Human Services sector that reported $9.4M in total revenue in fiscal year 2024.
To provide housing and services that enhance a person's quality of life, respect personal dignity, and accommodate the need for privacy and self-determination. In doing so, we aim to respond to the individual's changing needs brought about through aging.
Home for the Aged provides high quality housing, meals, civic, cultural and recreational activities and emergency response service to the residents of its one hundred ten independent living...
Home for the Aged provides high quality housing, meals, civic, cultural and recreational activities and emergency response service to the residents of its one hundred ten independent living apartments. Some of the apartments are offered at rates that are below-market rates, making them accessible to those whose resources are modest, yet not such that the individuals are eligible for federal assistance. These apartments are specially designed to optimally meet the needs of those who are aging in place.
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...
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$879,742.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,416,838 | $8,847,471 | +0.1% |
| Expenses | $9,884,746 | $9,315,230 | +0.1% |
| Net Income | $-467,908 | $-467,759 | +0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Victoria Powers | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Melissa Murphy | Vice President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Janice McCormick | Treasurer | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Jeannine Lefevre | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Kathleen Coyne | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Robert Davis | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Joseph Gray | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Jennifer Gordon Hutchins | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Ruchir Jaipuriyar | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Ann Magner | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Michael McGovern | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Thomas Michael Meuser | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Kimberly Snow | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Jason Straetz | Director/Past President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Todd Zukowsi | Trustee | 0.50 |
Director
|
$0 | $0 | $0 |
| Lorri Sommer | CEO | 40.00 |
Officer
|
$171,739 | $25,846 | $197,585 |
| Diane Bernier | Director of Finance | 40.00 |
Officer
|
$0 | $0 | $0 |
| Bruce Rutter | Past Director of Finance | 40.00 |
Officer
|
$111,210 | $18,138 | $129,348 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $9,416,838 | $9,884,746 | $32,351,853 | $-467,908 |
| 2024 | $8,847,471 | $9,315,230 | $32,783,055 | $-467,759 |
| 2023 | $8,364,698 | $9,082,391 | $33,166,139 | $-717,693 |
| 2022 | $7,432,134 | $8,586,934 | $34,196,065 | $-1,154,800 |
| 2021 | $7,577,034 | $8,389,539 | $36,502,674 | $-812,505 |
| 2020 | $7,023,381 | $8,330,875 | $38,157,597 | $-1,307,494 |
| 2019 | $7,370,848 | $8,151,778 | $39,169,022 | $-780,930 |
| 2018 | $7,827,580 | $8,113,305 | $40,599,804 | $-285,725 |
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