CHARLESTON SENIORS HOUSING CORP

EIN: 010382889 501(c)(3) Housing & Shelter

BANGOR, ME

Total Revenue
$200,212
Total Expenses
$199,542
Total Assets
$342,633
Net Assets
$238,252
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
ME
Principal Officer
MARY HIGGINS
Phone
2079471678
Tax Period
2023-01-01 to 2023-12-31

CHARLESTON SENIORS HOUSING CORP, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $200K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY LOW INCOME INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $199,617
Investment Income $595
Other Revenue $0
TOTAL REVENUE $200,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,262
Other Expenses $199,542
TOTAL EXPENSES $199,542

Year-over-Year Comparison

2023 2022 Change
Revenue $200,212 $199,858 +0.0%
Expenses $199,542 $184,655 +0.1%
Net Income $670 $15,203 -1.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY HIGGINS DIRECTOR N/A
Director
$0 $0 $0
MARY HIGGINS PRESIDENT N/A
Officer
$0 $0 $0
CHARLENE PEAVEY SECRETARY /T N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $200,212 $199,542 $342,633 $670
2022 $199,858 $184,655 $358,968 $15,203
2021 $204,099 $166,605 $360,994 $37,494
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