Waterville, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Mid-Maine Homeless Shelter Inc, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 15% operating deficit.
Providing emergency food and shelter to homeless and displaced persons in central Maine.
Targeted case management/housing navigation-targeted case management and housing navigation are provided to all current shelter guests as well as many former shelter guests. Our system employs a...
Targeted case management/housing navigation-targeted case management and housing navigation are provided to all current shelter guests as well as many former shelter guests. Our system employs a targeted case manager and a housing navigator to each guest at the shelter. The TCM assists with community resources addressing mental health, physical health, benefits, employment, finances, etc. and the housing navigator focuses on assisting with housing benefits, landlord relationships, housing searches, and housing stability.
Youth empowerment supports (YES) - The youth empowerment program (YES)is for youth (ages 18-24) who are homeless or who are in danger of becoming homeless. We serve lower-to no-income individuals...
Youth empowerment supports (YES) - The youth empowerment program (YES)is for youth (ages 18-24) who are homeless or who are in danger of becoming homeless. We serve lower-to no-income individuals that are between the ages of 18 and 24. Through this program, we have provided youth with clean, safe and stable housing for four years now. The goal of the program is for our young people to achieve personal goals related to education and work. We also want to see them showing tenant responsibility through fiscal accountability and care of the unit. Each YES tenant has an apartment in which they reside on the second floor of the MMHSS facility in Waterville. Tenants are provided with an onsite, full-time, targeted case manager and a youth resident specialist. YES participants learn and grow through the program until they have the necessary tools to succeed in living independently in the community. Many of these individuals go on to achieve higher education goals, as well as career goals.
Emergency Shelter - Our 19 Colby St location has been low barrier since the beginning of the pandemic and remains so today. A low barrier shelter is a shelter that has very little to no requirements...
Emergency Shelter - Our 19 Colby St location has been low barrier since the beginning of the pandemic and remains so today. A low barrier shelter is a shelter that has very little to no requirements for entry, including sobriety, drug use, and convictions. Low barrier shelters are preferred by HUD and are considered best practice for shelter provision. Our 19 Colby St location is a 48 bed shelter. We continue to improve the way we provide low barrier shelter and are currently working on a harm reduction and trauma informed supports. We have a warming center, serviced by shelter staff while maintaining our low barrier shelter. The warming center housed 2 to 15 guests in our conference room, lobby, and office spaces on a nightly basis.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,498,333 | $2,153,553 | +0.2% |
| Expenses | $2,871,639 | $2,661,454 | +0.1% |
| Net Income | $-373,306 | $-507,901 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| Marc Sirois | Co-Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| D Chris Frauenhofer | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kelly Rancourt | Co-Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Janelle Gath | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Thomas Longstaff | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Samantha Burdick | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kate Carlisle | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Katie Spencer White | CEO | 40.00 |
Officer
|
$115,905 | $16,171 | $132,076 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,498,333 | $2,871,639 | $5,217,198 | $-373,306 |
| 2022 | $2,153,553 | $2,661,454 | $5,302,353 | $-507,901 |
| 2021 | $2,758,283 | $1,972,452 | $5,852,733 | $785,831 |
| 2020 | $1,768,896 | $1,661,008 | $5,320,510 | $107,888 |
| 2019 | $945,678 | $1,094,890 | $4,893,390 | $-149,212 |
| 2018 | $851,342 | $972,486 | $4,861,762 | $-121,144 |
Compare Mid-Maine Homeless Shelter Inc with other nonprofits in Maine and across the country.