Friends of Together Place Inc

EIN: 010428417 501(c)(3) Housing & Shelter

Bangor, ME

Total Revenue
$399,211
Total Expenses
$376,300
Total Assets
$324,910
Net Assets
$324,910
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
ME
Phone
2076595597
Tax Period
2024-07-01 to 2025-06-30

Friends of Together Place Inc, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $399K in total revenue in fiscal year 2024. Expenses of $376K left a modest 6% surplus.

Mission

The Friends of Together Place Inc. benefits mentally disabled persons, including, but not limited to, mentally disabled people who utilize the services of the Maine Mental Health Connections, Inc. and the Together Place Housing Cooperative and their families; in order that the mentally disabled people of Maine will have social, recreational, work and housing opportunities.

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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 (2024)

Revenue Breakdown

Contributions & Grants $375,000
Program Service Revenue $0
Investment Income $17,734
Other Revenue $6,477
TOTAL REVENUE $399,211

Expense Breakdown

Grants Paid $375,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $376,300
Other Expenses $1,300
TOTAL EXPENSES $376,300

Year-over-Year Comparison

2024 2023 Change
Revenue $399,211 N/A N/A
Expenses $376,300 N/A N/A
Net Income $22,911 N/A N/A
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vickey Rice President 0.00
Director
$0 $0 $0
Roger Griffith Treasurer 0.00
Director
$0 $0 $0
Wade Hinson Director 0.00
Director
$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
2025 $399,211 $376,300 $324,910 $22,911
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