JORDAN BAY PLACE C/O AVESTA HOUSING (EIN 010531223) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

ERIC BOUCHER

Phone

2075537777

Tax Period

2023-01-01 to 2023-12-31

JORDAN BAY PLACE C/O AVESTA HOUSING is a 501(c)(3) with EIN 010531223, based in PORTLAND, ME. Founded in 1999, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $248,899 in total revenue and $279,574 in total expenses, with net assets of $1,078,275.

Mission

PROVIDE AFFORDABLE HOUSING SUITED TO THE SPECIAL NEEDS AND REQUIREMENTS OF ELIGIBLE OCCUPANTS AS DETERMINED BY THE U.S. DEPARTMENT OF HUD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $117,624

Program Service Revenue $130,240

Investment Income $1,035

Other Revenue $0

TOTAL REVENUE $248,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $279,574

Other Expenses $279,574

TOTAL EXPENSES $279,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,899	$198,976	+0.3%
Expenses	$279,574	$259,236	+0.1%
Net Income	$-30,675	$-60,260	-0.5%

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

Governance

Voting Members

Independent Members

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

$1,058,504

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM HANLEY	DIRECTOR	1.00	Director	$0	$0	$0
ALICE KABORE	DIRECTOR	1.00	Director	$0	$0	$0
JANICE DE LIMA	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY TWITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
DR RENEE FAY-LEBLANC	VICE CHAIR	1.00	Director	$0	$0	$0
DEBRA ORELLANA-MEJIA	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY AGNEW	TREASURER	1.00	Director	$0	$0	$0
PETER BASS	DIRECTOR	1.00	Director	$0	$0	$0
CHOMBA KALUBA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ELKINS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA DODGE PATSTONE	CHAIR	1.00	Director	$0	$0	$0
DR JULIA REDDING	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE ROCHE	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN POORE	DIRECTOR	1.00	Director	$0	$0	$0
DOUG STOCKBRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
PETER PITEGOFF	SECRETARY	1.00	Director	$0	$0	$0
AMY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA GILLIAM	VP OF PROPERTY MANAGEMENT & RESIDENT SERVICES	1.00	Officer	$0	$34,411	$144,818
KIM FARRAR	VP OF STRATEGIC INITIATIVE	1.00	Officer	$0	$17,975	$167,697
ERIC BOUCHER	SR. VP OF FINANCE AND ADMINISTRATION	1.00	Officer	$0	$45,000	$237,384
REBECCA HATFIELD	PRESIDENT	1.00	Officer	$0	$45,000	$310,049
KATY SMITH	VP OF SENIOR LIVING	1.00	Officer	$0	$38,333	$198,556

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	$248,899	$279,574	$1,100,274	$-30,675
2022	$198,976	$259,236	$1,132,643	$-60,260
2021	$203,790	$224,871	$1,197,388	$-21,081
2020	$196,010	$228,270	$1,216,051	$-32,260
2020	$196,010	$228,270	$1,216,051	$-32,260
2019	$190,660	$219,854	$1,242,371	$-29,194
2018	$188,816	$235,599	$1,279,373	$-46,783

JORDAN BAY PLACE C/O AVESTA HOUSING