SHA DEVELOPMENT CORPORATION

EIN: 311699762 501(c)(3) Housing & Shelter

SANFORD, ME

Total Revenue
$14,207,726
Total Expenses
$1,208,402
Total Assets
$14,797,048
Net Assets
$13,109,486
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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
1999
Legal Domicile
ME
Principal Officer
DIANE SMALL
Phone
2073246747
Tax Period
2024-04-01 to 2025-03-31

SHA DEVELOPMENT CORPORATION, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.2M in total revenue in fiscal year 2024. Revenue surged 2399854% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.0M, a strong 91% operating margin.

Mission

IN FURTHERANCE AND NOT IN LIMITATION OF THE FOREGOING, THE PURPOSE OF THE CORPORATION INCLUDE (1) TO ACQUIRE, SELL, LEASE, FINANCE, CONSTRUCT, DEVELOP, REHABILITATE, OWN, MANAGE, AND MAINTAIN HOUSING WHICH IS DECENT, SAFE, AND AFFORDABLE FOR LOW-INCOME PERSONS, INCLUDING PERSONS WITH NEEDS FOR SUPPORTIVE SERVICES AT THE SITE OF THEIR HOUSING AND (2) TO FOSTER DEVELOPMENT OF, AND DEVELOPING AND OPERATING, EITHER DIRECTLY OR INDIRECTLY, AFFORDABLE HOUSING PROJECTS IN SANFORD, MAINE AND UNDERTAKING FINANCIAL AND OTHER COMMITMENTS TO NECESSARY OR ADVISABLE TO ACHEIVE THOSE PURPOSES.

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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 $13,728,172
Program Service Revenue $479,198
Investment Income $356
Other Revenue $0
TOTAL REVENUE $14,207,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,208,402
Other Expenses $1,208,402
TOTAL EXPENSES $1,208,402

Year-over-Year Comparison

2024 2023 Change
Revenue $14,207,726 $592 +23998.5%
Expenses $1,208,402 $4,301 +280.0%
Net Income $12,999,324 $-3,709 -3505.8%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
$128,528
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS LAROCHE MEMBER 1.00
Director
$0 $0 $0
REBECCA AMES MEMBER 1.00
Director
$0 $0 $0
TODD ROTHSTEIN MEMBER 1.00
Director
$0 $0 $0
KIMBERLY LACHANCE MEMBER 1.00
Director
$0 $0 $0
MARY HASTINGS MEMBER 1.00
Director
$0 $0 $0
CORA ROBERGE TENANT REPRESENTATIVE 1.00
Director
$0 $0 $0
DIANE SMALL PRESIDENT/SECRETARY/EX DIR 1.00
Officer
$0 $0 $128,528
MIKE JEAN TREASURER 1.00
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
2025 $14,207,726 $1,208,402 $14,797,048 $12,999,324
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