Pinegrove Development Corporation c/o York Housing Authority

EIN: 352190965 501(c)(3) Housing & Shelter

York, ME

Total Revenue
$331,293
Total Expenses
$410,120
Total Assets
$2,169,929
Net Assets
$2,147,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
ME
Principal Officer
Fiona McQuaide
Phone
2073638444
Tax Period
2024-04-01 to 2025-03-31

Pinegrove Development Corporation c/o York Housing Authority, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $331K in total revenue in fiscal year 2024. Expenses of $410K exceeded revenue, resulting in a 24% operating deficit.

Mission

Provide affordable housing to low-income and disabled elderly 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $331,066
Investment Income $227
Other Revenue $0
TOTAL REVENUE $331,293

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $334,308
Other Expenses $410,120
TOTAL EXPENSES $410,120

Year-over-Year Comparison

2024 2023 Change
Revenue $331,293 $315,142 +0.1%
Expenses $410,120 $385,836 +0.1%
Net Income $-78,827 $-70,694 +0.1%
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
11
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$249,827
Total Directors
11
$116,155
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jud Knox Chair 1.00
Officer Director
$0 $0 $0
Kathleen Kluger Vice Chair 1.00
Officer Director
$0 $0 $0
Ellen Baldwin Board Member 1.00
Director
$0 $0 $0
Gail Billet Board Member 1.00
Director
$0 $0 $0
Alan Gitelson Board Member 1.00
Director
$0 $0 $0
Eileen Gmelch Board Member 1.00
Director
$0 $0 $0
Ana Gray Board Member 1.00
Director
$0 $0 $0
Carlene LaFleche Board Member 1.00
Director
$0 $0 $0
Paul Salacain Board Member 1.00
Director
$0 $0 $0
Janie Sweeney Board Member 1.00
Director
$0 $0 $0
Fiona McQuaide Executive Director 7.00
Officer Director
$0 $0 $116,155
Libby Hutton Assistant Director 7.00
Officer
$0 $0 $62,126
Patricia Martine Director/Development 0.00
Officer
$0 $0 $71,546
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 $331,293 $410,120 $2,169,929 $-78,827
2024 $315,142 $385,836 $2,248,698 $-70,694
2023 $300,226 $383,532 $2,323,430 $-83,306
2022 $296,881 $368,690 $2,397,606 $-71,809
2021 $289,523 $341,409 $2,468,294 $-51,886
2020 $284,838 $342,109 $2,521,682 $-57,271
2019 $274,360 $341,310 $2,578,455 $-66,950
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