Southern Maine Affordable Housing

EIN: 452991030 501(c)(3) Housing & Shelter

Biddeford, ME

Total Revenue
$1,469,443
Total Expenses
N/A
Total Assets
$5,429,520
Net Assets
$1,871,335
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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
2011
Legal Domicile
ME
Principal Officer
Guy Gagnon
Phone
2072826537
Tax Period
2023-01-01 to 2023-12-31

Southern Maine Affordable Housing, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

Affordable housing development and management

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,407,483
Program Service Revenue $0
Investment Income $676
Other Revenue $61,284
TOTAL REVENUE $1,469,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $1,469,443 $-25,128 -59.5%
Expenses N/A N/A N/A
Net Income N/A $-25,128 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

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
6
Independent Members
6
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Guy Gagnon President 015.00
Officer Director
$0 $0 $0
Roch Angers Secretary N/A
Director
$0 $0 $0
Rene Simard Director N/A
Director
$0 $0 $0
Anne Daly Director N/A
Director
$0 $0 $0
Susan Cartier Treasurer 005.00
Officer 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
2024 No data No data No data No data
2023 $1,469,443 No data $5,429,520 No data
2022 $-25,128 No data $3,383,901 No data
2021 $103,023 $55,000 $3,431,246 $48,023
2020 $110,283 $54,169 $3,434,052 $56,114
2019 $21,684 $54,168 $3,054,851 $-32,484
2018 $22,227 $68,167 $3,161,966 $-45,940
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