HOULTON HOUSING FOR THE ELDERLY

EIN: 510192416 501(c)(3) Housing & Shelter

HOULTON, ME

Total Revenue
$250,119
Total Expenses
$221,862
Total Assets
$273,967
Net Assets
$164,851
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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
1976
Legal Domicile
ME
Principal Officer
GREGORY SWALLOW
Phone
2075322137
Tax Period
2023-01-01 to 2023-12-31

HOULTON HOUSING FOR THE ELDERLY, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $250K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $222K left a modest 11% surplus.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY

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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 $0
Program Service Revenue $250,043
Investment Income $76
Other Revenue $0
TOTAL REVENUE $250,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,150
Fundraising Expenses $0
Program Expenses $221,862
Other Expenses $201,712
TOTAL EXPENSES $221,862

Year-over-Year Comparison

2023 2022 Change
Revenue $250,119 $224,490 +0.1%
Expenses $221,862 $230,940 0.0%
Net Income $28,257 $-6,450 -5.4%
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
4
Independent Members
4
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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY SWALLOW PRESIDENT 0.50
Officer
$0 $0 $0
GARY BOSSIE BOARD MEMBER 0.50
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 No data No data No data No data
2024 No data No data No data No data
2023 $250,119 $221,862 $273,967 $28,257
2022 $224,490 $230,940 $270,414 $-6,450
2021 $231,629 $217,586 $288,932 $14,043
2020 $230,135 $197,386 $298,352 $32,749
2019 $230,628 $217,658 $285,497 $12,970
2018 $220,383 $222,837 $299,104 $-2,454
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