LIFE HOUSE CORPORATION

EIN: 850669283 501(c)(3) Housing & Shelter

BRUNSWICK, ME

Total Revenue
$114,578
Total Expenses
$80,630
Total Assets
$613,749
Net Assets
$356,048
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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
2021
Legal Domicile
ME
Principal Officer
DAVID SWASEY
Phone
2072401997
Tax Period
2025-01-01 to 2025-12-31

LIFE HOUSE CORPORATION, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 30% operating margin.

Mission

LIFE HOUSE MAINE IS A COMMUNITY-BASED NONPROFIT IN CENTRAL MAINE PROVIDING RESIDENT HOMES FOR EXPECTANT MOTHERS. SHELTERING THEM THROUGH PREGNANCY AND OFFERING HOPE, SUPPORT, AND LIFE SKILLS WHILE RAISING THEIR BABIES THROUGH THE FIRST YEAR. LIFE HOUSE MAINE PROVIDES A MENTORING AND PARENTING CURRICULUM IN A CARING COMMUNITY, WITHOUT REGARD TO RACE, NATIONAL ORIGIN, SOCIOECONOMIC STATUS, OR RELIGIOUS AFFILIATE. LIFE HOUSE MAINE IS A PRIVATE NON-PROFIT CORPORATION FULLY SUPPORTED BY GENEROUS DONORS. THERE IS NO COST TO THE MOMS WHO STAY WITH US.

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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 (2025)

Revenue Breakdown

Contributions & Grants $114,108
Program Service Revenue $0
Investment Income $470
Other Revenue $0
TOTAL REVENUE $114,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $76,789
Other Expenses $80,630
TOTAL EXPENSES $80,630

Year-over-Year Comparison

2025 2024 Change
Revenue $114,578 $92,435 +0.2%
Expenses $80,630 $74,805 +0.1%
Net Income $33,948 $17,630 +0.9%
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
9
Independent Members
N/A
Employees
N/A
Volunteers
30

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH HANSEN DIRECTOR 5.00
Director
$0 $0 $0
ROGER ST PIERRE DIRECTOR 5.00
Director
$0 $0 $0
RACHEL BALSAMO DIRECTOR 10.00
Director
$0 $0 $0
JODI SWASEY DIRECTOR 5.00
Director
$0 $0 $0
BECCA LACEY DIRECTOR 5.00
Director
$0 $0 $0
PAUL BALSAMO PRESIDENT 15.00
Officer
$0 $0 $0
CHERYL CARLSON VICE PRESIDENT 10.00
Officer
$0 $0 $0
DAVID SWASEY TREASURER 10.00
Officer
$0 $0 $0
MARY ROSE PRAY SECRETARY 10.00
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 $114,578 $80,630 $613,749 $33,948
2024 $92,435 $74,805 $611,899 $17,630
2023 $177,185 $207,930 $665,988 $-30,745
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