Topsham, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)3i Housing of Maine, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2023. The organization ran a surplus of $4.3M, a strong 93% operating margin.
3i Housing of Maine is a 501(c)(3) non-profit organization creating independent community-based living options for people with disabilities through innovative technology and person-centered housing options with self-directed integrated support services.
Accomplishments to Date:1. Launch Maine's first sustainable, universally-designed multi-family affordable rental apartments for people with disabilities in a diverse community-based setting with...
Accomplishments to Date:1. Launch Maine's first sustainable, universally-designed multi-family affordable rental apartments for people with disabilities in a diverse community-based setting with cutting-edge, new and proven assistive and adaptive technologies, integrated support services and a welcoming and expansive community network. - Our first project, in partnership with Preservation of Affordable Housing (POAH) is co-developing a fully-accessible low-income housing complex (51 units) in Scarborough, Maine. To date we have had approximately 60 public inquiries regarding our project in Scarborough. The 1-, 2- and 3-bedroom apartments are designed according to principles of Universal Design for easy mobility with or without a wheelchair. Bathrooms, kitchens and all living areas will be barrier free and the entire building will be wired for adaptable environmental controls and smart home functionality. The apartments are targeted for a fall 2026 occupancy.2. Be the innovator and catalyst, starting in Maine, for researchers, inventors, educators, advocates and people living with disabilities and mobility impairments by identifying issues and needs; designing, testing and implementing technologies; and managing a state of the art 3i HoME mobility and assistive technology hub (MATH) and Workshop (ATEC). - Our Mobility and Assistive Technology Hub (MATH) and our Adaptive Technology Enhancement Center (ATEC), will be located on the ground floor of our Scarborough project. The MATH will be the focal point for problem solving and developing AT (Assistive Technology) solutions for our residents and for members of the general community. We have had substantive discussions with local thought leaders including: the University of Maine, Northeastern University, the University of New England. In the summer of 2024, 3i HoME worked hand-in-hand with Northeastern's Roux Institute to launch a 6-week pilot Enabling Engineering program involving high school robotics enthusiasts. Students worked with a 3i HoME Board of Directors member to create a safety related device to attach to a wheelchair, solving a real power chair user challenge.3. 3i HoME Infrastructure - 3i HoME continues to advance its culture of transparency, accountability, and trust while seeking to secure additional sustainable funding in support of its mission. 3i HoME's leadership will continue to build the organization's human resource capacity; and implement policies and procedures following sound business practices including personnel, document retention and destruction and whistleblowing policies.4. In 2024-2025 3i HoME will be assessing new locations and mixed-income model options for the next phase of our growth into rural parts of Maine.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,640,804 | N/A | N/A |
| Expenses | $306,883 | N/A | N/A |
| Net Income | $4,333,921 | $0 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Paul Linet | CEO & President | 30.00 |
Officer
Director
|
$81,500 | $0 | $81,500 |
| Elizabeth White | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Adam Cohen | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Drew Gattine | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Diana Pinchuk | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Marva Serotkin | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Mitch Sturgeon | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michelle Wurgler | Board Member | 2.00 |
Director
|
$32,000 | $0 | $32,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,640,804 | $306,883 | $4,403,359 | $4,333,921 |
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