Maine Life Care Retirement Community Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 16,303,342 | 15,207,268 | 1,096,074 | -3.4 | 35% |
| 2012 | 17,434,369 | 15,792,370 | 1,641,999 | -1.1 | 35% |
| 2013 | 18,535,690 | 16,488,571 | 2,047,119 | 2.7 | 36% |
| 2014 | 15,075,557 | 16,470,388 | −1,394,831 | -12.0 | 36% |
| 2015 | 16,625,827 | 16,713,147 | −87,320 | -12.2 | 36% |
| 2016 | 15,416,412 | 16,964,165 | −1,547,753 | -12.2 | 36% |
| 2017 | 18,614,911 | 17,940,556 | 674,355 | -10.4 | 37% |
| 2018 | 20,657,783 | 20,769,707 | −111,924 | -11.2 | 37% |
| 2019 | 22,688,891 | 21,741,043 | 947,848 | -8.7 | 37% |
| 2020 | 24,888,089 | 22,674,504 | 2,213,585 | -7.3 | 40% |
| 2021 | 23,531,278 | 23,218,187 | 313,091 | -6.3 | 39% |
| 2022 | 24,416,383 | 25,007,659 | −591,276 | -8.1 | 39% |
| 2023 | 28,863,046 | 30,427,773 | −1,564,727 | -6.4 | 38% |
In its most recent public year (2023), this organization spent $1,564,727 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-6.4 months), down from -3.4 in 2011. Staff pay was 38% of spending. $1,593,524 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Maine Life Care Retirement Community Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works