Public Charity

Home for the Aged

Home for the Aged is a nonprofit organization categorized as Public Charity based in Portland, ME. Its most recent IRS filing (2025) reports revenue of $9.4M, expenses of $9.9M, total assets of $32.4M.

EIN: 010211512 Portland, ME Supportive Housing for Older Adults NTEE: P75 Latest filing: 2025
Total Revenue$9.4M
Total Expenses$9.9M
Total Assets$32.4M
Grant Records0
Filing Years2021–2025

Mission

To provide housing and services that enhance a person's quality of life, respect personal dignity, and accommodate the need for privacy and self-determination. In doing so, we aim to respond to the individual's changing needs brought about through aging.

Where $100 goes at Home for the Aged

How Home for the Aged divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$82 Programs the work itself
$18 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $82 for programs

$48
Home for the Aged provides high quality housing, meals, personal care services, assistance with medications and civic, cultural and recreational activities to the residents of its thirty-six state-licensed…
59% of program spending
$28
Home for the Aged provides high quality housing, meals, civic, cultural and recreational activities and emergency response service to the residents of its one hundred ten independent living…
34% of program spending
$6
Home for the Aged provides high quality, dignified, safe and affordable housing (70 independent living apartments) to those whose means are defined as "very low income or "extremely…
7% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Trustee Ann Magner
Past Director of Finance Bruce Rutter
Director of Finance Diane Bernier
Treasurer Janice Mccormick
Director/Past President Jason Straetz
Secretary Jeannine Lefevre

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $9.4M $9.9M $32.4M
2024 $8.8M $9.3M $32.8M
2023 $8.4M $9.1M $33.2M
2022 $7.4M $8.6M $34.2M
2021 $7.6M $8.4M $36.5M

Between 2021 and 2025, reported annual revenue grew from $7.6M to $9.4M (+24%), with total assets most recently reported at $32.4M.

Interactive year-over-year charts and full filing details available with membership.

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