HOME FOR THE AGED
777 Stevens Avenue, Portland, ME 04103 www.parkdanforth.com

Total Revenue
$7,023,381
Total Expenses
$8,330,875
Net Assets
$7,960,439

Organizations Filed Purposes: 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.

To provide high quality housing and services to those 60 years of age and older.

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 apartments. Some of the apartments are offered at rates that are below-market rates, making them accessible to those whose resources are modest, yet not such that the individuals are eligible for federal assistance. These apartments are specially designed to optimally meet the needs of those who are aging in place.

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 assisted living studios. Some of the apartments are offered to low and very low income residents, subsidized by the State of Maine's MaineCare program. Home for the Aged operates the MaineCare supported studios at below-cost, and operating subsidies (to offset losses) are provided by the Home's endowment. Estimated operating subsidies in the current year were $452,983.

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 low income" in accordance with federal eligibility guidelines for the HUD Section 8 program. In providing Section 8 housing, Home for the Aged, in partnership with the U.S. Department of HUD, provides housing to those who would otherwise be at financial risk due to the high cost of housing and utilities. These apartments are specially designed to optimally meet the needs of those who are aging in place. As these residents age, by virtue of their residency, they are given priority for transfers to the assisted living program at such time as a higher level of care is needed.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Denise M VachonCEO40$165,983
Lorri SommerCFO40$123,557
Lisa NoonanCOO40$120,296
Dana MitiguyPast President1.5$0
Annie WellsTrustee0.5$0
Susan PelletierTrustee0.5$0
Michael McgovernTrustee0.5$0
Jeanine LefevreTrustee0.5$0
Tyler HobbsTrustee0.5$0
Eileen GriffinTrustee0.5$0
Joe GrayTrustee0.5$0
Robert DavisTrustee0.5$0
Janice MccormickSecretary0.5$0
Victoria PowersTreasurer0.5$0
Roberta Wright2nd Vice President0.5$0
Jason Straetz1st Vice President0.5$0
Matthew HolbrookPresident0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202101189349301600_public.xml