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Nonprofiteer
← KMHA REAL ESTATE INC

Form 990 for tax year 2024

Filed by KMHA REAL ESTATE INC.

Totals

Total revenue
$2,715,834
Total expenses
$2,600,274
Contributions and grants received
$6,067
Grants paid
$0
Program service revenue
$2,709,600
Investment income
$26,823
Other revenue
-$26,656
Total assets, end of year
$8,432,606
Total liabilities, end of year
$4,441,185
Net assets or fund balances, end of year
$3,991,421
Program services expenses (Part IX)
$1,914,814
Management and general expenses
$685,460
Fundraising expenses
$0
Program service expenses (Part III)
$1,914,814

Program services were 73.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $6,067

  • 2a · Program service revenue: RENTAL INCOME

    total $2,709,600 · related or exempt $2,709,600

  • 3 · Investment income

    total $26,823 · excluded $26,823

  • 6a · Gross rents

    real property $42,300

  • 6b · Less rental expenses

    real property $68,956

  • 6c · Rental income or loss

    real property -$26,656

  • 6d · Net rental income or loss

    total -$26,656 · unrelated business -$26,656

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $685,460 · management and general $685,460

  • 16 · Occupancy

    total $507,409 · program services $507,409

  • 20 · Interest

    total $106,991 · program services $106,991

  • 22 · Depreciation, depletion and amortization

    total $338,106 · program services $338,106

  • 23 · Insurance

    total $38,797 · program services $38,797

  • 24a · Other expenses: MAINTENANCE AND REPAIR

    total $834,604 · program services $834,604

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $74,026 · program services $74,026

  • 24c · Other expenses: SMALL EQUIPMENT

    total $9,601 · program services $9,601

  • 24d · Other expenses: SUPPLIES

    total $2,576 · program services $2,576

  • 24e · All other expenses

    total $2,704 · program services $2,704

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,798 · end of year $129,765

  • 2 · Savings and temporary cash investments

    beginning of year $596,276 · end of year $604,435

  • 4 · Accounts receivable

    beginning of year $12,379 · end of year $14,773

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,245 · end of year $6,183

  • 10a · Land, buildings and equipment: cost or other basis

    $13,033,505

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,593,206

  • 10c · Land, buildings and equipment, net

    beginning of year $5,989,206 · end of year $7,440,299

  • 15 · Other assets

    beginning of year $334,593 · end of year $237,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $105,485 · end of year $107,328

  • 19 · Deferred revenue

    beginning of year $325

  • 23 · Secured mortgages and notes payable

    beginning of year $2,000,074 · end of year $1,853,001

  • 25 · Other liabilities

    beginning of year $1,060,752 · end of year $2,480,856

  • 27 · Net assets without donor restrictions

    beginning of year $3,875,861 · end of year $3,991,421

Mission and programs · 2024

Mission

TO HOLD TITLE TO, MANAGE AND MAINTAIN ANY AND ALL FACILITIES FOR OPERATIONS CONDUCTED BY KENNEBEC VALLEY MENTAL HEALTH CENTER D/B/A KENNEBEC BEHAVORIAL HEALTH AND LEASE SAID PROPERTY TO KENNEBEC VALLEY MENTAL HEALTH CENTER D/B/A KENNEBEC BEHAVORIAL HEALTH AND ITS AFFILIATES BASED ON USAGE.

  • MANAGEMENT AND MAINTENANCE OF REAL ESTATE FOR USE BY KENNEBEC VALLEY MENTAL HEALTH CENTER D/B/A KENNEBEC BEHAVORIAL HEALTH.

    Expenses $1,914,814 · Revenue $2,709,600

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • THOMAS MCADAM MBA

    CEO

    Total calculated
    $324,580
    From this org
    $0
    From related orgs
    $251,665
    Other
    $72,915

    Schedule J breakdown matched by us

    Base
    not reported + $214,524 related
    Bonus
    not reported + $24,700 related
    Other
    not reported + $12,441 related
    Deferred
    not reported + $52,340 related
    Nontaxable benefits
    not reported + $20,575 related
    Filer's total
    not reported + $324,580 related

  • JOSEE SHELLEY CPA

    CFO

    Total calculated
    $221,375
    From this org
    $0
    From related orgs
    $192,947
    Other
    $28,428

    Schedule J breakdown matched by us

    Base
    not reported + $155,551 related
    Bonus
    not reported + $30,500 related
    Other
    not reported + $6,896 related
    Deferred
    not reported + $9,033 related
    Nontaxable benefits
    not reported + $19,395 related
    Filer's total
    not reported + $221,375 related

  • MELISSA BARTLETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIM CROSWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRUCE HARRINGTON

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • BENJAMIN MURRAY

    PRESIDENT/SE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL STEVENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7
THE KEY EMPLOYEES AND SOME OF THE HIGHEST COMPENSATED EMPLOYEES RECEIVED COMPENSATION BASED ON PERSONAL PRODUCTIVITY STANDARDS CONTAINED WITHIN THEIR EMPLOYMENT CONTRACTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.0
Source object
202601269349300240

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