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Nonprofiteer
← MAINE VETERANS HOME

Form 990 for tax year 2023

Filed by MAINE VETERANS HOME.

Totals

Total revenue
$106,659,613
Total expenses
$113,203,865
Contributions and grants received
$3,493,422
Grants paid
$0
Program service revenue
$94,841,996
Investment income
$2,617,462
Other revenue
$5,706,733
Total assets, end of year
$172,629,725
Total liabilities, end of year
$52,078,318
Net assets or fund balances, end of year
$120,551,407
Program services expenses (Part IX)
$99,886,885
Management and general expenses
$13,316,980
Fundraising expenses
$0
Program service expenses (Part III)
$99,886,885

Program services were 88.2% 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)

    $3,171,294

  • 1f · All other contributions, gifts and grants

    $322,128

  • 2a · Program service revenue: Net Resident Service Revenue

    total $86,730,149 · related or exempt $86,730,149

  • 2b · Program service revenue: V.A. Stipend Revenue

    total $7,575,281 · related or exempt $7,575,281

  • 2c · Program service revenue: Other Revenue

    total $536,566 · related or exempt $271,245 · unrelated business $265,321

  • 3 · Investment income

    total $620,231 · excluded $620,231

  • 7a · Gross sales of assets other than inventory

    securities $9,532,678 · other assets $184,967

  • 7b · Less cost or other basis and sales expenses

    securities $7,649,681 · other assets $70,733

  • 7c · Gain or loss

    securities $1,882,997 · other assets $114,234

  • 7d · Net gain or loss

    total $1,997,231 · excluded $1,997,231

  • 10a · Gross sales of inventory

    $14,935,213

  • 10b · Cost of goods sold

    $9,228,480

  • 10c · Net income from sales of inventory

    total $5,706,733 · related or exempt $6,495,714 · unrelated business -$788,981

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $708,049 · management and general $708,049

  • 7 · Other salaries and wages

    total $54,465,487 · program services $49,655,273 · management and general $4,810,214

  • 8 · Pension plan contributions

    total $6,633,363 · program services $6,010,090 · management and general $623,273

  • 9 · Other employee benefits

    total $8,418,590 · program services $7,628,360 · management and general $790,230

  • 10 · Payroll taxes

    total $891,455 · program services $803,454 · management and general $88,001

  • 11b · Fees: legal

    total $289,023 · management and general $289,023

  • 11c · Fees: accounting

    total $111,960 · management and general $111,960

  • 11d · Fees: lobbying

    total $60,375 · management and general $60,375

  • 11f · Fees: investment management

    total $32,678 · management and general $32,678

  • 11g · Fees: other

    total $10,314,658 · program services $8,311,320 · management and general $2,003,338

  • 12 · Advertising and promotion

    total $130,575 · management and general $130,575

  • 13 · Office expenses

    total $3,014,780 · program services $1,403,679 · management and general $1,611,101

  • 14 · Information technology

    total $337,790 · management and general $337,790

  • 16 · Occupancy

    total $2,627,830 · program services $2,611,692 · management and general $16,138

  • 17 · Travel

    total $59,119 · program services $17,986 · management and general $41,133

  • 19 · Conferences, conventions and meetings

    total $71,993 · program services $37,404 · management and general $34,589

  • 20 · Interest

    total $1,022,420 · management and general $1,022,420

  • 22 · Depreciation, depletion and amortization

    total $8,182,735 · program services $8,182,735

  • 23 · Insurance

    total $469,898 · management and general $469,898

  • 24a · Other expenses: Miscellaneous Expense

    total $5,558,356 · program services $5,422,161 · management and general $136,195

  • 24b · Other expenses: Health Care Provider Ta

    total $5,106,717 · program services $5,106,717

  • 24c · Other expenses: Food and Janitorial Sup

    total $2,769,448 · program services $2,769,448

  • 24d · Other expenses: Medical Supplies

    total $1,926,566 · program services $1,926,566

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,750 · end of year $6,950

  • 2 · Savings and temporary cash investments

    beginning of year $1,583,450 · end of year $6,401,948

  • 3 · Pledges and grants receivable

    beginning of year $452,324 · end of year $44,782

  • 4 · Accounts receivable

    beginning of year $6,398,637 · end of year $7,705,785

  • 8 · Inventories for sale or use

    beginning of year $763,791 · end of year $1,176,558

  • 9 · Prepaid expenses and deferred charges

    beginning of year $82,263 · end of year $154,734

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

    $204,233,908

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

    $76,538,928

  • 10c · Land, buildings and equipment, net

    beginning of year $135,159,417 · end of year $127,694,980

  • 11 · Investments: publicly traded securities

    beginning of year $22,846,355 · end of year $15,495,006

  • 14 · Intangible assets

    beginning of year $2,994,031 · end of year $2,987,228

  • 15 · Other assets

    beginning of year $14,814,782 · end of year $10,961,754

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,846,208 · end of year $9,237,710

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,996,561 · end of year $20,437,796

  • 25 · Other liabilities

    beginning of year $24,198,417 · end of year $22,402,812

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $128,060,614 · end of year $120,551,407

Mission and programs · 2023

Mission

To provide skilled, long term care, pharmacy and rehabilitation services for veterans, their spouses, widows, widowers, and gold star families.

Activities or mission (Part I)

Maine Veterans' Homes provides skilled nursing and rehabilitation, long term care, memory care, pharmacy support and consultation, and assisted living services for veterans and eligible family members at six facilities across Maine.

  • Maine Veterans' Home Augusta operates 138 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY24, we provided 47,028 days of care to 213 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.

    Expenses $31,710,114 · Revenue $24,823,348

  • Maine Veterans' Home Scarborough operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. During FY24, we provided 50,855 days of care to 256 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.

    Expenses $23,569,872 · Revenue $23,487,322

  • Maine Veterans' Home Bangor operates 150 beds, providing skilled nursing, physical/occupational/speech therapy and rehabilitation, long-term care, memory care, and assisted living services. DuringFY24, we provided 50,375 days of care to 258 residents. Efforts to recover from the coronavirus pandemic were the primary focus in this fiscal year.

    Expenses $24,346,028 · Revenue $22,071,312

  • We operate three additional facilities in Maine, one in South Paris (90 beds), Caribou (70 beds) and Machias (30 beds). During FY24, we provided a combined total of 61,493 days of care to 317 residents. MVH Pharmacies provides medication and consulting services to all six MVH facilities and external nursing homes.

    Expenses $20,260,871 · Revenue $30,955,728

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Lagace

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Steven SanPedro

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Emil Genest

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Julie Schwetz

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Angela Armstrong

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christine Brawn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Heather Burr

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sam Collins

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Christopher Gardner

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Diane Jackson

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bridget Miller

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Pooler

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • David Richmond

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Richard Parent

    Past Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sharon Fusco

    CEO

    Total calculated
    $261,035
    From this org
    $250,001
    From related orgs
    $0
    Other
    $11,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,001
    Bonus
    $0
    Other
    $0
    Deferred
    $10,000
    Nontaxable benefits
    $1,034
    Filer's total
    $261,035

  • Kevin Brooks

    CFO

    Total calculated
    $245,961
    From this org
    $190,927
    From related orgs
    $0
    Other
    $55,034
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,744
    Bonus
    $0
    Other
    $14,183
    Deferred
    $24,999
    Nontaxable benefits
    $30,035
    Filer's total
    $245,961

  • Rebecca Gagnon

    COO

    Total calculated
    $201,053
    From this org
    $187,486
    From related orgs
    $0
    Other
    $13,567
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,021
    Bonus
    $0
    Other
    $3,465
    Deferred
    $0
    Nontaxable benefits
    $13,567
    Filer's total
    $201,053

  • Neil Thurlow

    Director of Pharmacy Ops

    Total calculated
    $210,799
    From this org
    $168,803
    From related orgs
    $0
    Other
    $41,996
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,668
    Bonus
    $0
    Other
    $9,135
    Deferred
    $9,402
    Nontaxable benefits
    $32,594
    Filer's total
    $210,799

  • Jeffrey Church

    Pharmacist

    Total calculated
    $192,902
    From this org
    $168,738
    From related orgs
    $0
    Other
    $24,164
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,303
    Bonus
    $0
    Other
    $22,435
    Deferred
    $10,400
    Nontaxable benefits
    $13,764
    Filer's total
    $192,902

  • Gregory Urban

    Administrator

    Total calculated
    $182,681
    From this org
    $160,948
    From related orgs
    $0
    Other
    $21,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,624
    Bonus
    $0
    Other
    $11,324
    Deferred
    $4,976
    Nontaxable benefits
    $16,757
    Filer's total
    $182,681

  • Jacob Anderson

    Administrator

    Total calculated
    $175,807
    From this org
    $159,951
    From related orgs
    $0
    Other
    $15,856
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,585
    Bonus
    $0
    Other
    $10,366
    Deferred
    $3,485
    Nontaxable benefits
    $12,371
    Filer's total
    $175,807

  • James McQuaid

    Past Chief Pharmacy Officer

    Total calculated
    $183,412
    From this org
    $161,990
    From related orgs
    $0
    Other
    $21,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $116,225
    Bonus
    $0
    Other
    $45,765
    Deferred
    $4,601
    Nontaxable benefits
    $16,821
    Filer's total
    $183,412

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 · Independent compensation consultant

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202541279349301419

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