Maine Life Care Retirement Community
Also known as Piper Shores
Maine Life Care Retirement Community reported $37.0 million in revenue and $33.6 million in expenses for calendar year 2024. Of every $100 it spent, $70.96 went to program services, $29.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 89.7% of the total. The highest compensation it reported for one person was $485,016 (CEO). 16 people received more than $100,000 in reportable compensation. Revenue rose 63% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $34MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $37MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 71.0% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 29.0% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 89.7% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $485,016 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.44% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 16 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -4.0 | 10.0 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMaine Life Care provides residents with a safe and secure home community, providing for independent living needs and continued health care services for the remainder of their lives. It consists of 188 independent living units, 64 independent living cottages, 50 assisted living units, 40 skilled nursing beds, and common areas
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $463,914 | $0 | $21,102 | $485,016 |
| Finance Director Highest compensated employee, 40.00 hrs/week | $238,464 | $0 | $24,513 | $262,977 |
| COO Highest compensated employee, 40.00 hrs/week | $239,126 | $0 | $19,747 | $258,873 |
| Marketing Director Highest compensated employee, 40.00 hrs/week | $221,978 | $0 | $18,810 | $240,788 |
| Chief Nursing Officer Highest compensated employee, 40.00 hrs/week | $168,583 | $0 | $23,422 | $192,005 |
| Facilities Director Highest compensated employee, 40.00 hrs/week | $174,309 | $0 | $13,074 | $187,383 |
16 people received more than $100,000 in reportable compensation from Maine Life Care Retirement Community (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5380
- Volunteers Part I, line 625
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Landry French Construction Construction Services | $741,988 |
| PC Construction Construction Services | $577,269 |
| Seaside Painting & Maintenance Painting Services | $478,510 |
| Maine Turf & Greenery Property Services | $431,316 |
| Classic Flooring Flooring Services | $419,309 |
Individuals listed as contractors are left out. 17 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Maine Life Care Retirement Community's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Maine Life Care Retirement Community, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Maine Life Care Retirement Community spent in 2024, $70.96 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Tenderloin Neighborhood Development CorporationSan Francisco, CA · revenue $37M · programs 77.2% · 2024
- The Legacy Midtown ParkDallas, TX · revenue $37M · programs 88.7% · FY2025
- Trellis CoMinneapolis, MN · revenue $37M · programs 95.2% · 2025
- Praxis Housing InitiativesNew York, NY · revenue $37M · programs 96.0% · FY2025
- MirabellaSeattle, WA · revenue $37M · programs 83.5% · FY2025
All housing & shelter charities · Largest charities in Maine
Questions people ask
How much of Maine Life Care Retirement Community's spending goes to programs?
In calendar year 2024, Maine Life Care Retirement Community reported that 71.0% of its $33.6 million in expenses went to program services, 29.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Maine Life Care Retirement Community pay its top executive?
The largest total compensation Maine Life Care Retirement Community reported for one person in calendar year 2024 was $485,016, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Maine Life Care Retirement Community get its money?
Of $37.0 million in revenue in calendar year 2024, 1.1% came from contributions and grants and 89.7% from program service revenue (Form 990, Part VIII).
Is Maine Life Care Retirement Community a registered charity?
The IRS lists EIN 01-0496258 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523169349301327 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443069349301544 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343139349304419 · read the filing
- 2021: Form 990 for calendar year 2021, object 202201969349301760 · read the filing
- 2020: Form 990 for calendar year 2020, object 202132039349300708 · read the filing
- 2019: Form 990 for calendar year 2019, object 202001919349300925 · read the filing
All filings for EIN 01-0496258: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.