Mattanawcook Terrace Housing Corp

Organization Overview

Mattanawcook Terrace Housing Corp, operating under the name Corporation, is located in Bangor, ME. The organization was established in 1977. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Corporation generated $213.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $213.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE DECENT, SAFE AND CLEAN SUBSIDIZED HOUSING TO ELDERLY RESIDENTS OF THE GREATER LINCOLN, MAINE AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OPERATES AND MANAGES A 25 UNIT HOUSING COMPLEX PROVIDING DECENT, SAFE AND CLEAN HOUSING TO ELDERLY RESIDENTS IN THE GREATER LINCOLN, MAINE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
David Cust
Vice Preside
$0
Kim Pelkey
Secretary
$0
Russell Stanley
President
$0
Jon Pelkey
Director
$0
Angela Stanley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$208,313
Investment income $102
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $213,603

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