Penobscot Area Housing Development Corp
- Assets
- $0.0
- Revenue
- $560.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 11/1978
- Data as of
- 06/2021
- EIN
- 01-0357167
Organization Overview
Penobscot Area Housing Development Corp is located in Bangor, ME. The organization was established in 1978. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penobscot Area Housing Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Penobscot Area Housing Development Corp generated $560.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $561.9k during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edna K Taber President | 1 | $0 | |
Edward Gould ESQ Secretary | 1 | $0 | |
Paul Kelley Director | 1 | $0 | |
Jamie Jordan Director | 1 | $0 | |
Joan Ferrell Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $449,082 |
| Total Revenue | $560,828 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $62,365 |
| Depreciation | $9,203 |
| Occupancy | $14,350 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $561,891 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $561,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,354 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $650 |
| Mortgages and other notes payable | $80,320 |
| Other liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Bridges Inc Concord, NH | $17,325,387 | $49,860,729 |
One Sky Community Services Inc Portsmouth, NH | $8,544,099 | $39,302,747 |
Nashua Childrens Home Nashua, NH | $7,406,793 | $6,997,340 |
Independence Advocates Of Maine Inc Orono, ME | $6,166,615 | $5,230,065 |
Amicus Bangor, ME | $4,288,541 | $4,898,793 |
New Beginnings Inc Lewiston, ME | $4,965,912 | $2,943,859 |
Dover Childrens Home Dover, NH | $6,553,743 | $2,638,429 |
Orion House Inc Newport, NH | $501,493 | $1,236,543 |
Wayfinder Schools Camden, ME | $7,315,543 | $630,794 |
Penobscot Area Housing Development Corp Bangor, ME | $0 | $560,828 |
Chase Home For Children In Portsmouth N H Portsmouth, NH | $10,950,106 | $564,034 |
Sonata Housing Inc Center Conway, NH | $588,262 | $509,515 |