Housing Foundation

Organization Overview

Housing Foundation is located in Orono, ME. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Housing Foundation 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 06/2023, Housing Foundation generated $337.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $366.1k during the year ending 06/2023. While expenses have increased by 3.6% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HUD 223(F) LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES LOW-INCOME HOUSING WITH A 30 UNIT FACILITY KNOWN AS ROE VILLAGE APARTMENTS LOCATED IN HAMPDEN, MAINE.


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Board, Officers & Key Employees

Name (title)Compensation
John Mccormack
President
$0
Elizabeth Bicknell
Vice-President
$0
Lynne Spooner
Treasurer
$0
Patty Kenny
Secretary
$0
Kerry Sack
Director
$0
Judy Whitney
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$334,733
Investment income $422
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 $336,988

Peer Organizations

Organization NameAssets
Avesta Housing Management Corporation
Portland, ME
$9,393,648
State Street Housing Preservation Corporation
Portland, ME
$3,547,494
Monadnock Affordable Housing Corporation
Keene, NH
$5,603,339
Affordable Housing Education And Development Inc
Littleton, NH
$3,587,492
Bath Housing Development Corporation
Bath, ME
$3,223,929
Bartlett Woods Inc
Rockland, ME
$2,728,291
Housing Foundation
Orono, ME
$2,895,028
Manchester Neighborhood Housing Services Inc
Manchester, NH
$3,471,294
Habitat For Humanity York County
Kennebunk, ME
$2,878,715
Four Directions Development Corporation
Orono, ME
$2,551,410
Laconia Area Community Land Trust
Laconia, NH
$3,001,373
Habitat For Humanity Of Greater Portland Inc
Portland, ME
$1,824,641
Community Concepts Finance Corp
Lewiston, ME
$1,681,821
Housing Foundation Phase 1 & 2
Orono, ME
$2,144,243
Alliance Asset Management Inc
Concord, NH
$1,644,393
Habitat For Humanity International Inc
Rockport, ME
$1,704,074
Concord Area Trust For Community Housing
Concord, NH
$1,584,209
Freeport Housing Trust Inc
Freeport, ME
$1,434,260
Old Town Residential Services Corporation
Old Town, ME
$970,612
Penquis Development Inc
Bangor, ME
$1,349,299
Saco Housing Development Corp
Portland, ME
$936,693
United Pejepscot Housing Inc Pejepscot Terrace
Brunswick, ME
$1,081,458
Housing Partnership
Portsmouth, NH
$659,312
Coastal Affordable Housing
Hope, ME
$753,414
Lewiston-Auburn Area Housing Development Corporation
Lewiston, ME
$336,271

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