Bath Housing Development Corporation

Organization Overview

Bath Housing Development Corporation is located in Bath, ME. The organization was established in 1994. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Bath Housing Development Corporation 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 12/2021, Bath Housing Development Corporation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 10.6% per year over the past 7 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO FOSTER, ENCOURAGE, PARTICIPATE IN, FINANCE, OWN, OPERATE, PROMOTE AND ADVANCE THE DEVELOPMENT OF HOUSING PROJECTS AND RELATED FACILITIES AFFORDABLE BY PRIMARILY LOW INCOME PERSONS AND FAMILIES; TO PROVIDE AFFORDABLE FINANCIAL AND TECHNICAL ASSISTANCE AND SERVICES TO LOW INCOME HOMEOWNERS; TO IMPLEMENT PROGRAMS INTENDED TO ENHANCE THE GROWTH OF SOCIAL AND ECONOMIC STABILITY FOR LOW INCOME FAMILIES; AND TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE INHABITANTS IN THE BATH, MAINE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT, IMPROVEMENT AND MANAGEMENT OF HOUSING FOR LOW INCOME PERSONS. BHDC OWNS 88 MULTI-FAMILY APARTMENTS WHICH IT RUNS IN ACCORDANCE WITH ITS CHARITABLE MISSION.


BHDC LEASES A COMMERCIAL OFFICE BUILDING TO BATH HOUSING AUTHORITY.


BHDC OPERATES COMFORTABLY HOME SERVING LOW-INCOME, OLDER ADULTS AND PEOPLE WITH DISABILITIES. THE PROGRAM CONDUCTS HOME MODIFICATIONS TO ALLOW PEOPLE TO THRIVE IN THEIR OWN HOMES.


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Board, Officers & Key Employees

Name (title)Compensation
Barbara Gaul
Chair
$0
Andrew Deci
Vice Chair
$0
Nancy Carleton
Treasurer
$0
Debora Keller
Secretary/executive Direct
$0
Julie Shea
Director
$0
CR Davis
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $620,881
All other contributions, gifts, grants, and similar amounts not included above$4,378,771
Noncash contributions included in lines 1a–1f $4,238,600
Total Revenue from Contributions, Gifts, Grants & Similar$4,999,652
Total Program Service Revenue$1,271,535
Investment income $5,209
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $13,292
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,289,688

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Bath Housing Development Corporation has recieved totaling $20,000.

Awarding OrganizationAmount
John T Gorman Foundation

Portland, ME

PURPOSE: TO SUPPORT THE COMFORTABLY HOME PROGRAM

$20,000
View Grant Recipient Profile

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