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. As of 09/2022, Housing Foundation employed 43 individuals. 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 09/2022, Housing Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.4m during the year ending 09/2022. While expenses have increased by 0.0% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRIMARILY, TO PROVIDE LOW-INCOME HOUSING AND THE RELATED MANAGEMENT SERVICES. SECONDARILY, TO PROVIDE CHILD CARE SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Duska Hayman
Executive Director
$88,261
Lynne Spooner
Treasurer
$0
Patty Kenny
Secretary
$0
John Mccormack
President
$0
Elizabeth Bicknell
Vice-President
$0
Kerry Sack
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $232,053
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$232,053
Total Program Service Revenue$2,599,812
Investment income $2,601
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$4,708
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,829,758

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