Housing Initiatives Of New England

Organization Overview

Housing Initiatives Of New England is located in Scarborough, ME. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Housing Initiatives Of New England employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Initiatives Of New England 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, Housing Initiatives Of New England generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. 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

LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAINED EIGHT (8) QUALITY LOW-INCOME ELDERLY AND FAMILY (SECTION 8) PROJECTS AND PRESERVED THEM FOR LOW-INCOME HOUSING PURPOSES.


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Board, Officers & Key Employees

Name (title)Compensation
Cynthia J Milliken Taylor
President
$333,586
William W Walker
Employee
$211,699
David Silk
Chairperson
$0
Timothy Hassett
Treasurer
$0
Jane O'rourke
Secretary
$0
Marc Poulin
Vice President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Stewart Property Management
Management And Administrative
$371,741
Crockett Taylor And Co
Consulting
$196,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,829,595
All other contributions, gifts, grants, and similar amounts not included above$100,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,929,595
Total Program Service Revenue$2,847,673
Investment income $1,140,050
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,113,194
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,030,512

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Housing Initiatives Of New England has recieved totaling $100,000.

Awarding OrganizationAmount
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$100,000
View Grant Recipient Profile

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