Northern New England Housing Investment Fund
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, ME
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 22-3211235
Organization Overview
Northern New England Housing Investment Fund is located in Portland, ME. The organization was established in 1993. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Northern New England Housing Investment Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER LOW-INCOME HOUSING IN THE STATES OF MAINE AND NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITATED EQUITY FINANCING FOR LOW-INCOME HOUSING AND PROVIDED CONSULTING SERVICES TO DEVELOPERS OF SUCH HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cullen Ryan Co-Chair | OfficerTrustee | 1 | $0 |
John Vogel Co-Chair | OfficerTrustee | 1 | $0 |
Art Casavant Assistant Treasurer | OfficerTrustee | 1 | $0 |
Charlie Baker Secretary | OfficerTrustee | 1 | $0 |
William Shanahan Co-President | Officer | 1 | $0 |
Nancy Owens Co-President | Officer | 1 | $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 | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Northern New England Housing Investment Fund has awarded $40,416 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MAINE AFFORDABLE HOUSING COALITION PURPOSE: ADVOCACY OF AFFORDABLE HOUSING DEVELOPMENT | $15,000 |
HOUSING ACTION NEW HAMPSHIRE PURPOSE: ADVOCACY OF AFFORDABLE HOUSING DEVELOPMENT | $15,000 |
THE NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS PURPOSE: ADVOCACY OF AFFORDABLE HOUSING DEVELOPMENT | $10,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Fenway Community Development Corp Boston, MA | $34,067,808 | $3,370,772 |
Metro West Collaborative Development Inc Newton, MA | $10,716,261 | $1,645,625 |
House Of Hope Housing Inc Lowell, MA | $8,436,153 | $947,848 |
Yarock Memorial Housing Inc Worcester, MA | $5,078,488 | $970,124 |
Cape Cod Village Inc Orleans, MA | $6,745,947 | $242,283 |
Chelsea Restoration Corporation Chelsea, MA | $2,245,879 | $362,119 |
Crotched Mountain Of New York-East Greenbush Inc Manchester, NH | $442,647 | $209,536 |
Friends Development Corporation Boston, MA | $1,035,304 | $250,677 |
Framingham Housing Development Corporation Ii Framingham, MA | $1,940,036 | $196,650 |