Avesta Housing Management Corporation

Organization Overview

Avesta Housing Management Corporation is located in Portland, ME. The organization was established in 2019. 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 12/2021, Avesta Housing Management Corporation employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avesta Housing Management 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, Avesta Housing Management Corporation generated $8.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $8.3m during the year ending 12/2021. While expenses have increased by 7.9% 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

2021

Describe the Organization's Mission:

Part 3 - Line 1

MANAGEMENT OF LOW INCOME HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL EXPENSES RELATE TO MANAGEMENT OF LOW INCOME ELDERLY HOUSING AND SECTION 8 EXISTING HOUSING RENTAL PROGRAMS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,300
All other contributions, gifts, grants, and similar amounts not included above$83,350
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$89,650
Total Program Service Revenue$8,168,725
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 $8,258,375

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Avesta Housing Management Corporation has recieved totaling $5,000.

Awarding OrganizationAmount
$5,000
View Grant Recipient Profile

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