Winter Harbor Housing Development Corporation
- Assets
- $240.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Winter Harbor, ME
- Founding
- 04/1974
- Data as of
- 12/2021
- EIN
- 23-7356332
Organization Overview
Winter Harbor Housing Development Corporation is located in Winter Harbor, ME. The organization was established in 1974. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Winter Harbor Housing Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Winter Harbor Housing Development Corporation generated $167.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $170.1k during the year ending 12/2021. While expenses have increased by 1.8% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING FOR ELDERLY LOW INCOME INDIVIDUALS IN WINTER HARBOR, MAINE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Drinkwater President | 5 | $0 | |
Molly Blair Vice President | 5 | $0 | |
Linda Whitney Secretary/treasurer | 5 | $0 | |
Earl Blackney Director | 5 | $0 | |
Roseanne Shafer Director | 5 | $0 | |
Johanna Smith Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,525 |
| Total Program Service Revenue | $69,839 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $81 |
| Total Revenue | $167,445 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,701 |
| Occupancy, rent, utilities, and maintenance | $20,570 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $146,861 |
| Total expenses | $170,132 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,947 |
| Other assets | $0 |
| Total assets | $240,814 |
| Total liabilities | $408,575 |
| Net assets or fund balances | -$167,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harbor Homes Inc Nashua, NH | $29,802,318 | $34,009,669 |
Coastal Enterprises Inc Brunswick, ME | $100,877,671 | $43,453,136 |
New Communities Inc Westbrook, ME | $21,168,953 | $23,774,102 |
Avesta Housing Development Corporation Portland, ME | $69,411,595 | $13,114,873 |
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Housing Benefits Manchester, NH | $19,848,686 | $2,975,053 |
Community Housing Of Maine Inc Portland, ME | $35,247,004 | $3,832,747 |
Village Square Housing Corporation Portland, ME | $5,696,859 | $2,944,780 |
Diocesan Bureau Of Housing Deering Pavilion Portland, ME | $10,086,881 | $2,452,298 |
United States Catholic Conference Portland, ME | $5,797,365 | $1,499,768 |
Rural Housing For The Elderly Manchester, NH | $3,090,190 | $1,063,291 |
Berry Park Housing Corporation Portland, ME | $4,394,655 | $939,723 |