Greater Brunswick Housing Corporation
- Assets
- $11.8m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 12/1998
- Data as of
- 06/2022
- EIN
- 31-1613251
Organization Overview
Greater Brunswick Housing Corporation is located in Brunswick, ME. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Greater Brunswick Housing 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 06/2022, Greater Brunswick Housing Corporation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 20.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO INCREASE THE SUPPLY OF AFFORDABLE HOUSING IN THE REGION FOR LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF MULTIPLE LOW INCOME HOUSING DEVELOPMENTS TO VARIOUS FAMILIES IN NEED AND DEVELOPMENT OF LOW INCOME HOUSING PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Macleod President | OfficerTrustee | 1 | $0 |
Jane Scease Vice President | OfficerTrustee | 1 | $0 |
John Hodge Treasurer/secretary | OfficerTrustee | 10 | $0 |
Mark Galvez Director Of Finance | Officer | 10 | $0 |
Anne George Director | Trustee | 1 | $0 |
John Gallagher Director | Trustee | 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 | $3,158,778 |
| Investment income | $3,194 |
| 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 | $3,161,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,005 |
| 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 | $44,712 |
| Fees for services: Legal | $11,929 |
| Fees for services: Accounting | $3,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $248,110 |
| Advertising and promotion | $0 |
| Office expenses | $82,616 |
| Information technology | $1,805 |
| Royalties | $0 |
| Occupancy | $552,071 |
| Travel | $8,415 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $88,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464,779 |
| Insurance | $199,656 |
| All other expenses | $0 |
| Total functional expenses | $1,925,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,526 |
| Savings and temporary cash investments | $1,199,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $116,190 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $132,260 |
| Inventories for sale or use | $17,740 |
| Prepaid expenses and deferred charges | $52,947 |
| Net Land, buildings, and equipment | $8,032,425 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $900,790 |
| Intangible assets | $35,791 |
| Other assets | $1,282,481 |
| Total assets | $11,831,820 |
| Accounts payable and accrued expenses | $361,482 |
| Grants payable | $0 |
| Deferred revenue | $315,878 |
| 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 | $2,311,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,272 |
| Total liabilities | $3,057,320 |
| 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 | $8,774,500 |
| Total liabilities and net assets/fund balances | $11,831,820 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caring Families Inc Portland, ME | $2,183,456 | $4,430,513 |
Greater Brunswick Housing Corporation Brunswick, ME | $11,831,820 | $3,161,972 |
Habitat For Humanity International Inc Portsmouth, NH | $1,729,669 | $1,174,043 |
Habitat For Humanity International Inc Plymouth, NH | $1,886,611 | $925,959 |
Belmont Elderly Housing Inc Concord, NH | $1,640,108 | $469,467 |
Habitat For Humanity International Inc Topsham, ME | $1,185,536 | $610,759 |
Maine Housing And Building Materials Exchange Sabattus, ME | $648,887 | $277,776 |
Habitat For Humanity International Inc Hollis, NH | $1,415,374 | $379,634 |
Eastport Non-Profit Housing Corp Eastport, ME | $736,370 | $225,636 |
Cmrs Iv Inc Greenfield, NH | $466,235 | $178,234 |
Ingraham Housing Corporation Inc South Portland, ME | $1,642,948 | $195,278 |
Mattawamkeag Housing Corp Bangor, ME | $527,877 | $171,156 |