Greater Brunswick Housing Corporation
- Assets
- $17.6m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Brunswick, ME
- Founding
- 12/1998
- Data as of
- 06/2023
- 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 06/2023, Greater Brunswick Housing Corporation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.6% each year . All expenses for the organization totaled $2.3m during the year ending 06/2023. While expenses have increased by 20.8% per year over the past 8 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
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 |
John Gallagher Director | Trustee | 1 | $0 |
Anne George Director | Trustee | 1 | $0 |
Terry Kelley 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 | $3,436,263 |
| Investment income | $38,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $100,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,574,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,054 |
| 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 | $59,412 |
| Fees for services: Legal | $11,313 |
| Fees for services: Accounting | $35,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $373,935 |
| Advertising and promotion | $0 |
| Office expenses | $79,350 |
| Information technology | $1,354 |
| Royalties | $0 |
| Occupancy | $650,619 |
| Travel | $14,478 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $101,143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $501,817 |
| Insurance | $193,046 |
| All other expenses | $0 |
| Total functional expenses | $2,307,391 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,260 |
| Savings and temporary cash investments | $2,059,520 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $128,989 |
| Inventories for sale or use | $20,910 |
| Prepaid expenses and deferred charges | $101,585 |
| Net Land, buildings, and equipment | $11,815,843 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $438,119 |
| Intangible assets | $37,187 |
| Other assets | $2,765,269 |
| Total assets | $17,604,234 |
| Accounts payable and accrued expenses | $394,421 |
| Grants payable | $0 |
| Deferred revenue | $325,362 |
| 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 | $5,504,148 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $103,433 |
| Total liabilities | $6,327,364 |
| 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 | $11,276,870 |
| Total liabilities and net assets/fund balances | $17,604,234 |
Grants Awarded
Over the last fiscal year, Greater Brunswick Housing Corporation has awarded $48,560 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRUNSWICK HOUSING AUTHORITY PURPOSE: To support their program's mission. | $28,560 |
TEDFORD HOUSING PURPOSE: To support the start of their new facility. | $20,000 |