Center For Regional Prosperity is located in Portland, ME. The organization was established in 2019. According to its NTEE Classification (P02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Regional Prosperity 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, Center For Regional Prosperity generated $125.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $123.5k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
STARTING IN 2021 AND CONTINUING INTO 2023, THE CFRP SERVED AS THE FISCAL HOST FOR THE MAINE BROADBAND COALITION AND COMPLETED A MEMORANDUM OF UNDERSTANDING TO SUPPORT SHARED GOALS OF FACILITATING DIGITAL EQUITY FOR RELIABLE, AFFORDABLE AND ACCESSIBLE HIGH SPEED INTERNET FOR EVERYONE IN MAINE. ACTIVITIES ENABLED THROUGH THE PARTNERSHIP INCLUDED INCREASING PUBLIC AWARENESS; CO-DESIGNING COMMUNITY CAPACITY BUILDING EFFORTS TO SUPPORT INFRASTRUCTURE PLANNING AND A STATEWIDE DATA COLLECTION CAMPAIGN TO HELP INFORM UNDERSERVED AREAS FOR BROADBAND. IN 2023, THE MAINE BROADBAND COALITION APPLIED FOR THEIR OWN 501C3 STATUS. ONCE THAT IS OBTAINED, THE CFRP WILL NO LONGER BE ACTING AS A FISCAL AGENT ON THEIR BEHALF. BEGINNING IN 2022 AND CONTINUING INTO 2023, IN RESPONSE TO THE LARGE NUMBERS OF ASYLUM SEEKERS ARRIVING IN THE REGION, THE CFRP LAUNCHED THE SAFE IN MAINE FUND TO ACCEPT CHARITABLE DONATIONS TO SUPPORT THE CREATION OF TRANSITIONAL HOUSING. TRANSITIONAL HOUSING IS SECURE HOUSING THAT IS USED TEMPORARILY BY PEOPLE TO HELP THEM GAIN STABILITY AND CONNECT THEM TO RESOURCES THAT WILL ENABLE THEM TO OBTAIN PERMANENT HOUSING. IT IS AN ESSENTIAL ELEMENT IN MAINE'S OVERALL HOUSING STOCK, AS IT CAN PROVIDE A LANDING PLACE FOR PEOPLE - LIKE ASYLUM SEEKERS - WHO ARE SITUATIONALLY HOMELESS AND WHO CAN RESOLVE THEIR HOMELESSNESS ON THEIR OWN WITH SOME SHORT-TERM ASSISTANCE. THE CREATION OF TRANSITIONAL HOUSING WILL HELP TO PROVIDE SUSTAINABLE WAY FOR THE REGION TO WELCOME AND RETAIN NEW AMERICANS WHO CAN HELP TO ADDRESS MAINE'S WORKFORCE SHORTAGE AND OTHER DEMOGRAPHIC CHALLENGES TO CREATE SHARED PROSPERITY FOR THE REGION AND THE STATE. IN EARLY 2023, THE CFRP PARTNERED WITH THE CITY OF PORTLAND AND DEVELOPERS COLLECTIVE, A LOCAL FIRM KNOWN FOR ITS WORK IN AFFORDABLE HOUSING AND EMERGENCY SHELTER, TO APPLY FOR A GRANT TO CREATE A NEW 180-BED SHELTER IN PORTLAND TO ADDRESS THE GROWING POPULATION OF PEOPLE EXPERIENCING HOMELESSNESS, INCLUDING ASYLUM SEEKERS. THE GRANT, WHICH WAS AWARDED TO THE CFRP AND ITS PARTNERS BY THE MAINE STATE HOUSING AUTHORITY (MAINEHOUSING), HAS BEEN USED TO CONVERT A 26,000 SQUARE FOOT WAREHOUSE SPACE INTO A 180- BED SHELTER WITH FOOD AND SERVICES ON SITE. SHELTER CONSTRUCTION IS UNDERWAY AND ON TRACK TO OPEN IN LATE NOVEMBER 2023. THIS SHELTER WILL HELP THE CITY OF PORTLAND AND ITS PARTNER, THE MAINE IMMIGRANTS' RIGHTS COALITION, TO PROVIDE SHELTER FOR ASYLUM SEEKERS WHILE ALSO FREEING UP SPACE AT THE CITY'S HOMELESS SERVICES CENTER FOR OTHER INDIVIDUALS EXPERIENCING HOMELESSNESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jerre Bryant President | 1 | $0 | |
Nat Tupper Treasurer | 1 | $0 | |
Ed Suslovic Secretary | 1 | $0 | |
Pious Ali Director | 1 | $0 | |
Kristina Egan Director | 1 | $0 | |
Chris Hall Director | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $125,502 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $125,502 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $25,384 |
Professional fees and other payments to independent contractors | $83,591 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $14,502 |
Total expenses | $123,477 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $131,822 |
Other assets | $0 |
Total assets | $131,822 |
Total liabilities | $131,822 |
Net assets or fund balances | $0 |