Overview
What is Avesta Housing Development Corporation?
Avesta Housing Development Corporation, based in Portland, Maine, is a nonprofit organization dedicated to the development and maintenance of affordable housing for low-income elderly residents and those enrolled in the Section 8 Rental Program. With a team of 57 employees, they focus on improving access to comfortable and secure housing solutions. Their mission is to provide essential housing services and better living conditions for those in need.
Is Avesta Housing Development Corporation legitimate?
Avesta Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avesta Housing Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $901,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,548,869
For more financial information, click here
Mission Statement of Avesta Housing Development Corporation
Avesta Housing Development Corporation is a dedicated organization that focuses on the development and maintenance of affordable housing for low-income individuals. This mission extends to elder housing and the administration of Section 8 Existing Housing Rental Programs.
In essence, Avesta Housing Development Corporation strives to create and preserve affordable living environments for those in need. Their efforts encompass the development of new structures for the elderly, as well as the upkeep of existing rentals under the Section 8 program. By providing affordable housing solutions, they contribute significantly to the wellbeing and stability of their residents.
Affordable housing remains a crucial aspect of ensuring the overall health and productivity of communities. With Avesta Housing Development Corporation, the development and maintenance of such housing becomes a priority. They invest in the future of their residents, creating safe, comfortable spaces where individuals and families can build a foundation for a better tomorrow.
Avesta Housing Development Corporation's commitment to affordable housing is unwavering. Through their development projects and the maintenance of their rental properties, they consistently aim to improve the lives of low-income individuals, making a positive impact on their communities.
Impact
This information is meant to be a general summary of Avesta Housing Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Avesta Housing Development Corporation provides vital support to low-income individuals and families by developing and maintaining affordable housing options. Through its focus on low-income elderly housing and Section 8 rental programs, Avesta contributes to the well-being and stability of vulnerable populations in Portland, Maine. By ensuring access to safe and affordable housing, Avesta makes a significant impact in the community by addressing a critical need for housing security among those most in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT OPERATIONS
Revenue
$4,133,943
TENANT RENTS
Revenue
$2,133,910
LAUNDRY & MISCELLANEOUS
Revenue
$570,249
STATE REFUNDABLE CREDITS
Revenue
$369,045
Organization Details
Founding Year
1972
Phone
(207) 553-7777
Principal Officer
Eric Boucher
Main Address
307 CUMBERLAND AVENUE, PORTLAND, ME, 04101
NTEE Category
Code: L210 - Housing
If you are a representative of Avesta Housing Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.