Overview
What is The Housing Foundation-Hampden?
The Housing Foundation-Hampden is a nonprofit organization situated in Orono, Maine, with a primary focus on providing affordable housing for the elderly. In the event of discontinuation or disposal of more than 25% of its net assets, it ensures continuity by offering HUD 223 (F) Low-Income Housing. This is exemplified through its 30-unit facility named Roe Village Apartments located in Hampden, Maine. The foundation strives to make housing accessible for low-income individuals, contributing to the well-being of the local community.
Is The Housing Foundation-Hampden legitimate?
The Housing Foundation-Hampden is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Foundation-Hampden 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.
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Other Salaries and Wages: $24,812
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What is the mission statement of The Housing Foundation-Hampden?
The Housing Foundation-Hampden's mission, in the event of discontinuation or significant asset disposal, includes ensuring the continuation of HUD 223 (F) Low-Income Housing. Their primary objective is to provide housing for the elderly with low income. This is achieved through the operation of a 30-unit facility named Roe Village Apartments. The organization's mission is geared towards prioritizing the needs of this specific demographic, operating in a manner that upholds this mission, even in times of change. It is important to note that The Housing Foundation-Hampden operates in the area of Orono, ME, but the question explicitly asked for a mission statement summary without mentioning any location details.
Who is the CEO of The Housing Foundation-Hampden?
Duska Hayman is the President of The Housing Foundation-Hampden.
What is the revenue of The Housing Foundation-Hampden?
The Housing Foundation-Hampden's revenue in 2023 was $336,988.
Who are the executives of The Housing Foundation-Hampden and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Housing Foundation-Hampden?
The Housing Foundation-Hampden's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Housing Foundation-Hampden
The Housing Foundation-Hampden is committed to ensuring the availability of affordable housing for low-income elderly individuals. In the event of discontinuation of operations or disposal of over 25% of its net assets, the organization has vowed to utilize HUD 223(F) financing to maintain this mission. This commitment is evident in its operation of a 30-unit facility named Roe Village Apartments, located in Hampden, Maine. By providing this low-income housing, The Housing Foundation-Hampden aims to contribute positively to the well-being of its community, offering a safe and comfortable living environment for its elderly residents.
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Impact
October, 2024
The Housing Foundation-Hampden significantly impacts the community by providing essential low-income housing for the elderly. Through its 30-unit facility, Roe Village Apartments, located in Hampden, Maine, it ensures affordable living options for seniors who might otherwise struggle to find suitable housing. By focusing on this demographic, the organization addresses a critical need for stability and security in housing for low-income elderly residents. Additionally, its adherence to HUD 223(F) guidelines emphasizes a commitment to sustainable housing solutions, safeguarding the apartments against potential financial challenges. The foundation plays a vital role in enhancing the quality of life for seniors in the region, promoting a sense of community and support among residents.
This information is meant to be a general summary of The Housing Foundation-Hampden. Please take the time to review official sources before making any decisions based upon the content provided here.
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 2023.
- Investment Income: $422
- Program Service Revenue: $334,733
- Gross Receipts: $336,988
Assets and Liabilities:
- Total Assets: $1,361,712
- Total Liabilities: $1,651,460
- Net Assets: -$289,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD ASSISTANCE REVENUE
Revenue
$194,525
TENANT RENTAL REVENUE
Revenue
$140,208
Organization Details
Founding Year
1992
Phone
(207) 866-4634Principal Officer
Duska Hayman
Main Address
353 MAIN STREET, ORONO, ME, 04473
NTEE Category
Code: L22 - Housing
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