Overview
What is Freeman Forest Housing Corp?
Freeman Forest Housing Corp is a nonprofit organization situated in Bangor, Maine. Their primary mission is to operate a 22-unit low-income housing development in Orono, Maine. This development aims to provide decent, safe, and sanitary housing for the elderly and disabled residents. The project is subsidized by the USDA Rural Development, ensuring both the mortgage and rental income are secured. Freeman Forest Housing Corp plays a vital role in providing shelter and enhancing the living conditions for this specific demographic in the community.
Is Freeman Forest Housing Corp legitimate?
Freeman Forest Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeman Forest Housing Corp 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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What is the mission statement of Freeman Forest Housing Corp?
Freeman Forest Housing Corp's mission is centered around operating a 22-unit low-income housing development. This development is specifically designed to cater to the elderly and disabled, ensuring they reside in decent, safe, and sanitary living conditions. The corporation achieves this mission with the assistance of the USDA Rural Development, which subsidizes the development's mortgage and rental income. The primary goal is to provide a secure and comfortable living space for these vulnerable groups, thereby enhancing their quality of life.
Who is the CEO of Freeman Forest Housing Corp?
Dwight Hasbrouck is the Vice Preside of Freeman Forest Housing Corp.
What is the revenue of Freeman Forest Housing Corp?
Freeman Forest Housing Corp's revenue in 2022 was $273,208.
Who are the executives of Freeman Forest Housing Corp and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Freeman Forest Housing Corp?
Freeman Forest Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freeman Forest Housing Corp
Freeman Forest Housing Corp is committed to operating a 22-unit low-income housing development. The primary aim of this organization is to provide decent, safe, and sanitary housing for the elderly and/or disabled individuals. Notably, the development is subsidized by the USDA Rural Development, ensuring that both the mortgage and rental income are adequately supported. In essence, Freeman Forest Housing Corp strives to create a living environment that promotes the well-being and comfort of its residents, catering specifically to the needs of the elderly and disabled population.
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Impact
October, 2024
Freeman Forest Housing Corp plays a vital role in the Orono, Maine community by offering 22 units of low-income housing specifically designed for the elderly and disabled. By providing decent, safe, and sanitary living conditions, it addresses critical housing needs for these vulnerable populations. The development is funded through subsidies from USDA Rural Development, ensuring that the financial burden of housing is alleviated for residents who may otherwise struggle to afford suitable accommodation. This initiative contributes to the overall well-being of its inhabitants, fostering a sense of security and community. The provision of affordable housing not only enhances individual quality of life but also supports social stability in the region.
This information is meant to be a general summary of Freeman Forest Housing Corp. 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 2022.
- Investment Income: $340
- Program Service Revenue: $272,868
- Gross Receipts: $273,208
Assets and Liabilities:
- Total Assets: $907,545
- Total Liabilities: $1,130,150
- Net Assets: -$222,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$272,868
Organization Details
Founding Year
2006
Phone
(207) 947-6795Principal Officer
Dwight Hasbrouck
Main Address
PO BOX 2219, BANGOR, ME, 044022219
NTEE Category
Code: L20 - Housing
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