Overview
What is Edgecomb Woods C/O Avesta Housing?
Edgecomb Woods C/O Avesta Housing is a nonprofit organization, specifically focused on the development and management of a 24-unit apartment complex in Windham, Maine. This facility is designed to cater to individuals with special needs and living requirements, ensuring they have suitable housing options. The organization's mission, as determined by the U.S. Department of HUD, is to provide affordable housing tailored to the unique needs and requirements of eligible occupants. This commitment to affordability and accessibility reflects a dedication to enhancing the living situations of those with specific needs in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Edgecomb Woods C/O Avesta Housing has achieved a 79% rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization has received a perfect score for its independent board composition, with all 18 members being independent, and it has maintained transparency with no material diversion of assets. The charity also demonstrates solid governance practices with policies in place for conflicts of interest, whistleblower protection, and document retention.
The organization excels in program expenses, with a ratio of 100%, indicating that all resources are directed toward its mission-related activities. This financial efficiency is a positive aspect of its overall operational health. However, the salaries of key personnel are notable, with the CEO's compensation at $238,190 and other executives earning significant sums as well, which may raise questions about resource allocation for some stakeholders.
Overall, while Edgecomb Woods C/O Avesta Housing showcases strong governance and financial practices, the high salaries of its leadership may be a point of consideration for potential donors evaluating the charity's effectiveness and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Edgecomb Woods C/O Avesta Housing legitimate?
Edgecomb Woods C/O Avesta Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edgecomb Woods C/O Avesta Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Edgecomb Woods C/O Avesta Housing?
Edgecomb Woods, under the management of Avesta Housing, is committed to providing affordable housing that caters to the unique needs and requirements of eligible individuals, as defined by the U.S. Department of HUD. Their mission is primarily focused on creating housing solutions that cater to this specific group, ensuring they have a suitable living environment. In practice, this translates into the development and management of a 24-unit apartment complex in Windham, Maine, designed specifically for individuals with special needs and living requirements.
Who is the CEO of Edgecomb Woods C/O Avesta Housing?
Eric Boucher is the Director of Edgecomb Woods C/O Avesta Housing. The CEO's salary of Edgecomb Woods C/O Avesta Housing is $0 and their total compensation is $226,435.
What is the revenue of Edgecomb Woods C/O Avesta Housing?
Edgecomb Woods C/O Avesta Housing's revenue in 2022 was $203,253.
Who are the executives of Edgecomb Woods C/O Avesta Housing and what are their salaries?
Here are 23 key members and their salaries (Edgecomb Woods C/O Avesta Housing's CEO's salary is $0 and their total compensation is $226,435):
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- Related: $238,190
- Other: $47,500
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- Related: $141,377
- Other: $16,009
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- Related: $178,194
- Other: $41,000
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- Related: $185,435
- Other: $41,000
- Compensation: $0
- Related: $157,819
- Other: $27,000
Where can I find the form 990 for Edgecomb Woods C/O Avesta Housing?
Edgecomb Woods C/O Avesta Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Edgecomb Woods C/O Avesta Housing
Edgecomb Woods C/O Avesta Housing, a nonprofit organization, is dedicated to providing affordable housing that caters to the unique needs and requirements of eligible occupants, as determined by the U.S. Department of HUD. This mission is carried out through the development and management of a 24-unit apartment complex. The facility is specifically designed to accommodate individuals with special needs and living requirements, offering them a secure and suitable living space. By fulfilling this mission, Edgecomb Woods C/O Avesta Housing contributes to the well-being and housing stability of individuals who may face challenges in finding suitable housing options.
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Impact
October, 2024
Edgecomb Woods C/O Avesta Housing significantly enhances the community by providing affordable housing tailored to the unique needs of eligible individuals, particularly those with special requirements. Located in Windham, Maine, the development features a 24-unit apartment complex designed specifically to accommodate residents with disabilities or other specialized living needs.
By addressing the housing crisis for vulnerable populations, Edgecomb Woods plays a crucial role in promoting inclusivity and stability, fostering a supportive environment that allows residents to thrive. This initiative not only helps to alleviate the burden of housing costs but also contributes to improved quality of life for its occupants, empowering them to live independently while ensuring they have access to necessary resources. Through its commitment to affordable, suitable housing, Edgecomb Woods exemplifies a proactive approach to community wellbeing and inclusivity.
This information is meant to be a general summary of Edgecomb Woods C/O Avesta Housing. 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: $80
- Program Service Revenue: $131,570
- Gross Receipts: $203,253
Assets and Liabilities:
- Total Assets: $1,688,543
- Total Liabilities: $2,225,609
- Net Assets: -$537,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$128,766
LAUNDRY/VENDING/MISCEL
Revenue
$2,804
Organization Details
Founding Year
2000
Phone
(207) 553-7777Principal Officer
Eric Boucher
Main Address
307 CUMBERLAND AVENUE, PORTLAND, ME, 04101
NTEE Category
Code: L22 - Housing
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