Overview
What is Portland Housing Development Corporation?
Portland Housing Development Corporation is a nonprofit organization committed to addressing the housing needs of lower-income individuals. Their main activities involve constructing affordable housing units, providing rent supplements to help make housing more accessible, and offering essential support services. This comprehensive approach aims to ensure that residents in need have a stable living situation, enhancing their overall well-being.
Is Portland Housing Development Corporation legitimate?
Portland Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Portland 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Portland Housing Development Corporation?
The Portland Housing Development Corporation is dedicated to constructing affordable housing units for individuals with lower income levels. Beyond this, the organization provides rent supplements to assist those residing in these properties. Additionally, the corporation offers support services to enhance the living conditions of its residents. The primary goal of Portland Housing Development Corporation is to ensure that lower-income individuals have access to adequate and comfortable housing.
Who is the CEO of Portland Housing Development Corporation?
Brian Frost is the Former Presi of Portland Housing Development Corporation.
What is the revenue of Portland Housing Development Corporation?
Portland Housing Development Corporation's revenue in 2022 was $5,230,784.
Who are the executives of Portland Housing Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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- Related: $163,013
- Other: $27,002
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- Related: $115,563
- Other: $10,608
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Where can I find the form 990 for Portland Housing Development Corporation?
Portland Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portland Housing Development Corporation
Portland Housing Development Corporation, a nonprofit organization, is dedicated to constructing affordable housing for individuals with lower incomes. Beyond building homes, this organization also offers rent supplements and provides essential support services. The primary goal of Portland Housing Development Corporation is to ensure that low-income residents have access to safe and comfortable living spaces. By combining housing construction with financial assistance and additional resources, the corporation aims to enhance the quality of life for those in need.
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Impact
October, 2024
Portland Housing Development Corporation significantly impacts the community by constructing low-income housing, providing rent supplements, and offering vital support services. Its initiatives are designed to create accessible housing options for lower-income residents in Portland, ME. By addressing the urgent need for affordable housing, the organization helps stabilize neighborhoods, reduce homelessness, and enhance the overall quality of life for vulnerable populations. The comprehensive approach—including construction efforts and financial assistance—ensures that individuals and families have the opportunity to thrive in a stable living environment.
This information is meant to be a general summary of Portland Housing Development Corporation. 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: $29,809
- Program Service Revenue: $1,874,570
- Gross Receipts: $5,230,784
Assets and Liabilities:
- Total Assets: $11,772,178
- Total Liabilities: $3,171,188
- Net Assets: $8,600,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$1,347,000
TENANT INCOME
Revenue
$287,044
MISCELLANEOUS INCOME
Revenue
$240,526
Organization Details
Founding Year
1983
Phone
(207) 773-4753Principal Officer
Brian Frost
Main Address
14 BAXTER BLVD, PORTLAND, ME, 04103
NTEE Category
Code: L20 - Housing
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