Overview
What is Pine Tree Housing Agency C/O Avesta Housing?
Pine Tree Housing Agency C/O Avesta Housing is a nonprofit organization based in Portland, Maine, with a specific focus on developing, owning, and managing affordable housing units. Their mission is to provide residential subsidized housing for qualified individuals, ensuring accessibility to those who might otherwise struggle. Located at 307 Cumberland Avenue, this organization contributes significantly to the housing market in Maine, offering a valuable service to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
Pine Tree Housing Agency, part of Avesta Housing, has received an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization's score is based entirely on its Accountability & Finance metrics, which showcases a detailed evaluation of its financial practices and governance.
The agency stands out with a perfect score in several key areas, including having a fully independent board of directors and no material diversion of assets. The organization's robust governance policies, including conflict of interest and whistleblower policies, contribute to its strong financial management practices. Additionally, the agency maintains a favorable liabilities to assets ratio and directs all of its expenses toward its programs, indicating effective fund utilization.
While the scores highlight the organization's strengths, there are no specific limitations mentioned in the data. Overall, Pine Tree Housing Agency demonstrates a high level of responsibility and efficiency in its operations, making it a trustworthy choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Pine Tree Housing Agency C/O Avesta Housing legitimate?
Pine Tree Housing Agency C/O Avesta Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pine Tree Housing Agency 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 Pine Tree Housing Agency C/O Avesta Housing?
Pine Tree Housing Agency, under the umbrella of Avesta Housing, is dedicated to a mission that involves the development, ownership, and management of residential subsidized housing units. This mission is aimed at providing accommodations for qualified individuals who may require such assistance. By overseeing the development and management of affordable housing, this agency contributes significantly to addressing housing needs within a community, without specifying the exact location.
Who is the CEO of Pine Tree Housing Agency C/O Avesta Housing?
Dana Totman is the Chief Executive Officer of Pine Tree Housing Agency C/O Avesta Housing. The CEO's salary of Pine Tree Housing Agency C/O Avesta Housing is $0 and their total compensation is $226,435.
What is the revenue of Pine Tree Housing Agency C/O Avesta Housing?
Pine Tree Housing Agency C/O Avesta Housing's revenue in 2022 was $78,202.
Who are the executives of Pine Tree Housing Agency C/O Avesta Housing and what are their salaries?
Here are 23 key members and their salaries (Pine Tree Housing Agency C/O Avesta Housing's CEO's salary is $0 and their total compensation is $226,435):
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- Related: $238,190
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- Related: $185,435
- Other: $41,000
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- Related: $157,819
- Other: $27,000
Where can I find the form 990 for Pine Tree Housing Agency C/O Avesta Housing?
Pine Tree Housing Agency C/O Avesta Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pine Tree Housing Agency C/O Avesta Housing
Pine Tree Housing Agency C/O Avesta Housing is dedicated to a mission that involves the development, ownership, and management of residential subsidized housing units for qualified individuals. In simpler terms, this nonprofit organization works towards providing affordable housing solutions for those in need. By undertaking this activity, Pine Tree Housing Agency C/O Avesta Housing contributes significantly to the housing sector in Maine. Their mission is not just about constructing buildings, but rather, it's about creating safe, subsidized living spaces that cater to the needs of qualified individuals. The organization's primary goal is to make a positive impact on the community by ensuring that everyone, regardless of their financial circumstances, has access to decent housing.
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Impact
August, 2024
Pine Tree Housing Agency C/O Avesta Housing's impact lies in its crucial role in developing, owning, and managing residential subsidized housing units for qualified individuals in the state of Maine. By focusing on the development and management of affordable housing, this organization directly contributes to addressing the pressing need for housing options for low-income individuals in Portland, ME. Through their mission to provide subsidized housing units, Pine Tree Housing Agency C/O Avesta Housing plays a significant role in promoting access to safe and affordable housing for those in need.
This information is meant to be a general summary of Pine Tree Housing Agency 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: $78,202
- Gross Receipts: $1,990,823
Assets and Liabilities:
- Total Assets: $5,563,558
- Total Liabilities: $0
- Net Assets: $5,563,558
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Organization Details
Founding Year
2002
Phone
(207) 553-7777Principal Officer
Dana Totman
Main Address
307 CUMBERLAND AVENUE, PORTLAND, ME, 04101
NTEE Category
Code: T20 - Philanthropy
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