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Southern Maine Affordable Housing

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 452991030 ✦ Biddeford, ME ✦ Designated as a 501(c)(3)

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Overview

What is Southern Maine Affordable Housing?

Southern Maine Affordable Housing is a nonprofit organization dedicated to the development and management of affordable housing. Their mission is to offer quality living options, as evidenced by their recent acquisition of a 50-unit property in Biddeford for rent at affordable rates. This nonprofit organization works tirelessly to provide housing solutions that cater to various income levels, contributing to the broader community's well-being.

Is Southern Maine Affordable Housing legitimate?

Southern Maine Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Maine Affordable 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 Southern Maine Affordable Housing?

Southern Maine Affordable Housing, in its mission, focuses on developing and managing affordable housing. Their primary objective is to offer quality living options to individuals. Recent developments include the acquisition of a property in Biddeford, which now provides 50 units for affordable rent. This organization is committed to providing affordable housing solutions, ensuring that everyone has access to decent living spaces.

Who is the CEO of Southern Maine Affordable Housing?

Guy Gagnon is the President of Southern Maine Affordable Housing.

What is the revenue of Southern Maine Affordable Housing?

Southern Maine Affordable Housing's revenue in 2022 was -$25,128.

Who are the executives of Southern Maine Affordable Housing and what are their salaries?


Here are 5 key members and their salaries:


Guy Gagnon (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roch Angers (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rene Simard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne Daly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Cartier (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Southern Maine Affordable Housing?

Southern Maine Affordable Housing's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Southern Maine Affordable Housing

Southern Maine Affordable Housing, as the name suggests, is dedicated to the development and management of affordable housing. Their mission is to offer high-quality housing options to individuals and families who may not otherwise be able to afford them. Recently, they expanded their portfolio by acquiring a property in Biddeford, which now houses 50 units available for rental at affordable rates. This nonprofit organization is committed to providing accessible and comfortable living spaces, thereby contributing to the well-being of its residents.

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Impact




October, 2024

Southern Maine Affordable Housing plays a significant role in addressing the housing needs of the community by developing and managing affordable housing options. With a focus on providing quality rental opportunities, it recently acquired a property in Biddeford that consists of 50 units available at affordable rates. This initiative not only increases the availability of housing but also contributes to the economic stability of the region, helping to ensure that more residents can access safe and affordable living conditions. By enhancing the quality and quantity of affordable housing, Southern Maine Affordable Housing makes a meaningful impact on the overall well-being of the community, promoting inclusivity and improving the quality of life for its residents.




This information is meant to be a general summary of Southern Maine Affordable 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.

Revenue
-$25,128 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $300
  • Gross Receipts: $479,920

Assets and Liabilities:

  • Total Assets: $3,383,901
  • Total Liabilities: $2,982,009
  • Net Assets: $401,892

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Organization Details

Founding Year

2011

Principal Officer

Guy Gagnon

Main Address

22 South Street, Biddeford, ME, 04005

NTEE Category

Code: L20 - Housing

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