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Freeport Housing Trust Inc

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

EIN: 010449761 ✦ Freeport, ME ✦ Designated as a 501(c)(3)

Overview

What is Freeport Housing Trust Inc?

Freeport Housing Trust Inc is a nonprofit organization committed to addressing the housing needs of low-income individuals. Established with two primary programs, they operate Maplewood Terrace, a 18-unit housing project, and Village View, a 30-unit housing project. Their mission is centered around providing affordable housing, aiming to enhance the living standards of their residents. The Trust's activities encompass managing and maintaining these projects, ensuring that low-income families have access to secure and comfortable living spaces.


Is Freeport Housing Trust Inc legitimate?

Freeport Housing Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeport Housing Trust Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $79,919
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Freeport Housing Trust Inc?
Who is the CEO of Freeport Housing Trust Inc?
What is the revenue of Freeport Housing Trust Inc?
Who are the executives of Freeport Housing Trust Inc and what are their salaries?
Where can I find the form 990 for Freeport Housing Trust Inc?

Mission Statement of Freeport Housing Trust Inc

Freeport Housing Trust, a nonprofit organization, is committed to providing low-income housing for individuals in need. To achieve this mission, the Trust operates two distinct projects: Maplewood Terrace, a 18-unit housing complex, and Village View, a 30-unit facility. These projects are specifically designed to cater to individuals with limited financial resources, offering them a safe and affordable living space. By offering these housing solutions, Freeport Housing Trust aims to contribute to the well-being and stability of its residents, thereby playing a significant role in their overall quality of life.

Impact

This information is meant to be a general summary of Freeport Housing Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Freeport Housing Trust Inc positively impacts the community by providing low-income housing through its programs. The organization operates Maplewood Terrace, an 18-unit low-income housing project, and Village View, a 30-unit low-income housing project in Freeport, ME. By offering affordable housing options, Freeport Housing Trust Inc helps individuals and families in need to secure safe and stable living conditions. This contributes to creating a more inclusive and supportive community for all residents.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $62,669
  • Program Service Revenue: $1,830,697
  • Gross Receipts: $1,893,366

    • Assets and Liabilities:
  • Total Assets: $8,269,545
  • Total Liabilities: $3,815,173
  • Net Assets: $4,454,372
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT RENT

    Revenue

    $1,162,089

    DEVELOPMENT FEES

    Revenue

    $410,285

    FLOWTHROUGH PAYMENTS -

    Revenue

    $239,201

    LAUNDRY/MISCELLANEOUS

    Revenue

    $16,572

    INCENTIVE MANAGEMENT F

    Revenue

    $2,550

    Organization Details

    Founding Year

    1989

    Principal Officer

    Chris Roney

    Main Address

    24 SOUTH STREET SUITE A, FREEPORT, ME, 04032

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Freeport Housing Trust Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.