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Bath Housing Development Corporation

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

EIN: 222618694 ✦ Bath, ME ✦ Designated as a 501(c)(3)

Overview

What is Bath Housing Development Corporation?

Bath Housing Development Corporation, situated in Bath, Maine, is a dedicated nonprofit organization. Its primary mission is to enhance housing opportunities for low-income individuals and families. This involves the development, improvement, and management of 175 multi-family apartments, all in line with its charitable objectives. The corporation also provides affordable financial and technical assistance to low-income homeowners, aiming to promote their social and economic stability. Moreover, it implements programs intended to foster growth and general welfare in the Bath, Maine region. In summary, Bath Housing Development Corporation is committed to improving housing conditions and promoting economic well-being for low-income residents in its community.


Is Bath Housing Development Corporation legitimate?

Bath Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bath 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,503

For more financial information, click here


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

Mission Statement of Bath Housing Development Corporation

Bath Housing Development Corporation is dedicated to fostering and encouraging the development of affordable housing projects and related facilities for primarily low-income individuals and families. The organization actively participates in financing, owning, operating, promoting, and advancing these housing projects to improve living conditions for those in need. Additionally, Bath Housing Development Corporation provides affordable financial and technical assistance and services to low-income homeowners. By implementing programs aimed at enhancing social and economic stability for low-income families, the corporation works towards promoting the common good and general welfare of its inhabitants. In essence, Bath Housing Development Corporation's mission is to improve the living situations of low-income individuals and families, offering them affordable housing options and financial assistance to build a stable future.

Impact

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




Thursday, August 15, 2024

Bath Housing Development Corporation plays a crucial role in the development, improvement, and management of housing for low-income individuals in the Bath, Maine region. With a mission focused on fostering the advancement of housing projects affordable to primarily low-income persons and families, BHDC owns and operates 175 multi-family apartments in line with its charitable objectives. By providing affordable financial and technical assistance to low-income homeowners and implementing programs that enhance social and economic stability for low-income families, BHDC positively impacts the general welfare of the community in Bath.





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: $23,396
  • Program Service Revenue: $1,943,179
  • Gross Receipts: $3,844,881

    • Assets and Liabilities:
  • Total Assets: $12,423,196
  • Total Liabilities: $4,071,584
  • Net Assets: $8,351,612
  • Programs

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

    RENTAL REVENUE

    Revenue

    $1,887,893

    RENT FROM AFFILIATE

    Revenue

    $30,840

    LAUNDRY/MISCELLANEOUS

    Revenue

    $24,446

    Organization Details

    Founding Year

    1984

    Principal Officer

    Debora Keller

    Main Address

    80 CONGRESS AVENUE, BATH, ME, 04530

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Bath Housing Development Corporation 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.