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South Portland Housing Development Corp

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

EIN: 222648277 ✦ South portland, ME ✦ Designated as a 501(c)(3)

Overview

What is South Portland Housing Development Corp?

South Portland Housing Development Corp is a nonprofit organization that is dedicated to addressing the housing needs of low-income individuals, including the elderly and handicapped, as well as families. Their primary mission is to develop and manage projects that aim to provide affordable housing solutions. By doing so, they contribute to the community by ensuring that a diverse range of people have access to safe and comfortable living spaces. Their work is centered around the creation of affordable housing, which is a crucial aspect of sustaining a healthy and inclusive society.


Is South Portland Housing Development Corp legitimate?

South Portland Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Portland Housing Development Corp 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: $264,855

For more financial information, click here


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

Mission Statement of South Portland Housing Development Corp

South Portland Housing Development Corporation, as a nonprofit organization, is dedicated to creating affordable housing solutions for vulnerable populations. Its mission encompasses developing and managing projects to provide low-income housing for the elderly, handicapped, and families. The corporation's primary focus is on addressing the housing needs of these groups, working tirelessly to ensure that they have access to safe and affordable living spaces. By doing so, South Portland Housing Development Corporation contributes significantly to the well-being and stability of these communities, enabling individuals to live with dignity and independence.

Impact

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




Thursday, August 15, 2024

South Portland Housing Development Corp's impact is significant in providing low-income housing solutions to the elderly, handicapped, and families in South Portland, Maine. By developing and managing projects focused on affordable housing, the organization plays a crucial role in addressing housing needs for vulnerable populations in the community.





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: $-18,473
  • Program Service Revenue: $1,261,069
  • Gross Receipts: $2,920,326

    • Assets and Liabilities:
  • Total Assets: $9,180,721
  • Total Liabilities: $2,671,516
  • Net Assets: $6,509,205
  • Programs

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

    DEVELOPMENT FEE INCOME

    Revenue

    $540,844

    RENTAL INCOME

    Revenue

    $297,777

    SERVICE INCOME

    Revenue

    $266,210

    MANAGEMENT FEE INCOME

    Revenue

    $63,487

    LAND LEASE INCOME

    Revenue

    $48,023

    Organization Details

    Founding Year

    1986

    Principal Officer

    Mike Hulsey

    Main Address

    100 WATERMAN DRIVE SUITE 101, SOUTH PORTLAND, ME, 04106

    NTEE Category

    Code: L22 - Housing

    If you are a representative of South Portland Housing Development Corp 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.