Overview
What is Bangor Housing Development Corporation?
Bangor Housing Development Corporation is a nonprofit organization situated in Bangor, Maine, specifically at 161 DAVIS ROAD. Its primary mission is to advocate for lower-income individuals and families. To accomplish this, the corporation owns several housing projects in Maine, including four low-income projects and two affordable market-rate projects. These projects are Autumn Park West, Crestwood Place, Greenfield Apartments, Griffin Square, The Lofts at Freeze, and Davis Road Senior Housing. By providing affordable housing options, Bangor Housing Development Corporation aims to contribute positively to the community and improve the living conditions of lower-income families in Maine.
Is Bangor Housing Development Corporation legitimate?
Bangor Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bangor 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: $210,636
For more financial information, click here
What is the mission statement of Bangor Housing Development Corporation?
The Bangor Housing Development Corporation was established with a mission to advocate for the needs of lower-income individuals and families. This non-profit organization has taken action by owning and managing several housing projects, including four low-income projects and two affordable market-rate projects, situated in Maine. These properties provide vital living spaces for those in need, with examples such as Autumn Park West, Crestwood Place, Greenfield Apartments, Griffin Square, The Lofts at Freeze and Davis Road Senior Housing. The corporation's mission is geared towards ensuring that lower-income individuals and families have access to affordable housing options.
Who is the CEO of Bangor Housing Development Corporation?
Michael Myatt is the President of Bangor Housing Development Corporation.
What is the revenue of Bangor Housing Development Corporation?
Bangor Housing Development Corporation's revenue in 2022 was $2,631,454.
Who are the executives of Bangor Housing Development Corporation and what are their salaries?
- Michael Myatt (Secretary) [Trustee/Director]
- Elizabeth Hayward (President) [Trustee/Director]
- Rodney Mckay (Vice President) [Trustee/Director]
- Jane Johnson (Director)
- Roberta Downey (Director)
- Richard Lafertie (Director)
- Paul Chaiken (Director)
- Brenda Brown (Director)
Where can I find the form 990 for Bangor Housing Development Corporation?
The Bangor Housing Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Bangor Housing Development Corporation
Bangor Housing Development Corporation, established with a mission, serves as an advocate for lower-income individuals and families. Their primary objective is to advocate on their behalf, ensuring they have access to necessary resources and opportunities. The organization demonstrates this commitment by overseeing four low-income housing projects and two affordable market-rate properties located within Maine. These projects, such as Autumn Park West, Crestwood Place, Greenfield Apartments, Griffin Square, The Lofts at Freese and Davis Road Senior Housing, provide accommodations tailored to the needs of their target population. By managing these properties, Bangor Housing Development Corporation plays a vital role in promoting affordable housing options for those who require them.
Impact
This information is meant to be a general summary of Bangor 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
The Bangor Housing Development Corporation's impact is primarily focused on providing affordable and low-income housing options for individuals and families in the state of Maine. By owning and managing several low-income housing projects, as well as affordable market-rate projects, the organization aims to advocate for and support those in need of housing assistance. Through initiatives such as Autumn Park West, Crestwood Place, Greenfield Apartments, Griffin Square, The Lofts at Freese, and Davis Road Senior Housing, the organization contributes to addressing the housing needs of the community in Bangor, ME.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$2,128,356
HOUSING ASSISTANCE
Revenue
$483,835
MISCELLANEOUS
Revenue
$17,002
Organization Details
Founding Year
1987
Phone
(207) 942-6365
Principal Officer
Michael Myatt
Main Address
161 DAVIS ROAD, BANGOR, ME, 04401
NTEE Category
Code: L22 - Housing
If you are a representative of Bangor 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.