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Coastal Affordable Housing

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

EIN: 223048723 ✦ Hope, ME ✦ Designated as a 501(c)(3)

Overview

What is Coastal Affordable Housing?

Coastal Affordable Housing is a nonprofit organization situated in Maine. Their primary mission is to develop, own, and manage subsidized housing units for individuals and families with low income. By doing so, they contribute to addressing housing affordability issues within the community. The organization has numerous low-income housing units under its management, which they actively develop to cater to this demographic. Coastal Affordable Housing plays a significant role in providing affordable housing solutions and improving living conditions for these individuals and families.


Is Coastal Affordable Housing legitimate?

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

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,073

For more financial information, click here


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

Mission Statement of Coastal Affordable Housing

Coastal Affordable Housing, a nonprofit organization, is dedicated to a mission of developing, owning, and managing subsidized housing units for qualified low-income individuals and families. This mission is crucial in providing affordable living solutions for those who might otherwise struggle to find suitable accommodations within their financial means. By managing and developing numerous low-income housing units, Coastal Affordable Housing plays a significant role in addressing the housing needs of its community, ensuring that a diverse range of people can live with dignity and security. The organization's commitment to this mission is evident in its tireless efforts to provide affordable housing solutions, thereby contributing positively to the overall well-being and stability of its clientele.

Impact

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




Thursday, August 15, 2024

Coastal Affordable Housing's impact is significant in providing affordable housing opportunities for low-income individuals and families in Maine. Through its development, ownership, and management of subsidized housing units, Coastal Affordable Housing helps address the critical need for affordable housing in the community of Hope, ME. By offering safe and affordable housing options to those in need, Coastal Affordable Housing plays a vital role in improving the quality of life for low-income individuals and families in the area.





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: $2,165
  • Program Service Revenue: $315,999
  • Gross Receipts: $716,133

    • Assets and Liabilities:
  • Total Assets: $2,161,522
  • Total Liabilities: $2,545,097
  • Net Assets: -$383,575
  • Programs

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

    TENANT RENT

    Revenue

    $306,100

    MISCELLANEOUS

    Revenue

    $7,556

    LAUNDRY

    Revenue

    $2,545

    K-1 FLOW THROUGH

    Revenue

    $-202

    Organization Details

    Founding Year

    1989

    Principal Officer

    Linda Pearse

    Main Address

    662 BARNESTOWN ROAD, HOPE, ME, 04847

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Coastal Affordable Housing 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.