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Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor

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

EIN: 223100803 ✦ Scarborough, ME ✦ Designated as a 501(c)(3)

Overview

What is Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor?

Housing Initiatives of New England Corporation, led by Cynthia J Milliken Taylor, is a dedicated nonprofit organization. Their primary focus is on preserving eight quality affordable housing projects for low-income elderly and families, as per Section 8. This commitment to low-income housing is an integral part of their mission.


Official website here: www.hinec.org

Is Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor legitimate?

Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor 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: $608,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $234,997

For more financial information, click here


Official website here: www.hinec.org

What is the mission statement of Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor?

Housing Initiatives of New England Corporation is dedicated to preserving eight quality low-income housing projects for elderly and family residents. The organization's primary focus is on ensuring access to affordable housing for those in need. These projects, which utilize Section 8 housing, are an integral part of the corporation's mission to improve living conditions for low-income individuals. By providing these housing opportunities, the corporation aims to make a positive impact on the lives of many and contribute to creating stronger, more stable communities.


Official website here: www.hinec.org

Who is the CEO of Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor?

Cynthia Milliken Taylor is the Chairperson of Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor.


Official website here: www.hinec.org

What is the revenue of Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor?

Housing Initiatives Of New England Corp C/O Cynthia J Milliken Taylor's revenue in 2022 was $12,614,146.


Official website here: www.hinec.org

Who are the executives of Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor and what are their salaries?

The average compensation at Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor during 2022 was $168,671. There are 5 employees at Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor.

Here are 7 key members and their salaries:

    Cynthia J Milliken Taylor (President) [Trustee/Director]
  • Compensation: $356,618
  • Related: $0
  • Other: $63,530

    • William W Walker (Employee)
  • Compensation: $251,742
  • Related: $0
  • Other: $55,044

    • Karen A Cowperthwaite (Employee)
  • Compensation: $168,539
  • Related: $0
  • Other: $38,000

    • David Silk (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Hassett (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane O'Rourke (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marc Poulin (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hinec.org

    Where can I find the form 990 for Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor?

    The Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hinec.org

    Learn more at the official website: www.hinec.org

    Mission Statement of Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor

    Housing Initiatives of New England Corp CO Cynthia J Milliken Taylor is a dedicated organization with a mission to preserve quality affordable housing for low-income elderly and family communities. Through its commitment to section 8 projects, this esteemed corporation ensures that a substantial eight projects continue to serve as vital resources for those in need.

    By prioritizing low-income housing, Housing Initiatives of New England Corp CO Cynthia J Milliken Taylor strives to make a tangible impact on the lives of numerous individuals and families. The organization's mission is twofold: preserving the quality of existing housing structures, while also maintaining their affordability for eligible residents. In doing so, the corporation creates a safe and stable living environment, enabling residents to focus on their personal growth and well-being.

    Furthermore, Housing Initiatives of New England Corp CO Cynthia J Milliken Taylor is dedicated to upholding the standards of its eight projects, ensuring they remain in top condition for the benefit of their residents. This unwavering commitment to maintaining quality housing is a testament to the organization's enduring dedication to enriching the lives of low-income families and elderly individuals in their communities.

    Impact

    This information is meant to be a general summary of Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Housing Initiatives Of New England Corp CO Cynthia J Milliken Taylor's impact is significant in providing low-income housing solutions for elderly and families in Maine. Through the preservation of quality low-income housing projects, specifically targeting the elderly and families relying on Section 8 assistance, Taylor's work addresses a crucial need in the community. By ensuring access to affordable and safe housing for these vulnerable populations, she contributes to greater stability and well-being for individuals and families facing economic challenges.





    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: $8,261,193
  • Program Service Revenue: $2,419,660
  • Gross Receipts: $12,614,146

    • Assets and Liabilities:
  • Total Assets: $80,202,462
  • Total Liabilities: $11,271,802
  • Net Assets: $68,930,660
  • Programs

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

    DEVELOPMENT FEES

    Revenue

    $819,683

    TENANT RENT

    Revenue

    $808,531

    COMMERCIAL RENT

    Revenue

    $341,760

    CONSULTING SERVICE

    Revenue

    $242,626

    TAX CREDIT FEE INCOME

    Revenue

    $114,488

    Organization Details

    Founding Year

    1991

    Principal Officer

    Cynthia Milliken Taylor

    Main Address

    264 US ROUTE 1 BLDG 300 SUITE 2A, SCARBOROUGH, ME, 04074

    NTEE Category

    Code: L99Z - Housing

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