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Village Square Housing Corporation C/O Avesta Housing

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

EIN: 223230622 ✦ Portland, ME ✦ Designated as a 501(c)(3)

Overview

What is Village Square Housing Corporation C/O Avesta Housing?

Village Square Housing Corporation C/O Avesta Housing is a nonprofit organization situated in Portland, Maine, specifically at 307 Cumberland Avenue, 04101. Their primary mission is to develop, own, and manage residential subsidized housing units, catering specifically to qualified elderly individuals. This mission is accomplished through the operation of a 36-unit facility named The Inn at Village Square, located in Gorham, Maine. This nonprofit organization, with a workforce of 38 employees, aims to provide suitable living accommodations for elderly individuals who meet the specified qualifications.


Is Village Square Housing Corporation C/O Avesta Housing legitimate?

Village Square Housing Corporation C/O Avesta Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Square Housing Corporation C/O Avesta 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: $1,148,476

For more financial information, click here


What is the mission statement of Village Square Housing Corporation C/O Avesta Housing?
Who is the CEO of Village Square Housing Corporation C/O Avesta Housing?
What is the revenue of Village Square Housing Corporation C/O Avesta Housing?
Who are the executives of Village Square Housing Corporation C/O Avesta Housing and what are their salaries?

The average compensation at Village Square Housing Corporation C/O Avesta Housing during 2022 was $30,223. There are 38 employees at Village Square Housing Corporation C/O Avesta Housing.

Here are 23 key members and their salaries (Village Square Housing Corporation C/O Avesta Housing's CEO's salary is $0 and their total compensation is $226,435):


Where can I find the form 990 for Village Square Housing Corporation C/O Avesta Housing?

Mission Statement of Village Square Housing Corporation C/O Avesta Housing

Village Square Housing Corporation C/O Avesta Housing is dedicated to a mission that involves the development, ownership, and management of residential subsidized housing units. This mission is specifically geared towards qualified elderly individuals, providing them with suitable living accommodations. One of their notable projects is a 36-unit residential care facility named The Inn at Village Square, located in Gorham, Maine. This organization's work is crucial in ensuring that elderly individuals have access to subsidized housing, enhancing their quality of life.

Impact

This information is meant to be a general summary of Village Square Housing Corporation C/O Avesta Housing. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Village Square Housing Corporation C/O Avesta Housing's impact lies in providing essential housing solutions for qualified elderly individuals. Through its development, ownership, and management of residential subsidized housing units, such as the 36-unit residential care facility known as The Inn at Village Square in Gorham, Maine, this organization directly contributes to improving the living conditions and quality of life for elderly residents. By focusing on this specific demographic and offering subsidized housing options, Village Square Housing Corporation plays a vital role in addressing the housing needs of the elderly population in the area, ensuring that they have access to safe and affordable housing options.





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: $49,421
  • Program Service Revenue: $2,663,994
  • Gross Receipts: $3,118,186

    • Assets and Liabilities:
  • Total Assets: $5,537,553
  • Total Liabilities: $5,948,508
  • Net Assets: -$410,955
  • Programs

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

    TENANT RENT

    Revenue

    $2,651,135

    MISCELLANEOUS INCOME

    Revenue

    $12,859

    Organization Details

    Founding Year

    1993

    Principal Officer

    Eric Boucher

    Main Address

    307 CUMBERLAND AVENUE, PORTLAND, ME, 04101

    NTEE Category

    Code: L210 - Housing

    If you are a representative of Village Square Housing Corporation C/O Avesta 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.