Hancock County Homes Foundation

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

EIN: 237225374 ✦ Ellsworth, ME ✦ Designated as a 501(c)(3)

Overview

What is Hancock County Homes Foundation?

The Hancock County Homes Foundation is a nonprofit organization situated in Ellsworth, Maine, specifically at 25 Tweedie Lane. Its primary mission is to provide affordable housing for elderly and disabled individuals who fall under the category of having very low to low incomes. The foundation achieves this by managing 86 housing units, with the subsidies for these units being funded by Rural Development, taking into account the tenant's income levels. With a team of five dedicated individuals, the Hancock County Homes Foundation strives to contribute positively to the local community by accommodating those in need, thereby enhancing their quality of life.


Is Hancock County Homes Foundation legitimate?

Hancock County Homes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hancock County Homes Foundation 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: $153,183

For more financial information, click here


What is the mission statement of Hancock County Homes Foundation?
Who is the CEO of Hancock County Homes Foundation?
What is the revenue of Hancock County Homes Foundation?
Who are the executives of Hancock County Homes Foundation and what are their salaries?
Where can I find the form 990 for Hancock County Homes Foundation?

Mission Statement of Hancock County Homes Foundation

The Hancock County Homes Foundation is dedicated to providing housing solutions for elderly and disabled individuals with very low to low incomes. Their mission is centered around offering a total of 86 housing units, which are subsidized based on the tenants' income levels, ensuring affordability. This foundation plays a significant role in providing a safe and comfortable living environment for this vulnerable population, enabling them to maintain their independence and dignity.

Impact

This information is meant to be a general summary of Hancock County Homes Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Hancock County Homes Foundation's impact is evident in providing housing solutions for elderly and disabled individuals with very low to low incomes in Ellsworth, ME. Through its 86 subsidized housing units, the organization offers a vital support system to those in need, ensuring that vulnerable members of the community have a safe and affordable place to call home. By focusing on this specific demographic and income bracket, the foundation plays a crucial role in addressing housing insecurity and improving the quality of life for those it serves.





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: $91
  • Program Service Revenue: $688,913
  • Gross Receipts: $695,890

    • Assets and Liabilities:
  • Total Assets: $1,528,547
  • Total Liabilities: $2,508,584
  • Net Assets: -$980,037
  • Programs

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

    FMHA RENT SUBSIDY

    Revenue

    $387,926

    RENTAL INCOME

    Revenue

    $300,987

    Organization Details

    Founding Year

    1971

    Principal Officer

    Jo Cooper

    Main Address

    25 TWEEDIE LANE, ELLSWORTH, ME, 04605

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Hancock County Homes Foundation 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.