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Avesta Housing Management Corporation

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

EIN: 237356030 ✦ Portland, ME ✦ Designated as a 501(c)(3)

Overview

What is Avesta Housing Management Corporation?

Avesta Housing Management Corporation is a nonprofit organization dedicated to managing low-income housing. Their primary focus includes overseeing the financial aspects of maintaining such housing, encompassing elderly and Section 8 rental programs. They play a crucial role in ensuring the viable operation of these housing units. Their mission is centered around the management of affordable living spaces, contributing to the well-being of various communities.


Is Avesta Housing Management Corporation legitimate?

Avesta Housing Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avesta Housing Management 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: $5,595,227

For more financial information, click here


What is the mission statement of Avesta Housing Management Corporation?
Who is the CEO of Avesta Housing Management Corporation?
What is the revenue of Avesta Housing Management Corporation?
Who are the executives of Avesta Housing Management Corporation and what are their salaries?

The average compensation at Avesta Housing Management Corporation during 2022 was $39,403. There are 142 employees at Avesta Housing Management Corporation.

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


Where can I find the form 990 for Avesta Housing Management Corporation?

Mission Statement of Avesta Housing Management Corporation

Avesta Housing Management Corporation is dedicated to managing low-income housing, overseeing all financial aspects associated with this responsibility. Their mission encompasses the careful management of elderly housing programs and Section 8 rental schemes. This organization plays a crucial role in ensuring the proper allocation of resources for the maintenance and upkeep of these housing units, thereby providing affordable living spaces for those in need.

Impact

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




Thursday, August 15, 2024

Avesta Housing Management Corporation plays a crucial role in the management of low-income housing, particularly in overseeing expenses related to such housing, including elderly and Section 8 rental programs. Through its work in Portland, ME, Avesta Housing Management Corporation positively impacts the accessibility of affordable housing for those in need, fostering a stronger sense of community and stability 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: $510
  • Program Service Revenue: $8,956,436
  • Gross Receipts: $9,393,648

    • Assets and Liabilities:
  • Total Assets: $4,334,215
  • Total Liabilities: $3,093,789
  • Net Assets: $1,240,426
  • Programs

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

    SITE MANAGEMENT

    Revenue

    $2,651,817

    MAINTENANCE FEES

    Revenue

    $2,375,212

    MANAGEMENT FEES

    Revenue

    $2,224,303

    RESIDENT SERVICES

    Revenue

    $640,025

    FRONT-LINE FEES

    Revenue

    $619,787

    Organization Details

    Founding Year

    1974

    Principal Officer

    Eric Boucher

    Main Address

    307 CUMBERLAND AVENUE, PORTLAND, ME, 04101

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Avesta Housing Management 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.