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Raise-Op Housing Cooperative

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

EIN: 471739509 ✦ Lewiston, ME ✦ Designated as a 501(c)(3)

Overview

What is Raise-Op Housing Cooperative?

Raise-Op Housing Cooperative is a nonprofit organization situated in Lewiston, Maine, specifically at 145 Pierce St 102. Its primary mission is to provide its members with safe and affordable housing, operating on a non-profit basis. The cooperative takes pride in maintaining clean buildings and common spaces, offering a range of housing options to cater to diverse needs. Raise-Op Housing Cooperative also promotes stewardship, ensuring responsible management of its land, buildings, and assets. The cooperative's activities are geared towards offering a secure living environment for its members. With a small team of two employees, Raise-Op Housing Cooperative is dedicated to delivering quality housing services.


Official website here: www.raiseop.com

Is Raise-Op Housing Cooperative legitimate?

Raise-Op Housing Cooperative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raise-Op Housing Cooperative 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: $90,738

For more financial information, click here


Official website here: www.raiseop.com

What is the mission statement of Raise-Op Housing Cooperative?

The Raise-Op Housing Cooperative's mission is centered around operating housing that is both safe and affordable, with a unique aspect of democratic control by its members on a non-profit basis. They strive to provide a variety of housing options while maintaining clean buildings and common spaces. Additionally, the cooperative encourages stewardship of its assets, including the land and buildings, ensuring their long-term sustainability.


Official website here: www.raiseop.com

Who is the CEO of Raise-Op Housing Cooperative?

Shaad Masood is the President of Raise-Op Housing Cooperative.


Official website here: www.raiseop.com

What is the revenue of Raise-Op Housing Cooperative?

Raise-Op Housing Cooperative's revenue in 2022 was $963,863.


Official website here: www.raiseop.com

Who are the executives of Raise-Op Housing Cooperative and what are their salaries?

The average compensation at Raise-Op Housing Cooperative during 2022 was $45,369. There are 2 employees and 50 volunteers at Raise-Op Housing Cooperative.

Here are 8 key members and their salaries:

    Shaad Masood (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brendan Akers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Julia Harper (Secretary (Through June)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Ronald Flannery (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stuart Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hilowle Aden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Hermann (Secretary (From July)) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.raiseop.com

    Where can I find the form 990 for Raise-Op Housing Cooperative?

    The Raise-Op Housing Cooperative’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.raiseop.com

    Learn more at the official website: www.raiseop.com

    Mission Statement of Raise-Op Housing Cooperative

    Raise-Op Housing Cooperative, a non-profit organization, is committed to operating safe and affordable housing that is democratically controlled by its members. This mission is carried out by providing residents with quality, energy-efficient housing, maintaining clean buildings and common spaces, and offering various housing options. The cooperative also encourages its members to practice stewardship over the land, buildings, and the cooperative's assets, ensuring the sustainability and success of the community.

    Impact

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




    Saturday, July 20, 2024

    Raise-Op Housing Cooperative's impact is centered around providing safe, quality, affordable, and energy-efficient housing options in Lewiston, ME. The cooperative operates with a democratic member-controlled structure, ensuring that its members have a say in the management and decision-making processes. By maintaining clean buildings and common spaces, offering a variety of housing options, and promoting stewardship of the land and assets, Raise-Op contributes to the well-being of its community and fosters a sense of ownership and responsibility among its members.





    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: $43
  • Program Service Revenue: $248,239
  • Gross Receipts: $963,863

    • Assets and Liabilities:
  • Total Assets: $2,075,829
  • Total Liabilities: $292,289
  • Net Assets: $1,783,540
  • Programs

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

    RENTAL INCOME

    Revenue

    $173,239

    DEVELOPMENT FEE INCOME

    Revenue

    $75,000

    Organization Details

    Founding Year

    2014

    Principal Officer

    Shaad Masood

    Main Address

    145 PIERCE ST 102, LEWISTON, ME, 04240

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Raise-Op Housing Cooperative 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.