EIN 01-0315296

Avesta Housing Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
57
State
Year formed
1972
Most recent tax filings
2022-12-01
Description
Avesta Housing Development Corporation develops and maintains low income housing for elderly residents, as well as rental programs under Section 8. All expenses are directed towards these purposes.
Total revenues
$13,921,623
2022
Total expenses
$12,679,009
2022
Total assets
$77,344,426
2022
Num. employees
57
2022

Program areas at Avesta Housing Development Corporation

All expenses relate to Development and maintenance of low income elderly Housing and section 8 existing Housing rental programs.

Who funds Avesta Housing Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$493,288
TD Charitable FoundationCapacity Management/cultural Navigator$250,000
John T. Gorman FoundationF/b/o Silver Hearth Fund; Maine Affordable Housing Coalition; Asylum Seeking Families$202,500
...and 11 more grants received

Personnel at Avesta Housing Development Corporation

NameTitleCompensation
Dana TotmanPresident / Chief Executive Officer$238,190
Rebecca HatfieldChief Executive Officer / Senior Vice President of Real Estate$185,435
Eric BoucherChief Financial Officer$178,194
Kim FarrarVice President Strategic Initiatives$141,377
Amanda GilliamVice President Property Management and Resident Services
...and 6 more key personnel

Financials for Avesta Housing Development Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$5,691,474
Program services$7,207,147
Investment income and dividends$139,915
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$883,087
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$13,921,623

Form 990s for Avesta Housing Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-08990View PDF
2020-122021-11-11990View PDF
2019-122021-03-01990View PDF
2018-122019-11-22990View PDF
...and 9 more Form 990s

Organizations like Avesta Housing Development Corporation

OrganizationLocationRevenue
Christian Church Homes (CCH)Walnut Creek, CA$25,105,325
St Mary Development CorporationDayton, OH$3,928,839
Human Investment Project (HIP)San Mateo, CA$4,194,221
Satellite Senior HomesBerkeley, CA$6,337,143
Friends Rehabilitation ProgramPhiladelphia, PA$7,433,729
Housing Initiatives of New England CorporationScarborough, ME$12,614,146
Grace TowerPasadena, CA$4,208,003
New Samaritan CorporationStorrs, CT$9,622,611
Cathedral TowersAtlanta, GA$3,753,799
Victory HousingRockville, MD$9,895,856
Data update history
January 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 3, 2024
Used new vendors
Identified 5 new vendors, including , , , , and
January 2, 2024
Received grants
Identified 3 new grant, including a grant for $202,500 from John T. Gorman Foundation
October 24, 2023
Received grants
Identified 5 new grant, including a grant for $493,288 from NeighborWorks America
August 11, 2023
Updated personnel
Identified 6 new personnel
Nonprofit Types
Housing and shelter organizationsRetirement homesHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Receives government fundingTax deductible donations
General information
Address
307 Cumberland Ave
Portland, ME 04101
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
avestahousing.org/ 
Phone
(207) 553-7777
Facebook page
AvestaHousing 
Twitter profile
@avestahousing 
IRS details
EIN
01-0315296
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1972
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L22: Senior Citizens Housing, Retirement Communities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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