Overview

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Est.

1972

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

AVESTA HOUSING DEVELOPMENT CORPORATION is a nonprofit organization dedicated to improving lives and strengthening communities by providing quality affordable housing for those in need. With an operating budget of $14.8 million and total revenue of $13.5 million in 2024, the organization relies on diverse funding sources, with no single funder contributing 50% or more of its revenue. More information can be found on their website at https://www.avestahousing.org/.

Mission Statement

Our mission is to improve lives and strengthen communities by promoting and providing quality affordable homes for people in need.
Revenues
$13.5M
Expenses
$14.8M
Net Income:
-$1.3M
Assets
$82.7M
Liabilities
$57.8M
Net Assets:
+$24.9M
Operating Budget
$14.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
14
Median grant size
$13.8K
Largest grant received
$475.9K
P
Peter Bass
Board Member
N
Nathan Poore
Board Member
C
Chomba Kaluba
Board Member

Frequently Asked Questions

What is AVESTA HOUSING DEVELOPMENT CORPORATION’s budget?
In 2024, AVESTA HOUSING DEVELOPMENT CORPORATION reported an annual operating budget of around $14.8 million. More detailed financial information is available to registered users.
What causes does AVESTA HOUSING DEVELOPMENT CORPORATION support?
AVESTA HOUSING DEVELOPMENT CORPORATION supports work in Housing services and Public housing.
Where does AVESTA HOUSING DEVELOPMENT CORPORATION operate?
AVESTA HOUSING DEVELOPMENT CORPORATION is headquartered in PORTLAND, ME.
Who funded AVESTA HOUSING DEVELOPMENT CORPORATION recently?
In 2025, AVESTA HOUSING DEVELOPMENT CORPORATION received grants from Bangor Savings Bank Foundation, TD CHARITABLE FOUNDATION, and Franklin Savings Bank Community Development Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant AVESTA HOUSING DEVELOPMENT CORPORATION received in 2024?
The largest grant to AVESTA HOUSING DEVELOPMENT CORPORATION in 2024 exceeds $476 thousand.
What is AVESTA HOUSING DEVELOPMENT CORPORATION’s reliance on government grants?
AVESTA HOUSING DEVELOPMENT CORPORATION relied on government grants for more than 30% of their total revenue in 2024.