AI Summary
The Bangor Housing Development Corporation, identified by EIN 22-2970652, is a nonprofit organization focused on providing low- and moderate-income rental housing in Maine. With an operating budget of $3.4 million and total revenue of $3.6 million for the filing year 2024, the organization is actively engaged in the development and management of affordable housing projects. It does not rely on a single funder for 50% or more of its revenue, ensuring a diversified funding base to support its mission.
Mission Statement
THE SPECIFIC PURPOSES OF THE CORPORATION ARE TO ORGANIZE, DEVELOP, FINANCIALLY ASSIST, OR MANAGE, ON A NON-PROFIT BASIS, PROJECTS OR PROGRAMS PROVIDING LOW- AND MODERATE-INCOME RENTALS IN MAINE.
Cause Areas
1
Retirement housing
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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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Frequently Asked Questions
What is BANGOR HOUSING DEVELOPMENT CORPORATION’s budget?
In 2024, BANGOR HOUSING DEVELOPMENT CORPORATION reported an annual operating budget of around $3.4 million. More detailed financial information is available to registered users.
What causes does BANGOR HOUSING DEVELOPMENT CORPORATION support?
BANGOR HOUSING DEVELOPMENT CORPORATION supports work in Retirement housing.
Where does BANGOR HOUSING DEVELOPMENT CORPORATION operate?
BANGOR HOUSING DEVELOPMENT CORPORATION is headquartered in BANGOR, ME.
Who funded BANGOR HOUSING DEVELOPMENT CORPORATION recently?
In 2024, BANGOR HOUSING DEVELOPMENT CORPORATION received grants from John T Gorman Foundation, PETER ALFOND FOUNDATION, and John T Gorman Foundation. More information on this organization’s funders is available to registered users.
What is the largest grant BANGOR HOUSING DEVELOPMENT CORPORATION received in 2024?
The largest grant to BANGOR HOUSING DEVELOPMENT CORPORATION in 2024 exceeds $297 thousand.