Overview

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Est.

1991

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Housing Initiatives of New England Corp, led by Cynthia J. Milliken Taylor, is a nonprofit organization dedicated to providing low-income housing and shelter services. With an operating budget of $2.9 million and total revenue of $6.2 million for the 2024 filing year, the organization plays a significant role in addressing housing needs in the region. Notably, it does not rely on a single funder for 50% or more of its revenue, ensuring a diverse financial base to support its mission. For more information, visit www.hinec.org.

Mission Statement

LOW-INCOME HOUSING
Revenues
$6.2M
Expenses
$2.9M
Net Income:
+$3.3M
Assets
$106M
Liabilities
$3.3M
Net Assets:
+$102.7M
Operating Budget
$2.9M
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
1
Median grant size
$100K
Largest grant received
$100K
C
Cynthia J Milliken Taylor
Board Member
W
William W Walker
Board Member
D
David Silk
Board Member

Frequently Asked Questions

What is HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR’s budget?
In 2024, HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR reported an annual operating budget of around $2.9 million. More detailed financial information is available to registered users.
What causes does HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR support?
HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR supports work in Shelter and residential care and Housing services.
Where does HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR operate?
HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR is headquartered in Scarborough, ME.
Who funded HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR recently?
In 2021, HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR received grants from FIDELITY INVESTMENTS CHARITABLE GIFT FUND. More information on this organization’s funders is available to registered users.
What is the largest grant HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR received in 2021?
The largest grant to HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR in 2021 exceeds $100 thousand.
What is HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR’s reliance on government grants?
HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR relied on government grants for more than 5% of their total revenue in 2024.