Lewiston-Auburn Area Housing Development Corporation
- Assets
- $2.6m
- Revenue
- $375.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewiston, ME
- Founding
- 06/1992
- Data as of
- 06/2021
- EIN
- 01-0462712
Organization Overview
Lewiston-Auburn Area Housing Development Corporation is located in Lewiston, ME. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lewiston-Auburn Area Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Lewiston-Auburn Area Housing Development Corporation generated $375.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $481.1k during the year ending 06/2021. While expenses have increased by 11.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ORGANIZE, DEVELOP, AND FINANCIALLY ASSIST OR MANAGE PROJECTS, PROGRAMS, AND SERVICES PROVIDING AFFORDABLE HOME OWNERSHIP OR RENTALS TO LOW INCOME, ELDERLY, AND/OR HANDICAPPED INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING AT 292 BATES ST., 30 RIVER ST., AND 31 RIVER ST. IN LEWISTON, MAINE. DEVELOPED IN COOPERATION WITH LEWISTON HOUSING AUTHORITY, THE CORPORATION HAS 24 UNITS OF LOW INCOME HOUSING.
LAAHDC PROVIDES OFFICE SPACE FOR PROGRAMS OPERATED BY NON-PROFIT PROGRAMS AND COMMUNITY ORGANIZATIONS. THE FIRST FLOOR OF 292 BATES STREET IS USED FOR VARIOUS COMMUNITY FUNCTIONS, INCLUDING COMMUNITY POLICE FUNCTIONS. THE KITCHEN IS USED BY PROMISE EARLY EDUCATION CENTERFORMERLY ANDROSSCOGIN HEAD START TO PREPARE MEALS FOFR ITS CHILD SERVICE PROGRAMS.
LEWISTON-AUBURN ALLIANCE FOR SERVICE TO THE HOMELESSLASH IS A SECURITY DEPOSIT LOAN PROGRAM. 14 LOANS WERE MADE AND REPAYMENTS COLLECTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Hussey Vice President | OfficerTrustee | 1 | $0 |
Marc Pellerin President | OfficerTrustee | 1 | $0 |
Travis Heynen Secretary | OfficerTrustee | 1 | $0 |
Christopher Kilmurry Treasurer | OfficerTrustee | 1 | $0 |
Azenaide Pedro Director | Trustee | 1 | $0 |
Craig Saddlemire Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $75,350 |
| Total Program Service Revenue | $291,557 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,485 |
| Fees for services: Legal | $14,621 |
| Fees for services: Accounting | $2,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,005 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $141,721 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,342 |
| Insurance | $31,684 |
| All other expenses | $12,957 |
| Total functional expenses | $481,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $416,746 |
| Savings and temporary cash investments | $13,800 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,775 |
| Net Land, buildings, and equipment | $2,185,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,635,385 |
| Accounts payable and accrued expenses | $34,567 |
| Grants payable | $0 |
| Deferred revenue | $589 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,023 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,394,902 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,443,081 |
| Net assets without donor restrictions | $893,129 |
| Net assets with donor restrictions | $299,175 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,635,385 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lewiston-Auburn Area Housing Development Corporation has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
John T Gorman Foundation Portland, ME PURPOSE: $25,000 TO THE CHOICE GRANT APPLICATION; $50,000 TO SUPPORT FAMILIES DISPLACED BY FIRE | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avesta Housing Management Corporation Portland, ME | $3,765,380 | $8,258,375 |
State Street Housing Preservation Corporation Portland, ME | $24,631,700 | $3,259,892 |
Monadnock Affordable Housing Corporation Keene, NH | $28,241,880 | $6,742,174 |
Affordable Housing Education And Development Inc Littleton, NH | $9,970,385 | $3,045,198 |
Bartlett Woods Inc Rockland, ME | $6,101,412 | $2,284,525 |
Housing Foundation Orono, ME | $3,133,048 | $2,829,758 |
Manchester Neighborhood Housing Services Inc Manchester, NH | $9,007,199 | $1,551,770 |
Laconia Area Community Land Trust Laconia, NH | $15,899,939 | $3,154,056 |
Bath Housing Development Corporation Bath, ME | $12,708,509 | $6,289,688 |
Housing Foundation Phase 1 & 2 Orono, ME | $5,226,993 | $1,967,341 |
Habitat For Humanity Of Greater Portland Inc Portland, ME | $4,759,457 | $2,582,640 |
Community Concepts Finance Corp Lewiston, ME | $13,201,299 | $1,637,763 |