Greenville Housing Corp
- Assets
- $662.0k
- Revenue
- $282.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Greenville, ME
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 23-7368244
Organization Overview
Greenville Housing Corp is located in Greenville, ME. The organization was established in 2002. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Greenville Housing Corp 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 12/2022, Greenville Housing Corp generated $282.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $272.2k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND LOW INCOME FAMILIES IN GREENVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING TO THE ELDERLY AND LOW-INCOME FAMILIES, 40 UNITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Durward Ferland Officer | Officer | 16 | $16,953 |
Alicia Stone Treasurer | OfficerTrustee | 1 | $0 |
Stephen Douglass President/secretary | OfficerTrustee | 1 | $0 |
William Stevens Director | Trustee | 1 | $0 |
Joy Henderson Director | Trustee | 1 | $0 |
Paige Murray 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $279,411 |
| Investment income | $145 |
| 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 | $282,575 |
| 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. | $16,953 |
| Compensation of current officers, directors, key employees. | $16,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,174 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,631 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,060 |
| Advertising and promotion | $0 |
| Office expenses | $1,372 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,575 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,737 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,826 |
| Insurance | $0 |
| All other expenses | $395 |
| Total functional expenses | $272,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5 |
| Savings and temporary cash investments | $220,904 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,726 |
| 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 | $15,812 |
| Net Land, buildings, and equipment | $415,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $661,973 |
| Accounts payable and accrued expenses | $9,286 |
| Grants payable | $0 |
| Deferred revenue | $4,705 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,539 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $183,575 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $220,105 |
| Net assets without donor restrictions | $441,868 |
| Net assets with donor restrictions | $0 |
| 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 | $661,973 |
Peer Organizations
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|---|---|---|
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Lake Arrowhead Community Inc North Waterboro, ME | $3,499,746 | $1,857,850 |
Maine Campground Owners New Southwick Assoc Auburn, ME | $476,816 | $359,645 |
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Island Falls Housing Corp Patten, ME | $492,631 | $256,666 |
Corinth Housing Corporation Stetson, ME | $555,880 | $229,208 |
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Bradford Housing Corporation Bangor, ME | $1,266,149 | $190,595 |
New Hampshire Campground Owners Association Epsom, NH | $501,988 | $182,145 |
Mattanawcook Terrace Housing Corp Bangor, ME | $1,039,438 | $213,603 |
Norridgewock Housing Corp Norridgewock, ME | $462,590 | $198,951 |
Easton Housing Corporation Easton, ME | $246,896 | $0 |