AVESTA HOUSING DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

L210

Classification

1000

Street

307 CUMBERLAND AVE

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

17 other organizations in the IRS Business Master File list the same street address. matched by us

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• AVESTA HOUSING MANAGEMENT CORPORATION

  EIN 23-7356030

• BERRY PARK HOUSING CORPORATION

  EIN 22-3241663

• EDGECOMB WOODS

  EIN 01-0538200

• FIVE GRAHAM ST

  EIN 01-0531224

• FLORENCE HOUSE HOUSING CORPORATION

  EIN 26-1214312

• GRAY SENIOR HOUSING INC

  EIN 23-7363470

• HILL STREET TERRACE HOUSING CORP

  EIN 01-0347202

• JORDAN BAY PLACE

  EIN 01-0531223

• MAPLE GROVE ELDERLY HOUSING CORPORATION

  EIN 01-0347203

• NEW MARBLEHEAD NORTH HOUSING CORPORATION

  EIN 22-2628311

• NEW MARBLEHEAD SENIORS HOUSING CORPORATION

  EIN 01-0353352

• NOBLE HOUSING CORPORATION

  EIN 22-3253539

• PINE TREE HOUSING AGENCY

  EIN 27-0039482

• SACO HOUSING DEVELOPMENT CORP

  EIN 23-7356022

• SEVENTY-FIVE STATE STREET

  EIN 01-0211791

• SOUTH WINDHAM HOUSING CORPORATION

  EIN 20-2010603

• VILLAGE SQUARE HOUSING CORPORATION

  EIN 22-3230622

Mission and programs · 2024

• ALL EXPENSES RELATE TO THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING. AVESTA DRAWS UPON YEARS OF RECIPROCAL RELATIONSHIPS WITH THE FINANCIAL INDUSTRY, FUNDERS, COMMUNITY LEADERS, AND HOUSING ADVOCATES TO DEVELOP, ACQUIRE, AND PRESERVE HUNDREDS OF AFFORDABLE UNITS EACH YEAR. AVESTA'S DEVELOPMENT STAFF CONTRIBUTES EXTENSIVE MANAGEMENT, LEGAL, FINANCIAL, COMMUNITY PLANNING, AND CONSTRUCTION EXPERIENCE. WE ADHERE TO SMART GROWTH PRINCIPLES, SUSTAINABILITY GUIDELINES, AND DESIGN STANDARDS INFORMED BY OUR DEVELOPMENT AND PROPERTY MANAGEMENT EXPERIENCE. IN ADDITION TO DEVELOPING NEW PROPERTIES, AVESTA INVESTS IN MAINE AND NEW HAMPSHIRE'S LARGE STOCK OF OLDER, AFFORDABLE, MULTI-FAMILY HOUSING, INCLUDING DEVELOPMENTS REGULATED BY USDA RURAL DEVELOPMENT, HUD, MAINEHOUSING, AND NEW HAMPSHIRE HOUSING. AVESTA WORKS WITH MUNICIPALITIES, NEIGHBORHOOD GROUPS, AND LOCAL BUSINESSES TO ENSURE THAT EVERY DEVELOPMENT MEETS THE NEEDS OF THE COMMUNITY.IN 2024, AVESTA LAUNCHED A PROGRAM THAT ACQUIRES AND RESTORES EXISTING HOMES, MAKING THEM AVAILABLE AT BELOW-MARKET PRICES FOR LOW TO MODERATE-INCOME HOMEBUYERS.

  Expenses $14,778,036 · Revenue $8,171,839

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $13,450,256

  Expenses

  $14,778,036

  Contributions

  $5,278,417

  Grants paid

  $0

• 2023

  Revenue

  $10,774,074

  Expenses

  $10,908,019

  Contributions

  $3,899,925

  Grants paid

  $0

• 2022

  Revenue

  $13,921,623

  Expenses

  $12,679,009

  Contributions

  $5,691,474

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $13,114,873

  Expenses

  $10,368,140

  Assets (EOY)

  $69,411,595

• 2020 · 990

  Revenue

  $10,385,771

  Expenses

  $9,773,992

  Assets (EOY)

  $63,197,411

• 2019 · 990

  Revenue

  $8,741,762

  Expenses

  $9,472,372

  Assets (EOY)

  $56,826,112

• 2018 · 990

  Revenue

  $8,378,049

  Expenses

  $8,869,707

  Assets (EOY)

  $52,382,631

• 2017 · 990

  Revenue

  $9,265,374

  Expenses

  $7,134,861

  Assets (EOY)

  $47,150,046

• 2016 · 990

  Revenue

  $8,980,893

  Expenses

  $6,937,241

  Assets (EOY)

  $44,181,950

• 2015 · 990

  Revenue

  $10,663,730

  Expenses

  $7,171,211

  Assets (EOY)

  $36,818,549

• 2014 · 990

  Revenue

  $7,233,226

  Expenses

  $7,384,400

  Assets (EOY)

  $32,669,189

• 2013 · 990

  Revenue

  $9,230,869

  Expenses

  $6,594,604

  Assets (EOY)

  $31,464,851

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $8,574,779

  Assets (EOY)

  $29,874,500

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• NEIGHBORHOOD REINVESTMENT CORP

  $514,500

  2022 · GENERAL SUPPORT

• NEIGHBORHOOD REINVESTMENT CORP

  $475,852

  2023 · GENERAL SUPPORT

• NEIGHBORHOOD REINVESTMENT CORP

  $422,250

  2024 · GENERAL SUPPORT

• UNITED WAY INC

  $62,040

  2022 · Community Investment, Donor Designations

• THE HOUSING PARTNERSHIP NETWORK INC

  $28,133

  2022 · HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)

• UNITED WAY INC

  $22,850

  2024 · Community Investment, Donor Designations

• UNITED WAY INC

  $19,260

  2023 · Community Investment, Donor Designations

• THE HOUSING PARTNERSHIP NETWORK INC

  $15,000

  2023 · HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)

• UNITY FOUNDATION

  $15,000

  2023 · Capacity building

• THE MIAMI FOUNDATION INC

  $15,000

  2025 · PROGRAM SUPPORT

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files