Mission
AVESTA HOUSING DEVELOPMENT CORPORATION'S MISSION IS TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES BY PROMOTING AND PROVIDING QUALITY AFFORDABLE HOMES FOR PEOPLE IN NEED.
Public Charity
AVESTA HOUSING DEVELOPMENT CORPORATION
Based in PORTLAND, ME, AVESTA HOUSING DEVELOPMENT CORPORATION operates as a Public Charity. The organization reported $13.5M in revenue, $14.8M in expenses, $82.7M in total assets for fiscal year 2024. Imperigo tracks 45 reported grant relationships connected to this organization totaling approximately $5.3M.
EIN: 010315296
PORTLAND, ME
Low-Income & Subsidized Rental Housing
NTEE: L21
Latest filing: 2024
Total Revenue$13.5M
Total Expenses$14.8M
Total Assets$82.7M
Grant Records45
Funding Total$5.3M
Filing Years2019–2024
Where $100 goes at Avesta Housing Development Corporation
How Avesta Housing Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
All expenses relate to the development and preservation of affordable housing
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
PROGRAM SUPPORT
$15,000
GENERAL SUPPORT
$422,250
PROGRAM SUPPORT
$100,000
Community Investment, Donor Designations
$22,850
Libraries, Community Gardens
$12,100
Showing up to 5 of 45 total records — full history available with membership.
Officers & Directors
DIRECTOR
Alice Kabore
VP OF PROPERTY MANAGEMENT
Amanda Gilliam
DIRECTOR
Amy Smith
CHAIR
Andrea Dodge Patstone
DIRECTOR
Chomba Kaluba
DIRECTOR
Debra Orellana-Mejia
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $13.5M | $14.8M | $82.7M |
| 2023 | $10.8M | $10.9M | $78.0M |
| 2022 | $13.9M | $12.7M | $77.3M |
| 2020 | $10.4M | $9.8M | $63.2M |
| 2019 | $8.7M | $9.5M | $56.8M |
Between 2019 and 2024, reported annual revenue grew from $8.7M to $13.5M (+54%), with total assets most recently reported at $82.7M.
Interactive year-over-year charts and full filing details available with membership.