Mission
TO PROMOTE AND PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS IN THE STATE OF MAINE.
Public Charity
PENQUIS DEVELOPMENT INC
PENQUIS DEVELOPMENT INC is a nonprofit organization categorized as Public Charity based in BANGOR, ME. Its most recent IRS filing (2025) reports revenue of $2.8M, expenses of $3.1M, total assets of $21.7M.
EIN: 010541817
BANGOR, ME
Housing Development, Construction & Management
NTEE: L20
Latest filing: 2025
Total Revenue$2.8M
Total Expenses$3.1M
Total Assets$21.7M
Grant Records0
Filing Years2021–2025
Where $100 goes at Penquis Development Inc
How Penquis Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$96
Programs
the work itself
$4
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 $96 for programs
$96
Low income housing
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
DIRECTOR
Brian Thibeau
DIRECTOR
Catherine Sullivan
CHIEF FINANCIAL OFFICER
Denice Conary
CHIEF OPERATING OFFICER
Heidi Leblanc
DIRECTOR (THRU SEP 2025)
Jack Clukey
CHIEF EXECUTIVE OFFICER
Kara Hay
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.8M | $3.1M | $21.7M |
| 2024 | $3.2M | $2.6M | $17.9M |
| 2023 | $1.3M | $1.0M | $5.4M |
| 2022 | $957K | $971K | $4.4M |
| 2021 | $697K | $452K | $2.9M |
Between 2021 and 2025, reported annual revenue grew from $697K to $2.8M (+304%), with total assets most recently reported at $21.7M.
Interactive year-over-year charts and full filing details available with membership.