AVESTA HOUSING MANAGEMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

AVESTA HOUSING MANAGEMENT CORPORATION

EIN 23-7356030 · Housing Development, Construction & Management (L20)

What they do

AVESTA HOUSING MANAGEMENT CORPORATIONS MISSION is to IMPROVE LIVES and STRENGTHEN COMMUNITIES BY PROMOTING and PROVIDING QUALITY AFFORDABLE HOMES for PEOPLE IN NEED.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

84.19%of revenue went to mission work83.9% of expenses · Program services

0.86%of revenue went to fundraising0.9% of expenses

$100.36spent for every $100 of revenueSpending was higher than revenue this year.

15.31%of revenue went to management and office costs15.3% of expenses

$0.50in assets for every $1 spent this yearSome assets cannot be spent right away.

1.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $39,091 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $162,867 for AMANDA GILLIAM (VP OF PROPERTY MANAGEMENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$10,856,391

Mission workProgram services$9,140,22384.19% of revenue83.9% of expenses

ManagementOffice and general costs$1,661,98515.31% of revenue15.3% of expenses

FundraisingAsking for donations$93,2740.86% of revenue0.9% of expenses

Total expenses$10,895,482100.36% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.9% mission · 15.3% management · 0.9% fundraisingTotal expenses: 100.36% of revenue

2023Expense mix: 83.9% mission · 15.5% management · 0.6% fundraisingTotal expenses: 97.89% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 101.52% of revenue

2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 100.45% of revenue

2020Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.91% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 96.85% of revenue

Money in and money out

Revenue$10,856,391

Expenses$10,895,482

Annual shortfall $39,091 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$9,140,223 · 83.9% of expenses

Management and office costs$1,661,985 · 15.3% of expenses

Fundraising$93,274 · 0.9% of expenses

See all reported dollar amounts

Revenue$10,856,391

Expenses$10,895,482

Assets$5,398,331

Income$10,856,417

Contributions$196,807

Mission work (program services)$9,140,223

Fundraising$93,274

Management and general$1,661,985

Accounting fees$8,100

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

AMANDA GILLIAMVP OF PROPERTY MANAGEMENT · 40 hrs/week $162,867Base $134,309 · Other $28,558

KATY SMITHVP OF SENIOR LIVING · 1 hrs/week $30,500Base · Other $30,500

ERIC BOUCHERINTERIM PRESIDENT AND CEO · 1 hrs/week $29,822Base · Other $29,822

SARA OLSONVP OF ADVANCEMENT · 1 hrs/week $23,000Base · Other $23,000

REBECCA HATFIELDPRESIDENT (PAST) · 1 hrs/week $23,000Base · Other $23,000

KIM FARRARVP OF STRATEGIC INITIATIVE · 1 hrs/week $18,383Base · Other $18,383

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

AMANDA GILLIAMVP OF PROPERTY MANAGEMENT

KATY SMITHVP OF SENIOR LIVING

ERIC BOUCHERINTERIM PRESIDENT AND CEO

SARA OLSONVP OF ADVANCEMENT

REBECCA HATFIELDPRESIDENT (PAST)

KIM FARRARVP OF STRATEGIC INITIATIVE

JANICE DE LIMADIRECTOR

TIMOTHY AGNEWTREASURER

PETER PITEGOFFSECRETARY

PETER BASSDIRECTOR

NATHAN POOREDIRECTOR

LYNNE ROCHEDIRECTOR

KIMBERLY TWITCHELLDIRECTOR

JIM HANLEYDIRECTOR

JAMES ELKINSDIRECTOR

DR RENEE FAY-LEBLANCVICE CHAIR

DR JULIA REDDINGDIRECTOR

DOUGLAS STOCKBRIDGEDIRECTOR

DEBRA ORELLANA-MEJIADIRECTOR

CHOMBA KALUBADIRECTOR

ANDREA DODGE PATSTONECHAIR

AMY SMITHDIRECTOR

ALICE KABOREDIRECTOR

About this charity

Recognized since: January 2019
Location: 307 CUMBERLAND AVE, PORTLAND, ME 04101-4920
County: Cumberland
In care of: ERIC BOUCHER
Primary officer: ERIC BOUCHER, SR VP OF FINANCE AND ADMINISTRATION

How to reach them

Phone(207) 553-7777

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: OTIS ATWELL
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management