Avesta Housing Management Corporation
Avesta Housing Management Corporation reported $10.9 million in revenue and $10.9 million in expenses for calendar year 2024. Of every $100 it spent, $83.89 went to program services, $15.25 to management and general costs and $0.86 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.0% of the total. The highest compensation it reported for one person was $445,503 (PRESIDENT (PAST)). 1 person received more than $100,000 in reportable compensation. Revenue rose 59% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $11MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 83.9% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 15.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 1.8% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $445,503 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.09% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 1 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 1.6 | 10.0 |
| Independent voting board members Part VI 1a–1b | 17 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseAll expenses relate to the management of affordable housing properties and support for residents living in those properties. Avesta Housing manages 100 affordable properties consisting of more than 3,000 apartments. All properties managed by Avesta Housing are supported by a team of property managers, resident service coordinators, and maintenance technicians. These trained professionals make sure that buildings are well-maintained, and they assist residents with making connections to the community resources they need to live safely and comfortably. Through a partnership with preble street…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT (PAST) Officer, 1.00 hrs/week | $0 | $422,503 | $23,000 | $445,503 |
| INTERIM PRESIDENT AND CEO Officer, 1.00 hrs/week | $0 | $205,707 | $29,822 | $235,529 |
| VP OF SENIOR LIVING Officer, 1.00 hrs/week | $0 | $167,149 | $30,500 | $197,649 |
| VP OF STRATEGIC INITIATIVE Officer, 1.00 hrs/week | $0 | $164,198 | $18,383 | $182,581 |
| VP OF ADVANCEMENT Officer, 1.00 hrs/week | $0 | $146,058 | $23,000 | $169,058 |
| VP OF PROPERTY MANAGEMENT Officer, 40.00 hrs/week | $134,309 | $0 | $28,558 | $162,867 |
1 people received more than $100,000 in reportable compensation from Avesta Housing Management Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 17 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5132
Correct a figure or respond
Every number above is copied from Avesta Housing Management Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Avesta Housing Management Corporation, you can publish a response that is linked from this page.
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Of every $100 Avesta Housing Management Corporation spent in 2024, $83.89 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Maine
Questions people ask
How much of Avesta Housing Management Corporation's spending goes to programs?
In calendar year 2024, Avesta Housing Management Corporation reported that 83.9% of its $10.9 million in expenses went to program services, 15.3% to management and general and 0.9% to fundraising (Form 990, Part IX).
How much does Avesta Housing Management Corporation pay its top executive?
The largest total compensation Avesta Housing Management Corporation reported for one person in calendar year 2024 was $445,503, for the role of PRESIDENT (PAST) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Avesta Housing Management Corporation get its money?
Of $10.9 million in revenue in calendar year 2024, 1.8% came from contributions and grants (including 0.0% from government grants) and 98.0% from program service revenue (Form 990, Part VIII).
Is Avesta Housing Management Corporation a registered charity?
The IRS lists EIN 23-7356030 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202502959349301805 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433099349302418 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343109349301799 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213129349303391 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143159349303729 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043039349301449 · read the filing
All filings for EIN 23-7356030: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.