Maine · Nonprofit
AVESTA HOUSING MANAGEMENT CORPORATION
AVESTA HOUSING MANAGEMENT CORPORATION (Maine) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being Biddeford and Mechanics Savings Charitable Foundation ($10,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $11M
- Funders on record
- 1
- Grants received
- $10k
- Net assets
- $1.4M
What Avesta Housing Management Corporation does
Mission
Avesta Housing Management Corporation's mission is to improve lives and strengthen communities by promoting and providing quality affordable homes for people in need.
As stated on its FY2024 Form 990.
Program
All 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, avesta provides apartments and 24/7 support services to individuals who have experienced chronic homelessness.
$9,140,223 spent$10,650,610 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $9,140,223.
The organization over time
Each line starts at 100 in 2019, so what you read is the shape rather than the size: 150 means half as much again as 2019, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $1.9M to $3.4M (+82%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 12% · 2021 0% · 2022 0% · 2023 0% · 2024 0%. Grants only. Government contracts and fees sit inside program revenue.
2% of AVESTA HOUSING MANAGEMENT CORPORATION’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Eric Boucher
Interim president and CEO
Board chair
Andrea Dodge Patstone
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2021 → 2022: the base held at 1 funder, grant income held at $5k.
From the IRS filings of AVESTA HOUSING MANAGEMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of AVESTA HOUSING MANAGEMENT CORPORATION's grant income comes from Maine funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
AVESTA HOUSING MANAGEMENT CORPORATION's revenue grew 59% between 2019 and 2024.
this organization peer median middle 50% of peers· 817 housing & shelter nonprofits $10M–$100M, FY2024
Organizations like AVESTA HOUSING MANAGEMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maine
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
84% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 90 related entities
- Noble Housing Corporation · exempt
- Saco Housing Development Corporation · exempt
- Hill Street Terrace Housing Corporation · exempt
- Village Square Housing Corporation · exempt
- Maple Grove Elderly Housing Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for AVESTA HOUSING MANAGEMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds AVESTA HOUSING MANAGEMENT CORPORATION?
- AVESTA HOUSING MANAGEMENT CORPORATION (Maine) receives grants from 1 organization whose IRS filings report $10,000 to it, the largest being Biddeford and Mechanics Savings Charitable Foundation ($10,000). 1 of them have funded it in more than one year.
- How many funders does AVESTA HOUSING MANAGEMENT CORPORATION have?
- IRS filings report 1 organization giving $10,000 in grants to AVESTA HOUSING MANAGEMENT CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of AVESTA HOUSING MANAGEMENT CORPORATION?
- Biddeford and Mechanics Savings Charitable Foundation is the largest funder on record, with $10,000 in grants. The full list of funders is on this page.
- How can an organization like AVESTA HOUSING MANAGEMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maine. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Avesta Housing Management →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2019–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing