Maine · Nonprofit
BANGOR HOUSING DEVELOPMENT CORPORATION
BANGOR HOUSING DEVELOPMENT CORPORATION (Maine) receives grants from 3 organizations whose IRS filings report $1,820,250 to it, the largest being John T Gorman Foundation ($1,121,000). 2 of them have funded it in more than one year.
- Revenue FY2025
- $3.9M
- Funders on record
- 3
- Grants received
- $1.8M
- Net assets
- $3.2M
What Bangor Housing Development Corporation does
Mission
The specific purposes of the corporation are to organize, develop, financially assist, or manage, on a non-profit basis, projects or programs providing low- and moderate-income rentals in maine.
As stated on its FY2025 Form 990.
Program
On its FY2024 return the organization reported a significant change in how it conducts a program.
During the fiscal year, the organization sold the lofts at freese.
Its own explanation, from Schedule O of that return (Part III, line 3).
The organization owns four low-income housing projects and two affordable market rate projects located in the state of maine. These include autumn park west, crestwood place, greenfield apartments, griffin square, and ohio street. The organization entered into a development agreement with davis road senior housing lp which owns blueberry ridge, a newly constructed low-income housing project.
$3,651,471 spent$2,752,733 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $3,651,471.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $11M to $18M (+64%).
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: 2017 22% · 2018 20% · 2019 7% · 2025 28%. Grants only. Government contracts and fees sit inside program revenue.
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 9 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.
Who funds it, year by year
2020 → 2023: the base held at 2 funders, grant income fell $620k → $310k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 27% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BANGOR HOUSING DEVELOPMENT 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.
How concentrated its funding is
BANGOR HOUSING DEVELOPMENT CORPORATION leans on a few funders — its largest provides 62% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
27% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BANGOR HOUSING DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2020 81% · 2021 82% · 2022 82% · 2023 84% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. 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
85% of BANGOR HOUSING DEVELOPMENT 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. $500k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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.
Organizations like BANGOR HOUSING DEVELOPMENT 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
98% of spending goes to programs.
Governance
Public support
95%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 2 related entities
- Bangor Housing Authority · exempt
- Bangor Housing Corporation · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for BANGOR HOUSING DEVELOPMENT 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 BANGOR HOUSING DEVELOPMENT CORPORATION?
- BANGOR HOUSING DEVELOPMENT CORPORATION (Maine) receives grants from 3 organizations whose IRS filings report $1,820,250 to it, the largest being John T Gorman Foundation ($1,121,000). 2 of them have funded it in more than one year.
- How many funders does BANGOR HOUSING DEVELOPMENT CORPORATION have?
- IRS filings report 3 organizations giving $1,820,250 in grants to BANGOR HOUSING DEVELOPMENT CORPORATION, 2 of which have funded it in more than one year.
- Who is the largest funder of BANGOR HOUSING DEVELOPMENT CORPORATION?
- John T Gorman Foundation is the largest funder on record, with $1,121,000 in grants. The full list of funders is on this page.
- How can an organization like BANGOR HOUSING DEVELOPMENT 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 Bangor Housing Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 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