Maine · Nonprofit
HOUSING INITIATIVES OF NEW ENGLAND CORP
HOUSING INITIATIVES OF NEW ENGLAND CORP (Maine) receives grants from 1 organization whose IRS filings report $100,000 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($100,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $4.7M
- Funders on record
- 1
- Grants received
- $100k
- Net assets
- $109M
What Housing Initiatives of New England Corp does
Mission
Low-income housing
As stated on its FY2025 Form 990.
Program
Maintained three (3) quality low-income elderly and family (section 8) projects and preserved them for low-income housing purposes.
$1,092,781 spent$1,362,070 earned by the program100% of program spending
The program described on its FY2025 Form 990. Program spending in total: $1,092,781.
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. 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 2022 to 2023, from $80M to $102M (+27%).
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 45% · 2018 18% · 2019 41% · 2020 22% · 2021 26% · 2022 15% · 2023 3% · 2024 10% · 2025 14%. Grants only. Government contracts and fees sit inside program revenue.
14% of HOUSING INITIATIVES OF NEW ENGLAND CORP’s revenue is contributions — about as donation-reliant as the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 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.
Board chair
David Silk
Chairperson
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% 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 HOUSING INITIATIVES OF NEW ENGLAND CORP’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 HOUSING INITIATIVES OF NEW ENGLAND CORP's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $100k 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.
Against its field
HOUSING INITIATIVES OF NEW ENGLAND CORP runs a healthier operating margin than three-quarters of the 2,196 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 2,196 housing & shelter nonprofits $1M–$10M, FY2025
Government funding HOUSING INITIATIVES OF NEW ENGLAND CORP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $28k on record.
- Department of Housing and Urban Development$28k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like HOUSING INITIATIVES OF NEW ENGLAND CORP
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
32% of spending goes to programs.
Governance
Public support
33%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 48 related entities
- Bw Housing-Hinec LLC · disregarded
- Lh Housing-Hinec LLC · disregarded
- Hinec Ich and Kp Special LLC · disregarded
- Saco Fire Station Management LLC · disregarded
- Saco Fire Station Special Member LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for HOUSING INITIATIVES OF NEW ENGLAND CORP: 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 HOUSING INITIATIVES OF NEW ENGLAND CORP?
- HOUSING INITIATIVES OF NEW ENGLAND CORP (Maine) receives grants from 1 organization whose IRS filings report $100,000 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($100,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does HOUSING INITIATIVES OF NEW ENGLAND CORP have?
- IRS filings report 1 organization giving $100,000 in grants to HOUSING INITIATIVES OF NEW ENGLAND CORP.
- Who is the largest funder of HOUSING INITIATIVES OF NEW ENGLAND CORP?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $100,000 in grants. The full list of funders is on this page.
- How can an organization like HOUSING INITIATIVES OF NEW ENGLAND CORP 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.
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 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