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Filing year 2023

BANGOR HOUSING DEVELOPMENT CORPORATION

Bangor, Maine·EIN 22-2970652·501(c)(3)
Total revenue
$3.6M
Total assets
$11.3M
Total expenses
$3.4M
Reported officers
8
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Secretary/treasurer
Officer (Unspecified)
$78k
$87k
Base
$59k
Bonus
—
Other
—
Benefits
—

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

John T Gorman Foundation2024
$297k
John T Gorman Foundation2023
$260k
PETER ALFOND FOUNDATION2023
$50k
PETER ALFOND FOUNDATION2024
$50k

Up 38%
from 2022

From $57k in 2022 to $78k in 2023.

$57k
2022
$78k
2023
In today's dollarsEst.
Up 33% in real terms$65k to $87k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

BANGOR HOUSING DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.7M
$3M
2022
$3.6M
$3.4M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about BANGOR HOUSING DEVELOPMENT CORPORATION

What are BANGOR HOUSING DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, BANGOR HOUSING DEVELOPMENT CORPORATION reported $3.6M in total revenue and $3.4M in total expenses on its IRS Form 990.

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