2025-10-22T13:18:42-05:00 2024-12-31 203690847 OTIS ATWELL 324 GANNETT DRIVE SOUTH PORTLAND ME 041063263 990 2024-01-01 010315296 AVESTA HOUSING DEVELOPMENT CORPORATION AVES 2075537777 307 CUMBERLAND AVENUE PORTLAND ME 04101 ERIC BOUCHER SR VP OF FINANCE AND ADMINISTRATION 2075537777 2025-10-22 1 GREGORY GEISSER P01216187 2077801100 2024 2025-03-06 01:10:19Z ERIC BOUCHER 307 CUMBERLAND AVENUE PORTLAND ME 04101 13483055 0 X N/A X 1972 ME DEVELOPMENT AND MAINTENANCE OF QUALITY AFFORDABLE HOUSING IN MAINE AND NEW HAMPSHIRE. 17 17 57 0 0 0 3899925 5278417 7809277 7432464 -935128 739375 0 0 10774074 13450256 0 0 0 0 5692049 6409040 0 0 0 5215970 8368996 10908019 14778036 -133945 -1327780 78003139 82732095 52412522 57782435 25590617 24949660 X AVESTA HOUSING DEVELOPMENT CORPORATION'S MISSION IS TO IMPROVE LIVES AND STRENGTHEN COMMUNITIES BY PROMOTING AND PROVIDING QUALITY AFFORDABLE HOMES FOR PEOPLE IN NEED. 0 0 14778036 8171839 ALL EXPENSES RELATE TO THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING. AVESTA DRAWS UPON YEARS OF RECIPROCAL RELATIONSHIPS WITH THE FINANCIAL INDUSTRY, FUNDERS, COMMUNITY LEADERS, AND HOUSING ADVOCATES TO DEVELOP, ACQUIRE, AND PRESERVE HUNDREDS OF AFFORDABLE UNITS EACH YEAR. AVESTA'S DEVELOPMENT STAFF CONTRIBUTES EXTENSIVE MANAGEMENT, LEGAL, FINANCIAL, COMMUNITY PLANNING, AND CONSTRUCTION EXPERIENCE. WE ADHERE TO SMART GROWTH PRINCIPLES, SUSTAINABILITY GUIDELINES, AND DESIGN STANDARDS INFORMED BY OUR DEVELOPMENT AND PROPERTY MANAGEMENT EXPERIENCE. IN ADDITION TO DEVELOPING NEW PROPERTIES, AVESTA INVESTS IN MAINE AND NEW HAMPSHIRE'S LARGE STOCK OF OLDER, AFFORDABLE, MULTI-FAMILY HOUSING, INCLUDING DEVELOPMENTS REGULATED BY USDA RURAL DEVELOPMENT, HUD, MAINEHOUSING, AND NEW HAMPSHIRE HOUSING. AVESTA WORKS WITH MUNICIPALITIES, NEIGHBORHOOD GROUPS, AND LOCAL BUSINESSES TO ENSURE THAT EVERY DEVELOPMENT MEETS THE NEEDS OF THE COMMUNITY.IN 2024, AVESTA LAUNCHED A PROGRAM THAT ACQUIRES AND RESTORES EXISTING HOMES, MAKING THEM AVAILABLE AT BELOW-MARKET PRICES FOR LOW TO MODERATE-INCOME HOMEBUYERS. 14778036 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 1 57 1 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X AVESTA HOUSING 2075537777 307 CUMBERLAND AVE PORTLAND ME 04101 JIM HANLEY DIRECTOR 1.00 X 0 0 0 ALICE KABORE DIRECTOR 1.00 X 0 0 0 JANICE DE LIMA DIRECTOR 1.00 X 0 0 0 KIMBERLY TWITCHELL DIRECTOR 1.00 X 0 0 0 DR RENEE FAY-LEBLANC VICE CHAIR 1.00 X 0 0 0 DEBRA ORELLANA-MEJIA DIRECTOR 1.00 X 0 0 0 TIMOTHY AGNEW TREASURER 1.00 X 0 0 0 PETER BASS DIRECTOR 1.00 X 0 0 0 CHOMBA KALUBA DIRECTOR 1.00 X 0 0 0 JAMES ELKINS DIRECTOR 1.00 X 0 0 0 ANDREA DODGE PATSTONE CHAIR 1.00 X 0 0 0 DR JULIA REDDING DIRECTOR 1.00 X 0 0 0 LYNNE ROCHE DIRECTOR 1.00 X 0 0 0 NATHAN POORE DIRECTOR 1.00 X 0 0 0 DOUGLAS STOCKBRIDGE DIRECTOR 1.00 X 0 0 0 PETER PITEGOFF SECRETARY 1.00 X 0 0 0 AMY SMITH DIRECTOR 1.00 X 0 0 0 AMANDA GILLIAM VP OF PROPERTY MANAGEMENT 1.00 40.00 X 0 134309 28558 KIM FARRAR VP OF STRATEGIC INITIATIVE 1.00 40.00 X 164198 0 18383 ERIC BOUCHER INTERIM PRESIDENT AND CEO 1.00 40.00 X 205707 0 47322 REBECCA HATFIELD PRESIDENT (PAST) 1.00 40.00 X 422503 0 23000 KATY SMITH VP OF SENIOR LIVING 1.00 40.00 X 167149 0 40500 SARA OLSON VP OF ADVANCEMENT 1.00 40.00 X 146058 0 30500 1105615 134309 188263 5 0 1 0 CURTIS THAXTER LLC POB 7320 PORTLAND ME 04112 LEGAL 287987 MATTHEW JOHNSON DBA NEW AGE HOME IMPROVE 45 ROUND POND ROAD TURNER ME 04282 CONSTRUCTION 271950 A PLUS ENVIRONMENTAL LLC 1 HARDY ROAD BEDFORD NH 03110 ENVIRONMENTAL 225000 FIREHOUSE VENTURES LLC 148 REGAN LANE PORTLAND ME 04103 MAINTENANCE 220225 CHARTER COMMUNICATIONS HOLDINGS LLC POB 6030 CAROL STREAM IL 60197 COMMUNICATIONS 165683 5 4673975 604442 5278417 DEVELOPMENT OPERATIONS 531110 4132397 4132397 TENANT RENTS 531110 2594376 2594376 LAUNDRY & MISCELLANEOUS 531110 705691 705691 7432464 182249 182249 589925 32799 557126 557126 557126 13450256 8171839 0 0 X 1105615 1105615 4162592 4162592 800986 800986 339847 339847 392002 392002 125737 125737 185940 185940 67301 67301 36572 36572 32225 32225 1214818 1214818 1170948 1170948 238520 238520 REPAIRS & MAINTENANCE 1290807 1290807 UTILITIES 956696 956696 CONTRACTED SERVICES 762438 762438 ADMINISTRATIVE & MISCEL 485384 485384 1409608 1409608 14778036 14778036 0 0 4113107 3051338 3288523 3517779 711061 269347 119511 250425 45212646 21029348 24377170 24183298 45393767 51459908 78003139 82732095 3528495 4079800 344784 244784 47117052 51810237 1422191 1647614 52412522 57782435 X 25590617 24949660 25590617 24949660 78003139 82732095 X -1327780 686823 X 0 1 X 1 1 1 X 4275186 5558475 5691474 3899925 5278417 24703477 4275186 5558475 5691474 3899925 5278417 24703477 24703477 1237392 1097594 1023002 151564 739375 4248927 28952404 32694191 0.85320 0.86520 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3629154 3629154 41583492 21029348 20554144 24183298 TENANT SECURITY DEPOSITS 219468 OTHER ASSETS 46480997 DUE FROM AFFILIATES 4759443 51459908 PREPAID RENT 31736 TENANT SECURITY DEPOSITS 221162 NOTE PAYABLE - RELATED PARTY 1344701 DEVELOPMENT FEE PAYABLE 50015 1647614 X X 0 0 0 0 0 0 0 0 0 REBECCA HATFIELD PRESIDENT (PAST) 422503 0 0 0 0 0 23000 0 0 0 445503 0 0 0 ERIC BOUCHER INTERIM PRESIDENT AND CEO 205707 0 0 0 0 0 29822 0 17500 0 253029 0 0 0 KATY SMITH VP OF SENIOR LIVING 167149 0 0 0 0 0 30500 0 10000 0 207649 0 0 0 KIM FARRAR VP OF STRATEGIC INITIATIVE 164198 0 0 0 0 0 18383 0 0 0 182581 0 0 0 SARA OLSON VP OF ADVANCEMENT 146058 0 0 0 0 0 23000 0 7500 0 176558 0 0 0 AMANDA GILLIAM VP OF PROPERTY MANAGEMENT 0 134309 0 0 0 0 0 13558 0 15000 0 162867 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS PERFORM AN ANNUAL REVIEW OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 ALL ORGANIZING AND OPERATING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E CONSULTING: PROGRAM SERVICE EXPENSES 375,231. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 375,231. DEVELOPMENT COSTS: PROGRAM SERVICE EXPENSES 359,707. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 359,707. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 203,402. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 203,402. MISCELLANEOUS OPERATING: PROGRAM SERVICE EXPENSES 174,915. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 174,915. SUPPORTIVE SERVICES: PROGRAM SERVICE EXPENSES 103,751. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,751. SUPPLIES: PROGRAM SERVICE EXPENSES 97,530. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,530. MISCELLANEOUS FINANCIAL EXPENSES: PROGRAM SERVICE EXPENSES 64,861. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 64,861. BAD DEBTS: PROGRAM SERVICE EXPENSES 28,048. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,048. PRINTING & POSTAGE: PROGRAM SERVICE EXPENSES 2,163. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,163. FORM 990, PART XI, LINE 9: TRANSFERRED CAPITAL 686,823. 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