Nonprofit · EIN 22-2527595
PORTLAND HOUSING DEVELOPMENT CORPORATION
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,214,573 | $2,885,770 | $1,328,803 | $27,027,856 | $6,656,074 | $20,371,782 |
| June 30, 2024 | 990 | $5,566,931 | $1,938,846 | $3,628,085 | $24,238,614 | $5,734,320 | $18,504,294 |
| June 30, 2023 | 990 | $7,402,789 | $1,103,868 | $6,298,921 | $19,803,061 | $4,926,852 | $14,876,209 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,757,611
- Investment income
- $373,699
- Other revenue
- $83,263
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $653,618
- Salaries, compensation and benefits (total)
- $904,170
- Professional fundraising fees
- $0
- Legal fees
- $4,591
- Accounting fees
- $22,818
- Occupancy
- $131,894
- Travel
- $19,455
- Depreciation
- $97,131
- Program services (functional)
- $2,858,361
- Management and general (functional)
- $27,409
Balance sheet and other
- Total assets, start of year
- $24,238,614
- Total assets, end of year
- $27,027,856
- Total liabilities, end of year
- $6,656,074
- Net assets, end of year
- $20,371,782
- Land, buildings and equipment
- $9,369,100
- Net assets without donor restrictions
- $20,371,782
- Gross receipts
- $4,214,573
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1983
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN FROST | PRESIDENT Officer | 0.1 | $0 | $172,734 | $28,548 |
| CHRISTIAN MILNEAL | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| DIANE HERMANN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOAN WHITE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KRISTIN BLUM | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MONIQUE MUTUMWINKA | CHAIR Trustee or director | 0.1 | $0 | $0 | $0 |
| SHIRLEY PETERSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| TIM WELLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN FROST | PRESIDENT Officer | 0.1 | $0 | $152,430 | $25,428 |
| BOB DUNFEY | VICE CHAIR Trustee or director | 0.1 | $0 | $0 | $0 |
| CHRISTIAN MILNEAL | VICE CHAIR Trustee or director | 0.1 | $0 | $0 | $0 |
| DIANE HERMANN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOAN WHITE | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| KRISTIN BLUM | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MONIQUE MUTUMWINKA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SHIRLEY PETERSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| THOMAS VALLEAU | DIRECTOR (THRU 04/2024) Trustee or director | 0.1 | $0 | $0 | $0 |
| TIM WELLS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Cheryl Sessions | President (THRU 12/22) Officer | 0.1 | $0 | $128,018 |
| Brian Frost | President Officer | 0.1 | $0 | $118,733 |
| Kristin Blum | DIRECTOR Trustee or director | 0.1 | $0 | $0 |
| Bob Dunfey | VICE CHAIR Trustee or director | 0.1 | $0 | $0 |
| Christian Milneal | Director Trustee or director | 0.1 | $0 | $0 |
| Monique Mutumwinka | CHAIR Trustee or director | 0.1 | $0 | $0 |
| Shirley Peterson | Director Trustee or director | 0.1 | $0 | $0 |
| Thomas Valleau | Director Trustee or director | 0.1 | $0 | $0 |
| Joan White | Director Trustee or director | 0.1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 14 BAXTER BLVD, PORTLAND, ME 04101-1802
- In care of
- % BRIAN FROST
- Principal officer (990 for 2024)
- BRIAN FROST, 14 BAXTER BLVD, PORTLAND, ME 04103
- Signed the 990
- LEAH BRUNS, PRESIDENT
- Phone
- (207) 773-4753
- Return prepared by
- BDO USA
Mission
CONSTRUCTION OF LOW INCOME HOUSING, RENT SUPPLEMENTS AND SUPPORT SERVICES.
Program accomplishments
- PROVIDE HOUSING FOR LOWER-INCOME RESIDENTS.Expenses $2,858,361 · revenue $3,757,709
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2527595
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1984
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $27,027,856
- Income (IRS master file)
- $4,214,573
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,214,573 | $2,885,770 | $27,027,856 | IRS |
| 990 | June 2024 | $5,566,931 | $1,938,846 | $24,238,614 | IRS |
| 990 | June 2023 | $7,402,789 | $1,103,868 | $19,803,061 | XML |
| 990 | June 2022 | $5,230,784 | $1,138,515 | $11,772,178 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2527595).
Questions about PORTLAND HOUSING DEVELOPMENT CORPORATION
- What is the EIN of PORTLAND HOUSING DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PORTLAND HOUSING DEVELOPMENT CORPORATION is 22-2527595.
- Is PORTLAND HOUSING DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1984.
- Are donations to PORTLAND HOUSING DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PORTLAND HOUSING DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PORTLAND HOUSING DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTLAND HOUSING DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PORTLAND HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names BRIAN FROST.
- Who are the officers and directors of PORTLAND HOUSING DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does PORTLAND HOUSING DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,214,573, expenses of $2,885,770 and total assets of $27,027,856 at year end.
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