Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 22-2970652

BANGOR HOUSING DEVELOPMENT CORPORATION

Tax-exempt · BANGOR, ME 04401

Financials

$2.7M$3M2022$3.6M$3.4M2023$3.9M$3.7M2024
Revenue Expenses · by fiscal year end
Financials of BANGOR HOUSING DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,921,566$3,724,641$196,925$11,123,496$7,960,128$3,163,368
June 30, 2024990$3,558,806$3,408,452$150,354$11,329,345$8,362,902$2,966,443
June 30, 2023990$2,693,999$3,036,759-$342,760$18,401,431$15,906,484$2,494,947
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,110,030
of which government grants
$1,110,030
Program service revenue
$3,000,221
Investment income
-$188,685
Net gain from sales of assets
-$247,488
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$433,856
Salaries, compensation and benefits (total)
$590,017
Professional fundraising fees
$0
Legal fees
$24,385
Accounting fees
$47,963
Depreciation
$487,702
Program services (functional)
$3,651,471
Management and general (functional)
$73,170

Balance sheet and other

Total assets, start of year
$11,329,345
Total assets, end of year
$11,123,496
Total liabilities, end of year
$7,960,128
Net assets, end of year
$3,163,368
Land, buildings and equipment
$6,931,826
Net assets without donor restrictions
$2,053,338
Net assets with donor restrictions
$1,110,030
Gross receipts
$5,269,054
Employees
0
Volunteers
7
Year formed
1987
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL MYATTSECRETARY/TREASURER
Trustee or director, Officer
12$53,829$175,324$14,749
ELIZABETH HAYWARDPRESIDENT
Trustee or director, Officer
1$0$0$0
RODNEY MCKAYVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
JANE JOHNSONDIRECTOR
Trustee or director
1$0$0$0
ROBERTA DOWNEYDIRECTOR
Trustee or director
1$0$0$0
BRENDA BROWNDIRECTOR
Trustee or director
1$0$0$0
PAUL CHAIKENDIRECTOR
Trustee or director
1$0$0$0
RICHARD LAFERTIEDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
MICHAEL MYATTSECRETARY/TREASURER
Trustee or director, Officer
1$59,075$150,523$18,797
ELIZABETH HAYWARDPRESIDENT
Trustee or director, Officer
1$0$0$0
RODNEY MCKAYVICE PRESIDENT
Trustee or director, Officer
1$0$0$0
JANE JOHNSONDIRECTOR
Trustee or director
1$0$0$0
ROBERTA DOWNEYDIRECTOR
Trustee or director
1$0$0$0
RICHARD LAFERTIEDIRECTOR
Trustee or director
1$0$0$0
PAUL CHAIKENDIRECTOR
Trustee or director
1$0$0$0
BRENDA BROWNDIRECTOR
Trustee or director
1$0$0$0
990 for the year ended June 30, 2023: 8 people
NameTitleHours / weekCompensation
MICHAEL MYATTSECRETARY
Trustee or director, Officer
1$56,500
ELIZABETH HAYWARDPRESIDENT
Trustee or director, Officer
1$0
RODNEY MCKAYVICE PRESIDENT
Trustee or director, Officer
1$0
JANE JOHNSONDIRECTOR
Trustee or director
1$0
ROBERTA DOWNEYDIRECTOR
Trustee or director
1$0
RICHARD LAFERTIEDIRECTOR
Trustee or director
1$0
PAUL CHAIKENDIRECTOR
Trustee or director
1$0
BRENDA BROWNDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
161 DAVIS RD, BANGOR, ME 04401-2310
Principal officer (990 for 2024)
MICHAEL MYATT, 161 DAVIS ROAD, BANGOR, ME 04401
Signed the 990
MICHAEL MYATT, SECRETARY/TREASURER
Phone
(207) 942-6365
Return prepared by
CBIZ ADVISORS LLC

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $3,651,471 · revenue $2,752,733

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
22-2970652
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1990
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$11,123,496
Income (IRS master file)
$5,269,054

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,921,566$3,724,641$11,123,496IRS
990June 2024$3,558,806$3,408,452$11,329,345IRS
990June 2023$2,693,999$3,036,759$18,401,431IRS
990June 2022$2,631,454$3,121,880$11,209,624IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 22-2970652).

Questions about BANGOR HOUSING DEVELOPMENT CORPORATION

What is the EIN of BANGOR HOUSING DEVELOPMENT CORPORATION?
The employer identification number (EIN) of BANGOR HOUSING DEVELOPMENT CORPORATION is 22-2970652.
Is BANGOR HOUSING DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to BANGOR HOUSING DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BANGOR 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 BANGOR 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 BANGOR 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 BANGOR HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 names MICHAEL MYATT.
Who are the officers and directors of BANGOR HOUSING DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $53,829 (MICHAEL MYATT, SECRETARY/TREASURER).
How much revenue does BANGOR HOUSING DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,921,566, expenses of $3,724,641 and total assets of $11,123,496 at year end.

Other nonprofits in BANGOR

All nonprofits in BANGOR · Maine