Nonprofit · EIN 22-3100803
HOUSING INITIATIVES OF NEW ENGLAND
Tax-exempt · SCARBOROUGH, ME 04074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,720,182 | $3,413,907 | $1,306,275 | $112,736,743 | $3,402,544 | $109,334,199 |
| December 31, 2024 | 990 | $6,184,582 | $2,887,809 | $3,296,773 | $105,986,207 | $3,251,801 | $102,734,406 |
| December 31, 2023 | 990 | $30,556,443 | $3,197,692 | $27,358,751 | $101,529,619 | $3,279,511 | $98,250,108 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $647,293
- of which government grants
- $647,293
- Program service revenue
- $1,320,801
- Investment income
- $2,752,088
- Net gain from sales of assets
- $420,660
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,465,859
- Other salaries and wages
- $29,081
- Salaries, compensation and benefits (total)
- $1,991,357
- Professional fundraising fees
- $0
- Legal fees
- $6,243
- Accounting fees
- $39,000
- Travel
- $18,297
- Depreciation
- $426,918
- Program services (functional)
- $1,092,781
- Management and general (functional)
- $2,321,126
Balance sheet and other
- Total assets, start of year
- $105,986,207
- Total assets, end of year
- $112,736,743
- Total liabilities, end of year
- $3,402,544
- Net assets, end of year
- $109,334,199
- Land, buildings and equipment
- $9,752,950
- Net assets without donor restrictions
- $109,334,199
- Gross receipts
- $4,720,182
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1991
- State of legal domicile
- NH
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CYNTHIA J MILLIKEN TAYLOR | PRESIDENT Trustee or director, Highest-paid employee | 40 | $497,541 | $70,000 |
| WILLIAM W WALKER | VICE PRESIDENT Officer | 40 | $393,152 | $70,000 |
| KAREN A COWPERTHWAITE | EMPLOYEE Key employee | 40 | $290,830 | $70,000 |
| MICHAEL S MILLIKEN | EMPLOYEE Key employee | 40 | $284,336 | $69,221 |
| DAVID SILK | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| JANE O'ROURKE | SECRETARY Trustee or director | 5 | $0 | $0 |
| MARC POULIN | VICE CHAIR Trustee or director | 5 | $0 | $0 |
| JAMES MENIHANE | DIRECTOR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CYNTHIA J MILLIKEN TAYLOR | PRESIDENT Trustee or director, Highest-paid employee | 40 | $430,523 | $69,000 |
| WILLIAM W WALKER | VICE PRESIDENT Officer | 40 | $304,743 | $69,000 |
| KAREN A COWPERTHWAITE | EMPLOYEE Key employee | 40 | $186,340 | $45,253 |
| MICHAEL S MILLIKEN | EMPLOYEE Key employee | 40 | $177,181 | $42,815 |
| DAVID SILK | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| JANE O'ROURKE | SECRETARY Trustee or director | 5 | $0 | $0 |
| MARC POULIN | VICE CHAIR Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CYNTHIA J MILLIKEN TAYLOR | PRESIDENT Trustee or director, Highest-paid employee | 40 | $399,021 | $66,000 |
| WILLIAM W WALKER | VICE PRESIDENT Officer | 40 | $214,732 | $61,760 |
| DAVID SILK | CHAIRPERSON Trustee or director | 5 | $0 | $0 |
| TIMOTHY HASSETT | TREASURER Trustee or director | 5 | $0 | $0 |
| JANE O'ROURKE | SECRETARY Trustee or director | 5 | $0 | $0 |
| MARC POULIN | VICE PRESIDENT Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 264 US ROUTE 1 BLDG 300 SUITE 2A, SCARBOROUGH, ME 04074-4412
- In care of
- % CYNTHIA J MILLIKEN TAYLOR
- Principal officer (990 for 2025)
- CYNTHIA MILLIKEN TAYLOR, 264 US ROUTE 1 BLDG 300 SUITE 2A, SCARBOROUGH, ME 04074
- Signed the 990
- CYNTHIA MILLIKEN TAYLOR, PRESIDENT
- Phone
- (207) 774-8812
- Website
- WWW.HINEC.ORG
- Return prepared by
- OTIS ATWELL
Mission
LOW-INCOME HOUSING
Program accomplishments
- MAINTAINED THREE (3) QUALITY LOW-INCOME ELDERLY AND FAMILY (SECTION 8) PROJECTS AND PRESERVED THEM FOR LOW-INCOME HOUSING PURPOSES.Expenses $1,092,781 · revenue $1,362,070
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-3100803
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L99Z)
- Assets (IRS master file)
- $112,736,743
- Income (IRS master file)
- $4,720,182
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,720,182 | $3,413,907 | $112,736,743 | XML |
| 990 | December 2024 | $6,184,582 | $2,887,809 | $105,986,207 | XML |
| 990 | December 2023 | $30,556,443 | $3,197,692 | $101,529,619 | XML |
| 990 | December 2022 | $12,614,146 | $3,848,180 | $80,202,462 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 22-3100803).
Questions about HOUSING INITIATIVES OF NEW ENGLAND
- What is the EIN of HOUSING INITIATIVES OF NEW ENGLAND?
- The employer identification number (EIN) of HOUSING INITIATIVES OF NEW ENGLAND is 22-3100803.
- Is HOUSING INITIATIVES OF NEW ENGLAND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to HOUSING INITIATIVES OF NEW ENGLAND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOUSING INITIATIVES OF NEW ENGLAND 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 HOUSING INITIATIVES OF NEW ENGLAND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOUSING INITIATIVES OF NEW ENGLAND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HOUSING INITIATIVES OF NEW ENGLAND?
- The 990 for the year ended December 31, 2025 names CYNTHIA MILLIKEN TAYLOR.
- Who are the officers and directors of HOUSING INITIATIVES OF NEW ENGLAND?
- The 990 for the year ended December 31, 2025 lists 8 people; 4 received compensation from the organization, the highest $497,541 (CYNTHIA J MILLIKEN TAYLOR, PRESIDENT).
- How much revenue does HOUSING INITIATIVES OF NEW ENGLAND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,720,182, expenses of $3,413,907 and total assets of $112,736,743 at year end.
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