Freeman Forest Housing Corp

Housing & shelter organization based in Bangor, ME.0 Exempt under §501(c)(3).

MissionTO OPERATE A 22 UNIT LOW INCOME HOUSING DEVELOPMENT IN ORONO, ME WHICH PROVIDES DECENT, SAFE, AND SANITARY HOUSING TO THE ELDERLY AND/OR DISABLED. THE DEVELOPMENT IS SUBSIDIZED BY USDA RURAL DEVELOPMENT AS TO ITS MORTGAGE AND RENTAL INCOME.

EIN
01-0533179
State
ME
Sector
Housing & shelter
Budget band
$250K–$500K
Latest filing
TY 2024
Records
—

Financial snapshot · TY 2024

$298K
Total revenue
$293K
Total expenses
$892K
Net assets

Financial health · TY 2024

37
Financial health needs attention
Composite score out of 100 based on reserve ratio, program efficiency, and revenue diversification.
Reserve ratio
0
-8.7 months of expenses
Program efficiency
92
86.8% spent on programs
Revenue diversity
1
Mix of program fees, grants & contributions

No individual compensation data available.

This organization files with the IRS but does not report individual compensation on Form 990 Part VII.

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Freeman Forest Housing Corp Executive Compensation | 990 Data | DoubleNine