Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1968.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
6 people listed on the 990; $15K paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| James C Miller | $3,000 | $3,000 | $3,000 | $3,000 | $2,500 | $3,000 |
| John R Daly JR | $3,000 | $3,000 | $3,000 | $3,000 | $2,500 | $3,000 |
| Nigel a Moffett - Clerk Until | $3,000 | — | — | — | — | — |
| Leonard Gruenfeld - Clerk Appt | $3,000 | — | — | — | — | — |
| Nigel a Moffett | — | $3,000 | $3,000 | $3,000 | $2,500 | $3,000 |
| Leonard Gruenfeld | — | $3,000 | $3,000 | $3,000 | $2,500 | $3,000 |
| Raymond O Anderson | $1,500 | $1,500 | $2,000 | $2,000 | $1,000 | $1,500 |
| Kenric a Prescott | $1,500 | $2,000 | $2,000 | $2,000 | $1,500 | $2,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Bowdoin Apartments Corporation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides below-market loans, grants, and technical help for affordable housing projects.
Questions for Bowdoin Apartments Corporation
Your first name shows with your question. Bowdoin Apartments Corporation answers here, for everyone.
The program service activity is the support of affordable residential housing in terms of below market rate loans, grants, and counseling. The organization's loan portfolio balance at september 30, 2025 was $1,950,000. The organization also made 25 grants to other 501(c)(3) organizations that have similar programs.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $494K | $447K |
| InvestmentsLn 11–13 | $12.1M | $13.1M |
| Total assetsLn 16 | $13.0M | $13.8M |
| LiabilitiesLn 26 | $125K | $400K |
| Net assetsLn 32 | $12.8M | $13.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $668K | $668K | ||
| Pay of current officers, directors and key staffLn 5 | $10K | $5K | $5K | |
| Investment management feesLn 11f | $76K | $76K | ||
| Other fees for servicesLn 11g | $17K | $4K | $13K | |
| Office expensesLn 13 | $40 | $22 | $18 | |
| Information technologyLn 14 | $63 | $63 | ||
| TravelLn 17 | $9K | $4K | $4K | |
| InterestLn 20 | $6K | $6K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $337 | $120 | $217 | |
| Total functional expensesLn 25 | $788K | $687K | $101K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Jul 28, 2026 | $781K | $788K | −$7K | $13.4M | 990 PDF |
| FY2024Filed with the IRS Aug 6, 2025 | $907K | $830K | $77K | $12.8M | 990 PDF |
| FY2023Filed with the IRS Aug 8, 2024 | $734K | $589K | $144K | $11.0M | 990 PDF |
| FY2022Filed with the IRS Jun 21, 2023 | $722K | $562K | $160K | $10.2M | 990 PDF |
| FY2021Filed with the IRS Feb 10, 2022 | $792K | $427K | $365K | $12.6M | 990 PDF |
| FY2020Filed with the IRS Apr 8, 2021 | $498K | $590K | −$92K | $11.1M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $780,804 revenue, 12 lines filed
Part VI · Governance 3 of 6 board members independent, 2 to look at
Part VIII · Statement of revenue $780,804 across 4 lines filed
Part IX · Statement of functional expenses $788,024 across 10 lines filed
Part X · Balance sheet $13,783,737 assets, 11 lines filed
Part XI · Reconciliation of net assets $13,383,737 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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