Pine Tree Housing Agency

Tax-deductible

Portland, ME501(c)(3)Foundations & GrantmakersEIN 27-0039482

This page gets seen. Tell your story. Claim this org.

To develop, own and manage residential subsidized Housing units for qualified individuals.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $495K a year · 96% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3962 mo
of spending, in cash
Looks good: 3962.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+163% vs prior year
Spent
$22K
To programs
100%
Net assets
$7.6M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +163%
Revenue by fiscal year
FY2020$556K
FY2021$428K
FY2022$78K
FY2023$420K
FY2024$1.1M
Expenses
$22K
FY2024▲ +14%
Expenses by fiscal year
FY2020$21K
FY2021$24K
FY2022$24K
FY2023$20K
FY2024$22K
Net assets
$7.6M
FY2024▲ +18%
Net assets by fiscal year
FY2020$5.5M
FY2021$6.6M
FY2022$5.6M
FY2023$6.4M
FY2024$7.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $22K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Dana Totman’s $220K as Chief Executive Officer is at the 86th percentile of top reported officer pay among 1691 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Pine Tree Housing Agency executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops, owns, and manages affordable housing for eligible individuals.

Provided by the organization

This section is blank until Pine Tree Housing Agency claims this page.

Know this organization? Claim it to add your story

1 program service account for $22K of program spending, described in the organization's own filed words · FY2024.
01

Development and management of affordable housing in the state of maine.

$22Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Investment incomeLn 3$1.1M
Money outPt IX
$22K
Ln 25
Programscol B$22K
Owns and owesPt X
$7.6M
net assets · Ln 32
Cash and savingsLn 1–2$7.4M
Total assetsLn 16$7.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$1.1M
Gains on assetsLn 7$954K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
SavingsLn 2$7.4M
Cash and savings togetherLn 1–2$7.4M
Other assetsLn 15$219K
Total assetsLn 16$7.6M
LiabilitiesLn 26$0
Net assetsLn 32$7.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$6.2M$7.4M
Total assetsLn 16$6.4M$7.6M
LiabilitiesLn 26$0$0
Net assetsLn 32$6.4M$7.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Investment management feesLn 11f$22K$22K
Total functional expensesLn 25$22K$22K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$22K$1.1M$7.6M 990 PDF
FY2023 $420K$20K$401K$6.4M 990 PDF
FY2022 $78K$24K$54K$5.6M 990 PDF
FY2021 $428K$24K$404K$6.6M 990 PDF
FY2020 $556K$21K$535K$5.5M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,105,430 across 3 lines filed
VIII-3 Investment incomeRelated to mission $151,466$151,466
VIII-7 Net gain or loss on sales of assetsRelated to mission $953,964$953,964
VIII-12 Total revenueRelated to mission $1,105,430 · Unrelated business $0 · Excluded from tax $0$1,105,430
Part IX · Statement of functional expenses $22,381 across 1 line filed
IX-11f Investment management feesPrograms $22,381$22,381
IX-25 Total functional expensesPrograms $22,381 · Management $0 · Fundraising $0$22,381
Part X · Balance sheet $7,609,487 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $6,228,845$7,390,297
X-15 Other assetsStart of year $219,190$219,190
X-16 Total assetsStart of year $6,448,035$7,609,487
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $6,448,035$7,609,487
X-33 Total liabilities and net assetsStart of year $6,448,035$7,609,487
Part XI · Reconciliation of net assets $7,609,487 net assets at year end
XI-1 Total revenue$1,105,430
XI-2 Total expenses$22,381
XI-3 Revenue less expenses$1,083,049
XI-4 Net assets at start of year$6,448,035
XI-5 Net unrealized gains (losses) on investments$78,403
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,609,487

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.