VILLAGE SQUARE HOUSING CORPORATION

PORTLAND, ME | Cumberland County
Affordable Housing

Overview

VILLAGE SQUARE HOUSING CORPORATION
22-3230622
307 CUMBERLAND AVE
PORTLAND, ME 04101
Cumberland County
(207) 553-7777

Mission Statement info

TO DEVELOP, OWN AND MANAGE RESIDENTIAL SUBSIDIZED HOUSING UNITS FOR QUALIFIED ELDERLY INDIVIDUALS.

Founded info
1993
Total Employees info
36
Total Volunteers info
0
CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L21

L - Housing, Shelter

Low-Income & Subsidized Rental Housing

Organizations that develop, rehabilitate, manage and/or provide rental housing that is available to people who qualify on the basis of income, age or disability for publicly subsidized housing e.g., HUD housing or housing assistance under Section 8 of the Housing and Urban Development Act.

IRS Activity Codes info
380
Low-income housing
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
531110
Pension Funds

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$2.6M
Revenue
$2.6M
Assets
$3.8M
Exempt Ruling Date info
1993-06
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
307 CUMBERLAND AVE
PORTLAND, ME 04101
Cumberland County
FIPS Geocoded Address info
38860
MSA/CBSA info
23
State info
005
County info
0006.00
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
Portland-South Portland, ME
Combined Statistical Area info
Portland-Lewiston-South Portland, ME
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 29.07%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0006.00 Cumberland County
Population
Total Population 3,144 292,307
Total Households 1,366 120,644
Income
Median Family Income (Census*) $38,512 $73,072
Median Family Income (2019 FFIEC) $86,700 N/A
Tract Income Percentage 51.55% N/A
Below Poverty Level 38.0% 9%
Unemployment Level 17.5% 3.1%
Housing
Total Housing Units 1,480 144,470
Total Owner-Occupied Units 8.9% 69.3%
Total Renter-Occupied Units 83.4% 30.7%
Total Vacant Units 7.7% 6%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

13
Total Voting Members
in Governing Body
info
13
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Eric Boucher
CFO
(207) 553-7777
Principal Officer info
Dana Totman
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.