Lewiston, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lewiston-Auburn Area Housing Development Corporation, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $397K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 263% operating deficit.
Lewiston-Auburn Area Housing Development Corporation LAAHDC was formed to organize, develop, and financially assist or manage projects, programs and services providing affordable home ownership or rentals to low income, elderly and/or handicapped individuals and families. LAAHDC is a Component Unit of Lewiston Housing Authority LHA.
Low income housing at 292 Bates St., 30 River St., and 31 River St. in Lewiston, Maine. Developed in cooperation with Lewiston Housing Authority, the Corporation has 24 units of Low Income Housing.
LAAHDC provides office space for programs operated by non-profit programs and community organizations. The first floor of 292 Bates street is used for various community functions, including community...
LAAHDC provides office space for programs operated by non-profit programs and community organizations. The first floor of 292 Bates street is used for various community functions, including community police functions. The kitchen is used by Promise Early Education Center formerly Androsscogin Head Start to prepare meals for its child service programs.
Two programs Housing Navigator and Homeless HUB. Housing Navigator, program to work with families experiencing or at risk of homelessness to find and maintain housing. Homeless HUB, program to...
Two programs Housing Navigator and Homeless HUB. Housing Navigator, program to work with families experiencing or at risk of homelessness to find and maintain housing. Homeless HUB, program to improve the homeless response system across the state.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $396,741 | $524,351 | -0.2% |
| Expenses | $1,439,838 | $800,258 | +0.8% |
| Net Income | $-1,043,097 | $-275,907 | +2.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Craig Saddlemire | President | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jon Hussey | Treasurer | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Azenaide Pedro | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Marc Pellerin | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Sarah Cash | Secretary | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Linda Scott | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Steve Wallace | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $396,741 | $1,439,838 | $3,009,101 | $-1,043,097 |
| 2024 | No data | No data | No data | No data |
| 2023 | $524,351 | $800,258 | $6,234,149 | $-275,907 |
| 2022 | $336,271 | $798,732 | $2,380,421 | $-462,461 |
| 2021 | $375,800 | $481,135 | $2,635,385 | $-105,335 |
| 2020 | $548,050 | $306,839 | $2,726,730 | $241,211 |
| 2019 | $209,809 | $218,744 | $1,095,428 | $-8,935 |
Compare Lewiston-Auburn Area Housing Development Corporation with other nonprofits in Maine and across the country.