BATH HOUSING DEVELOPMENT CORPORATION

EIN: 222618694 501(c)(3) Housing & Shelter

BATH, ME

Total Revenue
$3,401,265
Total Expenses
$3,136,352
Total Assets
$21,133,939
Net Assets
$9,001,834
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
ME
Principal Officer
DEBORA KELLER
Phone
2074433116
Tax Period
2024-01-01 to 2024-12-31

BATH HOUSING DEVELOPMENT CORPORATION, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2024. Expenses of $3.1M left a modest 8% surplus.

Mission

TO FOSTER, ENCOURAGE, PARTICIPATE IN, FINANCE, OWN, OPERATE, PROMOTE AND ADVANCE THE DEVELOPMENT OF HOUSING PROJECTS AND RELATED FACILITIES AFFORDABLE BY PRIMARILY LOW INCOME PERSONS AND FAMILIES; TO PROVIDE AFFORDABLE FINANCIAL AND TECHNICAL ASSISTANCE AND SERVICES TO LOW INCOME HOMEOWNERS; TO IMPLEMENT PROGRAMS INTENDED TO ENHANCE THE GROWTH OF SOCIAL AND ECONOMIC STABILITY FOR LOW INCOME FAMILIES; AND TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE INHABITANTS IN THE BATH, MAINE REGION.

Program Service Accomplishments

Program 1
Expenses: $2,438,811 Revenue: $2,124,065

DEVELOPMENT, IMPROVEMENT AND MANAGEMENT OF HOUSING FOR LOW INCOME PERSONS. BHDC OWNS 175 MULTI-FAMILY APARTMENTS WHICH IT RUNS IN ACCORDANCE WITH ITS CHARITABLE MISSION.

Program 2
Revenue: $53,150

BHDC LEASES A COMMERCIAL OFFICE BUILDING TO BATH HOUSING AUTHORITY.

Program 3
Expenses: $125,077

BHDC OPERATES COMFORTABLY HOME SERVING LOW-INCOME, OLDER ADULTS AND PEOPLE WITH DISABILITIES. THE PROGRAM CONDUCTS HOME MODIFICATIONS TO ALLOW PEOPLE TO THRIVE IN THEIR OWN HOMES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,003,573
Program Service Revenue $2,177,215
Investment Income $220,477
Other Revenue $0
TOTAL REVENUE $3,401,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $547,746
Fundraising Expenses $0
Program Expenses $2,563,888
Other Expenses $2,588,606
TOTAL EXPENSES $3,136,352

Year-over-Year Comparison

2024 2023 Change
Revenue $3,401,265 $3,223,929 +0.1%
Expenses $3,136,352 $2,898,288 +0.1%
Net Income $264,913 $325,641 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
13

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$178,057
Total Directors
11
$178,057
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA GAUL CHAIR 2.00
Officer Director
$0 $0 $0
NANCY JENNINGS VICE CHAIR 2.00
Officer Director
$0 $0 $0
NANCY CARLETON TREASURER 2.00
Officer Director
$0 $0 $0
DEBORA KELLER SECRETARY/EXECUTIVE DIRECT 20.00
Officer Director
$0 $20,781 $178,057
CR DAVIS DIRECTOR 2.00
Director
$0 $0 $0
MICHELLE RINES DIRECTOR 2.00
Director
$0 $0 $0
ERIK NELSON DIRECTOR 2.00
Director
$0 $0 $0
CATHERINE POWERS DIRECTOR 2.00
Director
$0 $0 $0
TOBIAS GABRANSKI DIRECTOR 2.00
Director
$0 $0 $0
ROBERTA JORDAN DIRECTOR 2.00
Director
$0 $0 $0
SANDRA WENTWORTH DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,401,265 $3,136,352 $21,133,939 $264,913
2023 $3,223,929 $2,898,288 $13,138,904 $325,641
2022 $2,857,692 $2,764,630 $12,423,196 $93,062
2021 $6,289,688 $1,911,291 $12,708,509 $4,378,397
2020 $2,063,193 $1,318,350 $7,888,243 $744,843
2019 $1,638,885 $1,346,477 $7,278,730 $292,408
2018 $1,264,654 $1,354,975 $6,007,374 $-90,321
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