HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR

EIN: 223100803 501(c)(3) Housing & Shelter

SCARBOROUGH, ME

Total Revenue
$6,184,582
Total Expenses
$2,887,809
Total Assets
$105,986,207
Net Assets
$102,734,406
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NH
Principal Officer
CYNTHIA MILLIKEN TAYLOR
Phone
2077748812
Tax Period
2024-01-01 to 2024-12-31

HOUSING INITIATIVES OF NEW ENGLAND CORP C/O CYNTHIA J MILLIKEN TAYLOR, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2024. Revenue fell 80% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.3M, a strong 53% operating margin.

Mission

LOW-INCOME HOUSING

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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 $598,219
Program Service Revenue $2,422,346
Investment Income $3,164,017
Other Revenue $0
TOTAL REVENUE $6,184,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,554,603
Fundraising Expenses $0
Program Expenses $1,087,335
Other Expenses $1,333,206
TOTAL EXPENSES $2,887,809

Year-over-Year Comparison

2024 2023 Change
Revenue $6,184,582 $30,556,443 -0.8%
Expenses $2,887,809 $3,197,692 -0.1%
Net Income $3,296,773 $27,358,751 -0.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
5
Volunteers
N/A

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
1
$373,743
Total Directors
4
$499,523
Key Employees
2
$451,589
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SILK CHAIRPERSON 5.00
Director
$0 $0 $0
CYNTHIA J MILLIKEN TAYLOR PRESIDENT 40.00
Director Highest
$430,523 $69,000 $499,523
JANE O'ROURKE SECRETARY 5.00
Director
$0 $0 $0
MARC POULIN VICE CHAIR 5.00
Director
$0 $0 $0
WILLIAM W WALKER VICE PRESIDENT 40.00
Officer
$304,743 $69,000 $373,743
KAREN A COWPERTHWAITE EMPLOYEE 40.00
Key Emp
$186,340 $45,253 $231,593
MICHAEL S MILLIKEN EMPLOYEE 40.00
Key Emp
$177,181 $42,815 $219,996
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 $6,184,582 $2,887,809 $105,986,207 $3,296,773
2023 $30,556,443 $3,197,692 $101,529,619 $27,358,751
2022 $12,614,146 $3,848,180 $80,202,462 $8,765,966
2021 $7,030,512 $3,580,578 $75,729,157 $3,449,934
2020 $9,874,060 $3,936,888 $70,845,809 $5,937,172
2019 $6,023,602 $3,929,633 $66,366,518 $2,093,969
2018 $11,522,689 $4,105,560 $60,144,308 $7,417,129
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