Greater Brunswick Housing Corporation

EIN: 311613251 501(c)(3) Housing & Shelter

Brunswick, ME

Total Revenue
$4,358,446
Total Expenses
$3,306,832
Total Assets
$19,876,752
Net Assets
$13,157,470
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
ME
Principal Officer
Libby Bernier-Michaud
Phone
2077258711
Tax Period
2024-07-01 to 2025-06-30

Greater Brunswick Housing Corporation, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.1M, a strong 24% operating margin.

Mission

The Organization's mission is to increase the supply of affordable housing in the region for low income families.

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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 $0
Program Service Revenue $3,925,529
Investment Income $432,917
Other Revenue $0
TOTAL REVENUE $4,358,446

Expense Breakdown

Grants Paid $21,312
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,923,080
Other Expenses $3,285,520
TOTAL EXPENSES $3,306,832

Year-over-Year Comparison

2024 2023 Change
Revenue $4,358,446 $4,655,472 -0.1%
Expenses $3,306,832 $2,886,172 +0.1%
Net Income $1,051,614 $1,769,300 -0.4%
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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
9
Employees
N/A
Volunteers
11

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
5
$398,512
Total Directors
11
$295,456
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Macleod Chair 1.00
Officer Director
$0 $0 $0
Jane Scease Vice Chair 1.00
Officer Director
$0 $0 $0
John Hodge President/Past ED, Sec., Treasurer 10.00
Officer Director
$0 $28,804 $176,694
John Gallagher Director 1.00
Director
$0 $0 $0
Terry Kelley Director 1.00
Director
$0 $0 $0
Crystal King Director 1.00
Director
$0 $0 $0
Abigail Kunitz Director 1.00
Director
$0 $0 $0
Roslyn Martin Director 1.00
Director
$0 $0 $0
Michael Veilleux Director 1.00
Director
$0 $0 $0
John T Vorhees Director 1.00
Director
$0 $0 $0
Libby Bernier-Michaud Executive Director, Sec., Treasurer 10.00
Officer Director
$0 $29,498 $118,762
Mark Galvez Director of Finance 10.00
Officer
$0 $13,125 $103,056
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
2025 $4,358,446 $3,306,832 $19,876,752 $1,051,614
2024 $4,655,472 $2,886,172 $18,855,995 $1,769,300
2023 $3,574,510 $2,307,391 $17,604,234 $1,267,119
2022 $3,161,972 $1,925,912 $11,831,820 $1,236,060
2021 $1,323,401 $797,541 $10,561,804 $525,860
2020 $702,463 $517,761 $6,288,428 $184,702
2019 $429,450 $497,956 $5,657,282 $-68,506
2018 $364,846 $464,032 $5,142,309 $-99,186
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