EIN 47-1739509

Raise-Op Housing Cooperative

Name: Raise-Op Housing Cooperative financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Lewiston

State

Maine

Year formed

2014

Most recent tax filings

2023-12-01

NTEE code, primary

L80: Housing Support Services

Description

Raise-Op Housing Cooperative operates safe and affordable housing that members control through democratic means on a non-profit basis. The Cooperative provides quality, energy-efficient, and affordable housing options while fostering stewardship for the land and its assets. Furthermore, Raise-Op ensures clean buildings and common spaces for its members.

Total revenues

$941,299

2023

Total expenses

$306,260

2023

Total assets

$2,757,637

2023

Num. employees

2023

Program areas at Raise-Op Housing Cooperative

Raise-Op provided safe, quality, affordable, energy-efficient Housing; maintained clean buildings and common spaces; provided a variety of Housing options; and fostered stewardship of the land, buildings, and the Cooperative's assets. Raise-Op developed 18 new units of affordable Housing reserved for households at or below 60% area median income.

Who funds Raise-Op Housing Cooperative

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The Ayco Charitable Foundation	2022-12	Community & Human Services	$600,000
ImpactAssets	2023-12	General Support	$20,000
Elmina B Sewall Foundation	2023-12	General Operating Support	$10,000

Personnel at Raise-Op Housing Cooperative

Name	Title	Compensation	Date of data
Craig Saddlemire	Cooperative Development Organizer	$31,620	2024-11-23
Michael Herrmann	Secretary	$0	2024-09-20
Shaad Masood	President and Treasurer	$0	2022-12-31
Julia Harper	Secretary	$0	2022-12-31
Ronald Flannery	Past Treasurer / Director	$0	2022-12-31
...and 2 more key personnel

Financials for Raise-Op Housing Cooperative

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$39,205	$715,581	-94.5%
Program services	$894,314	$248,239	260.3%
Investment income and dividends	$50	$43	16.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$7,730	$0	999%
Total revenues	$941,299	$963,863	-2.3%

Form 990s for Raise-Op Housing Cooperative

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-07	990	View PDF
2022-12	2023-11-06	990	View PDF
2021-12	2022-10-27	990	View PDF
2020-12	2021-11-15	990	View PDF
2019-12	2020-10-19	990	View PDF

Organizations like Raise-Op Housing Cooperative

Organization	Type	Location	Revenue
Virginia Housing Alliance	501(c)(3)	Richmond, VA	$887,991
Housing Development Consortium of Seattle - King County	501(c)(3)	Seattle, WA	$1,813,242
Affordable Housing Alliance of Central Ohio	501(c)(3)	Columbus, OH	$478,780
Housing Colorado	501(c)(3)	Denver, CO	$1,412,785
Metropolitan Housing Coalition	501(c)(3)	Louisville, KY	$333,212
The Kennedy Commission	501(c)(3)	Irvine, CA	$898,070
Fair Housing Center of Central Indiana	501(c)(3)	Indianapolis, IN	$1,108,595
Minnesota Housing Partnership (MHP)	501(c)(3)	Saint Paul, MN	$3,135,018
Housing Action Illinois	501(c)(3)	Chicago, IL	$3,577,625
Non-Profit Housing Association of Northern California (NPH)	501(c)(3)	San Francisco, CA	$3,803,797

Data update history

January 4, 2025

Received grants

Identified 2 new grant, including a grant for $20,000 from ImpactAssets

September 21, 2024

Updated personnel

Identified 3 new personnel

December 31, 2023

Posted financials

Added Form 990 for fiscal year 2022

December 31, 2023

Received grants

Identified 2 new grant, including a grant for $83,000 from ImpactAssets

December 23, 2023

Received grants

Identified 1 new grant, including a grant for $20,000 from Elmina B Sewall Foundation

Nonprofit Types

Housing and shelter organizationsCharities

Issues

Human servicesHousing

Characteristics

Political advocacyLobbyingState / local levelTax deductible donationsAccepts online donations

General information

Address: 145 Pierce St Office 102; Lewiston, ME 04240
Metro area: Lewiston-Auburn, ME
County: Androscoggin County, ME
Website URL: raiseop.com/
Phone: (207) 200-1596

IRS details

EIN: 47-1739509
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2014
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L80: Housing Support Services
NAICS code, primary: 62422: Community Housing Services
Parent/child status: Independent

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Raise-Op Housing Cooperative

Program areas at Raise-Op Housing Cooperative

Who funds Raise-Op Housing Cooperative

Personnel at Raise-Op Housing Cooperative

Financials for Raise-Op Housing Cooperative

Form 990s for Raise-Op Housing Cooperative

Organizations like Raise-Op Housing Cooperative

Nonprofits

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