Bowdoin Apartments Corporation
Bowdoin Apartments Corporation is a 501(c)(4) nonprofit organization based in Malden, Massachusetts, established in 1963. The organization supports affordable housing through a combination of below-market-rate loans, grants, and technical assistance to other 501(c)(3) organizations. As of 2023, the organization maintained a loan portfolio balance of $1,040,000 and made 16 grants to affordable housing organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.0M
+8.5% YoY
Annual Giving
$640K
+70.7% YoY
Grant Count
24
+71.4% YoY
Avg Grant Size
$27K
-0.4% YoY
Mission & Focus Areas
The organization's primary mission centers on supporting affordable residential housing. Its program service activities include:
- Providing below-market-rate loans to affordable housing initiatives
- Making grants to 501(c)(3) organizations with similar housing programs
- Offering counseling and technical assistance during the due diligence process for housing organizations
The organization's primary NTEE classification is Public Housing Facilities (L21).
Grantmaking
Bowdoin Apartments Corporation actively supports affordable housing organizations through grant funding. Recent grant activity includes:
Ready to take the next step with Bowdoin Apartments Corporation?
Geographic Focus
Where this funder awards grants
The organization operates primarily in Massachusetts, with recent grant activity extending to Maine. The organization is headquartered in Malden, Massachusetts.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of September 30, 2023:
- Total Assets: $11,941,434
- Total Revenues: $733,677
- Total Expenses: $589,485
- Loan Portfolio Balance: $1,040,000
- Number of Employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,951,436 | $11,941,434 | $11,276,770 |
| Revenue | $906,766 | $733,677 | $722,395 |
| Expenses | $829,753 | $589,485 | $562,011 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $758,120 | $620,399 | $714,615 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
95 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
| Title | Name | Address |
|---|---|---|
| President | James C Miller | 332 North Lane, Bristol, RI 02809 |
| Treasurer | John R. Daly Jr. | 188 Black Mountain Road, Lincoln, NH 03251 |
| Clerk | Nigel A. Moffett | 16 Eisenhower Drive, Middletown, NY 10940 |
| Director | J. Lee Westrate | 12 Driftwood Drive, Audubon, PA 19403 |
| Director | Raymond Anderson | 2 Frederick Street, Waterbury, CT 06710 |
| Director | Leonard Grunfeld | 16 Midchester Avenue, White Plains, NY 10606 |
| Director | Kenric A. Prescott | 75 D Farm Drive, Manchester, CT 06040 |
The registered agent is Thomas P. Callaghan, Jr., Esq.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES C MILLER | PRESIDENT/DIRECTOR | 2 | $3,000 |
| JOHN R DALY JR | TREASURER/DIRECTOR | 2 | $3,000 |
| NIGEL A MOFFETT | CLERK/DIRECTOR | 2 | $3,000 |
| LEONARD GRUENFELD | DIRECTOR | 2 | $3,000 |
| RAYMOND O ANDERSON | DIRECTOR | 2 | $1,500 |
| KENRIC A PRESCOTT | DIRECTOR | 2 | $2,000 |
Contact Information
Principal Office Address: C/O Kelliher and Callaghan One Centre Street Malden, MA 02148
Leasing Office: 22-1 Bowdoin Street Malden, MA 02148 Phone: (781) 322-0305
Related Funders
Similar funders by location and focus area
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Communities for Restorative Justice
BOSTON, MA
Assets
$524K
Grants
1
Total Given
$61K
Hingham Historical Society Inc
HINGHAM, MA
Assets
$7.4M
Grants
1
Total Given
$10K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Bowdoin Apartments Corporation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities