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:
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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
Among its reported 2024 grants, the largest include Olneyville Housing Corporation (dba One Neighborhood Builders) ($50,000), Young Mens Christian Association of Northern Middlesex County Inc ($50,000), Affordable Housing Education and Development ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AFFORDABLE HOUSING EDUCATION AND DEVELOPMENT LITTLETON, NH | PROGRAM SUPPORT | $25,000 |
| BETHEL AFRICAN METHODIST EPISCOPAL CHURCH OF NEW HAVEN NEW HAVEN, CT | PROGRAM SUPPORT | $25,000 |
| BUZZARDS BAY AREA HABITAT FOR HUMANITY MATTAPOISETT, MA | PROGRAM SUPPORT | $25,000 |
| CATHEDRAL SQUARE CORPORATION SOUTH BURLINGTON, VT | PROGRAM SUPPORT | $25,000 |
| COMMUNITY ACTION FOR BETTER HOUSING INC NEW BEDFORD, MA | PROGRAM SUPPORT | $25,000 |
| COMMUNITY HOUSING OF MAINE INC PORTLAND, ME | PROGRAM SUPPORT | $25,000 |
| HABITAT FOR HUMANITY NORTH CENTRAL MASSACHUSETTS INC ACTON, MA | PROGRAM SUPPORT | $25,000 |
| HABITAT FOR HUMANITY OF CAPE COD YARMOUTHPORT, MA | PROGRAM SUPPORT | $25,000 |
| HABITAT FOR HUMANITY OF GREATER LOWELL WESTFORD, MA | PROGRAM SUPPORT | $25,000 |
| HABITAT FOR HUMANITY OF GREATER NEWBURGH INC NEWBURGH, NY | PROGRAM SUPPORT | $25,000 |
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
Frequently Asked Questions
What does Bowdoin Apartments Corporation fund?
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).
How do I apply for a grant from Bowdoin Apartments Corporation?
Bowdoin Apartments Corporation actively supports affordable housing organizations through grant funding. Recent grant activity includes: | Grantee | Grant Description | Year | Amount | |---------|-------------------|------|--------| | Allston Brighton Community Development Corporation (ABCDC) | Program Support | 2023 | $50,000 | | Community Housing of Maine (CHOM) | Program Support | 2024 | $25,000 | As of September 30, 2023, the organization had made 16 grants to other 501(c)(3) organizations.…
Where does Bowdoin Apartments Corporation make grants?
The organization operates primarily in Massachusetts, with recent grant activity extending to Maine. The organization is headquartered in Malden, Massachusetts.
What size grants does Bowdoin Apartments Corporation award?
In 2024, Bowdoin Apartments Corporation awarded 24 grants totaling $640K — an average of about $27K per grant, based on its IRS Form 990 filings.
What is Bowdoin Apartments Corporation's EIN?
Bowdoin Apartments Corporation's EIN (Employer Identification Number) is 04-2399546. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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