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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter Penquis Development Inc.

Penquis Development Inc.

Fiscal year ending 2024. Filed on August 15, 2025.

PO Box 1162
Bangor, Maine 04402

Penquis Development Inc. (EIN: 01-0541817) has filed an IRS Form 990 since fiscal year 2020. In its fiscal year 2024 IRS Form 990 filing, Penquis Development Inc., a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $220,827. The highest compensated employee at Penquis Development Inc. is Kara Hay with fiscal year 2024 compensation of $285,136.

Revenue, expenses, and employee compensation

Revenue

$3,199,574

Expenses

$2,644,251

Employee compensation

$337,525
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kara Hay
Chief Executive Officer
$285,136
$0 $249,207 $35,929
Denice Conary
Chief Financial Officer
$209,560
$0 $183,784 $25,776
Heidi Leblanc
Chief Operating Officer
$167,786
$0 $165,150 $2,636

Benchmark Employee Compensation

Non-Employee Board Members

Brian Thibeau
Director
Catherine Sullivan
Director
Jack Clukey
Director
Mark Leonard
Director
Rick Harnum
Director
Tyler Collins
Board Chair

Contractors

Penquis Cap Inc.
Management
$378,205
Dunbar & Brawn Construction
Professional
$238,603

Mission Statement

TO PROMOTE AND PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS IN THE STATE OF MAINE.

Revisions to this organization profile

August 15, 2025:
2024 Penquis Development Inc. 990 filed
August 14, 2024:
2023 Penquis Development Inc. 990 filed
August 14, 2023:
2022 Penquis Development Inc. 990 filed

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