75 State Street

What 75 State Street does

75 State Street is a nonprofit 501(c)(3) senior living community founded in 1854 and operating continuously for over 170 years on a single city block in Portland, Maine's historic West End neighborhood. The campus comprises three buildings: State Street (the largest, with Assisted and Independent Living on five floors), Harborside (four floors of retirement living), and Cutter House (an 1820s Federal-style building with eleven apartments on three floors). The organization offers a continuum of care through two core residential products - Independent Living rental units ranging from studios ($2,442/month) to two-bedroom apartments ($5,838/month), and Assisted Living units at $275-$324/day ($7,600-$8,940/month) - supplemented by tiered Level of Care add-ons ($500-$1,500/month), an Independent Living Plus personal-care package, and ancillary fees. Average resident age is 83, with a roughly 35%/65% male-to-female ratio.

The underlying operating model combines an all-inclusive monthly subscription pricing structure (meals, utilities, housekeeping, linen, maintenance, transportation, programs included) with tiered care-based pricing, a move-in coordination fee of $3,500, and a charitable fundraising stream. The community holds MaineCare eligibility for qualifying residents and operates on a month-to-month rental basis with no buy-in requirement. Technology infrastructure includes a 73-panel rooftop solar array producing approximately 39,751 kWh annually with a real-time monitoring system, plus a standard senior living community management workflow.

Go-to-market is direct-to-consumer and relationship-based, relying on an Admissions Director who conducts 45-60 minute in-person or virtual tours, financial assessments, and informal admissions interviews. Marketing channels are primarily the organization's own website (75statestreet.org), a Facebook presence, and direct outreach. Since 2017 the community has operated as an affiliate of Avesta Housing, a larger nonprofit housing organization recognized as a 2025 Best Place to Work in Maine. Revenue derives from resident fees, ancillary service charges, and charitable donations; no revenue figure is publicly disclosed.

Name

75 State Street

Legal name

75 State Street

Website

https://75statestreet.org

Company type

Private

Founded year

1854

Operating status

Operating

Headcount range

51–100 employees

Short description

Nonprofit 501(c)(3) senior living community in downtown Portland, Maine, founded 1854 and affiliated with Avesta Housing since 2017, offering Independent Living and Assisted Living with tiered care services to older adults.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Assisted Living Facilities for the Elderly (623312)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro primary industry

Market-Rate Independent Living (Private Pay) Communities (HLADAAAA)

akta.pro secondary industries

Active Adult (55+) Independent Living Communities (HLADAAAD), Social, Community & Senior Center Outings Transport (HSABAOAG)

Keywords

• Senior living community
• Independent living services
• Assisted living care
• Continuum of care
• Retirement housing

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Independent Living Rent: Monthly rental income from Independent Living units including studios, efficiencies, suites, one-bedroom, and two-bedroom apartments. All-inclusive pricing includes utilities, all meals, maintenance, linen service, housekeeping, programs, and scheduled transportation.
2. Assisted Living Services: Daily rate revenue for Assisted Living units (studios, suites, suites with balconies) plus level-of-care costs. All-inclusive pricing includes rent, utilities, personal care, medication administration, all meals, maintenance, linen service, housekeeping, programs, and scheduled transportation.
3. Independent Living Plus Service Packages: Enhanced service packages for Independent Living residents providing daily assistance including medication reminders, personal caregiver assistance, well-being checks, and home organization support.
4. Fee-Based Services: Additional fee-based revenue from move-in coordination, pet deposits, parking fees, second occupant fees, and personal laundry services.
5. Donations and Charitable Contributions: Nonprofit 501(c)(3) organization receives charitable donations from individuals, donor advised funds, stock/securities gifts, and estate planning legacy gifts to support mission of providing exceptional care for older adults.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

75 State Street is a nonprofit senior living community operating on a single city-block campus in downtown Portland, Maine. It provides rental Independent Living units (studios through two-bedroom apartments) and Assisted Living residences (studios, suites, suites with balconies) with graduated levels of personal care. All-inclusive monthly fees cover meals, housekeeping, maintenance, utilities, transportation, programs, and (for Assisted Living) 24-hour healthcare staff and medication administration.

Product overview

75 State Street is a nonprofit senior living community offering a continuum of care with two core residential products: Independent Living (rental units from studios to two-bedroom apartments with optional a la carte support services) and Assisted Living (all-inclusive residential care with graduated levels of care). The Independent Living Plus add-on module provides tiered service packages for Independent Living residents who need additional daily support. All residents receive three restaurant-style meals daily, access to amenities, activities, and transportation services. The organization operates a campus with three buildings (State Street, Harborside, and Cutter House) in Portland, Maine.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Living Rental independent living units ranging from studios to 1,300 square foot two-bedroom apartments with flexible month-to-month leases, maintenance, three restaurant-style meals daily, daily activities, fitness and wellness programs, and 24-hour emergency response. Optional a la carte personal care services are available through Independent Living Plus.
• Assisted Living Residential care with private studios, suites, and suite-with-balcony rental units offering all-inclusive care packages. Includes 24-hour healthcare staff, medication administration, assistance with activities of daily living, three restaurant-style meals per day, and graduated Level-of-Care tiers (Base plus Levels 1-3) for additional daily care minutes.

Quantifiable outcome

• 73 solar panels generate 39,751 kWh annually, offsetting over 49,316 miles of driving and keeping more than 38,000 lbs. of carbon out of the atmosphere per year
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Avesta HousingcoreStrategic or Co-development Partner · 1 January 201775 State Street is an affiliate of Avesta Housing. Avesta Housing is a nonprofit organization that has been named a 2024 Best Place to Work in Maine. The partnership provides organizational backing and shared resources for 75 State Street's senior living operations in Portland, Maine.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• The Cedars: Nonprofit senior living community located in Portland, Maine, offering independent living, assisted living, memory care, and skilled nursing. Directly comparable to 75 State Street in geography (same Portland market), nonprofit mission, and continuum-of-care model.
• Piper Shores: Nonprofit continuing care retirement community (CCRC) in Scarborough, Maine (adjacent to Portland) offering independent living, assisted living, memory care, and skilled nursing. Comparable nonprofit CCRC model serving the same Greater Portland senior demographic.
• Gorham House: Senior living community in Gorham, Maine offering independent and assisted living services. Comparable assisted living offerings and regional Maine footprint serving similar Portland-area seniors and their families.

Broad incumbents

• Atria Senior Living: Large national for-profit senior living operator with multiple communities across the U.S. offering independent living, assisted living, and memory care. Comparable product offerings at scale, though for-profit rather than nonprofit model.
• Sunrise Senior Living: National senior living operator with assisted living and memory care communities across the U.S. and internationally. Comparable assisted living service model and tiered care levels though operates at substantially greater scale as a for-profit incumbent.
• Brookdale Senior Living: Largest U.S. senior living operator offering independent living, assisted living, memory care, and skilled nursing across hundreds of communities. Comparable full continuum-of-care product, though at national scale versus 75 State Street's single-campus nonprofit model.
• Benchmark Senior Living: New England-based senior living operator with multiple communities across the Northeast offering independent and assisted living. Comparable regional Northeast footprint and product offering, though for-profit at larger scale.
• Hawthorn Senior Living: Network of nonprofit senior living communities in the Mid-Atlantic and Northeast. Comparable nonprofit CCRC-style model with independent and assisted living offerings, providing useful benchmark on nonprofit senior housing operations.

Regional players

• Holland Street Senior Living: Nonprofit or municipal-style senior living community serving Cape Cod area. Comparable nonprofit senior living model in New England serving similar demographic, though in a different geography than Greater Portland.

Others

• LeadingAge: National industry association representing nonprofit aging services providers including senior living communities. Relevant as a peer/membership organization that benchmarks operations, advocacy, and best practices for organizations like 75 State Street.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/75statestreet.org
• LinkedInlinkedin.com/company/75-state-street

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 75 State Street