Quick charity verification for Bath Housing Development Corporation (EIN: 222618694)
Verdict: Bath Housing Development Corporation appears trustworthy
85/100Mission Score
$3.8MRevenue
$21.1MAssets
1Red Flags
4Strengths
Red Flags
Lack of detailed program descriptions in available data makes it difficult to fully assess impact beyond financial metrics.
Strengths
Consistent revenue growth over the past several years, from $975,060 in 2016 to $3,223,929 in 2023.
Strong asset growth, increasing from $5,108,818 in 2016 to $13,138,904 in 2023, indicating financial stability.
Very low administrative and fundraising expenses, with a high percentage of spending directed towards programs.
Healthy financial position with assets significantly exceeding liabilities.
AI Transparency Report
Bath Housing Development Corporation is a housing & shelter nonprofit based in Bath, Maine, with reported revenue of $3.8M and assets of $21.1M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. • Financial data consistently reported across multiple years, indicating a commitment to transparency.
• No compensation reported for key employees, suggesting a volunteer-led or very lean executive structure.
• Assets and liabilities are clearly delineated, providing a straightforward financial picture. Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is covered by a related entity, which warrants further investigation. Revenue has grown +1326% across 13 filing periods.