Is Central Maine Real Estate Management Corp Legit?
Quick charity verification for Central Maine Real Estate Management Corp (EIN: 10387674)
Verdict: Central Maine Real Estate Management Corp shows mixed signals
55/100Mission Score
$510Revenue
$1.6MAssets
3Red Flags
3Strengths
Red Flags
Consistent and significant operating deficits (e.g., 2023 revenue $14,594 vs. expenses $304,483).
Revenue has been declining in recent years while expenses remain high (e.g., 2014 revenue $94,538 vs. 2023 revenue $14,594).
NTEE code is unknown, making it difficult to benchmark against similar organizations or understand its specific charitable purpose.
Strengths
Consistent IRS 990 filing history, indicating good compliance and transparency.
No officer compensation reported, suggesting efficient use of funds at the executive level.
Substantial asset base (over $1.5 million in recent years), providing a buffer against deficits.
Spending Breakdown
How Central Maine Real Estate Management Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Central Maine Real Estate Management Corp
Is Central Maine Real Estate Management Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Maine Real Estate Management Corp (EIN: 10387674) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Central Maine Real Estate Management Corp a good charity to donate to?
Central Maine Real Estate Management Corp has a Mission Score of 55/100. Revenue: $510. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Central Maine Real Estate Management Corp?
The Employer Identification Number (EIN) for Central Maine Real Estate Management Corp is 10387674. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Central Maine Real Estate Management Corp spend its money?
Central Maine Real Estate Management Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Central Maine Real Estate Management Corp's tax-exempt status?
You can verify Central Maine Real Estate Management Corp's tax-exempt status using EIN 10387674 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Central Maine Real Estate Management Corp appears to be a financially stable organization in terms of assets, consistently holding over $1.5 million in assets in recent years, reaching $1,626,862 in 2023. However, its financial health raises concerns due to a consistent pattern of expenses significantly exceeding revenue. For example, in 2023, the organization reported revenue of $14,594 against expenses of $304,483, indicating a substantial operating deficit. This trend is not isolated, with similar deficits observed in 2022 (revenue $32, expenses $325,237) and 2021 (revenue $27,510, expenses $272,813). This persistent reliance on drawing down assets or other funding sources to cover operational costs suggests a potentially unsustainable financial model if not addressed.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of expenses into program, administrative, and fundraising categories, which is not provided in the summary data. However, the large and consistent deficits suggest that current revenue generation is insufficient to cover its operational footprint. Transparency is generally good given the consistent filing of IRS Form 990s over many years, indicating compliance with reporting requirements. The consistent reporting of 0% officer compensation also points to a lack of excessive executive pay, which is a positive transparency indicator.