Quick charity verification for Community Housing Of Maine Inc (EIN: 10490195)
Verdict: Community Housing Of Maine Inc appears trustworthy
85/100Mission Score
$14.6MRevenue
$51.3MAssets
1Red Flags
4Strengths
Red Flags
Unusually low or zero reported officer compensation, requiring further clarification.
Strengths
Consistent revenue growth, with latest revenue at $14,574,617.
Strong asset growth, reaching $51,268,162 in total assets.
Positive net income in recent periods, indicating financial stability (e.g., 2023 revenue $6,801,341 vs. expenses $4,889,067).
No reported officer compensation, potentially indicating high efficiency in leadership costs or volunteer leadership.
Spending Breakdown
How Community Housing Of Maine Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Community Housing Of Maine Inc
Is Community Housing Of Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Housing Of Maine Inc (EIN: 10490195) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Community Housing Of Maine Inc a good charity to donate to?
Community Housing Of Maine Inc has a Mission Score of 85/100. Revenue: $14.6M. Assets: $51.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Community Housing Of Maine Inc?
The Employer Identification Number (EIN) for Community Housing Of Maine Inc is 10490195. 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 Community Housing Of Maine Inc spend its money?
Community Housing Of Maine Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Community Housing Of Maine Inc's tax-exempt status?
You can verify Community Housing Of Maine Inc's tax-exempt status using EIN 10490195 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
Community Housing Of Maine Inc demonstrates a generally stable financial position with consistent asset growth over the past few years, reaching $40,859,839 in assets by June 2023. The organization has consistently reported positive net income in recent periods, with revenue significantly exceeding expenses, such as in 2023 where revenue was $6,801,341 against expenses of $4,889,067. This indicates effective financial management and an ability to build reserves. However, the organization's liabilities are substantial, at $25,473,358 in 2023, which is common for housing development organizations that often carry significant debt related to property acquisition and development. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in this specific field, which warrants further investigation.