Is Dennysville Housing Legit?

Dennysville Housing demonstrates consistent financial stability and growth over the past decade. The organization's assets have steadily increased from $140,367 in 2015 to $381,920 in 2024, indicating sound financial management and asset accumulation. Revenue has also shown a positive trend, reaching $259,523 in the latest filing period (202406), comfortably exceeding expenses of $245,261. This consistent surplus contributes to their growing asset base. The organization exhibits strong spending efficiency, with expenses consistently below revenue, allowing for reinvestment and growth. A key indicator of their commitment to mission is the reported 0% officer compensation across all available filings, suggesting that resources are primarily directed towards program services rather than executive salaries. This practice, combined with a low liability-to-asset ratio (e.g., $7,442 liabilities against $381,920 assets in 2024), points to a well-managed and financially prudent operation. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation and the consistent financial surpluses strongly imply a high proportion of funds are allocated to their housing mission. The organization's consistent filing history and clear financial trends suggest a good level of transparency regarding their overall financial health.