Consistent operational deficits (expenses exceeding revenue in all reported periods, e.g., $159,794 expenses vs. $101,748 revenue in 2023).
Negative net asset position (liabilities consistently exceed assets, e.g., $1,929,011 liabilities vs. $1,513,355 assets in 2023).
Declining asset base over time (from $1,971,775 in 2011 to $1,513,355 in 2023).
Increasing liabilities over time (from $1,864,580 in 2011 to $1,929,011 in 2023).
Strengths
Zero reported officer compensation across all filings, indicating efficient use of funds at the executive level.
Long operational history with 10 filings, suggesting resilience despite financial challenges.
Spending Breakdown
How Maples Housing Corporation allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Maples Housing Corporation
Is Maples Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Maples Housing Corporation (EIN: 141990608) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Maples Housing Corporation a good charity to donate to?
Maples Housing Corporation has a Mission Score of 45/100. Revenue: $101K. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Maples Housing Corporation?
The Employer Identification Number (EIN) for Maples Housing Corporation is 141990608. 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 Maples Housing Corporation spend its money?
Maples Housing Corporation allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Maples Housing Corporation's tax-exempt status?
You can verify Maples Housing Corporation's tax-exempt status using EIN 141990608 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
Maples Housing Corporation exhibits a concerning financial trend, consistently operating at a deficit over the past decade. In 2023, expenses of $159,794 significantly outstripped revenue of $101,748, resulting in a net loss. This pattern of spending more than it earns is long-standing, with expenses exceeding revenue in every reported period. While the organization maintains substantial assets, reported at $1,513,355 in 2023, its liabilities are even higher, reaching $1,929,011 in the same year, indicating a negative net asset position. This suggests a reliance on debt or accumulated deficits, which is not sustainable long-term.
The organization's financial health appears precarious due to this persistent operational deficit and negative net assets. The NTEE code L11 (Housing Development, Construction & Management) suggests a mission that likely involves significant capital expenditures or property management, which could explain the high asset base. However, the consistent revenue shortfall against expenses raises questions about the funding model's viability and the efficiency of its operations. Without a detailed breakdown of expenses, it's challenging to assess spending efficiency precisely, but the overall financial trajectory points to a need for strategic financial restructuring or increased revenue generation.
Transparency regarding executive compensation is excellent, with 0% reported for officer compensation across all filings. However, the lack of detailed expense breakdowns in the provided data limits a full assessment of spending efficiency beyond the top-line deficit. The consistent decline in assets from $1,971,775 in 2011 to $1,513,355 in 2023, coupled with rising liabilities, further underscores the financial challenges faced by Maples Housing Corporation.