Is Mattawamkeag Housing Corp Legit? —…

Red Flags

Consistent operational deficits (expenses exceeding revenue) across multiple years, such as $206,009 in expenses vs. $196,206 in revenue in 202312.
Liabilities consistently exceed assets by a significant margin (e.g., $873,960 in liabilities vs. $507,577 in assets in 202312), indicating a high debt burden.
Declining asset base over time, from $593,743 in 201412 to $507,577 in 202312, suggesting a potential erosion of financial reserves.
Lack of detailed expense breakdown in the provided data makes it difficult to assess program efficiency and administrative overhead accurately.

Spending Breakdown

How Mattawamkeag Housing Corp allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

20%

Admin Costs

Reasonable — admin costs in check

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 Mattawamkeag Housing Corp

Is Mattawamkeag Housing Corp a legitimate charity?

Based on AI analysis of IRS 990 filings, Mattawamkeag Housing Corp (EIN: 10353284) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.

Is Mattawamkeag Housing Corp a good charity to donate to?

Mattawamkeag Housing Corp has a Mission Score of 55/100. Revenue: $214K. Assets: $521K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Mattawamkeag Housing Corp?

The Employer Identification Number (EIN) for Mattawamkeag Housing Corp is 10353284. 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 Mattawamkeag Housing Corp spend its money?

Mattawamkeag Housing Corp allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Mattawamkeag Housing Corp's tax-exempt status?

You can verify Mattawamkeag Housing Corp's tax-exempt status using EIN 10353284 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

Mattawamkeag Housing Corp consistently operates with expenses exceeding revenue, as seen in the 202312 period where expenses were $206,009 against revenues of $196,206, and similarly in 202212 with $192,736 in expenses against $174,828 in revenue. This trend of deficit spending is a long-standing pattern, indicating a reliance on existing assets or other funding mechanisms to cover operational costs. The organization's assets have shown a gradual decline over the years, from $593,743 in 201412 to $507,577 in 202312, while liabilities have remained consistently high, often exceeding assets, such as $873,960 in liabilities against $507,577 in assets in 202312. This suggests a significant debt burden relative to its asset base.

The organization reports 0% officer compensation across all available filings, which is a positive indicator of efficient use of funds for its mission rather than executive salaries. However, without a detailed breakdown of expenses (e.g., program, administrative, fundraising), it's challenging to fully assess spending efficiency. The consistent operational deficits and high liabilities relative to assets warrant closer scrutiny into the sustainability of its financial model. The lack of detailed expense categories in the provided data limits a comprehensive assessment of program spending efficiency.

In terms of transparency, the consistent filing of IRS 990 forms over 13 periods is a strength. However, the absence of a specified NTEE code and the lack of detailed expense breakdowns in the provided data make it difficult to fully understand the organization's specific programmatic focus and how efficiently funds are allocated. A more granular view of expenses would enhance transparency and allow for a better evaluation of its financial health and impact.

Is Mattawamkeag Housing Corp Legit?

Verdict: Mattawamkeag Housing Corp shows mixed signals