Is New Marblehead North Housing Corporation Legit?
Quick charity verification for New Marblehead North Housing Corporation (EIN: 222628311)
Verdict: New Marblehead North Housing Corporation appears trustworthy
75/100Mission Score
$278KRevenue
$1.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent reporting of $0 executive compensation may indicate a lack of transparency regarding actual leadership costs or a fully volunteer-run model that should be clarified.
The organization's assets have been steadily declining from $1,205,761 in 2021 to $1,106,073 in 2023, warranting further investigation into the cause.
Strengths
Stable revenue generation over several years, consistently around $230,000 - $250,000.
Low administrative and fundraising overhead, indicating a high percentage of funds likely go directly to programs.
Consistent operational history dating back to at least 2016.
Spending Breakdown
How New Marblehead North Housing Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
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 New Marblehead North Housing Corporation
Is New Marblehead North Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, New Marblehead North Housing Corporation (EIN: 222628311) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is New Marblehead North Housing Corporation a good charity to donate to?
New Marblehead North Housing Corporation has a Mission Score of 75/100. Revenue: $278K. Assets: $1.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Marblehead North Housing Corporation?
The Employer Identification Number (EIN) for New Marblehead North Housing Corporation is 222628311. 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 New Marblehead North Housing Corporation spend its money?
New Marblehead North Housing Corporation allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Marblehead North Housing Corporation's tax-exempt status?
You can verify New Marblehead North Housing Corporation's tax-exempt status using EIN 222628311 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
New Marblehead North Housing Corporation is a unknown nonprofit based in Portland, Maine, with reported revenue of $278K and assets of $1.1M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. • The organization consistently reports 0% compensation for its officers, directors, trustees, and key employees across all available filings.
• Detailed program spending is not explicitly broken down in the provided data, making it difficult to assess the specific allocation within programs.
• Financial statements show consistent revenue and expenses, indicating stable but not expanding operations. Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or extremely lean operational structure for leadership. Revenue has declined -21% across 13 filing periods.