Gradual decline in total assets over the past several years (from $545,244 in 2017 to $422,629 in 2023).
Strengths
Consistent 0% officer compensation, indicating volunteer leadership and efficient use of funds.
Long history of IRS 990 filings (13 filings), demonstrating transparency.
Stable revenue generation over the past decade, supporting ongoing operations.
Reduction in liabilities over time, improving financial stability.
Spending Breakdown
How Norridgewock Housing Corp allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Norridgewock Housing Corp
Is Norridgewock Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Norridgewock Housing Corp (EIN: 10346779) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Norridgewock Housing Corp a good charity to donate to?
Norridgewock Housing Corp has a Mission Score of 90/100. Revenue: $253K. Assets: $424K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Norridgewock Housing Corp?
The Employer Identification Number (EIN) for Norridgewock Housing Corp is 10346779. 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 Norridgewock Housing Corp spend its money?
Norridgewock Housing Corp allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Norridgewock Housing Corp's tax-exempt status?
You can verify Norridgewock Housing Corp's tax-exempt status using EIN 10346779 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
Norridgewock Housing Corp appears to be a small, stable organization focused on its mission, as evidenced by its consistent revenue and expense patterns over the past decade. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and a commitment to directing funds towards its programs. While specific program spending details are not provided in the summary data, the absence of executive compensation suggests a high potential for efficient use of funds. The organization's assets have seen a gradual decline from $545,244 in 2017 to $422,629 in 2023, while liabilities have also decreased from $195,877 to $106,796 over the same period, indicating a managed financial position. The organization's revenue has shown a slight upward trend, from $170,757 in 2014 to $229,139 in 2023, demonstrating a sustained ability to generate income to cover its operational costs. The consistent filing of 990s over 13 periods indicates good transparency practices.