Is Patten Housing Corp Legit?

Patten Housing Corp appears to be a stable, albeit small, nonprofit focused on its mission. Over the past several years, its revenues and expenses have remained relatively consistent, hovering around $250,000-$300,000 annually. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a volunteer-driven leadership model, enhancing its transparency and public trust. While the organization has experienced a slight decline in assets over the past few years, from $698,573 in 2017 to $531,360 in 2023, its liabilities have also decreased significantly, from $177,768 to $59,138 in the same period, suggesting responsible financial management. The consistent reporting of no officer compensation across all available filings is a significant positive for transparency and efficiency.