Quick charity verification for Penobscot Area Housing Development Corp (EIN: 10357167)
Verdict: Penobscot Area Housing Development Corp appears trustworthy
75/100Mission Score
$589KRevenue
$99KAssets
2Red Flags
3Strengths
Red Flags
Significant decline in total assets from $487,534 in 2013 to $98,795 in 2021, indicating a shrinking financial base.
Consistent 0% officer compensation for an organization with over $500,000 in annual revenue, which could raise questions about leadership sustainability and professional management capacity.
Strengths
Consistent operational activity with revenues generally covering expenses, as seen in 2021 ($560,828 revenue vs. $561,891 expenses).
Strong transparency with 8 years of IRS 990 filings available for public review.
Implied high program spending due to 0% officer compensation, suggesting a significant portion of funds directly supports the mission.
Spending Breakdown
How Penobscot Area Housing Development Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Penobscot Area Housing Development Corp
Is Penobscot Area Housing Development Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Penobscot Area Housing Development Corp (EIN: 10357167) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Penobscot Area Housing Development Corp a good charity to donate to?
Penobscot Area Housing Development Corp has a Mission Score of 75/100. Revenue: $589K. Assets: $99K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Penobscot Area Housing Development Corp?
The Employer Identification Number (EIN) for Penobscot Area Housing Development Corp is 10357167. 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 Penobscot Area Housing Development Corp spend its money?
Penobscot Area Housing Development Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Penobscot Area Housing Development Corp's tax-exempt status?
You can verify Penobscot Area Housing Development Corp's tax-exempt status using EIN 10357167 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
Penobscot Area Housing Development Corp demonstrates consistent operational activity with revenues and expenses generally in balance over the past decade. For instance, in 2021, revenues of $560,828 closely matched expenses of $561,891. However, the organization has experienced a significant decline in assets, from a high of $487,534 in 2013 to $98,795 in 2021, while liabilities have remained relatively stable, leading to a shrinking net asset position. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-led or very lean executive structure, which can be a positive indicator of resource allocation directly to mission, though it also raises questions about the sustainability of leadership without compensation. The organization's transparency is good, with 8 filings available, providing a comprehensive financial history.