Is South Portland Housing Development Corporation Legit?
Quick charity verification for South Portland Housing Development Corporation (EIN: 222648277)
Verdict: South Portland Housing Development Corporation appears trustworthy
85/100Mission Score
$4.6MRevenue
$10.8MAssets
0Red Flags
3Strengths
No red flags identified.
Strengths
Consistent revenue growth observed from $608,642 in 2016 to $4,071,254 in 2023, indicating strong financial health and increasing operational capacity.
Assets have shown significant growth, from $5,476,840 in 2016 to $10,409,961 in 2023, suggesting effective asset management and expansion.
The organization maintains a healthy asset-to-liability ratio, with assets consistently exceeding liabilities, indicating financial stability.
AI Transparency Report
South Portland Housing Development Corporation is a housing & shelter nonprofit based in S Portland, Maine, with reported revenue of $4.6M and assets of $10.8M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the available data. Revenue has grown +648% across 13 filing periods.