Auburn Housing Development Corporation
Auburn Housing Development Corporation shows volatile revenue and expenses with no officer compensation.
EIN: 202188815 · Auburn, ME · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $238K |
| Total Expenses | $127K |
| Program Spending | 80% |
| Net Assets | $297K |
| Transparency Score | 75/100 |
Is Auburn Housing Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Auburn Housing Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Auburn Housing Development Corporation
Auburn Housing Development Corporation (EIN: 202188815) is a nonprofit organization based in Auburn, ME, classified under NTEE code L20. The organization reported total revenue of $238K and total assets of $900K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Auburn Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Auburn Housing Development Corporation is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $127K |
| Surplus / Deficit | $-47,410 |
| Total Assets | $866K |
| Total Liabilities | $569K |
| Net Assets | $297K |
| Operating Margin | -59.7% |
| Debt-to-Asset Ratio | 65.7% |
| Months of Reserves | 81.9 months |
Financial Health Grade: C
In 2024, Auburn Housing Development Corporation reported a deficit of $47K with expenses exceeding revenue, holds 81.9 months of operating reserves (strong position), has a debt-to-asset ratio of 65.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Auburn Housing Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -30.7% | +18.9% | -6.8% |
| 2023 | +41.4% | -24.7% | +1.1% |
| 2022 | -4.9% | -54.6% | -11.6% |
| 2021 | -88.0% | -43.5% | -15.5% |
| 2020 | +2770.2% | +231.4% | +64.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Auburn Housing Development Corporation with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Auburn Housing Development Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for resource allocation relative to the organization's size and mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Auburn Housing Development Corporation's IRS 990 filings:
- Highly volatile revenue streams, making financial planning challenging (e.g., $724,434 in 2017 vs. $24,753 in 2019).
- Significant liabilities relative to assets (e.g., $568,616 liabilities against $865,909 assets in 2024), indicating substantial debt.
- Expenses frequently exceeding revenue in recent years (e.g., 2024: $79,479 revenue vs. $126,889 expenses; 2022: $81,109 revenue vs. $141,795 expenses).
Strengths
The following positive indicators were identified for Auburn Housing Development Corporation:
- Consistent 0% officer compensation, indicating strong commitment to directing funds to mission.
- Regular filing of IRS 990 forms, demonstrating transparency and compliance.
- Maintained substantial assets over time, providing a base for operations (e.g., $899,928 latest assets).
Frequently Asked Questions about Auburn Housing Development Corporation
Is Auburn Housing Development Corporation a legitimate charity?
Auburn Housing Development Corporation (EIN: 202188815) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $238K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Auburn Housing Development Corporation spend its money?
Auburn Housing Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Auburn Housing Development Corporation tax-deductible?
Auburn Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 202188815). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Auburn Housing Development Corporation's spending goes to programs?
Auburn Housing Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Auburn Housing Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Auburn Housing Development Corporation is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Auburn Housing Development Corporation located?
Auburn Housing Development Corporation is headquartered in Auburn, Maine and files with the IRS under EIN 202188815. It is classified under NTEE code L20.
How many years of IRS 990 filings does Auburn Housing Development Corporation have?
Auburn Housing Development Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $238K in total revenue.
Is Auburn Housing Development Corporation a good charity?
The organization demonstrates a strong commitment to its mission by reporting 0% officer compensation. However, the significant fluctuations in revenue and expenses, alongside substantial liabilities, suggest a need for closer examination of financial stability and operational efficiency.
How does Auburn Housing Development Corporation manage its finances given the revenue volatility?
The organization experiences considerable swings in revenue, such as $724,434 in 2017 down to $24,753 in 2019, and then up to $710,470 in 2020. This indicates a reliance on potentially inconsistent funding sources, which could impact long-term planning and program delivery.
What is the trend in the organization's assets and liabilities?
Assets have generally been strong, ranging from $750,289 to $1,388,120 over the past decade. However, liabilities have also been significant, reaching $632,848 in 2021 and $568,616 in 2024, indicating a notable portion of assets are debt-financed.
What is the organization's spending efficiency?
Without a detailed functional expense breakdown, it's challenging to precisely determine spending efficiency. However, the consistent 0% officer compensation suggests a lean approach to executive overhead, which is a positive indicator for efficiency in that specific area.
Filing History
IRS 990 filing history for Auburn Housing Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Auburn Housing Development Corporation's revenue has declined by 24.9%, moving from $106K to $79K. Total assets increased by 268.8% over the same period, from $235K to $866K. Total functional expenses rose by 27.3%, from $100K to $127K. In its most recent filing year (2024), Auburn Housing Development Corporation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $569K in liabilities against $866K in assets (debt-to-asset ratio: 65.7%), resulting in net assets of $297K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $79K | $127K | $866K | $569K | — | — |
| 2023 | $115K | $107K | $929K | $585K | — | View 990 |
| 2022 | $81K | $142K | $919K | $582K | — | View 990 |
| 2021 | $85K | $312K | $1.0M | $633K | — | View 990 |
| 2020 | $710K | $553K | $1.2M | $591K | — | View 990 |
| 2019 | $25K | $167K | $750K | $269K | — | View 990 |
| 2018 | $262K | $716K | $910K | $287K | — | View 990 |
| 2017 | $724K | $23K | $1.4M | $310K | — | View 990 |
| 2016 | $6K | $14K | $1.2M | $845K | — | View 990 |
| 2015 | $17K | $20K | $1.2M | $827K | — | View 990 |
| 2014 | $29K | $9K | $644K | $257K | — | View 990 |
| 2013 | $446K | $80K | $619K | $252K | — | View 990 |
| 2012 | $130K | $61K | $348K | $337K | — | View 990 |
| 2011 | $106K | $100K | $235K | $293K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $79K, expenses of $127K, and assets of $866K (revenue -30.7% year-over-year).
- 2023: Revenue of $115K, expenses of $107K, and assets of $929K (revenue +41.4% year-over-year).
- 2022: Revenue of $81K, expenses of $142K, and assets of $919K (revenue -4.9% year-over-year).
- 2021: Revenue of $85K, expenses of $312K, and assets of $1.0M (revenue -88.0% year-over-year).
- 2020: Revenue of $710K, expenses of $553K, and assets of $1.2M (revenue +2770.2% year-over-year).
- 2019: Revenue of $25K, expenses of $167K, and assets of $750K (revenue -90.6% year-over-year).
- 2018: Revenue of $262K, expenses of $716K, and assets of $910K (revenue -63.8% year-over-year).
- 2017: Revenue of $724K, expenses of $23K, and assets of $1.4M (revenue +12852.5% year-over-year).
- 2016: Revenue of $6K, expenses of $14K, and assets of $1.2M (revenue -67.5% year-over-year).
- 2015: Revenue of $17K, expenses of $20K, and assets of $1.2M (revenue -41.5% year-over-year).
- 2014: Revenue of $29K, expenses of $9K, and assets of $644K (revenue -93.4% year-over-year).
- 2013: Revenue of $446K, expenses of $80K, and assets of $619K (revenue +243.8% year-over-year).
- 2012: Revenue of $130K, expenses of $61K, and assets of $348K (revenue +22.4% year-over-year).
- 2011: Revenue of $106K, expenses of $100K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Auburn Housing Development Corporation:
Data Sources and Methodology
This transparency report for Auburn Housing Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.