Auburn Residential Development Corporation
Auburn Residential Development Corporation consistently maintains strong financial health with growing assets and zero reported officer compensation.
EIN: 10439009 · Auburn, ME · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $351K |
| Total Expenses | $124K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $7.3M |
| Transparency Score | 95/100 |
Is Auburn Residential 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 Residential Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Auburn Residential Development Corporation
Auburn Residential Development Corporation (EIN: 10439009) is a nonprofit organization based in Auburn, ME, classified under NTEE code L20Z. The organization reported total revenue of $351K and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Auburn Residential Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Auburn Residential Development Corporation is a small nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -14.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $124K |
| Surplus / Deficit | +$93K |
| Total Assets | $7.3M |
| Total Liabilities | $19K |
| Net Assets | $7.3M |
| Operating Margin | 43.0% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 707.1 months |
Financial Health Grade: A
In 2024, Auburn Residential Development Corporation reported a surplus of $93K with revenue exceeding expenses, holds 707.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Auburn Residential Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -14.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.4% | +42.4% | +1.4% |
| 2023 | +2.3% | -18.4% | +1.6% |
| 2022 | -55.9% | -8.0% | +1.3% |
| 2021 | -31.7% | +16.9% | +4.9% |
| 2020 | +216.4% | +23.6% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Residential Development Corporation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Auburn Residential Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with assets exceeding $7 million and consistent operations.
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 Residential Development Corporation's IRS 990 filings:
- Significant revenue volatility year-over-year, which could indicate reliance on unpredictable funding sources.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, making it difficult to precisely assess spending efficiency beyond overall surplus.
Strengths
The following positive indicators were identified for Auburn Residential Development Corporation:
- Consistent financial surpluses, indicating strong fiscal management.
- Remarkably low liabilities, consistently less than 1% of total assets, demonstrating excellent financial stability.
- Consistent growth in assets, from $5.3 million in 2015 to $7.2 million in 2024, reflecting effective asset accumulation.
- Zero reported officer compensation across all filings, suggesting a highly mission-driven approach with resources directed away from executive salaries.
- Consistent filing of IRS 990 forms over 14 periods, indicating good transparency practices.
Frequently Asked Questions about Auburn Residential Development Corporation
Is Auburn Residential Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Auburn Residential Development Corporation (EIN: 10439009) some concerns. Mission Score: 95/100. 2 red flags identified, 5 strengths noted.
How does Auburn Residential Development Corporation spend its money?
Auburn Residential Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Auburn Residential Development Corporation tax-deductible?
Auburn Residential Development Corporation is registered as a tax-exempt nonprofit (EIN: 10439009). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Auburn Residential Development Corporation CEO make?
Auburn Residential Development Corporation's highest-compensated officer earns $7 annually. The organization reported $351K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Auburn Residential Development Corporation compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Auburn Residential Development Corporation is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Auburn Residential Development Corporation located?
Auburn Residential Development Corporation is headquartered in Auburn, Maine and files with the IRS under EIN 10439009. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Auburn Residential Development Corporation have?
Auburn Residential 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 $351K in total revenue.
How does Auburn Residential Development Corporation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, or that the organization has a unique operational structure.
What are the primary sources of revenue for the organization, given the significant fluctuations?
The revenue fluctuates significantly, from $1,215,413 in 2017 to $217,038 in 2024. This suggests a reliance on grants, project-specific funding, or property sales/rentals that vary year-to-year, rather than consistent, recurring donations.
What specific programs does Auburn Residential Development Corporation operate?
Based on the NTEE code L20Z (Housing Development, Construction & Management), the organization likely focuses on developing, constructing, or managing residential properties, but specific program details are not available in the provided financial summary.
Filing History
IRS 990 filing history for Auburn Residential Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Auburn Residential Development Corporation's revenue has declined by 86.6%, moving from $1.6M to $217K. Total assets increased by 92.3% over the same period, from $3.8M to $7.3M. Total functional expenses fell by 48.9%, from $242K to $124K. In its most recent filing year (2024), Auburn Residential Development Corporation reported a surplus of $93K, with revenue exceeding expenses. The organization holds $19K in liabilities against $7.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $217K | $124K | $7.3M | $19K | — | — |
| 2023 | $227K | $87K | $7.2M | $16K | — | — |
| 2022 | $222K | $106K | $7.1M | $30K | — | View 990 |
| 2021 | $503K | $116K | $7.0M | $19K | — | View 990 |
| 2020 | $737K | $99K | $6.7M | $59K | — | View 990 |
| 2019 | $233K | $80K | $6.0M | $37K | — | View 990 |
| 2018 | $213K | $208K | $5.8M | $61K | — | View 990 |
| 2017 | $1.2M | $796K | $5.8M | $83K | — | View 990 |
| 2016 | $218K | $87K | $5.4M | $100K | — | View 990 |
| 2015 | $871K | $79K | $5.3M | $122K | — | View 990 |
| 2014 | $217K | $74K | $4.6M | $142K | — | View 990 |
| 2013 | $698K | $86K | $4.5M | $160K | — | View 990 |
| 2012 | $193K | $114K | $3.9M | $179K | — | View 990 |
| 2011 | $1.6M | $242K | $3.8M | $194K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $217K, expenses of $124K, and assets of $7.3M (revenue -4.4% year-over-year).
- 2023: Revenue of $227K, expenses of $87K, and assets of $7.2M (revenue +2.3% year-over-year).
- 2022: Revenue of $222K, expenses of $106K, and assets of $7.1M (revenue -55.9% year-over-year).
- 2021: Revenue of $503K, expenses of $116K, and assets of $7.0M (revenue -31.7% year-over-year).
- 2020: Revenue of $737K, expenses of $99K, and assets of $6.7M (revenue +216.4% year-over-year).
- 2019: Revenue of $233K, expenses of $80K, and assets of $6.0M (revenue +9.1% year-over-year).
- 2018: Revenue of $213K, expenses of $208K, and assets of $5.8M (revenue -82.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $796K, and assets of $5.8M (revenue +457.4% year-over-year).
- 2016: Revenue of $218K, expenses of $87K, and assets of $5.4M (revenue -75.0% year-over-year).
- 2015: Revenue of $871K, expenses of $79K, and assets of $5.3M (revenue +301.5% year-over-year).
- 2014: Revenue of $217K, expenses of $74K, and assets of $4.6M (revenue -68.9% year-over-year).
- 2013: Revenue of $698K, expenses of $86K, and assets of $4.5M (revenue +261.1% year-over-year).
- 2012: Revenue of $193K, expenses of $114K, and assets of $3.9M (revenue -88.1% year-over-year).
- 2011: Revenue of $1.6M, expenses of $242K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Auburn Residential Development Corporation:
Data Sources and Methodology
This transparency report for Auburn Residential 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.