Bath Housing Development Corporation
Bath Housing Development Corporation: Stable Growth, Strong Program Focus
EIN: 222618694 · Bath, ME · NTEE: L20Z · Updated: 2026-04-04
Is Bath 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 →
Bath Housing Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bath Housing Development Corporation
Bath Housing Development Corporation (EIN: 222618694) is a nonprofit organization based in Bath, ME, classified under NTEE code L20Z. The organization reported total revenue of $3.8M and total assets of $21.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bath Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bath Housing Development Corporation with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Bath Housing Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is covered by a related entity, which warrants further investigation.
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 Bath Housing Development Corporation's IRS 990 filings:
- Lack of detailed program descriptions in available data makes it difficult to fully assess impact beyond financial metrics.
Strengths
The following positive indicators were identified for Bath Housing Development Corporation:
- Consistent revenue growth over the past several years, from $975,060 in 2016 to $3,223,929 in 2023.
- Strong asset growth, increasing from $5,108,818 in 2016 to $13,138,904 in 2023, indicating financial stability.
- Very low administrative and fundraising expenses, with a high percentage of spending directed towards programs.
- Healthy financial position with assets significantly exceeding liabilities.
Frequently Asked Questions about Bath Housing Development Corporation
Is Bath Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bath Housing Development Corporation (EIN: 222618694) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Bath Housing Development Corporation spend its money?
Bath Housing Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bath Housing Development Corporation tax-deductible?
Bath Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 222618694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Bath Housing Development Corporation do?
Bath Housing Development Corporation is a nonprofit organization in the Housing & Shelter sector, located in Bath, Maine. It is classified under NTEE code L20Z.
How much revenue does Bath Housing Development Corporation have?
Bath Housing Development Corporation reported total revenue of $3,759,176. Based on 13 IRS 990 filings on record.
What are Bath Housing Development Corporation's total assets?
Bath Housing Development Corporation holds total assets of $21,133,939 as reported in IRS 990 filings.
Where is Bath Housing Development Corporation located?
Bath Housing Development Corporation is based in Bath, Maine.
What is Bath Housing Development Corporation's EIN?
Bath Housing Development Corporation's Employer Identification Number (EIN) is 222618694. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bath Housing Development Corporation?
Bath Housing Development Corporation is classified under NTEE code L20Z (Housing & Shelter).
Is Bath Housing Development Corporation a registered 501(c)(3)?
Yes, Bath Housing Development Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222618694.
Does Bath Housing Development Corporation file IRS Form 990?
Yes, Bath Housing Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bath Housing Development Corporation's revenue in 2023?
In the 202312 filing period, Bath Housing Development Corporation reported total revenue of $3,223,929, total expenses of $2,898,288, and net assets of $13,138,904.
Is Bath Housing Development Corporation's revenue growing or declining?
Bath Housing Development Corporation's revenue is growing. Revenue went from $2,857,692 (202212) to $3,223,929 (202312), a +12.8% change. Based on 13 filings on record.
What is Bath Housing Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Bath Housing Development Corporation covers tax period 202312. It shows revenue of $3,223,929, expenses of $2,898,288, total assets of $13,138,904, and liabilities of $4,426,354.
How much does Bath Housing Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, Bath Housing Development Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Bath Housing Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Bath Housing Development Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Bath Housing Development Corporation?
The following concerns were identified: Lack of detailed program descriptions in available data makes it difficult to fully assess impact beyond financial metrics.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bath Housing Development Corporation's strengths?
Positive indicators for Bath Housing Development Corporation include: Consistent revenue growth over the past several years, from $975,060 in 2016 to $3,223,929 in 2023.. Strong asset growth, increasing from $5,108,818 in 2016 to $13,138,904 in 2023, indicating financial stability.. Very low administrative and fundraising expenses, with a high percentage of spending directed towards programs.. Healthy financial position with assets significantly exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Bath Housing Development Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is covered by a related entity, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Bath Housing Development Corporation?
• Financial data consistently reported across multiple years, indicating a commitment to transparency. • No compensation reported for key employees, suggesting a volunteer-led or very lean executive structure. • Assets and liabilities are clearly delineated, providing a straightforward financial picture. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the reported $0 executive compensation, how does the organization manage its leadership and operational oversight, and are there any related entities that cover these costs?
The consistent reporting of $0 executive compensation suggests either a fully volunteer-run leadership or that executive services are provided by a related organization, which would not be directly reflected in these filings. Understanding the operational model behind this is crucial for a complete picture of administrative efficiency.
Filing History
IRS 990 filing history for Bath Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bath Housing Development Corporation's revenue has grown by 1325.7%, moving from $226K to $3.2M. Total assets increased by 902.8% over the same period, from $1.3M to $13.1M. Total functional expenses rose by 1042.6%, from $254K to $2.9M. In its most recent filing year (2023), Bath Housing Development Corporation reported a surplus of $326K, with revenue exceeding expenses. The organization holds $4.4M in liabilities against $13.1M in assets (debt-to-asset ratio: 33.7%), resulting in net assets of $8.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.9M | $13.1M | $4.4M | — | — |
| 2022 | $2.9M | $2.8M | $12.4M | $4.1M | — | — |
| 2021 | $6.3M | $1.9M | $12.7M | $4.4M | — | View 990 |
| 2020 | $2.1M | $1.3M | $7.9M | $4.0M | — | View 990 |
| 2019 | $1.6M | $1.3M | $7.3M | $4.1M | — | View 990 |
| 2018 | $1.3M | $1.4M | $6.0M | $3.2M | — | View 990 |
| 2017 | $1.6M | $1.0M | $5.9M | $3.0M | — | View 990 |
| 2016 | $975K | $868K | $5.1M | $2.8M | — | View 990 |
| 2015 | $1.1M | $947K | $4.8M | $2.6M | — | View 990 |
| 2014 | $870K | $742K | $4.8M | $2.7M | — | View 990 |
| 2013 | $1.1M | $689K | $4.7M | $2.7M | — | View 990 |
| 2012 | $1.1M | $425K | $4.5M | $2.9M | — | View 990 |
| 2011 | $226K | $254K | $1.3M | $328K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.9M, and assets of $13.1M (revenue +12.8% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.8M, and assets of $12.4M (revenue -54.6% year-over-year).
- 2021: Revenue of $6.3M, expenses of $1.9M, and assets of $12.7M (revenue +204.9% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.3M, and assets of $7.9M (revenue +25.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.3M, and assets of $7.3M (revenue +29.6% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.4M, and assets of $6.0M (revenue -20.0% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.0M, and assets of $5.9M (revenue +62.1% year-over-year).
- 2016: Revenue of $975K, expenses of $868K, and assets of $5.1M (revenue -7.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $947K, and assets of $4.8M (revenue +21.5% year-over-year).
- 2014: Revenue of $870K, expenses of $742K, and assets of $4.8M (revenue -19.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $689K, and assets of $4.7M (revenue +1.8% year-over-year).
- 2012: Revenue of $1.1M, expenses of $425K, and assets of $4.5M (revenue +368.3% year-over-year).
- 2011: Revenue of $226K, expenses of $254K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Bath 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.