Bath Housing Development Corporation
Bath Housing Development Corporation: Stable Growth, Strong Program Focus
EIN: 222618694 · Bath, ME · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $2.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $8.7M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Bath Housing Development Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bath Housing Development Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bath Housing Development Corporation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.2M and expenses of $2.9M.
Revenue and Expenses
Bath Housing Development Corporation reported $3.2M in revenue and $2.9M in expenses, a surplus of $326K.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $2.5M (85%) |
Across stored filings, Bath Housing Development Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
All Category L
Local and Sector Spokes
Move into this nonprofit's local market, category, and sector maps.
Bath, ME nonprofitsCategory L in Maine
Human Services in Maine
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
State spending analysisState compensation analysis
Category L spending
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Donation Decision Flow
From Trust Check to Better Alternatives
Verify
Some Concerns. Check deductibility, filings, and red flags.
2Understand money
85% of spending goes to programs.
3Compare
Benchmark against Maine Composite Materials Applied Technology Development Center.
4Decide
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Keep the Investigation Moving
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.
Organization Overview
Bath Housing Development Corporation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.9M |
| Surplus / Deficit | +$326K |
| Total Assets | $13.1M |
| Total Liabilities | $4.4M |
| Net Assets | $8.7M |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 33.7% |
| Months of Reserves | 54.4 months |
Financial Health Grade: A
In 2023, Bath Housing Development Corporation reported a surplus of $326K with revenue exceeding expenses, holds 54.4 months of operating reserves (strong position), has a debt-to-asset ratio of 33.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bath Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 24.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | +4.8% | +5.8% |
| 2022 | -54.6% | +44.6% | -2.2% |
| 2021 | +204.9% | +45.0% | +61.1% |
| 2020 | +25.9% | -2.1% | +8.4% |
| 2019 | +29.6% | -0.6% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $326K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.7%.
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?
Bath Housing Development Corporation (EIN: 222618694) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.8M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Bath Housing Development Corporation spend its money?
Bath Housing Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
How much does the Bath Housing Development Corporation CEO make?
Bath Housing Development Corporation's highest-compensated officer earns $0 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bath Housing Development Corporation's spending goes to programs?
Bath Housing Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bath Housing Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bath Housing 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 Bath Housing Development Corporation located?
Bath Housing Development Corporation is headquartered in Bath, Maine and files with the IRS under EIN 222618694. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Bath Housing Development Corporation have?
Bath Housing Development Corporation has 13 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 $3.8M in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bath Housing Development Corporation:
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.