Brownville Housing Corporation
Brownville Housing Corporation consistently maintains financial stability with no executive compensation.
EIN: 10367581 · Brownville, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $184K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $500,000 |
| Net Assets | $361K |
| Transparency Score | 92/100 |
Is Brownville Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brownville Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brownville Housing Corporation
Brownville Housing Corporation (EIN: 10367581) is a nonprofit organization based in Brownville, ME, classified under NTEE code L22Z. The organization reported total revenue of $211K and total assets of $562K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brownville Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brownville Housing Corporation is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $184K |
| Surplus / Deficit | +$13K |
| Total Assets | $565K |
| Total Liabilities | $203K |
| Net Assets | $361K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 36.0% |
| Months of Reserves | 36.9 months |
Financial Health Grade: A
In 2023, Brownville Housing Corporation reported a surplus of $13K with revenue exceeding expenses, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 36.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brownville Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.1% | +10.4% | -0.9% |
| 2022 | +0.8% | -8.2% | +3.9% |
| 2021 | +3.9% | +16.3% | -3.6% |
| 2020 | +1.0% | -1.4% | +0.6% |
| 2019 | +0.7% | +0.1% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Brownville Housing Corporation with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Brownville Housing Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers. This is highly unusual for an organization of its size with assets over $500,000 and suggests a volunteer-led or very lean operational structure, directing more funds to its 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 Brownville Housing Corporation's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data (though overall efficiency is high)
Strengths
The following positive indicators were identified for Brownville Housing Corporation:
- Consistent financial stability with revenue exceeding expenses annually.
- Significant reduction in liabilities over the past decade, from $389,336 in 201412 to $203,315 in 202312.
- 0% officer compensation reported across all filings, indicating high dedication to mission.
- Healthy asset base, consistently above $500,000, providing long-term stability.
- Steady revenue growth over the past decade, from $173,592 in 201412 to $196,876 in 202312.
Frequently Asked Questions about Brownville Housing Corporation
Is Brownville Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Brownville Housing Corporation (EIN: 10367581) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Brownville Housing Corporation spend its money?
Brownville Housing Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brownville Housing Corporation tax-deductible?
Brownville Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10367581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brownville Housing Corporation CEO make?
Brownville Housing Corporation's highest-compensated officer earns $500,000 annually. The organization reported $211K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brownville Housing Corporation's spending goes to programs?
Brownville Housing Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brownville Housing Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Brownville Housing Corporation is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brownville Housing Corporation located?
Brownville Housing Corporation is headquartered in Brownville, Maine and files with the IRS under EIN 10367581. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Brownville Housing Corporation have?
Brownville Housing 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 $211K in total revenue.
Is Brownville Housing Corporation a good charity?
Based on the provided financial data, Brownville Housing Corporation appears to be a very good charity. It demonstrates consistent financial health, a strong asset base, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, ensuring funds are directed to programs.
How has Brownville Housing Corporation's financial health changed over time?
Brownville Housing Corporation has maintained consistent financial health over the past decade. Revenues have steadily increased from $173,592 in 201412 to $196,876 in 202312, while expenses have remained well below revenue, leading to consistent surpluses. Liabilities have also significantly decreased from $389,336 in 201412 to $203,315 in 202312, strengthening its balance sheet.
What is the organization's approach to executive compensation?
The organization's approach to executive compensation is to pay none. All available IRS 990 filings from 201412 to 202312 report 0% officer compensation, indicating a strong dedication to directing financial resources entirely towards its housing programs and operational needs.
Filing History
IRS 990 filing history for Brownville Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brownville Housing Corporation's revenue has grown by 17.4%, moving from $168K to $197K. Total assets increased by 8.1% over the same period, from $522K to $565K. Total functional expenses rose by 21.1%, from $152K to $184K. In its most recent filing year (2023), Brownville Housing Corporation reported a surplus of $13K, with revenue exceeding expenses. The organization holds $203K in liabilities against $565K in assets (debt-to-asset ratio: 36.0%), resulting in net assets of $361K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $184K | $565K | $203K | — | View 990 |
| 2022 | $193K | $167K | $570K | $221K | — | View 990 |
| 2021 | $191K | $181K | $549K | $226K | — | — |
| 2020 | $184K | $156K | $569K | $257K | — | View 990 |
| 2019 | $182K | $158K | $566K | $281K | — | View 990 |
| 2018 | $181K | $158K | $565K | $305K | — | View 990 |
| 2017 | $179K | $152K | $566K | $328K | — | View 990 |
| 2016 | $176K | $153K | $560K | $349K | — | View 990 |
| 2015 | $174K | $152K | $557K | $369K | — | View 990 |
| 2014 | $174K | $150K | $555K | $389K | — | View 990 |
| 2013 | $173K | $150K | $548K | $406K | — | View 990 |
| 2012 | $174K | $139K | $541K | $422K | — | View 990 |
| 2011 | $168K | $152K | $522K | $438K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $184K, and assets of $565K (revenue +2.1% year-over-year).
- 2022: Revenue of $193K, expenses of $167K, and assets of $570K (revenue +0.8% year-over-year).
- 2021: Revenue of $191K, expenses of $181K, and assets of $549K (revenue +3.9% year-over-year).
- 2020: Revenue of $184K, expenses of $156K, and assets of $569K (revenue +1.0% year-over-year).
- 2019: Revenue of $182K, expenses of $158K, and assets of $566K (revenue +0.7% year-over-year).
- 2018: Revenue of $181K, expenses of $158K, and assets of $565K (revenue +1.1% year-over-year).
- 2017: Revenue of $179K, expenses of $152K, and assets of $566K (revenue +1.8% year-over-year).
- 2016: Revenue of $176K, expenses of $153K, and assets of $560K (revenue +0.9% year-over-year).
- 2015: Revenue of $174K, expenses of $152K, and assets of $557K (revenue +0.4% year-over-year).
- 2014: Revenue of $174K, expenses of $150K, and assets of $555K (revenue +0.2% year-over-year).
- 2013: Revenue of $173K, expenses of $150K, and assets of $548K (revenue -0.2% year-over-year).
- 2012: Revenue of $174K, expenses of $139K, and assets of $541K (revenue +3.5% year-over-year).
- 2011: Revenue of $168K, expenses of $152K, and assets of $522K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brownville Housing Corporation:
Data Sources and Methodology
This transparency report for Brownville Housing 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.