Caribou Congregate Housing Development Corporation Inc

About Caribou Congregate Housing Development Corporation Inc

Caribou Congregate Housing Development Corporation Inc (EIN: 222557798) is a nonprofit organization based in Presque Isle, ME, classified under NTEE code L22Z. The organization reported total revenue of $245K and total assets of $338K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caribou Congregate Housing Development Corporation Inc'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 Caribou Congregate Housing Development Corporation Inc 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Caribou Congregate Housing Development Corporation Inc 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 not reported in the provided filings, with 'c0%' consistently listed, suggesting no direct compensation for key personnel from the organization's funds.

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 Caribou Congregate Housing Development Corporation Inc's IRS 990 filings:

• Consistent decline in total assets from $500,551 in 2016 to $338,498 in 2023, which could impact long-term sustainability.
• Lack of reported compensation for key personnel ('c0%') might indicate reliance on volunteers or external funding for salaries, or a reporting anomaly.

Strengths

The following positive indicators were identified for Caribou Congregate Housing Development Corporation Inc:

• Stable revenue stream over the past several years, demonstrating consistent operational income.
• Low administrative and fundraising costs, suggesting a high percentage of funds are directed towards programs.
• Consistent operational history dating back to at least 2016.

Frequently Asked Questions about Caribou Congregate Housing Development Corporation Inc

Filing History

IRS 990 filing history for Caribou Congregate Housing Development Corporation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Caribou Congregate Housing Development Corporation Inc's revenue has grown by 15.2%, moving from $193K to $222K. Total assets decreased by 50.4% over the same period, from $679K to $337K. Total functional expenses rose by 14.2%, from $204K to $233K. In its most recent filing year (2023), Caribou Congregate Housing Development Corporation Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $836K in liabilities against $337K in assets (debt-to-asset ratio: 248.4%), resulting in net assets of $-499,539.

Year-by-Year Financial Summary

• 2023: Revenue of $222K, expenses of $233K, and assets of $337K (revenue +1.7% year-over-year).
• 2022: Revenue of $218K, expenses of $243K, and assets of $355K (revenue +5.6% year-over-year).
• 2021: Revenue of $207K, expenses of $225K, and assets of $362K (revenue +17.7% year-over-year).
• 2020: Revenue of $176K, expenses of $213K, and assets of $397K (revenue -19.9% year-over-year).
• 2019: Revenue of $219K, expenses of $230K, and assets of $457K (revenue -1.3% year-over-year).
• 2018: Revenue of $222K, expenses of $211K, and assets of $476K (revenue +3.7% year-over-year).
• 2017: Revenue of $214K, expenses of $225K, and assets of $479K (revenue +7.9% year-over-year).
• 2016: Revenue of $199K, expenses of $218K, and assets of $501K (revenue -2.3% year-over-year).
• 2015: Revenue of $203K, expenses of $218K, and assets of $530K (revenue +13.9% year-over-year).
• 2014: Revenue of $179K, expenses of $213K, and assets of $556K (revenue +29.9% year-over-year).
• 2013: Revenue of $138K, expenses of $188K, and assets of $600K (revenue -31.5% year-over-year).
• 2012: Revenue of $201K, expenses of $211K, and assets of $667K (revenue +4.0% year-over-year).
• 2011: Revenue of $193K, expenses of $204K, and assets of $679K.

Data Sources and Methodology

This transparency report for Caribou Congregate Housing Development Corporation Inc 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.