Coastal Affordable Housing
Coastal Affordable Housing: Stable Operations Amidst Declining Assets
EIN: 223048723 · Hope, ME · NTEE: L20Z · Updated: 2026-04-04
About Coastal Affordable Housing
Coastal Affordable Housing (EIN: 223048723) is a nonprofit organization based in Hope, ME, classified under NTEE code L20Z. The organization reported total revenue of $869K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coastal Affordable Housing'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 Coastal Affordable Housing 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, Coastal Affordable Housing 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 cannot be fully assessed without specific salary disclosures, as the provided data does not itemize individual compensation figures.
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 Coastal Affordable Housing's IRS 990 filings:
- Total assets have shown a consistent decline from $2,413,076 in 2020 to $1,956,227 in 2023, indicating a potential long-term financial contraction.
- The organization consistently reports 0% cash on hand ('c0%'), which could indicate tight liquidity management or a reliance on other asset classes for operational needs.
Strengths
The following positive indicators were identified for Coastal Affordable Housing:
- Revenue has shown a positive trend in recent years, increasing from $381,322 in 2019 to $869,223 in 2023, suggesting growing support or successful fundraising efforts.
- Expenses have remained relatively stable in proportion to revenue, indicating consistent operational cost management.
Frequently Asked Questions about Coastal Affordable Housing
What does Coastal Affordable Housing do?
Coastal Affordable Housing is a nonprofit organization in the Housing & Shelter sector, located in Hope, Maine. It is classified under NTEE code L20Z.
How much revenue does Coastal Affordable Housing have?
Coastal Affordable Housing reported total revenue of $869,223. Based on 13 IRS 990 filings on record.
What are Coastal Affordable Housing's total assets?
Coastal Affordable Housing holds total assets of $1,956,227 as reported in IRS 990 filings.
Where is Coastal Affordable Housing located?
Coastal Affordable Housing is based in Hope, Maine.
What is Coastal Affordable Housing's EIN?
Coastal Affordable Housing's Employer Identification Number (EIN) is 223048723. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Coastal Affordable Housing?
Coastal Affordable Housing is classified under NTEE code L20Z (Housing & Shelter).
Is Coastal Affordable Housing a registered 501(c)(3)?
Yes, Coastal Affordable Housing is recognized as a tax-exempt organization by the IRS. EIN: 223048723.
Does Coastal Affordable Housing file IRS Form 990?
Yes, Coastal Affordable Housing has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Coastal Affordable Housing's revenue in 2023?
In the 202312 filing period, Coastal Affordable Housing reported total revenue of $753,414, total expenses of $849,670, and net assets of $2,040,853.
Is Coastal Affordable Housing's revenue growing or declining?
Coastal Affordable Housing's revenue is growing. Revenue went from $716,133 (202212) to $753,414 (202312), a +5.2% change. Based on 13 filings on record.
What is Coastal Affordable Housing's most recent 990 filing?
The most recent IRS Form 990 filing for Coastal Affordable Housing covers tax period 202312. It shows revenue of $753,414, expenses of $849,670, total assets of $2,040,853, and liabilities of $2,520,684.
How much does Coastal Affordable Housing spend on programs vs administration?
Based on IRS 990 analysis, Coastal Affordable Housing allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Coastal Affordable Housing a trustworthy charity?
Based on AI analysis of IRS 990 data, Coastal Affordable Housing appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Coastal Affordable Housing?
The following concerns were identified: Total assets have shown a consistent decline from $2,413,076 in 2020 to $1,956,227 in 2023, indicating a potential long-term financial contraction.. The organization consistently reports 0% cash on hand ('c0%'), which could indicate tight liquidity management or a reliance on other asset classes for operational needs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Coastal Affordable Housing's strengths?
Positive indicators for Coastal Affordable Housing include: Revenue has shown a positive trend in recent years, increasing from $381,322 in 2019 to $869,223 in 2023, suggesting growing support or successful fundraising efforts.. Expenses have remained relatively stable in proportion to revenue, indicating consistent operational cost management.. These findings are derived from AI analysis of the organization's financial filings.
How does Coastal Affordable Housing compensate executives?
Executive compensation cannot be fully assessed without specific salary disclosures, as the provided data does not itemize individual compensation figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in total assets and 0% reported cash on hand, how does Coastal Affordable Housing maintain operational stability and what are its primary sources of liquidity?
The consistent 0% cash on hand and declining assets suggest that Coastal Affordable Housing likely relies on immediate conversion of other assets or a continuous inflow of revenue to cover expenses, rather than maintaining significant cash reserves. Further investigation into their balance sheet composition and funding mechanisms would be necessary to understand their liquidity strategy.
Filing History
IRS 990 filing history for Coastal Affordable Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Coastal Affordable Housing's revenue has grown by 75.7%, moving from $429K to $753K. Total assets increased by 43.3% over the same period, from $1.4M to $2.0M. Total functional expenses rose by 87.4%, from $453K to $850K. In its most recent filing year (2023), Coastal Affordable Housing reported a deficit of $96K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $2.0M in assets (debt-to-asset ratio: 123.5%), resulting in net assets of $-479,831.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $753K | $850K | $2.0M | $2.5M | — | — |
| 2022 | $716K | $815K | $2.2M | $2.5M | — | View 990 |
| 2021 | $700K | $797K | $2.3M | $2.6M | — | View 990 |
| 2020 | $682K | $776K | $2.4M | $2.6M | — | View 990 |
| 2019 | $381K | $456K | $1.2M | $2.0M | — | View 990 |
| 2018 | $404K | $457K | $1.3M | $2.0M | — | View 990 |
| 2017 | $387K | $456K | $1.3M | $2.0M | — | View 990 |
| 2016 | $407K | $442K | $1.3M | $2.0M | — | View 990 |
| 2015 | $408K | $453K | $1.3M | $1.9M | — | View 990 |
| 2014 | $433K | $485K | $1.3M | $1.9M | — | View 990 |
| 2013 | $456K | $464K | $1.4M | $1.9M | — | View 990 |
| 2012 | $444K | $436K | $1.4M | $1.9M | — | View 990 |
| 2011 | $429K | $453K | $1.4M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $753K, expenses of $850K, and assets of $2.0M (revenue +5.2% year-over-year).
- 2022: Revenue of $716K, expenses of $815K, and assets of $2.2M (revenue +2.3% year-over-year).
- 2021: Revenue of $700K, expenses of $797K, and assets of $2.3M (revenue +2.6% year-over-year).
- 2020: Revenue of $682K, expenses of $776K, and assets of $2.4M (revenue +78.9% year-over-year).
- 2019: Revenue of $381K, expenses of $456K, and assets of $1.2M (revenue -5.5% year-over-year).
- 2018: Revenue of $404K, expenses of $457K, and assets of $1.3M (revenue +4.2% year-over-year).
- 2017: Revenue of $387K, expenses of $456K, and assets of $1.3M (revenue -4.8% year-over-year).
- 2016: Revenue of $407K, expenses of $442K, and assets of $1.3M (revenue -0.2% year-over-year).
- 2015: Revenue of $408K, expenses of $453K, and assets of $1.3M (revenue -5.8% year-over-year).
- 2014: Revenue of $433K, expenses of $485K, and assets of $1.3M (revenue -5.1% year-over-year).
- 2013: Revenue of $456K, expenses of $464K, and assets of $1.4M (revenue +2.7% year-over-year).
- 2012: Revenue of $444K, expenses of $436K, and assets of $1.4M (revenue +3.5% year-over-year).
- 2011: Revenue of $429K, expenses of $453K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for Coastal Affordable Housing 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.