Commonsense Housing Inc
Commonsense Housing Inc. maintains stable operations with declining assets and no reported officer compensation.
EIN: 10366544 · Eddington, ME · NTEE: P730 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $3.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Commonsense Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Commonsense Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Commonsense Housing Inc
Commonsense Housing Inc (EIN: 10366544) is a nonprofit organization based in Eddington, ME, classified under NTEE code P730. The organization reported total revenue of $3.4M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Commonsense Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Commonsense Housing Inc is a mid-size nonprofit that has been operating for 45 years, with 11 years of IRS 990 filings on record (2012–2022). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$40K |
| Total Assets | $1.7M |
| Total Liabilities | $327K |
| Net Assets | $1.4M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 19.4% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2022, Commonsense Housing Inc reported a surplus of $40K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 19.4% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2022), Commonsense Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +11.4% | +3.0% | +6.4% |
| 2021 | -12.9% | -7.0% | -17.3% |
| 2020 | +21.6% | +24.0% | +3.1% |
| 2019 | +2.2% | -0.7% | +7.1% |
| 2018 | +3.7% | +2.0% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Commonsense Housing Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Commonsense Housing Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $40K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.4%.
Executive Compensation Analysis
Commonsense Housing Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of its size with annual revenues exceeding $3 million. This suggests a strong dedication to program spending and operational efficiency, as funds are not diverted to executive salaries.
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 Commonsense Housing Inc's IRS 990 filings:
- Significant decline in assets over the past several years, from $2,350,250 in 2015 to $1,048,548 currently.
- Consistent reporting of 0% officer compensation for an organization with over $3 million in annual revenue, which is highly unusual and may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Commonsense Housing Inc:
- Consistent revenue generation, generally matching expenses, indicating stable operations.
- No reported officer compensation, suggesting a strong commitment to directing funds towards programmatic activities.
- Low liabilities relative to assets, indicating a healthy balance sheet in terms of debt management (e.g., 2022 liabilities of $327,032 against assets of $1,685,694).
Frequently Asked Questions about Commonsense Housing Inc
Is Commonsense Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Commonsense Housing Inc (EIN: 10366544) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Commonsense Housing Inc spend its money?
Commonsense Housing Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Commonsense Housing Inc tax-deductible?
Commonsense Housing Inc is registered as a tax-exempt nonprofit (EIN: 10366544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Commonsense Housing Inc CEO make?
Commonsense Housing Inc's highest-compensated officer earns $3 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Commonsense Housing Inc's spending goes to programs?
Commonsense Housing Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Commonsense Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Commonsense Housing Inc is above average for NTEE category P730 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Commonsense Housing Inc located?
Commonsense Housing Inc is headquartered in Eddington, Maine and files with the IRS under EIN 10366544. It is classified under NTEE code P730.
How many years of IRS 990 filings does Commonsense Housing Inc have?
Commonsense Housing Inc has 11 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 $3.4M in total revenue.
Is Commonsense Housing Inc. financially stable given its declining assets?
While the organization has maintained consistent revenue and expense levels, its assets have decreased significantly from $2,350,250 in 2015 to $1,048,548 currently. This trend could indicate a reliance on current revenues to cover expenses without significant reserves, potentially impacting long-term financial stability.
How does Commonsense Housing Inc. manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation is structured in a way that is not reported as 'officer compensation' on the 990 form. This is a highly unusual practice for an organization of this scale and warrants further inquiry into its operational model.
What caused the significant decrease in assets?
The filings show a decrease in assets from a peak of $2,350,250 in 2015 to $1,048,548 in the latest period. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it could be due to asset depreciation, sale of assets, or increased liabilities that are not fully offset by new asset acquisition.
Filing History
IRS 990 filing history for Commonsense Housing Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2022), Commonsense Housing Inc's revenue has grown by 0.2%, moving from $3.9M to $3.9M. Total assets decreased by 26.6% over the same period, from $2.3M to $1.7M. Total functional expenses rose by 1.6%, from $3.8M to $3.9M. In its most recent filing year (2022), Commonsense Housing Inc reported a surplus of $40K, with revenue exceeding expenses. The organization holds $327K in liabilities against $1.7M in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $3.9M | $3.9M | $1.7M | $327K | — | View 990 |
| 2021 | $3.5M | $3.8M | $1.6M | $260K | — | — |
| 2020 | $4.0M | $4.1M | $1.9M | $356K | — | — |
| 2019 | $3.3M | $3.3M | $1.9M | $286K | — | View 990 |
| 2018 | $3.2M | $3.3M | $1.7M | $216K | — | View 990 |
| 2017 | $3.1M | $3.2M | $1.8M | $194K | — | View 990 |
| 2016 | $3.4M | $3.4M | $2.2M | $524K | — | View 990 |
| 2015 | $3.6M | $3.6M | $2.4M | $686K | — | View 990 |
| 2014 | $3.6M | $3.6M | $2.3M | $633K | — | View 990 |
| 2013 | $3.6M | $3.6M | $2.2M | $582K | — | View 990 |
| 2012 | $3.9M | $3.8M | $2.3M | $622K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $3.9M, expenses of $3.9M, and assets of $1.7M (revenue +11.4% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.8M, and assets of $1.6M (revenue -12.9% year-over-year).
- 2020: Revenue of $4.0M, expenses of $4.1M, and assets of $1.9M (revenue +21.6% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.3M, and assets of $1.9M (revenue +2.2% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.3M, and assets of $1.7M (revenue +3.7% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.2M, and assets of $1.8M (revenue -6.5% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.4M, and assets of $2.2M (revenue -7.9% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.6M, and assets of $2.4M (revenue +1.1% year-over-year).
- 2014: Revenue of $3.6M, expenses of $3.6M, and assets of $2.3M (revenue -0.7% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.6M, and assets of $2.2M (revenue -7.4% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.8M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Commonsense Housing Inc:
Data Sources and Methodology
This transparency report for Commonsense Housing 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.