Community Concepts Finance Corp
Community Concepts Finance Corp maintains stable finances with consistent revenue and no reported officer compensation.
EIN: 10540981 · Lewiston, ME · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $4.4M |
| Transparency Score | 80/100 |
Is Community Concepts Finance Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Concepts Finance Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Concepts Finance Corp
Community Concepts Finance Corp (EIN: 10540981) is a nonprofit organization based in Lewiston, ME, classified under NTEE code L20. The organization reported total revenue of $2.3M and total assets of $12.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Concepts Finance Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Concepts Finance Corp is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$55K |
| Total Assets | $12.5M |
| Total Liabilities | $8.1M |
| Net Assets | $4.4M |
| Operating Margin | 2.7% |
| Debt-to-Asset Ratio | 65.0% |
| Months of Reserves | 75.0 months |
Financial Health Grade: A
In 2023, Community Concepts Finance Corp reported a surplus of $55K with revenue exceeding expenses, holds 75.0 months of operating reserves (strong position), has a debt-to-asset ratio of 65.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Concepts Finance Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.2% | +4.8% | -1.2% |
| 2022 | +2.7% | +12.2% | -4.1% |
| 2021 | +10.8% | +22.7% | -11.1% |
| 2020 | -12.8% | -9.1% | +4.0% |
| 2019 | +3.6% | +3.5% | +3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Community Concepts Finance Corp with a Mission Score of 80 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, Community Concepts Finance Corp 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 $55K, with revenue exceeding expenses.
- Debt-to-asset ratio: 65.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either unpaid or compensated through a related entity, which is highly unusual for an organization of this size with over $2 million in annual revenue.
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 Community Concepts Finance Corp's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure actual executive pay if compensated by a related entity.
Strengths
The following positive indicators were identified for Community Concepts Finance Corp:
- Consistent positive net income in most recent years (e.g., $54,630 in 2023), indicating financial stability.
- Significant asset base ($12,924,570 latest) providing a strong foundation for operations.
- Growth in revenue and assets over the past decade, demonstrating organizational expansion and sustainability.
Frequently Asked Questions about Community Concepts Finance Corp
Is Community Concepts Finance Corp a legitimate charity?
Community Concepts Finance Corp (EIN: 10540981) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Community Concepts Finance Corp spend its money?
Community Concepts Finance Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Community Concepts Finance Corp tax-deductible?
Community Concepts Finance Corp is registered as a tax-exempt nonprofit (EIN: 10540981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Concepts Finance Corp CEO make?
Community Concepts Finance Corp's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Concepts Finance Corp's spending goes to programs?
Community Concepts Finance Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Concepts Finance Corp compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Community Concepts Finance Corp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Concepts Finance Corp located?
Community Concepts Finance Corp is headquartered in Lewiston, Maine and files with the IRS under EIN 10540981. It is classified under NTEE code L20.
How many years of IRS 990 filings does Community Concepts Finance Corp have?
Community Concepts Finance Corp 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 $2.3M in total revenue.
How does Community Concepts Finance Corp manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with annual revenues exceeding $2 million. This could indicate that executive compensation is paid by a related organization, or that the officers are volunteers, which would require further investigation of their consolidated financial statements or related party disclosures.
What is the nature of the significant liabilities held by the organization?
Given the NTEE code L20 (Housing Development, Construction & Management), it is likely that a substantial portion of the liabilities, such as $8,137,105 in 2023, are related to mortgages, loans, or bonds used to finance housing development projects. This is common for organizations in this sector.
Has the organization's financial health improved or declined over the past decade?
The organization has shown growth in both revenue and assets over the past decade. Revenue increased from $1,003,013 in 2014 to $2,055,844 in 2023, and assets grew from $7,924,421 to $12,510,089 in the same period, indicating overall financial improvement and stability.
Filing History
IRS 990 filing history for Community Concepts Finance Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Concepts Finance Corp's revenue has grown by 37.8%, moving from $1.5M to $2.1M. Total assets increased by 26.5% over the same period, from $9.9M to $12.5M. Total functional expenses rose by 119.9%, from $910K to $2.0M. In its most recent filing year (2023), Community Concepts Finance Corp reported a surplus of $55K, with revenue exceeding expenses. The organization holds $8.1M in liabilities against $12.5M in assets (debt-to-asset ratio: 65.0%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $12.5M | $8.1M | — | — |
| 2022 | $1.7M | $1.9M | $12.7M | $8.3M | — | View 990 |
| 2021 | $1.6M | $1.7M | $13.2M | $8.7M | — | View 990 |
| 2020 | $1.5M | $1.4M | $14.8M | $10.2M | — | — |
| 2019 | $1.7M | $1.5M | $14.3M | $9.7M | — | View 990 |
| 2018 | $1.6M | $1.5M | $13.8M | $9.4M | — | View 990 |
| 2017 | $2.8M | $1.5M | $13.1M | $8.9M | — | View 990 |
| 2016 | $1.9M | $1.1M | $11.4M | $8.5M | — | View 990 |
| 2015 | $1.1M | $1.2M | $10.0M | $7.8M | — | View 990 |
| 2014 | $1.0M | $1.2M | $7.9M | $5.6M | — | View 990 |
| 2013 | $780K | $774K | $7.2M | $4.7M | — | View 990 |
| 2012 | $585K | $641K | $7.6M | $5.1M | — | View 990 |
| 2011 | $1.5M | $910K | $9.9M | $7.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $12.5M (revenue +22.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.9M, and assets of $12.7M (revenue +2.7% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.7M, and assets of $13.2M (revenue +10.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $14.8M (revenue -12.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.5M, and assets of $14.3M (revenue +3.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $13.8M (revenue -40.8% year-over-year).
- 2017: Revenue of $2.8M, expenses of $1.5M, and assets of $13.1M (revenue +45.8% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.1M, and assets of $11.4M (revenue +70.8% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $10.0M (revenue +10.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.2M, and assets of $7.9M (revenue +28.6% year-over-year).
- 2013: Revenue of $780K, expenses of $774K, and assets of $7.2M (revenue +33.5% year-over-year).
- 2012: Revenue of $585K, expenses of $641K, and assets of $7.6M (revenue -60.8% year-over-year).
- 2011: Revenue of $1.5M, expenses of $910K, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Concepts Finance Corp:
Data Sources and Methodology
This transparency report for Community Concepts Finance Corp 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.