Community Housing Of Maine Inc
Community Housing Of Maine Inc shows consistent revenue growth and asset accumulation, with no reported officer compensation.
EIN: 10490195 · Portland, ME · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.6M |
| Total Expenses | $4.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $40 |
| Net Assets | $15.4M |
| Transparency Score | 85/100 |
Is Community Housing Of Maine Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Housing Of Maine Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Housing Of Maine Inc
Community Housing Of Maine Inc (EIN: 10490195) is a nonprofit organization based in Portland, ME, classified under NTEE code L21Z. The organization reported total revenue of $14.6M and total assets of $51.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Housing Of Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Housing Of Maine Inc is a large nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $4.9M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $40.9M |
| Total Liabilities | $25.5M |
| Net Assets | $15.4M |
| Operating Margin | 28.1% |
| Debt-to-Asset Ratio | 62.3% |
| Months of Reserves | 100.3 months |
Financial Health Grade: A
In 2023, Community Housing Of Maine Inc reported a surplus of $1.9M with revenue exceeding expenses, holds 100.3 months of operating reserves (strong position), has a debt-to-asset ratio of 62.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Housing Of Maine Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.2% | +12.1% | +9.9% |
| 2022 | +52.7% | +32.0% | +5.5% |
| 2021 | +20.9% | -3.2% | +2.8% |
| 2020 | -52.9% | -4.6% | +1.3% |
| 2019 | -28.8% | -22.5% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Housing Of Maine 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Community Housing Of Maine 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.3%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with assets exceeding $40 million. This could indicate that compensation is reported under other expense categories or that key leadership roles are filled by volunteers, which would be a significant strength in terms of resource allocation.
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 Housing Of Maine Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation, requiring further clarification.
Strengths
The following positive indicators were identified for Community Housing Of Maine Inc:
- Consistent revenue growth, with latest revenue at $14,574,617.
- Strong asset growth, reaching $51,268,162 in total assets.
- Positive net income in recent periods, indicating financial stability (e.g., 2023 revenue $6,801,341 vs. expenses $4,889,067).
- No reported officer compensation, potentially indicating high efficiency in leadership costs or volunteer leadership.
Frequently Asked Questions about Community Housing Of Maine Inc
Is Community Housing Of Maine Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Housing Of Maine Inc (EIN: 10490195) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Community Housing Of Maine Inc spend its money?
Community Housing Of Maine Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Housing Of Maine Inc tax-deductible?
Community Housing Of Maine Inc is registered as a tax-exempt nonprofit (EIN: 10490195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Community Housing Of Maine Inc CEO make?
Community Housing Of Maine Inc's highest-compensated officer earns $40 annually. The organization reported $14.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Community Housing Of Maine Inc's spending goes to programs?
Community Housing Of Maine Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Housing Of Maine Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Community Housing Of Maine Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Housing Of Maine Inc located?
Community Housing Of Maine Inc is headquartered in Portland, Maine and files with the IRS under EIN 10490195. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Community Housing Of Maine Inc have?
Community Housing Of Maine Inc 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 $14.6M in total revenue.
How does Community Housing Of Maine Inc manage its significant liabilities?
The organization's liabilities, reaching $25,473,358 in 2023, are substantial. Given its NTEE code (L21Z - Housing Development, Construction & Management), these liabilities likely represent mortgages or other financing for its housing projects. A deeper dive into the balance sheet would clarify the nature and terms of these debts.
What is the actual executive compensation for Community Housing Of Maine Inc?
The consistent reporting of 0% for 'Officer Comp' across all filings is highly unusual. It's possible that executive salaries are categorized differently within the 990, or that the organization relies heavily on volunteer leadership. Further investigation into Schedule J (Compensation Information) or other parts of the 990 would be necessary to determine actual executive compensation.
What is the long-term strategy for asset utilization and growth?
With assets growing from $34,277,846 in 2020 to $40,859,839 in 2023, the organization is clearly expanding its resource base. Understanding how these assets are being deployed to further its mission, particularly in housing development and management, would provide insight into its strategic effectiveness.
Filing History
IRS 990 filing history for Community Housing Of Maine Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Housing Of Maine Inc's revenue has grown by 35.5%, moving from $5.0M to $6.8M. Total assets increased by 17% over the same period, from $34.9M to $40.9M. Total functional expenses rose by 7.6%, from $4.5M to $4.9M. In its most recent filing year (2023), Community Housing Of Maine Inc reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $25.5M in liabilities against $40.9M in assets (debt-to-asset ratio: 62.3%), resulting in net assets of $15.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $4.9M | $40.9M | $25.5M | — | View 990 |
| 2022 | $5.9M | $4.4M | $37.2M | $23.0M | — | View 990 |
| 2021 | $3.8M | $3.3M | $35.2M | $22.5M | — | View 990 |
| 2020 | $3.2M | $3.4M | $34.3M | $22.1M | — | View 990 |
| 2019 | $6.7M | $3.6M | $33.8M | $21.4M | — | View 990 |
| 2018 | $9.5M | $4.6M | $30.3M | $22.8M | — | View 990 |
| 2017 | $6.5M | $5.8M | $42.1M | $39.8M | — | View 990 |
| 2016 | $5.7M | $5.7M | $40.8M | $39.2M | — | View 990 |
| 2015 | $5.5M | $5.5M | $40.5M | $38.9M | — | View 990 |
| 2014 | $6.0M | $5.3M | $39.1M | $37.5M | — | View 990 |
| 2013 | $4.9M | $5.0M | $37.7M | $37.0M | — | View 990 |
| 2012 | $4.6M | $4.6M | $35.0M | $34.2M | — | View 990 |
| 2011 | $5.0M | $4.5M | $34.9M | $34.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $4.9M, and assets of $40.9M (revenue +16.2% year-over-year).
- 2022: Revenue of $5.9M, expenses of $4.4M, and assets of $37.2M (revenue +52.7% year-over-year).
- 2021: Revenue of $3.8M, expenses of $3.3M, and assets of $35.2M (revenue +20.9% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.4M, and assets of $34.3M (revenue -52.9% year-over-year).
- 2019: Revenue of $6.7M, expenses of $3.6M, and assets of $33.8M (revenue -28.8% year-over-year).
- 2018: Revenue of $9.5M, expenses of $4.6M, and assets of $30.3M (revenue +44.4% year-over-year).
- 2017: Revenue of $6.5M, expenses of $5.8M, and assets of $42.1M (revenue +14.9% year-over-year).
- 2016: Revenue of $5.7M, expenses of $5.7M, and assets of $40.8M (revenue +3.8% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.5M, and assets of $40.5M (revenue -8.4% year-over-year).
- 2014: Revenue of $6.0M, expenses of $5.3M, and assets of $39.1M (revenue +23.2% year-over-year).
- 2013: Revenue of $4.9M, expenses of $5.0M, and assets of $37.7M (revenue +5.8% year-over-year).
- 2012: Revenue of $4.6M, expenses of $4.6M, and assets of $35.0M (revenue -8.4% year-over-year).
- 2011: Revenue of $5.0M, expenses of $4.5M, and assets of $34.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Housing Of Maine Inc:
Data Sources and Methodology
This transparency report for Community Housing Of Maine 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.