Corinna Housing Corporation

Corinna Housing Corporation maintains stable finances with consistent revenue and no reported officer compensation.

EIN: 10327898 · Corinna, ME · Updated: 2026-03-28

$305KRevenue

$1.1MAssets

90/100Mission Score (Excellent)

About Corinna Housing Corporation

Corinna Housing Corporation (EIN: 10327898) is a nonprofit organization based in Corinna, ME. The organization reported total revenue of $305K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corinna Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Corinna Housing Corporation demonstrates consistent financial operations, with revenues generally covering expenses over the past decade. In 2023, the organization reported revenues of $270,867 against expenses of $256,106, indicating a slight surplus. Its asset base has remained stable, hovering around $1.1 million, with liabilities also showing consistency. The organization's transparency is commendable given its consistent filing history and the explicit reporting of 0% officer compensation across all available periods, suggesting a volunteer-led or very lean executive structure. This indicates a strong commitment to directing resources towards its mission rather than administrative overhead related to executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Corinna Housing Corporation with a Mission Score of 90 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: 90%
fundraising: 0%

According to IRS 990 filings, Corinna Housing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size with assets over $1 million.

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.

Strengths

The following positive indicators were identified for Corinna Housing Corporation:

Consistent financial stability with revenues generally exceeding expenses (e.g., 2023 revenue $270,867 vs. expenses $256,106).
No reported officer compensation across all filings, indicating high efficiency and dedication to mission.
Stable asset base of over $1.1 million, providing a solid foundation for operations.
Consistent IRS 990 filing history (13 filings), demonstrating strong transparency and compliance.

Frequently Asked Questions about Corinna Housing Corporation

Is Corinna Housing Corporation a good charity?

Based on the available financial data, Corinna Housing Corporation appears to be a well-managed and efficient organization. It consistently operates with revenues covering expenses, maintains a stable asset base, and reports no officer compensation, suggesting a strong focus on its mission.

How has Corinna Housing Corporation's financial health changed over time?

Corinna Housing Corporation has demonstrated remarkable financial stability over the past decade. Revenues and expenses have remained relatively consistent, and assets have stayed around $1.1 million, indicating a steady operational capacity.

What is Corinna Housing Corporation's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, suggesting a highly efficient model where executive leadership is either volunteer or compensated through non-officer roles, minimizing administrative overhead.

Filing History

IRS 990 filing history for Corinna Housing Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Corinna Housing Corporation's revenue has grown by 27.8%, moving from $212K to $271K. Total assets increased by 2.3% over the same period, from $1.1M to $1.1M. Total functional expenses rose by 23.4%, from $208K to $256K. In its most recent filing year (2023), Corinna Housing Corporation reported a surplus of $15K, with revenue exceeding expenses. The organization holds $830K in liabilities against $1.1M in assets (debt-to-asset ratio: 74.6%), resulting in net assets of $283K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$271K	$256K	$1.1M	$830K	—	—
2022	$250K	$254K	$1.1M	$842K	—	View 990
2021	$251K	$221K	$1.1M	$843K	—	View 990
2020	$225K	$232K	$1.1M	$861K	—	—
2019	$228K	$234K	$1.1M	$863K	—	—
2018	$228K	$232K	$1.1M	$874K	—	View 990
2017	$220K	$216K	$1.1M	$878K	—	View 990
2016	$228K	$206K	$1.1M	$885K	—	View 990
2015	$216K	$213K	$1.1M	$890K	—	View 990
2014	$285K	$224K	$1.1M	$895K	—	View 990
2013	$212K	$213K	$1.1M	$897K	—	View 990
2012	$204K	$209K	$1.1M	$908K	—	View 990
2011	$212K	$208K	$1.1M	$913K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $271K, expenses of $256K, and assets of $1.1M (revenue +8.4% year-over-year).
2022: Revenue of $250K, expenses of $254K, and assets of $1.1M (revenue -0.4% year-over-year).
2021: Revenue of $251K, expenses of $221K, and assets of $1.1M (revenue +11.7% year-over-year).
2020: Revenue of $225K, expenses of $232K, and assets of $1.1M (revenue -1.4% year-over-year).
2019: Revenue of $228K, expenses of $234K, and assets of $1.1M (revenue +0.1% year-over-year).
2018: Revenue of $228K, expenses of $232K, and assets of $1.1M (revenue +3.5% year-over-year).
2017: Revenue of $220K, expenses of $216K, and assets of $1.1M (revenue -3.4% year-over-year).
2016: Revenue of $228K, expenses of $206K, and assets of $1.1M (revenue +5.3% year-over-year).
2015: Revenue of $216K, expenses of $213K, and assets of $1.1M (revenue -24.1% year-over-year).
2014: Revenue of $285K, expenses of $224K, and assets of $1.1M (revenue +34.1% year-over-year).
2013: Revenue of $212K, expenses of $213K, and assets of $1.1M (revenue +4.3% year-over-year).
2012: Revenue of $204K, expenses of $209K, and assets of $1.1M (revenue -3.9% year-over-year).
2011: Revenue of $212K, expenses of $208K, and assets of $1.1M.

Data Sources and Methodology

This transparency report for Corinna Housing Corporation 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.