Courtyard Affordable Housing Corp
Courtyard Affordable Housing Corp consistently operates with no reported officer compensation but maintains liabilities exceeding assets.
EIN: 10482400 · Augusta, ME · NTEE: L99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $853K |
| Total Expenses | $643K |
| Program Spending | 85% |
| Net Assets | $-687,150 |
| Transparency Score | 80/100 |
Is Courtyard Affordable Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Courtyard Affordable Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Courtyard Affordable Housing Corp
Courtyard Affordable Housing Corp (EIN: 10482400) is a nonprofit organization based in Augusta, ME, classified under NTEE code L99Z. The organization reported total revenue of $853K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Courtyard Affordable Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Courtyard Affordable Housing Corp is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $722K |
| Total Expenses | $643K |
| Surplus / Deficit | +$80K |
| Total Assets | $3.0M |
| Total Liabilities | $3.7M |
| Net Assets | $-687,150 |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 122.8% |
| Months of Reserves | 56.2 months |
Financial Health Grade: A
In 2023, Courtyard Affordable Housing Corp reported a surplus of $80K with revenue exceeding expenses, holds 56.2 months of operating reserves (strong position), has a debt-to-asset ratio of 122.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Courtyard Affordable Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +3.2% | -0.7% |
| 2022 | +2.9% | +13.8% | -4.2% |
| 2021 | +6.0% | -8.6% | +2.3% |
| 2020 | -0.5% | +1.1% | -2.5% |
| 2019 | -1.6% | +5.5% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Courtyard Affordable Housing 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, Courtyard Affordable Housing 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 $80K, with revenue exceeding expenses.
- Debt-to-asset ratio: 122.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer or compensated through mechanisms not classified as officer compensation, which is highly favorable for directing resources to its mission.
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 Courtyard Affordable Housing Corp's IRS 990 filings:
- Consistent liabilities exceeding assets across multiple periods, raising questions about long-term financial structure.
Strengths
The following positive indicators were identified for Courtyard Affordable Housing Corp:
- Consistent 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Stable revenue and expense patterns over many years, suggesting predictable operations.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Clear alignment between organization name (Courtyard Affordable Housing Corp) and NTEE code (Housing & Shelter, Other).
Frequently Asked Questions about Courtyard Affordable Housing Corp
Is Courtyard Affordable Housing Corp a legitimate charity?
Courtyard Affordable Housing Corp (EIN: 10482400) 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: $853K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Courtyard Affordable Housing Corp spend its money?
Courtyard Affordable Housing Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Courtyard Affordable Housing Corp tax-deductible?
Courtyard Affordable Housing Corp is registered as a tax-exempt nonprofit (EIN: 10482400). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Courtyard Affordable Housing Corp's spending goes to programs?
Courtyard Affordable Housing Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Courtyard Affordable Housing Corp compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Courtyard Affordable Housing Corp is above average for NTEE category L99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Courtyard Affordable Housing Corp located?
Courtyard Affordable Housing Corp is headquartered in Augusta, Maine and files with the IRS under EIN 10482400. It is classified under NTEE code L99Z.
How many years of IRS 990 filings does Courtyard Affordable Housing Corp have?
Courtyard Affordable Housing 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 $853K in total revenue.
Is Courtyard Affordable Housing Corp financially stable given its consistent asset-liability imbalance?
While the organization consistently reports liabilities exceeding assets (e.g., $3,697,834 liabilities vs. $3,010,684 assets in 202309), this could be typical for housing organizations with significant mortgage debt. A deeper dive into the balance sheet would be needed to assess the nature of these liabilities and their impact on long-term stability.
How does Courtyard Affordable Housing Corp manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of dedication to its mission and efficient use of funds.
What caused the significant revenue spike in 201609?
In 201609, revenue was $1,270,770, significantly higher than the typical $500,000-$700,000 range. This could indicate a large one-time grant, a capital campaign, or a specific project that generated substantial income, which then normalized in subsequent years.
Filing History
IRS 990 filing history for Courtyard Affordable Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Courtyard Affordable Housing Corp's revenue has grown by 30.1%, moving from $555K to $722K. Total assets increased by 32.9% over the same period, from $2.3M to $3.0M. Total functional expenses rose by 11.5%, from $576K to $643K. In its most recent filing year (2023), Courtyard Affordable Housing Corp reported a surplus of $80K, with revenue exceeding expenses. The organization holds $3.7M in liabilities against $3.0M in assets (debt-to-asset ratio: 122.8%), resulting in net assets of $-687,150.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $722K | $643K | $3.0M | $3.7M | — | View 990 |
| 2022 | $672K | $623K | $3.0M | $3.8M | — | View 990 |
| 2021 | $653K | $547K | $3.2M | $4.0M | — | View 990 |
| 2020 | $616K | $599K | $3.1M | $4.0M | — | — |
| 2019 | $620K | $592K | $3.2M | $4.1M | — | View 990 |
| 2018 | $629K | $561K | $3.2M | $4.2M | — | View 990 |
| 2017 | $629K | $532K | $3.2M | $4.2M | — | View 990 |
| 2016 | $1.3M | $589K | $3.3M | $4.4M | — | View 990 |
| 2015 | $573K | $562K | $2.3M | $4.1M | — | View 990 |
| 2014 | $548K | $582K | $2.3M | $4.1M | — | View 990 |
| 2013 | $586K | $531K | $2.3M | $4.0M | — | View 990 |
| 2012 | $543K | $579K | $2.2M | $4.0M | — | View 990 |
| 2011 | $555K | $576K | $2.3M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $722K, expenses of $643K, and assets of $3.0M (revenue +7.5% year-over-year).
- 2022: Revenue of $672K, expenses of $623K, and assets of $3.0M (revenue +2.9% year-over-year).
- 2021: Revenue of $653K, expenses of $547K, and assets of $3.2M (revenue +6.0% year-over-year).
- 2020: Revenue of $616K, expenses of $599K, and assets of $3.1M (revenue -0.5% year-over-year).
- 2019: Revenue of $620K, expenses of $592K, and assets of $3.2M (revenue -1.6% year-over-year).
- 2018: Revenue of $629K, expenses of $561K, and assets of $3.2M (revenue +0.1% year-over-year).
- 2017: Revenue of $629K, expenses of $532K, and assets of $3.2M (revenue -50.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $589K, and assets of $3.3M (revenue +121.9% year-over-year).
- 2015: Revenue of $573K, expenses of $562K, and assets of $2.3M (revenue +4.5% year-over-year).
- 2014: Revenue of $548K, expenses of $582K, and assets of $2.3M (revenue -6.5% year-over-year).
- 2013: Revenue of $586K, expenses of $531K, and assets of $2.3M (revenue +7.9% year-over-year).
- 2012: Revenue of $543K, expenses of $579K, and assets of $2.2M (revenue -2.2% year-over-year).
- 2011: Revenue of $555K, expenses of $576K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Courtyard Affordable Housing Corp:
Data Sources and Methodology
This transparency report for Courtyard Affordable Housing 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.