Dennysville Housing
Dennysville Housing shows consistent asset growth and no executive compensation over the past decade.
EIN: 10532605 · Machias, ME · NTEE: P28 · Updated: 2026-03-28
Is Dennysville Housing Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dennysville Housing directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dennysville Housing
Dennysville Housing (EIN: 10532605) is a nonprofit organization based in Machias, ME, classified under NTEE code P28. The organization reported total revenue of $278K and total assets of $402K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dennysville Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Dennysville Housing with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Dennysville Housing allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Dennysville Housing reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive indicator, suggesting that all available funds are directed towards the organization's mission and operational costs.
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 Dennysville Housing:
- Consistent asset growth, from $140,367 in 2015 to $381,920 in 2024.
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Revenue consistently exceeds expenses, leading to healthy financial surpluses (e.g., $259,523 revenue vs. $245,261 expenses in 2024).
- Low liabilities relative to assets (e.g., $7,442 liabilities vs. $381,920 assets in 2024).
- Stable and growing financial position over a 10-year period.
Frequently Asked Questions about Dennysville Housing
Is Dennysville Housing a legitimate charity?
Based on AI analysis of IRS 990 filings, Dennysville Housing (EIN: 10532605) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Dennysville Housing spend its money?
Dennysville Housing directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dennysville Housing tax-deductible?
Dennysville Housing is registered as a tax-exempt nonprofit (EIN: 10532605). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Dennysville Housing a good charity?
Based on the provided IRS 990 data, Dennysville Housing appears to be a very good charity. They demonstrate consistent financial growth, maintain low liabilities, and notably report 0% officer compensation, indicating a strong commitment to directing funds towards their mission.
How has Dennysville Housing's financial health changed over time?
Dennysville Housing has shown consistent financial improvement. Assets have grown from $140,367 in 2015 to $381,920 in 2024, and revenue has steadily increased, consistently exceeding expenses, leading to a healthy surplus each year.
What is Dennysville Housing's approach to executive compensation?
Dennysville Housing has a highly commendable approach to executive compensation, reporting 0% officer compensation in all available filings. This means no funds are allocated to paying officers, maximizing resources for their programs.
Filing History
IRS 990 filing history for Dennysville Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Dennysville Housing's revenue has grown by 39.7%, moving from $186K to $260K. Total assets increased by 257.6% over the same period, from $107K to $382K. Total functional expenses rose by 48.6%, from $165K to $245K. In its most recent filing year (2024), Dennysville Housing reported a surplus of $14K, with revenue exceeding expenses. The organization holds $7K in liabilities against $382K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $374K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $260K | $245K | $382K | $7K | — | — |
| 2023 | $242K | $212K | $368K | $8K | — | View 990 |
| 2022 | $231K | $209K | $337K | $8K | — | View 990 |
| 2021 | $225K | $189K | $315K | $7K | — | — |
| 2020 | $223K | $185K | $282K | $10K | — | View 990 |
| 2019 | $268K | $180K | $242K | $9K | — | View 990 |
| 2018 | $225K | $198K | $174K | $11K | — | — |
| 2017 | $202K | $182K | $156K | $20K | — | View 990 |
| 2016 | $193K | $184K | $147K | $31K | — | View 990 |
| 2015 | $209K | $204K | $140K | $34K | — | — |
| 2014 | $199K | $193K | $125K | $24K | — | View 990 |
| 2013 | $179K | $183K | $116K | $20K | — | View 990 |
| 2012 | $186K | $165K | $107K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $260K, expenses of $245K, and assets of $382K (revenue +7.1% year-over-year).
- 2023: Revenue of $242K, expenses of $212K, and assets of $368K (revenue +4.7% year-over-year).
- 2022: Revenue of $231K, expenses of $209K, and assets of $337K (revenue +2.8% year-over-year).
- 2021: Revenue of $225K, expenses of $189K, and assets of $315K (revenue +0.7% year-over-year).
- 2020: Revenue of $223K, expenses of $185K, and assets of $282K (revenue -16.7% year-over-year).
- 2019: Revenue of $268K, expenses of $180K, and assets of $242K (revenue +19.4% year-over-year).
- 2018: Revenue of $225K, expenses of $198K, and assets of $174K (revenue +11.0% year-over-year).
- 2017: Revenue of $202K, expenses of $182K, and assets of $156K (revenue +4.7% year-over-year).
- 2016: Revenue of $193K, expenses of $184K, and assets of $147K (revenue -7.5% year-over-year).
- 2015: Revenue of $209K, expenses of $204K, and assets of $140K (revenue +5.3% year-over-year).
- 2014: Revenue of $199K, expenses of $193K, and assets of $125K (revenue +11.1% year-over-year).
- 2013: Revenue of $179K, expenses of $183K, and assets of $116K (revenue -3.8% year-over-year).
- 2012: Revenue of $186K, expenses of $165K, and assets of $107K.
Data Sources and Methodology
This transparency report for Dennysville Housing 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.