Dover Foxcroft Housing Development Corporation
Dover Foxcroft Housing Development Corporation consistently maintains financial stability with no reported executive compensation.
EIN: 10317899 · Bangor, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $568K |
| Total Expenses | $508K |
| Program Spending | 90% |
| Net Assets | $682K |
| Transparency Score | 95/100 |
Is Dover Foxcroft Housing Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Dover Foxcroft Housing Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Dover Foxcroft Housing Development Corporation
Dover Foxcroft Housing Development Corporation (EIN: 10317899) is a nonprofit organization based in Bangor, ME. The organization reported total revenue of $568K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dover Foxcroft Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Dover Foxcroft Housing Development Corporation is a small nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $566K |
| Total Expenses | $508K |
| Surplus / Deficit | +$58K |
| Total Assets | $1.1M |
| Total Liabilities | $458K |
| Net Assets | $682K |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 40.2% |
| Months of Reserves | 26.9 months |
Financial Health Grade: A
In 2023, Dover Foxcroft Housing Development Corporation reported a surplus of $58K with revenue exceeding expenses, holds 26.9 months of operating reserves (strong position), has a debt-to-asset ratio of 40.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Dover Foxcroft Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | -7.9% | +0.4% |
| 2022 | -1.6% | +14.2% | -6.6% |
| 2021 | -1.5% | +6.5% | +0.9% |
| 2020 | +1.7% | -9.5% | +3.5% |
| 2019 | -1.4% | +5.1% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Dover Foxcroft Housing Development Corporation with a Mission Score of 95 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, Dover Foxcroft Housing Development 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a volunteer-led or highly efficient operational model, directing all available funds towards its housing development 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.
Strengths
The following positive indicators were identified for Dover Foxcroft Housing Development Corporation:
- Consistent operating surpluses, such as $57,603 in 2023 ($565,635 revenue - $508,032 expenses).
- Growing asset base, increasing from $998,697 in 2014 to $1,140,374 in 2023.
- Significant reduction in liabilities, from $847,295 in 2014 to $457,962 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Stable revenue streams, consistently around $500,000-$560,000 annually.
Frequently Asked Questions about Dover Foxcroft Housing Development Corporation
Is Dover Foxcroft Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Dover Foxcroft Housing Development Corporation (EIN: 10317899) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Dover Foxcroft Housing Development Corporation spend its money?
Dover Foxcroft Housing Development Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Dover Foxcroft Housing Development Corporation tax-deductible?
Dover Foxcroft Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 10317899). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Dover Foxcroft Housing Development Corporation located?
Dover Foxcroft Housing Development Corporation is headquartered in Bangor, Maine and files with the IRS under EIN 10317899.
How many years of IRS 990 filings does Dover Foxcroft Housing Development Corporation have?
Dover Foxcroft Housing Development Corporation 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 $568K in total revenue.
Is Dover Foxcroft Housing Development Corporation a good charity?
Based on its consistent financial health, growing assets, decreasing liabilities, and zero reported officer compensation, Dover Foxcroft Housing Development Corporation appears to be a very well-managed and efficient organization, suggesting it is a good charity.
How has the organization's financial health changed over the last decade?
Over the last decade, the organization has shown consistent revenue generation, generally exceeding expenses. Its assets have grown from $998,697 in 2014 to $1,140,374 in 2023, while liabilities have significantly decreased from $847,295 to $457,962, indicating improved financial health and reduced debt burden.
What is the organization's approach to executive compensation?
Dover Foxcroft Housing Development Corporation reports 0% officer compensation in all available filings, indicating a complete absence of paid executive salaries or benefits. This suggests a strong commitment to minimizing administrative overhead and maximizing resources for its mission.
Filing History
IRS 990 filing history for Dover Foxcroft Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Dover Foxcroft Housing Development Corporation's revenue has grown by 21.7%, moving from $465K to $566K. Total assets increased by 3.8% over the same period, from $1.1M to $1.1M. Total functional expenses rose by 11.7%, from $455K to $508K. In its most recent filing year (2023), Dover Foxcroft Housing Development Corporation reported a surplus of $58K, with revenue exceeding expenses. The organization holds $458K in liabilities against $1.1M in assets (debt-to-asset ratio: 40.2%), resulting in net assets of $682K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $566K | $508K | $1.1M | $458K | — | — |
| 2022 | $526K | $551K | $1.1M | $511K | — | — |
| 2021 | $535K | $483K | $1.2M | $566K | — | View 990 |
| 2020 | $543K | $453K | $1.2M | $607K | — | — |
| 2019 | $534K | $501K | $1.2M | $656K | — | View 990 |
| 2018 | $542K | $477K | $1.2M | $700K | — | View 990 |
| 2017 | $523K | $459K | $1.2M | $741K | — | View 990 |
| 2016 | $540K | $438K | $1.1M | $779K | — | View 990 |
| 2015 | $535K | $443K | $1.1M | $814K | — | View 990 |
| 2014 | $469K | $489K | $999K | $847K | — | View 990 |
| 2013 | $478K | $483K | $1.0M | $877K | — | View 990 |
| 2012 | $468K | $461K | $1.1M | $905K | — | View 990 |
| 2011 | $465K | $455K | $1.1M | $930K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $566K, expenses of $508K, and assets of $1.1M (revenue +7.4% year-over-year).
- 2022: Revenue of $526K, expenses of $551K, and assets of $1.1M (revenue -1.6% year-over-year).
- 2021: Revenue of $535K, expenses of $483K, and assets of $1.2M (revenue -1.5% year-over-year).
- 2020: Revenue of $543K, expenses of $453K, and assets of $1.2M (revenue +1.7% year-over-year).
- 2019: Revenue of $534K, expenses of $501K, and assets of $1.2M (revenue -1.4% year-over-year).
- 2018: Revenue of $542K, expenses of $477K, and assets of $1.2M (revenue +3.6% year-over-year).
- 2017: Revenue of $523K, expenses of $459K, and assets of $1.2M (revenue -3.2% year-over-year).
- 2016: Revenue of $540K, expenses of $438K, and assets of $1.1M (revenue +1.0% year-over-year).
- 2015: Revenue of $535K, expenses of $443K, and assets of $1.1M (revenue +13.9% year-over-year).
- 2014: Revenue of $469K, expenses of $489K, and assets of $999K (revenue -1.9% year-over-year).
- 2013: Revenue of $478K, expenses of $483K, and assets of $1.0M (revenue +2.3% year-over-year).
- 2012: Revenue of $468K, expenses of $461K, and assets of $1.1M (revenue +0.7% year-over-year).
- 2011: Revenue of $465K, expenses of $455K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Dover Foxcroft Housing Development Corporation:
Data Sources and Methodology
This transparency report for Dover Foxcroft Housing Development 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.