Emc Affordable Housing Preservation
Emc Affordable Housing Preservation shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 10538683 · Westbrook, ME · NTEE: L21 · Updated: 2026-03-28
Is Emc Affordable Housing Preservation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Emc Affordable Housing Preservation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Emc Affordable Housing Preservation
Emc Affordable Housing Preservation (EIN: 10538683) is a nonprofit organization based in Westbrook, ME, classified under NTEE code L21. The organization reported total revenue of $1.0M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Emc Affordable Housing Preservation'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 Emc Affordable Housing Preservation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Emc Affordable Housing Preservation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that executive services are provided by a related entity, which significantly reduces administrative overhead for the organization.
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 Emc Affordable Housing Preservation's IRS 990 filings:
- No specific red flags identified based on the provided financial data.
Strengths
The following positive indicators were identified for Emc Affordable Housing Preservation:
- Consistent revenue growth, from $462,379 in 2015 to $797,032 in 2024.
- Significant asset growth, particularly from $1.84M in 2023 to $3.51M in 2024.
- 0% reported officer compensation across all filings, indicating efficient use of funds.
- Healthy financial position with assets generally exceeding liabilities.
- Strong program focus implied by low administrative overhead.
Frequently Asked Questions about Emc Affordable Housing Preservation
Is Emc Affordable Housing Preservation a legitimate charity?
Based on AI analysis of IRS 990 filings, Emc Affordable Housing Preservation (EIN: 10538683) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Emc Affordable Housing Preservation spend its money?
Emc Affordable Housing Preservation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Emc Affordable Housing Preservation tax-deductible?
Emc Affordable Housing Preservation is registered as a tax-exempt nonprofit (EIN: 10538683). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Emc Affordable Housing Preservation a good charity?
Based on its financial filings, Emc Affordable Housing Preservation appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, significant asset accumulation, and a clear commitment to its mission with no reported officer compensation, indicating efficient use of funds.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth. Revenue has steadily increased from $462,379 in 2015 to $797,032 in 2024. Assets have also seen substantial growth, particularly between 2023 ($1,842,662) and 2024 ($3,516,916), indicating a strengthening financial position.
What is the organization's approach to executive compensation?
Emc Affordable Housing Preservation consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership is either entirely volunteer-based or compensated through an affiliated entity, thereby maximizing funds for program services.
Filing History
IRS 990 filing history for Emc Affordable Housing Preservation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Emc Affordable Housing Preservation's revenue has grown by 65.3%, moving from $482K to $797K. Total assets increased by 96.1% over the same period, from $1.8M to $3.5M. Total functional expenses rose by 65.2%, from $447K to $738K. In its most recent filing year (2024), Emc Affordable Housing Preservation reported a surplus of $59K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $3.5M in assets (debt-to-asset ratio: 96.1%), resulting in net assets of $137K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $797K | $738K | $3.5M | $3.4M | — | View 990 |
| 2023 | $721K | $591K | $1.8M | $1.8M | — | View 990 |
| 2022 | $693K | $643K | $1.8M | $1.8M | — | View 990 |
| 2021 | $649K | $669K | $1.8M | $1.9M | — | View 990 |
| 2020 | $594K | $585K | $1.9M | $2.0M | — | View 990 |
| 2019 | $562K | $577K | $1.8M | $1.9M | — | View 990 |
| 2018 | $554K | $591K | $1.9M | $2.0M | — | View 990 |
| 2017 | $499K | $590K | $2.0M | $2.0M | — | View 990 |
| 2016 | $498K | $492K | $1.7M | $1.7M | — | View 990 |
| 2015 | $462K | $480K | $1.7M | $1.7M | — | View 990 |
| 2014 | $479K | $477K | $1.8M | $1.7M | — | View 990 |
| 2013 | $468K | $438K | $1.8M | $1.7M | — | View 990 |
| 2012 | $482K | $447K | $1.8M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $797K, expenses of $738K, and assets of $3.5M (revenue +10.5% year-over-year).
- 2023: Revenue of $721K, expenses of $591K, and assets of $1.8M (revenue +4.2% year-over-year).
- 2022: Revenue of $693K, expenses of $643K, and assets of $1.8M (revenue +6.8% year-over-year).
- 2021: Revenue of $649K, expenses of $669K, and assets of $1.8M (revenue +9.1% year-over-year).
- 2020: Revenue of $594K, expenses of $585K, and assets of $1.9M (revenue +5.7% year-over-year).
- 2019: Revenue of $562K, expenses of $577K, and assets of $1.8M (revenue +1.5% year-over-year).
- 2018: Revenue of $554K, expenses of $591K, and assets of $1.9M (revenue +10.9% year-over-year).
- 2017: Revenue of $499K, expenses of $590K, and assets of $2.0M (revenue +0.2% year-over-year).
- 2016: Revenue of $498K, expenses of $492K, and assets of $1.7M (revenue +7.8% year-over-year).
- 2015: Revenue of $462K, expenses of $480K, and assets of $1.7M (revenue -3.4% year-over-year).
- 2014: Revenue of $479K, expenses of $477K, and assets of $1.8M (revenue +2.2% year-over-year).
- 2013: Revenue of $468K, expenses of $438K, and assets of $1.8M (revenue -2.8% year-over-year).
- 2012: Revenue of $482K, expenses of $447K, and assets of $1.8M.
Data Sources and Methodology
This transparency report for Emc Affordable Housing Preservation 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.