Fort Fairfield Residential Development Corporation
Fort Fairfield Residential Development Corp: Stable but Stagnant
EIN: 223066435 · Ft Fairfield, ME · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $253K |
| Program Spending | 85% |
| Net Assets | $408K |
| Transparency Score | 65/100 |
Is Fort Fairfield Residential Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fort Fairfield Residential Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fort Fairfield Residential Development Corporation
Fort Fairfield Residential Development Corporation (EIN: 223066435) is a nonprofit organization based in Ft Fairfield, ME. The organization reported total revenue of $280K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Fairfield Residential Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Fairfield Residential Development Corporation is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $280K |
| Total Expenses | $253K |
| Surplus / Deficit | +$27K |
| Total Assets | $1.1M |
| Total Liabilities | $676K |
| Net Assets | $408K |
| Operating Margin | 9.6% |
| Debt-to-Asset Ratio | 62.4% |
| Months of Reserves | 51.4 months |
Financial Health Grade: A
In 2024, Fort Fairfield Residential Development Corporation reported a surplus of $27K with revenue exceeding expenses, holds 51.4 months of operating reserves (strong position), has a debt-to-asset ratio of 62.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Fort Fairfield Residential Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.3% | -3.6% | -1.1% |
| 2023 | -1.0% | +1.5% | -3.5% |
| 2022 | -3.5% | +12.5% | -2.8% |
| 2021 | +10.0% | -0.8% | +0.9% |
| 2020 | -2.5% | -8.1% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Fort Fairfield Residential Development Corporation with a Mission Score of 65 out of 100 (Good). 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, Fort Fairfield Residential Development Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 62.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided financial data, making it impossible to assess.
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 Fort Fairfield Residential Development Corporation's IRS 990 filings:
- Lack of detailed program information makes it difficult to assess direct impact.
- Consistent revenue and expense figures over several years suggest a lack of growth or significant new initiatives.
Strengths
The following positive indicators were identified for Fort Fairfield Residential Development Corporation:
- Stable financial operations with consistent revenue and expenses.
- Healthy asset base of $1,084,230 in 2024, indicating financial stability.
Frequently Asked Questions about Fort Fairfield Residential Development Corporation
Is Fort Fairfield Residential Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Fort Fairfield Residential Development Corporation (EIN: 223066435) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Fort Fairfield Residential Development Corporation spend its money?
Fort Fairfield Residential Development Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fort Fairfield Residential Development Corporation tax-deductible?
Fort Fairfield Residential Development Corporation is registered as a tax-exempt nonprofit (EIN: 223066435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fort Fairfield Residential Development Corporation's spending goes to programs?
Fort Fairfield Residential Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fort Fairfield Residential Development Corporation located?
Fort Fairfield Residential Development Corporation is headquartered in Ft Fairfield, Maine and files with the IRS under EIN 223066435.
How many years of IRS 990 filings does Fort Fairfield Residential Development Corporation have?
Fort Fairfield Residential Development Corporation has 14 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 $280K in total revenue.
What does Fort Fairfield Residential Development Corporation do?
Fort Fairfield Residential Development Corporation is a nonprofit organization in the Unknown sector, located in Ft Fairfield, Maine. It is classified under NTEE code Unknown.
How much revenue does Fort Fairfield Residential Development Corporation have?
Fort Fairfield Residential Development Corporation reported total revenue of $279,875. Based on 14 IRS 990 filings on record.
What are Fort Fairfield Residential Development Corporation's total assets?
Fort Fairfield Residential Development Corporation holds total assets of $1,084,230 as reported in IRS 990 filings.
Where is Fort Fairfield Residential Development Corporation located?
Fort Fairfield Residential Development Corporation is based in Ft Fairfield, Maine.
What is Fort Fairfield Residential Development Corporation's EIN?
Fort Fairfield Residential Development Corporation's Employer Identification Number (EIN) is 223066435. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fort Fairfield Residential Development Corporation?
Fort Fairfield Residential Development Corporation is classified under NTEE code Unknown (Unknown).
Is Fort Fairfield Residential Development Corporation a registered 501(c)(3)?
Fort Fairfield Residential Development Corporation appears in IRS records (EIN: 223066435). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fort Fairfield Residential Development Corporation file IRS Form 990?
Yes, Fort Fairfield Residential Development Corporation has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Fort Fairfield Residential Development Corporation's revenue in 2024?
In the 202406 filing period, Fort Fairfield Residential Development Corporation reported total revenue of $279,875, total expenses of $252,954, and net assets of $1,084,230.
Is Fort Fairfield Residential Development Corporation's revenue growing or declining?
Fort Fairfield Residential Development Corporation's revenue is growing. Revenue went from $260,808 (202306) to $279,875 (202406), a +7.3% change. Based on 14 filings on record.
What is Fort Fairfield Residential Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Fort Fairfield Residential Development Corporation covers tax period 202406. It shows revenue of $279,875, expenses of $252,954, total assets of $1,084,230, and liabilities of $676,354.
How much does Fort Fairfield Residential Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, Fort Fairfield Residential Development Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Fort Fairfield Residential Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Fort Fairfield Residential Development Corporation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Fort Fairfield Residential Development Corporation?
The following concerns were identified: Lack of detailed program information makes it difficult to assess direct impact.. Consistent revenue and expense figures over several years suggest a lack of growth or significant new initiatives.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fort Fairfield Residential Development Corporation's strengths?
Positive indicators for Fort Fairfield Residential Development Corporation include: Stable financial operations with consistent revenue and expenses.. Healthy asset base of $1,084,230 in 2024, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Fort Fairfield Residential Development Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided financial data, making it impossible to assess. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and expenses, what are the primary activities or programs that Fort Fairfield Residential Development Corporation undertakes?
The provided data only shows high-level financial figures (revenue, expenses, assets, liabilities) but does not detail specific programs or activities. The consistent figures suggest a stable, possibly maintenance-oriented, operation rather than growth-focused development.
How does the organization measure its impact on residential development in Fort Fairfield, and what are its long-term goals?
The available data does not include any metrics for impact measurement or stated long-term goals. Without this information, it's challenging to understand the organization's strategic direction or effectiveness beyond its financial stability.
Filing History
IRS 990 filing history for Fort Fairfield Residential Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Fort Fairfield Residential Development Corporation's revenue has declined by 9.2%, moving from $308K to $280K. Total assets decreased by 18% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 5%, from $241K to $253K. In its most recent filing year (2024), Fort Fairfield Residential Development Corporation reported a surplus of $27K, with revenue exceeding expenses. The organization holds $676K in liabilities against $1.1M in assets (debt-to-asset ratio: 62.4%), resulting in net assets of $408K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $280K | $253K | $1.1M | $676K | — | — |
| 2023 | $261K | $262K | $1.1M | $716K | — | — |
| 2022 | $264K | $259K | $1.1M | $753K | — | View 990 |
| 2021 | $273K | $230K | $1.2M | $791K | — | View 990 |
| 2020 | $248K | $232K | $1.2M | $824K | — | View 990 |
| 2019 | $255K | $252K | $1.2M | $846K | — | View 990 |
| 2018 | $250K | $227K | $1.2M | $876K | — | View 990 |
| 2017 | $261K | $218K | $1.2M | $903K | — | View 990 |
| 2016 | $233K | $232K | $1.2M | $930K | — | View 990 |
| 2015 | $232K | $240K | $1.2M | $966K | — | View 990 |
| 2014 | $234K | $231K | $1.2M | $972K | — | View 990 |
| 2013 | $287K | $297K | $1.2M | $994K | — | View 990 |
| 2012 | $236K | $252K | $1.3M | $1.0M | — | View 990 |
| 2011 | $308K | $241K | $1.3M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $280K, expenses of $253K, and assets of $1.1M (revenue +7.3% year-over-year).
- 2023: Revenue of $261K, expenses of $262K, and assets of $1.1M (revenue -1.0% year-over-year).
- 2022: Revenue of $264K, expenses of $259K, and assets of $1.1M (revenue -3.5% year-over-year).
- 2021: Revenue of $273K, expenses of $230K, and assets of $1.2M (revenue +10.0% year-over-year).
- 2020: Revenue of $248K, expenses of $232K, and assets of $1.2M (revenue -2.5% year-over-year).
- 2019: Revenue of $255K, expenses of $252K, and assets of $1.2M (revenue +1.8% year-over-year).
- 2018: Revenue of $250K, expenses of $227K, and assets of $1.2M (revenue -4.2% year-over-year).
- 2017: Revenue of $261K, expenses of $218K, and assets of $1.2M (revenue +12.3% year-over-year).
- 2016: Revenue of $233K, expenses of $232K, and assets of $1.2M (revenue +0.4% year-over-year).
- 2015: Revenue of $232K, expenses of $240K, and assets of $1.2M (revenue -1.2% year-over-year).
- 2014: Revenue of $234K, expenses of $231K, and assets of $1.2M (revenue -18.3% year-over-year).
- 2013: Revenue of $287K, expenses of $297K, and assets of $1.2M (revenue +21.8% year-over-year).
- 2012: Revenue of $236K, expenses of $252K, and assets of $1.3M (revenue -23.6% year-over-year).
- 2011: Revenue of $308K, expenses of $241K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Fairfield Residential Development Corporation:
Data Sources and Methodology
This transparency report for Fort Fairfield Residential 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.