Fort Kent Housing Inc
Fort Kent Housing Inc. experiences consistent operational deficits, leading to a gradual decline in assets over the past decade.
EIN: 10280430 · Fort Kent, ME · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $530K |
| Total Expenses | $602K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $500,000. |
| Net Assets | $1.9M |
| Transparency Score | 75/100 |
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Fort Kent Housing Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Fort Kent Housing Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Fort Kent Housing Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $530K and expenses of $602K.
Revenue and Expenses
Fort Kent Housing Inc reported $530K in revenue and $602K in expenses, a deficit of $72K.
Executive Compensation
Top officer compensation appears as $500,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Fort Kent Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $481K (80%) |
Across stored filings, Fort Kent Housing Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
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Fort Kent Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fort Kent Housing Inc
Fort Kent Housing Inc (EIN: 10280430) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $530K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Kent Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Kent Housing Inc is a small nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $530K |
| Total Expenses | $602K |
| Surplus / Deficit | $-72,283 |
| Total Assets | $3.2M |
| Total Liabilities | $1.3M |
| Net Assets | $1.9M |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 40.2% |
| Months of Reserves | 62.9 months |
Financial Health Grade: B
In 2023, Fort Kent Housing Inc reported a deficit of $72K with expenses exceeding revenue, holds 62.9 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), Fort Kent Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +9.7% | -3.4% |
| 2022 | +15.0% | +2.8% | -2.4% |
| 2021 | -9.7% | +9.6% | -5.0% |
| 2020 | +7.0% | -0.8% | -0.7% |
| 2019 | +10.8% | +11.1% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1968 |
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 Kent Housing Inc with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fort Kent Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with annual revenues around $500,000.
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 Kent Housing Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most recent years, such as $601,829 expenses vs. $529,546 revenue in 2023.
- Gradual decline in total assets over the past decade, from $3,816,827 in 2014 to $3,156,334 in 2023.
Strengths
The following positive indicators were identified for Fort Kent Housing Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship.
- Maintains a substantial asset base ($3,156,334 in 2023) relative to its annual revenue, providing financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Fort Kent Housing Inc
Is Fort Kent Housing Inc a legitimate charity?
Fort Kent Housing Inc (EIN: 10280430) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $530K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fort Kent Housing Inc spend its money?
Fort Kent Housing Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fort Kent Housing Inc tax-deductible?
Fort Kent Housing Inc is registered as a tax-exempt nonprofit (EIN: 10280430). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fort Kent Housing Inc CEO make?
Fort Kent Housing Inc's highest-compensated officer earns $500,000. annually. The organization reported $530K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fort Kent Housing Inc's spending goes to programs?
Fort Kent Housing Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Fort Kent Housing Inc located?
Fort Kent Housing Inc is headquartered in Fort Kent, Maine and files with the IRS under EIN 10280430.
How many years of IRS 990 filings does Fort Kent Housing Inc have?
Fort Kent Housing Inc 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 $530K in total revenue.
Is Fort Kent Housing Inc. a good charity?
Based on the available data, Fort Kent Housing Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. While it has experienced operational deficits and a decline in assets, it maintains a substantial asset base relative to its revenue, suggesting financial stability. The lack of detailed spending breakdowns makes a full assessment of program efficiency difficult, but the absence of executive salaries is a significant positive.
Why are assets declining?
Assets have been declining primarily because the organization's expenses have consistently exceeded its revenue in most recent years. For example, in 2023, expenses were $601,829 while revenue was $529,546, resulting in a deficit that draws from existing assets. This trend has been observed in multiple periods, leading to a gradual reduction in total assets from $3,816,827 in 2014 to $3,156,334 in 2023.
How does the organization fund its operations given the deficits?
The organization funds its operations despite consistent deficits by drawing upon its existing asset base. While this is sustainable in the short to medium term due to its substantial assets ($3,156,334 in 2023), a long-term strategy to either increase revenue or reduce expenses would be beneficial to reverse the trend of declining assets.
Filing History
IRS 990 filing history for Fort Kent Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fort Kent Housing Inc's revenue has grown by 590.5%, moving from $77K to $530K. Total assets decreased by 1.9% over the same period, from $3.2M to $3.2M. Total functional expenses rose by 800.2%, from $67K to $602K. In its most recent filing year (2023), Fort Kent Housing Inc reported a deficit of $72K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $3.2M in assets (debt-to-asset ratio: 40.2%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $530K | $602K | $3.2M | $1.3M | — | — |
| 2022 | $489K | $549K | $3.3M | $1.3M | — | — |
| 2021 | $426K | $534K | $3.3M | $1.3M | — | — |
| 2020 | $471K | $487K | $3.5M | $1.4M | — | — |
| 2019 | $440K | $491K | $3.5M | $1.4M | — | View 990 |
| 2018 | $397K | $442K | $3.6M | $1.4M | — | View 990 |
| 2017 | $420K | $448K | $3.7M | $1.5M | — | View 990 |
| 2016 | $390K | $378K | $3.8M | $1.5M | — | View 990 |
| 2015 | $388K | $394K | $3.8M | $1.5M | — | View 990 |
| 2014 | $392K | $406K | $3.8M | $1.5M | — | View 990 |
| 2013 | $400K | $378K | $3.8M | $1.6M | — | View 990 |
| 2012 | $111K | $111K | $3.8M | $1.6M | — | View 990 |
| 2011 | $77K | $67K | $3.2M | $965K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $530K, expenses of $602K, and assets of $3.2M (revenue +8.2% year-over-year).
- 2022: Revenue of $489K, expenses of $549K, and assets of $3.3M (revenue +15.0% year-over-year).
- 2021: Revenue of $426K, expenses of $534K, and assets of $3.3M (revenue -9.7% year-over-year).
- 2020: Revenue of $471K, expenses of $487K, and assets of $3.5M (revenue +7.0% year-over-year).
- 2019: Revenue of $440K, expenses of $491K, and assets of $3.5M (revenue +10.8% year-over-year).
- 2018: Revenue of $397K, expenses of $442K, and assets of $3.6M (revenue -5.4% year-over-year).
- 2017: Revenue of $420K, expenses of $448K, and assets of $3.7M (revenue +7.7% year-over-year).
- 2016: Revenue of $390K, expenses of $378K, and assets of $3.8M (revenue +0.5% year-over-year).
- 2015: Revenue of $388K, expenses of $394K, and assets of $3.8M (revenue -0.9% year-over-year).
- 2014: Revenue of $392K, expenses of $406K, and assets of $3.8M (revenue -2.1% year-over-year).
- 2013: Revenue of $400K, expenses of $378K, and assets of $3.8M (revenue +261.6% year-over-year).
- 2012: Revenue of $111K, expenses of $111K, and assets of $3.8M (revenue +44.3% year-over-year).
- 2011: Revenue of $77K, expenses of $67K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Kent Housing Inc:
Data Sources and Methodology
This transparency report for Fort Kent Housing Inc 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.