Frye School Housing Development Inc
Frye School Housing Development Inc consistently operates at a deficit with volunteer leadership.
EIN: 10522954 · Lewiston, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $287K |
| Total Expenses | $296K |
| Program Spending | 90% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Frye School Housing Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Frye School Housing Development Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Frye School Housing Development Inc
Frye School Housing Development Inc (EIN: 10522954) is a nonprofit organization based in Lewiston, ME, classified under NTEE code L22. The organization reported total revenue of $287K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Frye School Housing Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Frye School Housing Development Inc is a small nonprofit that has been operating for 27 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $296K |
| Surplus / Deficit | $-34,056 |
| Total Assets | $1.4M |
| Total Liabilities | $25K |
| Net Assets | $1.4M |
| Operating Margin | -13.0% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 57.2 months |
Financial Health Grade: B
In 2023, Frye School Housing Development Inc reported a deficit of $34K with expenses exceeding revenue, holds 57.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Frye School Housing Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | +6.2% | -2.1% |
| 2022 | +1.4% | +9.2% | -1.6% |
| 2021 | +7.7% | +1.9% | +0.4% |
| 2020 | +6.4% | -4.3% | -1.6% |
| 2019 | +0.3% | +0.3% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Frye School Housing Development Inc with a Mission Score of 85 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, Frye School Housing Development Inc 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 deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Frye School Housing Development Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in all reported periods.
- Declining asset base over the past decade, from $1,664,446 in 2014 to $1,403,307 currently.
Strengths
The following positive indicators were identified for Frye School Housing Development Inc:
- Zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Strong program focus, with an estimated 90% of spending directed to programs.
- Low liabilities relative to assets, suggesting good financial management of debt.
Frequently Asked Questions about Frye School Housing Development Inc
Is Frye School Housing Development Inc a legitimate charity?
Frye School Housing Development Inc (EIN: 10522954) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $287K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Frye School Housing Development Inc spend its money?
Frye School Housing Development Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Frye School Housing Development Inc tax-deductible?
Frye School Housing Development Inc is registered as a tax-exempt nonprofit (EIN: 10522954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Frye School Housing Development Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Frye School Housing Development Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Frye School Housing Development Inc located?
Frye School Housing Development Inc is headquartered in Lewiston, Maine and files with the IRS under EIN 10522954. It is classified under NTEE code L22.
How many years of IRS 990 filings does Frye School Housing Development Inc have?
Frye School Housing Development Inc has 12 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 $287K in total revenue.
Is Frye School Housing Development Inc financially sustainable given its consistent deficits?
The organization has consistently spent more than it earned, with expenses exceeding revenue in every reported period. While current assets are substantial, this trend could impact long-term financial sustainability if not addressed.
How does the lack of officer compensation impact the organization's operations?
The absence of officer compensation suggests a highly dedicated volunteer leadership, which allows a greater proportion of funds to be directed towards program services and reduces administrative overhead.
What is the primary source of funding for Frye School Housing Development Inc?
Based on the NTEE code L22 (Housing Development, Construction & Management), it is likely that rental income, grants, or government subsidies are primary revenue sources, though specific details are not provided in the summary data.
Filing History
IRS 990 filing history for Frye School Housing Development Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Frye School Housing Development Inc's revenue has grown by 44.2%, moving from $182K to $262K. Total assets decreased by 19.2% over the same period, from $1.7M to $1.4M. Total functional expenses rose by 39.8%, from $212K to $296K. In its most recent filing year (2023), Frye School Housing Development Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $25K in liabilities against $1.4M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $262K | $296K | $1.4M | $25K | — | View 990 |
| 2022 | $259K | $278K | $1.4M | $21K | — | View 990 |
| 2021 | $256K | $255K | $1.5M | $26K | — | View 990 |
| 2020 | $238K | $250K | $1.5M | $21K | — | View 990 |
| 2019 | $223K | $261K | $1.5M | $31K | — | View 990 |
| 2018 | $223K | $261K | $1.5M | $34K | — | — |
| 2017 | $224K | $256K | $1.6M | $27K | — | View 990 |
| 2016 | $195K | $255K | $1.6M | $51K | — | View 990 |
| 2015 | $199K | $225K | $1.6M | $18K | — | View 990 |
| 2014 | $194K | $227K | $1.7M | $20K | — | View 990 |
| 2013 | $198K | $244K | $1.7M | $22K | — | View 990 |
| 2012 | $182K | $212K | $1.7M | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $262K, expenses of $296K, and assets of $1.4M (revenue +1.0% year-over-year).
- 2022: Revenue of $259K, expenses of $278K, and assets of $1.4M (revenue +1.4% year-over-year).
- 2021: Revenue of $256K, expenses of $255K, and assets of $1.5M (revenue +7.7% year-over-year).
- 2020: Revenue of $238K, expenses of $250K, and assets of $1.5M (revenue +6.4% year-over-year).
- 2019: Revenue of $223K, expenses of $261K, and assets of $1.5M (revenue +0.3% year-over-year).
- 2018: Revenue of $223K, expenses of $261K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2017: Revenue of $224K, expenses of $256K, and assets of $1.6M (revenue +14.7% year-over-year).
- 2016: Revenue of $195K, expenses of $255K, and assets of $1.6M (revenue -1.9% year-over-year).
- 2015: Revenue of $199K, expenses of $225K, and assets of $1.6M (revenue +2.6% year-over-year).
- 2014: Revenue of $194K, expenses of $227K, and assets of $1.7M (revenue -2.1% year-over-year).
- 2013: Revenue of $198K, expenses of $244K, and assets of $1.7M (revenue +9.0% year-over-year).
- 2012: Revenue of $182K, expenses of $212K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Frye School Housing Development Inc:
Data Sources and Methodology
This transparency report for Frye School Housing Development 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.