Group Home Foundation Inc
Group Home Foundation Inc. reports zero revenue and assets in its latest filing, indicating dormancy after years of multi-million dollar operations.
EIN: 10343697 · Belfast, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $18.7M |
| Net Assets | $-2,029,348 |
| Transparency Score | 10/100 |
Is Group Home Foundation Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Group Home Foundation Inc
Group Home Foundation Inc (EIN: 10343697) is a nonprofit organization based in Belfast, ME. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Group Home Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Group Home Foundation Inc is a large nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -9.5%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.7M |
| Total Expenses | $18.7M |
| Surplus / Deficit | $-1,028,660 |
| Total Assets | $10.8M |
| Total Liabilities | $12.8M |
| Net Assets | $-2,029,348 |
| Operating Margin | -5.8% |
| Debt-to-Asset Ratio | 118.8% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2015, Group Home Foundation Inc reported a deficit of $1.0M with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 118.8% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Group Home Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -38.3% | -35.5% | -10.4% |
| 2014 | -23.4% | -21.6% | -17.8% |
| 2013 | +92.3% | +85.8% | -43.2% |
| 2012 | -26.3% | -23.7% | +35.5% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Group Home Foundation Inc with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Group Home Foundation Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 118.8%.
Executive Compensation Analysis
Executive compensation was consistently reported as 0% across all available filings, suggesting either a volunteer-led executive team or that compensation was categorized differently, which would require further clarification for full transparency.
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 Group Home Foundation Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential dormancy or cessation of operations.
- Historical expenses frequently exceeded revenues (e.g., $18.7M expenses vs. $17.6M revenue in 2015), raising questions about long-term financial sustainability.
- Significant liabilities historically (e.g., $12.8M in 2015) often exceeded assets, indicating a potentially leveraged financial position.
- NTEE code is unknown, which limits understanding of its specific programmatic focus.
Strengths
The following positive indicators were identified for Group Home Foundation Inc:
- Historically managed significant financial resources, with revenues reaching over $37M in 2013.
- Consistent filing of IRS 990 forms, demonstrating a commitment to regulatory compliance even in dormancy.
Frequently Asked Questions about Group Home Foundation Inc
Is Group Home Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Group Home Foundation Inc (EIN: 10343697) significant concerns. Mission Score: 10/100. 4 red flags identified, 2 strengths noted.
How does Group Home Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Group Home Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Group Home Foundation Inc tax-deductible?
Group Home Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10343697). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Group Home Foundation Inc located?
Group Home Foundation Inc is headquartered in Belfast, Maine and files with the IRS under EIN 10343697.
How many years of IRS 990 filings does Group Home Foundation Inc have?
Group Home Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What is the current operational status of Group Home Foundation Inc. given its latest $0 revenue and assets?
The latest filing indicates the organization is either dormant, dissolved, or undergoing a significant restructuring, as it reported no financial activity.
Why did Group Home Foundation Inc.'s financial activity drop from multi-million dollar operations to $0?
The IRS 990 data alone does not provide the reason for this drastic change; further inquiry with the organization or public records would be necessary.
Was Group Home Foundation Inc. financially sustainable historically, given expenses often exceeded revenues?
Historically, expenses frequently surpassed revenues (e.g., 2015, 2014, 2012), suggesting a reliance on reserves or other funding to cover shortfalls, which could indicate long-term sustainability challenges.
How did Group Home Foundation Inc. manage to operate with 0% officer compensation reported?
This could mean the executive leadership was entirely volunteer-based, or compensation was reported under other expense categories, which impacts transparency regarding leadership costs.
Filing History
IRS 990 filing history for Group Home Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Group Home Foundation Inc's revenue has declined by 33%, moving from $26.4M to $17.7M. Total assets decreased by 43.3% over the same period, from $19.1M to $10.8M. Total functional expenses fell by 28.2%, from $26.0M to $18.7M. In its most recent filing year (2015), Group Home Foundation Inc reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $12.8M in liabilities against $10.8M in assets (debt-to-asset ratio: 118.8%), resulting in net assets of $-2,029,348.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $17.7M | $18.7M | $10.8M | $12.8M | — | View 990 |
| 2014 | $28.6M | $29.0M | $12.1M | $13.1M | — | View 990 |
| 2013 | $37.4M | $37.0M | $14.7M | $15.3M | — | View 990 |
| 2012 | $19.4M | $19.9M | $25.8M | $26.9M | — | View 990 |
| 2011 | $26.4M | $26.0M | $19.1M | $19.7M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $17.7M, expenses of $18.7M, and assets of $10.8M (revenue -38.3% year-over-year).
- 2014: Revenue of $28.6M, expenses of $29.0M, and assets of $12.1M (revenue -23.4% year-over-year).
- 2013: Revenue of $37.4M, expenses of $37.0M, and assets of $14.7M (revenue +92.3% year-over-year).
- 2012: Revenue of $19.4M, expenses of $19.9M, and assets of $25.8M (revenue -26.3% year-over-year).
- 2011: Revenue of $26.4M, expenses of $26.0M, and assets of $19.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Group Home Foundation Inc:
Data Sources and Methodology
This transparency report for Group Home Foundation 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.