Home Builders Association Of Maine Inc

Home Builders Association Of Maine Inc faces declining revenue and recurring operational deficits.

EIN: 10314565 · Scarborough, ME · NTEE: Y03 · Updated: 2026-03-28

$46KRevenue

$16KAssets

65/100Mission Score (Good)

Y03

About Home Builders Association Of Maine Inc

Home Builders Association Of Maine Inc (EIN: 10314565) is a nonprofit organization based in Scarborough, ME, classified under NTEE code Y03. The organization reported total revenue of $46K and total assets of $16K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Builders Association Of Maine Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Home Builders Association Of Maine Inc appears to be a small organization with fluctuating financial health over the past few years. Revenue has generally declined from $80,912 in 2012 to $46,390 in the latest period, and the organization has frequently operated at a deficit, with expenses exceeding revenue in three out of the four reported periods (2015, 2013, 2012). This trend suggests potential sustainability challenges if not addressed. Assets have also seen a significant decline from a high of $32,191 in 2014 to $15,560 currently, indicating a reduction in financial reserves.

Given the available data, it's challenging to fully assess spending efficiency without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operational deficits raise concerns about how effectively resources are being managed relative to incoming funds. The organization's transparency is good in terms of making its 990 filings available, and the reported 0% officer compensation across all periods indicates that executive pay is not a drain on resources, which is a positive sign for a nonprofit of this size.

Overall, while the lack of officer compensation is a strength, the declining revenue and recurring deficits suggest that the organization needs to stabilize its financial position to ensure long-term viability and impact. A deeper dive into expense categories would be beneficial to understand where the majority of spending occurs and identify areas for potential efficiency improvements.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Home Builders Association Of Maine Inc 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Home Builders Association Of Maine Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is highly favorable for an organization of this 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 Home Builders Association Of Maine Inc's IRS 990 filings:

Declining revenue trend from $80,912 in 2012 to $46,390 currently.
Frequent operational deficits, with expenses exceeding revenue in 3 out of 4 reported periods.
Significant decline in assets from $32,191 in 2014 to $15,560 in the latest period.

Strengths

The following positive indicators were identified for Home Builders Association Of Maine Inc:

0% officer compensation reported across all filings, indicating no executive pay burden.
Consistent filing of IRS 990 forms, demonstrating transparency.

Frequently Asked Questions about Home Builders Association Of Maine Inc

Is Home Builders Association Of Maine Inc financially stable?

Based on the IRS 990 data, the organization has experienced declining revenue from $80,912 in 2012 to $46,390 in the latest period and has operated at a deficit in three out of four reported years, suggesting potential financial instability.

How does the organization manage its expenses?

While specific expense breakdowns are not provided in the summary, the organization's expenses have frequently exceeded its revenue, such as $56,098 in expenses against $47,178 in revenue in 2015, indicating a need for better expense management relative to income.

What is the trend in the organization's assets?

The organization's assets have generally declined from a high of $32,191 in 2014 to $15,560 in the latest period, which could limit its capacity for future operations or investments.

Filing History

IRS 990 filing history for Home Builders Association Of Maine Inc showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2012–2015), Home Builders Association Of Maine Inc's revenue has declined by 41.7%, moving from $81K to $47K. Total assets increased by 44.1% over the same period, from $16K to $23K. Total functional expenses fell by 36.3%, from $88K to $56K. In its most recent filing year (2015), Home Builders Association Of Maine Inc reported a deficit of $9K, with expenses exceeding revenue. The organization holds $727 in liabilities against $23K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $22K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2015	$47K	$56K	$23K	$727	—	View 990
2014	$56K	$31K	$32K	$1K	—	View 990
2013	$64K	$73K	$7K	$0	—	View 990
2012	$81K	$88K	$16K	$56	—	View 990

Year-by-Year Financial Summary

2015: Revenue of $47K, expenses of $56K, and assets of $23K (revenue -16.1% year-over-year).
2014: Revenue of $56K, expenses of $31K, and assets of $32K (revenue -12.3% year-over-year).
2013: Revenue of $64K, expenses of $73K, and assets of $7K (revenue -20.8% year-over-year).
2012: Revenue of $81K, expenses of $88K, and assets of $16K.

Data Sources and Methodology

This transparency report for Home Builders Association Of Maine 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.