Housing Foundation
Housing Foundation maintains stable operations with consistent revenue exceeding expenses, but faces persistent asset-liability imbalance.
EIN: 10403876 · Orono, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $234K |
| Program Spending | 80% |
| Net Assets | $-177,904 |
| Transparency Score | 65/100 |
Is Housing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Foundation
Housing Foundation (EIN: 10403876) is a nonprofit organization based in Orono, ME, classified under NTEE code L22Z. The organization reported total revenue of $314K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Foundation is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $290K |
| Total Expenses | $234K |
| Surplus / Deficit | +$56K |
| Total Assets | $1.1M |
| Total Liabilities | $1.3M |
| Net Assets | $-177,904 |
| Operating Margin | 19.3% |
| Debt-to-Asset Ratio | 115.8% |
| Months of Reserves | 57.7 months |
Financial Health Grade: A
In 2024, Housing Foundation reported a surplus of $56K with revenue exceeding expenses, holds 57.7 months of operating reserves (strong position), has a debt-to-asset ratio of 115.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Housing Foundation's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.7% | -9.0% | +2.1% |
| 2023 | +10.0% | +6.5% | -1.0% |
| 2022 | -2.4% | +9.2% | -2.2% |
| 2021 | -5.3% | -15.2% | +0.3% |
| 2020 | +9.3% | +3.1% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
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 Housing Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Housing Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 115.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through non-officer roles, which is a positive for resource allocation but could obscure true administrative costs if compensation is hidden.
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 Housing Foundation's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a potential long-term solvency risk or significant reliance on debt.
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Housing Foundation:
- Consistent revenue generation, generally exceeding expenses, indicating operational stability.
- Zero reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to regulatory compliance and basic transparency.
- Stable asset base over time, indicating consistent resource management.
Frequently Asked Questions about Housing Foundation
Is Housing Foundation a legitimate charity?
Housing Foundation (EIN: 10403876) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $314K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Housing Foundation spend its money?
Housing Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Housing Foundation tax-deductible?
Housing Foundation is registered as a tax-exempt nonprofit (EIN: 10403876). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Foundation's spending goes to programs?
Housing Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Housing Foundation is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Foundation located?
Housing Foundation is headquartered in Orono, Maine and files with the IRS under EIN 10403876. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Housing Foundation have?
Housing Foundation 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 $314K in total revenue.
What is the nature of the Housing Foundation's liabilities, which consistently exceed its assets?
The provided data shows liabilities consistently higher than assets (e.g., $1,300,822 liabilities vs. $1,122,918 assets in 202406). Understanding the composition of these liabilities (e.g., mortgages, program-related debt, deferred revenue) is crucial for a complete financial picture.
How does the Housing Foundation allocate its expenses between program services, administrative costs, and fundraising efforts?
Without a functional expense breakdown, it's difficult to ascertain the exact percentage of funds directly supporting its housing mission versus overhead. This information is vital for assessing spending efficiency.
Given the NTEE code L22Z (Housing Support, n.e.c.), what specific programs or services does the Housing Foundation provide?
While the NTEE code indicates housing support, specific program details would help evaluate the impact and effectiveness of the organization's spending.
Filing History
IRS 990 filing history for Housing Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Housing Foundation's revenue has grown by 15%, moving from $252K to $290K. Total assets increased by 166.7% over the same period, from $421K to $1.1M. Total functional expenses rose by 0.8%, from $232K to $234K. In its most recent filing year (2024), Housing Foundation reported a surplus of $56K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $1.1M in assets (debt-to-asset ratio: 115.8%), resulting in net assets of $-177,904.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $290K | $234K | $1.1M | $1.3M | — | — |
| 2023 | $274K | $257K | $1.1M | $1.3M | — | View 990 |
| 2022 | $249K | $241K | $1.1M | $1.4M | — | View 990 |
| 2021 | $255K | $221K | $1.1M | $1.4M | — | View 990 |
| 2020 | $270K | $260K | $1.1M | $1.4M | — | View 990 |
| 2019 | $247K | $253K | $1.2M | $1.5M | — | View 990 |
| 2018 | $241K | $237K | $1.2M | $1.5M | — | View 990 |
| 2017 | $237K | $235K | $1.2M | $1.5M | — | View 990 |
| 2016 | $219K | $236K | $1.2M | $1.5M | — | View 990 |
| 2015 | $252K | $247K | $1.3M | $1.6M | — | View 990 |
| 2014 | $247K | $235K | $1.3M | $1.6M | — | View 990 |
| 2013 | $203K | $231K | $1.3M | $1.6M | — | View 990 |
| 2012 | $252K | $232K | $421K | $698K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $290K, expenses of $234K, and assets of $1.1M (revenue +5.7% year-over-year).
- 2023: Revenue of $274K, expenses of $257K, and assets of $1.1M (revenue +10.0% year-over-year).
- 2022: Revenue of $249K, expenses of $241K, and assets of $1.1M (revenue -2.4% year-over-year).
- 2021: Revenue of $255K, expenses of $221K, and assets of $1.1M (revenue -5.3% year-over-year).
- 2020: Revenue of $270K, expenses of $260K, and assets of $1.1M (revenue +9.3% year-over-year).
- 2019: Revenue of $247K, expenses of $253K, and assets of $1.2M (revenue +2.2% year-over-year).
- 2018: Revenue of $241K, expenses of $237K, and assets of $1.2M (revenue +1.7% year-over-year).
- 2017: Revenue of $237K, expenses of $235K, and assets of $1.2M (revenue +8.1% year-over-year).
- 2016: Revenue of $219K, expenses of $236K, and assets of $1.2M (revenue -12.9% year-over-year).
- 2015: Revenue of $252K, expenses of $247K, and assets of $1.3M (revenue +1.9% year-over-year).
- 2014: Revenue of $247K, expenses of $235K, and assets of $1.3M (revenue +21.8% year-over-year).
- 2013: Revenue of $203K, expenses of $231K, and assets of $1.3M (revenue -19.5% year-over-year).
- 2012: Revenue of $252K, expenses of $232K, and assets of $421K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Foundation:
Data Sources and Methodology
This transparency report for Housing Foundation 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.