Housing Foundation

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Housing Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Housing Foundation 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 Housing Foundation in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Housing Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

Housing Foundation directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Housing Foundation

Housing Foundation (EIN: 223090975) is a nonprofit organization based in Orono, ME. The organization reported total revenue of $3.2M and total assets of $4.1M 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 mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Housing Foundation reported a surplus of $258K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Housing Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.

IRS Tax-Exempt Classification

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 78 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: 7%
• programs: 88%
• fundraising: 5%

According to IRS 990 filings, Housing Foundation allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 surplus of $258K, with revenue exceeding expenses.
• Debt-to-asset ratio: 10.3%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, as the 'c0%' likely refers to lobbying costs, not compensation figures. Further investigation into their Form 990 would be needed to assess executive compensation.

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:

• The provided data does not include specific executive compensation figures, making it impossible to assess this aspect of financial management.

Strengths

The following positive indicators were identified for Housing Foundation:

• Consistently high percentage of expenses dedicated to programs (e.g., 88% in 2023 based on (2637063 program expenses / 2895028 total expenses)), demonstrating a strong commitment to their mission.
• Stable revenue and asset growth over the past several years, indicating financial resilience and effective management.
• Low administrative and fundraising overhead, maximizing resources for direct services.

Frequently Asked Questions about Housing Foundation

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 (2011–2023), Housing Foundation's revenue has grown by 54.8%, moving from $1.9M to $2.9M. Total assets increased by 111.8% over the same period, from $1.8M to $3.7M. Total functional expenses rose by 48.1%, from $1.8M to $2.6M. In its most recent filing year (2023), Housing Foundation reported a surplus of $258K, with revenue exceeding expenses. The organization holds $385K in liabilities against $3.7M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $3.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $2.9M, expenses of $2.6M, and assets of $3.7M (revenue +2.3% year-over-year).
• 2022: Revenue of $2.8M, expenses of $2.4M, and assets of $3.1M (revenue +0.6% year-over-year).
• 2021: Revenue of $2.8M, expenses of $2.2M, and assets of $2.7M (revenue +18.0% year-over-year).
• 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $2.5M (revenue -0.5% year-over-year).
• 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $2.1M (revenue +1.5% year-over-year).
• 2018: Revenue of $2.4M, expenses of $2.3M, and assets of $2.1M (revenue +0.6% year-over-year).
• 2017: Revenue of $2.3M, expenses of $2.2M, and assets of $2.1M (revenue -5.8% year-over-year).
• 2016: Revenue of $2.5M, expenses of $2.4M, and assets of $2.1M (revenue +3.6% year-over-year).
• 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $2.0M (revenue +9.0% year-over-year).
• 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $1.9M (revenue +8.2% year-over-year).
• 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $1.9M (revenue +7.5% year-over-year).
• 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $1.8M (revenue +1.4% year-over-year).
• 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $1.8M.

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.