Housing Foundation
Housing Foundation: Stable Operations, Modest Growth, and Strong Program Focus
EIN: 223090975 · Orono, ME · Updated: 2026-04-04
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.
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.
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
What does Housing Foundation do?
Housing Foundation is a nonprofit organization in the Unknown sector, located in Orono, Maine. It is classified under NTEE code Unknown.
How much revenue does Housing Foundation have?
Housing Foundation reported total revenue of $3,232,563. Based on 13 IRS 990 filings on record.
What are Housing Foundation's total assets?
Housing Foundation holds total assets of $4,116,886 as reported in IRS 990 filings.
Where is Housing Foundation located?
Housing Foundation is based in Orono, Maine.
What is Housing Foundation's EIN?
Housing Foundation's Employer Identification Number (EIN) is 223090975. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing Foundation?
Housing Foundation is classified under NTEE code Unknown (Unknown).
Is Housing Foundation a registered 501(c)(3)?
Housing Foundation appears in IRS records (EIN: 223090975). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Housing Foundation file IRS Form 990?
Yes, Housing Foundation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Housing Foundation's revenue in 2023?
In the 202309 filing period, Housing Foundation reported total revenue of $2,895,028, total expenses of $2,637,063, and net assets of $3,732,139.
Is Housing Foundation's revenue growing or declining?
Housing Foundation's revenue is relatively stable. Revenue went from $2,829,758 (202209) to $2,895,028 (202309), a +2.3% change. Based on 13 filings on record.
What is Housing Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for Housing Foundation covers tax period 202309. It shows revenue of $2,895,028, expenses of $2,637,063, total assets of $3,732,139, and liabilities of $384,669.
How much does Housing Foundation spend on programs vs administration?
Based on IRS 990 analysis, Housing Foundation allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Housing Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing Foundation appears trustworthy. Mission Score: 78/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Housing Foundation?
The following concerns were identified: The provided data does not include specific executive compensation figures, making it impossible to assess this aspect of financial management.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Housing Foundation's strengths?
Positive indicators for Housing Foundation include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing Foundation compensate executives?
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 disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' in lobbying, what specific strategies does Housing Foundation employ to achieve its mission without direct legislative advocacy?
The consistent 0% lobbying cost suggests Housing Foundation primarily focuses on direct service delivery and community support rather than influencing policy. Their strategies likely involve direct housing assistance, community development programs, and partnerships with local government or other non-profits that handle advocacy.
How does Housing Foundation manage to maintain such a high program spending ratio while also showing consistent asset growth?
Maintaining a high program spending ratio alongside asset growth suggests efficient operational management, potentially through strong grant writing, diverse funding streams, and prudent investment of reserves. It indicates they are not sacrificing long-term stability for short-term program delivery.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.6M | $3.7M | $385K | — | View 990 |
| 2022 | $2.8M | $2.4M | $3.1M | $44K | — | View 990 |
| 2021 | $2.8M | $2.2M | $2.7M | $54K | — | View 990 |
| 2020 | $2.4M | $2.3M | $2.5M | $464K | — | View 990 |
| 2019 | $2.4M | $2.3M | $2.1M | $272K | — | View 990 |
| 2018 | $2.4M | $2.3M | $2.1M | $337K | — | View 990 |
| 2017 | $2.3M | $2.2M | $2.1M | $441K | — | View 990 |
| 2016 | $2.5M | $2.4M | $2.1M | $515K | — | View 990 |
| 2015 | $2.4M | $2.3M | $2.0M | $589K | — | View 990 |
| 2014 | $2.2M | $2.1M | $1.9M | $588K | — | View 990 |
| 2013 | $2.0M | $2.0M | $1.9M | $708K | — | View 990 |
| 2012 | $1.9M | $1.8M | $1.8M | $626K | — | View 990 |
| 2011 | $1.9M | $1.8M | $1.8M | $681K | — | View 990 |
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.
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.