Housing Initiatives Of New England
Housing Initiatives Of New England: Focused on Programs with Transparent Spending
EIN: 223100803 · Scarborough, ME · NTEE: L99Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $3.2M |
| Program Spending | 65% |
| Net Assets | $98.3M |
| Transparency Score | 87/100 |
Is Housing Initiatives Of New England Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Initiatives Of New England directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Housing Initiatives Of New England
Housing Initiatives Of New England (EIN: 223100803) is a nonprofit organization based in Scarborough, ME, classified under NTEE code L99Z. The organization reported total revenue of $6.2M and total assets of $106.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Initiatives Of New England's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Initiatives Of New England is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $30.6M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$27.4M |
| Total Assets | $101.5M |
| Total Liabilities | $3.3M |
| Net Assets | $98.3M |
| Operating Margin | 89.5% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 381.0 months |
Financial Health Grade: A
In 2023, Housing Initiatives Of New England reported a surplus of $27.4M with revenue exceeding expenses, holds 381.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Initiatives Of New England's revenue has grown at a compound annual growth rate (CAGR) of 15.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.2% | -16.9% | +26.6% |
| 2022 | +79.4% | +7.5% | +5.9% |
| 2021 | -28.8% | -9.1% | +6.9% |
| 2020 | +63.9% | +0.2% | +6.7% |
| 2019 | -47.7% | -4.3% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Initiatives Of New England with a Mission Score of 87 out of 100 (Excellent). 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: 65%
- fundraising: 20%
According to IRS 990 filings, Housing Initiatives Of New England allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.2%.
Executive Compensation Analysis
Executive compensation is aligned with the organization's mission, with no excessive salaries reported.
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 Initiatives Of New England's IRS 990 filings:
- No significant changes in spending categories over the past five years, indicating consistent focus.
Strengths
The following positive indicators were identified for Housing Initiatives Of New England:
- High percentage of funds allocated to programs, demonstrating a commitment to housing initiatives.
Frequently Asked Questions about Housing Initiatives Of New England
Is Housing Initiatives Of New England a legitimate charity?
Housing Initiatives Of New England (EIN: 223100803) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.2M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Housing Initiatives Of New England spend its money?
Housing Initiatives Of New England directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Housing Initiatives Of New England tax-deductible?
Housing Initiatives Of New England is registered as a tax-exempt nonprofit (EIN: 223100803). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Initiatives Of New England's spending goes to programs?
Housing Initiatives Of New England directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Housing Initiatives Of New England compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Housing Initiatives Of New England is above average for NTEE category L99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Initiatives Of New England located?
Housing Initiatives Of New England is headquartered in Scarborough, Maine and files with the IRS under EIN 223100803. It is classified under NTEE code L99Z.
How many years of IRS 990 filings does Housing Initiatives Of New England have?
Housing Initiatives Of New England 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 $6.2M in total revenue.
What does Housing Initiatives Of New England do?
Housing Initiatives Of New England is a nonprofit organization in the Housing & Shelter sector, located in Scarborough, Maine. It is classified under NTEE code L99Z.
How much revenue does Housing Initiatives Of New England have?
Housing Initiatives Of New England reported total revenue of $6,184,582. Based on 13 IRS 990 filings on record.
What are Housing Initiatives Of New England's total assets?
Housing Initiatives Of New England holds total assets of $105,986,207 as reported in IRS 990 filings.
Where is Housing Initiatives Of New England located?
Housing Initiatives Of New England is based in Scarborough, Maine.
What is Housing Initiatives Of New England's EIN?
Housing Initiatives Of New England's Employer Identification Number (EIN) is 223100803. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing Initiatives Of New England?
Housing Initiatives Of New England is classified under NTEE code L99Z (Housing & Shelter).
Is Housing Initiatives Of New England a registered 501(c)(3)?
Yes, Housing Initiatives Of New England is recognized as a tax-exempt organization by the IRS. EIN: 223100803.
Does Housing Initiatives Of New England file IRS Form 990?
Yes, Housing Initiatives Of New England has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Housing Initiatives Of New England's revenue in 2023?
In the 202312 filing period, Housing Initiatives Of New England reported total revenue of $30,556,443, total expenses of $3,197,692, and net assets of $101,529,619.
Is Housing Initiatives Of New England's revenue growing or declining?
Housing Initiatives Of New England's revenue is growing. Revenue went from $12,614,146 (202212) to $30,556,443 (202312), a +142.2% change. Based on 13 filings on record.
What is Housing Initiatives Of New England's most recent 990 filing?
The most recent IRS Form 990 filing for Housing Initiatives Of New England covers tax period 202312. It shows revenue of $30,556,443, expenses of $3,197,692, total assets of $101,529,619, and liabilities of $3,279,511.
How much does Housing Initiatives Of New England spend on programs vs administration?
Based on IRS 990 analysis, Housing Initiatives Of New England allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Housing Initiatives Of New England a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing Initiatives Of New England appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Housing Initiatives Of New England?
The following concerns were identified: No significant changes in spending categories over the past five years, indicating consistent focus.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Housing Initiatives Of New England's strengths?
Positive indicators for Housing Initiatives Of New England include: High percentage of funds allocated to programs, demonstrating a commitment to housing initiatives.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing Initiatives Of New England compensate executives?
Executive compensation is aligned with the organization's mission, with no excessive salaries reported. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs does Housing Initiatives of New England fund?
The organization primarily funds housing development and support programs, with a focus on affordable housing projects and community development initiatives.
How does the organization ensure transparency in its spending?
Housing Initiatives of New England provides detailed annual reports that break down spending into clear categories, ensuring donors and stakeholders can easily understand where funds are allocated.
What is the organization's approach to administrative costs?
Administrative costs are kept to a minimum, reflecting a commitment to efficient operations and maximizing resources for housing initiatives.
Filing History
IRS 990 filing history for Housing Initiatives Of New England showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Initiatives Of New England's revenue has grown by 458.3%, moving from $5.5M to $30.6M. Total assets increased by 108.6% over the same period, from $48.7M to $101.5M. Total functional expenses fell by 27.4%, from $4.4M to $3.2M. In its most recent filing year (2023), Housing Initiatives Of New England reported a surplus of $27.4M, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $101.5M in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $98.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $30.6M | $3.2M | $101.5M | $3.3M | — | View 990 |
| 2022 | $12.6M | $3.8M | $80.2M | $11.3M | — | — |
| 2021 | $7.0M | $3.6M | $75.7M | $11.8M | — | View 990 |
| 2020 | $9.9M | $3.9M | $70.8M | $11.5M | — | — |
| 2019 | $6.0M | $3.9M | $66.4M | $14.6M | — | View 990 |
| 2018 | $11.5M | $4.1M | $60.1M | $12.1M | — | View 990 |
| 2017 | $5.7M | $5.0M | $58.1M | $16.2M | — | View 990 |
| 2016 | $6.9M | $4.8M | $56.7M | $16.5M | — | View 990 |
| 2015 | $6.5M | $4.3M | $54.2M | $16.5M | — | View 990 |
| 2014 | $8.7M | $5.2M | $52.9M | $17.1M | — | View 990 |
| 2013 | $5.5M | $4.9M | $51.1M | $18.9M | — | View 990 |
| 2012 | $5.4M | $4.8M | $49.6M | $18.9M | — | View 990 |
| 2011 | $5.5M | $4.4M | $48.7M | $19.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.6M, expenses of $3.2M, and assets of $101.5M (revenue +142.2% year-over-year).
- 2022: Revenue of $12.6M, expenses of $3.8M, and assets of $80.2M (revenue +79.4% year-over-year).
- 2021: Revenue of $7.0M, expenses of $3.6M, and assets of $75.7M (revenue -28.8% year-over-year).
- 2020: Revenue of $9.9M, expenses of $3.9M, and assets of $70.8M (revenue +63.9% year-over-year).
- 2019: Revenue of $6.0M, expenses of $3.9M, and assets of $66.4M (revenue -47.7% year-over-year).
- 2018: Revenue of $11.5M, expenses of $4.1M, and assets of $60.1M (revenue +102.5% year-over-year).
- 2017: Revenue of $5.7M, expenses of $5.0M, and assets of $58.1M (revenue -17.9% year-over-year).
- 2016: Revenue of $6.9M, expenses of $4.8M, and assets of $56.7M (revenue +6.7% year-over-year).
- 2015: Revenue of $6.5M, expenses of $4.3M, and assets of $54.2M (revenue -25.5% year-over-year).
- 2014: Revenue of $8.7M, expenses of $5.2M, and assets of $52.9M (revenue +58.9% year-over-year).
- 2013: Revenue of $5.5M, expenses of $4.9M, and assets of $51.1M (revenue +2.5% year-over-year).
- 2012: Revenue of $5.4M, expenses of $4.8M, and assets of $49.6M (revenue -2.1% year-over-year).
- 2011: Revenue of $5.5M, expenses of $4.4M, and assets of $48.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Initiatives Of New England:
Data Sources and Methodology
This transparency report for Housing Initiatives Of New England 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.