Howland Housing Corporation
Howland Housing Corporation faces recent operating deficits despite consistent revenue, with assets declining over the past decade.
EIN: 10340261 · Howland, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $122K |
| Program Spending | 80% |
| Net Assets | $101K |
| Transparency Score | 65/100 |
Is Howland Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Howland Housing Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Howland Housing Corporation
Howland Housing Corporation (EIN: 10340261) is a nonprofit organization based in Howland, ME, classified under NTEE code L22. The organization reported total revenue of $116K and total assets of $115K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Howland Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Howland Housing Corporation is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $122K |
| Surplus / Deficit | $-5,487 |
| Total Assets | $107K |
| Total Liabilities | $6K |
| Net Assets | $101K |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Howland Housing Corporation reported a deficit of $5K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Howland Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +4.6% | -12.9% |
| 2022 | -1.3% | +18.7% | -13.5% |
| 2021 | -1.3% | +3.9% | +0.8% |
| 2020 | +4.0% | -23.6% | +4.8% |
| 2019 | +7.8% | +9.2% | -16.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Howland Housing Corporation 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, Howland Housing Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not directly compensated, which is highly unusual for an organization of this size and suggests a volunteer-led or very lean administrative structure.
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 Howland Housing Corporation's IRS 990 filings:
- Expenses exceeded revenue in multiple recent years (e.g., 2023, 2022, 2019, 2018), indicating potential operational deficits.
- Significant decline in total assets over the past decade, from $189,199 in 2014 to $106,589 in 2023.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data makes a full efficiency assessment challenging.
Strengths
The following positive indicators were identified for Howland Housing Corporation:
- Consistent revenue generation, typically above $100,000 annually.
- Zero reported officer compensation across all filings, suggesting very low executive overhead.
- Consistent IRS 990 filing history (13 filings), indicating good transparency.
- Significant reduction in liabilities from $108,177 in 2014 to $5,939 in 2023.
Frequently Asked Questions about Howland Housing Corporation
Is Howland Housing Corporation a legitimate charity?
Howland Housing Corporation (EIN: 10340261) 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: $116K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Howland Housing Corporation spend its money?
Howland Housing Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Howland Housing Corporation tax-deductible?
Howland Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10340261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Howland Housing Corporation's spending goes to programs?
Howland Housing Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Howland Housing Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Howland Housing Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Howland Housing Corporation located?
Howland Housing Corporation is headquartered in Howland, Maine and files with the IRS under EIN 10340261. It is classified under NTEE code L22.
How many years of IRS 990 filings does Howland Housing Corporation have?
Howland Housing Corporation 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 $116K in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed functional expense breakdown, making it difficult to precisely assess spending efficiency beyond the overall revenue and expense figures.
Why have assets declined significantly from $189,199 in 2014 to $106,589 in 2023?
The decline in assets appears to correlate with periods where expenses exceeded revenue, such as in 2023, 2022, 2019, and 2018, suggesting the organization may be drawing down reserves to cover operational costs.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation implies that key leadership roles are either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a significant factor in managing administrative costs.
What is the primary source of the organization's revenue?
The provided data only shows total revenue figures; specific sources (e.g., grants, donations, program service fees) are not detailed in this summary.
Filing History
IRS 990 filing history for Howland Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Howland Housing Corporation's revenue has grown by 19%, moving from $98K to $117K. Total assets decreased by 53.7% over the same period, from $230K to $107K. Total functional expenses rose by 21%, from $101K to $122K. In its most recent filing year (2023), Howland Housing Corporation reported a deficit of $5K, with expenses exceeding revenue. The organization holds $6K in liabilities against $107K in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $101K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $117K | $122K | $107K | $6K | — | View 990 |
| 2022 | $110K | $117K | $122K | $16K | — | View 990 |
| 2021 | $111K | $98K | $141K | $28K | — | — |
| 2020 | $112K | $95K | $140K | $40K | — | View 990 |
| 2019 | $108K | $124K | $134K | $52K | — | View 990 |
| 2018 | $100K | $113K | $161K | $63K | — | View 990 |
| 2017 | $100K | $91K | $185K | $74K | — | View 990 |
| 2016 | $94K | $84K | $187K | $85K | — | View 990 |
| 2015 | $105K | $93K | $189K | $96K | — | View 990 |
| 2014 | $98K | $95K | $189K | $108K | — | View 990 |
| 2013 | $99K | $105K | $197K | $119K | — | View 990 |
| 2012 | $97K | $103K | $213K | $129K | — | View 990 |
| 2011 | $98K | $101K | $230K | $140K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $117K, expenses of $122K, and assets of $107K (revenue +6.4% year-over-year).
- 2022: Revenue of $110K, expenses of $117K, and assets of $122K (revenue -1.3% year-over-year).
- 2021: Revenue of $111K, expenses of $98K, and assets of $141K (revenue -1.3% year-over-year).
- 2020: Revenue of $112K, expenses of $95K, and assets of $140K (revenue +4.0% year-over-year).
- 2019: Revenue of $108K, expenses of $124K, and assets of $134K (revenue +7.8% year-over-year).
- 2018: Revenue of $100K, expenses of $113K, and assets of $161K (revenue +0.6% year-over-year).
- 2017: Revenue of $100K, expenses of $91K, and assets of $185K (revenue +6.6% year-over-year).
- 2016: Revenue of $94K, expenses of $84K, and assets of $187K (revenue -10.4% year-over-year).
- 2015: Revenue of $105K, expenses of $93K, and assets of $189K (revenue +7.1% year-over-year).
- 2014: Revenue of $98K, expenses of $95K, and assets of $189K (revenue -1.9% year-over-year).
- 2013: Revenue of $99K, expenses of $105K, and assets of $197K (revenue +2.3% year-over-year).
- 2012: Revenue of $97K, expenses of $103K, and assets of $213K (revenue -0.7% year-over-year).
- 2011: Revenue of $98K, expenses of $101K, and assets of $230K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Howland Housing Corporation:
Data Sources and Methodology
This transparency report for Howland Housing Corporation 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.