Island Falls Housing Corp
Island Falls Housing Corp maintains stable operations with no executive compensation, showing consistent revenue growth and reduced liabilities.
EIN: 10365386 · Caribou, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $332K |
| Total Expenses | $271K |
| Program Spending | 90% |
| Net Assets | $305K |
| Transparency Score | 92/100 |
Search Intent Cockpit
Island Falls Housing Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals
Island Falls Housing Corp 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 Island Falls Housing Corp in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $333K and expenses of $271K.
Revenue and Expenses
Island Falls Housing Corp reported $333K in revenue and $271K in expenses, a surplus of $62K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Island Falls Housing Corp Legit?
Appears Legitimate
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
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $244K (90%) |
Across stored filings, Island Falls Housing Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Maine Composite Materials Applied Technology Development Center →All Maine nonprofits
Local and Sector Spokes
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Caribou, ME nonprofitsFollow the Money
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Donation Decision Flow
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Verify
Appears Legitimate. Check deductibility, filings, and red flags.
2Understand money
90% of spending goes to programs.
3Compare
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4Decide
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Keep the Investigation Moving
Island Falls Housing Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Island Falls Housing Corp
Island Falls Housing Corp (EIN: 10365386) is a nonprofit organization based in Caribou, ME. The organization reported total revenue of $332K and total assets of $459K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Falls Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Falls Housing Corp is a small 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 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $333K |
| Total Expenses | $271K |
| Surplus / Deficit | +$62K |
| Total Assets | $487K |
| Total Liabilities | $181K |
| Net Assets | $305K |
| Operating Margin | 18.5% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 21.5 months |
Financial Health Grade: A
In 2023, Island Falls Housing Corp reported a surplus of $62K with revenue exceeding expenses, holds 21.5 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Island Falls Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.6% | -11.9% | +7.2% |
| 2022 | +13.1% | +21.7% | -7.9% |
| 2021 | +2.3% | +6.4% | -2.6% |
| 2020 | +5.5% | -0.6% | -1.3% |
| 2019 | -0.4% | -3.4% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| 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 Island Falls Housing Corp with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Island Falls Housing Corp allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $62K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.2%.
Executive Compensation Analysis
Island Falls Housing Corp consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for an organization of its size.
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.
Strengths
The following positive indicators were identified for Island Falls Housing Corp:
- Consistent 0% officer compensation, indicating strong mission focus.
- Stable and growing revenue stream, from $232,225 in 2014 to $332,558 in 2023.
- Significant reduction in liabilities, from $381,673 in 2014 to $181,244 in 2023.
- Generally operates with a surplus, as seen in 2023 with revenue exceeding expenses by over $61,000.
- High transparency due to consistent and clear financial reporting.
Frequently Asked Questions about Island Falls Housing Corp
Is Island Falls Housing Corp a legitimate charity?
Island Falls Housing Corp (EIN: 10365386) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $332K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Island Falls Housing Corp spend its money?
Island Falls Housing Corp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Island Falls Housing Corp tax-deductible?
Island Falls Housing Corp is registered as a tax-exempt nonprofit (EIN: 10365386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Island Falls Housing Corp's spending goes to programs?
Island Falls Housing Corp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Island Falls Housing Corp located?
Island Falls Housing Corp is headquartered in Caribou, Maine and files with the IRS under EIN 10365386.
How many years of IRS 990 filings does Island Falls Housing Corp have?
Island Falls Housing Corp 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 $332K in total revenue.
Is Island Falls Housing Corp a good charity?
Based on the available data, Island Falls Housing Corp appears to be a good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its financial health is stable, with consistent revenue and decreasing liabilities.
How has Island Falls Housing Corp's revenue trended over the last decade?
Island Falls Housing Corp's revenue has shown a positive trend over the last decade, increasing from $232,225 in 2014 to $332,558 in 2023, indicating growth and stability.
What is the organization's approach to executive compensation?
The organization has a highly commendable approach to executive compensation, consistently reporting 0% officer compensation in all its IRS 990 filings, meaning no funds are used for executive salaries.
Are the organization's assets growing or shrinking?
The organization's assets have shown a gradual decline over the last decade, from $605,090 in 2014 to $486,624 in 2023. However, liabilities have also significantly decreased, which is a positive sign.
How does Island Falls Housing Corp manage its liabilities?
Island Falls Housing Corp has significantly reduced its liabilities over the past decade, from $381,673 in 2014 to $181,244 in 2023, indicating strong financial management and a healthier balance sheet.
Filing History
IRS 990 filing history for Island Falls Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Island Falls Housing Corp's revenue has grown by 39%, moving from $239K to $333K. Total assets decreased by 25.6% over the same period, from $654K to $487K. Total functional expenses rose by 18.8%, from $228K to $271K. In its most recent filing year (2023), Island Falls Housing Corp reported a surplus of $62K, with revenue exceeding expenses. The organization holds $181K in liabilities against $487K in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $305K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $333K | $271K | $487K | $181K | — | — |
| 2022 | $290K | $308K | $454K | $210K | — | View 990 |
| 2021 | $257K | $253K | $493K | $232K | — | — |
| 2020 | $251K | $237K | $506K | $249K | — | — |
| 2019 | $238K | $239K | $512K | $269K | — | View 990 |
| 2018 | $239K | $247K | $535K | $291K | — | View 990 |
| 2017 | $242K | $222K | $568K | $315K | — | View 990 |
| 2016 | $251K | $230K | $566K | $333K | — | View 990 |
| 2015 | $232K | $243K | $568K | $355K | — | View 990 |
| 2014 | $232K | $252K | $605K | $382K | — | View 990 |
| 2013 | $235K | $221K | $642K | $398K | — | View 990 |
| 2012 | $237K | $224K | $647K | $417K | — | View 990 |
| 2011 | $239K | $228K | $654K | $436K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $333K, expenses of $271K, and assets of $487K (revenue +14.6% year-over-year).
- 2022: Revenue of $290K, expenses of $308K, and assets of $454K (revenue +13.1% year-over-year).
- 2021: Revenue of $257K, expenses of $253K, and assets of $493K (revenue +2.3% year-over-year).
- 2020: Revenue of $251K, expenses of $237K, and assets of $506K (revenue +5.5% year-over-year).
- 2019: Revenue of $238K, expenses of $239K, and assets of $512K (revenue -0.4% year-over-year).
- 2018: Revenue of $239K, expenses of $247K, and assets of $535K (revenue -1.4% year-over-year).
- 2017: Revenue of $242K, expenses of $222K, and assets of $568K (revenue -3.4% year-over-year).
- 2016: Revenue of $251K, expenses of $230K, and assets of $566K (revenue +8.0% year-over-year).
- 2015: Revenue of $232K, expenses of $243K, and assets of $568K (revenue +0.0% year-over-year).
- 2014: Revenue of $232K, expenses of $252K, and assets of $605K (revenue -1.0% year-over-year).
- 2013: Revenue of $235K, expenses of $221K, and assets of $642K (revenue -1.1% year-over-year).
- 2012: Revenue of $237K, expenses of $224K, and assets of $647K (revenue -0.9% year-over-year).
- 2011: Revenue of $239K, expenses of $228K, and assets of $654K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Falls Housing Corp:
Data Sources and Methodology
This transparency report for Island Falls Housing Corp 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.