Lewiston Auburn Area Housing Development Corporation
Lewiston Auburn Area Housing Development Corporation faces recurring deficits despite asset growth, with liabilities increasing significantly.
EIN: 10462712 · Lewiston, ME · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $397K |
| Total Expenses | $800K |
| Program Spending | 80% |
| Net Assets | $1.0M |
| Transparency Score | 75/100 |
Is Lewiston Auburn Area Housing Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lewiston Auburn Area Housing Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lewiston Auburn Area Housing Development Corporation
Lewiston Auburn Area Housing Development Corporation (EIN: 10462712) is a nonprofit organization based in Lewiston, ME, classified under NTEE code L20Z. The organization reported total revenue of $397K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lewiston Auburn Area Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lewiston Auburn Area Housing Development Corporation is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $524K |
| Total Expenses | $800K |
| Surplus / Deficit | $-275,907 |
| Total Assets | $6.2M |
| Total Liabilities | $5.2M |
| Net Assets | $1.0M |
| Operating Margin | -52.6% |
| Debt-to-Asset Ratio | 83.7% |
| Months of Reserves | 93.5 months |
Financial Health Grade: C
In 2023, Lewiston Auburn Area Housing Development Corporation reported a deficit of $276K with expenses exceeding revenue, holds 93.5 months of operating reserves (strong position), has a debt-to-asset ratio of 83.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lewiston Auburn Area Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.9% | +0.2% | +161.9% |
| 2022 | -10.5% | +66.0% | -9.7% |
| 2021 | -31.4% | +56.8% | -3.3% |
| 2020 | +161.2% | +40.3% | +148.9% |
| 2019 | +5.3% | -9.6% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Lewiston Auburn Area Housing Development Corporation with a Mission Score of 75 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, Lewiston Auburn Area Housing Development 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 $276K, with expenses exceeding revenue.
- Debt-to-asset ratio: 83.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means, which is a positive for minimizing overhead costs relative to the organization's size and mission.
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 Lewiston Auburn Area Housing Development Corporation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202306, 202206, 202106 where expenses exceeded revenue).
- Significant increase in liabilities ($5,220,674 in 202306) relative to assets, indicating potential reliance on debt.
- Fluctuating revenue streams, making financial planning and sustainability challenging.
Strengths
The following positive indicators were identified for Lewiston Auburn Area Housing Development Corporation:
- Strong asset growth over time, indicating successful capital development.
- Consistent reporting of 0% officer compensation, suggesting efficient use of funds for leadership.
- Clear focus on its housing development mission, as implied by its NTEE code and asset base.
Frequently Asked Questions about Lewiston Auburn Area Housing Development Corporation
Is Lewiston Auburn Area Housing Development Corporation a legitimate charity?
Lewiston Auburn Area Housing Development Corporation (EIN: 10462712) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $397K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Lewiston Auburn Area Housing Development Corporation spend its money?
Lewiston Auburn Area Housing Development Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lewiston Auburn Area Housing Development Corporation tax-deductible?
Lewiston Auburn Area Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 10462712). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lewiston Auburn Area Housing Development Corporation's spending goes to programs?
Lewiston Auburn Area Housing Development Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Lewiston Auburn Area Housing Development Corporation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lewiston Auburn Area Housing Development Corporation is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lewiston Auburn Area Housing Development Corporation located?
Lewiston Auburn Area Housing Development Corporation is headquartered in Lewiston, Maine and files with the IRS under EIN 10462712. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Lewiston Auburn Area Housing Development Corporation have?
Lewiston Auburn Area Housing Development 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 $397K in total revenue.
Is Lewiston Auburn Area Housing Development Corporation financially stable given its recent deficits?
While the organization has experienced deficits in recent years (e.g., expenses of $800,258 vs. revenue of $524,351 in 202306), its assets have grown substantially to over $6 million. However, the significant increase in liabilities to over $5 million in the same period warrants closer examination to understand the nature of these liabilities and their impact on long-term stability.
How does the organization fund its asset growth despite recurring deficits?
The substantial increase in assets alongside growing liabilities suggests that asset acquisition may be financed through debt, grants with specific asset-purchase restrictions, or other non-operating income sources. A detailed look at the balance sheet and statement of cash flows would clarify this.
What is the reason for 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation could indicate that the organization's leadership is entirely volunteer-based, or that compensation for officers is paid by a related entity and not directly by the Lewiston Auburn Area Housing Development Corporation. This practice, while potentially efficient, could also obscure the true cost of leadership if compensation is simply shifted elsewhere.
Filing History
IRS 990 filing history for Lewiston Auburn Area Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lewiston Auburn Area Housing Development Corporation's revenue has grown by 177.3%, moving from $189K to $524K. Total assets increased by 436.3% over the same period, from $1.2M to $6.2M. Total functional expenses rose by 263.7%, from $220K to $800K. In its most recent filing year (2023), Lewiston Auburn Area Housing Development Corporation reported a deficit of $276K, with expenses exceeding revenue. The organization holds $5.2M in liabilities against $6.2M in assets (debt-to-asset ratio: 83.7%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $524K | $800K | $6.2M | $5.2M | — | — |
| 2022 | $336K | $799K | $2.4M | $1.7M | — | View 990 |
| 2021 | $376K | $481K | $2.6M | $1.4M | — | View 990 |
| 2020 | $548K | $307K | $2.7M | $1.4M | — | View 990 |
| 2019 | $210K | $219K | $1.1M | $39K | — | View 990 |
| 2018 | $199K | $242K | $1.1M | $20K | — | View 990 |
| 2017 | $195K | $195K | $1.1M | $19K | — | View 990 |
| 2016 | $372K | $227K | $1.1M | $18K | — | View 990 |
| 2015 | $193K | $251K | $985K | $18K | — | View 990 |
| 2014 | $189K | $237K | $1.1M | $39K | — | View 990 |
| 2013 | $236K | $205K | $1.1M | $31K | — | View 990 |
| 2012 | $174K | $198K | $1.2M | $118K | — | View 990 |
| 2011 | $189K | $220K | $1.2M | $98K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $524K, expenses of $800K, and assets of $6.2M (revenue +55.9% year-over-year).
- 2022: Revenue of $336K, expenses of $799K, and assets of $2.4M (revenue -10.5% year-over-year).
- 2021: Revenue of $376K, expenses of $481K, and assets of $2.6M (revenue -31.4% year-over-year).
- 2020: Revenue of $548K, expenses of $307K, and assets of $2.7M (revenue +161.2% year-over-year).
- 2019: Revenue of $210K, expenses of $219K, and assets of $1.1M (revenue +5.3% year-over-year).
- 2018: Revenue of $199K, expenses of $242K, and assets of $1.1M (revenue +1.9% year-over-year).
- 2017: Revenue of $195K, expenses of $195K, and assets of $1.1M (revenue -47.5% year-over-year).
- 2016: Revenue of $372K, expenses of $227K, and assets of $1.1M (revenue +92.4% year-over-year).
- 2015: Revenue of $193K, expenses of $251K, and assets of $985K (revenue +2.1% year-over-year).
- 2014: Revenue of $189K, expenses of $237K, and assets of $1.1M (revenue -19.7% year-over-year).
- 2013: Revenue of $236K, expenses of $205K, and assets of $1.1M (revenue +35.5% year-over-year).
- 2012: Revenue of $174K, expenses of $198K, and assets of $1.2M (revenue -8.0% year-over-year).
- 2011: Revenue of $189K, expenses of $220K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lewiston Auburn Area Housing Development Corporation:
Data Sources and Methodology
This transparency report for Lewiston Auburn Area Housing Development 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.