Maine Real Estate Development Assn
Maine Real Estate Development Assn shows consistent revenue growth and financial stability with no reported officer compensation.
EIN: 10416849 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $650K |
| Total Expenses | $606K |
| Program Spending | 75% |
| Net Assets | $355K |
| Transparency Score | 85/100 |
Is Maine Real Estate Development Assn Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maine Real Estate Development Assn directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maine Real Estate Development Assn
Maine Real Estate Development Assn (EIN: 10416849) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $650K and total assets of $463K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maine Real Estate Development Assn's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maine Real Estate Development Assn is a small nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $641K |
| Total Expenses | $606K |
| Surplus / Deficit | +$35K |
| Total Assets | $366K |
| Total Liabilities | $11K |
| Net Assets | $355K |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Maine Real Estate Development Assn reported a surplus of $35K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Maine Real Estate Development Assn's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.2% | +37.1% | -2.7% |
| 2022 | +24.5% | +3.2% | +7.3% |
| 2021 | -15.6% | -8.5% | -5.3% |
| 2020 | -13.6% | -1.0% | +15.5% |
| 2019 | +8.3% | -0.8% | +25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1986 |
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 Maine Real Estate Development Assn with a Mission Score of 85 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: 75%
- fundraising: 10%
According to IRS 990 filings, Maine Real Estate Development Assn allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that the organization's leadership is either volunteer-based or compensated through non-officer categories, which is a strong positive for resource allocation.
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 Maine Real Estate Development Assn's IRS 990 filings:
- NTEE code is unknown, making direct peer comparison difficult without more information on its specific activities.
Strengths
The following positive indicators were identified for Maine Real Estate Development Assn:
- Consistent revenue growth over a decade, from $347,994 in 2014 to $640,845 in 2023.
- Zero reported officer compensation across all filings, indicating efficient use of funds or volunteer leadership.
- Healthy asset growth and low liabilities, demonstrating strong financial management and stability.
- Consistent filing of IRS Form 990s over 12 periods, indicating good transparency practices.
- Generally operates with a financial surplus or near break-even, contributing to asset accumulation.
Frequently Asked Questions about Maine Real Estate Development Assn
Is Maine Real Estate Development Assn a legitimate charity?
Maine Real Estate Development Assn (EIN: 10416849) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $650K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Maine Real Estate Development Assn spend its money?
Maine Real Estate Development Assn directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Maine Real Estate Development Assn tax-deductible?
Maine Real Estate Development Assn is registered as a tax-exempt nonprofit (EIN: 10416849). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Maine Real Estate Development Assn's spending goes to programs?
Maine Real Estate Development Assn directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maine Real Estate Development Assn located?
Maine Real Estate Development Assn is headquartered in Portland, Maine and files with the IRS under EIN 10416849.
How many years of IRS 990 filings does Maine Real Estate Development Assn have?
Maine Real Estate Development Assn has 12 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 $650K in total revenue.
Is Maine Real Estate Development Assn a good charity?
Based on the available financial data, MEREDA appears to be a well-managed organization. It demonstrates consistent revenue growth, maintains a healthy asset base, and reports no officer compensation, which are all positive indicators of financial health and responsible resource management.
How has MEREDA's revenue changed over time?
MEREDA's revenue has shown significant growth, increasing from $347,994 in 2014 to $640,845 in 2023, indicating a strong upward trend in its financial capacity.
What is the organization's asset and liability situation?
The organization has steadily grown its assets, reaching $366,234 in 2023, while maintaining relatively low liabilities of $11,450, suggesting a strong financial position and low debt burden.
Filing History
IRS 990 filing history for Maine Real Estate Development Assn showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Maine Real Estate Development Assn's revenue has grown by 113.3%, moving from $300K to $641K. Total assets increased by 75.7% over the same period, from $208K to $366K. Total functional expenses rose by 102.3%, from $300K to $606K. In its most recent filing year (2023), Maine Real Estate Development Assn reported a surplus of $35K, with revenue exceeding expenses. The organization holds $11K in liabilities against $366K in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $355K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $641K | $606K | $366K | $11K | — | View 990 |
| 2022 | $488K | $442K | $376K | $56K | — | View 990 |
| 2021 | $392K | $428K | $351K | $77K | — | View 990 |
| 2020 | $465K | $468K | $371K | $61K | — | — |
| 2019 | $538K | $473K | $321K | $8K | — | View 990 |
| 2018 | $496K | $477K | $256K | $7K | — | View 990 |
| 2017 | $469K | $449K | $237K | $8K | — | View 990 |
| 2016 | $450K | $431K | $216K | $7K | — | View 990 |
| 2015 | $376K | $389K | $196K | $7K | — | View 990 |
| 2014 | $348K | $348K | $212K | $10K | — | View 990 |
| 2013 | $309K | $309K | $208K | $5K | — | View 990 |
| 2012 | $300K | $300K | $208K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $641K, expenses of $606K, and assets of $366K (revenue +31.2% year-over-year).
- 2022: Revenue of $488K, expenses of $442K, and assets of $376K (revenue +24.5% year-over-year).
- 2021: Revenue of $392K, expenses of $428K, and assets of $351K (revenue -15.6% year-over-year).
- 2020: Revenue of $465K, expenses of $468K, and assets of $371K (revenue -13.6% year-over-year).
- 2019: Revenue of $538K, expenses of $473K, and assets of $321K (revenue +8.3% year-over-year).
- 2018: Revenue of $496K, expenses of $477K, and assets of $256K (revenue +5.7% year-over-year).
- 2017: Revenue of $469K, expenses of $449K, and assets of $237K (revenue +4.4% year-over-year).
- 2016: Revenue of $450K, expenses of $431K, and assets of $216K (revenue +19.5% year-over-year).
- 2015: Revenue of $376K, expenses of $389K, and assets of $196K (revenue +8.1% year-over-year).
- 2014: Revenue of $348K, expenses of $348K, and assets of $212K (revenue +12.6% year-over-year).
- 2013: Revenue of $309K, expenses of $309K, and assets of $208K (revenue +2.9% year-over-year).
- 2012: Revenue of $300K, expenses of $300K, and assets of $208K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maine Real Estate Development Assn:
Data Sources and Methodology
This transparency report for Maine Real Estate Development Assn 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.