Maple Grove Elderly Housing Corporation
Maple Grove Elderly Housing Corporation maintains stable operations with growing assets and no reported officer compensation.
EIN: 10347203 · Portland, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.2M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $285K |
| Transparency Score | 88/100 |
Is Maple Grove Elderly Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maple Grove Elderly Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maple Grove Elderly Housing Corporation
Maple Grove Elderly Housing Corporation (EIN: 10347203) is a nonprofit organization based in Portland, ME, classified under NTEE code L22Z. The organization reported total revenue of $3.4M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maple Grove Elderly Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maple Grove Elderly Housing Corporation is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-125,795 |
| Total Assets | $9.1M |
| Total Liabilities | $8.8M |
| Net Assets | $285K |
| Operating Margin | -11.3% |
| Debt-to-Asset Ratio | 96.9% |
| Months of Reserves | 87.5 months |
Financial Health Grade: C
In 2023, Maple Grove Elderly Housing Corporation reported a deficit of $126K with expenses exceeding revenue, holds 87.5 months of operating reserves (strong position), has a debt-to-asset ratio of 96.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maple Grove Elderly Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.3% | +9.7% | -2.5% |
| 2022 | -52.0% | -43.3% | +6.4% |
| 2021 | +72.6% | +48.2% | -1.0% |
| 2020 | +144.7% | +176.9% | +452.9% |
| 2019 | -45.8% | -25.5% | -54.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Maple Grove Elderly Housing Corporation with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Maple Grove Elderly Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $126K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with assets exceeding $9 million.
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 Maple Grove Elderly Housing Corporation's IRS 990 filings:
- Occasional operational deficits (e.g., 202312: Expenses $1,242,629 vs. Revenue $1,116,834)
Strengths
The following positive indicators were identified for Maple Grove Elderly Housing Corporation:
- Consistent asset growth, reaching $9,056,245 in 2023
- 0% reported officer compensation across all filings
- Clear mission aligned with NTEE code L22Z (Elderly Housing)
- Long and consistent IRS 990 filing history (13 filings)
- Strong financial stability with substantial assets relative to annual expenses
Frequently Asked Questions about Maple Grove Elderly Housing Corporation
Is Maple Grove Elderly Housing Corporation a legitimate charity?
Maple Grove Elderly Housing Corporation (EIN: 10347203) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 1 red flag identified. 5 strengths noted. Financial health grade: C.
How does Maple Grove Elderly Housing Corporation spend its money?
Maple Grove Elderly Housing Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Maple Grove Elderly Housing Corporation tax-deductible?
Maple Grove Elderly Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10347203). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maple Grove Elderly Housing Corporation CEO make?
Maple Grove Elderly Housing Corporation's highest-compensated officer earns $9 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maple Grove Elderly Housing Corporation's spending goes to programs?
Maple Grove Elderly Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Maple Grove Elderly Housing Corporation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Maple Grove Elderly Housing Corporation is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Maple Grove Elderly Housing Corporation located?
Maple Grove Elderly Housing Corporation is headquartered in Portland, Maine and files with the IRS under EIN 10347203. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Maple Grove Elderly Housing Corporation have?
Maple Grove Elderly 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 $3.4M in total revenue.
Is Maple Grove Elderly Housing Corporation a good charity?
Based on the available data, Maple Grove Elderly Housing Corporation appears to be a good charity. It has a clear mission (elderly housing), a strong asset base ($9,056,245 in 2023), and reports 0% officer compensation, indicating a strong commitment to directing resources towards its mission rather than executive pay.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, particularly in asset growth. Assets increased from $1,593,737 in 2019 to $9,056,245 in 2023. While there are fluctuations in annual revenue and expenses, the overall trend shows a growing and stable organization.
What is the trend in revenue and expenses?
Revenue and expenses have generally increased over the years, with some variability. For instance, revenue jumped from $504,006 in 2019 to $2,128,968 in 2021, then stabilized around $1 million in 2022 and 2023. Expenses largely track revenue, indicating consistent operational activity.
Filing History
IRS 990 filing history for Maple Grove Elderly Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maple Grove Elderly Housing Corporation's revenue has grown by 1236.5%, moving from $84K to $1.1M. Total assets increased by 7730% over the same period, from $116K to $9.1M. Total functional expenses rose by 1371.8%, from $84K to $1.2M. In its most recent filing year (2023), Maple Grove Elderly Housing Corporation reported a deficit of $126K, with expenses exceeding revenue. The organization holds $8.8M in liabilities against $9.1M in assets (debt-to-asset ratio: 96.9%), resulting in net assets of $285K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $9.1M | $8.8M | — | — |
| 2022 | $1.0M | $1.1M | $9.3M | $8.9M | — | — |
| 2021 | $2.1M | $2.0M | $8.7M | $8.1M | — | View 990 |
| 2020 | $1.2M | $1.3M | $8.8M | $8.3M | — | View 990 |
| 2019 | $504K | $486K | $1.6M | $1.4M | — | View 990 |
| 2018 | $930K | $653K | $3.5M | $3.3M | — | View 990 |
| 2017 | $690K | $702K | $3.3M | $3.3M | — | — |
| 2016 | $351K | $404K | $3.4M | $3.4M | — | View 990 |
| 2015 | $0 | $0 | $0 | $0 | — | View 990 |
| 2014 | $243K | $100K | $0 | $0 | — | View 990 |
| 2013 | $82K | $103K | $96K | $239K | — | View 990 |
| 2012 | $83K | $75K | $122K | $244K | — | View 990 |
| 2011 | $84K | $84K | $116K | $246K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $9.1M (revenue +9.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.1M, and assets of $9.3M (revenue -52.0% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $8.7M (revenue +72.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $8.8M (revenue +144.7% year-over-year).
- 2019: Revenue of $504K, expenses of $486K, and assets of $1.6M (revenue -45.8% year-over-year).
- 2018: Revenue of $930K, expenses of $653K, and assets of $3.5M (revenue +34.9% year-over-year).
- 2017: Revenue of $690K, expenses of $702K, and assets of $3.3M (revenue +96.2% year-over-year).
- 2016: Revenue of $351K, expenses of $404K, and assets of $3.4M.
- 2015: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2014: Revenue of $243K, expenses of $100K, and assets of $0 (revenue +197.1% year-over-year).
- 2013: Revenue of $82K, expenses of $103K, and assets of $96K (revenue -1.9% year-over-year).
- 2012: Revenue of $83K, expenses of $75K, and assets of $122K (revenue -0.1% year-over-year).
- 2011: Revenue of $84K, expenses of $84K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maple Grove Elderly Housing Corporation:
Data Sources and Methodology
This transparency report for Maple Grove Elderly 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.