Maxcen Housing Society Inc Connecticut Branch
EIN: 822926212 · East Lime, CT · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $84K |
| Net Assets | $5K |
Is Maxcen Housing Society Inc Connecticut Branch Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Maxcen Housing Society Inc Connecticut Branch
Maxcen Housing Society Inc Connecticut Branch (EIN: 822926212) is a nonprofit organization based in East Lime, CT, classified under NTEE code L40. The organization reported total revenue of $83K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maxcen Housing Society Inc Connecticut Branch's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maxcen Housing Society Inc Connecticut Branch is a micro nonprofit that has been operating for 9 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $84K |
| Surplus / Deficit | +$5K |
| Total Assets | $89K |
| Total Liabilities | $84K |
| Net Assets | $5K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 94.5% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Maxcen Housing Society Inc Connecticut Branch reported a surplus of $5K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 94.5% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Maxcen Housing Society Inc Connecticut Branch's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +1.5% | -1.2% |
| 2022 | -5.4% | +7.0% | -5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Maxcen Housing Society Inc Connecticut Branch has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Maxcen Housing Society Inc Connecticut Branch with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.5%.
Frequently Asked Questions about Maxcen Housing Society Inc Connecticut Branch
Is Maxcen Housing Society Inc Connecticut Branch a legitimate charity?
Maxcen Housing Society Inc Connecticut Branch (EIN: 822926212) is a registered tax-exempt nonprofit based in Connecticut. It has 3 years of IRS 990 filings on record. Total revenue: $83K. No red flags identified. Financial health grade: A.
How does Maxcen Housing Society Inc Connecticut Branch spend its money?
Maxcen Housing Society Inc Connecticut Branch reported $83K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Maxcen Housing Society Inc Connecticut Branch tax-deductible?
Maxcen Housing Society Inc Connecticut Branch is registered as a tax-exempt nonprofit (EIN: 822926212). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Maxcen Housing Society Inc Connecticut Branch located?
Maxcen Housing Society Inc Connecticut Branch is headquartered in East Lime, Connecticut and files with the IRS under EIN 822926212. It is classified under NTEE code L40.
How many years of IRS 990 filings does Maxcen Housing Society Inc Connecticut Branch have?
Maxcen Housing Society Inc Connecticut Branch has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $83K in total revenue.
Filing History
IRS 990 filing history for Maxcen Housing Society Inc Connecticut Branch showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Maxcen Housing Society Inc Connecticut Branch's revenue has declined by 6.5%, moving from $95K to $89K. Total assets decreased by 6.5% over the same period, from $95K to $89K. Total functional expenses rose by 8.5%, from $78K to $84K. In its most recent filing year (2023), Maxcen Housing Society Inc Connecticut Branch reported a surplus of $5K, with revenue exceeding expenses. The organization holds $84K in liabilities against $89K in assets (debt-to-asset ratio: 94.5%), resulting in net assets of $5K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $84K | $89K | $84K | — | — |
| 2022 | $90K | $83K | $90K | $83K | — | — |
| 2021 | $95K | $78K | $95K | $78K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $84K, and assets of $89K (revenue -1.2% year-over-year).
- 2022: Revenue of $90K, expenses of $83K, and assets of $90K (revenue -5.4% year-over-year).
- 2021: Revenue of $95K, expenses of $78K, and assets of $95K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maxcen Housing Society Inc Connecticut Branch:
Data Sources and Methodology
This transparency report for Maxcen Housing Society Inc Connecticut Branch 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.