Mhcpv Housing Inc
Mhcpv Housing Inc faces long-term solvency challenges as liabilities consistently exceed declining assets.
EIN: 10406561 · Bangor, ME · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $154K |
| Total Expenses | $129K |
| Program Spending | 85% |
| Net Assets | $-22,181 |
| Transparency Score | 65/100 |
Is Mhcpv Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mhcpv Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mhcpv Housing Inc
Mhcpv Housing Inc (EIN: 10406561) is a nonprofit organization based in Bangor, ME, classified under NTEE code L21Z. The organization reported total revenue of $154K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mhcpv Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mhcpv Housing Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $129K |
| Surplus / Deficit | +$19K |
| Total Assets | $184K |
| Total Liabilities | $206K |
| Net Assets | $-22,181 |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 112.0% |
| Months of Reserves | 17.2 months |
Financial Health Grade: A
In 2024, Mhcpv Housing Inc reported a surplus of $19K with revenue exceeding expenses, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 112.0% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Mhcpv Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.0% | +1.5% | -4.2% |
| 2023 | +3.0% | +1.6% | -5.6% |
| 2022 | +0.0% | -1.8% | -7.5% |
| 2021 | +4.6% | +2.3% | -7.2% |
| 2020 | -0.2% | +0.4% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Mhcpv Housing Inc with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mhcpv Housing Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 112.0%.
Executive Compensation Analysis
Mhcpv Housing Inc consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization of its size and operational history.
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 Mhcpv Housing Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating potential insolvency (e.g., 202406: Assets $184,178, Liabilities $206,359).
- Consistent decline in total assets over the past decade (from $304,649 in 201506 to $184,178 in 202406).
- 0% officer compensation reported across all filings, which can sometimes mask compensation or indicate an unsustainable reliance on unpaid leadership for an ongoing operation.
Strengths
The following positive indicators were identified for Mhcpv Housing Inc:
- Consistent revenue generation that covers annual expenses (e.g., 202406: Revenue $147,353, Expenses $128,678).
- Apparent lean operational structure with no reported officer compensation, suggesting resources are directed elsewhere.
- Consistent filing of IRS 990 forms, indicating a commitment to transparency.
Frequently Asked Questions about Mhcpv Housing Inc
Is Mhcpv Housing Inc a legitimate charity?
Mhcpv Housing Inc (EIN: 10406561) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $154K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Mhcpv Housing Inc spend its money?
Mhcpv Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mhcpv Housing Inc tax-deductible?
Mhcpv Housing Inc is registered as a tax-exempt nonprofit (EIN: 10406561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mhcpv Housing Inc's spending goes to programs?
Mhcpv Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mhcpv Housing Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mhcpv Housing Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mhcpv Housing Inc located?
Mhcpv Housing Inc is headquartered in Bangor, Maine and files with the IRS under EIN 10406561. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Mhcpv Housing Inc have?
Mhcpv Housing Inc 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 $154K in total revenue.
Is Mhcpv Housing Inc financially stable?
While the organization consistently generates revenue to cover its annual expenses, its long-term financial stability is questionable due to a declining asset base and liabilities consistently exceeding assets, as seen in the 202406 filing where assets were $184,178 and liabilities were $206,359.
How does Mhcpv Housing Inc manage its administrative costs?
The organization appears to manage administrative costs very efficiently, as evidenced by 0% reported officer compensation across all filings, suggesting a lean operational structure or reliance on volunteer leadership.
What is the trend in Mhcpv Housing Inc's assets and liabilities?
Mhcpv Housing Inc has experienced a consistent decline in assets, from $304,649 in 201506 to $184,178 in 202406, while liabilities have remained high and often exceeded assets, indicating a concerning financial trend.
Filing History
IRS 990 filing history for Mhcpv Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mhcpv Housing Inc's revenue has grown by 23.5%, moving from $119K to $147K. Total assets decreased by 50.3% over the same period, from $370K to $184K. Total functional expenses rose by 5%, from $122K to $129K. In its most recent filing year (2024), Mhcpv Housing Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $206K in liabilities against $184K in assets (debt-to-asset ratio: 112.0%), resulting in net assets of $-22,181.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $147K | $129K | $184K | $206K | — | — |
| 2023 | $140K | $127K | $192K | $233K | — | View 990 |
| 2022 | $136K | $125K | $204K | $258K | — | View 990 |
| 2021 | $136K | $127K | $220K | $286K | — | — |
| 2020 | $130K | $124K | $237K | $312K | — | View 990 |
| 2019 | $130K | $124K | $253K | $333K | — | View 990 |
| 2018 | $128K | $124K | $261K | $348K | — | — |
| 2017 | $127K | $124K | $272K | $364K | — | View 990 |
| 2016 | $126K | $129K | $292K | $387K | — | View 990 |
| 2015 | $125K | $124K | $305K | $396K | — | View 990 |
| 2014 | $118K | $124K | $317K | $409K | — | View 990 |
| 2013 | $96K | $120K | $347K | $435K | — | View 990 |
| 2012 | $119K | $122K | $370K | $434K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $147K, expenses of $129K, and assets of $184K (revenue +5.0% year-over-year).
- 2023: Revenue of $140K, expenses of $127K, and assets of $192K (revenue +3.0% year-over-year).
- 2022: Revenue of $136K, expenses of $125K, and assets of $204K (revenue +0.0% year-over-year).
- 2021: Revenue of $136K, expenses of $127K, and assets of $220K (revenue +4.6% year-over-year).
- 2020: Revenue of $130K, expenses of $124K, and assets of $237K (revenue -0.2% year-over-year).
- 2019: Revenue of $130K, expenses of $124K, and assets of $253K (revenue +1.5% year-over-year).
- 2018: Revenue of $128K, expenses of $124K, and assets of $261K (revenue +1.5% year-over-year).
- 2017: Revenue of $127K, expenses of $124K, and assets of $272K (revenue +0.8% year-over-year).
- 2016: Revenue of $126K, expenses of $129K, and assets of $292K (revenue +0.8% year-over-year).
- 2015: Revenue of $125K, expenses of $124K, and assets of $305K (revenue +5.3% year-over-year).
- 2014: Revenue of $118K, expenses of $124K, and assets of $317K (revenue +23.3% year-over-year).
- 2013: Revenue of $96K, expenses of $120K, and assets of $347K (revenue -19.6% year-over-year).
- 2012: Revenue of $119K, expenses of $122K, and assets of $370K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mhcpv Housing Inc:
Data Sources and Methodology
This transparency report for Mhcpv Housing Inc 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.