Mount Blue Housing Inc
Mount Blue Housing Inc. consistently operates with modest surpluses and no executive compensation.
EIN: 10504708 · Lewiston, ME · NTEE: P80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $73K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $80,000. |
| Net Assets | $212K |
| Transparency Score | 88/100 |
Is Mount Blue Housing Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Blue Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Blue Housing Inc
Mount Blue Housing Inc (EIN: 10504708) is a nonprofit organization based in Lewiston, ME, classified under NTEE code P80Z. The organization reported total revenue of $88K and total assets of $209K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Blue Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Blue Housing Inc is a micro nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $73K |
| Surplus / Deficit | +$5K |
| Total Assets | $233K |
| Total Liabilities | $22K |
| Net Assets | $212K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 9.2% |
| Months of Reserves | 38.4 months |
Financial Health Grade: A
In 2024, Mount Blue Housing Inc reported a surplus of $5K with revenue exceeding expenses, holds 38.4 months of operating reserves (strong position), has a debt-to-asset ratio of 9.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Mount Blue Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.4% | -5.3% | -2.1% |
| 2023 | +6.2% | -3.0% | +9.8% |
| 2022 | +15.7% | +2.8% | -2.5% |
| 2021 | -8.7% | +33.0% | -9.7% |
| 2020 | +11.8% | -4.3% | +9.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Mount Blue Housing Inc 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, Mount Blue 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 $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with revenues typically under $80,000.
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.
Strengths
The following positive indicators were identified for Mount Blue Housing Inc:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Stable financial operations with revenues generally covering expenses.
- Healthy asset base ($233,301 in 202406) relative to annual operating budget.
- Consistent filing of IRS Form 990s over 14 periods, demonstrating transparency and compliance.
- Low liabilities ($21,550 in 202406) relative to assets, indicating good financial health.
Frequently Asked Questions about Mount Blue Housing Inc
Is Mount Blue Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Blue Housing Inc (EIN: 10504708) appears legitimate. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
How does Mount Blue Housing Inc spend its money?
Mount Blue Housing Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Blue Housing Inc tax-deductible?
Mount Blue Housing Inc is registered as a tax-exempt nonprofit (EIN: 10504708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mount Blue Housing Inc CEO make?
Mount Blue Housing Inc's highest-compensated officer earns $80,000. annually. The organization reported $88K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mount Blue Housing Inc's spending goes to programs?
Mount Blue Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mount Blue Housing Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Mount Blue Housing Inc is above average for NTEE category P80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mount Blue Housing Inc located?
Mount Blue Housing Inc is headquartered in Lewiston, Maine and files with the IRS under EIN 10504708. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Mount Blue Housing Inc have?
Mount Blue Housing Inc has 14 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 $88K in total revenue.
Is Mount Blue Housing Inc. financially stable?
Yes, Mount Blue Housing Inc. appears financially stable. Its assets of $233,301 (202406) are significantly higher than its annual expenses ($72,946 in 202406), and it generally operates with a slight surplus or manages minor deficits effectively over time.
How does Mount Blue Housing Inc. manage its executive compensation?
Mount Blue Housing Inc. reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers, which is a strong indicator of volunteer leadership and efficient use of funds.
What is the trend in Mount Blue Housing Inc.'s revenue and expenses?
Revenue and expenses for Mount Blue Housing Inc. have remained relatively stable over the past decade, generally fluctuating between $55,000 and $80,000 annually, with expenses closely tracking revenues.
Filing History
IRS 990 filing history for Mount Blue Housing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Mount Blue Housing Inc's revenue has grown by 48.1%, moving from $53K to $78K. Total assets decreased by 29% over the same period, from $329K to $233K. Total functional expenses rose by 29.9%, from $56K to $73K. In its most recent filing year (2024), Mount Blue Housing Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $22K in liabilities against $233K in assets (debt-to-asset ratio: 9.2%), resulting in net assets of $212K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $78K | $73K | $233K | $22K | — | — |
| 2023 | $78K | $77K | $238K | $32K | — | View 990 |
| 2022 | $73K | $79K | $217K | $11K | — | View 990 |
| 2021 | $63K | $77K | $223K | $11K | — | — |
| 2020 | $69K | $58K | $247K | $21K | — | — |
| 2019 | $62K | $61K | $225K | $11K | — | View 990 |
| 2018 | $63K | $60K | $222K | $9K | — | — |
| 2017 | $55K | $73K | $233K | $22K | — | View 990 |
| 2016 | $59K | $58K | $236K | $8K | — | View 990 |
| 2015 | $59K | $88K | $260K | $32K | — | View 990 |
| 2014 | $56K | $56K | $265K | $8K | — | View 990 |
| 2013 | $52K | $55K | $335K | $89K | — | View 990 |
| 2012 | $53K | $41K | $324K | $43K | — | View 990 |
| 2011 | $53K | $56K | $329K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $78K, expenses of $73K, and assets of $233K (revenue +0.4% year-over-year).
- 2023: Revenue of $78K, expenses of $77K, and assets of $238K (revenue +6.2% year-over-year).
- 2022: Revenue of $73K, expenses of $79K, and assets of $217K (revenue +15.7% year-over-year).
- 2021: Revenue of $63K, expenses of $77K, and assets of $223K (revenue -8.7% year-over-year).
- 2020: Revenue of $69K, expenses of $58K, and assets of $247K (revenue +11.8% year-over-year).
- 2019: Revenue of $62K, expenses of $61K, and assets of $225K (revenue -1.6% year-over-year).
- 2018: Revenue of $63K, expenses of $60K, and assets of $222K (revenue +14.8% year-over-year).
- 2017: Revenue of $55K, expenses of $73K, and assets of $233K (revenue -6.4% year-over-year).
- 2016: Revenue of $59K, expenses of $58K, and assets of $236K (revenue +0.2% year-over-year).
- 2015: Revenue of $59K, expenses of $88K, and assets of $260K (revenue +4.9% year-over-year).
- 2014: Revenue of $56K, expenses of $56K, and assets of $265K (revenue +6.5% year-over-year).
- 2013: Revenue of $52K, expenses of $55K, and assets of $335K (revenue -0.9% year-over-year).
- 2012: Revenue of $53K, expenses of $41K, and assets of $324K (revenue +0.2% year-over-year).
- 2011: Revenue of $53K, expenses of $56K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Blue Housing Inc:
Data Sources and Methodology
This transparency report for Mount Blue 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.