Mount David Housing Inc
Mount David Housing Inc. shows recent revenue growth after years of expenses exceeding income, with declining assets but improved solvency.
EIN: 10485193 · Lewiston, ME · NTEE: P80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $236K |
| Program Spending | 85% |
| Net Assets | $386K |
| Transparency Score | 80/100 |
Is Mount David Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount David Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount David Housing Inc
Mount David Housing Inc (EIN: 10485193) is a nonprofit organization based in Lewiston, ME, classified under NTEE code P80Z. The organization reported total revenue of $206K and total assets of $421K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount David Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount David Housing Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $442K |
| Total Expenses | $236K |
| Surplus / Deficit | +$206K |
| Total Assets | $417K |
| Total Liabilities | $31K |
| Net Assets | $386K |
| Operating Margin | 46.6% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 21.2 months |
Financial Health Grade: A
In 2024, Mount David Housing Inc reported a surplus of $206K with revenue exceeding expenses, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Mount David Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +138.7% | +14.7% | -6.1% |
| 2023 | +7.6% | -0.3% | -12.3% |
| 2022 | -2.3% | +27.8% | +0.4% |
| 2021 | +45.1% | -5.2% | -10.1% |
| 2020 | +4.0% | +21.7% | -19.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 David Housing Inc with a Mission Score of 80 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 David 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 $206K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly favorable for directing funds towards the organization's mission.
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 Mount David Housing Inc's IRS 990 filings:
- Historical periods of expenses exceeding revenue, such as in 202306 ($205,705 expenses vs. $184,967 revenue) and 202206 ($206,409 expenses vs. $171,942 revenue).
- Overall decline in total assets from $809,703 in 201506 to $416,684 in 202406, indicating a shrinking organizational scale over the long term.
Strengths
The following positive indicators were identified for Mount David Housing Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong dedication of funds to mission.
- Significant positive net income in the most recent filing (202406) with revenue of $441,598 against expenses of $235,966.
- Substantial reduction in liabilities from a high of $433,582 in 201606 to $30,768 in 202406, indicating improved financial solvency.
- Consistent filing of IRS 990 forms over 14 periods, demonstrating good transparency.
Frequently Asked Questions about Mount David Housing Inc
Is Mount David Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount David Housing Inc (EIN: 10485193) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Mount David Housing Inc spend its money?
Mount David Housing Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount David Housing Inc tax-deductible?
Mount David Housing Inc is registered as a tax-exempt nonprofit (EIN: 10485193). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mount David Housing Inc's spending goes to programs?
Mount David Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mount David Housing Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Mount David 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 David Housing Inc located?
Mount David Housing Inc is headquartered in Lewiston, Maine and files with the IRS under EIN 10485193. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Mount David Housing Inc have?
Mount David 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 $206K in total revenue.
Is Mount David Housing Inc. a good charity?
Mount David Housing Inc. appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating that all funds are directed towards its mission. While it has experienced periods where expenses exceeded revenue, the most recent filing shows a strong surplus, and its consistent 990 filings demonstrate transparency.
What is the trend in Mount David Housing Inc.'s financial health?
Mount David Housing Inc.'s financial health has been mixed. It experienced several years where expenses outpaced revenue, leading to a decline in assets from $809,703 in 201506 to $416,684 in 202406. However, the most recent filing (202406) shows a significant positive turnaround with revenue of $441,598 far exceeding expenses of $235,966, and liabilities have also significantly decreased to $30,768, indicating improved solvency.
How does Mount David Housing Inc. manage its administrative costs?
Mount David Housing Inc. appears to manage its administrative costs very efficiently, especially given the consistent reporting of 0% officer compensation. This suggests a lean operational structure where a very high proportion of expenses are likely directed towards program services.
Filing History
IRS 990 filing history for Mount David Housing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Mount David Housing Inc's revenue has grown by 314.1%, moving from $107K to $442K. Total assets decreased by 43.6% over the same period, from $739K to $417K. Total functional expenses rose by 68.4%, from $140K to $236K. In its most recent filing year (2024), Mount David Housing Inc reported a surplus of $206K, with revenue exceeding expenses. The organization holds $31K in liabilities against $417K in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $386K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $442K | $236K | $417K | $31K | — | — |
| 2023 | $185K | $206K | $444K | $264K | — | View 990 |
| 2022 | $172K | $206K | $506K | $305K | — | View 990 |
| 2021 | $176K | $161K | $504K | $269K | — | View 990 |
| 2020 | $121K | $170K | $561K | $340K | — | View 990 |
| 2019 | $117K | $140K | $699K | $401K | — | View 990 |
| 2018 | $50K | $144K | $574K | $382K | — | View 990 |
| 2017 | $101K | $144K | $626K | $340K | — | View 990 |
| 2016 | $44K | $154K | $760K | $434K | — | View 990 |
| 2015 | $41K | $145K | $810K | $373K | — | View 990 |
| 2014 | $42K | $149K | $712K | $313K | — | View 990 |
| 2013 | $28K | $131K | $745K | $238K | — | View 990 |
| 2012 | $122K | $118K | $784K | $170K | — | View 990 |
| 2011 | $107K | $140K | $739K | $128K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $442K, expenses of $236K, and assets of $417K (revenue +138.7% year-over-year).
- 2023: Revenue of $185K, expenses of $206K, and assets of $444K (revenue +7.6% year-over-year).
- 2022: Revenue of $172K, expenses of $206K, and assets of $506K (revenue -2.3% year-over-year).
- 2021: Revenue of $176K, expenses of $161K, and assets of $504K (revenue +45.1% year-over-year).
- 2020: Revenue of $121K, expenses of $170K, and assets of $561K (revenue +4.0% year-over-year).
- 2019: Revenue of $117K, expenses of $140K, and assets of $699K (revenue +131.1% year-over-year).
- 2018: Revenue of $50K, expenses of $144K, and assets of $574K (revenue -50.2% year-over-year).
- 2017: Revenue of $101K, expenses of $144K, and assets of $626K (revenue +130.1% year-over-year).
- 2016: Revenue of $44K, expenses of $154K, and assets of $760K (revenue +7.0% year-over-year).
- 2015: Revenue of $41K, expenses of $145K, and assets of $810K (revenue -1.5% year-over-year).
- 2014: Revenue of $42K, expenses of $149K, and assets of $712K (revenue +49.8% year-over-year).
- 2013: Revenue of $28K, expenses of $131K, and assets of $745K (revenue -77.1% year-over-year).
- 2012: Revenue of $122K, expenses of $118K, and assets of $784K (revenue +14.3% year-over-year).
- 2011: Revenue of $107K, expenses of $140K, and assets of $739K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount David Housing Inc:
Data Sources and Methodology
This transparency report for Mount David 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.