Oakfield Housing Corporation
Oakfield Housing Corporation maintains balanced finances with no executive compensation and decreasing liabilities.
EIN: 10363316 · Easton, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $358K |
| Total Expenses | $359K |
| Program Spending | 90% |
| Net Assets | $736K |
| Transparency Score | 92/100 |
Is Oakfield Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oakfield Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oakfield Housing Corporation
Oakfield Housing Corporation (EIN: 10363316) is a nonprofit organization based in Easton, ME, classified under NTEE code L22Z. The organization reported total revenue of $358K and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oakfield Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oakfield Housing Corporation is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $359K |
| Surplus / Deficit | +$4K |
| Total Assets | $826K |
| Total Liabilities | $90K |
| Net Assets | $736K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 10.9% |
| Months of Reserves | 27.6 months |
Financial Health Grade: A
In 2023, Oakfield Housing Corporation reported a surplus of $4K with revenue exceeding expenses, holds 27.6 months of operating reserves (strong position), has a debt-to-asset ratio of 10.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Oakfield Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +9.5% | -3.2% |
| 2022 | +6.3% | +3.9% | -3.6% |
| 2021 | +0.1% | +5.4% | -3.1% |
| 2020 | -0.8% | -2.5% | -2.1% |
| 2019 | -0.5% | +11.7% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Oakfield Housing Corporation with a Mission Score of 92 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: 90%
- fundraising: 0%
According to IRS 990 filings, Oakfield Housing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries, which is highly unusual for an organization of this size and suggests a volunteer-driven leadership model.
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 Oakfield Housing Corporation's IRS 990 filings:
- Gradual decline in total assets over the past five years (from $951,849 in 2018 to $825,717 in 2023).
Strengths
The following positive indicators were identified for Oakfield Housing Corporation:
- Consistent balanced budget with revenues closely matching or exceeding expenses (e.g., 2023: Revenue $363,007, Expenses $358,677).
- Zero executive compensation reported across all filings, indicating high efficiency and dedication to mission.
- Significant reduction in liabilities over time (from $236,990 in 2018 to $89,826 in 2023), improving financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Strong program spending ratio due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Oakfield Housing Corporation
Is Oakfield Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Oakfield Housing Corporation (EIN: 10363316) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Oakfield Housing Corporation spend its money?
Oakfield Housing Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oakfield Housing Corporation tax-deductible?
Oakfield Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10363316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Oakfield Housing Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Oakfield 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 Oakfield Housing Corporation located?
Oakfield Housing Corporation is headquartered in Easton, Maine and files with the IRS under EIN 10363316. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Oakfield Housing Corporation have?
Oakfield 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 $358K in total revenue.
Is Oakfield Housing Corporation a good charity?
Based on the available data, Oakfield Housing Corporation appears to be a good charity. It consistently operates with a balanced budget, has no reported executive compensation, and has significantly reduced its liabilities over time, indicating strong financial management and a focus on its mission.
How does Oakfield Housing Corporation manage its administrative costs?
The organization manages administrative costs very effectively, primarily by reporting 0% officer compensation across all filings. This suggests a highly efficient, possibly volunteer-led, administrative structure, allowing more funds to be directed to programs.
What is the trend in Oakfield Housing Corporation's assets and liabilities?
Oakfield Housing Corporation's assets have shown a gradual decline from $951,849 in 2018 to $825,717 in 2023. However, its liabilities have significantly decreased from $236,990 in 2018 to $89,826 in 2023, which is a positive financial trend.
Filing History
IRS 990 filing history for Oakfield Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Oakfield Housing Corporation's revenue has grown by 7%, moving from $339K to $363K. Total assets decreased by 2.8% over the same period, from $850K to $826K. Total functional expenses rose by 19.1%, from $301K to $359K. In its most recent filing year (2023), Oakfield Housing Corporation reported a surplus of $4K, with revenue exceeding expenses. The organization holds $90K in liabilities against $826K in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $736K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $363K | $359K | $826K | $90K | — | View 990 |
| 2022 | $331K | $328K | $853K | $122K | — | View 990 |
| 2021 | $311K | $315K | $886K | $157K | — | — |
| 2020 | $311K | $299K | $914K | $181K | — | — |
| 2019 | $313K | $307K | $933K | $212K | — | View 990 |
| 2018 | $315K | $274K | $952K | $237K | — | View 990 |
| 2017 | $328K | $312K | $945K | $270K | — | View 990 |
| 2016 | $330K | $269K | $944K | $286K | — | View 990 |
| 2015 | $332K | $291K | $905K | $308K | — | View 990 |
| 2014 | $334K | $310K | $889K | $332K | — | View 990 |
| 2013 | $335K | $297K | $889K | $356K | — | View 990 |
| 2012 | $337K | $286K | $878K | $384K | — | View 990 |
| 2011 | $339K | $301K | $850K | $407K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $363K, expenses of $359K, and assets of $826K (revenue +9.8% year-over-year).
- 2022: Revenue of $331K, expenses of $328K, and assets of $853K (revenue +6.3% year-over-year).
- 2021: Revenue of $311K, expenses of $315K, and assets of $886K (revenue +0.1% year-over-year).
- 2020: Revenue of $311K, expenses of $299K, and assets of $914K (revenue -0.8% year-over-year).
- 2019: Revenue of $313K, expenses of $307K, and assets of $933K (revenue -0.5% year-over-year).
- 2018: Revenue of $315K, expenses of $274K, and assets of $952K (revenue -4.2% year-over-year).
- 2017: Revenue of $328K, expenses of $312K, and assets of $945K (revenue -0.6% year-over-year).
- 2016: Revenue of $330K, expenses of $269K, and assets of $944K (revenue -0.4% year-over-year).
- 2015: Revenue of $332K, expenses of $291K, and assets of $905K (revenue -0.5% year-over-year).
- 2014: Revenue of $334K, expenses of $310K, and assets of $889K (revenue -0.4% year-over-year).
- 2013: Revenue of $335K, expenses of $297K, and assets of $889K (revenue -0.6% year-over-year).
- 2012: Revenue of $337K, expenses of $286K, and assets of $878K (revenue -0.6% year-over-year).
- 2011: Revenue of $339K, expenses of $301K, and assets of $850K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oakfield Housing Corporation:
Data Sources and Methodology
This transparency report for Oakfield 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.