Orrington Housing Corp
Orrington Housing Corp consistently operates at a deficit, with assets declining over the past decade.
EIN: 10357799 · Bangor, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $234K |
| Program Spending | 80% |
| Net Assets | $-213,308 |
| Transparency Score | 65/100 |
Is Orrington Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Orrington Housing Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Orrington Housing Corp
Orrington Housing Corp (EIN: 10357799) is a nonprofit organization based in Bangor, ME, classified under NTEE code L22. The organization reported total revenue of $214K and total assets of $548K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Orrington Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Orrington Housing Corp is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $234K |
| Surplus / Deficit | $-32,917 |
| Total Assets | $586K |
| Total Liabilities | $799K |
| Net Assets | $-213,308 |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 136.4% |
| Months of Reserves | 30.1 months |
Financial Health Grade: C
In 2023, Orrington Housing Corp reported a deficit of $33K with expenses exceeding revenue, holds 30.1 months of operating reserves (strong position), has a debt-to-asset ratio of 136.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Orrington Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +10.1% | -4.6% |
| 2022 | +6.1% | +2.5% | -2.2% |
| 2021 | +0.2% | +10.1% | -4.1% |
| 2020 | +3.6% | -11.3% | +-0.0% |
| 2019 | +2.5% | +4.8% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Orrington Housing Corp 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Orrington Housing Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 136.4%.
Executive Compensation Analysis
No officer compensation has been reported across all available filing periods, suggesting a volunteer leadership structure or that compensation is categorized differently, which is a positive indicator for resource allocation if truly volunteer-led.
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 Orrington Housing Corp's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $233,581 expenses vs. $200,664 revenue in 2023.
- Declining asset base over the past decade, from $785,228 in 2014 to $585,917 in 2023.
- Liabilities consistently exceed assets, indicating potential solvency concerns or significant debt.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering full efficiency assessment.
Strengths
The following positive indicators were identified for Orrington Housing Corp:
- Long operational history with 13 IRS 990 filings, indicating sustained activity.
- No reported officer compensation, suggesting a volunteer-driven leadership or efficient use of funds for executive roles.
- Consistent revenue generation, albeit often insufficient to cover expenses.
Frequently Asked Questions about Orrington Housing Corp
Is Orrington Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Orrington Housing Corp (EIN: 10357799) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Orrington Housing Corp spend its money?
Orrington Housing Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Orrington Housing Corp tax-deductible?
Orrington Housing Corp is registered as a tax-exempt nonprofit (EIN: 10357799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Orrington Housing Corp's spending goes to programs?
Orrington Housing Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Orrington Housing Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Orrington Housing Corp is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Orrington Housing Corp located?
Orrington Housing Corp is headquartered in Bangor, Maine and files with the IRS under EIN 10357799. It is classified under NTEE code L22.
How many years of IRS 990 filings does Orrington Housing Corp have?
Orrington Housing Corp 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 $214K in total revenue.
Is Orrington Housing Corp a good charity?
Orrington Housing Corp has a consistent history of providing services, as indicated by its long filing history. However, its financial sustainability is a concern due to persistent operational deficits and declining assets. Without more detailed expense breakdowns, it's hard to fully assess its efficiency.
Why are liabilities consistently higher than assets?
The consistent imbalance where liabilities exceed assets (e.g., $799,225 liabilities vs. $585,917 assets in 2023) suggests the organization may have significant long-term debt or restricted funds that are not fully offset by unrestricted assets. This warrants further investigation into the nature of these liabilities.
How does Orrington Housing Corp cover its operational deficits?
The data shows consistent operational deficits (e.g., $233,581 expenses vs. $200,664 revenue in 2023). This suggests the organization is either drawing down reserves, receiving undisclosed grants, or incurring debt to cover its annual operating costs. This is a key area for further inquiry regarding financial stability.
What is the trend in the organization's financial health?
The organization's financial health shows a concerning trend of declining assets (from $785,228 in 2014 to $585,917 in 2023) and persistent operational deficits over the past decade, indicating a potential long-term sustainability challenge.
Filing History
IRS 990 filing history for Orrington Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Orrington Housing Corp's revenue has grown by 6.3%, moving from $189K to $201K. Total assets decreased by 1.1% over the same period, from $593K to $586K. Total functional expenses rose by 37.8%, from $169K to $234K. In its most recent filing year (2023), Orrington Housing Corp reported a deficit of $33K, with expenses exceeding revenue. The organization holds $799K in liabilities against $586K in assets (debt-to-asset ratio: 136.4%), resulting in net assets of $-213,308.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $201K | $234K | $586K | $799K | — | — |
| 2022 | $194K | $212K | $614K | $795K | — | View 990 |
| 2021 | $183K | $207K | $628K | $790K | — | View 990 |
| 2020 | $182K | $188K | $655K | $793K | — | — |
| 2019 | $176K | $212K | $655K | $788K | — | View 990 |
| 2018 | $172K | $202K | $691K | $788K | — | View 990 |
| 2017 | $174K | $191K | $717K | $784K | — | View 990 |
| 2016 | $173K | $192K | $735K | $785K | — | View 990 |
| 2015 | $170K | $203K | $752K | $782K | — | View 990 |
| 2014 | $159K | $225K | $785K | $782K | — | View 990 |
| 2013 | $182K | $176K | $920K | $851K | — | View 990 |
| 2012 | $193K | $177K | $596K | $532K | — | View 990 |
| 2011 | $189K | $169K | $593K | $544K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $201K, expenses of $234K, and assets of $586K (revenue +3.5% year-over-year).
- 2022: Revenue of $194K, expenses of $212K, and assets of $614K (revenue +6.1% year-over-year).
- 2021: Revenue of $183K, expenses of $207K, and assets of $628K (revenue +0.2% year-over-year).
- 2020: Revenue of $182K, expenses of $188K, and assets of $655K (revenue +3.6% year-over-year).
- 2019: Revenue of $176K, expenses of $212K, and assets of $655K (revenue +2.5% year-over-year).
- 2018: Revenue of $172K, expenses of $202K, and assets of $691K (revenue -1.3% year-over-year).
- 2017: Revenue of $174K, expenses of $191K, and assets of $717K (revenue +0.7% year-over-year).
- 2016: Revenue of $173K, expenses of $192K, and assets of $735K (revenue +1.8% year-over-year).
- 2015: Revenue of $170K, expenses of $203K, and assets of $752K (revenue +6.4% year-over-year).
- 2014: Revenue of $159K, expenses of $225K, and assets of $785K (revenue -12.2% year-over-year).
- 2013: Revenue of $182K, expenses of $176K, and assets of $920K (revenue -5.8% year-over-year).
- 2012: Revenue of $193K, expenses of $177K, and assets of $596K (revenue +2.1% year-over-year).
- 2011: Revenue of $189K, expenses of $169K, and assets of $593K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Orrington Housing Corp:
Data Sources and Methodology
This transparency report for Orrington Housing Corp 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.