Patten Housing Corp
Patten Housing Corp maintains stable operations with no executive compensation, despite a gradual decline in assets.
EIN: 10332352 · Caribou, ME · NTEE: L22Z · Updated: 2026-03-28
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $351K |
| Total Expenses | $305K |
| Program Spending | 90% |
| Net Assets | $472K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Patten Housing Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals
Patten Housing Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Patten Housing Corp in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $296K and expenses of $305K.
Revenue and Expenses
Patten Housing Corp reported $296K in revenue and $305K in expenses, a deficit of $9K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Patten Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $274K (90%) |
Across stored filings, Patten Housing Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Category L context |
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Caribou, ME nonprofitsCategory L in Maine
Human Services in Maine
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Patten Housing Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Patten Housing Corp
Patten Housing Corp (EIN: 10332352) is a nonprofit organization based in Caribou, ME, classified under NTEE code L22Z. The organization reported total revenue of $351K and total assets of $568K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Patten Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Patten Housing Corp 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 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $296K |
| Total Expenses | $305K |
| Surplus / Deficit | $-8,694 |
| Total Assets | $531K |
| Total Liabilities | $59K |
| Net Assets | $472K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 11.1% |
| Months of Reserves | 20.9 months |
Financial Health Grade: B
In 2023, Patten Housing Corp reported a deficit of $9K with expenses exceeding revenue, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 11.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Patten Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +2.4% | -4.5% |
| 2022 | +11.6% | +19.1% | -7.2% |
| 2021 | -0.7% | +6.8% | -4.0% |
| 2020 | -0.7% | -10.3% | -0.9% |
| 2019 | -0.6% | -3.7% | -5.0% |
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 Patten Housing Corp with a Mission Score of 90 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, Patten Housing Corp 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 deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.1%.
Executive Compensation Analysis
Patten Housing Corp consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Patten Housing Corp's IRS 990 filings:
- Gradual decline in total assets over the past several years (from $698,573 in 2017 to $531,360 in 2023).
Strengths
The following positive indicators were identified for Patten Housing Corp:
- Consistent 0% officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Stable revenue and expense patterns over the past decade, suggesting predictable operations.
- Significant reduction in liabilities over time, from $177,768 in 2017 to $59,138 in 2023, improving financial stability.
- No reported fundraising expenses, implying direct allocation of resources to programs.
Frequently Asked Questions about Patten Housing Corp
Is Patten Housing Corp a legitimate charity?
Patten Housing Corp (EIN: 10332352) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $351K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Patten Housing Corp spend its money?
Patten Housing Corp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Patten Housing Corp tax-deductible?
Patten Housing Corp is registered as a tax-exempt nonprofit (EIN: 10332352). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Patten Housing Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Patten Housing Corp 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 Patten Housing Corp located?
Patten Housing Corp is headquartered in Caribou, Maine and files with the IRS under EIN 10332352. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Patten Housing Corp have?
Patten 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 $351K in total revenue.
Is Patten Housing Corp a good charity?
Based on the available IRS 990 data, Patten Housing Corp demonstrates strong financial health in terms of spending efficiency, with 0% officer compensation reported consistently. Its stable revenue and expense patterns, coupled with decreasing liabilities, suggest responsible management. The lack of reported fundraising expenses also indicates a focus on direct program delivery rather than extensive fundraising efforts.
How has Patten Housing Corp's financial position changed over time?
Patten Housing Corp has maintained relatively stable revenues and expenses over the past decade. Its assets have seen a gradual decline from a peak of $698,573 in 2017 to $531,360 in 2023, while its liabilities have also significantly decreased from $177,768 in 2017 to $59,138 in 2023, indicating a reduction in debt.
What is Patten Housing Corp's approach to executive compensation?
Patten Housing Corp consistently reports 0% officer compensation in all available IRS 990 filings. This suggests a highly efficient and potentially volunteer-driven leadership structure, ensuring that funds are directed towards the organization's mission rather than executive salaries.
Filing History
IRS 990 filing history for Patten Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Patten Housing Corp's revenue has grown by 13.4%, moving from $261K to $296K. Total assets decreased by 20% over the same period, from $664K to $531K. Total functional expenses rose by 36.8%, from $223K to $305K. In its most recent filing year (2023), Patten Housing Corp reported a deficit of $9K, with expenses exceeding revenue. The organization holds $59K in liabilities against $531K in assets (debt-to-asset ratio: 11.1%), resulting in net assets of $472K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $296K | $305K | $531K | $59K | — | — |
| 2022 | $275K | $297K | $556K | $75K | — | View 990 |
| 2021 | $247K | $250K | $599K | $96K | — | — |
| 2020 | $249K | $234K | $624K | $118K | — | — |
| 2019 | $250K | $261K | $629K | $138K | — | View 990 |
| 2018 | $252K | $271K | $662K | $161K | — | View 990 |
| 2017 | $253K | $231K | $699K | $178K | — | View 990 |
| 2016 | $255K | $215K | $692K | $193K | — | View 990 |
| 2015 | $256K | $230K | $671K | $212K | — | View 990 |
| 2014 | $258K | $252K | $668K | $234K | — | View 990 |
| 2013 | $258K | $228K | $676K | $249K | — | View 990 |
| 2012 | $255K | $235K | $666K | $269K | — | View 990 |
| 2011 | $261K | $223K | $664K | $287K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $296K, expenses of $305K, and assets of $531K (revenue +7.5% year-over-year).
- 2022: Revenue of $275K, expenses of $297K, and assets of $556K (revenue +11.6% year-over-year).
- 2021: Revenue of $247K, expenses of $250K, and assets of $599K (revenue -0.7% year-over-year).
- 2020: Revenue of $249K, expenses of $234K, and assets of $624K (revenue -0.7% year-over-year).
- 2019: Revenue of $250K, expenses of $261K, and assets of $629K (revenue -0.6% year-over-year).
- 2018: Revenue of $252K, expenses of $271K, and assets of $662K (revenue -0.6% year-over-year).
- 2017: Revenue of $253K, expenses of $231K, and assets of $699K (revenue -0.6% year-over-year).
- 2016: Revenue of $255K, expenses of $215K, and assets of $692K (revenue -0.6% year-over-year).
- 2015: Revenue of $256K, expenses of $230K, and assets of $671K (revenue -0.8% year-over-year).
- 2014: Revenue of $258K, expenses of $252K, and assets of $668K (revenue -0.1% year-over-year).
- 2013: Revenue of $258K, expenses of $228K, and assets of $676K (revenue +1.1% year-over-year).
- 2012: Revenue of $255K, expenses of $235K, and assets of $666K (revenue -2.2% year-over-year).
- 2011: Revenue of $261K, expenses of $223K, and assets of $664K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Patten Housing Corp:
Data Sources and Methodology
This transparency report for Patten 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.