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

$351KRevenue

$568KAssets

90/100Mission Score (Excellent)

L22Z

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.

AI Transparency Report

Patten Housing Corp appears to be a stable, albeit small, nonprofit focused on its mission. Over the past several years, its revenues and expenses have remained relatively consistent, hovering around $250,000-$300,000 annually. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a volunteer-driven leadership model, enhancing its transparency and public trust. While the organization has experienced a slight decline in assets over the past few years, from $698,573 in 2017 to $531,360 in 2023, its liabilities have also decreased significantly, from $177,768 to $59,138 in the same period, suggesting responsible financial management. The consistent reporting of no officer compensation across all available filings is a significant positive for transparency and efficiency.

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.

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 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.	PDF
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.

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.