Portland Housing Services Corporation
EIN: 271424622 · Portland, ME · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $42K |
| Net Assets | $219K |
Is Portland Housing Services Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Portland Housing Services Corporation
Portland Housing Services Corporation (EIN: 271424622) is a nonprofit organization based in Portland, ME, classified under NTEE code L21. The organization reported total revenue of $55K and total assets of $230K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Housing Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Housing Services Corporation is a micro nonprofit that has been operating for 16 years, with 3 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $42K |
| Surplus / Deficit | $-1,986 |
| Total Assets | $219K |
| Total Liabilities | $39 |
| Net Assets | $219K |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 62.8 months |
Financial Health Grade: B
In 2023, Portland Housing Services Corporation reported a deficit of $2K with expenses exceeding revenue, holds 62.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 3 years of filings (2013–2023), Portland Housing Services Corporation's revenue has declined at a compound annual growth rate (CAGR) of -10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -51.9% | -22.2% | -0.9% |
| 2022 | -27.9% | +795.7% | +97.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Portland Housing Services Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Portland Housing Services Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Portland Housing Services Corporation
Is Portland Housing Services Corporation a legitimate charity?
Portland Housing Services Corporation (EIN: 271424622) is a registered tax-exempt nonprofit based in Maine. It has 3 years of IRS 990 filings on record. Total revenue: $55K. No red flags identified. Financial health grade: B.
How does Portland Housing Services Corporation spend its money?
Portland Housing Services Corporation reported $55K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Portland Housing Services Corporation tax-deductible?
Portland Housing Services Corporation is registered as a tax-exempt nonprofit (EIN: 271424622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Portland Housing Services Corporation located?
Portland Housing Services Corporation is headquartered in Portland, Maine and files with the IRS under EIN 271424622. It is classified under NTEE code L21.
How many years of IRS 990 filings does Portland Housing Services Corporation have?
Portland Housing Services Corporation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $55K in total revenue.
Filing History
IRS 990 filing history for Portland Housing Services Corporation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2013–2023), Portland Housing Services Corporation's revenue has declined by 65.3%, moving from $115K to $40K. Total assets increased by 96.1% over the same period, from $112K to $219K. Total functional expenses rose by 596.6%, from $6K to $42K. In its most recent filing year (2023), Portland Housing Services Corporation reported a deficit of $2K, with expenses exceeding revenue. The organization holds $39 in liabilities against $219K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $219K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $40K | $42K | $219K | $39 | — | View 990 |
| 2022 | $83K | $54K | $221K | $0 | — | — |
| 2013 | $115K | $6K | $112K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $40K, expenses of $42K, and assets of $219K (revenue -51.9% year-over-year).
- 2022: Revenue of $83K, expenses of $54K, and assets of $221K (revenue -27.9% year-over-year).
- 2013: Revenue of $115K, expenses of $6K, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Housing Services Corporation:
Data Sources and Methodology
This transparency report for Portland Housing Services 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.