South Church Housing Corp
South Church Housing Corp maintains stable finances with no reported officer compensation.
EIN: 10331435 · Kennebunk, ME · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $51K |
| Program Spending | 90% |
| Net Assets | $55K |
| Transparency Score | 85/100 |
Is South Church Housing Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Church Housing Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Church Housing Corp
South Church Housing Corp (EIN: 10331435) is a nonprofit organization based in Kennebunk, ME, classified under NTEE code L21. The organization reported total revenue of $52K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Church Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Church Housing Corp is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $51K |
| Surplus / Deficit | $-774 |
| Total Assets | $55K |
| Total Liabilities | $65 |
| Net Assets | $55K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 12.9 months |
Financial Health Grade: B
In 2023, South Church Housing Corp reported a deficit of $774 with expenses exceeding revenue, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Church Housing Corp's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +13.1% | -2.8% |
| 2022 | +1.4% | +12.4% | +10.7% |
| 2021 | +5.4% | +0.4% | +24.8% |
| 2020 | +12.6% | -21.6% | +21.1% |
| 2019 | +4.1% | +13.4% | -21.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 South Church Housing Corp with a Mission Score of 85 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, South Church 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 $774, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization 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 efficient for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for South Church Housing Corp:
- Consistent IRS 990 filing history (13 filings), indicating transparency.
- 0% officer compensation reported across all filings, suggesting high operational efficiency.
- Stable financial position with consistent positive net assets (e.g., $55,007 assets vs. $65 liabilities in 2023).
- Revenue consistently utilized for operations, with expenses closely matching revenue.
Frequently Asked Questions about South Church Housing Corp
Is South Church Housing Corp a legitimate charity?
South Church Housing Corp (EIN: 10331435) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $52K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does South Church Housing Corp spend its money?
South Church Housing Corp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to South Church Housing Corp tax-deductible?
South Church Housing Corp is registered as a tax-exempt nonprofit (EIN: 10331435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does South Church Housing Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), South Church Housing Corp is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Church Housing Corp located?
South Church Housing Corp is headquartered in Kennebunk, Maine and files with the IRS under EIN 10331435. It is classified under NTEE code L21.
How many years of IRS 990 filings does South Church Housing Corp have?
South Church 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 $52K in total revenue.
Is South Church Housing Corp a good charity?
Based on the available data, South Church Housing Corp appears to be a good charity. It consistently files its IRS 990s, maintains stable finances, and reports no officer compensation, suggesting high efficiency and a strong focus on its mission.
How does South Church Housing Corp manage its expenses?
South Church Housing Corp generally spends close to its annual revenue. For example, in 2023, it had revenues of $50,538 and expenses of $51,312. This indicates that funds are actively used for operations rather than accumulating large surpluses.
What is the financial stability of South Church Housing Corp?
The organization demonstrates good financial stability for its size, consistently maintaining positive net assets. In 2023, it reported assets of $55,007 against liabilities of $65, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for South Church Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Church Housing Corp's revenue has declined by 44.4%, moving from $91K to $51K. Total assets increased by 36% over the same period, from $40K to $55K. Total functional expenses fell by 55%, from $114K to $51K. In its most recent filing year (2023), South Church Housing Corp reported a deficit of $774, with expenses exceeding revenue. The organization holds $65 in liabilities against $55K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $51K | $55K | $65 | — | — |
| 2022 | $51K | $45K | $57K | $885 | — | View 990 |
| 2021 | $50K | $40K | $51K | $618 | — | View 990 |
| 2020 | $47K | $40K | $41K | $0 | — | View 990 |
| 2019 | $42K | $51K | $34K | $0 | — | View 990 |
| 2018 | $40K | $45K | $43K | $0 | — | View 990 |
| 2017 | $39K | $39K | $48K | $0 | — | View 990 |
| 2016 | $41K | $34K | $48K | $0 | — | View 990 |
| 2015 | $39K | $36K | $42K | $0 | — | View 990 |
| 2014 | $38K | $42K | $38K | $0 | — | View 990 |
| 2013 | $38K | $40K | $43K | $0 | — | View 990 |
| 2012 | $38K | $34K | $42K | $0 | — | View 990 |
| 2011 | $91K | $114K | $40K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $51K, and assets of $55K (revenue -0.1% year-over-year).
- 2022: Revenue of $51K, expenses of $45K, and assets of $57K (revenue +1.4% year-over-year).
- 2021: Revenue of $50K, expenses of $40K, and assets of $51K (revenue +5.4% year-over-year).
- 2020: Revenue of $47K, expenses of $40K, and assets of $41K (revenue +12.6% year-over-year).
- 2019: Revenue of $42K, expenses of $51K, and assets of $34K (revenue +4.1% year-over-year).
- 2018: Revenue of $40K, expenses of $45K, and assets of $43K (revenue +3.2% year-over-year).
- 2017: Revenue of $39K, expenses of $39K, and assets of $48K (revenue -3.4% year-over-year).
- 2016: Revenue of $41K, expenses of $34K, and assets of $48K (revenue +3.2% year-over-year).
- 2015: Revenue of $39K, expenses of $36K, and assets of $42K (revenue +3.2% year-over-year).
- 2014: Revenue of $38K, expenses of $42K, and assets of $38K (revenue +0.5% year-over-year).
- 2013: Revenue of $38K, expenses of $40K, and assets of $43K (revenue -1.4% year-over-year).
- 2012: Revenue of $38K, expenses of $34K, and assets of $42K (revenue -57.8% year-over-year).
- 2011: Revenue of $91K, expenses of $114K, and assets of $40K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Church Housing Corp:
Data Sources and Methodology
This transparency report for South Church 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.