South Portland Housing Development Corporation
South Portland Housing Development Corporation: Steady Growth, Strong Program Focus
EIN: 222648277 · S Portland, ME · NTEE: L22 · Updated: 2026-04-04
Is South Portland Housing Development Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Portland Housing Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Portland Housing Development Corporation
South Portland Housing Development Corporation (EIN: 222648277) is a nonprofit organization based in S Portland, ME, classified under NTEE code L22. The organization reported total revenue of $4.6M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Portland Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Portland Housing Development Corporation 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: 80%
- fundraising: 10%
According to IRS 990 filings, South Portland Housing Development Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the available data.
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 Portland Housing Development Corporation:
- Consistent revenue growth observed from $608,642 in 2016 to $4,071,254 in 2023, indicating strong financial health and increasing operational capacity.
- Assets have shown significant growth, from $5,476,840 in 2016 to $10,409,961 in 2023, suggesting effective asset management and expansion.
- The organization maintains a healthy asset-to-liability ratio, with assets consistently exceeding liabilities, indicating financial stability.
Frequently Asked Questions about South Portland Housing Development Corporation
Is South Portland Housing Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, South Portland Housing Development Corporation (EIN: 222648277) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does South Portland Housing Development Corporation spend its money?
South Portland Housing Development Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Portland Housing Development Corporation tax-deductible?
South Portland Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 222648277). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does South Portland Housing Development Corporation do?
South Portland Housing Development Corporation is a nonprofit organization in the Housing & Shelter sector, located in S Portland, Maine. It is classified under NTEE code L22.
How much revenue does South Portland Housing Development Corporation have?
South Portland Housing Development Corporation reported total revenue of $4,647,507. Based on 13 IRS 990 filings on record.
What are South Portland Housing Development Corporation's total assets?
South Portland Housing Development Corporation holds total assets of $10,812,211 as reported in IRS 990 filings.
Where is South Portland Housing Development Corporation located?
South Portland Housing Development Corporation is based in S Portland, Maine.
What is South Portland Housing Development Corporation's EIN?
South Portland Housing Development Corporation's Employer Identification Number (EIN) is 222648277. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is South Portland Housing Development Corporation?
South Portland Housing Development Corporation is classified under NTEE code L22 (Housing & Shelter).
Is South Portland Housing Development Corporation a registered 501(c)(3)?
Yes, South Portland Housing Development Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222648277.
Does South Portland Housing Development Corporation file IRS Form 990?
Yes, South Portland Housing Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was South Portland Housing Development Corporation's revenue in 2023?
In the 202309 filing period, South Portland Housing Development Corporation reported total revenue of $4,071,254, total expenses of $2,713,257, and net assets of $10,409,961.
Is South Portland Housing Development Corporation's revenue growing or declining?
South Portland Housing Development Corporation's revenue is growing. Revenue went from $2,010,924 (202209) to $4,071,254 (202309), a +102.5% change. Based on 13 filings on record.
What is South Portland Housing Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for South Portland Housing Development Corporation covers tax period 202309. It shows revenue of $4,071,254, expenses of $2,713,257, total assets of $10,409,961, and liabilities of $2,542,759.
How much does South Portland Housing Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, South Portland Housing Development Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is South Portland Housing Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, South Portland Housing Development Corporation appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are South Portland Housing Development Corporation's strengths?
Positive indicators for South Portland Housing Development Corporation include: Consistent revenue growth observed from $608,642 in 2016 to $4,071,254 in 2023, indicating strong financial health and increasing operational capacity.. Assets have shown significant growth, from $5,476,840 in 2016 to $10,409,961 in 2023, suggesting effective asset management and expansion.. The organization maintains a healthy asset-to-liability ratio, with assets consistently exceeding liabilities, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does South Portland Housing Development Corporation compensate executives?
Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization's substantial increase in revenue and assets translate into tangible community impact and housing development projects?
While the financial data shows significant growth in revenue and assets, specific details on the number of housing units developed, residents served, or specific program outcomes are not provided, making a direct correlation to tangible impact challenging without further program-specific reporting.
Filing History
IRS 990 filing history for South Portland Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Portland Housing Development Corporation's revenue has grown by 648.1%, moving from $544K to $4.1M. Total assets increased by 30.3% over the same period, from $8.0M to $10.4M. Total functional expenses rose by 1163.1%, from $215K to $2.7M. In its most recent filing year (2023), South Portland Housing Development Corporation reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $10.4M in assets (debt-to-asset ratio: 24.4%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $2.7M | $10.4M | $2.5M | — | — |
| 2022 | $2.0M | $1.3M | $9.2M | $2.7M | — | View 990 |
| 2021 | $1.2M | $1.0M | $9.1M | $2.3M | — | View 990 |
| 2020 | $1.6M | $1.9M | $8.0M | $1.9M | — | — |
| 2019 | $777K | $1.0M | $8.0M | $2.1M | — | View 990 |
| 2018 | $738K | $974K | $7.9M | $2.1M | — | View 990 |
| 2017 | $686K | $951K | $8.0M | $2.3M | — | View 990 |
| 2016 | $609K | $842K | $5.5M | $2.5M | — | View 990 |
| 2015 | $1.2M | $619K | $6.0M | $3.0M | — | View 990 |
| 2014 | $490K | $558K | $5.5M | $3.2M | — | View 990 |
| 2013 | $464K | $407K | $9.5M | $3.6M | — | View 990 |
| 2012 | $447K | $375K | $9.5M | $3.8M | — | View 990 |
| 2011 | $544K | $215K | $8.0M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $2.7M, and assets of $10.4M (revenue +102.5% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.3M, and assets of $9.2M (revenue +62.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $9.1M (revenue -22.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.9M, and assets of $8.0M (revenue +107.2% year-over-year).
- 2019: Revenue of $777K, expenses of $1.0M, and assets of $8.0M (revenue +5.3% year-over-year).
- 2018: Revenue of $738K, expenses of $974K, and assets of $7.9M (revenue +7.5% year-over-year).
- 2017: Revenue of $686K, expenses of $951K, and assets of $8.0M (revenue +12.8% year-over-year).
- 2016: Revenue of $609K, expenses of $842K, and assets of $5.5M (revenue -48.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $619K, and assets of $6.0M (revenue +141.0% year-over-year).
- 2014: Revenue of $490K, expenses of $558K, and assets of $5.5M (revenue +5.7% year-over-year).
- 2013: Revenue of $464K, expenses of $407K, and assets of $9.5M (revenue +3.6% year-over-year).
- 2012: Revenue of $447K, expenses of $375K, and assets of $9.5M (revenue -17.8% year-over-year).
- 2011: Revenue of $544K, expenses of $215K, and assets of $8.0M.
Data Sources and Methodology
This transparency report for South Portland Housing Development 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.