Stella Maris Housing Development Corp
Stella Maris Housing Development Corp maintains consistent operations but faces persistent asset-liability imbalance.
EIN: 10376239 · Rockland, ME · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $734K |
| Total Expenses | $686K |
| Program Spending | 90% |
| Net Assets | $-460,377 |
| Transparency Score | 75/100 |
Is Stella Maris Housing Development Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stella Maris Housing Development Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stella Maris Housing Development Corp
Stella Maris Housing Development Corp (EIN: 10376239) is a nonprofit organization based in Rockland, ME, classified under NTEE code L21Z. The organization reported total revenue of $734K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stella Maris Housing Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stella Maris Housing Development 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 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $649K |
| Total Expenses | $686K |
| Surplus / Deficit | $-37,260 |
| Total Assets | $1.4M |
| Total Liabilities | $1.9M |
| Net Assets | $-460,377 |
| Operating Margin | -5.7% |
| Debt-to-Asset Ratio | 132.5% |
| Months of Reserves | 24.8 months |
Financial Health Grade: C
In 2023, Stella Maris Housing Development Corp reported a deficit of $37K with expenses exceeding revenue, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 132.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Stella Maris Housing Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +5.9% | -8.0% |
| 2022 | +1.4% | +3.2% | -5.4% |
| 2021 | +2.9% | +6.9% | -3.6% |
| 2020 | +2.6% | -3.7% | -1.8% |
| 2019 | +1.4% | +1.7% | -4.0% |
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 Stella Maris Housing Development Corp with a Mission Score of 75 out of 100 (Good). 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, Stella Maris Housing Development 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 $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 132.5%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This suggests a highly efficient use of funds, with resources directly allocated to programmatic activities rather than administrative overhead for leadership.
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 Stella Maris Housing Development Corp's IRS 990 filings:
- Liabilities consistently exceed assets, indicating potential long-term solvency issues (e.g., $1,876,340 liabilities vs. $1,415,963 assets in 2023).
- Consistent slight operating deficits in recent years (e.g., $648,923 revenue vs. $686,183 expenses in 2023).
Strengths
The following positive indicators were identified for Stella Maris Housing Development Corp:
- Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
- Consistent revenue generation over a decade, demonstrating stable operational funding.
- Clear alignment between organizational name, NTEE code (L21Z - Housing Development), and likely programmatic focus.
Frequently Asked Questions about Stella Maris Housing Development Corp
Is Stella Maris Housing Development Corp a legitimate charity?
Stella Maris Housing Development Corp (EIN: 10376239) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $734K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Stella Maris Housing Development Corp spend its money?
Stella Maris Housing Development Corp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Stella Maris Housing Development Corp tax-deductible?
Stella Maris Housing Development Corp is registered as a tax-exempt nonprofit (EIN: 10376239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Stella Maris Housing Development Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Stella Maris Housing Development Corp is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Stella Maris Housing Development Corp located?
Stella Maris Housing Development Corp is headquartered in Rockland, Maine and files with the IRS under EIN 10376239. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Stella Maris Housing Development Corp have?
Stella Maris Housing Development 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 $734K in total revenue.
Is Stella Maris Housing Development Corp financially stable?
While the organization has consistent revenue and expense patterns, its liabilities have consistently exceeded its assets over the past decade (e.g., $1,876,340 in liabilities vs. $1,415,963 in assets in 2023), raising concerns about its long-term financial stability and ability to cover its obligations.
How does Stella Maris Housing Development Corp manage its administrative costs?
The organization reports 0% officer compensation across all filings, suggesting very low administrative overhead related to executive salaries. This indicates a strong focus on directing funds to its mission.
What is the trend in the organization's assets and liabilities?
Both assets and liabilities have shown a gradual decline over the past decade. For instance, assets decreased from $2,044,801 in 2014 to $1,415,963 in 2023, while liabilities decreased from $2,382,825 to $1,876,340 over the same period. Liabilities consistently remain higher than assets.
Filing History
IRS 990 filing history for Stella Maris Housing Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Stella Maris Housing Development Corp's revenue has grown by 18.3%, moving from $549K to $649K. Total assets decreased by 39.2% over the same period, from $2.3M to $1.4M. Total functional expenses rose by 16.5%, from $589K to $686K. In its most recent filing year (2023), Stella Maris Housing Development Corp reported a deficit of $37K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $1.4M in assets (debt-to-asset ratio: 132.5%), resulting in net assets of $-460,377.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $649K | $686K | $1.4M | $1.9M | — | View 990 |
| 2022 | $636K | $648K | $1.5M | $1.9M | — | View 990 |
| 2021 | $627K | $628K | $1.6M | $2.0M | — | View 990 |
| 2020 | $610K | $587K | $1.7M | $2.1M | — | View 990 |
| 2019 | $594K | $610K | $1.7M | $2.1M | — | View 990 |
| 2018 | $586K | $599K | $1.8M | $2.2M | — | View 990 |
| 2017 | $588K | $573K | $1.9M | $2.2M | — | View 990 |
| 2016 | $577K | $583K | $1.9M | $2.3M | — | View 990 |
| 2015 | $574K | $630K | $2.0M | $2.3M | — | View 990 |
| 2014 | $564K | $624K | $2.0M | $2.4M | — | View 990 |
| 2013 | $558K | $634K | $2.1M | $2.4M | — | View 990 |
| 2012 | $542K | $597K | $2.2M | $2.4M | — | View 990 |
| 2011 | $549K | $589K | $2.3M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $649K, expenses of $686K, and assets of $1.4M (revenue +2.0% year-over-year).
- 2022: Revenue of $636K, expenses of $648K, and assets of $1.5M (revenue +1.4% year-over-year).
- 2021: Revenue of $627K, expenses of $628K, and assets of $1.6M (revenue +2.9% year-over-year).
- 2020: Revenue of $610K, expenses of $587K, and assets of $1.7M (revenue +2.6% year-over-year).
- 2019: Revenue of $594K, expenses of $610K, and assets of $1.7M (revenue +1.4% year-over-year).
- 2018: Revenue of $586K, expenses of $599K, and assets of $1.8M (revenue -0.2% year-over-year).
- 2017: Revenue of $588K, expenses of $573K, and assets of $1.9M (revenue +1.8% year-over-year).
- 2016: Revenue of $577K, expenses of $583K, and assets of $1.9M (revenue +0.6% year-over-year).
- 2015: Revenue of $574K, expenses of $630K, and assets of $2.0M (revenue +1.8% year-over-year).
- 2014: Revenue of $564K, expenses of $624K, and assets of $2.0M (revenue +1.0% year-over-year).
- 2013: Revenue of $558K, expenses of $634K, and assets of $2.1M (revenue +2.9% year-over-year).
- 2012: Revenue of $542K, expenses of $597K, and assets of $2.2M (revenue -1.2% year-over-year).
- 2011: Revenue of $549K, expenses of $589K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stella Maris Housing Development Corp:
Data Sources and Methodology
This transparency report for Stella Maris Housing Development 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.