Tedford Housing
Tedford Housing shows consistent revenue, significant asset growth, and no reported officer compensation.
EIN: 10422035 · Brunswick, ME · NTEE: L41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $1.9M |
| Program Spending | 85% |
| Net Assets | $3.1M |
| Transparency Score | 90/100 |
Is Tedford Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tedford Housing directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tedford Housing
Tedford Housing (EIN: 10422035) is a nonprofit organization based in Brunswick, ME, classified under NTEE code L41. The organization reported total revenue of $5.2M and total assets of $12.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tedford Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tedford Housing is a mid-size nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$138K |
| Total Assets | $9.7M |
| Total Liabilities | $6.6M |
| Net Assets | $3.1M |
| Operating Margin | 6.9% |
| Debt-to-Asset Ratio | 68.1% |
| Months of Reserves | 62.3 months |
Financial Health Grade: A
In 2024, Tedford Housing reported a surplus of $138K with revenue exceeding expenses, holds 62.3 months of operating reserves (strong position), has a debt-to-asset ratio of 68.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Tedford Housing's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -15.8% | +3.9% | +32.6% |
| 2023 | +40.4% | +8.2% | +16.8% |
| 2022 | +2.4% | +6.5% | +11.8% |
| 2021 | -18.4% | +4.2% | +1.3% |
| 2020 | +55.3% | -1.0% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Tedford Housing 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: 85%
- fundraising: 5%
According to IRS 990 filings, Tedford Housing allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $138K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.1%.
Executive Compensation Analysis
Tedford Housing consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is a strong positive for directing funds to programs.
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 Tedford Housing's IRS 990 filings:
- Significant increase in liabilities warrants further investigation into their nature and terms.
Strengths
The following positive indicators were identified for Tedford Housing:
- Consistent revenue generation and recent surpluses (e.g., $1,999,111 revenue vs. $1,861,559 expenses in 202406).
- Substantial asset growth, nearly doubling from $6,234,793 in 202206 to $12,446,589 currently.
- Zero reported officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Positive net assets, with assets ($12,446,589) significantly exceeding liabilities ($6,577,791).
Frequently Asked Questions about Tedford Housing
Is Tedford Housing a legitimate charity?
Tedford Housing (EIN: 10422035) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $5.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Tedford Housing spend its money?
Tedford Housing directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tedford Housing tax-deductible?
Tedford Housing is registered as a tax-exempt nonprofit (EIN: 10422035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tedford Housing's spending goes to programs?
Tedford Housing directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tedford Housing compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Tedford Housing is above average for NTEE category L41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tedford Housing located?
Tedford Housing is headquartered in Brunswick, Maine and files with the IRS under EIN 10422035. It is classified under NTEE code L41.
How many years of IRS 990 filings does Tedford Housing have?
Tedford Housing has 14 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 $5.2M in total revenue.
Is Tedford Housing financially stable?
Yes, Tedford Housing appears financially stable. They have consistently generated revenue, with recent filings showing surpluses (e.g., $1,999,111 revenue vs. $1,861,559 expenses in 202406) and significant asset growth from $5,575,843 in 202106 to $12,446,589 currently.
How has Tedford Housing's asset base changed over time?
Tedford Housing has experienced substantial asset growth, nearly doubling from $6,234,793 in 202206 to $12,446,589 currently. This indicates successful capital accumulation or investment.
What is the trend in Tedford Housing's liabilities?
Liabilities have increased significantly in recent years, from $3,938,735 in 202206 to $6,577,791 in 202406. While assets have grown more, understanding the nature of these liabilities is important.
Does Tedford Housing pay its officers?
No, Tedford Housing consistently reports 0% officer compensation across all 14 available IRS 990 filings, indicating that no salaries are paid to officers.
Filing History
IRS 990 filing history for Tedford Housing showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Tedford Housing's revenue has grown by 85.5%, moving from $1.1M to $2.0M. Total assets increased by 72.4% over the same period, from $5.6M to $9.7M. Total functional expenses rose by 48.2%, from $1.3M to $1.9M. In its most recent filing year (2024), Tedford Housing reported a surplus of $138K, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $9.7M in assets (debt-to-asset ratio: 68.1%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.0M | $1.9M | $9.7M | $6.6M | — | View 990 |
| 2023 | $2.4M | $1.8M | $7.3M | $4.4M | — | — |
| 2022 | $1.7M | $1.7M | $6.2M | $3.9M | — | View 990 |
| 2021 | $1.7M | $1.6M | $5.6M | $3.2M | — | View 990 |
| 2020 | $2.0M | $1.5M | $5.5M | $3.4M | — | View 990 |
| 2019 | $1.3M | $1.5M | $5.4M | $3.8M | — | View 990 |
| 2018 | $1.4M | $1.5M | $5.6M | $3.8M | — | View 990 |
| 2017 | $1.5M | $1.5M | $5.7M | $3.8M | — | View 990 |
| 2016 | $1.4M | $1.5M | $5.7M | $3.8M | — | View 990 |
| 2015 | $1.3M | $1.4M | $5.7M | $3.7M | — | View 990 |
| 2014 | $1.3M | $1.4M | $5.8M | $3.7M | — | View 990 |
| 2013 | $1.2M | $1.3M | $5.9M | $3.7M | — | View 990 |
| 2012 | $1.6M | $1.3M | $6.0M | $3.7M | — | View 990 |
| 2011 | $1.1M | $1.3M | $5.6M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.0M, expenses of $1.9M, and assets of $9.7M (revenue -15.8% year-over-year).
- 2023: Revenue of $2.4M, expenses of $1.8M, and assets of $7.3M (revenue +40.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $6.2M (revenue +2.4% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $5.6M (revenue -18.4% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.5M, and assets of $5.5M (revenue +55.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $5.4M (revenue -5.6% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $5.6M (revenue -5.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $5.7M (revenue +2.7% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $5.7M (revenue +11.3% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $5.7M (revenue -4.9% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $5.8M (revenue +10.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $5.9M (revenue -24.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.3M, and assets of $6.0M (revenue +48.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.3M, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tedford Housing:
Data Sources and Methodology
This transparency report for Tedford Housing 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.