Telesis Housing Corporation
Telesis Housing Corporation experiences significant multi-year decline in revenue and assets.
EIN: 10485474 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $51K |
| Program Spending | 80% |
| Net Assets | $195K |
| Transparency Score | 55/100 |
Is Telesis Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Telesis Housing Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Telesis Housing Corporation
Telesis Housing Corporation (EIN: 10485474) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $115K and total assets of $356K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Telesis Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Telesis Housing Corporation is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $51K |
| Surplus / Deficit | $-263 |
| Total Assets | $429K |
| Total Liabilities | $234K |
| Net Assets | $195K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 54.6% |
| Months of Reserves | 100.3 months |
Financial Health Grade: C
In 2023, Telesis Housing Corporation reported a deficit of $263 with expenses exceeding revenue, holds 100.3 months of operating reserves (strong position), has a debt-to-asset ratio of 54.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Telesis Housing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -14.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | -30.6% | -4.7% |
| 2022 | -1.1% | -24.4% | -8.3% |
| 2021 | -12.6% | -25.8% | -11.8% |
| 2020 | -76.4% | -35.7% | -13.8% |
| 2019 | -50.5% | -37.4% | -50.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Telesis Housing Corporation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Telesis Housing Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $263, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.6%.
Executive Compensation Analysis
Telesis Housing Corporation consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that executive salaries are covered by other means, which is highly unusual for an organization of its former 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.
Red Flags
The following concerns were identified during AI analysis of Telesis Housing Corporation's IRS 990 filings:
- Significant multi-year decline in revenue (from $496,263 in 2018 to $51,126 in 2023).
- Substantial decrease in assets (from $1,304,764 in 2018 to $429,391 in 2023).
- Expenses frequently exceeding revenue in recent years (e.g., 2023: $51,389 expenses vs. $51,126 revenue; 2022: $73,995 expenses vs. $50,167 revenue), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Telesis Housing Corporation:
- Consistent filing of IRS 990 forms (13 filings), demonstrating transparency and compliance.
- 0% officer compensation reported across all filings, suggesting a commitment to minimizing administrative overhead at the executive level.
- Managed liabilities, which have decreased in proportion to assets, indicating responsible financial management even during contraction.
Frequently Asked Questions about Telesis Housing Corporation
Is Telesis Housing Corporation a legitimate charity?
Telesis Housing Corporation (EIN: 10485474) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $115K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Telesis Housing Corporation spend its money?
Telesis Housing Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Telesis Housing Corporation tax-deductible?
Telesis Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10485474). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Telesis Housing Corporation's spending goes to programs?
Telesis Housing Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Telesis Housing Corporation located?
Telesis Housing Corporation is headquartered in Portland, Maine and files with the IRS under EIN 10485474.
How many years of IRS 990 filings does Telesis Housing Corporation have?
Telesis Housing Corporation 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 $115K in total revenue.
What caused the significant decline in revenue and assets from 2018 to 2023?
The provided data shows a sharp decrease in revenue from $496,263 in 2018 to $51,126 in 2023, and assets from $1,304,764 to $429,391 in the same period. Understanding the underlying reasons for this contraction is crucial for assessing future viability.
How does Telesis Housing Corporation sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation raises questions about how the organization's leadership is compensated or if it is entirely volunteer-run, especially given its past scale.
What are the specific program activities and their impact given the reduced funding?
With significantly reduced revenue and assets, it's important to understand what programs Telesis Housing Corporation is still able to deliver and their effectiveness.
Filing History
IRS 990 filing history for Telesis Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Telesis Housing Corporation's revenue has declined by 85.1%, moving from $344K to $51K. Total assets decreased by 83.5% over the same period, from $2.6M to $429K. Total functional expenses fell by 86.7%, from $387K to $51K. In its most recent filing year (2023), Telesis Housing Corporation reported a deficit of $263, with expenses exceeding revenue. The organization holds $234K in liabilities against $429K in assets (debt-to-asset ratio: 54.6%), resulting in net assets of $195K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $51K | $429K | $234K | — | — |
| 2022 | $50K | $74K | $451K | $256K | — | View 990 |
| 2021 | $51K | $98K | $491K | $273K | — | View 990 |
| 2020 | $58K | $132K | $557K | $290K | — | View 990 |
| 2019 | $246K | $205K | $646K | $306K | — | View 990 |
| 2018 | $496K | $328K | $1.3M | $1.0M | — | View 990 |
| 2017 | $297K | $251K | $1.4M | $1.2M | — | View 990 |
| 2016 | $267K | $375K | $1.5M | $1.4M | — | View 990 |
| 2015 | $363K | $338K | $1.7M | $1.5M | — | View 990 |
| 2014 | $428K | $373K | $2.1M | $1.9M | — | View 990 |
| 2013 | $342K | $386K | $2.4M | $2.2M | — | View 990 |
| 2012 | $342K | $379K | $2.5M | $2.3M | — | View 990 |
| 2011 | $344K | $387K | $2.6M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $51K, and assets of $429K (revenue +1.9% year-over-year).
- 2022: Revenue of $50K, expenses of $74K, and assets of $451K (revenue -1.1% year-over-year).
- 2021: Revenue of $51K, expenses of $98K, and assets of $491K (revenue -12.6% year-over-year).
- 2020: Revenue of $58K, expenses of $132K, and assets of $557K (revenue -76.4% year-over-year).
- 2019: Revenue of $246K, expenses of $205K, and assets of $646K (revenue -50.5% year-over-year).
- 2018: Revenue of $496K, expenses of $328K, and assets of $1.3M (revenue +66.9% year-over-year).
- 2017: Revenue of $297K, expenses of $251K, and assets of $1.4M (revenue +11.3% year-over-year).
- 2016: Revenue of $267K, expenses of $375K, and assets of $1.5M (revenue -26.3% year-over-year).
- 2015: Revenue of $363K, expenses of $338K, and assets of $1.7M (revenue -15.2% year-over-year).
- 2014: Revenue of $428K, expenses of $373K, and assets of $2.1M (revenue +25.1% year-over-year).
- 2013: Revenue of $342K, expenses of $386K, and assets of $2.4M (revenue -0.2% year-over-year).
- 2012: Revenue of $342K, expenses of $379K, and assets of $2.5M (revenue -0.4% year-over-year).
- 2011: Revenue of $344K, expenses of $387K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Telesis Housing Corporation:
Data Sources and Methodology
This transparency report for Telesis Housing 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.