The Housing Foundation
The Housing Foundation maintains stable operations with declining assets and liabilities, reporting no officer compensation.
EIN: 10367546 · Orono, ME · NTEE: L210 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $666K |
| Total Expenses | $651K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $665,694 |
| Net Assets | $-411,257 |
| Transparency Score | 85/100 |
Is The Housing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Housing Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Housing Foundation
The Housing Foundation (EIN: 10367546) is a nonprofit organization based in Orono, ME, classified under NTEE code L210. The organization reported total revenue of $666K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Housing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Housing Foundation is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $619K |
| Total Expenses | $651K |
| Surplus / Deficit | $-31,147 |
| Total Assets | $2.6M |
| Total Liabilities | $3.0M |
| Net Assets | $-411,257 |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 115.9% |
| Months of Reserves | 47.6 months |
Financial Health Grade: C
In 2024, The Housing Foundation reported a deficit of $31K with expenses exceeding revenue, holds 47.6 months of operating reserves (strong position), has a debt-to-asset ratio of 115.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), The Housing Foundation's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.2% | +10.7% | -1.4% |
| 2023 | +15.4% | -4.1% | -2.8% |
| 2022 | -6.7% | +15.7% | -4.4% |
| 2021 | -1.0% | -5.3% | -0.8% |
| 2020 | +0.2% | +7.0% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
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 The Housing Foundation 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, The Housing Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no compensation, which is highly favorable for a nonprofit of its size (latest revenue $665,694).
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 The Housing Foundation's IRS 990 filings:
- Gradual decline in total assets over the past decade, from $3.17M in 2015 to $2.53M currently.
Strengths
The following positive indicators were identified for The Housing Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in executive pay.
- Long and consistent IRS 990 filing history (14 filings), demonstrating transparency and compliance.
- Stable revenue and expense levels over the past decade, suggesting operational consistency.
- Liabilities have decreased over time, improving the overall financial leverage.
Frequently Asked Questions about The Housing Foundation
Is The Housing Foundation a legitimate charity?
The Housing Foundation (EIN: 10367546) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $666K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does The Housing Foundation spend its money?
The Housing Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to The Housing Foundation tax-deductible?
The Housing Foundation is registered as a tax-exempt nonprofit (EIN: 10367546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Housing Foundation CEO make?
The Housing Foundation's highest-compensated officer earns $665,694 annually. The organization reported $666K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does The Housing Foundation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The Housing Foundation is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Housing Foundation located?
The Housing Foundation is headquartered in Orono, Maine and files with the IRS under EIN 10367546. It is classified under NTEE code L210.
How many years of IRS 990 filings does The Housing Foundation have?
The Housing Foundation 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 $666K in total revenue.
Is The Housing Foundation a good charity?
Based on the available data, The Housing Foundation appears to be a well-managed charity with a strong commitment to its mission, evidenced by 0% officer compensation and consistent financial reporting. Its long-term stability and focus on minimizing executive pay are positive indicators.
How has the organization's financial position changed over time?
The organization's assets have gradually decreased from $3,168,039 in 2015 to $2,534,498 currently, while liabilities have also decreased from $3,547,198 to $2,989,853. This suggests a controlled contraction rather than significant financial distress.
What is the trend in revenue and expenses?
Revenue and expenses have remained relatively stable over the past decade, generally fluctuating between $500,000 and $650,000 annually. In most periods, revenues have closely matched or slightly exceeded expenses, though some years show a slight deficit.
Filing History
IRS 990 filing history for The Housing Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), The Housing Foundation's revenue has grown by 10.2%, moving from $562K to $619K. Total assets increased by 263% over the same period, from $710K to $2.6M. Total functional expenses rose by 37.6%, from $473K to $651K. In its most recent filing year (2024), The Housing Foundation reported a deficit of $31K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $2.6M in assets (debt-to-asset ratio: 115.9%), resulting in net assets of $-411,257.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $619K | $651K | $2.6M | $3.0M | — | — |
| 2023 | $618K | $588K | $2.6M | $3.0M | — | — |
| 2022 | $536K | $613K | $2.7M | $3.1M | — | View 990 |
| 2021 | $574K | $530K | $2.8M | $3.1M | — | View 990 |
| 2020 | $580K | $559K | $2.8M | $3.2M | — | View 990 |
| 2019 | $579K | $523K | $2.9M | $3.3M | — | View 990 |
| 2018 | $506K | $538K | $2.9M | $3.4M | — | View 990 |
| 2017 | $526K | $537K | $3.0M | $3.4M | — | View 990 |
| 2016 | $553K | $552K | $3.1M | $3.5M | — | View 990 |
| 2015 | $534K | $587K | $3.2M | $3.5M | — | View 990 |
| 2014 | $639K | $542K | $3.4M | $3.7M | — | View 990 |
| 2013 | $451K | $478K | $3.2M | $3.6M | — | View 990 |
| 2012 | $560K | $460K | $769K | $1.2M | — | View 990 |
| 2011 | $562K | $473K | $710K | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $619K, expenses of $651K, and assets of $2.6M (revenue +0.2% year-over-year).
- 2023: Revenue of $618K, expenses of $588K, and assets of $2.6M (revenue +15.4% year-over-year).
- 2022: Revenue of $536K, expenses of $613K, and assets of $2.7M (revenue -6.7% year-over-year).
- 2021: Revenue of $574K, expenses of $530K, and assets of $2.8M (revenue -1.0% year-over-year).
- 2020: Revenue of $580K, expenses of $559K, and assets of $2.8M (revenue +0.2% year-over-year).
- 2019: Revenue of $579K, expenses of $523K, and assets of $2.9M (revenue +14.5% year-over-year).
- 2018: Revenue of $506K, expenses of $538K, and assets of $2.9M (revenue -3.9% year-over-year).
- 2017: Revenue of $526K, expenses of $537K, and assets of $3.0M (revenue -4.8% year-over-year).
- 2016: Revenue of $553K, expenses of $552K, and assets of $3.1M (revenue +3.6% year-over-year).
- 2015: Revenue of $534K, expenses of $587K, and assets of $3.2M (revenue -16.5% year-over-year).
- 2014: Revenue of $639K, expenses of $542K, and assets of $3.4M (revenue +41.7% year-over-year).
- 2013: Revenue of $451K, expenses of $478K, and assets of $3.2M (revenue -19.4% year-over-year).
- 2012: Revenue of $560K, expenses of $460K, and assets of $769K (revenue -0.3% year-over-year).
- 2011: Revenue of $562K, expenses of $473K, and assets of $710K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Housing Foundation:
Data Sources and Methodology
This transparency report for The Housing Foundation 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.