L โ€” Housing & ShelterEIN: 222648277ยท Ruling Year: 1994

South Portland Housing Development Corporation

S Portland, Maine

A-Health Score
81A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

๐Ÿ’ฐ
$4.1M
Total Revenue
๐Ÿ“Š
$2.7M
Total Expenses
๐Ÿฆ
$7.9M
Net Assets
๐Ÿ“‹
$2.5M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+102.5%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+33.4%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.90
Net assets divided by total expenses
Liabilities-to-Assets
24.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,071,254โ†‘102%$2,713,257โ†‘109%$10,409,961โ†‘13%
2022$2,010,924โ†‘62%$1,300,262โ†‘29%$9,180,721
2021$1,241,060โ†“23%$1,008,203โ†“48%$9,145,922โ†‘14%
2020$1,610,007โ†‘107%$1,939,869โ†‘89%$8,024,348โ†‘1%
2019$776,871โ†‘5%$1,026,086โ†‘5%$7,982,199โ†‘1%
2018$737,749โ†‘7%$974,464โ†‘3%$7,910,715โ†“1%
2017$686,447โ†‘13%$950,602โ†‘13%$8,012,346โ†‘46%
2016$608,642โ†“48%$842,390โ†‘36%$5,476,840โ†“8%
2015$1,181,126โ†‘141%$618,945โ†‘11%$5,967,313โ†‘9%
2014$490,054โ†‘6%$558,408โ†‘37%$5,482,944โ†“42%
2013$463,563โ†‘4%$407,495โ†‘9%$9,524,551
2012$447,252โ†“18%$374,604โ†‘74%$9,493,603โ†‘19%
2011$544,238$214,811$7,991,399

Frequently Asked Questions

What does South Portland Housing Development Corporation do?โ–ผ

South Portland Housing Development Corporation is a housing & shelter nonprofit organization based in Maine. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is South Portland Housing Development Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, South Portland Housing Development Corporation has a score of 81/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does South Portland Housing Development Corporation generate?โ–ผ

South Portland Housing Development Corporation reports $4.3M in annual revenue and holds $10.8M in total assets, based on IRS filings.

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South Portland Housing Development Corporation โ€” S Portland, ME | GiveScope