Housing Foundation Phase 1 & 2
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Housing Foundation Phase 1 & 2 is a 501(c)(3) organization based in Orono, Maine, registered in 1969, with $2,294,268 in FY2024 revenue. CharityIndex grades it C+.
353 Main St, Orono, ME, 04473 EIN 23-7046663 Since 1969
Revenue (FY2024)
$2.3M
▲ 1.4% vs prior year
Expenses (FY2024)
$2.0M
Net assets
$6.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Housing Foundation Phase 1 & 2— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Housing Foundation Phase 1 & 2: 35 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Housing Foundation Phase 1 & 2— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Housing Foundation Phase 1 & 2: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.8M (FY2013) to $2.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $191KNet assets $6.0M
Operating margin
11.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.2M
Total liabilities
$191K
Net assets
$6.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,294,268▲1.4% | $2,042,366▲8.3% | $6,025,014▲4.4% | $6,215,952▲1.9% | 990 |
| 2023 | $2,262,248▲5.5% | $1,886,089▲8.0% | $5,773,112▲7.0% | $6,100,855▲9.8% | 990 |
| 2022 | $2,144,243▲9.0% | $1,746,050▼7.3% | $5,396,953▲8.0% | $5,555,190▲6.3% | 990 |
| 2021 | $1,967,341▲1.6% | $1,883,912▲17.3% | $4,998,760▲1.7% | $5,226,993▲1.9% | 990 |
| 2020 | $1,935,913▼1.5% | $1,606,348▲6.5% | $4,915,331▲7.2% | $5,127,392▲8.1% | 990 |
| 2019 | $1,964,742▲3.3% | $1,507,914▼8.3% | $4,585,766▲11.1% | $4,741,988▲7.2% | 990 |
| 2018 | $1,901,943▲4.2% | $1,644,884▲7.6% | $4,128,938▲6.6% | $4,421,469▲6.8% | 990 |
| 2017 | $1,824,631▼4.0% | $1,528,172▲4.9% | $3,871,879▲8.3% | $4,138,357▲2.7% | 990 |
| 2016 | $1,900,859▲6.2% | $1,457,280▼4.8% | $3,575,420▲14.2% | $4,028,303▲8.1% | 990 |
| 2015 | $1,790,150▼1.6% | $1,531,214▼1.7% | $3,131,841▲9.0% | $3,728,130▲3.6% | 990 |
| 2014 | $1,819,127▲1.0% | $1,557,346▲0.4% | $2,872,905▲10.0% | $3,599,858▲15.4% | 990 |
| 2013 | $1,800,794 | $1,551,269▲2.2% | $2,611,124▲10.6% | $3,119,216▲19.6% | 990 |
| 2012 | — | $1,518,195▼0.2% | $2,361,599▲12.6% | $2,608,547▲14.4% | 990 |
| 2011 | — | $1,521,853▼0.4% | $2,096,586▲13.1% | $2,280,603▲7.0% | 990 |
| 2010 | — | $1,528,203▲10.5% | $1,853,318▲23.5% | $2,131,481▲2.1% | 990 |
| 2009 | — | $1,383,603 | $1,500,560 | $2,088,330 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Housing Foundation Phase 1 & 2 a legitimate nonprofit?
- Yes. Housing Foundation Phase 1 & 2 is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7046663, based in Orono, Maine. Donations are tax-deductible.
- What is Housing Foundation Phase 1 & 2's EIN?
- Housing Foundation Phase 1 & 2's Employer Identification Number (EIN) is 23-7046663.
- How much revenue does Housing Foundation Phase 1 & 2 report?
- Housing Foundation Phase 1 & 2 reported $2,294,268 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Housing Foundation Phase 1 & 2 have?
- CharityIndex grades Housing Foundation Phase 1 & 2 C+, based on financial health (reserves and operating margin).
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Data for Housing Foundation Phase 1 & 2 (EIN 23-7046663) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.