L โ€” Housing & ShelterEIN: 222618694ยท Ruling Year: 1994

Bath Housing Development Corporation

Bath, Maine

B+Health Score
69B+

Financial Health Score

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

Good

๐Ÿ’ฐ
$3.2M
Total Revenue
๐Ÿ“Š
$2.9M
Total Expenses
๐Ÿฆ
$8.7M
Net Assets
๐Ÿ“‹
$4.4M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+12.8%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+10.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.01
Net assets divided by total expenses
Liabilities-to-Assets
33.7%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$3,223,929โ†‘13%$2,898,288โ†‘5%$13,138,904โ†‘6%
2022$2,857,692โ†“55%$2,764,630โ†‘45%$12,423,196โ†“2%
2021$6,289,688โ†‘205%$1,911,291โ†‘45%$12,708,509โ†‘61%
2020$2,063,193โ†‘26%$1,318,350โ†“2%$7,888,243โ†‘8%
2019$1,638,885โ†‘30%$1,346,477โ†“1%$7,278,730โ†‘21%
2018$1,264,654โ†“20%$1,354,975โ†‘32%$6,007,374โ†‘2%
2017$1,580,733โ†‘62%$1,027,877โ†‘18%$5,898,771โ†‘15%
2016$975,060โ†“8%$867,624โ†“8%$5,108,818โ†‘6%
2015$1,056,967โ†‘21%$946,754โ†‘28%$4,811,211
2014$870,268โ†“19%$742,254โ†‘8%$4,820,649โ†‘2%
2013$1,078,494โ†‘2%$689,073โ†‘62%$4,739,997โ†‘5%
2012$1,059,084โ†‘368%$425,482โ†‘68%$4,527,708โ†‘246%
2011$226,131$253,660$1,310,254

Frequently Asked Questions

What does Bath Housing Development Corporation do?โ–ผ

Bath Housing Development Corporation is a housing & shelter nonprofit organization based in Maine. It is classified under NTEE code L20Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Bath Housing Development Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Bath Housing Development Corporation has a score of 69/100 (Grade: B+). 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 Bath Housing Development Corporation generate?โ–ผ

Bath Housing Development Corporation reports $3.4M in annual revenue and holds $21.1M in total assets, based on IRS filings.

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Bath Housing Development Corporation โ€” Bath, ME | GiveScope