Civic Intelligence

Corinth Housing Corporation

EIN 01-0332353 • 501(c)4 • Stetson, ME

Profile

LOW-INCOME HOUSING

PO Box 71Stetson, ME 04488

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

68th percentile

0.11x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.24x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Net Margin

64th percentile

16%

Higher net margin than 64% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

52nd percentile

4.2%

Faster asset growth than 52% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

56th percentile

8.5%

Faster revenue growth than 56% of similar nonprofits.

501(c)4 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$590,706

Up $23,593 (+4.2%) from 2023

Liabilities

Down

$66,949

Down $22,062 (-25%) from 2023

Net Assets

Up

$523,757

Up $45,655 (+9.5%) from 2023

Revenue

Up

$284,361

Up $22,371 (+8.5%) from 2023

Expenses

Up

$238,706

Up $1,393 (+0.6%) from 2023

Net Income

Up

$45,655

Up $20,978 (+85%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $528,395Liabilities 2011: $288,514Net Assets 2011: $239,8812011Assets 2012: $533,412Liabilities 2012: $274,180Net Assets 2012: $259,2322012Assets 2013: $538,060Liabilities 2013: $259,719Net Assets 2013: $278,3412013Assets 2014: $531,976Liabilities 2014: $239,640Net Assets 2014: $292,3362014Assets 2015: $527,550Liabilities 2015: $223,753Net Assets 2015: $303,7972015Assets 2016: $537,405Liabilities 2016: $211,991Net Assets 2016: $325,4142016Assets 2017: $540,737Liabilities 2017: $194,460Net Assets 2017: $346,2772017Assets 2018: $546,909Liabilities 2018: $177,584Net Assets 2018: $369,3252018Assets 2019: $557,217Liabilities 2019: $158,510Net Assets 2019: $398,7072019Assets 2020: $569,512Liabilities 2020: $139,152Net Assets 2020: $430,3602020Assets 2021: $575,054Liabilities 2021: $122,438Net Assets 2021: $452,6162021Assets 2022: $555,880Liabilities 2022: $102,452Net Assets 2022: $453,4282022Assets 2023: $567,113Liabilities 2023: $89,011Net Assets 2023: $478,1022023Assets 2024: $590,706Liabilities 2024: $66,949Net Assets 2024: $523,7572024

Highlighted filing

2024

Assets$590,706
Liabilities$66,949
Net Assets$523,757

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2011: $184,599Expenses 2011: $161,365Net Income 2011: $23,2342011Revenue 2012: $188,097Expenses 2012: $168,747Net Income 2012: $19,3502012Revenue 2013: $195,778Expenses 2013: $176,669Net Income 2013: $19,1092013Revenue 2014: $190,900Expenses 2014: $176,905Net Income 2014: $13,9952014Revenue 2015: $190,704Expenses 2015: $179,243Net Income 2015: $11,4612015Revenue 2016: $204,060Expenses 2016: $182,444Net Income 2016: $21,6162016Revenue 2017: $203,236Expenses 2017: $182,370Net Income 2017: $20,8662017Revenue 2018: $208,412Expenses 2018: $185,367Net Income 2018: $23,0452018Revenue 2019: $211,099Expenses 2019: $181,717Net Income 2019: $29,3822019Revenue 2020: $214,665Expenses 2020: $183,012Net Income 2020: $31,6532020Revenue 2021: $222,861Expenses 2021: $200,594Net Income 2021: $22,2672021Revenue 2022: $229,208Expenses 2022: $228,410Net Income 2022: $7982022Revenue 2023: $261,990Expenses 2023: $237,313Net Income 2023: $24,6772023Revenue 2024: $284,361Expenses 2024: $238,706Net Income 2024: $45,6552024

Highlighted filing

2024

Revenue$284,361
Expenses$238,706
Net Income$45,655

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.91$0.67$5.24$2.84$2.39$0.46
2023Detailed filing. Detailed filing data is available for this year.$5.67$0.89$4.78$2.62$2.37$0.25
2022Detailed filing. Detailed filing data is available for this year.$5.56$1.02$4.53$2.29$2.28$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.75$1.22$4.53$2.23$2.01$0.22
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$1.39$4.30$2.15$1.83$0.32
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.57$1.59$3.99$2.11$1.82$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.47$1.78$3.69$2.08$1.85$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.41$1.94$3.46$2.03$1.82$0.21
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$2.12$3.25$2.04$1.82$0.22
2015Detailed filing. Detailed filing data is available for this year.$5.28$2.24$3.04$1.91$1.79$0.11
2014Detailed filing. Detailed filing data is available for this year.$5.32$2.40$2.92$1.91$1.77$0.14
2013Summary only. Only limited summary data is available for this year.$5.38$2.60$2.78$1.96$1.77$0.19
2012Summary only. Only limited summary data is available for this year.$5.33$2.74$2.59$1.88$1.69$0.19
2011Summary only. Only limited summary data is available for this year.$5.28$2.89$2.40$1.85$1.61$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$284,361
Mission and Program Overview

Mission

LOW-INCOME HOUSING

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$367,430$425,727▲ $58,297
Savings and Temporary Cash Investments$181,687$136,979▼ $44,708
Prepaid Expenses and Deferred Charges$12,393$15,463▲ $3,070
Cash and Non-Interest-Bearing Accounts$5,603$12,537▲ $6,934
Total Assets$567,113$590,706▲ $23,593
Liabilities
Mortgage Notes Payable Secured by Investment Property$64,586$45,826▼ $18,760
Escrow Account Liability$19,314$19,062▼ $252
Accounts Payable and Accrued Expenses$5,111$2,061▼ $3,050
Total Liabilities$89,011$66,949▼ $22,062
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$478,102$523,757▲ $45,655
Total Net Assets Fund Balance$478,102$523,757▲ $45,655
Total Liabilities and Net Assets / Fund Balance$567,113$590,706▲ $23,593

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$328,966$903,462$1,232,428
Other Land Buildings$65,823$303,745$369,568
Land$30,938-$30,938
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles MartinManagement CompanyPT$38,443$38,443

Board Members and Trustees

NameTitle
David DunfeePresident
Mike LibbyVice President
Bruce TownsendDirector
Christine MccorrisonDirector
David EaslerDirector
Karen WardDirector
Roxanne EaslerDirector
Val MccorrisonDirector
Marie MccorrisonSecretary, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$281,030
Investment Income
$458
Other Revenue
$2,873
Change in Net Assets
$45,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,464
Salaries, Compensation, and Employee Benefits$4,242
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$109,234--$109,234
Depreciation Depletion$41,993--$41,993
Fees for Services Management-$26,208-$26,208
Fees for Services Other$25,646--$25,646
Insurance$19,254--$19,254
Fees for Services Accounting-$7,760-$7,760
Office Expenses-$3,815-$3,815
Other Salaries and Wages$3,800--$3,800
Interest$554--$554
Payroll Taxes$442--$442
Total Functional Expenses$200,923$37,783$0$238,706
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

There is a married couple on the board of directors.

Form 990, Part VI, Section A, Line 3

The board of directors has hired a management agent to manage the property, who is overseen by the board

Form 990, Part VI, Section B, Line 11B

The 990 is available for review upon request

Form 990, Part VI, Section B, Line 15A

The manager is paid a management fee which is determined by usda rural development

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Corinth Housing Corporation
EIN
01-0332353
Phone
2072962106
Address
PO BOX 71, STETSON, ME 04488

Signing Officer

Name
Charles Martin
Title
Manager
Phone
2072962106
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Martin
Formed
1977
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Haverlock Estey & Curran LLC
Address
8 COMMERCE COURT, HAMPDEN, ME 04444-1538
Preparer
Lyndsey J Violette
Phone
2079455695
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Maintenance repairs contract: program service expenses 25,646. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,646.

Financial Statement Notes

PART IV, LINE 2B:

Tenant security deposits are held for breach of lease agreement.

Raw XML Appendix369 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum02072963084
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY, TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9MANAGEMENT COMPANY
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD FOR BREACH OF LEASE AGREEMENT.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS A MARRIED COUPLE ON THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS HAS HIRED A MANAGEMENT AGENT TO MANAGE THE PROPERTY, WHO IS OVERSEEN BY THE BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS AVAILABLE FOR REVIEW UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MANAGER IS PAID A MANAGEMENT FEE WHICH IS DETERMINED BY USDA RURAL DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MAINTENANCE REPAIRS CONTRACT: PROGRAM SERVICE EXPENSES 25,646. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,646.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt066949
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IRS990/TotalVolunteersCnt00
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd004488
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES MARTIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02072962106
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORINTH HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CORI
ReturnHeader/Filer/EIN0010332353
ReturnHeader/Filer/PhoneNum02072962106
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 71
ReturnHeader/Filer/USAddress/CityNm0STETSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd004488
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010271013
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAVERLOCK ESTEY & CURRAN LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08 COMMERCE COURT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAMPDEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0044441538
ReturnHeader/PreparerPersonGrp/PhoneNum02079455695
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNDSEY J VIOLETTE
ReturnHeader/ReturnTs02025-05-12T13:39:31-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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