CORINNA HOUSING CORPORATION (EIN 010327898) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

WILLIAM GALLAGHER

Phone

2073685432

Tax Period

2025-01-01 to 2025-12-31

CORINNA HOUSING CORPORATION is a tax-exempt nonprofit with EIN 010327898, based in CORINNA, ME. Founded in 1975, the organization files IRS Form 990 and reported its most recent data for fiscal year 2025. In that period, it reported $319,187 in total revenue and $284,501 in total expenses, with net assets of $349,959.

Mission

TO PROVIDE LOW INCOME HOUSING.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $314,339

Investment Income $289

Other Revenue $4,559

TOTAL REVENUE $319,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,010

Fundraising Expenses $0

Program Expenses $233,870

Other Expenses $265,491

TOTAL EXPENSES $284,501

Year-over-Year Comparison

	2025	2024	Change
Revenue	$319,187	$304,660	+0.0%
Expenses	$284,501	$272,452	+0.0%
Net Income	$34,686	$32,208	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$37,747

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN LYON	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY WILBER	SECRETARY/ TREASURER	1.00	Officer Director	$0	$0	$0
JOANNE METIVER	DIRECTOR	1.00	Director	$0	$0	$0
HERB DOW JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BRENT DORMAN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM GALLAGHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHIRLEY EATON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BOLSTRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES MARTIN	MANAGER	5.00	Officer	$37,747	$0	$37,747

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$319,187	$284,501	$1,147,427	$34,686
2024	$304,660	$272,452	$1,127,991	$32,208
2023	$270,867	$256,106	$1,113,249	$14,761
2022	$249,923	$253,944	$1,109,889	$-4,021
2021	$250,805	$220,589	$1,115,071	$30,216
2020	$224,585	$232,220	$1,102,756	$-7,635
2019	$227,860	$233,853	$1,113,159	$-5,993
2018	$227,656	$232,275	$1,129,741	$-4,619

CORINNA HOUSING CORPORATION