Is Old Town Residential Services Corporation Legit?
Quick charity verification for Old Town Residential Services Corporation (EIN: 110025004)
Verdict: Old Town Residential Services Corporation appears trustworthy
85/100Mission Score
$1.0MRevenue
$1.2MAssets
1Red Flags
5Strengths
Red Flags
Slight deficit in the most recent fiscal period (202303), with expenses exceeding revenue by $57,726.
Strengths
Consistent revenue growth over the past decade, from $682,561 in 201403 to $970,612 in 202303.
Zero reported officer compensation across all 12 filings, indicating high efficiency in resource allocation.
Strong asset base ($1,261,290 in 202303) significantly exceeding liabilities ($635,848), demonstrating good solvency.
Consistent filing of IRS Form 990s over 12 periods, indicating strong transparency and compliance.
History of operating surpluses in most years, contributing to asset growth.
Spending Breakdown
How Old Town Residential Services Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Old Town Residential Services Corporation
Is Old Town Residential Services Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Town Residential Services Corporation (EIN: 110025004) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
Is Old Town Residential Services Corporation a good charity to donate to?
Old Town Residential Services Corporation has a Mission Score of 85/100. Revenue: $1.0M. Assets: $1.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Old Town Residential Services Corporation?
The Employer Identification Number (EIN) for Old Town Residential Services Corporation is 110025004. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Old Town Residential Services Corporation spend its money?
Old Town Residential Services Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Old Town Residential Services Corporation's tax-exempt status?
You can verify Old Town Residential Services Corporation's tax-exempt status using EIN 110025004 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Old Town Residential Services Corporation demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade, contributing to a stable asset base. For the most recent period (202303), the organization reported revenues of $970,612 against expenses of $1,028,338, indicating a slight deficit. However, this follows several years of surpluses, such as in 202203 where revenue was $989,716 and expenses were $897,737. The organization's assets have remained robust, standing at $1,261,290 in 202303, comfortably exceeding its liabilities of $635,848, suggesting good financial solvency.
The organization's spending efficiency appears to be strong, as evidenced by the consistent lack of reported officer compensation across all available filings. This suggests that resources are primarily directed towards operational costs and program delivery rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The consistent filing of IRS Form 990s over 12 periods also points to a commitment to transparency and regulatory compliance.
Overall, Old Town Residential Services Corporation appears to be a financially sound organization with a history of responsible management. The slight deficit in the most recent period warrants monitoring, but the overall trend of asset growth and low liabilities, coupled with zero reported officer compensation, paints a picture of a well-managed and program-focused entity. Their consistent financial reporting further enhances their transparency profile.