Is Woodward Manor Inc Legit?

Woodward Manor Inc. appears to be in a challenging financial position, consistently operating at a deficit for at least the past decade. In 2023, the organization reported expenses of $801,664 against revenues of $718,213, resulting in a deficit of over $83,000. This trend of expenses exceeding revenue is consistent across all available filings, indicating a long-term sustainability concern. While the organization's assets are substantial at $4,935,145 in 2023, its liabilities are significantly higher at $8,257,611, suggesting a negative net asset position. This financial structure raises questions about the long-term viability and funding model of Woodward Manor Inc. The organization's transparency regarding executive compensation is excellent, with 0% reported officer compensation across all available filings, which is a strong positive indicator for donor trust. However, the consistent operational deficits and the high liabilities relative to assets are significant concerns that warrant further investigation into their funding sources and expenditure management. Without a clear path to financial stability, the organization's ability to sustain its programs may be at risk.