Alden Court Inc
Alden Court Inc. faces persistent financial deficits and reports zero assets in its latest filing.
EIN: 201897225 · Fairhaven, MA · NTEE: E19 · Updated: 2026-03-28
Is Alden Court Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alden Court Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alden Court Inc
Alden Court Inc (EIN: 201897225) is a nonprofit organization based in Fairhaven, MA, classified under NTEE code E19. The organization reported total revenue of $962K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alden Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Alden Court Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Alden Court Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
No officer compensation has been reported across all six available IRS 990 filings, which is unusual for an organization with revenues consistently over $900,000, suggesting either a fully volunteer executive team or that compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Alden Court Inc's IRS 990 filings:
- Consistent operational deficits across multiple years (e.g., $961,789 revenue vs. $969,825 expenses in 2016).
- Persistent negative net asset position, with liabilities significantly exceeding assets in most periods.
- Sudden and unexplained reporting of $0 assets and $0 liabilities in the latest 2016 filing, a dramatic change from previous years.
- Lack of reported officer compensation despite significant revenue, which could obscure administrative costs or indicate an unusual operational structure.
Strengths
The following positive indicators were identified for Alden Court Inc:
- Consistent filing of IRS 990 forms, indicating adherence to reporting requirements.
Frequently Asked Questions about Alden Court Inc
Is Alden Court Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Alden Court Inc (EIN: 201897225) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Alden Court Inc spend its money?
Alden Court Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Alden Court Inc tax-deductible?
Alden Court Inc is registered as a tax-exempt nonprofit (EIN: 201897225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the dramatic shift to $0 assets and liabilities in the 2016 filing?
The provided data does not offer an explanation for the sudden change from multi-million dollar assets and liabilities to zero in the latest filing, which warrants further investigation into the organization's financial activities or reporting practices.
How does Alden Court Inc. sustain operations with consistent annual deficits?
The organization has consistently reported expenses exceeding revenue across multiple years, indicating a reliance on drawing down reserves (which appear to be negative) or other undisclosed funding mechanisms to cover operational costs.
Is the organization still active given the $0 asset reporting?
The reporting of zero assets and liabilities in the latest filing could indicate a cessation of operations, a significant restructuring, or a change in reporting entity, which is not clarified by the provided data.
Filing History
IRS 990 filing history for Alden Court Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Alden Court Inc's revenue has declined by 29.3%, moving from $1.4M to $962K. Total assets decreased by 100% over the same period, from $13.0M to $0. Total functional expenses fell by 35.4%, from $1.5M to $970K. In its most recent filing year (2016), Alden Court Inc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2016 | $962K | $970K | $0 | $0 | — | View 990 |
| 2015 | $1.3M | $1.3M | $12.9M | $16.1M | — | View 990 |
| 2014 | $1.3M | $1.3M | $13.7M | $16.8M | — | View 990 |
| 2013 | $1.5M | $1.7M | $13.5M | $17.5M | — | View 990 |
| 2012 | $1.3M | $1.5M | $12.5M | $16.2M | — | View 990 |
| 2011 | $1.4M | $1.5M | $13.0M | $16.5M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $962K, expenses of $970K, and assets of $0 (revenue -25.3% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $12.9M (revenue -2.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $13.7M (revenue -10.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.7M, and assets of $13.5M (revenue +15.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.5M, and assets of $12.5M (revenue -6.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $13.0M.
Data Sources and Methodology
This transparency report for Alden Court Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.