Area Agency Properties Inc
Area Agency Properties Inc. maintains consistent financial stability with growing assets and decreasing liabilities.
EIN: 20447830 · Nashua, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $532K |
| Total Expenses | $575K |
| Program Spending | 80% |
| Net Assets | $2.2M |
| Transparency Score | 85/100 |
Is Area Agency Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Area Agency Properties Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Area Agency Properties Inc
Area Agency Properties Inc (EIN: 20447830) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $532K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Area Agency Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Area Agency Properties Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $594K |
| Total Expenses | $575K |
| Surplus / Deficit | +$19K |
| Total Assets | $2.4M |
| Total Liabilities | $128K |
| Net Assets | $2.2M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 49.6 months |
Financial Health Grade: A
In 2023, Area Agency Properties Inc reported a surplus of $19K with revenue exceeding expenses, holds 49.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Area Agency Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.0% | +14.8% | +5.4% |
| 2022 | -10.1% | -1.8% | +1.1% |
| 2021 | +25.0% | +34.1% | +5.4% |
| 2020 | -1.9% | -0.1% | -4.2% |
| 2019 | -4.6% | -7.7% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Area Agency Properties Inc with a Mission Score of 85 out of 100 (Excellent). 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, Area Agency Properties 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Area Agency Properties Inc. reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and suggests a volunteer-led or very lean executive structure.
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 Area Agency Properties Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- NTEE code is unknown, obscuring the organization's specific charitable purpose
- Consistent 0% officer compensation is unusual and could indicate an alternative compensation structure not fully transparent
Strengths
The following positive indicators were identified for Area Agency Properties Inc:
- Consistent financial surpluses, with revenue generally exceeding expenses (e.g., $593,581 revenue vs. $574,936 expenses in 2023)
- Strong asset growth and significant reduction in liabilities over time (assets grew to $2,377,156 in 2023, liabilities reduced to $128,113)
- Consistent filing of IRS Form 990s, indicating good regulatory compliance
- Healthy asset-to-liability ratio, demonstrating strong financial solvency
Frequently Asked Questions about Area Agency Properties Inc
Is Area Agency Properties Inc a legitimate charity?
Area Agency Properties Inc (EIN: 20447830) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $532K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Area Agency Properties Inc spend its money?
Area Agency Properties Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Area Agency Properties Inc tax-deductible?
Area Agency Properties Inc is registered as a tax-exempt nonprofit (EIN: 20447830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Area Agency Properties Inc's spending goes to programs?
Area Agency Properties Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Area Agency Properties Inc located?
Area Agency Properties Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20447830.
How many years of IRS 990 filings does Area Agency Properties Inc have?
Area Agency Properties Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $532K in total revenue.
What is the specific mission or program activity of Area Agency Properties Inc.?
The provided data does not specify the NTEE code or detailed program activities, making it difficult to ascertain the exact mission. The name 'Properties Inc.' suggests a focus on real estate or property management, possibly for charitable purposes.
How does Area Agency Properties Inc. manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may be primarily volunteer-run at the executive level, or that executive services are provided pro bono or through a related entity, which is not detailed in the provided data.
What are the primary sources of revenue for Area Agency Properties Inc.?
The provided data only lists total revenue. Without a breakdown, it's unclear if revenue comes from donations, program service fees, investment income, or other sources.
Filing History
IRS 990 filing history for Area Agency Properties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Area Agency Properties Inc's revenue has grown by 55.2%, moving from $382K to $594K. Total assets increased by 7.6% over the same period, from $2.2M to $2.4M. Total functional expenses rose by 55.6%, from $369K to $575K. In its most recent filing year (2023), Area Agency Properties Inc reported a surplus of $19K, with revenue exceeding expenses. The organization holds $128K in liabilities against $2.4M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $594K | $575K | $2.4M | $128K | — | View 990 |
| 2022 | $471K | $501K | $2.3M | $163K | — | View 990 |
| 2021 | $524K | $510K | $2.2M | $226K | — | View 990 |
| 2020 | $419K | $380K | $2.1M | $302K | — | — |
| 2019 | $427K | $380K | $2.2M | $434K | — | View 990 |
| 2018 | $448K | $412K | $2.3M | $578K | — | View 990 |
| 2017 | $390K | $414K | $2.4M | $754K | — | View 990 |
| 2016 | $388K | $392K | $2.5M | $768K | — | View 990 |
| 2015 | $431K | $397K | $2.3M | $1.1M | — | View 990 |
| 2014 | $370K | $376K | $2.2M | $1.1M | — | View 990 |
| 2013 | $367K | $372K | $2.1M | $942K | — | View 990 |
| 2012 | $367K | $348K | $2.2M | $1000K | — | View 990 |
| 2011 | $382K | $369K | $2.2M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $594K, expenses of $575K, and assets of $2.4M (revenue +26.0% year-over-year).
- 2022: Revenue of $471K, expenses of $501K, and assets of $2.3M (revenue -10.1% year-over-year).
- 2021: Revenue of $524K, expenses of $510K, and assets of $2.2M (revenue +25.0% year-over-year).
- 2020: Revenue of $419K, expenses of $380K, and assets of $2.1M (revenue -1.9% year-over-year).
- 2019: Revenue of $427K, expenses of $380K, and assets of $2.2M (revenue -4.6% year-over-year).
- 2018: Revenue of $448K, expenses of $412K, and assets of $2.3M (revenue +14.7% year-over-year).
- 2017: Revenue of $390K, expenses of $414K, and assets of $2.4M (revenue +0.5% year-over-year).
- 2016: Revenue of $388K, expenses of $392K, and assets of $2.5M (revenue -9.8% year-over-year).
- 2015: Revenue of $431K, expenses of $397K, and assets of $2.3M (revenue +16.4% year-over-year).
- 2014: Revenue of $370K, expenses of $376K, and assets of $2.2M (revenue +1.0% year-over-year).
- 2013: Revenue of $367K, expenses of $372K, and assets of $2.1M (revenue -0.1% year-over-year).
- 2012: Revenue of $367K, expenses of $348K, and assets of $2.2M (revenue -4.1% year-over-year).
- 2011: Revenue of $382K, expenses of $369K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Area Agency Properties Inc:
Data Sources and Methodology
This transparency report for Area Agency Properties 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.