Ayer Elderly Housing Partnership Inc
Ayer Elderly Housing Partnership Inc. consistently operates at a deficit, with liabilities exceeding assets.
EIN: 10882163 · Ayer, MA · NTEE: L22 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $344K |
| Total Expenses | $406K |
| Program Spending | 80% |
| Net Assets | $-1,277,605 |
| Transparency Score | 65/100 |
Is Ayer Elderly Housing Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ayer Elderly Housing Partnership Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ayer Elderly Housing Partnership Inc
Ayer Elderly Housing Partnership Inc (EIN: 10882163) is a nonprofit organization based in Ayer, MA, classified under NTEE code L22. The organization reported total revenue of $344K and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ayer Elderly Housing Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ayer Elderly Housing Partnership Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $331K |
| Total Expenses | $406K |
| Surplus / Deficit | $-74,498 |
| Total Assets | $4.3M |
| Total Liabilities | $5.5M |
| Net Assets | $-1,277,605 |
| Operating Margin | -22.5% |
| Debt-to-Asset Ratio | 130.0% |
| Months of Reserves | 126.2 months |
Financial Health Grade: C
In 2023, Ayer Elderly Housing Partnership Inc reported a deficit of $74K with expenses exceeding revenue, holds 126.2 months of operating reserves (strong position), has a debt-to-asset ratio of 130.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ayer Elderly Housing Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | -0.6% | -2.1% |
| 2022 | +40.6% | +3.6% | -2.0% |
| 2021 | -3.6% | +1.9% | -3.1% |
| 2020 | +4.5% | +2.4% | -3.2% |
| 2019 | -12.8% | +6.7% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Ayer Elderly Housing Partnership Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Ayer Elderly Housing Partnership Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.0%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this size.
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 Ayer Elderly Housing Partnership Inc's IRS 990 filings:
- Consistent operating deficits across all reported periods (e.g., $74,498 deficit in 202306).
- Liabilities consistently exceed total assets, indicating potential solvency issues (e.g., $5,542,063 liabilities vs. $4,264,458 assets in 202306).
- Declining asset base over the past decade (from $5,392,059 in 201406 to $4,264,458 in 202306).
Strengths
The following positive indicators were identified for Ayer Elderly Housing Partnership Inc:
- Zero reported officer compensation, indicating highly efficient executive leadership costs.
- Clear mission focus on housing for the elderly (NTEE L22).
- Consistent and timely IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Ayer Elderly Housing Partnership Inc
Is Ayer Elderly Housing Partnership Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ayer Elderly Housing Partnership Inc (EIN: 10882163) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Ayer Elderly Housing Partnership Inc spend its money?
Ayer Elderly Housing Partnership Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ayer Elderly Housing Partnership Inc tax-deductible?
Ayer Elderly Housing Partnership Inc is registered as a tax-exempt nonprofit (EIN: 10882163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Ayer Elderly Housing Partnership Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Ayer Elderly Housing Partnership Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ayer Elderly Housing Partnership Inc located?
Ayer Elderly Housing Partnership Inc is headquartered in Ayer, Massachusetts and files with the IRS under EIN 10882163. It is classified under NTEE code L22.
How many years of IRS 990 filings does Ayer Elderly Housing Partnership Inc have?
Ayer Elderly Housing Partnership 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 $344K in total revenue.
How does Ayer Elderly Housing Partnership Inc. cover its consistent operating deficits?
The consistent operating deficits, where expenses exceed revenue (e.g., $405,578 expenses vs. $331,080 revenue in 202306), suggest the organization is likely drawing down on its assets or relying on external financing to cover shortfalls, as evidenced by the declining asset base over time.
What is the long-term plan for addressing the high liabilities relative to assets?
With liabilities consistently exceeding assets (e.g., $5,542,063 liabilities vs. $4,264,458 assets in 202306), the organization faces a significant financial challenge. A clear strategy for reducing liabilities or substantially increasing assets would be crucial for long-term financial stability.
What percentage of expenses are directly allocated to housing programs for the elderly?
While the NTEE code L22 indicates a focus on housing for the elderly, the provided data does not offer a detailed breakdown of program versus administrative expenses. This information is critical for assessing spending efficiency and impact.
Filing History
IRS 990 filing history for Ayer Elderly Housing Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ayer Elderly Housing Partnership Inc's revenue has grown by 62.3%, moving from $204K to $331K. Total assets decreased by 28.1% over the same period, from $5.9M to $4.3M. Total functional expenses rose by 22.7%, from $331K to $406K. In its most recent filing year (2023), Ayer Elderly Housing Partnership Inc reported a deficit of $74K, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $4.3M in assets (debt-to-asset ratio: 130.0%), resulting in net assets of $-1,277,605.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $331K | $406K | $4.3M | $5.5M | — | — |
| 2022 | $330K | $408K | $4.4M | $5.6M | — | View 990 |
| 2021 | $235K | $394K | $4.4M | $5.6M | — | View 990 |
| 2020 | $244K | $386K | $4.6M | $5.6M | — | View 990 |
| 2019 | $233K | $377K | $4.7M | $5.6M | — | View 990 |
| 2018 | $268K | $354K | $4.9M | $5.6M | — | View 990 |
| 2017 | $238K | $351K | $5.0M | $5.6M | — | View 990 |
| 2016 | $217K | $347K | $5.1M | $5.6M | — | View 990 |
| 2015 | $214K | $380K | $5.2M | $5.6M | — | View 990 |
| 2014 | $206K | $355K | $5.4M | $5.6M | — | View 990 |
| 2013 | $207K | $320K | $5.5M | $5.6M | — | View 990 |
| 2012 | $200K | $323K | $5.7M | $5.6M | — | View 990 |
| 2011 | $204K | $331K | $5.9M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $331K, expenses of $406K, and assets of $4.3M (revenue +0.3% year-over-year).
- 2022: Revenue of $330K, expenses of $408K, and assets of $4.4M (revenue +40.6% year-over-year).
- 2021: Revenue of $235K, expenses of $394K, and assets of $4.4M (revenue -3.6% year-over-year).
- 2020: Revenue of $244K, expenses of $386K, and assets of $4.6M (revenue +4.5% year-over-year).
- 2019: Revenue of $233K, expenses of $377K, and assets of $4.7M (revenue -12.8% year-over-year).
- 2018: Revenue of $268K, expenses of $354K, and assets of $4.9M (revenue +12.6% year-over-year).
- 2017: Revenue of $238K, expenses of $351K, and assets of $5.0M (revenue +9.2% year-over-year).
- 2016: Revenue of $217K, expenses of $347K, and assets of $5.1M (revenue +1.7% year-over-year).
- 2015: Revenue of $214K, expenses of $380K, and assets of $5.2M (revenue +3.7% year-over-year).
- 2014: Revenue of $206K, expenses of $355K, and assets of $5.4M (revenue -0.6% year-over-year).
- 2013: Revenue of $207K, expenses of $320K, and assets of $5.5M (revenue +3.8% year-over-year).
- 2012: Revenue of $200K, expenses of $323K, and assets of $5.7M (revenue -2.0% year-over-year).
- 2011: Revenue of $204K, expenses of $331K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ayer Elderly Housing Partnership Inc:
Data Sources and Methodology
This transparency report for Ayer Elderly Housing Partnership 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.