Bywater Mutual Homes Inc
Bywater Mutual Homes Inc. consistently maintains financial stability with growing assets and no reported officer compensation.
EIN: 130816700 · Annapolis, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $3.3M |
| Program Spending | 90% |
| Net Assets | $4.3M |
| Transparency Score | 85/100 |
Is Bywater Mutual Homes Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bywater Mutual Homes Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bywater Mutual Homes Inc
Bywater Mutual Homes Inc (EIN: 130816700) is a nonprofit organization based in Annapolis, MD. The organization reported total revenue of $4.1M and total assets of $12.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bywater Mutual Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bywater Mutual Homes Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.3M |
| Surplus / Deficit | +$282K |
| Total Assets | $12.3M |
| Total Liabilities | $7.9M |
| Net Assets | $4.3M |
| Operating Margin | 7.8% |
| Debt-to-Asset Ratio | 64.6% |
| Months of Reserves | 44.4 months |
Financial Health Grade: A
In 2023, Bywater Mutual Homes Inc reported a surplus of $282K with revenue exceeding expenses, holds 44.4 months of operating reserves (strong position), has a debt-to-asset ratio of 64.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bywater Mutual Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | -1.3% | +2.0% |
| 2022 | -4.0% | +4.6% | -0.6% |
| 2021 | +2.9% | +4.6% | +1.2% |
| 2020 | -2.4% | -8.1% | +4.6% |
| 2019 | +7.5% | +12.1% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Bywater Mutual Homes 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Bywater Mutual Homes Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $282K, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through means not categorized as officer compensation on the IRS Form 990. This suggests a highly efficient use of funds, as no direct compensation is allocated to top executives.
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.
Strengths
The following positive indicators were identified for Bywater Mutual Homes Inc:
- Consistent financial stability with revenues generally exceeding expenses.
- Steady growth in assets, from $10,246,267 in 2014 to $12,268,750 in 2023.
- No reported officer compensation across all filings, indicating high efficiency or volunteer leadership.
- Consistent IRS 990 filing history over 13 periods, demonstrating transparency and accountability.
- Prudent management of liabilities, which have remained relatively stable over the years.
Frequently Asked Questions about Bywater Mutual Homes Inc
Is Bywater Mutual Homes Inc a legitimate charity?
Bywater Mutual Homes Inc (EIN: 130816700) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.1M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Bywater Mutual Homes Inc spend its money?
Bywater Mutual Homes Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bywater Mutual Homes Inc tax-deductible?
Bywater Mutual Homes Inc is registered as a tax-exempt nonprofit (EIN: 130816700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bywater Mutual Homes Inc located?
Bywater Mutual Homes Inc is headquartered in Annapolis, Maryland and files with the IRS under EIN 130816700.
How many years of IRS 990 filings does Bywater Mutual Homes Inc have?
Bywater Mutual Homes 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 $4.1M in total revenue.
Is Bywater Mutual Homes Inc. a good charity?
Based on the available financial data, Bywater Mutual Homes Inc. appears to be a financially stable organization with consistent revenue, growing assets, and no reported officer compensation, which are positive indicators for a 'good charity'.
How does Bywater Mutual Homes Inc. manage its expenses?
The organization consistently manages its expenses below its revenue, as seen in 2023 where expenses were $3,317,953 against revenues of $3,599,752, leading to a surplus. This trend is visible across most years, indicating sound financial management.
What is the trend in Bywater Mutual Homes Inc.'s assets?
Bywater Mutual Homes Inc. has shown a consistent upward trend in assets, growing from $10,246,267 in 2014 to $12,268,750 in 2023, indicating financial growth and stability.
Does Bywater Mutual Homes Inc. pay its officers?
According to the IRS 990 filings, Bywater Mutual Homes Inc. reports 0% officer compensation for all available periods, suggesting that officers are not directly compensated or their compensation is structured differently.
Filing History
IRS 990 filing history for Bywater Mutual Homes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bywater Mutual Homes Inc's revenue has grown by 6%, moving from $3.4M to $3.6M. Total assets increased by 20.6% over the same period, from $10.2M to $12.3M. Total functional expenses rose by 13.7%, from $2.9M to $3.3M. In its most recent filing year (2023), Bywater Mutual Homes Inc reported a surplus of $282K, with revenue exceeding expenses. The organization holds $7.9M in liabilities against $12.3M in assets (debt-to-asset ratio: 64.6%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.3M | $12.3M | $7.9M | — | — |
| 2022 | $3.5M | $3.4M | $12.0M | $8.0M | — | View 990 |
| 2021 | $3.6M | $3.2M | $12.1M | $8.1M | — | View 990 |
| 2020 | $3.5M | $3.1M | $12.0M | $8.4M | — | — |
| 2019 | $3.6M | $3.3M | $11.4M | $8.3M | — | — |
| 2018 | $3.3M | $3.0M | $11.4M | $8.4M | — | View 990 |
| 2017 | $3.3M | $3.0M | $11.2M | $8.6M | — | View 990 |
| 2016 | $3.2M | $3.2M | $9.3M | $7.1M | — | View 990 |
| 2015 | $3.2M | $3.8M | $9.6M | $7.4M | — | View 990 |
| 2014 | $3.2M | $3.2M | $10.2M | $7.4M | — | View 990 |
| 2013 | $3.3M | $3.0M | $10.3M | $7.5M | — | View 990 |
| 2012 | $3.4M | $3.0M | $10.2M | $7.7M | — | View 990 |
| 2011 | $3.4M | $2.9M | $10.2M | $8.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.3M, and assets of $12.3M (revenue +4.3% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.4M, and assets of $12.0M (revenue -4.0% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.2M, and assets of $12.1M (revenue +2.9% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.1M, and assets of $12.0M (revenue -2.4% year-over-year).
- 2019: Revenue of $3.6M, expenses of $3.3M, and assets of $11.4M (revenue +7.5% year-over-year).
- 2018: Revenue of $3.3M, expenses of $3.0M, and assets of $11.4M (revenue -0.3% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.0M, and assets of $11.2M (revenue +3.6% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.2M, and assets of $9.3M (revenue +0.2% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.8M, and assets of $9.6M (revenue -0.4% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.2M, and assets of $10.2M (revenue -1.2% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.0M, and assets of $10.3M (revenue -3.1% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.0M, and assets of $10.2M (revenue -0.6% year-over-year).
- 2011: Revenue of $3.4M, expenses of $2.9M, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bywater Mutual Homes Inc:
Data Sources and Methodology
This transparency report for Bywater Mutual Homes 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.