Eaton Street Apartments
Eaton Street Apartments consistently operates at a deficit, leading to a steady decline in assets.
EIN: 10533868 · Machias, ME · NTEE: L99 · Updated: 2026-03-28
Is Eaton Street Apartments Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eaton Street Apartments directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eaton Street Apartments
Eaton Street Apartments (EIN: 10533868) is a nonprofit organization based in Machias, ME, classified under NTEE code L99. The organization reported total revenue of $129K and total assets of $300K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eaton Street Apartments'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 Eaton Street Apartments 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Eaton Street Apartments 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
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a strong positive for resource allocation.
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 Eaton Street Apartments's IRS 990 filings:
- Consistent operating deficits for multiple years (e.g., $20,795 deficit in 2024, $28,490 in 2023).
- Declining asset base over time, from $447,925 in 2015 to $316,613 in 2024.
Strengths
The following positive indicators were identified for Eaton Street Apartments:
- Consistent revenue stream, averaging around $130,000 annually.
- No officer compensation reported, indicating resources are not used for executive salaries.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Eaton Street Apartments
Is Eaton Street Apartments a legitimate charity?
Based on AI analysis of IRS 990 filings, Eaton Street Apartments (EIN: 10533868) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Eaton Street Apartments spend its money?
Eaton Street Apartments directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eaton Street Apartments tax-deductible?
Eaton Street Apartments is registered as a tax-exempt nonprofit (EIN: 10533868). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Eaton Street Apartments financially sustainable?
The organization has consistently reported expenses exceeding revenue for at least the last 9 years, leading to a decline in assets from $447,925 in 2015 to $316,613 in 2024. This trend suggests a lack of long-term financial sustainability without changes to its operating model.
What is the primary cause of the asset decline?
The primary cause is consistent deficit spending, where annual expenses (e.g., $152,014 in 2024) have exceeded annual revenue (e.g., $131,219 in 2024) for many consecutive years.
Does Eaton Street Apartments pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that no officers receive salaries from the organization.
Filing History
IRS 990 filing history for Eaton Street Apartments showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Eaton Street Apartments's revenue has grown by 24.5%, moving from $105K to $131K. Total assets decreased by 39.1% over the same period, from $520K to $317K. Total functional expenses rose by 27.9%, from $119K to $152K. In its most recent filing year (2024), Eaton Street Apartments reported a deficit of $21K, with expenses exceeding revenue. The organization holds $7K in liabilities against $317K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $310K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $131K | $152K | $317K | $7K | — | — |
| 2023 | $131K | $160K | $349K | $19K | — | View 990 |
| 2022 | $130K | $144K | $373K | $14K | — | View 990 |
| 2021 | $132K | $142K | $378K | $5K | — | View 990 |
| 2020 | $132K | $133K | $393K | $11K | — | View 990 |
| 2019 | $132K | $142K | $391K | $8K | — | View 990 |
| 2018 | $122K | $140K | $403K | $9K | — | — |
| 2017 | $123K | $141K | $418K | $5K | — | View 990 |
| 2016 | $136K | $131K | $436K | $5K | — | View 990 |
| 2015 | $108K | $128K | $448K | $22K | — | View 990 |
| 2014 | $112K | $126K | $478K | $32K | — | View 990 |
| 2013 | $100K | $124K | $492K | $31K | — | View 990 |
| 2012 | $105K | $119K | $520K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $131K, expenses of $152K, and assets of $317K (revenue +-0.0% year-over-year).
- 2023: Revenue of $131K, expenses of $160K, and assets of $349K (revenue +1.0% year-over-year).
- 2022: Revenue of $130K, expenses of $144K, and assets of $373K (revenue -1.5% year-over-year).
- 2021: Revenue of $132K, expenses of $142K, and assets of $378K (revenue -0.2% year-over-year).
- 2020: Revenue of $132K, expenses of $133K, and assets of $393K (revenue +0.5% year-over-year).
- 2019: Revenue of $132K, expenses of $142K, and assets of $391K (revenue +7.9% year-over-year).
- 2018: Revenue of $122K, expenses of $140K, and assets of $403K (revenue -0.5% year-over-year).
- 2017: Revenue of $123K, expenses of $141K, and assets of $418K (revenue -9.7% year-over-year).
- 2016: Revenue of $136K, expenses of $131K, and assets of $436K (revenue +25.3% year-over-year).
- 2015: Revenue of $108K, expenses of $128K, and assets of $448K (revenue -2.9% year-over-year).
- 2014: Revenue of $112K, expenses of $126K, and assets of $478K (revenue +11.8% year-over-year).
- 2013: Revenue of $100K, expenses of $124K, and assets of $492K (revenue -5.2% year-over-year).
- 2012: Revenue of $105K, expenses of $119K, and assets of $520K.
Data Sources and Methodology
This transparency report for Eaton Street Apartments 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.