Fairhaven Residents Association Inc
Fairhaven Residents Association consistently operates near break-even with no officer compensation and minimal liabilities.
EIN: 10608536 · Sykesville, MD · NTEE: P99 · Updated: 2026-03-26
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $169K |
| Total Expenses | $183K |
| Program Spending | 90% |
| Net Assets | $447K |
| Transparency Score | 85/100 |
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Fairhaven Residents Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Fairhaven Residents Association Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Fairhaven Residents Association Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $175K and expenses of $183K.
Revenue and Expenses
Fairhaven Residents Association Inc reported $175K in revenue and $183K in expenses, a deficit of $8K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Fairhaven Residents Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $165K (90%) |
Across stored filings, Fairhaven Residents Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Main Street Mobile Treatment Associates Inc | Maryland and Human Services context |
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Fairhaven Residents Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairhaven Residents Association Inc
Fairhaven Residents Association Inc (EIN: 10608536) is a nonprofit organization based in Sykesville, MD, classified under NTEE code P99. The organization reported total revenue of $169K and total assets of $452K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairhaven Residents Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairhaven Residents Association Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $183K |
| Surplus / Deficit | $-8,271 |
| Total Assets | $447K |
| Net Assets | $447K |
| Operating Margin | -4.7% |
| Months of Reserves | 29.2 months |
Financial Health Grade: B
In 2023, Fairhaven Residents Association Inc reported a deficit of $8K with expenses exceeding revenue, holds 29.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Fairhaven Residents Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -1.8% | +6.7% |
| 2022 | -7.0% | -14.1% | -18.2% |
| 2021 | +0.9% | +28.7% | -1.4% |
| 2020 | +177.5% | +29.6% | +35.7% |
| 2019 | -1.1% | +3.3% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Fairhaven Residents Association 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, Fairhaven Residents Association 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 deficit of $8K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is a positive sign for donor confidence and 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 Fairhaven Residents Association Inc's IRS 990 filings:
- Consistent slight operating deficits in recent years (e.g., 2023 expenses $183,472 vs. revenue $175,201), which could erode assets over time if not managed.
Strengths
The following positive indicators were identified for Fairhaven Residents Association Inc:
- Zero officer compensation, indicating a volunteer-driven leadership.
- Consistently low to zero liabilities, demonstrating strong debt management.
- Healthy asset base relative to annual revenue, providing financial cushion.
- Consistent IRS 990 filing history (13 filings), indicating strong transparency.
Frequently Asked Questions about Fairhaven Residents Association Inc
Is Fairhaven Residents Association Inc a legitimate charity?
Fairhaven Residents Association Inc (EIN: 10608536) 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: $169K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Fairhaven Residents Association Inc spend its money?
Fairhaven Residents Association Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fairhaven Residents Association Inc tax-deductible?
Fairhaven Residents Association Inc is registered as a tax-exempt nonprofit (EIN: 10608536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fairhaven Residents Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fairhaven Residents Association Inc is above average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fairhaven Residents Association Inc located?
Fairhaven Residents Association Inc is headquartered in Sykesville, Maryland and files with the IRS under EIN 10608536. It is classified under NTEE code P99.
How many years of IRS 990 filings does Fairhaven Residents Association Inc have?
Fairhaven Residents Association 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 $169K in total revenue.
Is Fairhaven Residents Association Inc. financially stable?
Yes, despite operating near break-even or with slight deficits in some years (e.g., 2023 expenses exceeded revenue by $8,271), the organization maintains a strong asset base ($446,915 in 2023) and consistently reports zero liabilities, indicating good financial health and no reliance on debt.
How does Fairhaven Residents Association Inc. spend its money?
Based on the absence of officer compensation and typical operations of a residents association, it's highly probable that the vast majority of expenses are directed towards program services and administrative overhead, with no dedicated fundraising expenses reported.
Does Fairhaven Residents Association Inc. have paid executives?
No, the IRS 990 filings consistently show 0% officer compensation, indicating that the organization's executives and officers are unpaid volunteers.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally been stable in recent years, hovering around $170,000-$180,000, with expenses often slightly exceeding revenue. There was a notable increase in both revenue and expenses from 2019 ($64,707 revenue) to 2020 ($179,536 revenue).
Filing History
IRS 990 filing history for Fairhaven Residents Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fairhaven Residents Association Inc's revenue has grown by 265.5%, moving from $48K to $175K. Total assets increased by 32.6% over the same period, from $337K to $447K. Total functional expenses rose by 239.9%, from $54K to $183K. In its most recent filing year (2023), Fairhaven Residents Association Inc reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $183K | $447K | $0 | — | — |
| 2022 | $169K | $187K | $419K | $0 | — | View 990 |
| 2021 | $181K | $217K | $512K | $0 | — | View 990 |
| 2020 | $180K | $169K | $519K | $0 | — | — |
| 2019 | $65K | $130K | $383K | $0 | — | View 990 |
| 2018 | $65K | $126K | $389K | $0 | — | View 990 |
| 2017 | $52K | $54K | $466K | $0 | — | View 990 |
| 2016 | $47K | $47K | $434K | $0 | — | View 990 |
| 2015 | $58K | $36K | $422K | $5K | — | View 990 |
| 2014 | $59K | $64K | $399K | $0 | — | View 990 |
| 2013 | $53K | $44K | $385K | $0 | — | View 990 |
| 2012 | $55K | $43K | $348K | $0 | — | View 990 |
| 2011 | $48K | $54K | $337K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $183K, and assets of $447K (revenue +3.9% year-over-year).
- 2022: Revenue of $169K, expenses of $187K, and assets of $419K (revenue -7.0% year-over-year).
- 2021: Revenue of $181K, expenses of $217K, and assets of $512K (revenue +0.9% year-over-year).
- 2020: Revenue of $180K, expenses of $169K, and assets of $519K (revenue +177.5% year-over-year).
- 2019: Revenue of $65K, expenses of $130K, and assets of $383K (revenue -1.1% year-over-year).
- 2018: Revenue of $65K, expenses of $126K, and assets of $389K (revenue +24.6% year-over-year).
- 2017: Revenue of $52K, expenses of $54K, and assets of $466K (revenue +12.3% year-over-year).
- 2016: Revenue of $47K, expenses of $47K, and assets of $434K (revenue -19.4% year-over-year).
- 2015: Revenue of $58K, expenses of $36K, and assets of $422K (revenue -2.5% year-over-year).
- 2014: Revenue of $59K, expenses of $64K, and assets of $399K (revenue +12.3% year-over-year).
- 2013: Revenue of $53K, expenses of $44K, and assets of $385K (revenue -3.6% year-over-year).
- 2012: Revenue of $55K, expenses of $43K, and assets of $348K (revenue +14.6% year-over-year).
- 2011: Revenue of $48K, expenses of $54K, and assets of $337K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairhaven Residents Association Inc:
Data Sources and Methodology
This transparency report for Fairhaven Residents Association 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.