Greater Bangor Apartment Owners And Managers Association Inc
Greater Bangor Apartment Owners And Managers Association Inc. maintains stable finances with volunteer leadership and no liabilities.
EIN: 10529091 · Hermon, ME · NTEE: S41 · Updated: 2026-03-28
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Greater Bangor Apartment Owners And Managers Association Inc is mapped to EIN 10529091.
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90% program spend, health grade B
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| Metric | Value |
|---|---|
| Total Revenue | $44K |
| Total Expenses | $51K |
| Program Spending | 90% |
| Net Assets | $140K |
| Transparency Score | 90/100 |
Search Intent Cockpit
Greater Bangor Apartment Owners And Managers Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Greater Bangor Apartment Owners And Managers 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 Greater Bangor Apartment Owners And Managers Association Inc in one place.
Form 990 Filing Summary
5 filing years are available, with latest revenue of $50K and expenses of $51K.
Revenue and Expenses
Greater Bangor Apartment Owners And Managers Association Inc reported $50K in revenue and $51K in expenses, a deficit of $1K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Greater Bangor Apartment Owners And Managers Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
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 | $46K (90%) |
Across stored filings, Greater Bangor Apartment Owners And Managers Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade B | 5 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Community Improvement context |
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Hermon, ME nonprofitsCommunity Improvement in Maine
Public Benefit in Maine
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Research Workflow
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Request a concise report for Greater Bangor Apartment Owners And Managers Association Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.
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Greater Bangor Apartment Owners And Managers Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Bangor Apartment Owners And Managers Association Inc
Greater Bangor Apartment Owners And Managers Association Inc (EIN: 10529091) is a nonprofit organization based in Hermon, ME, classified under NTEE code S41. The organization reported total revenue of $44K and total assets of $134K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Bangor Apartment Owners And Managers Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Bangor Apartment Owners And Managers Association Inc is a micro nonprofit that has been operating for 20 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $51K |
| Surplus / Deficit | $-1,098 |
| Total Assets | $140K |
| Net Assets | $140K |
| Operating Margin | -2.2% |
| Months of Reserves | 33.1 months |
Financial Health Grade: B
In 2023, Greater Bangor Apartment Owners And Managers Association Inc reported a deficit of $1K with expenses exceeding revenue, holds 33.1 months of operating reserves (strong position).
Financial Trends
Over 5 years of filings (2019–2023), Greater Bangor Apartment Owners And Managers Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | +31.5% | -0.8% |
| 2022 | +1.7% | -11.1% | +7.9% |
| 2021 | -6.4% | +17.1% | +3.7% |
| 2020 | +-0.0% | -13.4% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Greater Bangor Apartment Owners And Managers Association Inc with a Mission Score of 90 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, Greater Bangor Apartment Owners And Managers 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 $1K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all five years of filings, indicating that the organization's leadership is entirely volunteer-based, which significantly reduces administrative overhead for this small nonprofit.
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 Greater Bangor Apartment Owners And Managers Association Inc:
- Consistent asset growth, from $112,024 in 2019 to $140,249 in 2023.
- No reported liabilities across all five years of filings, indicating strong financial health.
- 0% officer compensation, demonstrating volunteer leadership and efficient use of funds.
- Stable revenue streams, consistently around $48,000-$51,000 annually.
- High program spending ratio due to minimal administrative and no fundraising costs.
Frequently Asked Questions about Greater Bangor Apartment Owners And Managers Association Inc
Is Greater Bangor Apartment Owners And Managers Association Inc a legitimate charity?
Greater Bangor Apartment Owners And Managers Association Inc (EIN: 10529091) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 5 years of IRS 990 filings on record. Total revenue: $44K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Greater Bangor Apartment Owners And Managers Association Inc spend its money?
Greater Bangor Apartment Owners And Managers Association Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Greater Bangor Apartment Owners And Managers Association Inc tax-deductible?
Greater Bangor Apartment Owners And Managers Association Inc is registered as a tax-exempt nonprofit (EIN: 10529091). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Greater Bangor Apartment Owners And Managers Association Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Greater Bangor Apartment Owners And Managers Association Inc is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Bangor Apartment Owners And Managers Association Inc located?
Greater Bangor Apartment Owners And Managers Association Inc is headquartered in Hermon, Maine and files with the IRS under EIN 10529091. It is classified under NTEE code S41.
How many years of IRS 990 filings does Greater Bangor Apartment Owners And Managers Association Inc have?
Greater Bangor Apartment Owners And Managers Association Inc has 5 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 $44K in total revenue.
Is Greater Bangor Apartment Owners And Managers Association Inc. a good charity?
Based on the available financial data, the organization appears to be a well-managed and efficient nonprofit. It maintains a stable financial position with growing assets, no liabilities, and operates with volunteer leadership, which allows a high percentage of its modest budget to be directed towards its mission.
How does the organization fund its operations?
The organization primarily funds its operations through consistent annual revenues, which have ranged from $48,108 to $51,442 over the past five years. Given its NTEE code (S41 - Housing Support), these revenues likely come from membership dues, events, or related services for apartment owners and managers.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, increasing from $112,024 in 2019 to $140,249 in 2023, indicating healthy financial growth and accumulation of reserves.
Filing History
IRS 990 filing history for Greater Bangor Apartment Owners And Managers Association Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Greater Bangor Apartment Owners And Managers Association Inc's revenue has declined by 3.4%, moving from $51K to $50K. Total assets increased by 25.2% over the same period, from $112K to $140K. Total functional expenses rose by 18.6%, from $43K to $51K. In its most recent filing year (2023), Greater Bangor Apartment Owners And Managers Association Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50K | $51K | $140K | $0 | — | — |
| 2022 | $49K | $39K | $141K | $0 | — | View 990 |
| 2021 | $48K | $43K | $131K | $0 | — | View 990 |
| 2020 | $51K | $37K | $126K | $0 | — | View 990 |
| 2019 | $51K | $43K | $112K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50K, expenses of $51K, and assets of $140K (revenue +1.5% year-over-year).
- 2022: Revenue of $49K, expenses of $39K, and assets of $141K (revenue +1.7% year-over-year).
- 2021: Revenue of $48K, expenses of $43K, and assets of $131K (revenue -6.4% year-over-year).
- 2020: Revenue of $51K, expenses of $37K, and assets of $126K (revenue +-0.0% year-over-year).
- 2019: Revenue of $51K, expenses of $43K, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Bangor Apartment Owners And Managers Association Inc:
Data Sources and Methodology
This transparency report for Greater Bangor Apartment Owners And Managers 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.