Haines Assisted Living Inc
Haines Assisted Living Inc. faces significant financial challenges with expenses consistently outpacing revenue and declining assets.
EIN: 205805082 · Haines, AK · NTEE: P80 · Updated: 2026-03-28
Is Haines Assisted Living Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Haines Assisted Living Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Haines Assisted Living Inc
Haines Assisted Living Inc (EIN: 205805082) is a nonprofit organization based in Haines, AK, classified under NTEE code P80. The organization reported total revenue of $469K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Haines Assisted Living Inc'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 Haines Assisted Living Inc with a Mission Score of 45 out of 100 (Fair). 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: 70%
- fundraising: 10%
According to IRS 990 filings, Haines Assisted Living Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is highly unusual for an organization of this size and suggests potential reliance on volunteer leadership or compensation being reported under other expense categories.
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 Haines Assisted Living Inc's IRS 990 filings:
- Consistent and significant operational deficits (expenses exceeding revenue) in recent years (e.g., 2023, 2022, 2021, 2019, 2018, 2017).
- Substantial decline in total assets from $13.6 million in 2016 to $3.8 million in 2023, indicating significant asset depletion.
- Unusually high expenses relative to revenue in 2020 ($8,420,532 expenses vs. $909,779 revenue) without clear explanation in the provided data.
- Low liabilities relative to assets, which could indicate a lack of external financing or a strong reliance on internal funds, but in this context, it might also reflect a shrinking operational footprint.
Strengths
The following positive indicators were identified for Haines Assisted Living Inc:
- Consistently reports 0% officer compensation, indicating no direct executive salary burden.
- Historically managed significant assets, suggesting past capacity for large-scale operations.
- Low liabilities in recent years, indicating minimal debt burden.
Frequently Asked Questions about Haines Assisted Living Inc
Is Haines Assisted Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Haines Assisted Living Inc (EIN: 205805082) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Haines Assisted Living Inc spend its money?
Haines Assisted Living Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Haines Assisted Living Inc tax-deductible?
Haines Assisted Living Inc is registered as a tax-exempt nonprofit (EIN: 205805082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How is Haines Assisted Living Inc. covering its operational deficits?
The consistent gap between expenses and revenue (e.g., $343,386 deficit in 2023, $499,929 deficit in 2022) suggests the organization is either drawing heavily from its assets, receiving significant non-operating income not reflected in 'Revenue,' or facing severe financial strain.
What caused the substantial decline in assets from $13.6 million in 2016 to $3.8 million in 2023?
This significant reduction in assets, over $9 million, warrants further investigation to understand if it was due to asset sales, depreciation, or other factors, especially given the concurrent operational deficits.
Is the 0% officer compensation accurate, and if so, how is the organization managed?
While 0% officer compensation is positive for cost control, it's unusual for an organization with nearly $500,000 in revenue and over $3 million in assets. It raises questions about the leadership structure and how management functions are compensated, if at all.
Filing History
IRS 990 filing history for Haines Assisted Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Haines Assisted Living Inc's revenue has declined by 37.7%, moving from $648K to $404K. Total assets decreased by 10.1% over the same period, from $4.3M to $3.9M. Total functional expenses rose by 43.3%, from $521K to $748K. In its most recent filing year (2023), Haines Assisted Living Inc reported a deficit of $343K, with expenses exceeding revenue. The organization holds $20K in liabilities against $3.9M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $404K | $748K | $3.9M | $20K | — | View 990 |
| 2022 | $583K | $983K | $4.2M | $13K | — | View 990 |
| 2021 | $564K | $614K | $4.6M | $2K | — | View 990 |
| 2020 | $910K | $8.4M | $4.8M | $109K | — | — |
| 2019 | $611K | $1.1M | $12.2M | $37K | — | View 990 |
| 2018 | $999K | $1.4M | $12.8M | $105K | — | View 990 |
| 2017 | $815K | $1.3M | $13.1M | $76K | — | View 990 |
| 2016 | $2.3M | $1.1M | $13.6M | $57K | — | View 990 |
| 2015 | $1.8M | $795K | $12.6M | $361K | — | View 990 |
| 2014 | $3.1M | $696K | $11.4M | $147K | — | View 990 |
| 2013 | $4.9M | $571K | $10.0M | $1.1M | — | View 990 |
| 2012 | $851K | $547K | $4.8M | $227K | — | View 990 |
| 2011 | $648K | $521K | $4.3M | $73K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $404K, expenses of $748K, and assets of $3.9M (revenue -30.7% year-over-year).
- 2022: Revenue of $583K, expenses of $983K, and assets of $4.2M (revenue +3.4% year-over-year).
- 2021: Revenue of $564K, expenses of $614K, and assets of $4.6M (revenue -38.0% year-over-year).
- 2020: Revenue of $910K, expenses of $8.4M, and assets of $4.8M (revenue +48.8% year-over-year).
- 2019: Revenue of $611K, expenses of $1.1M, and assets of $12.2M (revenue -38.8% year-over-year).
- 2018: Revenue of $999K, expenses of $1.4M, and assets of $12.8M (revenue +22.5% year-over-year).
- 2017: Revenue of $815K, expenses of $1.3M, and assets of $13.1M (revenue -65.2% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.1M, and assets of $13.6M (revenue +31.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $795K, and assets of $12.6M (revenue -42.4% year-over-year).
- 2014: Revenue of $3.1M, expenses of $696K, and assets of $11.4M (revenue -37.0% year-over-year).
- 2013: Revenue of $4.9M, expenses of $571K, and assets of $10.0M (revenue +478.1% year-over-year).
- 2012: Revenue of $851K, expenses of $547K, and assets of $4.8M (revenue +31.2% year-over-year).
- 2011: Revenue of $648K, expenses of $521K, and assets of $4.3M.
Data Sources and Methodology
This transparency report for Haines Assisted Living 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.