Harbor Day Care Center Inc

Harbor Day Care Center Inc maintains stable finances with consistent revenue growth and no reported officer compensation.

EIN: 112308879 · Mineola, NY · Updated: 2026-03-28

$15.8MRevenue

$7.1MAssets

85/100Mission Score (Excellent)

About Harbor Day Care Center Inc

Harbor Day Care Center Inc (EIN: 112308879) is a nonprofit organization based in Mineola, NY. The organization reported total revenue of $15.8M and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harbor Day Care Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Harbor Day Care Center Inc demonstrates consistent financial operations, with revenues generally exceeding expenses in recent years. For the 202408 period, the organization reported revenues of $13,923,247 against expenses of $13,767,609, indicating a slight surplus. This trend of managing expenses close to revenue is observed across multiple periods, suggesting prudent financial management. The organization's assets have shown growth, reaching $6,687,240 in 202408, which is a positive indicator of financial stability, especially when compared to earlier periods like 202008 where assets were $1,696,020.

While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent reporting of zero officer compensation across all available filings suggests a commitment to minimizing overhead in this area. This practice, if it extends to other administrative costs, would contribute positively to spending efficiency. The organization's liabilities have fluctuated but appear manageable relative to its assets, with a liability-to-asset ratio of approximately 0.71 in 202408 ($4,758,514 liabilities / $6,687,240 assets).

Overall, Harbor Day Care Center Inc appears to be a financially stable organization with a history of responsible financial management. The absence of reported officer compensation is a notable positive for transparency and efficiency. Further detailed analysis of their Form 990 would be needed to fully assess program spending efficiency and other operational aspects, but the available data points to a well-managed entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Harbor Day Care Center 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Harbor Day Care Center Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation is categorized differently.

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 Harbor Day Care Center Inc's IRS 990 filings:

Unusually low or zero reported officer compensation for an organization of this size, which may obscure how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Harbor Day Care Center Inc:

Consistent revenue growth over multiple periods, indicating strong operational performance.
Positive net asset growth, improving financial stability.
Expenses generally managed close to revenues, suggesting prudent financial oversight.
No reported officer compensation, potentially indicating a highly efficient or volunteer-led executive structure.

Frequently Asked Questions about Harbor Day Care Center Inc

How does Harbor Day Care Center Inc manage to operate without reporting officer compensation?

The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $13 million. This could indicate that leadership roles are filled by volunteers, or that compensation for key management is categorized under other expense lines, which would require further investigation of their detailed Form 990s.

What is the trend in the organization's net assets?

The organization's net assets (Assets - Liabilities) have shown significant growth. For example, in 202008, net assets were approximately $951,398 ($1,696,020 - $744,622), while in 202408, they increased to approximately $1,928,726 ($6,687,240 - $4,758,514), indicating a positive trend in financial health and accumulation of reserves.

Is the organization's revenue growth sustainable?

Harbor Day Care Center Inc has demonstrated consistent revenue growth, from $8,454,303 in 202008 to $13,923,247 in 202408. This sustained increase suggests a growing demand for its services or successful fundraising efforts, indicating a potentially sustainable growth trajectory, though future economic conditions could impact this.

Filing History

IRS 990 filing history for Harbor Day Care Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2024), Harbor Day Care Center Inc's revenue has grown by 115.7%, moving from $6.5M to $13.9M. Total assets increased by 466.6% over the same period, from $1.2M to $6.7M. Total functional expenses rose by 113.2%, from $6.5M to $13.8M. In its most recent filing year (2024), Harbor Day Care Center Inc reported a surplus of $156K, with revenue exceeding expenses. The organization holds $4.8M in liabilities against $6.7M in assets (debt-to-asset ratio: 71.2%), resulting in net assets of $1.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$13.9M	$13.8M	$6.7M	$4.8M	—	View 990
2023	$13.2M	$13.0M	$7.8M	$6.0M	—	View 990
2022	$11.0M	$11.7M	$2.8M	$1.3M	—	View 990
2021	$9.8M	$8.5M	$3.6M	$1.4M	—	View 990
2020	$8.5M	$9.4M	$1.7M	$745K	—	—
2019	$11.2M	$10.7M	$2.3M	$391K	—	View 990
2018	$11.1M	$11.0M	$1.9M	$437K	—	View 990
2017	$11.1M	$10.6M	$1.8M	$575K	—	View 990
2016	$10.9M	$10.2M	$1.5M	$768K	—	View 990
2014	$9.5M	$9.2M	$1.4M	$1.5M	—	View 990
2013	$8.3M	$8.5M	$1.2M	$1.6M	—	View 990
2012	$7.2M	$7.3M	$1.2M	$1.4M	—	View 990
2011	$6.5M	$6.5M	$1.2M	$1.3M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $13.9M, expenses of $13.8M, and assets of $6.7M (revenue +5.6% year-over-year).
2023: Revenue of $13.2M, expenses of $13.0M, and assets of $7.8M (revenue +19.6% year-over-year).
2022: Revenue of $11.0M, expenses of $11.7M, and assets of $2.8M (revenue +12.2% year-over-year).
2021: Revenue of $9.8M, expenses of $8.5M, and assets of $3.6M (revenue +16.2% year-over-year).
2020: Revenue of $8.5M, expenses of $9.4M, and assets of $1.7M (revenue -24.8% year-over-year).
2019: Revenue of $11.2M, expenses of $10.7M, and assets of $2.3M (revenue +0.8% year-over-year).
2018: Revenue of $11.1M, expenses of $11.0M, and assets of $1.9M (revenue +0.7% year-over-year).
2017: Revenue of $11.1M, expenses of $10.6M, and assets of $1.8M (revenue +1.7% year-over-year).
2016: Revenue of $10.9M, expenses of $10.2M, and assets of $1.5M (revenue +14.0% year-over-year).
2014: Revenue of $9.5M, expenses of $9.2M, and assets of $1.4M (revenue +15.5% year-over-year).
2013: Revenue of $8.3M, expenses of $8.5M, and assets of $1.2M (revenue +15.5% year-over-year).
2012: Revenue of $7.2M, expenses of $7.3M, and assets of $1.2M (revenue +10.9% year-over-year).
2011: Revenue of $6.5M, expenses of $6.5M, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Harbor Day Care Center 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.