High Bar Harbor Yacht Club Condominium Association Inc
High Bar Harbor Yacht Club: Stable Finances, Limited Public Information
EIN: 223002839 · Long Bch Twp, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $610K |
| Total Expenses | $600K |
| Net Assets | $2.3M |
| Transparency Score | 40/100 |
Is High Bar Harbor Yacht Club Condominium Association Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About High Bar Harbor Yacht Club Condominium Association Inc
High Bar Harbor Yacht Club Condominium Association Inc (EIN: 223002839) is a nonprofit organization based in Long Bch Twp, NJ. The organization reported total revenue of $610K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Bar Harbor Yacht Club Condominium Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Bar Harbor Yacht Club Condominium Association Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $570K |
| Total Expenses | $600K |
| Surplus / Deficit | $-29,927 |
| Total Assets | $2.4M |
| Total Liabilities | $131K |
| Net Assets | $2.3M |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 48.7 months |
Financial Health Grade: B
In 2023, High Bar Harbor Yacht Club Condominium Association Inc reported a deficit of $30K with expenses exceeding revenue, holds 48.7 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), High Bar Harbor Yacht Club Condominium Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +20.8% | -1.3% |
| 2022 | -1.6% | -9.4% | +3.1% |
| 2021 | -1.8% | +12.4% | +1.2% |
| 2020 | +0.8% | +5.7% | +4.4% |
| 2019 | +0.3% | -0.8% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 High Bar Harbor Yacht Club Condominium Association Inc with a Mission Score of 40 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, High Bar Harbor Yacht Club Condominium Association Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Without access to Form 990 filings, it is impossible to assess executive compensation.
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 High Bar Harbor Yacht Club Condominium Association Inc's IRS 990 filings:
- Lack of public Form 990 filings prevents assessment of financial health, program spending, and executive compensation.
- The organization's name suggests a private club, which may not align with typical nonprofit transparency expectations.
- No information on programs or mission beyond the name, making it difficult to evaluate impact.
Strengths
The following positive indicators were identified for High Bar Harbor Yacht Club Condominium Association Inc:
- Consistent revenue generation over several years, with revenues around $500k-$600k annually.
- Assets have shown consistent growth, from $1,933,496 in 2016 to $2,443,815 in 2023.
- Liabilities have remained relatively stable, indicating sound financial management.
Frequently Asked Questions about High Bar Harbor Yacht Club Condominium Association Inc
Is High Bar Harbor Yacht Club Condominium Association Inc a legitimate charity?
High Bar Harbor Yacht Club Condominium Association Inc (EIN: 223002839) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 40/100. It has 13 years of IRS 990 filings on record. Total revenue: $610K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does High Bar Harbor Yacht Club Condominium Association Inc spend its money?
High Bar Harbor Yacht Club Condominium Association Inc reported $610K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to High Bar Harbor Yacht Club Condominium Association Inc tax-deductible?
High Bar Harbor Yacht Club Condominium Association Inc is registered as a tax-exempt nonprofit (EIN: 223002839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is High Bar Harbor Yacht Club Condominium Association Inc located?
High Bar Harbor Yacht Club Condominium Association Inc is headquartered in Long Bch Twp, New Jersey and files with the IRS under EIN 223002839.
How many years of IRS 990 filings does High Bar Harbor Yacht Club Condominium Association Inc have?
High Bar Harbor Yacht Club Condominium 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 $610K in total revenue.
What does High Bar Harbor Yacht Club Condominium Association Inc do?
High Bar Harbor Yacht Club Condominium Association Inc is a nonprofit organization in the Unknown sector, located in Long Bch Twp, New Jersey. It is classified under NTEE code Unknown.
How much revenue does High Bar Harbor Yacht Club Condominium Association Inc have?
High Bar Harbor Yacht Club Condominium Association Inc reported total revenue of $610,212. Based on 13 IRS 990 filings on record.
What are High Bar Harbor Yacht Club Condominium Association Inc's total assets?
High Bar Harbor Yacht Club Condominium Association Inc holds total assets of $2,443,815 as reported in IRS 990 filings.
Where is High Bar Harbor Yacht Club Condominium Association Inc located?
High Bar Harbor Yacht Club Condominium Association Inc is based in Long Bch Twp, New Jersey.
What is High Bar Harbor Yacht Club Condominium Association Inc's EIN?
High Bar Harbor Yacht Club Condominium Association Inc's Employer Identification Number (EIN) is 223002839. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is High Bar Harbor Yacht Club Condominium Association Inc?
High Bar Harbor Yacht Club Condominium Association Inc is classified under NTEE code Unknown (Unknown).
Is High Bar Harbor Yacht Club Condominium Association Inc a registered 501(c)(3)?
High Bar Harbor Yacht Club Condominium Association Inc appears in IRS records (EIN: 223002839). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does High Bar Harbor Yacht Club Condominium Association Inc file IRS Form 990?
Yes, High Bar Harbor Yacht Club Condominium Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was High Bar Harbor Yacht Club Condominium Association Inc's revenue in 2023?
In the 202312 filing period, High Bar Harbor Yacht Club Condominium Association Inc reported total revenue of $570,180, total expenses of $600,107, and net assets of $2,434,761.
Is High Bar Harbor Yacht Club Condominium Association Inc's revenue growing or declining?
High Bar Harbor Yacht Club Condominium Association Inc's revenue is relatively stable. Revenue went from $568,449 (202212) to $570,180 (202312), a +0.3% change. Based on 13 filings on record.
What is High Bar Harbor Yacht Club Condominium Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for High Bar Harbor Yacht Club Condominium Association Inc covers tax period 202312. It shows revenue of $570,180, expenses of $600,107, total assets of $2,434,761, and liabilities of $131,419.
Is High Bar Harbor Yacht Club Condominium Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, High Bar Harbor Yacht Club Condominium Association Inc shows mixed signals. Mission Score: 40/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for High Bar Harbor Yacht Club Condominium Association Inc?
The following concerns were identified: Lack of public Form 990 filings prevents assessment of financial health, program spending, and executive compensation.. The organization's name suggests a private club, which may not align with typical nonprofit transparency expectations.. No information on programs or mission beyond the name, making it difficult to evaluate impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are High Bar Harbor Yacht Club Condominium Association Inc's strengths?
Positive indicators for High Bar Harbor Yacht Club Condominium Association Inc include: Consistent revenue generation over several years, with revenues around $500k-$600k annually.. Assets have shown consistent growth, from $1,933,496 in 2016 to $2,443,815 in 2023.. Liabilities have remained relatively stable, indicating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does High Bar Harbor Yacht Club Condominium Association Inc compensate executives?
Without access to Form 990 filings, it is impossible to assess executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is High Bar Harbor Yacht Club Condominium Association Inc?
• The organization's tax filings (Form 990) are not publicly available, making it impossible to assess program spending, administrative costs, or fundraising efficiency. • The provided data lacks details on specific programs or activities, making it difficult to understand the organization's mission fulfillment. • No information is available regarding board composition, meeting frequency, or conflict of interest policies. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the organization's name and lack of public Form 990s, what is the actual charitable or public benefit mission of the 'High Bar Harbor Yacht Club Condominium Association Inc'?
The provided data does not clarify the specific charitable or public benefit mission. The name suggests it primarily serves its condominium association members, which may not align with typical nonprofit definitions requiring broader public benefit.
How does the organization manage its expenses given that 'x' (expenses) are consistently lower than 'r' (revenue) each year, leading to asset growth?
The consistent difference between revenue and expenses, for example, $570,180 revenue vs. $600,107 expenses in 2023 (note: expenses exceeded revenue in 2023, but generally expenses are lower or close to revenue in prior years), indicates a disciplined approach to financial management, allowing for asset accumulation. However, without detailed expense breakdowns, it's unclear where these savings or investments are being made.
Filing History
IRS 990 filing history for High Bar Harbor Yacht Club Condominium Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), High Bar Harbor Yacht Club Condominium Association Inc's revenue has grown by 11.1%, moving from $513K to $570K. Total assets increased by 78.8% over the same period, from $1.4M to $2.4M. Total functional expenses rose by 68.1%, from $357K to $600K. In its most recent filing year (2023), High Bar Harbor Yacht Club Condominium Association Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $131K in liabilities against $2.4M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $570K | $600K | $2.4M | $131K | — | View 990 |
| 2022 | $568K | $497K | $2.5M | $133K | — | View 990 |
| 2021 | $578K | $548K | $2.4M | $131K | — | View 990 |
| 2020 | $588K | $488K | $2.4M | $131K | — | View 990 |
| 2019 | $583K | $462K | $2.3M | $131K | — | View 990 |
| 2018 | $581K | $466K | $2.1M | $131K | — | View 990 |
| 2017 | $556K | $453K | $2.0M | $139K | — | View 990 |
| 2016 | $522K | $456K | $1.9M | $142K | — | View 990 |
| 2015 | $518K | $449K | $1.8M | $123K | — | View 990 |
| 2014 | $520K | $423K | $1.8M | $132K | — | View 990 |
| 2013 | $534K | $431K | $1.7M | $119K | — | View 990 |
| 2012 | $600K | $388K | $1.7M | $195K | — | View 990 |
| 2011 | $513K | $357K | $1.4M | $115K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $570K, expenses of $600K, and assets of $2.4M (revenue +0.3% year-over-year).
- 2022: Revenue of $568K, expenses of $497K, and assets of $2.5M (revenue -1.6% year-over-year).
- 2021: Revenue of $578K, expenses of $548K, and assets of $2.4M (revenue -1.8% year-over-year).
- 2020: Revenue of $588K, expenses of $488K, and assets of $2.4M (revenue +0.8% year-over-year).
- 2019: Revenue of $583K, expenses of $462K, and assets of $2.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $581K, expenses of $466K, and assets of $2.1M (revenue +4.6% year-over-year).
- 2017: Revenue of $556K, expenses of $453K, and assets of $2.0M (revenue +6.4% year-over-year).
- 2016: Revenue of $522K, expenses of $456K, and assets of $1.9M (revenue +0.9% year-over-year).
- 2015: Revenue of $518K, expenses of $449K, and assets of $1.8M (revenue -0.6% year-over-year).
- 2014: Revenue of $520K, expenses of $423K, and assets of $1.8M (revenue -2.6% year-over-year).
- 2013: Revenue of $534K, expenses of $431K, and assets of $1.7M (revenue -10.9% year-over-year).
- 2012: Revenue of $600K, expenses of $388K, and assets of $1.7M (revenue +16.8% year-over-year).
- 2011: Revenue of $513K, expenses of $357K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Bar Harbor Yacht Club Condominium Association Inc:
Data Sources and Methodology
This transparency report for High Bar Harbor Yacht Club Condominium 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.