Jha Properties Inc
Jha Properties Inc. reports no financial activity in its two most recent IRS 990 filings after years of multi-million dollar operations.
EIN: 10510768 · Portland, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Net Assets | $1 |
| Transparency Score | 10/100 |
Is Jha Properties Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Jha Properties Inc
Jha Properties Inc (EIN: 10510768) is a nonprofit organization based in Portland, ME, classified under NTEE code L22. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jha Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jha Properties Inc is a micro nonprofit that has been operating for 29 years, with 6 years of IRS 990 filings on record (2011–2016).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -100.0% | -100.0% | -100.0% |
| 2014 | -17.8% | +4.8% | -11.7% |
| 2013 | -3.0% | -1.0% | -2.4% |
| 2012 | +0.1% | -10.8% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Jha Properties Inc with a Mission Score of 10 out of 100 (Very Poor). 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, Jha Properties Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Officer compensation was consistently reported as 0% across all available filings, indicating no direct compensation to officers from the organization's reported funds. This is notable given the multi-million dollar revenues and expenses in earlier years.
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 Jha Properties Inc's IRS 990 filings:
- Sudden cessation of all financial activity ($0 revenue, expenses, assets) in recent filings after years of multi-million dollar operations.
- Significant liabilities reported in earlier years (e.g., $20,933,384 in 2014) with no clear indication of resolution in subsequent filings.
- Lack of detailed expense breakdown in the provided data, even for active years, hindering analysis of spending efficiency.
Strengths
The following positive indicators were identified for Jha Properties Inc:
- Consistent reporting of 0% officer compensation across all available filings.
Frequently Asked Questions about Jha Properties Inc
Is Jha Properties Inc a legitimate charity?
Jha Properties Inc (EIN: 10510768) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 10/100. It has 6 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Jha Properties Inc spend its money?
Jha Properties Inc reported its financials in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Jha Properties Inc tax-deductible?
Jha Properties Inc is registered as a tax-exempt nonprofit (EIN: 10510768). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Jha Properties Inc compare to similar nonprofits?
With a transparency score of 10/100 (Very Poor), Jha Properties Inc is below average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jha Properties Inc located?
Jha Properties Inc is headquartered in Portland, Maine and files with the IRS under EIN 10510768. It is classified under NTEE code L22.
How many years of IRS 990 filings does Jha Properties Inc have?
Jha Properties Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Jha Properties Inc. still operational?
Based on the 2015 and 2016 IRS 990 filings reporting $0 revenue and $0 expenses, it appears Jha Properties Inc. is no longer actively operating or has significantly ceased its financial activities.
What caused the sudden cessation of financial activity after 2014?
The provided data does not offer an explanation for the abrupt shift from multi-million dollar operations in 2014 to zero financial activity in 2015 and 2016. Further investigation into the organization's public records or direct contact would be necessary.
How were the significant liabilities from earlier years resolved or managed?
In 2014, Jha Properties Inc. reported liabilities of $20,933,384. The subsequent filings with no financial activity do not explain how these substantial liabilities were addressed or if they remain outstanding.
Filing History
IRS 990 filing history for Jha Properties Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Jha Properties Inc's revenue has declined by 100%, moving from $2.7M to $0. Total assets decreased by 100% over the same period, from $9.3M to $1. Total functional expenses fell by 100%, from $2.9M to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $0 | $0 | $1 | $0 | — | View 990 |
| 2015 | $0 | $0 | $0 | $0 | — | View 990 |
| 2014 | $2.1M | $2.7M | $7.7M | $20.9M | — | View 990 |
| 2013 | $2.6M | $2.6M | $8.8M | $22.2M | — | View 990 |
| 2012 | $2.7M | $2.6M | $9.0M | $22.4M | — | View 990 |
| 2011 | $2.7M | $2.9M | $9.3M | $22.8M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $0, expenses of $0, and assets of $1.
- 2015: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.7M, and assets of $7.7M (revenue -17.8% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.6M, and assets of $8.8M (revenue -3.0% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.6M, and assets of $9.0M (revenue +0.1% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.9M, and assets of $9.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jha Properties Inc:
Data Sources and Methodology
This transparency report for Jha Properties 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.