Jordan Bay Place
Jordan Bay Place consistently operates at a deficit, drawing down assets despite increasing revenue.
EIN: 10531223 · Portland, ME · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $250K |
| Total Expenses | $280K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 70/100 |
Is Jordan Bay Place Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jordan Bay Place directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jordan Bay Place
Jordan Bay Place (EIN: 10531223) is a nonprofit organization based in Portland, ME, classified under NTEE code L22. The organization reported total revenue of $250K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jordan Bay Place's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jordan Bay Place is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $249K |
| Total Expenses | $280K |
| Surplus / Deficit | $-30,675 |
| Total Assets | $1.1M |
| Total Liabilities | $22K |
| Net Assets | $1.1M |
| Operating Margin | -12.3% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 47.2 months |
Financial Health Grade: B
In 2023, Jordan Bay Place reported a deficit of $31K with expenses exceeding revenue, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jordan Bay Place's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.1% | +7.8% | -2.9% |
| 2022 | -2.4% | +15.3% | -5.4% |
| 2021 | +4.0% | -1.5% | -1.5% |
| 2020 | +2.8% | +3.8% | -2.1% |
| 2019 | +1.0% | -6.7% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Jordan Bay Place with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Jordan Bay Place allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Jordan Bay Place reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size and asset base.
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 Jordan Bay Place's IRS 990 filings:
- Consistent operational deficits over multiple years (e.g., $30,675 in 2023, $60,260 in 2022).
- Declining asset base due to spending exceeding revenue (from $1,427,238 in 2014 to $1,100,274 in 2023).
- Unusually low or zero reported officer compensation for an organization with over $1 million in assets.
Strengths
The following positive indicators were identified for Jordan Bay Place:
- Strong transparency with 13 consistent IRS 990 filings.
- Significant asset base ($1,100,274 in 2023) providing a buffer despite deficits.
- Increasing revenue trend in recent years (from $198,976 in 2022 to $248,899 in 2023).
Frequently Asked Questions about Jordan Bay Place
Is Jordan Bay Place a legitimate charity?
Jordan Bay Place (EIN: 10531223) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $250K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Jordan Bay Place spend its money?
Jordan Bay Place directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jordan Bay Place tax-deductible?
Jordan Bay Place is registered as a tax-exempt nonprofit (EIN: 10531223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jordan Bay Place's spending goes to programs?
Jordan Bay Place directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jordan Bay Place compare to similar nonprofits?
With a transparency score of 70/100 (Good), Jordan Bay Place is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jordan Bay Place located?
Jordan Bay Place is headquartered in Portland, Maine and files with the IRS under EIN 10531223. It is classified under NTEE code L22.
How many years of IRS 990 filings does Jordan Bay Place have?
Jordan Bay Place 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 $250K in total revenue.
Is Jordan Bay Place financially sustainable given its consistent deficits?
The organization has consistently spent more than it earned, leading to a decline in assets from $1,427,238 in 2014 to $1,100,274 in 2023. While assets are still substantial, this trend is not sustainable long-term without a shift in revenue generation or expense management.
What is the reason for the consistent operational deficits?
The provided data indicates that expenses have exceeded revenue in every reported period. Further investigation into the detailed expense categories (program, administrative, fundraising) would be needed to understand the specific drivers of these deficits.
How does Jordan Bay Place manage without officer compensation?
The consistent reporting of 0% officer compensation suggests a volunteer-driven leadership model or that compensation is structured in a way not reported as officer compensation on the 990. This could indicate high efficiency but also raises questions about the sustainability of leadership.
Filing History
IRS 990 filing history for Jordan Bay Place showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jordan Bay Place's revenue has grown by 65.8%, moving from $150K to $249K. Total assets decreased by 29.6% over the same period, from $1.6M to $1.1M. Total functional expenses rose by 38.1%, from $203K to $280K. In its most recent filing year (2023), Jordan Bay Place reported a deficit of $31K, with expenses exceeding revenue. The organization holds $22K in liabilities against $1.1M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $249K | $280K | $1.1M | $22K | — | — |
| 2022 | $199K | $259K | $1.1M | $24K | — | View 990 |
| 2021 | $204K | $225K | $1.2M | $28K | — | View 990 |
| 2020 | $196K | $228K | $1.2M | $26K | — | View 990 |
| 2019 | $191K | $220K | $1.2M | $20K | — | View 990 |
| 2018 | $189K | $236K | $1.3M | $25K | — | View 990 |
| 2017 | $187K | $224K | $1.3M | $15K | — | — |
| 2016 | $189K | $240K | $1.4M | $20K | — | View 990 |
| 2015 | $180K | $203K | $1.4M | $15K | — | View 990 |
| 2014 | $167K | $208K | $1.4M | $16K | — | View 990 |
| 2013 | $155K | $202K | $1.5M | $12K | — | View 990 |
| 2012 | $155K | $198K | $1.5M | $13K | — | View 990 |
| 2011 | $150K | $203K | $1.6M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $249K, expenses of $280K, and assets of $1.1M (revenue +25.1% year-over-year).
- 2022: Revenue of $199K, expenses of $259K, and assets of $1.1M (revenue -2.4% year-over-year).
- 2021: Revenue of $204K, expenses of $225K, and assets of $1.2M (revenue +4.0% year-over-year).
- 2020: Revenue of $196K, expenses of $228K, and assets of $1.2M (revenue +2.8% year-over-year).
- 2019: Revenue of $191K, expenses of $220K, and assets of $1.2M (revenue +1.0% year-over-year).
- 2018: Revenue of $189K, expenses of $236K, and assets of $1.3M (revenue +0.7% year-over-year).
- 2017: Revenue of $187K, expenses of $224K, and assets of $1.3M (revenue -0.9% year-over-year).
- 2016: Revenue of $189K, expenses of $240K, and assets of $1.4M (revenue +5.1% year-over-year).
- 2015: Revenue of $180K, expenses of $203K, and assets of $1.4M (revenue +8.0% year-over-year).
- 2014: Revenue of $167K, expenses of $208K, and assets of $1.4M (revenue +7.5% year-over-year).
- 2013: Revenue of $155K, expenses of $202K, and assets of $1.5M (revenue +0.1% year-over-year).
- 2012: Revenue of $155K, expenses of $198K, and assets of $1.5M (revenue +3.2% year-over-year).
- 2011: Revenue of $150K, expenses of $203K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jordan Bay Place:
Data Sources and Methodology
This transparency report for Jordan Bay Place 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.