Manchester Housing For The Elderly
Manchester Housing For The Elderly shows consistent operations with increasing liabilities and declining assets over the past decade.
EIN: 10367056 · Portland, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $252K |
| Total Expenses | $232K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $-178,643 |
| Transparency Score | 70/100 |
Is Manchester Housing For The Elderly Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Manchester Housing For The Elderly directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Manchester Housing For The Elderly
Manchester Housing For The Elderly (EIN: 10367056) is a nonprofit organization based in Portland, ME. The organization reported total revenue of $252K and total assets of $702K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manchester Housing For The Elderly's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manchester Housing For The Elderly is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $232K |
| Surplus / Deficit | $-1,073 |
| Total Assets | $691K |
| Total Liabilities | $869K |
| Net Assets | $-178,643 |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 125.9% |
| Months of Reserves | 35.7 months |
Financial Health Grade: C
In 2023, Manchester Housing For The Elderly reported a deficit of $1K with expenses exceeding revenue, holds 35.7 months of operating reserves (strong position), has a debt-to-asset ratio of 125.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Manchester Housing For The Elderly's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.9% | +3.7% | +0.1% |
| 2022 | -3.0% | +5.4% | -2.8% |
| 2021 | +2.9% | -0.4% | -1.1% |
| 2020 | +0.1% | +4.6% | -1.2% |
| 2019 | +6.6% | -7.0% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Manchester Housing For The Elderly 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: 85%
- fundraising: 0%
According to IRS 990 filings, Manchester Housing For The Elderly allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 125.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer channels, which is highly efficient for an organization of its size with revenues around $200,000 annually.
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 Manchester Housing For The Elderly's IRS 990 filings:
- Consistent operational deficits (expenses often exceed revenue)
- Declining asset base over the past decade (from $769,561 in 2014 to $690,523 in 2023)
- Increasing liabilities over the past decade (from $800,405 in 2014 to $869,166 in 2023)
- Liabilities significantly exceed assets ($869,166 vs. $690,523 in 2023)
Strengths
The following positive indicators were identified for Manchester Housing For The Elderly:
- Consistent IRS 990 filing history (13 filings)
- 0% reported officer compensation across all filings, indicating high efficiency in leadership costs
- Stable revenue generation over the past decade, consistently around $180,000 - $230,000
Frequently Asked Questions about Manchester Housing For The Elderly
Is Manchester Housing For The Elderly a legitimate charity?
Based on AI analysis of IRS 990 filings, Manchester Housing For The Elderly (EIN: 10367056) some concerns. Mission Score: 70/100. 4 red flags identified, 3 strengths noted.
How does Manchester Housing For The Elderly spend its money?
Manchester Housing For The Elderly directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Manchester Housing For The Elderly tax-deductible?
Manchester Housing For The Elderly is registered as a tax-exempt nonprofit (EIN: 10367056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Manchester Housing For The Elderly CEO make?
Manchester Housing For The Elderly's highest-compensated officer earns $200,000 annually. The organization reported $252K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Manchester Housing For The Elderly located?
Manchester Housing For The Elderly is headquartered in Portland, Maine and files with the IRS under EIN 10367056.
How many years of IRS 990 filings does Manchester Housing For The Elderly have?
Manchester Housing For The Elderly 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 $252K in total revenue.
Is Manchester Housing For The Elderly a good charity?
The organization appears to be a good charity in terms of its operational efficiency regarding executive compensation (0% reported). However, the long-term trend of declining assets and increasing liabilities, alongside consistent minor operational deficits, suggests potential financial sustainability challenges that warrant further investigation.
What is the nature of the increasing liabilities?
The IRS 990 data shows liabilities increasing from $800,405 in 2014 to $869,166 in 2023. Without more detailed financial statements, it's unclear if these are related to mortgages, bonds, or other forms of debt, or if they represent deferred revenue or other obligations.
How does the organization cover its operational deficits?
The organization frequently reports expenses slightly exceeding revenue (e.g., $232,342 expenses vs. $231,269 revenue in 2023). This suggests that deficits might be covered by drawing down reserves, increasing liabilities, or through non-operating income not detailed in the provided summary.
Filing History
IRS 990 filing history for Manchester Housing For The Elderly showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manchester Housing For The Elderly's revenue has grown by 23%, moving from $188K to $231K. Total assets decreased by 8.7% over the same period, from $756K to $691K. Total functional expenses rose by 24.6%, from $186K to $232K. In its most recent filing year (2023), Manchester Housing For The Elderly reported a deficit of $1K, with expenses exceeding revenue. The organization holds $869K in liabilities against $691K in assets (debt-to-asset ratio: 125.9%), resulting in net assets of $-178,643.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $232K | $691K | $869K | — | — |
| 2022 | $198K | $224K | $690K | $868K | — | — |
| 2021 | $204K | $213K | $710K | $861K | — | View 990 |
| 2020 | $198K | $213K | $718K | $861K | — | View 990 |
| 2019 | $198K | $204K | $727K | $854K | — | View 990 |
| 2018 | $186K | $220K | $721K | $846K | — | View 990 |
| 2017 | $189K | $202K | $744K | $835K | — | View 990 |
| 2016 | $185K | $198K | $747K | $825K | — | View 990 |
| 2015 | $187K | $221K | $750K | $815K | — | View 990 |
| 2014 | $184K | $197K | $770K | $800K | — | View 990 |
| 2013 | $188K | $199K | $772K | $789K | — | View 990 |
| 2012 | $187K | $188K | $769K | $775K | — | View 990 |
| 2011 | $188K | $186K | $756K | $761K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $232K, and assets of $691K (revenue +16.9% year-over-year).
- 2022: Revenue of $198K, expenses of $224K, and assets of $690K (revenue -3.0% year-over-year).
- 2021: Revenue of $204K, expenses of $213K, and assets of $710K (revenue +2.9% year-over-year).
- 2020: Revenue of $198K, expenses of $213K, and assets of $718K (revenue +0.1% year-over-year).
- 2019: Revenue of $198K, expenses of $204K, and assets of $727K (revenue +6.6% year-over-year).
- 2018: Revenue of $186K, expenses of $220K, and assets of $721K (revenue -1.8% year-over-year).
- 2017: Revenue of $189K, expenses of $202K, and assets of $744K (revenue +2.5% year-over-year).
- 2016: Revenue of $185K, expenses of $198K, and assets of $747K (revenue -1.4% year-over-year).
- 2015: Revenue of $187K, expenses of $221K, and assets of $750K (revenue +1.7% year-over-year).
- 2014: Revenue of $184K, expenses of $197K, and assets of $770K (revenue -1.9% year-over-year).
- 2013: Revenue of $188K, expenses of $199K, and assets of $772K (revenue +0.2% year-over-year).
- 2012: Revenue of $187K, expenses of $188K, and assets of $769K (revenue -0.4% year-over-year).
- 2011: Revenue of $188K, expenses of $186K, and assets of $756K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manchester Housing For The Elderly:
Data Sources and Methodology
This transparency report for Manchester Housing For The Elderly 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.