Mill Neck Services Inc
Mill Neck Services Inc. faces persistent operating deficits and increasing liabilities, raising financial sustainability concerns.
EIN: 113119786 · Mill Neck, NY · NTEE: E60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $5.9M |
| Program Spending | 70% |
| Net Assets | $-2,343,816 |
| Transparency Score | 45/100 |
Is Mill Neck Services Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mill Neck Services Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mill Neck Services Inc
Mill Neck Services Inc (EIN: 113119786) is a nonprofit organization based in Mill Neck, NY, classified under NTEE code E60. The organization reported total revenue of $4.2M and total assets of $993K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mill Neck Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mill Neck Services Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-1,487,540 |
| Total Assets | $1.5M |
| Total Liabilities | $3.8M |
| Net Assets | $-2,343,816 |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 256.2% |
| Months of Reserves | 3.0 months |
Financial Health Grade: C
In 2023, Mill Neck Services Inc reported a deficit of $1.5M with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 256.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mill Neck Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.6% | +5.5% | -30.4% |
| 2022 | -4.4% | +22.8% | -3.1% |
| 2021 | +8.1% | +8.4% | +19.7% |
| 2020 | -19.7% | -27.8% | -6.5% |
| 2019 | -6.6% | -5.9% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Mill Neck Services Inc with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mill Neck Services Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 256.2%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as 'Officer Comp,' which could impact the clarity of overall compensation structures.
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 Mill Neck Services Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., $5,935,495 expenses vs. $4,447,955 revenue in 2023).
- Significant increase in liabilities, reaching $3,844,208 in 2023, which is more than double its assets ($1,500,392).
- Declining asset base over the past decade, from $4,356,447 in 2014 to $1,500,392 in 2023.
- High liabilities relative to assets, indicating potential solvency issues.
Strengths
The following positive indicators were identified for Mill Neck Services Inc:
- Consistent filing of IRS Form 990s, indicating a commitment to regulatory transparency.
- No reported officer compensation, which could suggest a volunteer-driven leadership or efficient use of funds if compensation is truly absent.
Frequently Asked Questions about Mill Neck Services Inc
Is Mill Neck Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mill Neck Services Inc (EIN: 113119786) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Mill Neck Services Inc spend its money?
Mill Neck Services Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mill Neck Services Inc tax-deductible?
Mill Neck Services Inc is registered as a tax-exempt nonprofit (EIN: 113119786). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mill Neck Services Inc's spending goes to programs?
Mill Neck Services Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mill Neck Services Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Mill Neck Services Inc is near average for NTEE category E60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mill Neck Services Inc located?
Mill Neck Services Inc is headquartered in Mill Neck, New York and files with the IRS under EIN 113119786. It is classified under NTEE code E60.
How many years of IRS 990 filings does Mill Neck Services Inc have?
Mill Neck Services 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 $4.2M in total revenue.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of program, administrative, and fundraising expenses, making it difficult to precisely assess spending efficiency beyond overall revenue and expense figures.
How does the organization plan to address its consistent operating deficits?
The filings show consistent operating deficits, with expenses exceeding revenue in most recent years (e.g., $5,935,495 expenses vs. $4,447,955 revenue in 2023). The data does not specify the organization's strategy to mitigate these deficits.
Why have liabilities significantly increased, especially in recent years?
Liabilities have shown a notable increase, reaching $3,844,208 in 2023, which is significantly higher than its assets of $1,500,392. The specific reasons for this increase are not detailed in the provided financial summary.
What is the long-term strategy for asset management given the declining trend?
Assets have declined from $4,356,447 in 2014 to $1,500,392 in 2023. The financial data does not outline the organization's strategy for managing or rebuilding its asset base.
Filing History
IRS 990 filing history for Mill Neck Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mill Neck Services Inc's revenue has declined by 11.9%, moving from $5.0M to $4.4M. Total assets decreased by 59.4% over the same period, from $3.7M to $1.5M. Total functional expenses rose by 17.1%, from $5.1M to $5.9M. In its most recent filing year (2023), Mill Neck Services Inc reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $1.5M in assets (debt-to-asset ratio: 256.2%), resulting in net assets of $-2,343,816.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $5.9M | $1.5M | $3.8M | — | — |
| 2022 | $4.5M | $5.6M | $2.2M | $3.1M | — | View 990 |
| 2021 | $4.7M | $4.6M | $2.2M | $3.1M | — | View 990 |
| 2020 | $4.4M | $4.2M | $1.9M | $3.1M | — | View 990 |
| 2019 | $5.4M | $5.9M | $2.0M | $935K | — | View 990 |
| 2018 | $5.8M | $6.2M | $2.2M | $730K | — | View 990 |
| 2017 | $7.2M | $6.6M | $3.1M | $1.2M | — | — |
| 2016 | $5.9M | $6.1M | $3.5M | $2.3M | — | View 990 |
| 2015 | $6.1M | $6.8M | $3.5M | $2.3M | — | View 990 |
| 2014 | $5.4M | $5.5M | $4.4M | $2.4M | — | View 990 |
| 2013 | $5.5M | $5.7M | $3.9M | $1.8M | — | View 990 |
| 2012 | $5.5M | $5.4M | $4.0M | $1.6M | — | View 990 |
| 2011 | $5.0M | $5.1M | $3.7M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $5.9M, and assets of $1.5M (revenue -1.6% year-over-year).
- 2022: Revenue of $4.5M, expenses of $5.6M, and assets of $2.2M (revenue -4.4% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.6M, and assets of $2.2M (revenue +8.1% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.2M, and assets of $1.9M (revenue -19.7% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.9M, and assets of $2.0M (revenue -6.6% year-over-year).
- 2018: Revenue of $5.8M, expenses of $6.2M, and assets of $2.2M (revenue -19.1% year-over-year).
- 2017: Revenue of $7.2M, expenses of $6.6M, and assets of $3.1M (revenue +21.9% year-over-year).
- 2016: Revenue of $5.9M, expenses of $6.1M, and assets of $3.5M (revenue -3.0% year-over-year).
- 2015: Revenue of $6.1M, expenses of $6.8M, and assets of $3.5M (revenue +13.7% year-over-year).
- 2014: Revenue of $5.4M, expenses of $5.5M, and assets of $4.4M (revenue -2.8% year-over-year).
- 2013: Revenue of $5.5M, expenses of $5.7M, and assets of $3.9M (revenue +0.1% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.4M, and assets of $4.0M (revenue +9.0% year-over-year).
- 2011: Revenue of $5.0M, expenses of $5.1M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mill Neck Services Inc:
Data Sources and Methodology
This transparency report for Mill Neck Services 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.