Newport Health Property Management Inc
Newport Health Property Management Inc: Declining Revenue, High Administrative Costs
EIN: 222535539 · Newport, RI · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $418K |
| Total Expenses | $431K |
| Net Assets | $3.4M |
| Transparency Score | 40/100 |
Is Newport Health Property Management Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newport Health Property Management Inc
Newport Health Property Management Inc (EIN: 222535539) is a nonprofit organization based in Newport, RI. The organization reported total revenue of $418K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Health Property Management Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Health Property Management Inc is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $382K |
| Total Expenses | $431K |
| Surplus / Deficit | $-48,827 |
| Total Assets | $3.5M |
| Total Liabilities | $81K |
| Net Assets | $3.4M |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 96.2 months |
Financial Health Grade: B
In 2023, Newport Health Property Management Inc reported a deficit of $49K with expenses exceeding revenue, holds 96.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newport Health Property Management Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.8% | -9.1% | +0.4% |
| 2022 | -3.2% | -10.8% | -3.5% |
| 2021 | -5.7% | +3.3% | -3.7% |
| 2020 | -1.6% | -5.9% | -2.2% |
| 2019 | -18.4% | -15.4% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Newport Health Property Management 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Newport Health Property Management Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Without specific compensation figures for executives, it's impossible to assess the reasonableness of executive compensation; however, given the organization's consistent losses and lack of program spending, any significant compensation would be a concern.
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 Newport Health Property Management Inc's IRS 990 filings:
- Zero reported program service expenses across all available years, indicating no direct charitable activities.
- Consistent net losses, with expenses (primarily administrative) exceeding revenue annually (e.g., 2023: revenue $382,454, expenses $431,281).
- Declining revenue trend from $1,175,353 in 2016 to $382,454 in 2023.
- High administrative expenses relative to total expenses, as all reported expenses are categorized as 'x' (expenses) without further breakdown into program, admin, or fundraising.
Strengths
The following positive indicators were identified for Newport Health Property Management Inc:
- The organization maintains a consistent asset base, suggesting some financial stability despite losses.
Frequently Asked Questions about Newport Health Property Management Inc
Is Newport Health Property Management Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport Health Property Management Inc (EIN: 222535539) significant concerns. Mission Score: 40/100. 4 red flags identified, 1 strength noted.
How does Newport Health Property Management Inc spend its money?
Detailed spending breakdown data is not yet available for Newport Health Property Management Inc. Check back for updated IRS 990 analysis.
Are donations to Newport Health Property Management Inc tax-deductible?
Newport Health Property Management Inc is registered as a tax-exempt nonprofit (EIN: 222535539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newport Health Property Management Inc located?
Newport Health Property Management Inc is headquartered in Newport, Rhode Island and files with the IRS under EIN 222535539.
How many years of IRS 990 filings does Newport Health Property Management Inc have?
Newport Health Property Management 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 $418K in total revenue.
What does Newport Health Property Management Inc do?
Newport Health Property Management Inc is a nonprofit organization in the Unknown sector, located in Newport, Rhode Island. It is classified under NTEE code Unknown.
How much revenue does Newport Health Property Management Inc have?
Newport Health Property Management Inc reported total revenue of $418,239. Based on 13 IRS 990 filings on record.
What are Newport Health Property Management Inc's total assets?
Newport Health Property Management Inc holds total assets of $3,420,438 as reported in IRS 990 filings.
Where is Newport Health Property Management Inc located?
Newport Health Property Management Inc is based in Newport, Rhode Island.
What is Newport Health Property Management Inc's EIN?
Newport Health Property Management Inc's Employer Identification Number (EIN) is 222535539. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newport Health Property Management Inc?
Newport Health Property Management Inc is classified under NTEE code Unknown (Unknown).
Is Newport Health Property Management Inc a registered 501(c)(3)?
Newport Health Property Management Inc appears in IRS records (EIN: 222535539). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newport Health Property Management Inc file IRS Form 990?
Yes, Newport Health Property Management Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Newport Health Property Management Inc's revenue in 2023?
In the 202309 filing period, Newport Health Property Management Inc reported total revenue of $382,454, total expenses of $431,281, and net assets of $3,457,475.
Is Newport Health Property Management Inc's revenue growing or declining?
Newport Health Property Management Inc's revenue is relatively stable. Revenue went from $375,691 (202209) to $382,454 (202309), a +1.8% change. Based on 13 filings on record.
What is Newport Health Property Management Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Newport Health Property Management Inc covers tax period 202309. It shows revenue of $382,454, expenses of $431,281, total assets of $3,457,475, and liabilities of $81,351.
Is Newport Health Property Management Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Newport Health Property Management Inc shows mixed signals. Mission Score: 40/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Newport Health Property Management Inc?
The following concerns were identified: Zero reported program service expenses across all available years, indicating no direct charitable activities.. Consistent net losses, with expenses (primarily administrative) exceeding revenue annually (e.g., 2023: revenue $382,454, expenses $431,281).. Declining revenue trend from $1,175,353 in 2016 to $382,454 in 2023.. High administrative expenses relative to total expenses, as all reported expenses are categorized as 'x' (expenses) without further breakdown into program, admin, or fundraising.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newport Health Property Management Inc's strengths?
Positive indicators for Newport Health Property Management Inc include: The organization maintains a consistent asset base, suggesting some financial stability despite losses.. These findings are derived from AI analysis of the organization's financial filings.
How does Newport Health Property Management Inc compensate executives?
Without specific compensation figures for executives, it's impossible to assess the reasonableness of executive compensation; however, given the organization's consistent losses and lack of program spending, any significant compensation would be a concern. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero program service expenses, what is the actual charitable purpose or mission of Newport Health Property Management Inc, and how does it fulfill this mission?
Based on the provided financial data, Newport Health Property Management Inc does not appear to engage in direct charitable program services. Its expenses are entirely categorized as general expenses, suggesting its primary function is property management without a direct charitable output, which raises questions about its nonprofit status.
How does Newport Health Property Management Inc sustain its operations with consistent annual losses, and what is the source of funding that covers these deficits?
The organization consistently reports expenses exceeding revenue (e.g., a $48,827 deficit in 2023). While assets remain relatively stable, the sustained losses suggest either drawing down on reserves, receiving undisclosed contributions, or having an external entity cover the deficits, none of which are clear from the provided data.
Filing History
IRS 990 filing history for Newport Health Property Management Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newport Health Property Management Inc's revenue has declined by 53%, moving from $813K to $382K. Total assets decreased by 39.6% over the same period, from $5.7M to $3.5M. Total functional expenses fell by 63%, from $1.2M to $431K. In its most recent filing year (2023), Newport Health Property Management Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $81K in liabilities against $3.5M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $382K | $431K | $3.5M | $81K | — | — |
| 2022 | $376K | $474K | $3.4M | $20K | — | View 990 |
| 2021 | $388K | $532K | $3.6M | $41K | — | View 990 |
| 2020 | $412K | $515K | $3.7M | $41K | — | View 990 |
| 2019 | $419K | $547K | $3.8M | $22K | — | View 990 |
| 2018 | $513K | $646K | $3.1M | $61K | — | View 990 |
| 2017 | $545K | $630K | $3.3M | $138K | — | View 990 |
| 2016 | $1.2M | $1.1M | $3.6M | $353K | — | View 990 |
| 2015 | $1.2M | $1.5M | $5.5M | $674K | — | View 990 |
| 2014 | $1.2M | $1.3M | $5.5M | $403K | — | View 990 |
| 2013 | $1.5M | $1.3M | $5.5M | $295K | — | View 990 |
| 2012 | $815K | $1.2M | $5.4M | $403K | — | View 990 |
| 2011 | $813K | $1.2M | $5.7M | $342K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $382K, expenses of $431K, and assets of $3.5M (revenue +1.8% year-over-year).
- 2022: Revenue of $376K, expenses of $474K, and assets of $3.4M (revenue -3.2% year-over-year).
- 2021: Revenue of $388K, expenses of $532K, and assets of $3.6M (revenue -5.7% year-over-year).
- 2020: Revenue of $412K, expenses of $515K, and assets of $3.7M (revenue -1.6% year-over-year).
- 2019: Revenue of $419K, expenses of $547K, and assets of $3.8M (revenue -18.4% year-over-year).
- 2018: Revenue of $513K, expenses of $646K, and assets of $3.1M (revenue -5.8% year-over-year).
- 2017: Revenue of $545K, expenses of $630K, and assets of $3.3M (revenue -53.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $3.6M (revenue -4.5% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.5M, and assets of $5.5M (revenue +2.2% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $5.5M (revenue -21.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $5.5M (revenue +87.8% year-over-year).
- 2012: Revenue of $815K, expenses of $1.2M, and assets of $5.4M (revenue +0.2% year-over-year).
- 2011: Revenue of $813K, expenses of $1.2M, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Health Property Management Inc:
Data Sources and Methodology
This transparency report for Newport Health Property Management 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.