Oceanview Manor Inc
Oceanview Manor Inc. shows consistent asset growth and positive net income in recent years with no reported officer compensation.
EIN: 10317602 · Ocean Park, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $640K |
| Total Expenses | $493K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.3M |
| Transparency Score | 85/100 |
Is Oceanview Manor Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Oceanview Manor Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Oceanview Manor Inc
Oceanview Manor Inc (EIN: 10317602) is a nonprofit organization based in Ocean Park, ME, classified under NTEE code L22Z. The organization reported total revenue of $640K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oceanview Manor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Oceanview Manor Inc is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $550K |
| Total Expenses | $493K |
| Surplus / Deficit | +$58K |
| Total Assets | $2.4M |
| Total Liabilities | $106K |
| Net Assets | $2.3M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 57.8 months |
Financial Health Grade: A
In 2023, Oceanview Manor Inc reported a surplus of $58K with revenue exceeding expenses, holds 57.8 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Oceanview Manor Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.8% | +9.7% | +8.7% |
| 2022 | +13.1% | +25.8% | -8.7% |
| 2021 | +1.5% | -7.2% | +12.0% |
| 2020 | +53.5% | +133.3% | +5.3% |
| 2019 | -74.0% | -13.5% | +3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Oceanview Manor Inc with a Mission Score of 85 out of 100 (Excellent). 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, Oceanview Manor Inc 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 surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Oceanview Manor Inc. consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that compensation falls below reporting thresholds, which is highly unusual for an organization of its size with assets exceeding $2 million.
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 Oceanview Manor Inc's IRS 990 filings:
- Significant revenue volatility over the years, including a negative revenue year in 2015.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary, making efficiency analysis difficult.
- Unusually consistent 0% officer compensation for an organization with over $2 million in assets, which might warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Oceanview Manor Inc:
- Consistent asset growth, reaching $2,373,411 in 2023, indicating financial stability.
- Positive net income in recent years (e.g., $57,617 in 2023), demonstrating sound financial management.
- Low liabilities relative to assets, indicating a healthy balance sheet.
- Consistent IRS 990 filings over 14 periods, showing strong transparency and compliance.
- No reported officer compensation, suggesting a potentially very lean administrative structure or volunteer leadership.
Frequently Asked Questions about Oceanview Manor Inc
Is Oceanview Manor Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oceanview Manor Inc (EIN: 10317602) some concerns. Mission Score: 85/100. 3 red flags identified, 5 strengths noted.
How does Oceanview Manor Inc spend its money?
Oceanview Manor Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Oceanview Manor Inc tax-deductible?
Oceanview Manor Inc is registered as a tax-exempt nonprofit (EIN: 10317602). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Oceanview Manor Inc CEO make?
Oceanview Manor Inc's highest-compensated officer earns $2 annually. The organization reported $640K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Oceanview Manor Inc's spending goes to programs?
Oceanview Manor Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Oceanview Manor Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Oceanview Manor Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Oceanview Manor Inc located?
Oceanview Manor Inc is headquartered in Ocean Park, Maine and files with the IRS under EIN 10317602. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Oceanview Manor Inc have?
Oceanview Manor Inc has 14 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 $640K in total revenue.
What are the specific program activities Oceanview Manor Inc. engages in?
The provided IRS 990 data does not detail specific program activities, only financial aggregates. Further investigation into their mission statement or annual reports would be necessary.
How does Oceanview Manor Inc. manage its expenses given the fluctuations in revenue?
Despite revenue fluctuations, the organization has generally maintained expenses below revenue in most recent years, indicating adaptive financial management. For example, in 2023, revenue was $550,187 against expenses of $492,570.
What caused the negative revenue in 2015?
The IRS 990 data alone does not specify the cause of the negative revenue of $-103,231 in 2015. This could be due to significant investment losses, asset write-downs, or specific accounting adjustments.
Filing History
IRS 990 filing history for Oceanview Manor Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Oceanview Manor Inc's revenue has declined by 12.6%, moving from $630K to $550K. Total assets increased by 66.2% over the same period, from $1.4M to $2.4M. Total functional expenses fell by 7.6%, from $533K to $493K. In its most recent filing year (2023), Oceanview Manor Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $106K in liabilities against $2.4M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $550K | $493K | $2.4M | $106K | — | — |
| 2022 | $372K | $449K | $2.2M | $108K | — | View 990 |
| 2021 | $329K | $357K | $2.4M | $25K | — | View 990 |
| 2020 | $324K | $385K | $2.1M | $22K | — | View 990 |
| 2019 | $211K | $165K | $2.0M | $26K | — | — |
| 2018 | $814K | $191K | $2.0M | $30K | — | View 990 |
| 2017 | $215K | $153K | $1.3M | $20K | — | — |
| 2016 | $751K | $64K | $1.3M | $35K | — | View 990 |
| 2015 | $-103,231 | $487K | $793K | $235K | — | View 990 |
| 2014 | $593K | $561K | $1.2M | $72K | — | View 990 |
| 2013 | $552K | $551K | $1.3M | $143K | — | View 990 |
| 2012 | $671K | $633K | $1.3M | $200K | — | View 990 |
| 2011 | $665K | $594K | $1.3M | $249K | — | View 990 |
| 2010 | $630K | $533K | $1.4M | $627K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $550K, expenses of $493K, and assets of $2.4M (revenue +47.8% year-over-year).
- 2022: Revenue of $372K, expenses of $449K, and assets of $2.2M (revenue +13.1% year-over-year).
- 2021: Revenue of $329K, expenses of $357K, and assets of $2.4M (revenue +1.5% year-over-year).
- 2020: Revenue of $324K, expenses of $385K, and assets of $2.1M (revenue +53.5% year-over-year).
- 2019: Revenue of $211K, expenses of $165K, and assets of $2.0M (revenue -74.0% year-over-year).
- 2018: Revenue of $814K, expenses of $191K, and assets of $2.0M (revenue +278.8% year-over-year).
- 2017: Revenue of $215K, expenses of $153K, and assets of $1.3M (revenue -71.4% year-over-year).
- 2016: Revenue of $751K, expenses of $64K, and assets of $1.3M.
- 2015: Revenue of $-103,231, expenses of $487K, and assets of $793K (revenue -117.4% year-over-year).
- 2014: Revenue of $593K, expenses of $561K, and assets of $1.2M (revenue +7.5% year-over-year).
- 2013: Revenue of $552K, expenses of $551K, and assets of $1.3M (revenue -17.7% year-over-year).
- 2012: Revenue of $671K, expenses of $633K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2011: Revenue of $665K, expenses of $594K, and assets of $1.3M (revenue +5.6% year-over-year).
- 2010: Revenue of $630K, expenses of $533K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Oceanview Manor Inc:
Data Sources and Methodology
This transparency report for Oceanview Manor 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.