Old Town Residential Services Corporation

Old Town Residential Services Corporation maintains stable finances with no reported officer compensation over a decade.

EIN: 110025004 · Old Town, ME · Updated: 2026-03-28

$1.0MRevenue

$1.2MAssets

85/100Mission Score (Excellent)

About Old Town Residential Services Corporation

Old Town Residential Services Corporation (EIN: 110025004) is a nonprofit organization based in Old Town, ME. The organization reported total revenue of $1.0M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Town Residential Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Old Town Residential Services Corporation demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade, contributing to a stable asset base. For the most recent period (202303), the organization reported revenues of $970,612 against expenses of $1,028,338, indicating a slight deficit. However, this follows several years of surpluses, such as in 202203 where revenue was $989,716 and expenses were $897,737. The organization's assets have remained robust, standing at $1,261,290 in 202303, comfortably exceeding its liabilities of $635,848, suggesting good financial solvency.

The organization's spending efficiency appears to be strong, as evidenced by the consistent lack of reported officer compensation across all available filings. This suggests that resources are primarily directed towards operational costs and program delivery rather than executive salaries. While a detailed breakdown of program, administrative, and fundraising expenses is not provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. The consistent filing of IRS Form 990s over 12 periods also points to a commitment to transparency and regulatory compliance.

Overall, Old Town Residential Services Corporation appears to be a financially sound organization with a history of responsible management. The slight deficit in the most recent period warrants monitoring, but the overall trend of asset growth and low liabilities, coupled with zero reported officer compensation, paints a picture of a well-managed and program-focused entity. Their consistent financial reporting further enhances their transparency profile.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Old Town Residential Services Corporation 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Old Town Residential Services Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through non-officer roles, which is highly unusual for an organization with over $1 million in annual revenue and suggests a strong commitment to directing funds towards its mission.

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 Old Town Residential Services Corporation's IRS 990 filings:

Slight deficit in the most recent fiscal period (202303), with expenses exceeding revenue by $57,726.

Strengths

The following positive indicators were identified for Old Town Residential Services Corporation:

Consistent revenue growth over the past decade, from $682,561 in 201403 to $970,612 in 202303.
Zero reported officer compensation across all 12 filings, indicating high efficiency in resource allocation.
Strong asset base ($1,261,290 in 202303) significantly exceeding liabilities ($635,848), demonstrating good solvency.
Consistent filing of IRS Form 990s over 12 periods, indicating strong transparency and compliance.
History of operating surpluses in most years, contributing to asset growth.

Frequently Asked Questions about Old Town Residential Services Corporation

Is Old Town Residential Services Corporation financially stable?

Yes, the organization appears financially stable. While the most recent period (202303) showed a slight deficit ($970,612 revenue vs. $1,028,338 expenses), it has a history of surpluses and maintains strong assets ($1,261,290) significantly exceeding liabilities ($635,848).

How does Old Town Residential Services Corporation manage executive compensation?

The organization reports 0% officer compensation across all 12 available filings, suggesting that executive leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong indicator of resource efficiency.

Has the organization's revenue been growing?

Yes, the organization has shown consistent revenue growth over the past decade, increasing from $682,561 in 201403 to $970,612 in 202303, representing a substantial increase.

Filing History

IRS 990 filing history for Old Town Residential Services Corporation showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Old Town Residential Services Corporation's revenue has grown by 51.3%, moving from $641K to $971K. Total assets increased by 48.3% over the same period, from $850K to $1.3M. Total functional expenses rose by 64.6%, from $625K to $1.0M. In its most recent filing year (2023), Old Town Residential Services Corporation reported a deficit of $58K, with expenses exceeding revenue. The organization holds $636K in liabilities against $1.3M in assets (debt-to-asset ratio: 50.4%), resulting in net assets of $625K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$971K	$1.0M	$1.3M	$636K	—	View 990
2022	$990K	$898K	$1.4M	$734K	—	View 990
2021	$997K	$834K	$1.4M	$798K	—	—
2020	$911K	$787K	$1.3M	$855K	—	View 990
2019	$876K	$771K	$1.2M	$885K	—	View 990
2018	$802K	$758K	$1.1M	$936K	—	View 990
2017	$818K	$768K	$1.1M	$983K	—	View 990
2016	$774K	$774K	$1.2M	$1.1M	—	View 990
2015	$710K	$723K	$1.3M	$1.2M	—	View 990
2014	$683K	$693K	$1.3M	$1.2M	—	View 990
2013	$650K	$654K	$1.3M	$1.2M	—	View 990
2012	$641K	$625K	$850K	$718K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $971K, expenses of $1.0M, and assets of $1.3M (revenue -1.9% year-over-year).
2022: Revenue of $990K, expenses of $898K, and assets of $1.4M (revenue -0.7% year-over-year).
2021: Revenue of $997K, expenses of $834K, and assets of $1.4M (revenue +9.4% year-over-year).
2020: Revenue of $911K, expenses of $787K, and assets of $1.3M (revenue +4.0% year-over-year).
2019: Revenue of $876K, expenses of $771K, and assets of $1.2M (revenue +9.2% year-over-year).
2018: Revenue of $802K, expenses of $758K, and assets of $1.1M (revenue -1.9% year-over-year).
2017: Revenue of $818K, expenses of $768K, and assets of $1.1M (revenue +5.7% year-over-year).
2016: Revenue of $774K, expenses of $774K, and assets of $1.2M (revenue +9.0% year-over-year).
2015: Revenue of $710K, expenses of $723K, and assets of $1.3M (revenue +4.0% year-over-year).
2014: Revenue of $683K, expenses of $693K, and assets of $1.3M (revenue +5.1% year-over-year).
2013: Revenue of $650K, expenses of $654K, and assets of $1.3M (revenue +1.3% year-over-year).
2012: Revenue of $641K, expenses of $625K, and assets of $850K.

Data Sources and Methodology

This transparency report for Old Town Residential Services Corporation 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.