Park Street Home

Park Street Home reports negative assets for two consecutive years despite revenue growth.

EIN: 10523789 · Greenwood, ME · NTEE: P73 · Updated: 2026-03-28

$336KRevenue

$944Assets

45/100Mission Score (Fair)

P73

About Park Street Home

Park Street Home (EIN: 10523789) is a nonprofit organization based in Greenwood, ME, classified under NTEE code P73. The organization reported total revenue of $336K and total assets of $944 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Street Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Park Street Home demonstrates a concerning financial trend with negative assets reported in its two most recent filings: $-944 in 2022 and $-15,083 in 2021. This indicates that the organization's liabilities exceed its assets, which is a significant red flag for financial health. While the organization has consistently reported zero officer compensation, suggesting a volunteer-driven leadership, the overall financial stability is questionable given the negative asset position. The organization's revenue has shown growth, reaching $336,143 in 2022, but expenses have also increased, often exceeding revenue in recent years, contributing to the asset decline.

The spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of zero officer compensation suggests a lean operational structure at the top. The lack of detailed expense categories in the provided data limits a comprehensive analysis of spending efficiency. The organization's transparency regarding executive compensation is high, as it consistently reports 0% officer compensation.

Overall, Park Street Home's financial health is precarious due to its negative asset position. While it appears to operate with a volunteer leadership, the organization needs to address its financial solvency to ensure long-term sustainability. The growth in revenue is positive, but it must be managed to generate a surplus and rebuild its asset base.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Park Street Home 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: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Park Street Home allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Park Street Home consistently reports 0% officer compensation across all provided filings, indicating that its leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which is a positive for resource allocation.

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 Park Street Home's IRS 990 filings:

Negative assets reported in 2021 ($-15,083) and 2022 ($-944), indicating insolvency.
Expenses frequently exceed revenue, contributing to asset decline (e.g., 2021, 2020, 2019, 2018, 2015, 2013).
Lack of detailed expense breakdown (program, admin, fundraising) in provided data limits full spending efficiency analysis.

Strengths

The following positive indicators were identified for Park Street Home:

Consistent reporting of 0% officer compensation, suggesting a volunteer-driven or highly efficient leadership structure.
Revenue growth from $215,076 in 2017 to $336,143 in 2022, indicating increased support or activity.
Low liabilities reported as $0 in all available filings, which is positive if accurate and sustainable.

Frequently Asked Questions about Park Street Home

Why does Park Street Home have negative assets in 2021 and 2022?

The filings show assets of $-15,083 in 2021 and $-944 in 2022, indicating that the organization's liabilities exceed its assets. This could be due to accumulated operating deficits where expenses consistently outpace revenue, as seen in several past years (e.g., 2021, 2020, 2019, 2018, 2015, 2013).

What is the long-term financial sustainability of Park Street Home given its asset trend?

The trend of declining and negative assets raises significant concerns about long-term financial sustainability. While revenue increased in 2022, the organization needs to generate consistent surpluses to rebuild its asset base and ensure it can cover future obligations.

How does Park Street Home manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the IRS 990, which is unusual for an organization with over $300,000 in annual revenue.

Filing History

IRS 990 filing history for Park Street Home showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Park Street Home's revenue has grown by 24.8%, moving from $269K to $336K. Total assets decreased by 102.9% over the same period, from $32K to $-944. Total functional expenses rose by 15.1%, from $280K to $322K. In its most recent filing year (2022), Park Street Home reported a surplus of $14K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$336K	$322K	$-944	$0	—	—
2021	$260K	$284K	$-15,083	$0	—	View 990
2020	$271K	$272K	$8K	$0	—	View 990
2019	$260K	$261K	$9K	$0	—	View 990
2018	$251K	$257K	$10K	$0	—	View 990
2017	$215K	$208K	$16K	$0	—	View 990
2016	$210K	$204K	$9K	$0	—	View 990
2015	$219K	$225K	$3K	$0	—	View 990
2014	$249K	$245K	$9K	$0	—	View 990
2013	$236K	$257K	$4K	$0	—	View 990
2012	$261K	$269K	$25K	$0	—	View 990
2011	$269K	$280K	$32K	$0	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $336K, expenses of $322K, and assets of $-944 (revenue +29.1% year-over-year).
2021: Revenue of $260K, expenses of $284K, and assets of $-15,083 (revenue -4.0% year-over-year).
2020: Revenue of $271K, expenses of $272K, and assets of $8K (revenue +4.4% year-over-year).
2019: Revenue of $260K, expenses of $261K, and assets of $9K (revenue +3.3% year-over-year).
2018: Revenue of $251K, expenses of $257K, and assets of $10K (revenue +16.8% year-over-year).
2017: Revenue of $215K, expenses of $208K, and assets of $16K (revenue +2.4% year-over-year).
2016: Revenue of $210K, expenses of $204K, and assets of $9K (revenue -4.2% year-over-year).
2015: Revenue of $219K, expenses of $225K, and assets of $3K (revenue -12.1% year-over-year).
2014: Revenue of $249K, expenses of $245K, and assets of $9K (revenue +5.6% year-over-year).
2013: Revenue of $236K, expenses of $257K, and assets of $4K (revenue -9.6% year-over-year).
2012: Revenue of $261K, expenses of $269K, and assets of $25K (revenue -3.0% year-over-year).
2011: Revenue of $269K, expenses of $280K, and assets of $32K.

Data Sources and Methodology

This transparency report for Park Street Home 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.