Plymouth Bay Housing Corporation
Plymouth Bay Housing Corporation shows consistent asset growth and increasing revenue with no reported executive compensation.
EIN: 10815503 · Plymouth, MA · NTEE: L202 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $249K |
| Total Expenses | $128K |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 88/100 |
Is Plymouth Bay Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plymouth Bay Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plymouth Bay Housing Corporation
Plymouth Bay Housing Corporation (EIN: 10815503) is a nonprofit organization based in Plymouth, MA, classified under NTEE code L202. The organization reported total revenue of $249K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plymouth Bay Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plymouth Bay Housing Corporation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $202K |
| Total Expenses | $128K |
| Surplus / Deficit | +$74K |
| Total Assets | $3.3M |
| Total Liabilities | $10K |
| Net Assets | $3.3M |
| Operating Margin | 36.6% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 311.4 months |
Financial Health Grade: A
In 2023, Plymouth Bay Housing Corporation reported a surplus of $74K with revenue exceeding expenses, holds 311.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plymouth Bay Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +88.1% | +87.3% | +4.3% |
| 2022 | +7.7% | +11.5% | +1.2% |
| 2021 | +18.8% | +9.8% | +1.2% |
| 2020 | +1.5% | +11.8% | +0.8% |
| 2019 | -0.3% | +8.7% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Plymouth Bay Housing Corporation with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Plymouth Bay Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or their compensation is below IRS reporting thresholds, which is a positive sign for resource allocation relative to the organization's size and revenue growth.
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 Plymouth Bay Housing Corporation's IRS 990 filings:
- Lack of detailed expense breakdown beyond total expenses in provided data, making precise program spending analysis difficult.
Strengths
The following positive indicators were identified for Plymouth Bay Housing Corporation:
- Consistent asset growth over a decade, from $2,955,883 in 2014 to $3,330,295 in 2023.
- Significant revenue growth in recent years, from $84,080 in 2020 to $202,331 in 2023.
- No reported officer compensation across all available filings, indicating efficient use of funds.
- Revenues consistently exceed expenses, demonstrating strong financial management and sustainability.
- Long history of IRS 990 filings (13 filings), indicating good compliance and transparency.
Frequently Asked Questions about Plymouth Bay Housing Corporation
Is Plymouth Bay Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Plymouth Bay Housing Corporation (EIN: 10815503) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does Plymouth Bay Housing Corporation spend its money?
Plymouth Bay Housing Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Plymouth Bay Housing Corporation tax-deductible?
Plymouth Bay Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10815503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Plymouth Bay Housing Corporation's spending goes to programs?
Plymouth Bay Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Plymouth Bay Housing Corporation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Plymouth Bay Housing Corporation is above average for NTEE category L202 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Plymouth Bay Housing Corporation located?
Plymouth Bay Housing Corporation is headquartered in Plymouth, Massachusetts and files with the IRS under EIN 10815503. It is classified under NTEE code L202.
How many years of IRS 990 filings does Plymouth Bay Housing Corporation have?
Plymouth Bay Housing Corporation 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 $249K in total revenue.
Is Plymouth Bay Housing Corporation financially stable?
Yes, the organization demonstrates strong financial stability with consistent asset growth from $2,955,883 in 2014 to $3,330,295 in 2023, and revenues consistently exceeding expenses, such as $202,331 in revenue against $128,347 in expenses in 2023.
How has the organization's revenue trended over time?
Revenue has shown a positive upward trend, particularly in recent years, increasing from $84,080 in 2020 to $202,331 in 2023, indicating growing support and financial capacity.
Does Plymouth Bay Housing Corporation pay its executives?
Based on the available IRS 990 data, officer compensation is reported as 0% for all periods, suggesting that executives are either unpaid or their compensation is not reportable.
What is the organization's asset growth like?
The organization has shown consistent asset growth, increasing from $2,955,883 in 2014 to $3,330,295 in 2023, reflecting sound financial management and accumulation of resources.
Is the organization efficient in its spending?
Yes, the organization appears efficient, with expenses consistently lower than revenue. For example, in 2023, expenses were $128,347 against revenues of $202,331, indicating a healthy operational surplus.
Filing History
IRS 990 filing history for Plymouth Bay Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plymouth Bay Housing Corporation's revenue has grown by 257.8%, moving from $57K to $202K. Total assets increased by 15.2% over the same period, from $2.9M to $3.3M. Total functional expenses fell by 53.9%, from $278K to $128K. In its most recent filing year (2023), Plymouth Bay Housing Corporation reported a surplus of $74K, with revenue exceeding expenses. The organization holds $10K in liabilities against $3.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $202K | $128K | $3.3M | $10K | — | — |
| 2022 | $108K | $69K | $3.2M | $8K | — | — |
| 2021 | $100K | $61K | $3.2M | $8K | — | View 990 |
| 2020 | $84K | $56K | $3.1M | $8K | — | — |
| 2019 | $83K | $50K | $3.1M | $10K | — | View 990 |
| 2018 | $83K | $46K | $3.1M | $7K | — | View 990 |
| 2017 | $75K | $44K | $3.0M | $5K | — | View 990 |
| 2016 | $73K | $41K | $3.0M | $27K | — | View 990 |
| 2015 | $72K | $52K | $3.0M | $31K | — | View 990 |
| 2014 | $70K | $46K | $3.0M | $28K | — | View 990 |
| 2013 | $70K | $48K | $2.9M | $21K | — | View 990 |
| 2012 | $29K | $77K | $2.9M | $20K | — | View 990 |
| 2011 | $57K | $278K | $2.9M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $202K, expenses of $128K, and assets of $3.3M (revenue +88.1% year-over-year).
- 2022: Revenue of $108K, expenses of $69K, and assets of $3.2M (revenue +7.7% year-over-year).
- 2021: Revenue of $100K, expenses of $61K, and assets of $3.2M (revenue +18.8% year-over-year).
- 2020: Revenue of $84K, expenses of $56K, and assets of $3.1M (revenue +1.5% year-over-year).
- 2019: Revenue of $83K, expenses of $50K, and assets of $3.1M (revenue -0.3% year-over-year).
- 2018: Revenue of $83K, expenses of $46K, and assets of $3.1M (revenue +10.7% year-over-year).
- 2017: Revenue of $75K, expenses of $44K, and assets of $3.0M (revenue +2.6% year-over-year).
- 2016: Revenue of $73K, expenses of $41K, and assets of $3.0M (revenue +1.9% year-over-year).
- 2015: Revenue of $72K, expenses of $52K, and assets of $3.0M (revenue +2.5% year-over-year).
- 2014: Revenue of $70K, expenses of $46K, and assets of $3.0M (revenue +0.2% year-over-year).
- 2013: Revenue of $70K, expenses of $48K, and assets of $2.9M (revenue +140.9% year-over-year).
- 2012: Revenue of $29K, expenses of $77K, and assets of $2.9M (revenue -48.7% year-over-year).
- 2011: Revenue of $57K, expenses of $278K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plymouth Bay Housing Corporation:
Data Sources and Methodology
This transparency report for Plymouth Bay Housing 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.