Sabattus Housing Inc
Sabattus Housing Inc. consistently operates with expenses far exceeding minimal revenue, drawing down assets.
EIN: 10357301 · Warwick, RI · NTEE: L21 · Updated: 2026-03-28
Is Sabattus Housing Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sabattus Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sabattus Housing Inc
Sabattus Housing Inc (EIN: 10357301) is a nonprofit organization based in Warwick, RI, classified under NTEE code L21. The organization reported total revenue of $540 and total assets of $45K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sabattus Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sabattus Housing 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sabattus Housing 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is unpaid, which is common for very small, volunteer-run nonprofits.
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 Sabattus Housing Inc's IRS 990 filings:
- Consistent and significant deficit spending (expenses far exceeding revenue), e.g., $68 revenue vs. $23,237 expenses in 2024.
- Declining asset base over time, from $94,027 in 2015 to $45,223 currently, indicating financial unsustainability.
- Extremely low reported revenue in recent years (often $1 or less), which is unusual for an organization with expenses in the thousands.
Strengths
The following positive indicators were identified for Sabattus Housing Inc:
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership model.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Sabattus Housing Inc
Is Sabattus Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sabattus Housing Inc (EIN: 10357301) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Sabattus Housing Inc spend its money?
Sabattus Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sabattus Housing Inc tax-deductible?
Sabattus Housing Inc is registered as a tax-exempt nonprofit (EIN: 10357301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sabattus Housing Inc. a good charity?
Given the available data, it's difficult to fully assess. While it reports no officer compensation, which is positive, its consistent pattern of expenses vastly exceeding revenue (e.g., $68 revenue vs. $23,237 expenses in 2024) raises concerns about financial sustainability and the scale of its actual program delivery relative to its stated mission.
How does Sabattus Housing Inc. fund its operations?
The filings show very minimal revenue generation, often $1 or less in recent years, while incurring expenses. This suggests the organization is either operating on accumulated assets, receiving unreported in-kind contributions, or has other funding sources not clearly reflected in the provided revenue figures.
What is the impact of Sabattus Housing Inc.'s negative net income trend?
The consistent negative net income (expenses exceeding revenue) has led to a decrease in assets over time, from $94,027 in 2015 to $45,223 currently. This trend is unsustainable long-term and could eventually deplete the organization's financial reserves.
Filing History
IRS 990 filing history for Sabattus Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sabattus Housing Inc's revenue has declined by 100%, moving from $145K to $68. Total assets decreased by 80.1% over the same period, from $283K to $56K. Total functional expenses fell by 81.7%, from $127K to $23K. In its most recent filing year (2024), Sabattus Housing Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1K in liabilities against $56K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $68 | $23K | $56K | $1K | — | — |
| 2023 | $1 | $5K | $79K | $1K | — | — |
| 2022 | $1 | $535 | $90K | $2K | — | — |
| 2021 | $3K | $335 | $90K | $1K | — | — |
| 2020 | $0 | $664 | $87K | $1K | — | — |
| 2019 | $0 | $373 | $87K | $373 | — | View 990 |
| 2018 | $0 | $835 | $87K | $0 | — | View 990 |
| 2017 | $0 | $485 | $88K | $0 | — | View 990 |
| 2016 | $0 | $832 | $88K | $0 | — | View 990 |
| 2015 | $-3,285 | $58K | $94K | $5K | — | View 990 |
| 2014 | $154K | $110K | $324K | $174K | — | View 990 |
| 2013 | $150K | $110K | $302K | $196K | — | View 990 |
| 2012 | $145K | $127K | $283K | $217K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $68, expenses of $23K, and assets of $56K (revenue +6700.0% year-over-year).
- 2023: Revenue of $1, expenses of $5K, and assets of $79K (revenue +0.0% year-over-year).
- 2022: Revenue of $1, expenses of $535, and assets of $90K (revenue -100.0% year-over-year).
- 2021: Revenue of $3K, expenses of $335, and assets of $90K.
- 2020: Revenue of $0, expenses of $664, and assets of $87K.
- 2019: Revenue of $0, expenses of $373, and assets of $87K.
- 2018: Revenue of $0, expenses of $835, and assets of $87K.
- 2017: Revenue of $0, expenses of $485, and assets of $88K.
- 2016: Revenue of $0, expenses of $832, and assets of $88K.
- 2015: Revenue of $-3,285, expenses of $58K, and assets of $94K (revenue -102.1% year-over-year).
- 2014: Revenue of $154K, expenses of $110K, and assets of $324K (revenue +2.5% year-over-year).
- 2013: Revenue of $150K, expenses of $110K, and assets of $302K (revenue +3.4% year-over-year).
- 2012: Revenue of $145K, expenses of $127K, and assets of $283K.
Data Sources and Methodology
This transparency report for Sabattus Housing 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.