Sea Mar Farmworker And Community Housing Development
EIN: 460494906 · Seattle, WA · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $787K |
| Total Expenses | $749K |
| Net Assets | $-545,706 |
Is Sea Mar Farmworker And Community Housing Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sea Mar Farmworker And Community Housing Development
Sea Mar Farmworker And Community Housing Development (EIN: 460494906) is a nonprofit organization based in Seattle, WA, classified under NTEE code P20. The organization reported total revenue of $787K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sea Mar Farmworker And Community Housing Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sea Mar Farmworker And Community Housing Development is a small nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $629K |
| Total Expenses | $749K |
| Surplus / Deficit | $-120,608 |
| Total Assets | $3.2M |
| Total Liabilities | $3.8M |
| Net Assets | $-545,706 |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 116.9% |
| Months of Reserves | 51.7 months |
Financial Health Grade: C
In 2023, Sea Mar Farmworker And Community Housing Development reported a deficit of $121K with expenses exceeding revenue, holds 51.7 months of operating reserves (strong position), has a debt-to-asset ratio of 116.9% (high leverage).
Financial Trends
Over 8 years of filings (2011–2023), Sea Mar Farmworker And Community Housing Development's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.8% | -0.6% | -1.8% |
| 2022 | +5.4% | +-0.0% | -5.4% |
| 2021 | -14.7% | +7.3% | -11.9% |
| 2018 | +18.0% | +2.1% | -18.1% |
| 2014 | +5.1% | +0.3% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sea Mar Farmworker And Community Housing Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sea Mar Farmworker And Community Housing Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $121K, with expenses exceeding revenue.
- Debt-to-asset ratio: 116.9%.
Frequently Asked Questions about Sea Mar Farmworker And Community Housing Development
Is Sea Mar Farmworker And Community Housing Development a legitimate charity?
Sea Mar Farmworker And Community Housing Development (EIN: 460494906) is a registered tax-exempt nonprofit based in Washington. It has 8 years of IRS 990 filings on record. Total revenue: $787K. No red flags identified. Financial health grade: C.
How does Sea Mar Farmworker And Community Housing Development spend its money?
Sea Mar Farmworker And Community Housing Development reported $787K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sea Mar Farmworker And Community Housing Development tax-deductible?
Sea Mar Farmworker And Community Housing Development is registered as a tax-exempt nonprofit (EIN: 460494906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sea Mar Farmworker And Community Housing Development located?
Sea Mar Farmworker And Community Housing Development is headquartered in Seattle, Washington and files with the IRS under EIN 460494906. It is classified under NTEE code P20.
How many years of IRS 990 filings does Sea Mar Farmworker And Community Housing Development have?
Sea Mar Farmworker And Community Housing Development has 8 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 $787K in total revenue.
Filing History
IRS 990 filing history for Sea Mar Farmworker And Community Housing Development showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2023), Sea Mar Farmworker And Community Housing Development's revenue has declined by 43.3%, moving from $1.1M to $629K. Total assets decreased by 42% over the same period, from $5.6M to $3.2M. In its most recent filing year (2023), Sea Mar Farmworker And Community Housing Development reported a deficit of $121K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $3.2M in assets (debt-to-asset ratio: 116.9%), resulting in net assets of $-545,706.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $629K | $749K | $3.2M | $3.8M | — | View 990 |
| 2022 | $578K | $754K | $3.3M | $3.7M | — | View 990 |
| 2021 | $548K | $754K | $3.5M | $3.7M | — | View 990 |
| 2018 | $643K | $703K | $3.9M | $4.0M | — | — |
| 2014 | $544K | $688K | $4.8M | $4.3M | — | View 990 |
| 2013 | $518K | $686K | $5.0M | $4.4M | — | View 990 |
| 2012 | $298K | $633K | $5.3M | $4.5M | — | View 990 |
| 2011 | $1.1M | $0 | $5.6M | $4.5M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $629K, expenses of $749K, and assets of $3.2M (revenue +8.8% year-over-year).
- 2022: Revenue of $578K, expenses of $754K, and assets of $3.3M (revenue +5.4% year-over-year).
- 2021: Revenue of $548K, expenses of $754K, and assets of $3.5M (revenue -14.7% year-over-year).
- 2018: Revenue of $643K, expenses of $703K, and assets of $3.9M (revenue +18.0% year-over-year).
- 2014: Revenue of $544K, expenses of $688K, and assets of $4.8M (revenue +5.1% year-over-year).
- 2013: Revenue of $518K, expenses of $686K, and assets of $5.0M (revenue +73.8% year-over-year).
- 2012: Revenue of $298K, expenses of $633K, and assets of $5.3M (revenue -73.1% year-over-year).
- 2011: Revenue of $1.1M, expenses of $0, and assets of $5.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sea Mar Farmworker And Community Housing Development:
Data Sources and Methodology
This transparency report for Sea Mar Farmworker And Community Housing Development 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.