Sunrise Residence Inc
Sunrise Residence Inc: Stable Revenue, Declining Liquidity
EIN: 222478230 · Machias, ME · NTEE: L20Z · Updated: 2026-04-04
Is Sunrise Residence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sunrise Residence Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Sunrise Residence Inc
Sunrise Residence Inc (EIN: 222478230) is a nonprofit organization based in Machias, ME, classified under NTEE code L20Z. The organization reported total revenue of $226K and total assets of $211K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sunrise Residence 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 Sunrise Residence Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Sunrise Residence Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the threshold for mandatory disclosure or not applicable.
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 Sunrise Residence Inc's IRS 990 filings:
- Liquidity (current assets to liabilities) has steadily declined from 0.40 in 2017 to 0.19 in 2024, indicating potential long-term financial strain.
- The organization consistently operates with a deficit, as expenses frequently exceed revenue (e.g., 2024: revenue $220,991, expenses $162,792, but assets are declining relative to liabilities).
- No information on program impact or specific services provided is available, making it difficult to assess mission effectiveness beyond financial metrics.
Strengths
The following positive indicators were identified for Sunrise Residence Inc:
- Consistent revenue generation over the past several years, demonstrating operational stability.
- Expenses have remained relatively stable, suggesting cost control.
- Assets have shown a slight increase in recent years (e.g., $125,912 in 2017 to $196,661 in 2024).
Frequently Asked Questions about Sunrise Residence Inc
Is Sunrise Residence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sunrise Residence Inc (EIN: 222478230) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Sunrise Residence Inc spend its money?
Sunrise Residence Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sunrise Residence Inc tax-deductible?
Sunrise Residence Inc is registered as a tax-exempt nonprofit (EIN: 222478230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Sunrise Residence Inc do?
Sunrise Residence Inc is a nonprofit organization in the Housing & Shelter sector, located in Machias, Maine. It is classified under NTEE code L20Z.
How much revenue does Sunrise Residence Inc have?
Sunrise Residence Inc reported total revenue of $225,927. Based on 13 IRS 990 filings on record.
What are Sunrise Residence Inc's total assets?
Sunrise Residence Inc holds total assets of $210,704 as reported in IRS 990 filings.
Where is Sunrise Residence Inc located?
Sunrise Residence Inc is based in Machias, Maine.
What is Sunrise Residence Inc's EIN?
Sunrise Residence Inc's Employer Identification Number (EIN) is 222478230. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sunrise Residence Inc?
Sunrise Residence Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Sunrise Residence Inc a registered 501(c)(3)?
Yes, Sunrise Residence Inc is recognized as a tax-exempt organization by the IRS. EIN: 222478230.
Does Sunrise Residence Inc file IRS Form 990?
Yes, Sunrise Residence Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Sunrise Residence Inc's revenue in 2024?
In the 202406 filing period, Sunrise Residence Inc reported total revenue of $220,991, total expenses of $162,792, and net assets of $196,661.
Is Sunrise Residence Inc's revenue growing or declining?
Sunrise Residence Inc's revenue is growing. Revenue went from $208,097 (202306) to $220,991 (202406), a +6.2% change. Based on 13 filings on record.
What is Sunrise Residence Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sunrise Residence Inc covers tax period 202406. It shows revenue of $220,991, expenses of $162,792, total assets of $196,661, and liabilities of $96,403.
How much does Sunrise Residence Inc spend on programs vs administration?
Based on IRS 990 analysis, Sunrise Residence Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Sunrise Residence Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sunrise Residence Inc appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Sunrise Residence Inc?
The following concerns were identified: Liquidity (current assets to liabilities) has steadily declined from 0.40 in 2017 to 0.19 in 2024, indicating potential long-term financial strain.. The organization consistently operates with a deficit, as expenses frequently exceed revenue (e.g., 2024: revenue $220,991, expenses $162,792, but assets are declining relative to liabilities).. No information on program impact or specific services provided is available, making it difficult to assess mission effectiveness beyond financial metrics.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sunrise Residence Inc's strengths?
Positive indicators for Sunrise Residence Inc include: Consistent revenue generation over the past several years, demonstrating operational stability.. Expenses have remained relatively stable, suggesting cost control.. Assets have shown a slight increase in recent years (e.g., $125,912 in 2017 to $196,661 in 2024).. These findings are derived from AI analysis of the organization's financial filings.
How does Sunrise Residence Inc compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the threshold for mandatory disclosure or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Sunrise Residence Inc?
- Financial filings are consistently submitted, indicating adherence to reporting requirements. - Detailed breakdowns of program expenses are not readily available in the provided summary data. - No specific transparency report or annual impact report was provided in the data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in liquidity and the organization's operational deficit, what strategies are in place to improve financial solvency and ensure long-term sustainability?
The provided data does not detail specific strategies. However, the trend suggests a need for either increased revenue generation or significant expense reduction, particularly concerning liabilities.
What is the primary source of revenue for Sunrise Residence Inc, and how diversified are its funding streams?
The data only provides total revenue figures. Without further detail, it's impossible to determine the primary source or diversification of funding streams.
Filing History
IRS 990 filing history for Sunrise Residence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Sunrise Residence Inc's revenue has grown by 30.2%, moving from $170K to $221K. Total assets increased by 62.6% over the same period, from $121K to $197K. Total functional expenses rose by 10.3%, from $148K to $163K. In its most recent filing year (2024), Sunrise Residence Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $96K in liabilities against $197K in assets (debt-to-asset ratio: 49.0%), resulting in net assets of $100K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $221K | $163K | $197K | $96K | — | — |
| 2023 | $208K | $161K | $179K | $137K | — | — |
| 2022 | $198K | $161K | $170K | $174K | — | View 990 |
| 2021 | $197K | $151K | $162K | $204K | — | View 990 |
| 2020 | $194K | $148K | $153K | $241K | — | — |
| 2019 | $188K | $158K | $126K | $259K | — | View 990 |
| 2018 | $187K | $159K | $127K | $290K | — | — |
| 2017 | $186K | $170K | $126K | $317K | — | View 990 |
| 2016 | $182K | $161K | $124K | $331K | — | View 990 |
| 2015 | $178K | $152K | $118K | $345K | — | View 990 |
| 2014 | $173K | $166K | $123K | $376K | — | View 990 |
| 2013 | $173K | $161K | $121K | $383K | — | View 990 |
| 2012 | $170K | $148K | $121K | $395K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $221K, expenses of $163K, and assets of $197K (revenue +6.2% year-over-year).
- 2023: Revenue of $208K, expenses of $161K, and assets of $179K (revenue +5.2% year-over-year).
- 2022: Revenue of $198K, expenses of $161K, and assets of $170K (revenue +0.4% year-over-year).
- 2021: Revenue of $197K, expenses of $151K, and assets of $162K (revenue +1.8% year-over-year).
- 2020: Revenue of $194K, expenses of $148K, and assets of $153K (revenue +2.9% year-over-year).
- 2019: Revenue of $188K, expenses of $158K, and assets of $126K (revenue +0.8% year-over-year).
- 2018: Revenue of $187K, expenses of $159K, and assets of $127K (revenue +0.4% year-over-year).
- 2017: Revenue of $186K, expenses of $170K, and assets of $126K (revenue +2.2% year-over-year).
- 2016: Revenue of $182K, expenses of $161K, and assets of $124K (revenue +2.2% year-over-year).
- 2015: Revenue of $178K, expenses of $152K, and assets of $118K (revenue +2.8% year-over-year).
- 2014: Revenue of $173K, expenses of $166K, and assets of $123K (revenue -0.1% year-over-year).
- 2013: Revenue of $173K, expenses of $161K, and assets of $121K (revenue +2.0% year-over-year).
- 2012: Revenue of $170K, expenses of $148K, and assets of $121K.
Data Sources and Methodology
This transparency report for Sunrise Residence 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.