Washington County Residences
Washington County Residences consistently generates surpluses but carries significant liabilities exceeding assets.
EIN: 10434608 · Machias, ME · NTEE: L20 · Updated: 2026-03-28
Is Washington County Residences Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Washington County Residences directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Washington County Residences
Washington County Residences (EIN: 10434608) is a nonprofit organization based in Machias, ME, classified under NTEE code L20. The organization reported total revenue of $234K and total assets of $281K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Washington County Residences'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 Washington County Residences 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Washington County Residences 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.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for directing funds to its mission.
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 Washington County Residences's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $478,132 liabilities vs. $266,952 assets in 2024).
- Lack of detailed expense breakdown beyond total expenses makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Washington County Residences:
- Consistent revenue growth over the past decade (from $184,067 in 2015 to $225,837 in 2024).
- Consistently operates with a surplus (e.g., $225,837 revenue vs. $197,252 expenses in 2024).
- No reported officer compensation, suggesting a volunteer-driven or highly efficient leadership structure.
- Consistent filing of IRS Form 990s, indicating good transparency practices.
Frequently Asked Questions about Washington County Residences
Is Washington County Residences a legitimate charity?
Based on AI analysis of IRS 990 filings, Washington County Residences (EIN: 10434608) some concerns. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
How does Washington County Residences spend its money?
Washington County Residences directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Washington County Residences tax-deductible?
Washington County Residences is registered as a tax-exempt nonprofit (EIN: 10434608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Washington County Residences a good charity?
Washington County Residences demonstrates consistent revenue growth and operates with a surplus, indicating financial stability in its operations. The absence of officer compensation is a strong positive. However, the significant liabilities relative to assets (e.g., $478,132 liabilities vs. $266,952 assets in 2024) raise questions about its long-term financial structure and reliance on debt or specific funding mechanisms.
What is the primary financial concern for Washington County Residences?
The primary financial concern is the organization's substantial liabilities consistently exceeding its assets. For example, in 2024, liabilities were $478,132 while assets were $266,952, indicating a negative net asset position that has persisted over many years.
How has the organization's revenue trended over time?
Washington County Residences has shown a consistent upward trend in revenue, increasing from $184,067 in 2015 to $225,837 in 2024, demonstrating steady growth in its financial intake.
Does the organization pay its officers?
Based on the provided IRS 990 data, the organization reports 0% officer compensation for all available periods, suggesting that its officers are not compensated through traditional salaries.
Filing History
IRS 990 filing history for Washington County Residences showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Washington County Residences's revenue has grown by 37.2%, moving from $165K to $226K. Total assets increased by 27% over the same period, from $210K to $267K. Total functional expenses rose by 21.1%, from $163K to $197K. In its most recent filing year (2024), Washington County Residences reported a surplus of $29K, with revenue exceeding expenses. The organization holds $478K in liabilities against $267K in assets (debt-to-asset ratio: 179.1%), resulting in net assets of $-211,180.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $226K | $197K | $267K | $478K | — | — |
| 2023 | $211K | $185K | $261K | $501K | — | View 990 |
| 2022 | $200K | $177K | $256K | $522K | — | View 990 |
| 2021 | $197K | $165K | $244K | $532K | — | — |
| 2020 | $196K | $167K | $236K | $556K | — | — |
| 2019 | $192K | $162K | $207K | $556K | — | View 990 |
| 2018 | $191K | $172K | $189K | $568K | — | — |
| 2017 | $188K | $181K | $184K | $582K | — | View 990 |
| 2016 | $187K | $182K | $187K | $592K | — | View 990 |
| 2015 | $184K | $191K | $189K | $597K | — | View 990 |
| 2014 | $182K | $179K | $204K | $605K | — | View 990 |
| 2013 | $181K | $176K | $206K | $615K | — | View 990 |
| 2012 | $165K | $163K | $210K | $625K | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $226K, expenses of $197K, and assets of $267K (revenue +7.2% year-over-year).
- 2023: Revenue of $211K, expenses of $185K, and assets of $261K (revenue +5.5% year-over-year).
- 2022: Revenue of $200K, expenses of $177K, and assets of $256K (revenue +1.3% year-over-year).
- 2021: Revenue of $197K, expenses of $165K, and assets of $244K (revenue +0.6% year-over-year).
- 2020: Revenue of $196K, expenses of $167K, and assets of $236K (revenue +2.3% year-over-year).
- 2019: Revenue of $192K, expenses of $162K, and assets of $207K (revenue +0.3% year-over-year).
- 2018: Revenue of $191K, expenses of $172K, and assets of $189K (revenue +1.8% year-over-year).
- 2017: Revenue of $188K, expenses of $181K, and assets of $184K (revenue +0.4% year-over-year).
- 2016: Revenue of $187K, expenses of $182K, and assets of $187K (revenue +1.5% year-over-year).
- 2015: Revenue of $184K, expenses of $191K, and assets of $189K (revenue +0.9% year-over-year).
- 2014: Revenue of $182K, expenses of $179K, and assets of $204K (revenue +0.8% year-over-year).
- 2013: Revenue of $181K, expenses of $176K, and assets of $206K (revenue +10.0% year-over-year).
- 2012: Revenue of $165K, expenses of $163K, and assets of $210K.
Data Sources and Methodology
This transparency report for Washington County Residences 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.