Woodward Manor Inc

Woodward Manor Inc. consistently operates at a deficit with high liabilities, raising long-term financial sustainability concerns.

EIN: 20657192 · Lehigh Acres, FL · NTEE: L220 · Updated: 2026-03-28

$788KRevenue

$4.7MAssets

55/100Mission Score (Fair)

L220

About Woodward Manor Inc

Woodward Manor Inc (EIN: 20657192) is a nonprofit organization based in Lehigh Acres, FL, classified under NTEE code L220. The organization reported total revenue of $788K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodward Manor Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Woodward Manor Inc. appears to be in a challenging financial position, consistently operating at a deficit for at least the past decade. In 2023, the organization reported expenses of $801,664 against revenues of $718,213, resulting in a deficit of over $83,000. This trend of expenses exceeding revenue is consistent across all available filings, indicating a long-term sustainability concern. While the organization's assets are substantial at $4,935,145 in 2023, its liabilities are significantly higher at $8,257,611, suggesting a negative net asset position. This financial structure raises questions about the long-term viability and funding model of Woodward Manor Inc.

The organization's transparency regarding executive compensation is excellent, with 0% reported officer compensation across all available filings, which is a strong positive indicator for donor trust. However, the consistent operational deficits and the high liabilities relative to assets are significant concerns that warrant further investigation into their funding sources and expenditure management. Without a clear path to financial stability, the organization's ability to sustain its programs may be at risk.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Woodward Manor Inc with a Mission Score of 55 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Woodward Manor 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 reported as 0% across all available filings, indicating that no officers receive compensation from the organization. This is a highly positive aspect for a nonprofit of its size, demonstrating a strong commitment to directing resources towards its mission rather than executive salaries.

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 Woodward Manor Inc's IRS 990 filings:

Consistent operating deficits for over a decade (e.g., $83,451 deficit in 2023).
High liabilities relative to assets, resulting in a negative net asset position ($8,257,611 liabilities vs. $4,935,145 assets in 2023).
Declining asset base over time (from $5,994,010 in 2014 to $4,935,145 in 2023).

Strengths

The following positive indicators were identified for Woodward Manor Inc:

0% officer compensation reported across all filings, indicating strong commitment to mission over executive pay.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency in reporting.

Frequently Asked Questions about Woodward Manor Inc

Is Woodward Manor Inc. financially sustainable given its consistent operating deficits?

The organization has consistently reported expenses exceeding revenue for over a decade, with a deficit of $83,451 in 2023. This trend suggests a significant challenge to long-term financial sustainability.

What is the nature of Woodward Manor Inc.'s substantial liabilities?

With liabilities of $8,257,611 against assets of $4,935,145 in 2023, the organization has a negative net asset position. Understanding the composition of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing financial health.

How does Woodward Manor Inc. plan to address its ongoing operational deficits?

Given the consistent deficits, it's important to understand the organization's strategy for increasing revenue or reducing expenses to achieve financial stability.

What percentage of total expenses are allocated to program services?

While specific program spending percentages are not provided in the summary data, the consistent deficits suggest that even with 0% officer compensation, overall spending efficiency needs scrutiny to ensure maximum impact.

Filing History

IRS 990 filing history for Woodward Manor Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Woodward Manor Inc's revenue has grown by 76.9%, moving from $406K to $718K. Total assets decreased by 25.5% over the same period, from $6.6M to $4.9M. Total functional expenses rose by 26.3%, from $635K to $802K. In its most recent filing year (2023), Woodward Manor Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $8.3M in liabilities against $4.9M in assets (debt-to-asset ratio: 167.3%), resulting in net assets of $-3,322,466.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$718K	$802K	$4.9M	$8.3M	—	View 990
2022	$608K	$758K	$4.8M	$8.1M	—	View 990
2021	$594K	$731K	$5.0M	$8.1M	—	View 990
2020	$567K	$709K	$5.1M	$8.1M	—	View 990
2019	$529K	$691K	$5.2M	$8.1M	—	View 990
2018	$511K	$630K	$5.4M	$8.1M	—	View 990
2017	$507K	$635K	$5.5M	$8.1M	—	View 990
2016	$491K	$628K	$5.7M	$8.1M	—	View 990
2015	$474K	$678K	$5.8M	$8.1M	—	View 990
2014	$451K	$645K	$6.0M	$8.1M	—	View 990
2013	$424K	$629K	$6.2M	$8.1M	—	View 990
2012	$421K	$646K	$6.4M	$8.1M	—	View 990
2011	$406K	$635K	$6.6M	$8.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $718K, expenses of $802K, and assets of $4.9M (revenue +18.1% year-over-year).
2022: Revenue of $608K, expenses of $758K, and assets of $4.8M (revenue +2.4% year-over-year).
2021: Revenue of $594K, expenses of $731K, and assets of $5.0M (revenue +4.8% year-over-year).
2020: Revenue of $567K, expenses of $709K, and assets of $5.1M (revenue +7.2% year-over-year).
2019: Revenue of $529K, expenses of $691K, and assets of $5.2M (revenue +3.4% year-over-year).
2018: Revenue of $511K, expenses of $630K, and assets of $5.4M (revenue +0.8% year-over-year).
2017: Revenue of $507K, expenses of $635K, and assets of $5.5M (revenue +3.3% year-over-year).
2016: Revenue of $491K, expenses of $628K, and assets of $5.7M (revenue +3.6% year-over-year).
2015: Revenue of $474K, expenses of $678K, and assets of $5.8M (revenue +5.2% year-over-year).
2014: Revenue of $451K, expenses of $645K, and assets of $6.0M (revenue +6.4% year-over-year).
2013: Revenue of $424K, expenses of $629K, and assets of $6.2M (revenue +0.7% year-over-year).
2012: Revenue of $421K, expenses of $646K, and assets of $6.4M (revenue +3.6% year-over-year).
2011: Revenue of $406K, expenses of $635K, and assets of $6.6M.

Data Sources and Methodology

This transparency report for Woodward Manor 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.