Yarmouth Senior Housing Inc
Yarmouth Senior Housing Inc. maintains stable operations with no executive compensation, though recent expenses slightly exceed revenue.
EIN: 10340560 · Yarmouth, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $268K |
| Total Expenses | $262K |
| Program Spending | 90% |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Yarmouth Senior Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yarmouth Senior Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yarmouth Senior Housing Inc
Yarmouth Senior Housing Inc (EIN: 10340560) is a nonprofit organization based in Yarmouth, ME. The organization reported total revenue of $268K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yarmouth Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yarmouth Senior Housing Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $250K |
| Total Expenses | $262K |
| Surplus / Deficit | $-12,373 |
| Total Assets | $1.5M |
| Total Liabilities | $272K |
| Net Assets | $1.2M |
| Operating Margin | -5.0% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 67.9 months |
Financial Health Grade: B
In 2023, Yarmouth Senior Housing Inc reported a deficit of $12K with expenses exceeding revenue, holds 67.9 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yarmouth Senior Housing Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.1% | +29.5% | -3.5% |
| 2022 | +2.2% | +0.3% | -2.4% |
| 2021 | +1.6% | -3.1% | -2.9% |
| 2020 | -1.3% | +12.3% | -3.2% |
| 2019 | -17.8% | -1.1% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Yarmouth Senior Housing Inc with a Mission Score of 92 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Yarmouth Senior Housing Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a strong positive for a nonprofit of its size, suggesting a volunteer-led or very lean administrative structure.
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 Yarmouth Senior Housing Inc's IRS 990 filings:
- Expenses slightly exceeding revenue in recent periods (e.g., $262,182 expenses vs. $249,809 revenue in 2023), which if sustained, could impact long-term reserves.
Strengths
The following positive indicators were identified for Yarmouth Senior Housing Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Strong asset base ($1,484,186 in 2023) significantly exceeding liabilities ($271,721), demonstrating financial stability.
- Long history of IRS 990 filings (13 filings), suggesting transparency and consistent operation.
- Stable revenue streams over several years, supporting consistent program delivery.
Frequently Asked Questions about Yarmouth Senior Housing Inc
Is Yarmouth Senior Housing Inc a legitimate charity?
Yarmouth Senior Housing Inc (EIN: 10340560) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $268K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Yarmouth Senior Housing Inc spend its money?
Yarmouth Senior Housing Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Yarmouth Senior Housing Inc tax-deductible?
Yarmouth Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 10340560). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Yarmouth Senior Housing Inc located?
Yarmouth Senior Housing Inc is headquartered in Yarmouth, Maine and files with the IRS under EIN 10340560.
How many years of IRS 990 filings does Yarmouth Senior Housing Inc have?
Yarmouth Senior Housing Inc has 13 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 $268K in total revenue.
Is Yarmouth Senior Housing Inc. a good charity?
Based on the available financial data, Yarmouth Senior Housing Inc. appears to be a good charity. It demonstrates strong financial stability with significant assets, no executive compensation, and a clear focus on its mission by directing resources to programs.
How does Yarmouth Senior Housing Inc. manage its administrative costs?
The organization appears to manage administrative costs very efficiently, as evidenced by the consistent reporting of 0% officer compensation. This suggests that administrative functions are likely handled by volunteers or through very low-cost means, maximizing funds for programs.
What is the trend in Yarmouth Senior Housing Inc.'s financial stability?
While there have been periods where expenses slightly exceeded revenue (e.g., 2023, 2022), the organization maintains a robust asset base ($1,484,186 in 2023) that significantly outweighs its liabilities ($271,721), indicating strong long-term financial stability.
Filing History
IRS 990 filing history for Yarmouth Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yarmouth Senior Housing Inc's revenue has declined by 23.1%, moving from $325K to $250K. Total assets increased by 56.9% over the same period, from $946K to $1.5M. Total functional expenses rose by 48.7%, from $176K to $262K. In its most recent filing year (2023), Yarmouth Senior Housing Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $272K in liabilities against $1.5M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $250K | $262K | $1.5M | $272K | — | — |
| 2022 | $198K | $202K | $1.5M | $314K | — | View 990 |
| 2021 | $194K | $202K | $1.6M | $347K | — | View 990 |
| 2020 | $191K | $208K | $1.6M | $386K | — | View 990 |
| 2019 | $193K | $186K | $1.7M | $421K | — | View 990 |
| 2018 | $235K | $188K | $1.7M | $455K | — | View 990 |
| 2017 | $505K | $173K | $1.7M | $487K | — | View 990 |
| 2016 | $696K | $152K | $1.4M | $518K | — | View 990 |
| 2015 | $170K | $181K | $870K | $546K | — | View 990 |
| 2014 | $171K | $169K | $908K | $574K | — | View 990 |
| 2013 | $172K | $175K | $931K | $599K | — | View 990 |
| 2012 | $207K | $173K | $957K | $622K | — | View 990 |
| 2011 | $325K | $176K | $946K | $645K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $250K, expenses of $262K, and assets of $1.5M (revenue +26.1% year-over-year).
- 2022: Revenue of $198K, expenses of $202K, and assets of $1.5M (revenue +2.2% year-over-year).
- 2021: Revenue of $194K, expenses of $202K, and assets of $1.6M (revenue +1.6% year-over-year).
- 2020: Revenue of $191K, expenses of $208K, and assets of $1.6M (revenue -1.3% year-over-year).
- 2019: Revenue of $193K, expenses of $186K, and assets of $1.7M (revenue -17.8% year-over-year).
- 2018: Revenue of $235K, expenses of $188K, and assets of $1.7M (revenue -53.4% year-over-year).
- 2017: Revenue of $505K, expenses of $173K, and assets of $1.7M (revenue -27.5% year-over-year).
- 2016: Revenue of $696K, expenses of $152K, and assets of $1.4M (revenue +310.3% year-over-year).
- 2015: Revenue of $170K, expenses of $181K, and assets of $870K (revenue -0.9% year-over-year).
- 2014: Revenue of $171K, expenses of $169K, and assets of $908K (revenue -0.2% year-over-year).
- 2013: Revenue of $172K, expenses of $175K, and assets of $931K (revenue -17.2% year-over-year).
- 2012: Revenue of $207K, expenses of $173K, and assets of $957K (revenue -36.2% year-over-year).
- 2011: Revenue of $325K, expenses of $176K, and assets of $946K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yarmouth Senior Housing Inc:
Data Sources and Methodology
This transparency report for Yarmouth Senior 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.