It is speculated that Washburn's perfectionism may have contributed to her downfall; as Jim Collins describes, through the work of biographer Martha Yellig:"insisting on the highest-quality materials or a certain window or fireplace treatment, even when the owners couldn't afford it – increasingly required her to pay money out of her own pocket, costing her profits. When the Depression hit a few years later, Mrs. Washburn owed more than $82,000 to local suppliers and contractors. The courts stripped her of nearly everything she owned, including the family homestead in Cheshire where she grew up."She declared
bankruptcy in 1931, and, as her husband had died in 1926, moved into an apartment with her sister in Cheshire. When she died in 1958, her occupation was listed as
housewife. While her career was not celebrated widely during her lifetime, that began to change in later years in which she became known for her thoughtful designs, as well as for being so prolific. As William Brown, the director of the
Eli Whitney Museum, is quoted as saying in a 1990
New York Times article:"Alice Washburn was not the greatest architect who ever lived, or even the greatest woman architect. But to build so many houses so late in life and to have those houses so loved is an extraordinary achievement." == Alice Washburn Award ==