Quick charity verification for Allegre Point Senior Residences Inc (EIN: 204295472)
Verdict: Allegre Point Senior Residences Inc appears trustworthy
75/100Mission Score
$573KRevenue
$3.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent operational deficits over a decade (e.g., $252,969 deficit in 2023).
Declining asset base (from $5.2M in 2014 to $3.2M in 2023) due to deficits.
Strengths
Zero officer compensation reported across all filings, indicating volunteer leadership.
Consistent IRS 990 filing history (13 filings), demonstrating transparency.
Maintains a healthy asset-to-liability ratio (e.g., $3.2M assets vs. $75K liabilities in 2023).
Spending Breakdown
How Allegre Point Senior Residences Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Allegre Point Senior Residences Inc
Is Allegre Point Senior Residences Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Allegre Point Senior Residences Inc (EIN: 204295472) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Allegre Point Senior Residences Inc a good charity to donate to?
Allegre Point Senior Residences Inc has a Mission Score of 75/100. Revenue: $573K. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Allegre Point Senior Residences Inc?
The Employer Identification Number (EIN) for Allegre Point Senior Residences Inc is 204295472. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Allegre Point Senior Residences Inc spend its money?
Allegre Point Senior Residences Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Allegre Point Senior Residences Inc's tax-exempt status?
You can verify Allegre Point Senior Residences Inc's tax-exempt status using EIN 204295472 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Allegre Point Senior Residences Inc. demonstrates consistent financial operations focused on providing senior housing, as indicated by its NTEE code L22. The organization has consistently operated at a deficit over the past decade, with expenses exceeding revenue in every reported period. For instance, in 2023, expenses were $744,461 against revenues of $491,492, resulting in a deficit of over $250,000. This trend has led to a gradual decline in assets, from $5,216,357 in 2014 to $3,280,239 in 2023, suggesting reliance on existing reserves to cover operational shortfalls. While the organization maintains a healthy asset base relative to its liabilities, the ongoing operational deficits warrant closer examination of its long-term financial sustainability.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable positive is the reported 0% officer compensation across all available filings, indicating that executive leadership is not drawing salaries from the organization, which is a strong indicator of volunteer-driven governance and efficient use of funds. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent deficits, despite no officer compensation, suggest that the operational costs of maintaining the residences are substantial relative to its revenue streams.
Overall, Allegre Point Senior Residences Inc. appears to be a dedicated organization serving its mission, evidenced by its long operational history and volunteer leadership. The primary financial concern is the persistent operational deficit and the resulting decline in assets. While current assets are sufficient to cover liabilities, this trend is not sustainable indefinitely. Further analysis of expense categories would be beneficial to understand where the majority of spending occurs and identify potential areas for cost optimization or revenue enhancement to ensure the organization's long-term viability.