Is Corning Senior Apartments Legit?

Quick charity verification for Corning Senior Apartments (EIN: 200740891)

Verdict: Corning Senior Apartments appears trustworthy

70/100Mission Score

$80KRevenue

$543KAssets

2Red Flags

3Strengths

Red Flags

Consistent operational deficits (expenses exceeding revenue) in most recent periods, e.g., $96,167 expenses vs. $80,342 revenue in 2024.
Declining total assets over time, from $676,057 in 2015 to $542,531 in 2024, indicating a draw-down on reserves.

Strengths

No reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
Strong asset base relative to liabilities ($542,531 assets vs. $6,259 liabilities in 2024), demonstrating financial solvency.
Clear focus on its mission (senior housing) as suggested by the NTEE code and the likely nature of its expenses.

Spending Breakdown

How Corning Senior Apartments allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Corning Senior Apartments

Is Corning Senior Apartments a legitimate charity?

Based on AI analysis of IRS 990 filings, Corning Senior Apartments (EIN: 200740891) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.

Is Corning Senior Apartments a good charity to donate to?

Corning Senior Apartments has a Mission Score of 70/100. Revenue: $80K. Assets: $543K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Corning Senior Apartments?

The Employer Identification Number (EIN) for Corning Senior Apartments is 200740891. 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 Corning Senior Apartments spend its money?

Corning Senior Apartments allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Corning Senior Apartments's tax-exempt status?

You can verify Corning Senior Apartments's tax-exempt status using EIN 200740891 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

Corning Senior Apartments, operating in Osceola, AR, appears to be a small nonprofit focused on providing housing, as indicated by its NTEE code L22. The organization consistently reports modest revenues, with the latest filing showing $80,342. A notable trend is that expenses have frequently exceeded revenue, leading to a net deficit in most recent years. For example, in 2024, expenses were $96,167 against $80,342 in revenue, and similar patterns are observed in 2023 ($80,153 expenses vs. $74,416 revenue) and 2022 ($91,909 expenses vs. $73,191 revenue). This consistent operational deficit suggests the organization may be drawing down on its assets or relying on prior period surpluses to cover costs.

Despite the operational deficits, the organization maintains a healthy asset base relative to its liabilities. In 2024, assets stood at $542,531 against liabilities of $6,259, indicating strong financial solvency. The absence of officer compensation reported across all filings suggests a volunteer-led or very lean administrative structure, which is a positive indicator for program focus. However, the consistent decline in total assets over the years, from $676,057 in 2015 to $542,531 in 2024, warrants attention as it aligns with the ongoing operational deficits. This trend, if continued, could impact long-term sustainability.

Given the nature of providing senior housing, a significant portion of expenses would likely be directly related to property maintenance, utilities, and resident services. The lack of reported officer compensation points to good transparency regarding executive pay. However, without a detailed breakdown of expenses beyond the top-line figures, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. The consistent operational deficits, while not immediately critical due to strong assets, are a financial trend that merits monitoring.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.