Is Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc Legit?
Quick charity verification for Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc (EIN: 203825348)
Verdict: Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc has notable concerns
20/100Mission Score
$0Revenue
$0Assets
3Red Flags
3Strengths
Red Flags
Latest filing shows $0 revenue and assets, a significant and unexplained departure from historical financial activity.
NTEE code is unknown, making it difficult to ascertain the organization's specific charitable purpose or sector.
The organization's name and financial structure suggest it may not be a traditional public charity, but rather a holding company, which could be misleading for donors seeking charitable impact.
Strengths
Historically, the organization demonstrated consistent revenue generation and positive net income from 2011-2017.
Maintained substantial asset base (over $60 million) for several years, indicating significant underlying value.
Consistent filing of IRS Form 990s provides a historical financial record.
Spending Breakdown
How Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
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 Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc
Is Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc (EIN: 203825348) has notable concerns. Mission Score: 20/100. 3 red flags identified, 3 strengths noted.
Is Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc a good charity to donate to?
Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc has a Mission Score of 20/100. Revenue: $0. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc?
The Employer Identification Number (EIN) for Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc is 203825348. 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 Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc spend its money?
Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc's tax-exempt status?
You can verify Esplanade Apartments Holding Company C/O Jp Morgan Investment Management Inc's tax-exempt status using EIN 203825348 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
Esplanade Apartments Holding Company's financial data indicates a consistent operational pattern over the past several years, with revenues generally exceeding expenses, leading to an increase in net assets. For instance, in 2017, the organization reported revenues of $6,743,028 against expenses of $5,242,556, resulting in a surplus. The organization consistently holds significant assets, ranging from $63 million to $67 million, with corresponding liabilities that have fluctuated but remained substantial, particularly in earlier years. The most recent filing shows $0 in revenue and assets, which is a significant departure from historical trends and warrants further investigation to understand the current operational status.
Given the available data, the organization appears to be a holding company, likely for real estate, rather than a traditional public charity. This is suggested by the name and the nature of its financial activities, which involve substantial assets and liabilities typical of property ownership and management. The consistent revenue streams and expense levels over many years, prior to the latest $0 filing, suggest a stable, income-generating entity. The absence of officer compensation reported across all filings is notable, indicating that executive remuneration is either handled through a different structure or is not a direct expense of this specific entity.
Transparency is moderate, as the 990 filings provide a clear historical financial picture, but the NTEE code is unknown, and the latest filing's $0 revenue and assets are a significant anomaly that lacks immediate explanation within the provided data. Without a clear understanding of its program services (which are not detailed in the provided data), it's difficult to assess spending efficiency in terms of charitable impact. However, the consistent positive net income in prior years suggests financial stability for its stated purpose, whatever that may be.