Consistent operational deficits (e.g., $51,874 deficit in 2022)
Declining asset base over multiple years (e.g., $1,145,583 in 2015 to $833,139 in 2022)
Expenses consistently exceeding revenue in all reported periods
Strengths
Zero officer compensation reported across all filings, indicating efficient use of funds for mission.
Consistent filing history, demonstrating transparency and compliance.
Spending Breakdown
How Lakeview Apartments Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Lakeview Apartments Inc
Is Lakeview Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lakeview Apartments Inc (EIN: 204398465) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Lakeview Apartments Inc a good charity to donate to?
Lakeview Apartments Inc has a Mission Score of 65/100. Revenue: $86K. Assets: $742K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lakeview Apartments Inc?
The Employer Identification Number (EIN) for Lakeview Apartments Inc is 204398465. 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 Lakeview Apartments Inc spend its money?
Lakeview Apartments Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lakeview Apartments Inc's tax-exempt status?
You can verify Lakeview Apartments Inc's tax-exempt status using EIN 204398465 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
Lakeview Apartments Inc. consistently operates at a deficit, with expenses significantly exceeding revenue in all reported periods. For example, in 2022, revenue was $74,796 while expenses were $126,670, indicating a substantial reliance on prior assets or other funding sources not immediately apparent from the revenue figures. The organization's assets have shown a consistent decline over the years, from $1,145,583 in 2015 to $833,139 in 2022, suggesting that these deficits are being covered by drawing down reserves. This trend raises concerns about long-term financial sustainability if current operational patterns continue without a significant increase in revenue or reduction in expenses.
The organization's transparency is strong regarding executive compensation, as zero officer compensation is reported across all filings, which is a positive indicator of resource allocation directly to the mission rather than high salaries. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency between program, administrative, and fundraising costs. The consistent operational deficits, however, are a primary area of concern for financial health.