Is Longwood University Real Estate Foundation Legit?
Quick charity verification for Longwood University Real Estate Foundation (EIN: 201612906)
Verdict: Longwood University Real Estate Foundation appears trustworthy
85/100Mission Score
$36.4MRevenue
$298.1MAssets
2Red Flags
3Strengths
Red Flags
Consistent liabilities exceeding assets, indicating high leverage.
Expenses exceeding revenue in the latest two reporting periods (2022 and 2023), leading to negative net income.
Strengths
Significant asset growth over the past decade, from $93 million in 2014 to over $301 million in 2023.
Consistent reporting of 0% officer compensation, indicating strong financial transparency and efficient use of funds for executive leadership.
Clear focus on supporting Longwood University's mission through real estate, aligning with its NTEE code.
AI Transparency Report
The Longwood University Real Estate Foundation demonstrates a consistent operational pattern, with revenues generally keeping pace with or slightly exceeding expenses in most years, though the latest two periods (2022 and 2023) show expenses exceeding revenue by approximately $6 million and $7 million respectively. This suggests a period of increased spending or reduced income relative to prior years. The organization's assets have grown significantly over the past decade, from $93 million in 2014 to over $301 million in 2023, indicating substantial real estate holdings and investments. However, liabilities have also grown proportionally, often exceeding assets, which warrants closer examination of their financing structures and debt management. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and efficient use of funds, as it suggests that executive leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is common for university-affiliated foundations where university staff may serve in foundation roles.