Consistent deficit spending: Expenses have exceeded revenue in every reported year, leading to a decline in assets.
Significant increase in liabilities: Liabilities surged from $1.5M in 2018 to over $10M in 2019 and have remained high, indicating substantial debt.
Declining asset base: Total assets have decreased by over $3.6 million (from $9.05M in 2014 to $5.4M in 2023) over the past decade.
Strengths
Zero executive compensation: No officer compensation reported, indicating a strong commitment to directing funds to the mission.
Consistent mission focus: NTEE code L21 (Housing for the Elderly) aligns with the organization's name and likely program activities.
Long filing history: 13 filings demonstrate consistent reporting and transparency over an extended period.
Spending Breakdown
How Mantua Presbyterian Apartments Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
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 Mantua Presbyterian Apartments Inc
Is Mantua Presbyterian Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mantua Presbyterian Apartments Inc (EIN: 205006775) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Mantua Presbyterian Apartments Inc a good charity to donate to?
Mantua Presbyterian Apartments Inc has a Mission Score of 70/100. Revenue: $853K. Assets: $5.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Mantua Presbyterian Apartments Inc?
The Employer Identification Number (EIN) for Mantua Presbyterian Apartments Inc is 205006775. 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 Mantua Presbyterian Apartments Inc spend its money?
Mantua Presbyterian Apartments Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Mantua Presbyterian Apartments Inc's tax-exempt status?
You can verify Mantua Presbyterian Apartments Inc's tax-exempt status using EIN 205006775 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
Mantua Presbyterian Apartments Inc. demonstrates consistent financial operations focused on its mission, as evidenced by its NTEE code L21 (Housing for the Elderly). The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of financial efficiency and a commitment to directing resources towards its programs. However, a notable trend is that expenses have consistently exceeded revenue over the past decade, leading to a gradual decline in assets from $9,055,852 in 2014 to $5,407,674 in 2023. This sustained deficit spending, with expenses like $1,152,098 against revenues of $761,920 in 2023, suggests a reliance on drawing down reserves or other non-operating income sources not fully detailed in the provided summary. The significant increase in liabilities from $1,576,194 in 2018 to $10,583,376 in 2023 also warrants further investigation to understand the nature of these obligations and their impact on long-term financial stability.
Despite the deficit spending, the absence of executive compensation suggests a lean operational structure. The organization's primary focus appears to be on providing housing services, aligning with its NTEE code. The consistent reporting of financial data over 13 filings indicates a commitment to transparency. However, the long-term sustainability given the persistent revenue-expense gap and increasing liabilities is a key area for potential concern. Understanding the specific breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency, which is not directly available in the provided summary data.