Is Metro Plaza Apartments Incorporated C O Thomas Nolan Legit?
Quick charity verification for Metro Plaza Apartments Incorporated C O Thomas Nolan (EIN: 222209064)
Verdict: Metro Plaza Apartments Incorporated C O Thomas Nolan appears trustworthy
75/100Mission Score
$2.0MRevenue
$5.3MAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets, consistently over 25% in recent years, could indicate financial strain or significant debt obligations.
Lack of detailed expense breakdown beyond 'compensation 0%' makes it difficult to assess administrative efficiency or fundraising costs.
Strengths
Consistent revenue generation over several years, demonstrating operational stability.
Zero reported compensation suggests a highly efficient or volunteer-driven model, maximizing funds for programs.
Steady asset growth from $3,142,777 in 2019 to $4,648,278 in 2023.
Spending Breakdown
How Metro Plaza Apartments Incorporated C O Thomas Nolan allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
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 Metro Plaza Apartments Incorporated C O Thomas Nolan
Is Metro Plaza Apartments Incorporated C O Thomas Nolan a legitimate charity?
Based on AI analysis of IRS 990 filings, Metro Plaza Apartments Incorporated C O Thomas Nolan (EIN: 222209064) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Metro Plaza Apartments Incorporated C O Thomas Nolan a good charity to donate to?
Metro Plaza Apartments Incorporated C O Thomas Nolan has a Mission Score of 75/100. Revenue: $2.0M. Assets: $5.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Metro Plaza Apartments Incorporated C O Thomas Nolan?
The Employer Identification Number (EIN) for Metro Plaza Apartments Incorporated C O Thomas Nolan is 222209064. 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 Metro Plaza Apartments Incorporated C O Thomas Nolan spend its money?
Metro Plaza Apartments Incorporated C O Thomas Nolan allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Metro Plaza Apartments Incorporated C O Thomas Nolan's tax-exempt status?
You can verify Metro Plaza Apartments Incorporated C O Thomas Nolan's tax-exempt status using EIN 222209064 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
Metro Plaza Apartments Incorporated C O Thomas Nolan is a housing & shelter nonprofit based in Binghamton, New York, with reported revenue of $2.0M and assets of $5.3M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 100% of spending goes to programs, 0% to administration, and 0% to fundraising. Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or fully outsourced management structure without direct salary payments to executives. Revenue has grown +64% across 12 filing periods.