Consistent operating deficits (expenses exceeding revenue) across all reported periods, e.g., $85,999 revenue vs. $126,278 expenses in 2024.
Declining asset base over time, from $887,328 in 2015 to $654,216 in 2024.
Liabilities consistently exceed assets, indicating a potentially leveraged financial position (e.g., $654,216 assets vs. $1,047,244 liabilities in 2024).
Strengths
Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
Consistent filing history demonstrates transparency and compliance.
Clear focus on its mission (senior apartments) with likely high program spending due to minimal administrative overhead.
Spending Breakdown
How Morehouse Senior Apartments Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
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 Morehouse Senior Apartments Inc
Is Morehouse Senior Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Morehouse Senior Apartments Inc (EIN: 10869176) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Morehouse Senior Apartments Inc a good charity to donate to?
Morehouse Senior Apartments Inc has a Mission Score of 75/100. Revenue: $84K. Assets: $630K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Morehouse Senior Apartments Inc?
The Employer Identification Number (EIN) for Morehouse Senior Apartments Inc is 10869176. 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 Morehouse Senior Apartments Inc spend its money?
Morehouse Senior Apartments Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Morehouse Senior Apartments Inc's tax-exempt status?
You can verify Morehouse Senior Apartments Inc's tax-exempt status using EIN 10869176 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
Morehouse Senior Apartments Inc. appears to be a small, stable organization focused on providing senior housing, as indicated by its NTEE code L22. The organization consistently operates with expenses exceeding revenue, leading to a gradual decline in assets over the past several years. For example, in fiscal year 2024, revenue was $85,999 while expenses were $126,278, resulting in a deficit. This trend is consistent across all reported periods, suggesting a reliance on existing assets or other non-revenue funding sources to cover operational costs.
Despite the consistent operating deficits, the organization maintains a relatively low level of liabilities compared to its assets, though liabilities have been consistently high, often exceeding assets. For instance, in 2024, assets were $654,216 against liabilities of $1,047,244. The absence of reported officer compensation across all filings indicates a commitment to minimizing administrative overhead, which is a positive sign for spending efficiency. However, the continuous decline in assets due to operating deficits raises questions about long-term financial sustainability if current trends persist.
The organization's transparency is generally good, with consistent annual filings. The lack of officer compensation is a strong indicator of efficient use of funds at the executive level. However, a deeper understanding of how the organization covers its consistent operating deficits and its long-term strategy for financial stability would enhance the transparency report.