Is Pecan Valley Apartments Inc Legit?

Quick charity verification for Pecan Valley Apartments Inc (EIN: 201970059)

Verdict: Pecan Valley Apartments Inc appears trustworthy

75/100Mission Score
$151KRevenue
$1.2MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Pecan Valley Apartments Inc. appears to be a stable, albeit consistently deficit-spending, organization focused on providing housing (NTEE L22). Over the past decade, the organization has consistently reported expenses exceeding revenue, leading to a gradual decline in assets from $1,559,304 in 2014 to $1,207,050 in 2023. For instance, in 2023, revenue was $130,149 while expenses were $187,802, resulting in a deficit of $57,653. This trend suggests that the organization's operational model relies on drawing down its asset base or has other non-operating income sources not detailed here to cover its deficits. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, which is a positive sign for transparency and efficiency. However, the sustained operational deficits warrant closer examination to understand their long-term sustainability.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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