Total assets have shown a consistent decline from $3,323,835 in 2016 to $2,895,884 in 2023, indicating potential long-term financial erosion or asset depreciation.
Expenses have frequently exceeded revenue in recent years (e.g., 2022: revenue $833,803 vs. expenses $890,437), suggesting operational deficits.
Strengths
Consistent revenue generation, averaging around $800,000 annually over the past eight years, indicates a stable operational model.
The organization maintains a healthy asset base relative to its liabilities, with assets consistently exceeding liabilities by a significant margin (e.g., $2,895,884 assets vs. $2,703,825 liabilities in 2023).
Spending Breakdown
How Schoolhouse Apartments Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
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 Schoolhouse Apartments Inc
Is Schoolhouse Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Schoolhouse Apartments Inc (EIN: 223035438) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
Is Schoolhouse Apartments Inc a good charity to donate to?
Schoolhouse Apartments Inc has a Mission Score of 75/100. Revenue: $874K. Assets: $2.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Schoolhouse Apartments Inc?
The Employer Identification Number (EIN) for Schoolhouse Apartments Inc is 223035438. 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 Schoolhouse Apartments Inc spend its money?
Schoolhouse Apartments Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Schoolhouse Apartments Inc's tax-exempt status?
You can verify Schoolhouse Apartments Inc's tax-exempt status using EIN 223035438 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
Schoolhouse Apartments Inc is a housing & shelter nonprofit based in New Canaan, Connecticut, with reported revenue of $874K and assets of $2.8M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. Executive compensation cannot be assessed without specific data on salaries and benefits paid to key personnel, which is not present in the provided financial summary. Revenue has remained stable +1% across 13 filing periods.