Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $149,201 expenses vs. $128,220 revenue in 202406.
Steady decline in total assets over the past decade, from $1,334,531 in 201506 to $935,267 in 202406, indicating a potential draw on reserves.
Lack of detailed expense breakdown in available data makes it difficult to assess program efficiency and administrative overhead precisely.
Strengths
Consistent 0% officer compensation, indicating no executive salaries are a drain on resources.
Long history of IRS 990 filings (14 filings), demonstrating a commitment to regulatory compliance and transparency.
Relatively low liabilities compared to assets, suggesting a manageable debt burden.
Spending Breakdown
How Shenandoah Apartments Lafayette allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Shenandoah Apartments Lafayette
Is Shenandoah Apartments Lafayette a legitimate charity?
Based on AI analysis of IRS 990 filings, Shenandoah Apartments Lafayette (EIN: 200487886) shows mixed signals. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
Is Shenandoah Apartments Lafayette a good charity to donate to?
Shenandoah Apartments Lafayette has a Mission Score of 60/100. Revenue: $130K. Assets: $910K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Shenandoah Apartments Lafayette?
The Employer Identification Number (EIN) for Shenandoah Apartments Lafayette is 200487886. 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 Shenandoah Apartments Lafayette spend its money?
Shenandoah Apartments Lafayette allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Shenandoah Apartments Lafayette's tax-exempt status?
You can verify Shenandoah Apartments Lafayette's tax-exempt status using EIN 200487886 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
Shenandoah Apartments Lafayette, operating as a housing organization (NTEE L22), exhibits a consistent pattern of expenses exceeding revenue over the past several years. For instance, in the 202406 period, expenses were $149,201 against revenues of $128,220, resulting in a deficit. This trend is visible across multiple years, such as 202306 (expenses $164,565 vs. revenue $112,754) and 202206 (expenses $169,674 vs. revenue $109,126). While the organization maintains substantial assets, reported at $935,267 in 202406, these assets have been steadily declining from a high of $1,334,531 in 201506, suggesting that deficits are being covered by drawing down reserves or asset depreciation.
The organization's financial health, therefore, shows signs of long-term unsustainability if the current trend of operating deficits continues without a corresponding increase in revenue or reduction in expenses. A positive aspect is the consistent reporting of 0% officer compensation, indicating that executive pay is not a drain on resources. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to regulatory transparency, but the lack of detailed expense allocation limits a deeper analysis of program effectiveness.