Accessible Apartments Of Newport News Inc
EIN: 521609520 · Richmond, VA · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $228K |
| Total Expenses | $232K |
| Net Assets | $-453,649 |
Is Accessible Apartments Of Newport News Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Accessible Apartments Of Newport News Inc
Accessible Apartments Of Newport News Inc (EIN: 521609520) is a nonprofit organization based in Richmond, VA, classified under NTEE code L20. The organization reported total revenue of $228K and total assets of $935K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Accessible Apartments Of Newport News Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Accessible Apartments Of Newport News Inc is a small nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $232K |
| Surplus / Deficit | $-33,496 |
| Total Assets | $901K |
| Total Liabilities | $1.4M |
| Net Assets | $-453,649 |
| Operating Margin | -16.9% |
| Debt-to-Asset Ratio | 150.4% |
| Months of Reserves | 46.6 months |
Financial Health Grade: C
In 2023, Accessible Apartments Of Newport News Inc reported a deficit of $33K with expenses exceeding revenue, holds 46.6 months of operating reserves (strong position), has a debt-to-asset ratio of 150.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Accessible Apartments Of Newport News Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +4.5% | -5.1% |
| 2022 | +19.5% | +11.3% | -1.0% |
| 2021 | -0.3% | +24.3% | -4.4% |
| 2020 | -1.0% | -3.2% | +1.7% |
| 2019 | -0.6% | +5.5% | +0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Accessible Apartments Of Newport News Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Accessible Apartments Of Newport News Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 150.4%.
Frequently Asked Questions about Accessible Apartments Of Newport News Inc
Is Accessible Apartments Of Newport News Inc a legitimate charity?
Accessible Apartments Of Newport News Inc (EIN: 521609520) is a registered tax-exempt nonprofit based in Virginia. It has 12 years of IRS 990 filings on record. Total revenue: $228K. No red flags identified. Financial health grade: C.
How does Accessible Apartments Of Newport News Inc spend its money?
Accessible Apartments Of Newport News Inc reported $228K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Accessible Apartments Of Newport News Inc tax-deductible?
Accessible Apartments Of Newport News Inc is registered as a tax-exempt nonprofit (EIN: 521609520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Accessible Apartments Of Newport News Inc located?
Accessible Apartments Of Newport News Inc is headquartered in Richmond, Virginia and files with the IRS under EIN 521609520. It is classified under NTEE code L20.
How many years of IRS 990 filings does Accessible Apartments Of Newport News Inc have?
Accessible Apartments Of Newport News Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $228K in total revenue.
Filing History
IRS 990 filing history for Accessible Apartments Of Newport News Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Accessible Apartments Of Newport News Inc's revenue has grown by 56.2%, moving from $127K to $198K. Total assets decreased by 15.3% over the same period, from $1.1M to $901K. Total functional expenses rose by 46.4%, from $158K to $232K. In its most recent filing year (2023), Accessible Apartments Of Newport News Inc reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $901K in assets (debt-to-asset ratio: 150.4%), resulting in net assets of $-453,649.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $232K | $901K | $1.4M | — | — |
| 2022 | $197K | $222K | $949K | $1.4M | — | View 990 |
| 2021 | $165K | $200K | $959K | $1.4M | — | View 990 |
| 2020 | $165K | $161K | $1.0M | $1.4M | — | — |
| 2019 | $167K | $166K | $986K | $1.4M | — | View 990 |
| 2018 | $168K | $157K | $981K | $1.3M | — | View 990 |
| 2017 | $168K | $172K | $986K | $1.4M | — | View 990 |
| 2016 | $167K | $174K | $978K | $1.4M | — | View 990 |
| 2015 | $167K | $177K | $992K | $1.4M | — | View 990 |
| 2014 | $168K | $182K | $989K | $1.3M | — | View 990 |
| 2013 | $155K | $177K | $995K | $1.3M | — | View 990 |
| 2011 | $127K | $158K | $1.1M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $232K, and assets of $901K (revenue +0.8% year-over-year).
- 2022: Revenue of $197K, expenses of $222K, and assets of $949K (revenue +19.5% year-over-year).
- 2021: Revenue of $165K, expenses of $200K, and assets of $959K (revenue -0.3% year-over-year).
- 2020: Revenue of $165K, expenses of $161K, and assets of $1.0M (revenue -1.0% year-over-year).
- 2019: Revenue of $167K, expenses of $166K, and assets of $986K (revenue -0.6% year-over-year).
- 2018: Revenue of $168K, expenses of $157K, and assets of $981K (revenue +0.2% year-over-year).
- 2017: Revenue of $168K, expenses of $172K, and assets of $986K (revenue +0.2% year-over-year).
- 2016: Revenue of $167K, expenses of $174K, and assets of $978K (revenue +0.2% year-over-year).
- 2015: Revenue of $167K, expenses of $177K, and assets of $992K (revenue -0.7% year-over-year).
- 2014: Revenue of $168K, expenses of $182K, and assets of $989K (revenue +8.2% year-over-year).
- 2013: Revenue of $155K, expenses of $177K, and assets of $995K (revenue +22.3% year-over-year).
- 2011: Revenue of $127K, expenses of $158K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Accessible Apartments Of Newport News Inc:
Data Sources and Methodology
This transparency report for Accessible Apartments Of Newport News Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.