Adams Bodine Apartments Inc
EIN: 820570003 · Louisville, KY · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $98K |
| Total Expenses | $115K |
| Net Assets | $595K |
Is Adams Bodine Apartments Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Adams Bodine Apartments Inc
Adams Bodine Apartments Inc (EIN: 820570003) is a nonprofit organization based in Louisville, KY, classified under NTEE code L21. The organization reported total revenue of $98K and total assets of $606K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Adams Bodine Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Adams Bodine Apartments Inc is a micro nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $115K |
| Surplus / Deficit | $-25,205 |
| Total Assets | $660K |
| Total Liabilities | $65K |
| Net Assets | $595K |
| Operating Margin | -28.2% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 69.1 months |
Financial Health Grade: B
In 2023, Adams Bodine Apartments Inc reported a deficit of $25K with expenses exceeding revenue, holds 69.1 months of operating reserves (strong position), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Adams Bodine Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +12.7% | -4.1% |
| 2022 | +14.3% | -5.1% | -2.6% |
| 2021 | +7.0% | +3.2% | -4.0% |
| 2020 | -10.3% | -3.0% | -3.7% |
| 2019 | -3.6% | +22.1% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Adams Bodine Apartments 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 Adams Bodine Apartments 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.8%.
Frequently Asked Questions about Adams Bodine Apartments Inc
Is Adams Bodine Apartments Inc a legitimate charity?
Adams Bodine Apartments Inc (EIN: 820570003) is a registered tax-exempt nonprofit based in Kentucky. It has 12 years of IRS 990 filings on record. Total revenue: $98K. No red flags identified. Financial health grade: B.
How does Adams Bodine Apartments Inc spend its money?
Adams Bodine Apartments Inc reported $98K 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 Adams Bodine Apartments Inc tax-deductible?
Adams Bodine Apartments Inc is registered as a tax-exempt nonprofit (EIN: 820570003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Adams Bodine Apartments Inc located?
Adams Bodine Apartments Inc is headquartered in Louisville, Kentucky and files with the IRS under EIN 820570003. It is classified under NTEE code L21.
How many years of IRS 990 filings does Adams Bodine Apartments Inc have?
Adams Bodine Apartments 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 $98K in total revenue.
Filing History
IRS 990 filing history for Adams Bodine Apartments Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Adams Bodine Apartments Inc's revenue has grown by 96.9%, moving from $45K to $89K. Total assets decreased by 29.3% over the same period, from $934K to $660K. Total functional expenses rose by 45%, from $79K to $115K. In its most recent filing year (2023), Adams Bodine Apartments Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $65K in liabilities against $660K in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $595K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $115K | $660K | $65K | — | View 990 |
| 2022 | $84K | $102K | $688K | $65K | — | View 990 |
| 2021 | $74K | $107K | $707K | $66K | — | — |
| 2020 | $69K | $104K | $736K | $61K | — | View 990 |
| 2019 | $77K | $107K | $764K | $54K | — | View 990 |
| 2018 | $80K | $88K | $799K | $60K | — | View 990 |
| 2017 | $75K | $91K | $812K | $64K | — | View 990 |
| 2016 | $61K | $95K | $833K | $70K | — | View 990 |
| 2015 | $63K | $103K | $860K | $62K | — | View 990 |
| 2014 | $61K | $94K | $897K | $60K | — | View 990 |
| 2013 | $70K | $83K | $924K | $55K | — | View 990 |
| 2012 | $45K | $79K | $934K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $115K, and assets of $660K (revenue +6.2% year-over-year).
- 2022: Revenue of $84K, expenses of $102K, and assets of $688K (revenue +14.3% year-over-year).
- 2021: Revenue of $74K, expenses of $107K, and assets of $707K (revenue +7.0% year-over-year).
- 2020: Revenue of $69K, expenses of $104K, and assets of $736K (revenue -10.3% year-over-year).
- 2019: Revenue of $77K, expenses of $107K, and assets of $764K (revenue -3.6% year-over-year).
- 2018: Revenue of $80K, expenses of $88K, and assets of $799K (revenue +6.4% year-over-year).
- 2017: Revenue of $75K, expenses of $91K, and assets of $812K (revenue +22.3% year-over-year).
- 2016: Revenue of $61K, expenses of $95K, and assets of $833K (revenue -2.9% year-over-year).
- 2015: Revenue of $63K, expenses of $103K, and assets of $860K (revenue +2.9% year-over-year).
- 2014: Revenue of $61K, expenses of $94K, and assets of $897K (revenue -12.3% year-over-year).
- 2013: Revenue of $70K, expenses of $83K, and assets of $924K (revenue +53.6% year-over-year).
- 2012: Revenue of $45K, expenses of $79K, and assets of $934K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Adams Bodine Apartments Inc:
Data Sources and Methodology
This transparency report for Adams Bodine Apartments 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.