Allegre Point Senior Residences Inc
Allegre Point Senior Residences consistently operates at a deficit, drawing down assets despite zero officer compensation.
EIN: 204295472 · Denver, CO · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $573K |
| Total Expenses | $744K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.2M |
| Transparency Score | 75/100 |
Is Allegre Point Senior Residences Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allegre Point Senior Residences Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Allegre Point Senior Residences Inc
Allegre Point Senior Residences Inc (EIN: 204295472) is a nonprofit organization based in Denver, CO, classified under NTEE code L22. The organization reported total revenue of $573K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allegre Point Senior Residences Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allegre Point Senior Residences Inc is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $491K |
| Total Expenses | $744K |
| Surplus / Deficit | $-252,969 |
| Total Assets | $3.3M |
| Total Liabilities | $76K |
| Net Assets | $3.2M |
| Operating Margin | -51.5% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 52.9 months |
Financial Health Grade: B
In 2023, Allegre Point Senior Residences Inc reported a deficit of $253K with expenses exceeding revenue, holds 52.9 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Allegre Point Senior Residences Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.3% | +11.3% | -7.1% |
| 2022 | +4.2% | -3.5% | -4.6% |
| 2021 | +0.8% | +5.3% | -4.8% |
| 2020 | +7.5% | +1.0% | -4.7% |
| 2019 | +5.9% | +0.8% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Allegre Point Senior Residences Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Allegre Point Senior Residences Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $253K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly commendable for an organization of this size with over $3 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Allegre Point Senior Residences Inc's IRS 990 filings:
- Consistent operational deficits over a decade (e.g., $252,969 deficit in 2023).
- Declining asset base (from $5.2M in 2014 to $3.2M in 2023) due to deficits.
Strengths
The following positive indicators were identified for Allegre Point Senior Residences Inc:
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Consistent IRS 990 filing history (13 filings), demonstrating transparency.
- Maintains a healthy asset-to-liability ratio (e.g., $3.2M assets vs. $75K liabilities in 2023).
Frequently Asked Questions about Allegre Point Senior Residences Inc
Is Allegre Point Senior Residences Inc a legitimate charity?
Allegre Point Senior Residences Inc (EIN: 204295472) is a registered tax-exempt nonprofit based in Colorado. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $573K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Allegre Point Senior Residences Inc spend its money?
Allegre Point Senior Residences Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Allegre Point Senior Residences Inc tax-deductible?
Allegre Point Senior Residences Inc is registered as a tax-exempt nonprofit (EIN: 204295472). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Allegre Point Senior Residences Inc CEO make?
Allegre Point Senior Residences Inc's highest-compensated officer earns $3 annually. The organization reported $573K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Allegre Point Senior Residences Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Allegre Point Senior Residences Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Allegre Point Senior Residences Inc located?
Allegre Point Senior Residences Inc is headquartered in Denver, Colorado and files with the IRS under EIN 204295472. It is classified under NTEE code L22.
How many years of IRS 990 filings does Allegre Point Senior Residences Inc have?
Allegre Point Senior Residences Inc has 13 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 $573K in total revenue.
Is Allegre Point Senior Residences Inc. financially sustainable in the long term?
The organization has consistently operated at a deficit for over a decade, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $744,461 against revenues of $491,492. This trend has led to a significant decline in assets from $5,216,357 in 2014 to $3,280,239 in 2023, raising concerns about long-term sustainability without a change in financial strategy.
How does the organization manage its operational costs given the consistent deficits?
The consistent deficits suggest that the organization is covering its operational costs by drawing down its existing asset base. While assets remain substantial at $3,280,239 in 2023, this is not a sustainable long-term strategy.
What is the impact of 0% officer compensation on the organization's finances?
The 0% officer compensation is a significant positive, indicating that no funds are being used for executive salaries. This suggests a highly dedicated, volunteer-driven leadership, which maximizes the allocation of available funds towards the mission or operational expenses. However, even with this efficiency, the organization still faces substantial deficits.
Filing History
IRS 990 filing history for Allegre Point Senior Residences Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Allegre Point Senior Residences Inc's revenue has grown by 35.8%, moving from $362K to $491K. Total assets decreased by 44.3% over the same period, from $5.9M to $3.3M. Total functional expenses rose by 43.6%, from $518K to $744K. In its most recent filing year (2023), Allegre Point Senior Residences Inc reported a deficit of $253K, with expenses exceeding revenue. The organization holds $76K in liabilities against $3.3M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $491K | $744K | $3.3M | $76K | — | — |
| 2022 | $503K | $669K | $3.5M | $72K | — | — |
| 2021 | $483K | $693K | $3.7M | $78K | — | View 990 |
| 2020 | $479K | $658K | $3.9M | $56K | — | View 990 |
| 2019 | $445K | $651K | $4.1M | $67K | — | View 990 |
| 2018 | $421K | $646K | $4.3M | $49K | — | View 990 |
| 2017 | $423K | $631K | $4.5M | $103K | — | View 990 |
| 2016 | $385K | $645K | $4.7M | $83K | — | View 990 |
| 2015 | $341K | $588K | $5.0M | $67K | — | View 990 |
| 2014 | $322K | $560K | $5.2M | $57K | — | View 990 |
| 2013 | $323K | $557K | $5.4M | $52K | — | View 990 |
| 2012 | $314K | $528K | $5.7M | $62K | — | View 990 |
| 2011 | $362K | $518K | $5.9M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $491K, expenses of $744K, and assets of $3.3M (revenue -2.3% year-over-year).
- 2022: Revenue of $503K, expenses of $669K, and assets of $3.5M (revenue +4.2% year-over-year).
- 2021: Revenue of $483K, expenses of $693K, and assets of $3.7M (revenue +0.8% year-over-year).
- 2020: Revenue of $479K, expenses of $658K, and assets of $3.9M (revenue +7.5% year-over-year).
- 2019: Revenue of $445K, expenses of $651K, and assets of $4.1M (revenue +5.9% year-over-year).
- 2018: Revenue of $421K, expenses of $646K, and assets of $4.3M (revenue -0.5% year-over-year).
- 2017: Revenue of $423K, expenses of $631K, and assets of $4.5M (revenue +9.7% year-over-year).
- 2016: Revenue of $385K, expenses of $645K, and assets of $4.7M (revenue +13.0% year-over-year).
- 2015: Revenue of $341K, expenses of $588K, and assets of $5.0M (revenue +5.9% year-over-year).
- 2014: Revenue of $322K, expenses of $560K, and assets of $5.2M (revenue -0.3% year-over-year).
- 2013: Revenue of $323K, expenses of $557K, and assets of $5.4M (revenue +2.7% year-over-year).
- 2012: Revenue of $314K, expenses of $528K, and assets of $5.7M (revenue -13.2% year-over-year).
- 2011: Revenue of $362K, expenses of $518K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allegre Point Senior Residences Inc:
Data Sources and Methodology
This transparency report for Allegre Point Senior Residences 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.