Allied Jewish Apartments Endowment
Allied Jewish Apartments Endowment maintains robust assets and minimal expenses, with zero officer compensation.
EIN: 204375532 · Denver, CO · NTEE: L11 · Updated: 2026-03-28
Is Allied Jewish Apartments Endowment Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allied Jewish Apartments Endowment directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Allied Jewish Apartments Endowment
Allied Jewish Apartments Endowment (EIN: 204375532) is a nonprofit organization based in Denver, CO, classified under NTEE code L11. The organization reported total revenue of $539K and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allied Jewish Apartments Endowment's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allied Jewish Apartments Endowment is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). 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 | $537K |
| Total Expenses | $52K |
| Surplus / Deficit | +$485K |
| Total Assets | $6.9M |
| Net Assets | $6.9M |
| Operating Margin | 90.3% |
| Months of Reserves | 1586.7 months |
Financial Health Grade: A
In 2023, Allied Jewish Apartments Endowment reported a surplus of $485K with revenue exceeding expenses, holds 1586.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Allied Jewish Apartments Endowment's revenue has declined at a compound annual growth rate (CAGR) of -6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +323.1% | -5.4% | +14.7% |
| 2022 | -66.8% | +13.3% | -17.7% |
| 2021 | +164.8% | -83.5% | +12.9% |
| 2020 | -32.2% | +587.3% | +6.7% |
| 2019 | -26.5% | -1.3% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Allied Jewish Apartments Endowment with a Mission Score of 95 out of 100 (Excellent). 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, Allied Jewish Apartments Endowment 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 surplus of $485K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers or key employees do not receive salaries from the endowment, which is highly commendable for an endowment fund.
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 Allied Jewish Apartments Endowment's IRS 990 filings:
- None identified based on the provided financial data.
Strengths
The following positive indicators were identified for Allied Jewish Apartments Endowment:
- Strong asset base ($7,538,441 in latest period)
- Zero liabilities reported across all filings, indicating excellent financial stability
- Extremely low operating expenses relative to revenue (e.g., $52,185 expenses vs. $537,278 revenue in 2023)
- Zero officer compensation reported, demonstrating high efficiency and dedication to mission
- Consistent IRS 990 filing history (13 filings), indicating good transparency
Frequently Asked Questions about Allied Jewish Apartments Endowment
Is Allied Jewish Apartments Endowment a legitimate charity?
Based on AI analysis of IRS 990 filings, Allied Jewish Apartments Endowment (EIN: 204375532) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Allied Jewish Apartments Endowment spend its money?
Allied Jewish Apartments Endowment directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Allied Jewish Apartments Endowment tax-deductible?
Allied Jewish Apartments Endowment is registered as a tax-exempt nonprofit (EIN: 204375532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Allied Jewish Apartments Endowment a good charity?
Yes, as an endowment, it demonstrates excellent financial management, with substantial assets ($7,538,441), zero liabilities, and extremely low operating expenses relative to its revenue. The absence of officer compensation further highlights its efficiency and dedication to its mission.
How does Allied Jewish Apartments Endowment manage its expenses?
The organization manages its expenses exceptionally well, consistently reporting very low expenses compared to its revenue. For example, in 2023, expenses were only $52,185 against $537,278 in revenue, indicating a highly efficient operation focused on asset preservation and growth.
What is the purpose of Allied Jewish Apartments Endowment?
Based on its NTEE code (L11 - Housing for the Elderly) and its function as an endowment, its purpose is likely to provide financial support and stability for the Allied Jewish Apartments, ensuring long-term resources for housing the elderly.
Filing History
IRS 990 filing history for Allied Jewish Apartments Endowment showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Allied Jewish Apartments Endowment's revenue has declined by 54.8%, moving from $1.2M to $537K. Total assets increased by 101.5% over the same period, from $3.4M to $6.9M. Total functional expenses fell by 79.9%, from $260K to $52K. In its most recent filing year (2023), Allied Jewish Apartments Endowment reported a surplus of $485K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $537K | $52K | $6.9M | $0 | — | — |
| 2022 | $127K | $55K | $6.0M | $0 | — | View 990 |
| 2021 | $383K | $49K | $7.3M | $0 | — | View 990 |
| 2020 | $145K | $295K | $6.5M | $0 | — | View 990 |
| 2019 | $213K | $43K | $6.1M | $0 | — | View 990 |
| 2018 | $290K | $43K | $5.0M | $0 | — | View 990 |
| 2017 | $833K | $291K | $5.5M | $0 | — | View 990 |
| 2016 | $199K | $290K | $4.9M | $0 | — | View 990 |
| 2015 | $476K | $287K | $5.0M | $0 | — | View 990 |
| 2014 | $251K | $130K | $4.9M | $0 | — | View 990 |
| 2013 | $770K | $220K | $4.9M | $0 | — | View 990 |
| 2012 | $597K | $207K | $4.2M | $0 | — | View 990 |
| 2011 | $1.2M | $260K | $3.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $537K, expenses of $52K, and assets of $6.9M (revenue +323.1% year-over-year).
- 2022: Revenue of $127K, expenses of $55K, and assets of $6.0M (revenue -66.8% year-over-year).
- 2021: Revenue of $383K, expenses of $49K, and assets of $7.3M (revenue +164.8% year-over-year).
- 2020: Revenue of $145K, expenses of $295K, and assets of $6.5M (revenue -32.2% year-over-year).
- 2019: Revenue of $213K, expenses of $43K, and assets of $6.1M (revenue -26.5% year-over-year).
- 2018: Revenue of $290K, expenses of $43K, and assets of $5.0M (revenue -65.2% year-over-year).
- 2017: Revenue of $833K, expenses of $291K, and assets of $5.5M (revenue +318.1% year-over-year).
- 2016: Revenue of $199K, expenses of $290K, and assets of $4.9M (revenue -58.2% year-over-year).
- 2015: Revenue of $476K, expenses of $287K, and assets of $5.0M (revenue +89.5% year-over-year).
- 2014: Revenue of $251K, expenses of $130K, and assets of $4.9M (revenue -67.4% year-over-year).
- 2013: Revenue of $770K, expenses of $220K, and assets of $4.9M (revenue +28.9% year-over-year).
- 2012: Revenue of $597K, expenses of $207K, and assets of $4.2M (revenue -49.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $260K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allied Jewish Apartments Endowment:
Data Sources and Methodology
This transparency report for Allied Jewish Apartments Endowment 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.