Alternative Living Concepts Inc
EIN: 50442015 · Providence, RI · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $978K |
| Total Expenses | $701K |
| Net Assets | $519K |
Is Alternative Living Concepts Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alternative Living Concepts Inc
Alternative Living Concepts Inc (EIN: 50442015) is a nonprofit organization based in Providence, RI, classified under NTEE code L20Z. The organization reported total revenue of $978K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alternative Living Concepts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alternative Living Concepts Inc is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $555K |
| Total Expenses | $701K |
| Surplus / Deficit | $-145,558 |
| Total Assets | $1.4M |
| Total Liabilities | $857K |
| Net Assets | $519K |
| Operating Margin | -26.2% |
| Debt-to-Asset Ratio | 62.3% |
| Months of Reserves | 23.6 months |
Financial Health Grade: C
In 2023, Alternative Living Concepts Inc reported a deficit of $146K with expenses exceeding revenue, holds 23.6 months of operating reserves (strong position), has a debt-to-asset ratio of 62.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Alternative Living Concepts Inc's revenue has grown at a compound annual growth rate (CAGR) of 29.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.1% | -12.0% | -7.3% |
| 2022 | +27.9% | +26.5% | -3.5% |
| 2021 | +10.1% | -2.9% | +3.7% |
| 2020 | +7.9% | +4.9% | -5.9% |
| 2019 | +9.8% | +4.7% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alternative Living Concepts 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 Alternative Living Concepts 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 $146K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.3%.
Frequently Asked Questions about Alternative Living Concepts Inc
Is Alternative Living Concepts Inc a legitimate charity?
Alternative Living Concepts Inc (EIN: 50442015) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $978K. No red flags identified. Financial health grade: C.
How does Alternative Living Concepts Inc spend its money?
Alternative Living Concepts Inc reported $978K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alternative Living Concepts Inc tax-deductible?
Alternative Living Concepts Inc is registered as a tax-exempt nonprofit (EIN: 50442015). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alternative Living Concepts Inc located?
Alternative Living Concepts Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 50442015. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Alternative Living Concepts Inc have?
Alternative Living Concepts Inc has 14 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 $978K in total revenue.
Filing History
IRS 990 filing history for Alternative Living Concepts Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Alternative Living Concepts Inc's revenue has grown by 2016.3%, moving from $26K to $555K. Total assets increased by 368.1% over the same period, from $294K to $1.4M. Total functional expenses rose by 1183.2%, from $55K to $701K. In its most recent filing year (2023), Alternative Living Concepts Inc reported a deficit of $146K, with expenses exceeding revenue. The organization holds $857K in liabilities against $1.4M in assets (debt-to-asset ratio: 62.3%), resulting in net assets of $519K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $555K | $701K | $1.4M | $857K | — | — |
| 2022 | $669K | $796K | $1.5M | $819K | — | — |
| 2021 | $523K | $629K | $1.5M | $745K | — | View 990 |
| 2020 | $475K | $647K | $1.5M | $584K | — | — |
| 2019 | $441K | $617K | $1.6M | $505K | — | View 990 |
| 2018 | $401K | $589K | $1.6M | $339K | — | View 990 |
| 2017 | $1.8M | $434K | $1.7M | $287K | — | View 990 |
| 2016 | $47K | $46K | $285K | $281K | — | View 990 |
| 2015 | $12K | $14K | $288K | $285K | — | View 990 |
| 2015 | $45K | $59K | $285K | $280K | — | View 990 |
| 2014 | $50K | $59K | $290K | $272K | — | View 990 |
| 2013 | $47K | $58K | $292K | $265K | — | View 990 |
| 2012 | $25K | $56K | $290K | $252K | — | View 990 |
| 2011 | $26K | $55K | $294K | $225K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $555K, expenses of $701K, and assets of $1.4M (revenue -17.1% year-over-year).
- 2022: Revenue of $669K, expenses of $796K, and assets of $1.5M (revenue +27.9% year-over-year).
- 2021: Revenue of $523K, expenses of $629K, and assets of $1.5M (revenue +10.1% year-over-year).
- 2020: Revenue of $475K, expenses of $647K, and assets of $1.5M (revenue +7.9% year-over-year).
- 2019: Revenue of $441K, expenses of $617K, and assets of $1.6M (revenue +9.8% year-over-year).
- 2018: Revenue of $401K, expenses of $589K, and assets of $1.6M (revenue -78.2% year-over-year).
- 2017: Revenue of $1.8M, expenses of $434K, and assets of $1.7M (revenue +3840.9% year-over-year).
- 2016: Revenue of $47K, expenses of $46K, and assets of $285K (revenue +285.2% year-over-year).
- 2015: Revenue of $12K, expenses of $14K, and assets of $288K (revenue -73.1% year-over-year).
- 2015: Revenue of $45K, expenses of $59K, and assets of $285K (revenue -10.1% year-over-year).
- 2014: Revenue of $50K, expenses of $59K, and assets of $290K (revenue +5.9% year-over-year).
- 2013: Revenue of $47K, expenses of $58K, and assets of $292K (revenue +91.7% year-over-year).
- 2012: Revenue of $25K, expenses of $56K, and assets of $290K (revenue -5.8% year-over-year).
- 2011: Revenue of $26K, expenses of $55K, and assets of $294K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alternative Living Concepts Inc:
Data Sources and Methodology
This transparency report for Alternative Living Concepts 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.