Alverno Housng Corporation
EIN: 391441818 · Jefferson, WI · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $513K |
| Total Expenses | $346K |
| Net Assets | $541K |
Is Alverno Housng Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Alverno Housng Corporation
Alverno Housng Corporation (EIN: 391441818) is a nonprofit organization based in Jefferson, WI, classified under NTEE code L21. The organization reported total revenue of $513K and total assets of $984K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alverno Housng Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alverno Housng Corporation is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $461K |
| Total Expenses | $346K |
| Surplus / Deficit | +$114K |
| Total Assets | $902K |
| Total Liabilities | $361K |
| Net Assets | $541K |
| Operating Margin | 24.8% |
| Debt-to-Asset Ratio | 40.0% |
| Months of Reserves | 31.3 months |
Financial Health Grade: A
In 2023, Alverno Housng Corporation reported a surplus of $114K with revenue exceeding expenses, holds 31.3 months of operating reserves (strong position), has a debt-to-asset ratio of 40.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Alverno Housng Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +7.1% | +5.9% |
| 2022 | +17.2% | +-0.0% | +8.3% |
| 2021 | +1.5% | -0.4% | +8.5% |
| 2020 | +13.4% | +12.0% | +1.0% |
| 2019 | -1.8% | +1.2% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Alverno Housng Corporation 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 Alverno Housng Corporation 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 surplus of $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 40.0%.
Frequently Asked Questions about Alverno Housng Corporation
Is Alverno Housng Corporation a legitimate charity?
Alverno Housng Corporation (EIN: 391441818) is a registered tax-exempt nonprofit based in Wisconsin. It has 12 years of IRS 990 filings on record. Total revenue: $513K. No red flags identified. Financial health grade: A.
How does Alverno Housng Corporation spend its money?
Alverno Housng Corporation reported $513K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Alverno Housng Corporation tax-deductible?
Alverno Housng Corporation is registered as a tax-exempt nonprofit (EIN: 391441818). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Alverno Housng Corporation located?
Alverno Housng Corporation is headquartered in Jefferson, Wisconsin and files with the IRS under EIN 391441818. It is classified under NTEE code L21.
How many years of IRS 990 filings does Alverno Housng Corporation have?
Alverno Housng Corporation 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 $513K in total revenue.
Filing History
IRS 990 filing history for Alverno Housng Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Alverno Housng Corporation's revenue has grown by 36.1%, moving from $338K to $461K. Total assets increased by 21.6% over the same period, from $742K to $902K. Total functional expenses rose by 0.4%, from $345K to $346K. In its most recent filing year (2023), Alverno Housng Corporation reported a surplus of $114K, with revenue exceeding expenses. The organization holds $361K in liabilities against $902K in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $541K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $461K | $346K | $902K | $361K | — | View 990 |
| 2022 | $458K | $324K | $852K | $425K | — | View 990 |
| 2021 | $391K | $324K | $787K | $494K | — | — |
| 2020 | $385K | $325K | $725K | $499K | — | View 990 |
| 2019 | $339K | $290K | $718K | $552K | — | View 990 |
| 2018 | $345K | $287K | $717K | $600K | — | View 990 |
| 2017 | $335K | $303K | $739K | $681K | — | View 990 |
| 2016 | $328K | $294K | $790K | $764K | — | View 990 |
| 2015 | $325K | $312K | $825K | $834K | — | View 990 |
| 2014 | $321K | $352K | $892K | $914K | — | View 990 |
| 2013 | $347K | $390K | $946K | $937K | — | View 990 |
| 2012 | $338K | $345K | $742K | $689K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $461K, expenses of $346K, and assets of $902K (revenue +0.6% year-over-year).
- 2022: Revenue of $458K, expenses of $324K, and assets of $852K (revenue +17.2% year-over-year).
- 2021: Revenue of $391K, expenses of $324K, and assets of $787K (revenue +1.5% year-over-year).
- 2020: Revenue of $385K, expenses of $325K, and assets of $725K (revenue +13.4% year-over-year).
- 2019: Revenue of $339K, expenses of $290K, and assets of $718K (revenue -1.8% year-over-year).
- 2018: Revenue of $345K, expenses of $287K, and assets of $717K (revenue +3.0% year-over-year).
- 2017: Revenue of $335K, expenses of $303K, and assets of $739K (revenue +2.1% year-over-year).
- 2016: Revenue of $328K, expenses of $294K, and assets of $790K (revenue +1.0% year-over-year).
- 2015: Revenue of $325K, expenses of $312K, and assets of $825K (revenue +1.5% year-over-year).
- 2014: Revenue of $321K, expenses of $352K, and assets of $892K (revenue -7.5% year-over-year).
- 2013: Revenue of $347K, expenses of $390K, and assets of $946K (revenue +2.4% year-over-year).
- 2012: Revenue of $338K, expenses of $345K, and assets of $742K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alverno Housng Corporation:
Data Sources and Methodology
This transparency report for Alverno Housng Corporation 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.