Ambassador Senior Residence Inc
EIN: 270768599 · Gary, IN · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $299K |
| Net Assets | $-18,709 |
Is Ambassador Senior Residence Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ambassador Senior Residence Inc
Ambassador Senior Residence Inc (EIN: 270768599) is a nonprofit organization based in Gary, IN, classified under NTEE code L22. The organization reported total revenue of $248K and total assets of $83 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ambassador Senior Residence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ambassador Senior Residence Inc is a small nonprofit that has been operating for 11 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $299K |
| Surplus / Deficit | +$6K |
| Total Assets | $12K |
| Total Liabilities | $31K |
| Net Assets | $-18,709 |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 251.6% |
| Months of Reserves | 0.5 months |
Financial Health Grade: B
In 2023, Ambassador Senior Residence Inc reported a surplus of $6K with revenue exceeding expenses, holds 0.5 months of operating reserves (limited), has a debt-to-asset ratio of 251.6% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Ambassador Senior Residence Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +38.3% | +30.0% | +115.1% |
| 2022 | -0.6% | +1.4% | -22.4% |
| 2021 | +1.2% | +5.7% | -20.9% |
| 2020 | +8.2% | +3.9% | +18.3% |
| 2019 | -2.7% | -3.1% | +14.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ambassador Senior Residence 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 Ambassador Senior Residence 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 251.6%.
Frequently Asked Questions about Ambassador Senior Residence Inc
Is Ambassador Senior Residence Inc a legitimate charity?
Ambassador Senior Residence Inc (EIN: 270768599) is a registered tax-exempt nonprofit based in Indiana. It has 11 years of IRS 990 filings on record. Total revenue: $248K. No red flags identified. Financial health grade: B.
How does Ambassador Senior Residence Inc spend its money?
Ambassador Senior Residence Inc reported $248K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ambassador Senior Residence Inc tax-deductible?
Ambassador Senior Residence Inc is registered as a tax-exempt nonprofit (EIN: 270768599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ambassador Senior Residence Inc located?
Ambassador Senior Residence Inc is headquartered in Gary, Indiana and files with the IRS under EIN 270768599. It is classified under NTEE code L22.
How many years of IRS 990 filings does Ambassador Senior Residence Inc have?
Ambassador Senior Residence Inc has 11 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 $248K in total revenue.
Filing History
IRS 990 filing history for Ambassador Senior Residence Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Ambassador Senior Residence Inc's revenue has grown by 59.1%, moving from $192K to $305K. Total assets increased by 86.5% over the same period, from $7K to $12K. Total functional expenses rose by 57.9%, from $189K to $299K. In its most recent filing year (2023), Ambassador Senior Residence Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $31K in liabilities against $12K in assets (debt-to-asset ratio: 251.6%), resulting in net assets of $-18,709.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $305K | $299K | $12K | $31K | — | — |
| 2022 | $221K | $230K | $6K | $31K | — | View 990 |
| 2021 | $222K | $227K | $7K | $23K | — | View 990 |
| 2020 | $220K | $215K | $9K | $21K | — | View 990 |
| 2019 | $203K | $206K | $8K | $24K | — | View 990 |
| 2018 | $209K | $213K | $7K | $18K | — | View 990 |
| 2017 | $191K | $195K | $10K | $17K | — | View 990 |
| 2016 | $183K | $186K | $11K | $13K | — | View 990 |
| 2015 | $164K | $168K | $9K | $9K | — | View 990 |
| 2014 | $183K | $182K | $7K | $3K | — | View 990 |
| 2013 | $192K | $189K | $7K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $305K, expenses of $299K, and assets of $12K (revenue +38.3% year-over-year).
- 2022: Revenue of $221K, expenses of $230K, and assets of $6K (revenue -0.6% year-over-year).
- 2021: Revenue of $222K, expenses of $227K, and assets of $7K (revenue +1.2% year-over-year).
- 2020: Revenue of $220K, expenses of $215K, and assets of $9K (revenue +8.2% year-over-year).
- 2019: Revenue of $203K, expenses of $206K, and assets of $8K (revenue -2.7% year-over-year).
- 2018: Revenue of $209K, expenses of $213K, and assets of $7K (revenue +9.2% year-over-year).
- 2017: Revenue of $191K, expenses of $195K, and assets of $10K (revenue +4.4% year-over-year).
- 2016: Revenue of $183K, expenses of $186K, and assets of $11K (revenue +11.5% year-over-year).
- 2015: Revenue of $164K, expenses of $168K, and assets of $9K (revenue -10.3% year-over-year).
- 2014: Revenue of $183K, expenses of $182K, and assets of $7K (revenue -4.8% year-over-year).
- 2013: Revenue of $192K, expenses of $189K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ambassador Senior Residence Inc:
Data Sources and Methodology
This transparency report for Ambassador Senior Residence 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.