Apartments At Saint Elizabeth
EIN: 264674145 · Newark, NJ · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $265K |
| Net Assets | $2.6M |
Is Apartments At Saint Elizabeth Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Apartments At Saint Elizabeth
Apartments At Saint Elizabeth (EIN: 264674145) is a nonprofit organization based in Newark, NJ, classified under NTEE code L20. The organization reported total revenue of $194K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Apartments At Saint Elizabeth's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Apartments At Saint Elizabeth is a small nonprofit that has been operating for 6 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $197K |
| Total Expenses | $265K |
| Surplus / Deficit | $-68,183 |
| Total Assets | $2.6M |
| Total Liabilities | $81K |
| Net Assets | $2.6M |
| Operating Margin | -34.6% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 119.3 months |
Financial Health Grade: B
In 2023, Apartments At Saint Elizabeth reported a deficit of $68K with expenses exceeding revenue, holds 119.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Apartments At Saint Elizabeth's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +1.8% | -2.7% |
| 2022 | +0.8% | -3.0% | -2.5% |
| 2021 | +10.8% | +17.1% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Apartments At Saint Elizabeth 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 Apartments At Saint Elizabeth 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 $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Frequently Asked Questions about Apartments At Saint Elizabeth
Is Apartments At Saint Elizabeth a legitimate charity?
Apartments At Saint Elizabeth (EIN: 264674145) is a registered tax-exempt nonprofit based in New Jersey. It has 4 years of IRS 990 filings on record. Total revenue: $194K. No red flags identified. Financial health grade: B.
How does Apartments At Saint Elizabeth spend its money?
Apartments At Saint Elizabeth reported $194K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Apartments At Saint Elizabeth tax-deductible?
Apartments At Saint Elizabeth is registered as a tax-exempt nonprofit (EIN: 264674145). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Apartments At Saint Elizabeth located?
Apartments At Saint Elizabeth is headquartered in Newark, New Jersey and files with the IRS under EIN 264674145. It is classified under NTEE code L20.
How many years of IRS 990 filings does Apartments At Saint Elizabeth have?
Apartments At Saint Elizabeth has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $194K in total revenue.
Filing History
IRS 990 filing history for Apartments At Saint Elizabeth showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Apartments At Saint Elizabeth's revenue has grown by 21.3%, moving from $162K to $197K. Total assets decreased by 7.8% over the same period, from $2.9M to $2.6M. Total functional expenses rose by 15.7%, from $229K to $265K. In its most recent filing year (2023), Apartments At Saint Elizabeth reported a deficit of $68K, with expenses exceeding revenue. The organization holds $81K in liabilities against $2.6M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $197K | $265K | $2.6M | $81K | — | View 990 |
| 2022 | $181K | $260K | $2.7M | $85K | — | — |
| 2021 | $180K | $268K | $2.8M | $74K | — | View 990 |
| 2020 | $162K | $229K | $2.9M | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $197K, expenses of $265K, and assets of $2.6M (revenue +8.7% year-over-year).
- 2022: Revenue of $181K, expenses of $260K, and assets of $2.7M (revenue +0.8% year-over-year).
- 2021: Revenue of $180K, expenses of $268K, and assets of $2.8M (revenue +10.8% year-over-year).
- 2020: Revenue of $162K, expenses of $229K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Apartments At Saint Elizabeth:
Data Sources and Methodology
This transparency report for Apartments At Saint Elizabeth 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.