Api Nevada Properties Inc
Api Nevada Properties Inc faces persistent operating deficits and declining assets, with liabilities exceeding assets in recent years.
EIN: 200274482 · Las Vegas, NV · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $615K |
| Total Expenses | $1.0M |
| Program Spending | 70% |
| Net Assets | $-3,971,901 |
| Transparency Score | 45/100 |
Is Api Nevada Properties Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Api Nevada Properties Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Api Nevada Properties Inc
Api Nevada Properties Inc (EIN: 200274482) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code S47. The organization reported total revenue of $615K and total assets of $17.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Api Nevada Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Api Nevada Properties Inc is a small nonprofit that has been operating for 11 years, with 14 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 73.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $557K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-462,920 |
| Total Assets | $18.0M |
| Total Liabilities | $22.0M |
| Net Assets | $-3,971,901 |
| Operating Margin | -83.2% |
| Debt-to-Asset Ratio | 122.0% |
| Months of Reserves | 212.2 months |
Financial Health Grade: C
In 2023, Api Nevada Properties Inc reported a deficit of $463K with expenses exceeding revenue, holds 212.2 months of operating reserves (strong position), has a debt-to-asset ratio of 122.0% (high leverage).
Financial Trends
Over 14 years of filings (2009–2023), Api Nevada Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 73.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.7% | -1.9% | -4.8% |
| 2022 | -56.3% | -19.8% | -5.2% |
| 2021 | -7.7% | -0.8% | -4.9% |
| 2020 | -1.5% | -12.1% | -4.8% |
| 2019 | +8.7% | +2.4% | -4.6% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Api Nevada Properties Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Api Nevada Properties Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $463K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that no officer salaries are paid, which is a positive sign for resource allocation.
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 Api Nevada Properties Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $462,920 deficit in 2023)
- Declining asset base over the past decade (from $26.9M in 2014 to $18M in 2023)
- Liabilities exceeding assets in recent years (e.g., $22M liabilities vs. $18M assets in 2023)
- Significant decrease in revenue from 2020 ($1.35M) to 2023 ($0.55M)
Strengths
The following positive indicators were identified for Api Nevada Properties Inc:
- Consistent IRS 990 filing history (14 filings)
- No reported officer compensation, indicating efficient use of funds for executive pay
Frequently Asked Questions about Api Nevada Properties Inc
Is Api Nevada Properties Inc a legitimate charity?
Api Nevada Properties Inc (EIN: 200274482) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 45/100. It has 14 years of IRS 990 filings on record. Total revenue: $615K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Api Nevada Properties Inc spend its money?
Api Nevada Properties Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Api Nevada Properties Inc tax-deductible?
Api Nevada Properties Inc is registered as a tax-exempt nonprofit (EIN: 200274482). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Api Nevada Properties Inc's spending goes to programs?
Api Nevada Properties Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Api Nevada Properties Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Api Nevada Properties Inc is near average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Api Nevada Properties Inc located?
Api Nevada Properties Inc is headquartered in Las Vegas, Nevada and files with the IRS under EIN 200274482. It is classified under NTEE code S47.
How many years of IRS 990 filings does Api Nevada Properties Inc have?
Api Nevada Properties 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 $615K in total revenue.
Is Api Nevada Properties Inc financially sustainable?
Based on the consistent operating deficits (e.g., $1,019,524 expenses vs. $556,604 revenue in 2023) and declining assets, the organization's financial sustainability is questionable without significant changes to its revenue or expense structure.
Why are liabilities consistently higher than assets in recent years?
In 2023, liabilities were $22,004,720 while assets were $18,032,819. This indicates a negative net asset position, which is a significant financial concern and suggests the organization may be heavily indebted or facing solvency issues.
What is the primary cause of the consistent operating deficits?
The filings show expenses consistently exceeding revenue. For instance, in 2022, expenses were $1,038,939 against $547,084 in revenue. Without a detailed breakdown of expense categories, it's hard to pinpoint the exact cause, but it suggests either insufficient revenue generation or uncontrolled spending.
Filing History
IRS 990 filing history for Api Nevada Properties Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2023), Api Nevada Properties Inc's revenue has grown by 227085.3%, moving from $245 to $557K. Total assets increased by 55.9% over the same period, from $11.6M to $18.0M. Total functional expenses rose by 359.5%, from $222K to $1.0M. In its most recent filing year (2023), Api Nevada Properties Inc reported a deficit of $463K, with expenses exceeding revenue. The organization holds $22.0M in liabilities against $18.0M in assets (debt-to-asset ratio: 122.0%), resulting in net assets of $-3,971,901.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $557K | $1.0M | $18.0M | $22.0M | — | — |
| 2022 | $547K | $1.0M | $18.9M | $22.5M | — | — |
| 2021 | $1.3M | $1.3M | $20.0M | $23.0M | — | View 990 |
| 2020 | $1.4M | $1.3M | $21.0M | $29.7M | — | View 990 |
| 2019 | $1.4M | $1.5M | $22.1M | $30.8M | — | — |
| 2018 | $1.3M | $1.4M | $23.1M | $31.7M | — | View 990 |
| 2017 | $758K | $1.9M | $24.0M | $32.6M | — | View 990 |
| 2016 | $1.3M | $1.8M | $25.0M | $32.7M | — | View 990 |
| 2015 | $1.3M | $1.7M | $26.3M | $33.6M | — | View 990 |
| 2014 | $1.3M | $1.9M | $26.9M | $33.9M | — | View 990 |
| 2012 | $1.2M | $2.0M | $27.0M | $33.0M | — | — |
| 2011 | $0 | $2.1M | $27.7M | $33.1M | — | — |
| 2010 | $988 | $1.7M | $28.6M | $31.9M | — | — |
| 2009 | $245 | $222K | $11.6M | $13.0M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $557K, expenses of $1.0M, and assets of $18.0M (revenue +1.7% year-over-year).
- 2022: Revenue of $547K, expenses of $1.0M, and assets of $18.9M (revenue -56.3% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $20.0M (revenue -7.7% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $21.0M (revenue -1.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.5M, and assets of $22.1M (revenue +8.7% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.4M, and assets of $23.1M (revenue +66.9% year-over-year).
- 2017: Revenue of $758K, expenses of $1.9M, and assets of $24.0M (revenue -40.0% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.8M, and assets of $25.0M (revenue +0.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.7M, and assets of $26.3M (revenue +0.2% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.9M, and assets of $26.9M (revenue +4.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $2.0M, and assets of $27.0M.
- 2011: Revenue of $0, expenses of $2.1M, and assets of $27.7M (revenue -100.0% year-over-year).
- 2010: Revenue of $988, expenses of $1.7M, and assets of $28.6M (revenue +303.3% year-over-year).
- 2009: Revenue of $245, expenses of $222K, and assets of $11.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Api Nevada Properties Inc:
Data Sources and Methodology
This transparency report for Api Nevada Properties 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.