Ardeon Realty Corp
Ardeon Realty Corp shows fluctuating revenues and expenses with consistent asset growth and no reported officer compensation.
EIN: 131822756 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $40K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $22 |
| Net Assets | $22.2M |
| Transparency Score | 65/100 |
Is Ardeon Realty Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ardeon Realty Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ardeon Realty Corp
Ardeon Realty Corp (EIN: 131822756) is a nonprofit organization based in New York, NY. The organization reported total revenue of $4.9M and total assets of $27.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ardeon Realty Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ardeon Realty Corp is a mid-size nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $40K |
| Surplus / Deficit | +$4.8M |
| Total Assets | $22.6M |
| Total Liabilities | $398K |
| Net Assets | $22.2M |
| Operating Margin | 99.2% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 6729.5 months |
Financial Health Grade: A
In 2023, Ardeon Realty Corp reported a surplus of $4.8M with revenue exceeding expenses, holds 6729.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ardeon Realty Corp's revenue has grown at a compound annual growth rate (CAGR) of 39.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | +475.9% | +23.2% |
| 2022 | +-0.0% | -99.7% | +65.0% |
| 2021 | -66.9% | -55.1% | +30.6% |
| 2020 | +345.8% | +17.8% | +17.1% |
| 2019 | -21.2% | -34.0% | -31.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Ardeon Realty Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Ardeon Realty Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a volunteer-led leadership or that compensation is handled through an external entity, which is unusual for an organization with assets exceeding $22 million.
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 Ardeon Realty Corp's IRS 990 filings:
- Unknown NTEE code, hindering understanding of mission and purpose.
- Significant fluctuations in revenue and expenses without clear explanations.
- Extremely low expenses in some years relative to revenue, raising questions about program spending.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
Strengths
The following positive indicators were identified for Ardeon Realty Corp:
- Consistent asset growth, from $4,077,376 in 2017 to $22,639,820 in 2023, indicating financial stability.
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or efficient management of executive costs.
- Positive revenue generation in recent years (e.g., $4,881,432 in 2023).
Frequently Asked Questions about Ardeon Realty Corp
Is Ardeon Realty Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Ardeon Realty Corp (EIN: 131822756) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Ardeon Realty Corp spend its money?
Ardeon Realty Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ardeon Realty Corp tax-deductible?
Ardeon Realty Corp is registered as a tax-exempt nonprofit (EIN: 131822756). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ardeon Realty Corp CEO make?
Ardeon Realty Corp's highest-compensated officer earns $22 annually. The organization reported $4.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ardeon Realty Corp's spending goes to programs?
Ardeon Realty Corp directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ardeon Realty Corp located?
Ardeon Realty Corp is headquartered in New York, New York and files with the IRS under EIN 131822756.
How many years of IRS 990 filings does Ardeon Realty Corp have?
Ardeon Realty Corp has 13 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 $4.9M in total revenue.
What is the specific mission and program activities of Ardeon Realty Corp, given its NTEE code is unknown?
The provided data does not specify the NTEE code or detailed mission, making it difficult to understand the organization's core purpose and program activities.
Why are expenses so low in some years (e.g., $7,010 in 2022) compared to revenue, and how is the remaining revenue utilized?
The significant disparity between revenue and expenses in certain years suggests that a large portion of revenue is either retained, invested, or used for purposes not categorized as 'expenses' in the provided summary, leading to asset growth.
How does Ardeon Realty Corp manage its operations and leadership without any reported officer compensation?
The consistent 0% officer compensation implies that leadership is either entirely volunteer-based or compensated through an affiliated entity, which would require further investigation to understand the operational model.
What is the nature of the large revenue spike in 2020 ($14,383,999) and the subsequent return to lower levels?
The data does not provide details on the source of this significant revenue increase, making it unclear if it was a one-time event, a major grant, or a specific project.
Filing History
IRS 990 filing history for Ardeon Realty Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ardeon Realty Corp's revenue has grown by 5503.5%, moving from $87K to $4.9M. Total assets increased by 298.3% over the same period, from $5.7M to $22.6M. In its most recent filing year (2023), Ardeon Realty Corp reported a surplus of $4.8M, with revenue exceeding expenses. The organization holds $398K in liabilities against $22.6M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $22.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $40K | $22.6M | $398K | — | — |
| 2022 | $4.8M | $7K | $18.4M | $398K | — | View 990 |
| 2021 | $4.8M | $2.0M | $11.1M | $447K | — | View 990 |
| 2020 | $14.4M | $4.5M | $8.5M | $560K | — | View 990 |
| 2019 | $3.2M | $3.8M | $7.3M | $9.2M | — | View 990 |
| 2018 | $4.1M | $5.8M | $10.7M | $12.0M | — | View 990 |
| 2017 | $-1,899,757 | $0 | $4.1M | $3.6M | — | View 990 |
| 2016 | $-812,664 | $0 | $4.1M | $1.8M | — | View 990 |
| 2015 | $-658,724 | $0 | $4.2M | $1.0M | — | View 990 |
| 2014 | $-327,033 | $0 | $5.0M | $1.1M | — | View 990 |
| 2013 | $-122,156 | $0 | $4.9M | $699K | — | View 990 |
| 2012 | $-124,604 | $0 | $4.9M | $635K | — | View 990 |
| 2011 | $87K | $0 | $5.7M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $40K, and assets of $22.6M (revenue +2.7% year-over-year).
- 2022: Revenue of $4.8M, expenses of $7K, and assets of $18.4M (revenue +-0.0% year-over-year).
- 2021: Revenue of $4.8M, expenses of $2.0M, and assets of $11.1M (revenue -66.9% year-over-year).
- 2020: Revenue of $14.4M, expenses of $4.5M, and assets of $8.5M (revenue +345.8% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.8M, and assets of $7.3M (revenue -21.2% year-over-year).
- 2018: Revenue of $4.1M, expenses of $5.8M, and assets of $10.7M.
- 2017: Revenue of $-1,899,757, expenses of $0, and assets of $4.1M.
- 2016: Revenue of $-812,664, expenses of $0, and assets of $4.1M.
- 2015: Revenue of $-658,724, expenses of $0, and assets of $4.2M.
- 2014: Revenue of $-327,033, expenses of $0, and assets of $5.0M.
- 2013: Revenue of $-122,156, expenses of $0, and assets of $4.9M.
- 2012: Revenue of $-124,604, expenses of $0, and assets of $4.9M (revenue -243.0% year-over-year).
- 2011: Revenue of $87K, expenses of $0, and assets of $5.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ardeon Realty Corp:
Data Sources and Methodology
This transparency report for Ardeon Realty Corp 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.