Armitage Commons Preservation Nfp
Armitage Commons Preservation Nfp faces persistent operating deficits and significant liabilities exceeding assets.
EIN: 203859675 · Chicago, IL · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Program Spending | 75% |
| Net Assets | $-5,493,370 |
| Transparency Score | 45/100 |
Is Armitage Commons Preservation Nfp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armitage Commons Preservation Nfp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Armitage Commons Preservation Nfp
Armitage Commons Preservation Nfp (EIN: 203859675) is a nonprofit organization based in Chicago, IL, classified under NTEE code L21. The organization reported total revenue of $1.6M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armitage Commons Preservation Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Armitage Commons Preservation Nfp is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$96K |
| Total Assets | $5.1M |
| Total Liabilities | $10.6M |
| Net Assets | $-5,493,370 |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 208.6% |
| Months of Reserves | 38.1 months |
Financial Health Grade: A
In 2023, Armitage Commons Preservation Nfp reported a surplus of $96K with revenue exceeding expenses, holds 38.1 months of operating reserves (strong position), has a debt-to-asset ratio of 208.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Armitage Commons Preservation Nfp's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | -12.8% | -1.4% |
| 2022 | -2.4% | +0.9% | -7.1% |
| 2021 | +5.5% | +10.1% | -1.8% |
| 2020 | +2.3% | -1.1% | -2.3% |
| 2019 | +2.8% | -66.6% | -4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Armitage Commons Preservation Nfp 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Armitage Commons Preservation Nfp allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $96K, with revenue exceeding expenses.
- Debt-to-asset ratio: 208.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or that compensation is categorized differently, which is a positive indicator for resource allocation to the mission.
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 Armitage Commons Preservation Nfp's IRS 990 filings:
- Persistent operating deficits in most recent years (e.g., $319,555 deficit in 2022, $265,770 in 2021).
- Liabilities consistently and significantly exceed assets (e.g., $10.5M liabilities vs. $5.0M assets in 2023).
- Declining asset base over the past several years (e.g., from $6.4M in 2014 to $5.0M in 2023).
Strengths
The following positive indicators were identified for Armitage Commons Preservation Nfp:
- Reported 0% officer compensation across all filings, indicating potential volunteer leadership or efficient use of funds for executive roles.
- Slight operating surplus reported in 2023 ($95,911), a positive shift from previous deficits.
Frequently Asked Questions about Armitage Commons Preservation Nfp
Is Armitage Commons Preservation Nfp a legitimate charity?
Armitage Commons Preservation Nfp (EIN: 203859675) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Armitage Commons Preservation Nfp spend its money?
Armitage Commons Preservation Nfp directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Armitage Commons Preservation Nfp tax-deductible?
Armitage Commons Preservation Nfp is registered as a tax-exempt nonprofit (EIN: 203859675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Armitage Commons Preservation Nfp's spending goes to programs?
Armitage Commons Preservation Nfp directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Armitage Commons Preservation Nfp compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Armitage Commons Preservation Nfp is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Armitage Commons Preservation Nfp located?
Armitage Commons Preservation Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 203859675. It is classified under NTEE code L21.
How many years of IRS 990 filings does Armitage Commons Preservation Nfp have?
Armitage Commons Preservation Nfp 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 $1.6M in total revenue.
How does Armitage Commons Preservation Nfp plan to address its consistent operating deficits?
The organization has consistently spent more than it earned in most recent years, with expenses exceeding revenue by $319,555 in 2022 and $265,770 in 2021. While 2023 showed a small surplus, a clear strategy for long-term financial stability is needed.
What is the nature of the organization's significant liabilities, which consistently exceed its assets?
In 2023, liabilities stood at $10,552,782 against assets of $5,059,412. This substantial imbalance suggests potential debt or other long-term obligations that could impact the organization's future operations.
Given the 0% officer compensation, how are the organization's leadership roles compensated or structured?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and suggests either a fully volunteer board/executive team or that compensation is reported under other expense categories.
What specific programs or initiatives does the organization fund, and how are they impacted by the financial challenges?
Without a detailed program expense breakdown, it's difficult to assess the direct impact on specific preservation efforts, but persistent deficits could lead to reduced program scope or quality.
Filing History
IRS 990 filing history for Armitage Commons Preservation Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Armitage Commons Preservation Nfp's revenue has grown by 31.4%, moving from $1.3M to $1.7M. Total assets decreased by 26.7% over the same period, from $6.9M to $5.1M. Total functional expenses rose by 19.6%, from $1.3M to $1.6M. In its most recent filing year (2023), Armitage Commons Preservation Nfp reported a surplus of $96K, with revenue exceeding expenses. The organization holds $10.6M in liabilities against $5.1M in assets (debt-to-asset ratio: 208.6%), resulting in net assets of $-5,493,370.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $5.1M | $10.6M | — | — |
| 2022 | $1.5M | $1.8M | $5.1M | $10.7M | — | View 990 |
| 2021 | $1.5M | $1.8M | $5.5M | $10.8M | — | View 990 |
| 2020 | $1.5M | $1.6M | $5.6M | $10.6M | — | — |
| 2019 | $1.4M | $1.7M | $5.8M | $10.6M | — | View 990 |
| 2018 | $1.4M | $5.0M | $6.0M | $10.6M | — | View 990 |
| 2017 | $1.4M | $1.5M | $5.9M | $6.9M | — | View 990 |
| 2016 | $1.3M | $1.4M | $6.1M | $7.0M | — | View 990 |
| 2015 | $1.3M | $1.4M | $6.3M | $7.1M | — | View 990 |
| 2014 | $1.3M | $1.4M | $6.4M | $7.2M | — | View 990 |
| 2013 | $1.3M | $1.4M | $6.6M | $7.3M | — | View 990 |
| 2012 | $1.3M | $1.3M | $6.8M | $7.4M | — | View 990 |
| 2011 | $1.3M | $1.3M | $6.9M | $7.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $5.1M (revenue +12.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.8M, and assets of $5.1M (revenue -2.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.8M, and assets of $5.5M (revenue +5.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $5.6M (revenue +2.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.7M, and assets of $5.8M (revenue +2.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $5.0M, and assets of $6.0M (revenue +0.4% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $5.9M (revenue +3.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $6.1M (revenue +1.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $6.3M (revenue +1.7% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $6.4M (revenue -1.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $6.6M (revenue +1.6% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $6.8M (revenue +1.1% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Armitage Commons Preservation Nfp:
Data Sources and Methodology
This transparency report for Armitage Commons Preservation Nfp 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.