Ashunti Residential Management
EIN: 363852542 · Chicago, IL
| Metric | Value |
|---|---|
| Total Revenue | $579K |
| Total Expenses | $542K |
| Net Assets | $-30,850 |
Is Ashunti Residential Management Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ashunti Residential Management
Ashunti Residential Management (EIN: 363852542) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $579K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ashunti Residential Management's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ashunti Residential Management is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2009–2022). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $511K |
| Total Expenses | $542K |
| Surplus / Deficit | $-30,850 |
| Total Assets | $479K |
| Total Liabilities | $510K |
| Net Assets | $-30,850 |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 106.4% |
| Months of Reserves | 10.6 months |
Financial Health Grade: C
In 2022, Ashunti Residential Management reported a deficit of $31K with expenses exceeding revenue, holds 10.6 months of operating reserves (strong position), has a debt-to-asset ratio of 106.4% (high leverage).
Financial Trends
Over 14 years of filings (2009–2022), Ashunti Residential Management's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -2.8% | +31.4% | +84.6% |
| 2021 | +11.3% | -6.3% | +8.0% |
| 2020 | +19.9% | +21.0% | +16.2% |
| 2019 | -17.3% | -24.5% | -5.1% |
| 2018 | -7.4% | +20.3% | +2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ashunti Residential Management 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 Ashunti Residential Management 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.4%.
Frequently Asked Questions about Ashunti Residential Management
Is Ashunti Residential Management a legitimate charity?
Ashunti Residential Management (EIN: 363852542) is a registered tax-exempt nonprofit based in Illinois. It has 14 years of IRS 990 filings on record. Total revenue: $579K. No red flags identified. Financial health grade: C.
How does Ashunti Residential Management spend its money?
Ashunti Residential Management reported $579K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ashunti Residential Management tax-deductible?
Ashunti Residential Management is registered as a tax-exempt nonprofit (EIN: 363852542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ashunti Residential Management located?
Ashunti Residential Management is headquartered in Chicago, Illinois and files with the IRS under EIN 363852542.
How many years of IRS 990 filings does Ashunti Residential Management have?
Ashunti Residential Management 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 $579K in total revenue.
Filing History
IRS 990 filing history for Ashunti Residential Management showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2009–2022), Ashunti Residential Management's revenue has declined by 20.5%, moving from $643K to $511K. Total assets increased by 258.8% over the same period, from $134K to $479K. Total functional expenses fell by 17.2%, from $655K to $542K. In its most recent filing year (2022), Ashunti Residential Management reported a deficit of $31K, with expenses exceeding revenue. The organization holds $510K in liabilities against $479K in assets (debt-to-asset ratio: 106.4%), resulting in net assets of $-30,850.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $511K | $542K | $479K | $510K | — | — |
| 2021 | $526K | $413K | $259K | $0 | — | View 990 |
| 2020 | $473K | $440K | $240K | $0 | — | View 990 |
| 2019 | $394K | $364K | $207K | $0 | — | View 990 |
| 2018 | $477K | $482K | $218K | $0 | — | View 990 |
| 2017 | $515K | $401K | $213K | $0 | — | — |
| 2016 | $314K | $276K | $191K | $0 | — | View 990 |
| 2015 | $328K | $300K | $189K | $0 | — | View 990 |
| 2014 | $270K | $272K | $188K | $0 | — | View 990 |
| 2013 | $308K | $312K | $203K | $8K | — | View 990 |
| 2012 | $372K | $364K | $216K | $29K | — | View 990 |
| 2011 | $280K | $263K | $216K | $32K | — | View 990 |
| 2010 | $524K | $530K | $167K | $0 | — | View 990 |
| 2009 | $643K | $655K | $134K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $511K, expenses of $542K, and assets of $479K (revenue -2.8% year-over-year).
- 2021: Revenue of $526K, expenses of $413K, and assets of $259K (revenue +11.3% year-over-year).
- 2020: Revenue of $473K, expenses of $440K, and assets of $240K (revenue +19.9% year-over-year).
- 2019: Revenue of $394K, expenses of $364K, and assets of $207K (revenue -17.3% year-over-year).
- 2018: Revenue of $477K, expenses of $482K, and assets of $218K (revenue -7.4% year-over-year).
- 2017: Revenue of $515K, expenses of $401K, and assets of $213K (revenue +63.9% year-over-year).
- 2016: Revenue of $314K, expenses of $276K, and assets of $191K (revenue -4.1% year-over-year).
- 2015: Revenue of $328K, expenses of $300K, and assets of $189K (revenue +21.2% year-over-year).
- 2014: Revenue of $270K, expenses of $272K, and assets of $188K (revenue -12.1% year-over-year).
- 2013: Revenue of $308K, expenses of $312K, and assets of $203K (revenue -17.4% year-over-year).
- 2012: Revenue of $372K, expenses of $364K, and assets of $216K (revenue +33.1% year-over-year).
- 2011: Revenue of $280K, expenses of $263K, and assets of $216K (revenue -46.6% year-over-year).
- 2010: Revenue of $524K, expenses of $530K, and assets of $167K (revenue -18.4% year-over-year).
- 2009: Revenue of $643K, expenses of $655K, and assets of $134K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ashunti Residential Management:
Data Sources and Methodology
This transparency report for Ashunti Residential Management 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.