Blair Apartments Inc
EIN: 391180967 · La Crescent, MN · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $291K |
| Total Expenses | $270K |
| Net Assets | $-62,259 |
Is Blair Apartments Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blair Apartments Inc
Blair Apartments Inc (EIN: 391180967) is a nonprofit organization based in La Crescent, MN, classified under NTEE code L22. The organization reported total revenue of $291K and total assets of $303K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blair Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blair Apartments Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $270K |
| Surplus / Deficit | +$37K |
| Total Assets | $324K |
| Total Liabilities | $386K |
| Net Assets | $-62,259 |
| Operating Margin | 12.0% |
| Debt-to-Asset Ratio | 119.2% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2023, Blair Apartments Inc reported a surplus of $37K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 119.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Blair Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.6% | +5.4% | -4.5% |
| 2022 | -3.3% | -3.2% | -10.4% |
| 2021 | +2.1% | +5.5% | -8.0% |
| 2020 | +3.2% | -1.0% | -8.6% |
| 2019 | -2.4% | +7.9% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blair Apartments Inc 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 Blair Apartments Inc 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 surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 119.2%.
Frequently Asked Questions about Blair Apartments Inc
Is Blair Apartments Inc a legitimate charity?
Blair Apartments Inc (EIN: 391180967) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $291K. No red flags identified. Financial health grade: A.
How does Blair Apartments Inc spend its money?
Blair Apartments Inc reported $291K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Blair Apartments Inc tax-deductible?
Blair Apartments Inc is registered as a tax-exempt nonprofit (EIN: 391180967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Blair Apartments Inc located?
Blair Apartments Inc is headquartered in La Crescent, Minnesota and files with the IRS under EIN 391180967. It is classified under NTEE code L22.
How many years of IRS 990 filings does Blair Apartments Inc have?
Blair Apartments Inc 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 $291K in total revenue.
Filing History
IRS 990 filing history for Blair Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blair Apartments Inc's revenue has grown by 58.8%, moving from $193K to $307K. Total assets decreased by 37.3% over the same period, from $516K to $324K. Total functional expenses rose by 29.2%, from $209K to $270K. In its most recent filing year (2023), Blair Apartments Inc reported a surplus of $37K, with revenue exceeding expenses. The organization holds $386K in liabilities against $324K in assets (debt-to-asset ratio: 119.2%), resulting in net assets of $-62,259.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $270K | $324K | $386K | — | — |
| 2022 | $241K | $257K | $339K | $452K | — | — |
| 2021 | $249K | $265K | $379K | $478K | — | View 990 |
| 2020 | $244K | $252K | $412K | $494K | — | — |
| 2019 | $236K | $254K | $450K | $530K | — | View 990 |
| 2018 | $242K | $236K | $466K | $529K | — | View 990 |
| 2017 | $239K | $225K | $494K | $563K | — | View 990 |
| 2016 | $257K | $228K | $491K | $574K | — | View 990 |
| 2015 | $248K | $215K | $507K | $619K | — | View 990 |
| 2014 | $223K | $223K | $468K | $613K | — | View 990 |
| 2013 | $248K | $247K | $480K | $625K | — | View 990 |
| 2012 | $233K | $240K | $557K | $704K | — | View 990 |
| 2011 | $193K | $209K | $516K | $657K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $270K, and assets of $324K (revenue +27.6% year-over-year).
- 2022: Revenue of $241K, expenses of $257K, and assets of $339K (revenue -3.3% year-over-year).
- 2021: Revenue of $249K, expenses of $265K, and assets of $379K (revenue +2.1% year-over-year).
- 2020: Revenue of $244K, expenses of $252K, and assets of $412K (revenue +3.2% year-over-year).
- 2019: Revenue of $236K, expenses of $254K, and assets of $450K (revenue -2.4% year-over-year).
- 2018: Revenue of $242K, expenses of $236K, and assets of $466K (revenue +1.5% year-over-year).
- 2017: Revenue of $239K, expenses of $225K, and assets of $494K (revenue -7.0% year-over-year).
- 2016: Revenue of $257K, expenses of $228K, and assets of $491K (revenue +3.4% year-over-year).
- 2015: Revenue of $248K, expenses of $215K, and assets of $507K (revenue +11.4% year-over-year).
- 2014: Revenue of $223K, expenses of $223K, and assets of $468K (revenue -10.3% year-over-year).
- 2013: Revenue of $248K, expenses of $247K, and assets of $480K (revenue +6.5% year-over-year).
- 2012: Revenue of $233K, expenses of $240K, and assets of $557K (revenue +20.6% year-over-year).
- 2011: Revenue of $193K, expenses of $209K, and assets of $516K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Blair Apartments Inc:
Data Sources and Methodology
This transparency report for Blair Apartments 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.