Block 9 Master Condominium Association
EIN: 861285820 · Fargo, ND · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $780K |
| Total Expenses | $717K |
| Net Assets | $26K |
Is Block 9 Master Condominium Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Block 9 Master Condominium Association
Block 9 Master Condominium Association (EIN: 861285820) is a nonprofit organization based in Fargo, ND, classified under NTEE code S31. The organization reported total revenue of $780K and total assets of $129K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Block 9 Master Condominium Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Block 9 Master Condominium Association is a small nonprofit that has been operating for 4 years, with 6 years of IRS 990 filings on record (2018–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $700K |
| Total Expenses | $717K |
| Surplus / Deficit | $-17,466 |
| Total Assets | $81K |
| Total Liabilities | $55K |
| Net Assets | $26K |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 68.0% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Block 9 Master Condominium Association reported a deficit of $17K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 68.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | +10.0% | -17.5% |
| 2022 | +10.7% | +41.7% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Block 9 Master Condominium Association 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 Block 9 Master Condominium Association 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 deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 68.0%.
Frequently Asked Questions about Block 9 Master Condominium Association
Is Block 9 Master Condominium Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Block 9 Master Condominium Association (EIN: 861285820) insufficient data. 0 red flags identified, 0 strengths noted.
How does Block 9 Master Condominium Association spend its money?
Detailed spending breakdown data is not yet available for Block 9 Master Condominium Association. Check back for updated IRS 990 analysis.
Are donations to Block 9 Master Condominium Association tax-deductible?
Block 9 Master Condominium Association is registered as a tax-exempt nonprofit (EIN: 861285820). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Block 9 Master Condominium Association located?
Block 9 Master Condominium Association is headquartered in Fargo, North Dakota and files with the IRS under EIN 861285820. It is classified under NTEE code S31.
How many years of IRS 990 filings does Block 9 Master Condominium Association have?
Block 9 Master Condominium Association has 6 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 $780K in total revenue.
Filing History
IRS 990 filing history for Block 9 Master Condominium Association showing financial trends over 6 years of public records:
Total assets increased by 8090800% over the same period, from $1 to $81K. In its most recent filing year (2023), Block 9 Master Condominium Association reported a deficit of $17K, with expenses exceeding revenue. The organization holds $55K in liabilities against $81K in assets (debt-to-asset ratio: 68.0%), resulting in net assets of $26K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $700K | $717K | $81K | $55K | — | View 990 |
| 2022 | $612K | $652K | $98K | $46K | — | View 990 |
| 2021 | $552K | $460K | $110K | $17K | — | View 990 |
| 2020 | $0 | $0 | $1 | $0 | — | View 990 |
| 2019 | $0 | $0 | $1 | $0 | — | View 990 |
| 2018 | $0 | $0 | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $700K, expenses of $717K, and assets of $81K (revenue +14.4% year-over-year).
- 2022: Revenue of $612K, expenses of $652K, and assets of $98K (revenue +10.7% year-over-year).
- 2021: Revenue of $552K, expenses of $460K, and assets of $110K.
- 2020: Revenue of $0, expenses of $0, and assets of $1.
- 2019: Revenue of $0, expenses of $0, and assets of $1.
- 2018: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Block 9 Master Condominium Association:
Data Sources and Methodology
This transparency report for Block 9 Master Condominium Association 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.