Brass City Residences Inc
EIN: 464912687 · Waterbury, CT · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $55K |
| Total Expenses | $41K |
| Net Assets | $192K |
Is Brass City Residences Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Brass City Residences Inc
Brass City Residences Inc (EIN: 464912687) is a nonprofit organization based in Waterbury, CT, classified under NTEE code L20. The organization reported total revenue of $55K and total assets of $156K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brass City Residences Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brass City Residences Inc is a micro nonprofit that has been operating for 12 years, with 9 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $72K |
| Total Expenses | $41K |
| Surplus / Deficit | +$31K |
| Total Assets | $192K |
| Net Assets | $192K |
| Operating Margin | 43.4% |
| Months of Reserves | 56.7 months |
Financial Health Grade: A
In 2023, Brass City Residences Inc reported a surplus of $31K with revenue exceeding expenses, holds 56.7 months of operating reserves (strong position).
Financial Trends
Over 9 years of filings (2014–2023), Brass City Residences Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | -18.9% | +19.3% |
| 2022 | -7.8% | -2.8% | +10.8% |
| 2021 | +0.9% | +22.6% | +15.8% |
| 2020 | +10.8% | +48.5% | +29.8% |
| 2019 | -6.8% | -43.7% | +52.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Brass City Residences 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 Brass City Residences 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 $31K, with revenue exceeding expenses.
Frequently Asked Questions about Brass City Residences Inc
Is Brass City Residences Inc a legitimate charity?
Brass City Residences Inc (EIN: 464912687) is a registered tax-exempt nonprofit based in Connecticut. It has 9 years of IRS 990 filings on record. Total revenue: $55K. No red flags identified. Financial health grade: A.
How does Brass City Residences Inc spend its money?
Brass City Residences Inc reported $55K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Brass City Residences Inc tax-deductible?
Brass City Residences Inc is registered as a tax-exempt nonprofit (EIN: 464912687). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Brass City Residences Inc located?
Brass City Residences Inc is headquartered in Waterbury, Connecticut and files with the IRS under EIN 464912687. It is classified under NTEE code L20.
How many years of IRS 990 filings does Brass City Residences Inc have?
Brass City Residences Inc has 9 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 $55K in total revenue.
Filing History
IRS 990 filing history for Brass City Residences Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2023), Brass City Residences Inc's revenue has grown by 33.1%, moving from $54K to $72K. Total assets increased by 389.9% over the same period, from $39K to $192K. Total functional expenses rose by 108.9%, from $20K to $41K. In its most recent filing year (2023), Brass City Residences Inc reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $72K | $41K | $192K | $0 | — | View 990 |
| 2022 | $66K | $50K | $161K | $0 | — | — |
| 2021 | $72K | $52K | $146K | $0 | — | — |
| 2020 | $71K | $42K | $126K | $0 | — | View 990 |
| 2019 | $64K | $28K | $97K | $0 | — | View 990 |
| 2017 | $69K | $50K | $63K | $2K | — | View 990 |
| 2016 | $71K | $71K | $47K | $4K | — | View 990 |
| 2015 | $67K | $59K | $46K | $4K | — | View 990 |
| 2014 | $54K | $20K | $39K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $72K, expenses of $41K, and assets of $192K (revenue +9.1% year-over-year).
- 2022: Revenue of $66K, expenses of $50K, and assets of $161K (revenue -7.8% year-over-year).
- 2021: Revenue of $72K, expenses of $52K, and assets of $146K (revenue +0.9% year-over-year).
- 2020: Revenue of $71K, expenses of $42K, and assets of $126K (revenue +10.8% year-over-year).
- 2019: Revenue of $64K, expenses of $28K, and assets of $97K (revenue -6.8% year-over-year).
- 2017: Revenue of $69K, expenses of $50K, and assets of $63K (revenue -3.4% year-over-year).
- 2016: Revenue of $71K, expenses of $71K, and assets of $47K (revenue +6.8% year-over-year).
- 2015: Revenue of $67K, expenses of $59K, and assets of $46K (revenue +23.2% year-over-year).
- 2014: Revenue of $54K, expenses of $20K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brass City Residences Inc:
Data Sources and Methodology
This transparency report for Brass City Residences 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.