Bristol Place Apartments

Bristol Place Apartments consistently operates at a deficit, drawing down assets while maintaining low liabilities and no reported officer compensation.

EIN: 208402648 · Bryant, AR · NTEE: L20 · Updated: 2026-03-28

$126KRevenue

$1.1MAssets

85/100Mission Score (Excellent)

L20

About Bristol Place Apartments

Bristol Place Apartments (EIN: 208402648) is a nonprofit organization based in Bryant, AR, classified under NTEE code L20. The organization reported total revenue of $126K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Place Apartments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bristol Place Apartments appears to be a stable, albeit small, nonprofit focused on providing housing, as indicated by its NTEE code L20 (Housing). The organization consistently reports revenues in the range of $83,000 to $127,000 over the past decade, with expenses generally exceeding revenue, leading to a gradual decline in assets from $1.4 million in 2015 to $1.1 million in 2024. This trend suggests that the organization is operating at a deficit, drawing down its reserves to cover operational costs. However, the liabilities remain very low, typically under $25,000, indicating a healthy balance sheet in terms of debt.

The organization demonstrates strong financial transparency by consistently filing its IRS Form 990s. A significant positive aspect is the reported 0% officer compensation across all filings, which suggests that the organization is either entirely volunteer-run at the executive level or that compensation is covered by another entity, which would require further investigation. This lack of executive compensation, combined with its mission, points to a high degree of program focus, assuming the expenses are primarily directed towards its housing initiatives. The consistent deficit spending, however, raises questions about long-term financial sustainability if revenue streams do not increase or expenses are not brought in line with income.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bristol Place Apartments with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Bristol Place Apartments allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through an unstated mechanism, which is highly favorable for program efficiency.

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 Bristol Place Apartments's IRS 990 filings:

Consistent operating deficits, with expenses exceeding revenue in every reported period, leading to a decline in assets.
Lack of detailed expense breakdown in the provided data makes it difficult to fully assess spending efficiency beyond the high-level program focus.

Strengths

The following positive indicators were identified for Bristol Place Apartments:

Zero reported officer compensation, indicating high efficiency in executive overhead.
Very low liabilities relative to assets, suggesting a healthy balance sheet in terms of debt.
Consistent filing of IRS Form 990s, demonstrating good transparency.
Clear mission focus on housing (NTEE L20).

Frequently Asked Questions about Bristol Place Apartments

Is Bristol Place Apartments financially sustainable given its consistent operating deficits?

The organization has consistently spent more than it earns, leading to a decline in assets from $1.4 million in 2015 to $1.1 million in 2024. While current liabilities are low, this trend is not sustainable long-term without increased revenue or reduced expenses.

What are the primary components of Bristol Place Apartments' expenses?

Without detailed expense breakdowns from the 990s, it's assumed that the majority of expenses are related to its housing program (NTEE L20), given the lack of officer compensation and the organization's mission. Further detail would require reviewing the full 990 forms.

How does Bristol Place Apartments manage to operate without officer compensation?

The consistent reporting of 0% officer compensation suggests that executive functions are either performed by volunteers or compensated by an external entity. This is a significant factor in its program efficiency.

What is the organization's strategy to address its declining asset base?

The filings do not provide a strategy. The organization would need to either increase its revenue streams or reduce its operational expenses to reverse the trend of declining assets.

Filing History

IRS 990 filing history for Bristol Place Apartments showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Bristol Place Apartments's revenue has grown by 51.1%, moving from $84K to $126K. Total assets decreased by 26.2% over the same period, from $1.5M to $1.1M. Total functional expenses rose by 38%, from $107K to $148K. In its most recent filing year (2024), Bristol Place Apartments reported a deficit of $21K, with expenses exceeding revenue. The organization holds $23K in liabilities against $1.1M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$126K	$148K	$1.1M	$23K	—	—
2023	$128K	$149K	$1.1M	$21K	—	View 990
2022	$109K	$166K	$1.1M	$20K	—	View 990
2021	$115K	$162K	$1.2M	$20K	—	—
2020	$109K	$129K	$1.3M	$25K	—	View 990
2019	$97K	$132K	$1.3M	$14K	—	View 990
2018	$97K	$123K	$1.3M	$16K	—	View 990
2017	$83K	$122K	$1.3M	$16K	—	View 990
2016	$83K	$121K	$1.4M	$14K	—	View 990
2015	$83K	$116K	$1.4M	$14K	—	View 990
2014	$83K	$112K	$1.4M	$12K	—	View 990
2013	$83K	$113K	$1.5M	$14K	—	View 990
2012	$84K	$107K	$1.5M	$14K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $126K, expenses of $148K, and assets of $1.1M (revenue -1.0% year-over-year).
2023: Revenue of $128K, expenses of $149K, and assets of $1.1M (revenue +17.1% year-over-year).
2022: Revenue of $109K, expenses of $166K, and assets of $1.1M (revenue -5.4% year-over-year).
2021: Revenue of $115K, expenses of $162K, and assets of $1.2M (revenue +5.7% year-over-year).
2020: Revenue of $109K, expenses of $129K, and assets of $1.3M (revenue +12.1% year-over-year).
2019: Revenue of $97K, expenses of $132K, and assets of $1.3M (revenue +0.5% year-over-year).
2018: Revenue of $97K, expenses of $123K, and assets of $1.3M (revenue +15.9% year-over-year).
2017: Revenue of $83K, expenses of $122K, and assets of $1.3M (revenue +0.2% year-over-year).
2016: Revenue of $83K, expenses of $121K, and assets of $1.4M (revenue -0.3% year-over-year).
2015: Revenue of $83K, expenses of $116K, and assets of $1.4M (revenue +0.3% year-over-year).
2014: Revenue of $83K, expenses of $112K, and assets of $1.4M (revenue -0.3% year-over-year).
2013: Revenue of $83K, expenses of $113K, and assets of $1.5M (revenue -0.2% year-over-year).
2012: Revenue of $84K, expenses of $107K, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Bristol Place Apartments 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.