Building Corporation Of Seiu Local 503 Opeu
EIN: 851880549 · Salem, OR · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $27K |
| Total Expenses | $369K |
| Net Assets | $-892,968 |
Is Building Corporation Of Seiu Local 503 Opeu Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Building Corporation Of Seiu Local 503 Opeu
Building Corporation Of Seiu Local 503 Opeu (EIN: 851880549) is a nonprofit organization based in Salem, OR, classified under NTEE code S47. The organization reported total revenue of $27K and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Corporation Of Seiu Local 503 Opeu's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Corporation Of Seiu Local 503 Opeu is a micro nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $148K |
| Total Expenses | $369K |
| Surplus / Deficit | $-220,832 |
| Total Assets | $17.3M |
| Total Liabilities | $18.2M |
| Net Assets | $-892,968 |
| Operating Margin | -149.2% |
| Debt-to-Asset Ratio | 105.2% |
| Months of Reserves | 563.2 months |
Financial Health Grade: C
In 2023, Building Corporation Of Seiu Local 503 Opeu reported a deficit of $221K with expenses exceeding revenue, holds 563.2 months of operating reserves (strong position), has a debt-to-asset ratio of 105.2% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Building Corporation Of Seiu Local 503 Opeu's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +74.4% | -41.3% | +13.7% |
| 2022 | -31.3% | +5.9% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Building Corporation Of Seiu Local 503 Opeu 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 Building Corporation Of Seiu Local 503 Opeu 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 $221K, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.2%.
Frequently Asked Questions about Building Corporation Of Seiu Local 503 Opeu
Is Building Corporation Of Seiu Local 503 Opeu a legitimate charity?
Building Corporation Of Seiu Local 503 Opeu (EIN: 851880549) is a registered tax-exempt nonprofit based in Oregon. It has 3 years of IRS 990 filings on record. Total revenue: $27K. No red flags identified. Financial health grade: C.
How does Building Corporation Of Seiu Local 503 Opeu spend its money?
Building Corporation Of Seiu Local 503 Opeu reported $27K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Building Corporation Of Seiu Local 503 Opeu tax-deductible?
Building Corporation Of Seiu Local 503 Opeu is registered as a tax-exempt nonprofit (EIN: 851880549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Building Corporation Of Seiu Local 503 Opeu located?
Building Corporation Of Seiu Local 503 Opeu is headquartered in Salem, Oregon and files with the IRS under EIN 851880549. It is classified under NTEE code S47.
How many years of IRS 990 filings does Building Corporation Of Seiu Local 503 Opeu have?
Building Corporation Of Seiu Local 503 Opeu has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $27K in total revenue.
Filing History
IRS 990 filing history for Building Corporation Of Seiu Local 503 Opeu showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Building Corporation Of Seiu Local 503 Opeu's revenue has grown by 19.8%, moving from $123K to $148K. Total assets increased by 15% over the same period, from $15.0M to $17.3M. Total functional expenses fell by 37.9%, from $594K to $369K. In its most recent filing year (2023), Building Corporation Of Seiu Local 503 Opeu reported a deficit of $221K, with expenses exceeding revenue. The organization holds $18.2M in liabilities against $17.3M in assets (debt-to-asset ratio: 105.2%), resulting in net assets of $-892,968.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $148K | $369K | $17.3M | $18.2M | — | — |
| 2022 | $85K | $629K | $15.2M | $15.5M | — | — |
| 2021 | $123K | $594K | $15.0M | $14.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $148K, expenses of $369K, and assets of $17.3M (revenue +74.4% year-over-year).
- 2022: Revenue of $85K, expenses of $629K, and assets of $15.2M (revenue -31.3% year-over-year).
- 2021: Revenue of $123K, expenses of $594K, and assets of $15.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Building Corporation Of Seiu Local 503 Opeu:
Data Sources and Methodology
This transparency report for Building Corporation Of Seiu Local 503 Opeu 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.