Building Owners And Managers Asociation Of Raleigh Durham Inc
EIN: 61652543 · Mebane, NC
Is Building Owners And Managers Asociation Of Raleigh Durham Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Building Owners And Managers Asociation Of Raleigh Durham Inc
Building Owners And Managers Asociation Of Raleigh Durham Inc (EIN: 61652543) is a nonprofit organization based in Mebane, NC. The organization reported total revenue of $665K and total assets of $824K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Owners And Managers Asociation Of Raleigh Durham Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Building Owners And Managers Asociation Of Raleigh Durham Inc is a small nonprofit, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $181K |
| Total Expenses | $256K |
| Surplus / Deficit | $-75,280 |
| Total Assets | $619K |
| Total Liabilities | $99K |
| Net Assets | $520K |
| Operating Margin | -41.6% |
| Debt-to-Asset Ratio | 16.0% |
| Months of Reserves | 29.0 months |
Financial Health Grade: B
In 2022, Building Owners And Managers Asociation Of Raleigh Durham Inc reported a deficit of $75K with expenses exceeding revenue, holds 29.0 months of operating reserves (strong position), has a debt-to-asset ratio of 16.0% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Building Owners And Managers Asociation Of Raleigh Durham Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -40.4% | +14.3% | +3.7% |
| 2021 | +9.8% | +47.3% | +11.1% |
| 2020 | +104.1% | -4.4% | +19.9% |
| 2019 | -34.5% | -4.8% | -3.6% |
| 2018 | +23.5% | +30.5% | +10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Building Owners And Managers Asociation Of Raleigh Durham 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 Building Owners And Managers Asociation Of Raleigh Durham 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.0%.
Frequently Asked Questions about Building Owners And Managers Asociation Of Raleigh Durham Inc
Is Building Owners And Managers Asociation Of Raleigh Durham Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Owners And Managers Asociation Of Raleigh Durham Inc (EIN: 61652543) insufficient data. 0 red flags identified, 0 strengths noted.
How does Building Owners And Managers Asociation Of Raleigh Durham Inc spend its money?
Detailed spending breakdown data is not yet available for Building Owners And Managers Asociation Of Raleigh Durham Inc. Check back for updated IRS 990 analysis.
Are donations to Building Owners And Managers Asociation Of Raleigh Durham Inc tax-deductible?
Building Owners And Managers Asociation Of Raleigh Durham Inc is registered as a tax-exempt nonprofit (EIN: 61652543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Building Owners And Managers Asociation Of Raleigh Durham Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Building Owners And Managers Asociation Of Raleigh Durham Inc's revenue has declined by 40.7%, moving from $305K to $181K. Total assets increased by 374.9% over the same period, from $130K to $619K. Total functional expenses fell by 6.5%, from $274K to $256K. In its most recent filing year (2022), Building Owners And Managers Asociation Of Raleigh Durham Inc reported a deficit of $75K, with expenses exceeding revenue. The organization holds $99K in liabilities against $619K in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $520K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $181K | $256K | $619K | $99K | — | View 990 |
| 2021 | $304K | $224K | $597K | $1K | — | View 990 |
| 2020 | $277K | $152K | $537K | $21K | — | — |
| 2019 | $136K | $159K | $448K | $56K | — | View 990 |
| 2018 | $207K | $167K | $465K | $49K | — | View 990 |
| 2017 | $168K | $128K | $419K | $43K | — | View 990 |
| 2016 | $220K | $174K | $391K | $84K | — | View 990 |
| 2015 | $144K | $134K | $348K | $88K | — | View 990 |
| 2014 | $205K | $123K | $328K | $49K | — | View 990 |
| 2013 | $154K | $120K | $270K | $73K | — | View 990 |
| 2012 | $156K | $123K | $231K | $68K | — | View 990 |
| 2011 | $305K | $274K | $130K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $181K, expenses of $256K, and assets of $619K (revenue -40.4% year-over-year).
- 2021: Revenue of $304K, expenses of $224K, and assets of $597K (revenue +9.8% year-over-year).
- 2020: Revenue of $277K, expenses of $152K, and assets of $537K (revenue +104.1% year-over-year).
- 2019: Revenue of $136K, expenses of $159K, and assets of $448K (revenue -34.5% year-over-year).
- 2018: Revenue of $207K, expenses of $167K, and assets of $465K (revenue +23.5% year-over-year).
- 2017: Revenue of $168K, expenses of $128K, and assets of $419K (revenue -24.0% year-over-year).
- 2016: Revenue of $220K, expenses of $174K, and assets of $391K (revenue +52.7% year-over-year).
- 2015: Revenue of $144K, expenses of $134K, and assets of $348K (revenue -29.6% year-over-year).
- 2014: Revenue of $205K, expenses of $123K, and assets of $328K (revenue +33.2% year-over-year).
- 2013: Revenue of $154K, expenses of $120K, and assets of $270K (revenue -1.6% year-over-year).
- 2012: Revenue of $156K, expenses of $123K, and assets of $231K (revenue -48.8% year-over-year).
- 2011: Revenue of $305K, expenses of $274K, and assets of $130K.
Data Sources and Methodology
This transparency report for Building Owners And Managers Asociation Of Raleigh Durham 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.