Casa By The Lakes Inc
Casa By The Lakes Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 204033610 · Murray, KY · NTEE: P30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $297K |
| Total Expenses | $255K |
| Program Spending | 85% |
| Net Assets | $229K |
| Transparency Score | 90/100 |
Is Casa By The Lakes Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Casa By The Lakes Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Casa By The Lakes Inc
Casa By The Lakes Inc (EIN: 204033610) is a nonprofit organization based in Murray, KY, classified under NTEE code P30. The organization reported total revenue of $297K and total assets of $228K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casa By The Lakes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Casa By The Lakes Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $242K |
| Total Expenses | $255K |
| Surplus / Deficit | $-13,045 |
| Total Assets | $234K |
| Total Liabilities | $4K |
| Net Assets | $229K |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 1.9% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2024, Casa By The Lakes Inc reported a deficit of $13K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Casa By The Lakes Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.3% | +10.4% | -5.7% |
| 2023 | +26.8% | +32.1% | +21.5% |
| 2022 | -7.7% | -12.6% | +23.0% |
| 2021 | +8.7% | +25.7% | +29.4% |
| 2020 | +16.4% | -4.7% | +71.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Casa By The Lakes Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Casa By The Lakes Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer channels, which is highly efficient for a nonprofit of this size.
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.
Strengths
The following positive indicators were identified for Casa By The Lakes Inc:
- Consistent revenue growth over a decade, from $57,026 in 2015 to $242,308 in 2024.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Strong asset growth, increasing from $6,937 in 2015 to $233,626 in 2024.
- Very low liabilities, consistently under $6,000, demonstrating sound financial management.
- Consistent IRS 990 filing history (14 filings), indicating strong transparency and compliance.
Frequently Asked Questions about Casa By The Lakes Inc
Is Casa By The Lakes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Casa By The Lakes Inc (EIN: 204033610) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Casa By The Lakes Inc spend its money?
Casa By The Lakes Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Casa By The Lakes Inc tax-deductible?
Casa By The Lakes Inc is registered as a tax-exempt nonprofit (EIN: 204033610). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Casa By The Lakes Inc's spending goes to programs?
Casa By The Lakes Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Casa By The Lakes Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Casa By The Lakes Inc is above average for NTEE category P30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Casa By The Lakes Inc located?
Casa By The Lakes Inc is headquartered in Murray, Kentucky and files with the IRS under EIN 204033610. It is classified under NTEE code P30.
How many years of IRS 990 filings does Casa By The Lakes Inc have?
Casa By The Lakes Inc has 14 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 $297K in total revenue.
Is Casa By The Lakes Inc financially stable?
Yes, Casa By The Lakes Inc appears financially stable, demonstrating consistent revenue growth from $57,026 in 2015 to $242,308 in 2024, and a healthy increase in assets from $6,937 to $233,626 over the same period. Liabilities are consistently low, indicating strong financial management.
How does Casa By The Lakes Inc manage its leadership compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that its leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation, which is a highly efficient model for resource allocation.
Has the organization's financial health improved over time?
Yes, the organization's financial health has significantly improved. Revenue has quadrupled from $57,026 in 2015 to $242,308 in 2024, and assets have grown substantially from $6,937 to $233,626, indicating strong growth and accumulation of resources.
Filing History
IRS 990 filing history for Casa By The Lakes Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Casa By The Lakes Inc's revenue has grown by 427.4%, moving from $46K to $242K. Total assets increased by 2024.8% over the same period, from $11K to $234K. Total functional expenses rose by 486.5%, from $44K to $255K. In its most recent filing year (2024), Casa By The Lakes Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $4K in liabilities against $234K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $229K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $242K | $255K | $234K | $4K | — | — |
| 2023 | $273K | $231K | $248K | $6K | — | View 990 |
| 2022 | $215K | $175K | $204K | $3K | — | View 990 |
| 2021 | $233K | $200K | $166K | $6K | — | — |
| 2020 | $215K | $159K | $128K | $880 | — | View 990 |
| 2019 | $184K | $167K | $75K | $3K | — | View 990 |
| 2018 | $136K | $116K | $57K | $2K | — | View 990 |
| 2017 | $119K | $94K | $37K | $3K | — | View 990 |
| 2016 | $63K | $59K | $12K | $2K | — | View 990 |
| 2015 | $57K | $55K | $7K | $0 | — | View 990 |
| 2014 | $53K | $54K | $5K | $0 | — | View 990 |
| 2013 | $56K | $55K | $6K | $0 | — | View 990 |
| 2012 | $43K | $48K | $6K | $0 | — | View 990 |
| 2011 | $46K | $44K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $242K, expenses of $255K, and assets of $234K (revenue -11.3% year-over-year).
- 2023: Revenue of $273K, expenses of $231K, and assets of $248K (revenue +26.8% year-over-year).
- 2022: Revenue of $215K, expenses of $175K, and assets of $204K (revenue -7.7% year-over-year).
- 2021: Revenue of $233K, expenses of $200K, and assets of $166K (revenue +8.7% year-over-year).
- 2020: Revenue of $215K, expenses of $159K, and assets of $128K (revenue +16.4% year-over-year).
- 2019: Revenue of $184K, expenses of $167K, and assets of $75K (revenue +35.5% year-over-year).
- 2018: Revenue of $136K, expenses of $116K, and assets of $57K (revenue +14.9% year-over-year).
- 2017: Revenue of $119K, expenses of $94K, and assets of $37K (revenue +89.0% year-over-year).
- 2016: Revenue of $63K, expenses of $59K, and assets of $12K (revenue +9.9% year-over-year).
- 2015: Revenue of $57K, expenses of $55K, and assets of $7K (revenue +8.2% year-over-year).
- 2014: Revenue of $53K, expenses of $54K, and assets of $5K (revenue -5.5% year-over-year).
- 2013: Revenue of $56K, expenses of $55K, and assets of $6K (revenue +29.9% year-over-year).
- 2012: Revenue of $43K, expenses of $48K, and assets of $6K (revenue -6.5% year-over-year).
- 2011: Revenue of $46K, expenses of $44K, and assets of $11K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Casa By The Lakes Inc:
Data Sources and Methodology
This transparency report for Casa By The Lakes 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.