Charitable Properties Inc
Charitable Properties Inc. consistently operates with deficits and significant liabilities exceeding assets.
EIN: 134240753 · Mesquite, TX · NTEE: X192 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.4M |
| Program Spending | 70% |
| Net Assets | $-7,418,428 |
| Transparency Score | 55/100 |
Is Charitable Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charitable Properties Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Charitable Properties Inc
Charitable Properties Inc (EIN: 134240753) is a nonprofit organization based in Mesquite, TX, classified under NTEE code X192. The organization reported total revenue of $4.3M and total assets of $48.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charitable Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charitable Properties Inc is a mid-size nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-101,366 |
| Total Assets | $48.6M |
| Total Liabilities | $56.0M |
| Net Assets | $-7,418,428 |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 115.3% |
| Months of Reserves | 131.7 months |
Financial Health Grade: C
In 2018, Charitable Properties Inc reported a deficit of $101K with expenses exceeding revenue, holds 131.7 months of operating reserves (strong position), has a debt-to-asset ratio of 115.3% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Charitable Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -1.8% | -1.8% | -4.6% |
| 2017 | +56.5% | +35.9% | -3.4% |
| 2016 | -14.4% | -4.3% | +17.2% |
| 2015 | -2.5% | +6.2% | -16.0% |
| 2014 | +7.0% | -0.2% | +60.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Charitable Properties Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Charitable Properties Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $101K, with expenses exceeding revenue.
- Debt-to-asset ratio: 115.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which could indicate a volunteer-led executive team or that compensation is not explicitly categorized as 'officer compensation' in the provided summary data, potentially obscuring a full view of executive remuneration relative to the organization's multi-million dollar operations.
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 Charitable Properties Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in multiple periods (e.g., 201812, 201712, 201612).
- Liabilities consistently exceed assets, indicating a negative net asset position (e.g., $55,971,985 liabilities vs. $48,553,557 assets in 201812).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes it difficult to assess spending efficiency.
- No reported officer compensation, which could be a transparency concern if executives are compensated but not explicitly disclosed as such.
Strengths
The following positive indicators were identified for Charitable Properties Inc:
- Consistent revenue generation over several years, generally in the $3-4 million range.
- Significant asset base, with assets reaching $48,553,557 in 201812, indicating substantial resources under management.
Frequently Asked Questions about Charitable Properties Inc
Is Charitable Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charitable Properties Inc (EIN: 134240753) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Charitable Properties Inc spend its money?
Charitable Properties Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Charitable Properties Inc tax-deductible?
Charitable Properties Inc is registered as a tax-exempt nonprofit (EIN: 134240753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charitable Properties Inc's spending goes to programs?
Charitable Properties Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Charitable Properties Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Charitable Properties Inc is near average for NTEE category X192 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charitable Properties Inc located?
Charitable Properties Inc is headquartered in Mesquite, Texas and files with the IRS under EIN 134240753. It is classified under NTEE code X192.
How many years of IRS 990 filings does Charitable Properties Inc have?
Charitable Properties Inc has 8 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 $4.3M in total revenue.
How does Charitable Properties Inc. cover its consistent operating deficits?
The organization has frequently reported expenses exceeding revenues, such as in 201812 where expenses were $4,424,746 against revenues of $4,323,380. This suggests a reliance on drawing down reserves, asset sales, or other non-operating income sources not detailed in the provided summary data.
What is the nature of the significant liabilities reported by the organization?
In 201812, liabilities stood at $55,971,985, significantly exceeding assets of $48,553,557. The nature of these liabilities (e.g., mortgages, bonds, program-related investments) is not specified in the provided data, but their magnitude is a key financial concern.
Why is no officer compensation reported across all filings?
The consistent reporting of 0% officer compensation could mean that the organization's leadership is entirely volunteer-based, or that executive compensation is categorized differently within the IRS 990, such as under 'salaries and wages' without specific officer designation in the summary data.
What is the long-term financial sustainability given the asset-liability imbalance?
With liabilities consistently exceeding assets, as seen in 201812 ($55,971,985 liabilities vs. $48,553,557 assets), the organization faces a significant challenge in maintaining long-term financial health and solvency without a clear strategy to address this imbalance.
Filing History
IRS 990 filing history for Charitable Properties Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Charitable Properties Inc's revenue has grown by 23%, moving from $3.5M to $4.3M. Total assets increased by 35% over the same period, from $36.0M to $48.6M. Total functional expenses rose by 29.4%, from $3.4M to $4.4M. In its most recent filing year (2018), Charitable Properties Inc reported a deficit of $101K, with expenses exceeding revenue. The organization holds $56.0M in liabilities against $48.6M in assets (debt-to-asset ratio: 115.3%), resulting in net assets of $-7,418,428.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $4.3M | $4.4M | $48.6M | $56.0M | — | View 990 |
| 2017 | $4.4M | $4.5M | $50.9M | $57.3M | — | View 990 |
| 2016 | $2.8M | $3.3M | $52.7M | $57.6M | — | View 990 |
| 2015 | $3.3M | $3.5M | $45.0M | $60.9M | — | View 990 |
| 2014 | $3.4M | $3.3M | $53.6M | $61.7M | — | View 990 |
| 2013 | $3.2M | $3.3M | $33.3M | $39.7M | — | View 990 |
| 2012 | $3.2M | $3.4M | $34.0M | $40.7M | — | View 990 |
| 2011 | $3.5M | $3.4M | $36.0M | $41.7M | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $4.3M, expenses of $4.4M, and assets of $48.6M (revenue -1.8% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.5M, and assets of $50.9M (revenue +56.5% year-over-year).
- 2016: Revenue of $2.8M, expenses of $3.3M, and assets of $52.7M (revenue -14.4% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.5M, and assets of $45.0M (revenue -2.5% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.3M, and assets of $53.6M (revenue +7.0% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.3M, and assets of $33.3M (revenue -1.8% year-over-year).
- 2012: Revenue of $3.2M, expenses of $3.4M, and assets of $34.0M (revenue -8.7% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.4M, and assets of $36.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charitable Properties Inc:
Data Sources and Methodology
This transparency report for Charitable Properties 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.