Cherokee Real Estate Inc
Cherokee Real Estate Inc. maintains strong assets despite fluctuating revenues and recent operating deficits.
EIN: 200312811 · New Iberia, LA · NTEE: L20 · Updated: 2026-03-28
Is Cherokee Real Estate Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cherokee Real Estate Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cherokee Real Estate Inc
Cherokee Real Estate Inc (EIN: 200312811) is a nonprofit organization based in New Iberia, LA, classified under NTEE code L20. The organization reported total revenue of $83K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cherokee Real Estate Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cherokee Real Estate Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cherokee Real Estate Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its size with assets exceeding $2 million.
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 Cherokee Real Estate Inc's IRS 990 filings:
- Significant revenue volatility year-over-year, from $347,966 in 2013 to $82,815 in the latest period.
- Operating at a deficit in the most recent reported period (202212), with expenses ($116,214) exceeding revenue ($86,811).
- Liabilities increased significantly in 202212 to $238,559 from $43,626 in 202112, which warrants further scrutiny.
Strengths
The following positive indicators were identified for Cherokee Real Estate Inc:
- Strong asset base, consistently growing over time, reaching $2,278,791 in the latest period.
- Zero officer compensation reported across all filings, indicating efficient use of funds in leadership.
- Maintains a healthy asset-to-liability ratio, despite a recent increase in liabilities, demonstrating financial stability.
Frequently Asked Questions about Cherokee Real Estate Inc
Is Cherokee Real Estate Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cherokee Real Estate Inc (EIN: 200312811) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Cherokee Real Estate Inc spend its money?
Cherokee Real Estate Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cherokee Real Estate Inc tax-deductible?
Cherokee Real Estate Inc is registered as a tax-exempt nonprofit (EIN: 200312811). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cherokee Real Estate Inc. a good charity?
Cherokee Real Estate Inc. exhibits strong financial health in terms of assets relative to liabilities, and a commendable practice of not compensating its officers. However, its revenue has been inconsistent, and it operated at a deficit in the most recent reported period (202212), which could raise concerns about long-term operational stability if not addressed. The NTEE code L20 suggests it's involved in housing and shelter, but without specific program details, it's hard to fully assess its impact.
What caused the significant revenue drop in the latest period?
The latest filing (Period 202212) shows revenue of $86,811, a substantial decrease from $275,649 in 202112. The IRS 990 data alone does not specify the exact cause, but it could be due to reduced donations, grants, or other income streams. Further investigation into the organization's financial statements would be needed to pinpoint the reason.
How does Cherokee Real Estate Inc. manage its expenses given the revenue fluctuations?
Expense management appears to vary. In 202212, expenses ($116,214) exceeded revenue ($86,811), leading to a deficit. However, in 202112, revenue ($275,649) significantly outpaced expenses ($64,695). This suggests an inconsistent approach to aligning expenses with available income, which could be a risk factor.
Filing History
IRS 990 filing history for Cherokee Real Estate Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2022), Cherokee Real Estate Inc's revenue has declined by 34.7%, moving from $133K to $87K. Total assets increased by 68.6% over the same period, from $1.3M to $2.2M. Total functional expenses fell by 20%, from $145K to $116K. In its most recent filing year (2022), Cherokee Real Estate Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $239K in liabilities against $2.2M in assets (debt-to-asset ratio: 10.9%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $87K | $116K | $2.2M | $239K | — | View 990 |
| 2021 | $276K | $65K | $2.0M | $44K | — | View 990 |
| 2020 | $200K | $125K | $1.8M | $45K | — | View 990 |
| 2015 | $253K | $189K | $1.8M | $103K | — | View 990 |
| 2014 | $129K | $76K | $1.7M | $0 | — | View 990 |
| 2013 | $348K | $73K | $1.6M | $0 | — | View 990 |
| 2012 | $133K | $84K | $1.5M | $143K | — | View 990 |
| 2011 | $133K | $145K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $87K, expenses of $116K, and assets of $2.2M (revenue -68.5% year-over-year).
- 2021: Revenue of $276K, expenses of $65K, and assets of $2.0M (revenue +38.0% year-over-year).
- 2020: Revenue of $200K, expenses of $125K, and assets of $1.8M (revenue -21.0% year-over-year).
- 2015: Revenue of $253K, expenses of $189K, and assets of $1.8M (revenue +95.5% year-over-year).
- 2014: Revenue of $129K, expenses of $76K, and assets of $1.7M (revenue -62.8% year-over-year).
- 2013: Revenue of $348K, expenses of $73K, and assets of $1.6M (revenue +162.1% year-over-year).
- 2012: Revenue of $133K, expenses of $84K, and assets of $1.5M (revenue -0.2% year-over-year).
- 2011: Revenue of $133K, expenses of $145K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Cherokee Real Estate 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.