Colchester Properties Inc
EIN: 382025320 · Albion, MI
| Metric | Value |
|---|---|
| Total Revenue | $351K |
| Total Expenses | $156K |
| Net Assets | $-917,518 |
Is Colchester Properties Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Colchester Properties Inc
Colchester Properties Inc (EIN: 382025320) is a nonprofit organization based in Albion, MI. The organization reported total revenue of $351K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colchester Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Colchester Properties Inc is a small nonprofit that has been operating for 52 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $61K |
| Total Expenses | $156K |
| Surplus / Deficit | $-95,121 |
| Total Assets | $456K |
| Total Liabilities | $1.4M |
| Net Assets | $-917,518 |
| Operating Margin | -156.5% |
| Debt-to-Asset Ratio | 301.1% |
| Months of Reserves | 35.1 months |
Financial Health Grade: C
In 2023, Colchester Properties Inc reported a deficit of $95K with expenses exceeding revenue, holds 35.1 months of operating reserves (strong position), has a debt-to-asset ratio of 301.1% (high leverage).
Financial Trends
Over 10 years of filings (2014–2023), Colchester Properties Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | +3.8% | -14.7% |
| 2022 | +1059.7% | +75.2% | -6.0% |
| 2021 | -87.6% | -30.2% | -13.2% |
| 2020 | -23.0% | -14.9% | -8.0% |
| 2019 | -9.0% | +20.1% | -20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Colchester Properties 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 Colchester Properties 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 301.1%.
Frequently Asked Questions about Colchester Properties Inc
Is Colchester Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Colchester Properties Inc (EIN: 382025320) insufficient data. 0 red flags identified, 0 strengths noted.
How does Colchester Properties Inc spend its money?
Detailed spending breakdown data is not yet available for Colchester Properties Inc. Check back for updated IRS 990 analysis.
Are donations to Colchester Properties Inc tax-deductible?
Colchester Properties Inc is registered as a tax-exempt nonprofit (EIN: 382025320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Colchester Properties Inc located?
Colchester Properties Inc is headquartered in Albion, Michigan and files with the IRS under EIN 382025320.
How many years of IRS 990 filings does Colchester Properties Inc have?
Colchester Properties Inc has 10 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 $351K in total revenue.
Filing History
IRS 990 filing history for Colchester Properties Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Colchester Properties Inc's revenue has declined by 54.9%, moving from $135K to $61K. Total assets decreased by 47.9% over the same period, from $876K to $456K. Total functional expenses fell by 63.1%, from $422K to $156K. In its most recent filing year (2023), Colchester Properties Inc reported a deficit of $95K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $456K in assets (debt-to-asset ratio: 301.1%), resulting in net assets of $-917,518.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $61K | $156K | $456K | $1.4M | — | — |
| 2022 | $103K | $150K | $535K | $1.4M | — | View 990 |
| 2021 | $9K | $86K | $569K | $1.4M | — | View 990 |
| 2020 | $72K | $123K | $656K | $1.4M | — | — |
| 2019 | $94K | $144K | $713K | $1.4M | — | View 990 |
| 2018 | $103K | $120K | $893K | $1.6M | — | View 990 |
| 2017 | $23K | $144K | $950K | $1.6M | — | View 990 |
| 2016 | $105K | $111K | $930K | $1.5M | — | View 990 |
| 2015 | $89K | $101K | $768K | $1.3M | — | View 990 |
| 2014 | $135K | $422K | $876K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $61K, expenses of $156K, and assets of $456K (revenue -41.1% year-over-year).
- 2022: Revenue of $103K, expenses of $150K, and assets of $535K (revenue +1059.7% year-over-year).
- 2021: Revenue of $9K, expenses of $86K, and assets of $569K (revenue -87.6% year-over-year).
- 2020: Revenue of $72K, expenses of $123K, and assets of $656K (revenue -23.0% year-over-year).
- 2019: Revenue of $94K, expenses of $144K, and assets of $713K (revenue -9.0% year-over-year).
- 2018: Revenue of $103K, expenses of $120K, and assets of $893K (revenue +350.0% year-over-year).
- 2017: Revenue of $23K, expenses of $144K, and assets of $950K (revenue -78.2% year-over-year).
- 2016: Revenue of $105K, expenses of $111K, and assets of $930K (revenue +18.4% year-over-year).
- 2015: Revenue of $89K, expenses of $101K, and assets of $768K (revenue -34.3% year-over-year).
- 2014: Revenue of $135K, expenses of $422K, and assets of $876K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Colchester Properties Inc:
Data Sources and Methodology
This transparency report for Colchester 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.