Collins Non Profit Apartments Inc
Collins Non Profit Apartments Inc: Revenue Growth Amidst High Liabilities
EIN: 222585796 · Warren, MI · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $5.5M |
| Program Spending | 85% |
| Net Assets | $-6,191,543 |
| Transparency Score | 75/100 |
Is Collins Non Profit Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Collins Non Profit Apartments Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Collins Non Profit Apartments Inc
Collins Non Profit Apartments Inc (EIN: 222585796) is a nonprofit organization based in Warren, MI, classified under NTEE code L22Z. The organization reported total revenue of $2.9M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Collins Non Profit Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Collins Non Profit Apartments Inc is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-3,147,868 |
| Total Assets | $12.8M |
| Total Liabilities | $19.0M |
| Net Assets | $-6,191,543 |
| Operating Margin | -132.3% |
| Debt-to-Asset Ratio | 148.3% |
| Months of Reserves | 27.8 months |
Financial Health Grade: C
In 2023, Collins Non Profit Apartments Inc reported a deficit of $3.1M with expenses exceeding revenue, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 148.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Collins Non Profit Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.3% | +245.7% | +383.8% |
| 2022 | +2.4% | +4.3% | -5.4% |
| 2021 | -4.1% | +1.6% | -2.2% |
| 2020 | +1.0% | -2.6% | -1.6% |
| 2019 | +1.6% | +3.0% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Collins Non Profit Apartments 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Collins Non Profit Apartments 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 148.3%.
Executive Compensation Analysis
Based on the provided data, Collins Non Profit Apartments Inc consistently reports 'c0%' for compensation, suggesting no direct executive compensation is disclosed in these filings.
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 Collins Non Profit Apartments Inc's IRS 990 filings:
- Significant liabilities consistently outweigh assets, with 2023 liabilities at $19,007,437 against assets of $12,815,894, raising concerns about long-term financial stability.
- The 'c0%' compensation reported across all years could indicate that executive compensation is either paid by a related entity or not disclosed in a standard manner, warranting further investigation.
Strengths
The following positive indicators were identified for Collins Non Profit Apartments Inc:
- Demonstrated strong revenue growth from $1,487,394 in 2016 to $2,379,817 in 2023, indicating increasing operational scale.
- Consistent reporting of 'c0%' for compensation suggests a lean administrative structure or alternative compensation arrangements.
Frequently Asked Questions about Collins Non Profit Apartments Inc
Is Collins Non Profit Apartments Inc a legitimate charity?
Collins Non Profit Apartments Inc (EIN: 222585796) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $2.9M. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Collins Non Profit Apartments Inc spend its money?
Collins Non Profit Apartments Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Collins Non Profit Apartments Inc tax-deductible?
Collins Non Profit Apartments Inc is registered as a tax-exempt nonprofit (EIN: 222585796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Collins Non Profit Apartments Inc's spending goes to programs?
Collins Non Profit Apartments Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Collins Non Profit Apartments Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Collins Non Profit Apartments Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Collins Non Profit Apartments Inc located?
Collins Non Profit Apartments Inc is headquartered in Warren, Michigan and files with the IRS under EIN 222585796. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Collins Non Profit Apartments Inc have?
Collins Non Profit Apartments Inc has 12 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 $2.9M in total revenue.
What does Collins Non Profit Apartments Inc do?
Collins Non Profit Apartments Inc is a nonprofit organization in the Housing & Shelter sector, located in Warren, Michigan. It is classified under NTEE code L22Z.
How much revenue does Collins Non Profit Apartments Inc have?
Collins Non Profit Apartments Inc reported total revenue of $2,917,410. Based on 12 IRS 990 filings on record.
What are Collins Non Profit Apartments Inc's total assets?
Collins Non Profit Apartments Inc holds total assets of $9,053,455 as reported in IRS 990 filings.
Where is Collins Non Profit Apartments Inc located?
Collins Non Profit Apartments Inc is based in Warren, Michigan.
What is Collins Non Profit Apartments Inc's EIN?
Collins Non Profit Apartments Inc's Employer Identification Number (EIN) is 222585796. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Collins Non Profit Apartments Inc?
Collins Non Profit Apartments Inc is classified under NTEE code L22Z (Housing & Shelter).
Is Collins Non Profit Apartments Inc a registered 501(c)(3)?
Yes, Collins Non Profit Apartments Inc is recognized as a tax-exempt organization by the IRS. EIN: 222585796.
Does Collins Non Profit Apartments Inc file IRS Form 990?
Yes, Collins Non Profit Apartments Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Collins Non Profit Apartments Inc's revenue in 2023?
In the 202306 filing period, Collins Non Profit Apartments Inc reported total revenue of $2,379,817, total expenses of $5,527,685, and net assets of $12,815,894.
Is Collins Non Profit Apartments Inc's revenue growing or declining?
Collins Non Profit Apartments Inc's revenue is growing. Revenue went from $1,573,013 (202206) to $2,379,817 (202306), a +51.3% change. Based on 12 filings on record.
What is Collins Non Profit Apartments Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Collins Non Profit Apartments Inc covers tax period 202306. It shows revenue of $2,379,817, expenses of $5,527,685, total assets of $12,815,894, and liabilities of $19,007,437.
How much does Collins Non Profit Apartments Inc spend on programs vs administration?
Based on IRS 990 analysis, Collins Non Profit Apartments Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Collins Non Profit Apartments Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Collins Non Profit Apartments Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Collins Non Profit Apartments Inc?
The following concerns were identified: Significant liabilities consistently outweigh assets, with 2023 liabilities at $19,007,437 against assets of $12,815,894, raising concerns about long-term financial stability.. The 'c0%' compensation reported across all years could indicate that executive compensation is either paid by a related entity or not disclosed in a standard manner, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Collins Non Profit Apartments Inc's strengths?
Positive indicators for Collins Non Profit Apartments Inc include: Demonstrated strong revenue growth from $1,487,394 in 2016 to $2,379,817 in 2023, indicating increasing operational scale.. Consistent reporting of 'c0%' for compensation suggests a lean administrative structure or alternative compensation arrangements.. These findings are derived from AI analysis of the organization's financial filings.
How does Collins Non Profit Apartments Inc compensate executives?
Based on the provided data, Collins Non Profit Apartments Inc consistently reports 'c0%' for compensation, suggesting no direct executive compensation is disclosed in these filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation, how does the organization manage its leadership and administrative functions, and what are the actual costs associated with these roles?
The 'c0%' compensation reported in the filings suggests that either leadership is entirely volunteer-based, compensated by a related entity not reflected in these specific filings, or compensation is structured in a way that falls outside the standard reporting categories for officers, directors, trustees, and key employees. Further investigation into their operational structure and related party transactions would be necessary to understand the true administrative costs.
What is the strategic plan for addressing the persistent and growing disparity between total assets and total liabilities, which reached over $6 million in 2023?
The consistent and increasing gap between assets and liabilities, with liabilities significantly exceeding assets, indicates a high level of debt or other obligations. A strategic plan would likely involve initiatives to increase revenue streams, secure additional funding, or restructure existing debt to improve the organization's financial leverage and long-term solvency.
Filing History
IRS 990 filing history for Collins Non Profit Apartments Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Collins Non Profit Apartments Inc's revenue has grown by 63.3%, moving from $1.5M to $2.4M. Total assets increased by 292.5% over the same period, from $3.3M to $12.8M. Total functional expenses rose by 293.6%, from $1.4M to $5.5M. In its most recent filing year (2023), Collins Non Profit Apartments Inc reported a deficit of $3.1M, with expenses exceeding revenue. The organization holds $19.0M in liabilities against $12.8M in assets (debt-to-asset ratio: 148.3%), resulting in net assets of $-6,191,543.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $5.5M | $12.8M | $19.0M | — | — |
| 2022 | $1.6M | $1.6M | $2.6M | $5.7M | — | View 990 |
| 2021 | $1.5M | $1.5M | $2.8M | $5.8M | — | View 990 |
| 2020 | $1.6M | $1.5M | $2.9M | $5.9M | — | — |
| 2019 | $1.6M | $1.5M | $2.9M | $6.0M | — | View 990 |
| 2018 | $1.6M | $1.5M | $2.9M | $6.1M | — | View 990 |
| 2017 | $1.5M | $1.5M | $3.0M | $6.2M | — | View 990 |
| 2016 | $1.5M | $1.5M | $3.0M | $6.3M | — | View 990 |
| 2015 | $1.5M | $1.5M | $3.1M | $6.3M | — | View 990 |
| 2014 | $1.5M | $1.4M | $3.1M | $6.4M | — | View 990 |
| 2013 | $1.4M | $1.5M | $3.3M | $6.6M | — | View 990 |
| 2012 | $1.5M | $1.4M | $3.3M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $5.5M, and assets of $12.8M (revenue +51.3% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.6M, and assets of $2.6M (revenue +2.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $2.8M (revenue -4.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.5M, and assets of $2.9M (revenue +1.0% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $2.9M (revenue +1.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $2.9M (revenue +2.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $3.0M (revenue +2.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $3.0M (revenue -0.6% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $3.1M (revenue +1.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $3.1M (revenue +2.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $3.3M (revenue -0.8% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Collins Non Profit Apartments Inc:
Data Sources and Methodology
This transparency report for Collins Non Profit Apartments 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.