Corning Senior Apartments
Corning Senior Apartments consistently operates at a deficit, drawing down assets despite no reported officer compensation.
EIN: 200740891 · Osceola, AR · NTEE: L22 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $80K |
| Total Expenses | $96K |
| Program Spending | 85% |
| Net Assets | $536K |
| Transparency Score | 70/100 |
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Corning Senior Apartments Form 990, Revenue, CEO Pay, and IRS Filing Signals
Corning Senior Apartments is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Corning Senior Apartments in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $80K and expenses of $96K.
Revenue and Expenses
Corning Senior Apartments reported $80K in revenue and $96K in expenses, a deficit of $16K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Corning Senior Apartments Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $82K (85%) |
Across stored filings, Corning Senior Apartments shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 14 stored filing years |
| Peer context | Compare with East Arkansas Enterprise Community | Arkansas and Category L context |
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Osceola, AR nonprofitsCategory L in Arkansas
Human Services in Arkansas
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Corning Senior Apartments directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corning Senior Apartments
Corning Senior Apartments (EIN: 200740891) is a nonprofit organization based in Osceola, AR, classified under NTEE code L22. The organization reported total revenue of $80K and total assets of $543K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corning Senior Apartments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corning Senior Apartments is a micro nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $80K |
| Total Expenses | $96K |
| Surplus / Deficit | $-15,825 |
| Total Assets | $543K |
| Total Liabilities | $6K |
| Net Assets | $536K |
| Operating Margin | -19.7% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 67.7 months |
Financial Health Grade: B
In 2024, Corning Senior Apartments reported a deficit of $16K with expenses exceeding revenue, holds 67.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Corning Senior Apartments's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.0% | +20.0% | -3.0% |
| 2023 | +1.7% | -12.8% | -0.8% |
| 2022 | +10.0% | +14.4% | -3.3% |
| 2021 | +6.8% | +8.8% | -2.3% |
| 2020 | -9.6% | -11.5% | -2.7% |
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 Corning Senior Apartments with a Mission Score of 70 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, Corning Senior Apartments 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 $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led board or extremely minimal executive pay, which is highly favorable 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.
Red Flags
The following concerns were identified during AI analysis of Corning Senior Apartments's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in most recent periods, e.g., $96,167 expenses vs. $80,342 revenue in 2024.
- Declining total assets over time, from $676,057 in 2015 to $542,531 in 2024, indicating a draw-down on reserves.
Strengths
The following positive indicators were identified for Corning Senior Apartments:
- No reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Strong asset base relative to liabilities ($542,531 assets vs. $6,259 liabilities in 2024), demonstrating financial solvency.
- Clear focus on its mission (senior housing) as suggested by the NTEE code and the likely nature of its expenses.
Frequently Asked Questions about Corning Senior Apartments
Is Corning Senior Apartments a legitimate charity?
Corning Senior Apartments (EIN: 200740891) is a registered tax-exempt nonprofit based in Arkansas. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $80K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Corning Senior Apartments spend its money?
Corning Senior Apartments directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Corning Senior Apartments tax-deductible?
Corning Senior Apartments is registered as a tax-exempt nonprofit (EIN: 200740891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corning Senior Apartments's spending goes to programs?
Corning Senior Apartments directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Corning Senior Apartments compare to similar nonprofits?
With a transparency score of 70/100 (Good), Corning Senior Apartments is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Corning Senior Apartments located?
Corning Senior Apartments is headquartered in Osceola, Arkansas and files with the IRS under EIN 200740891. It is classified under NTEE code L22.
How many years of IRS 990 filings does Corning Senior Apartments have?
Corning Senior Apartments 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 $80K in total revenue.
How does Corning Senior Apartments cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down on its accumulated assets, as evidenced by the decline in total assets from $676,057 in 2015 to $542,531 in 2024, while expenses frequently exceed revenue.
What is the long-term sustainability outlook given the declining asset base?
The long-term sustainability could be challenged if the trend of operational deficits and declining assets continues without new revenue streams or cost efficiencies. While current assets are strong relative to liabilities, a sustained draw-down is not sustainable indefinitely.
Are there any plans to increase revenue or reduce expenses to achieve financial equilibrium?
The provided IRS 990 data does not detail specific plans for revenue generation or expense reduction. However, the consistent deficits suggest that such strategies would be beneficial for the organization's financial health.
Filing History
IRS 990 filing history for Corning Senior Apartments showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Corning Senior Apartments's revenue has grown by 82%, moving from $44K to $80K. Total assets decreased by 24.4% over the same period, from $718K to $543K. Total functional expenses rose by 57.3%, from $61K to $96K. In its most recent filing year (2024), Corning Senior Apartments reported a deficit of $16K, with expenses exceeding revenue. The organization holds $6K in liabilities against $543K in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $536K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $80K | $96K | $543K | $6K | — | — |
| 2023 | $74K | $80K | $559K | $7K | — | View 990 |
| 2022 | $73K | $92K | $564K | $6K | — | View 990 |
| 2021 | $67K | $80K | $583K | $6K | — | — |
| 2020 | $62K | $74K | $597K | $6K | — | View 990 |
| 2019 | $69K | $83K | $613K | $11K | — | View 990 |
| 2018 | $61K | $76K | $622K | $6K | — | View 990 |
| 2017 | $51K | $76K | $636K | $5K | — | View 990 |
| 2016 | $58K | $71K | $665K | $7K | — | View 990 |
| 2015 | $58K | $65K | $676K | $6K | — | View 990 |
| 2014 | $53K | $68K | $684K | $7K | — | View 990 |
| 2013 | $54K | $65K | $699K | $7K | — | View 990 |
| 2012 | $51K | $60K | $709K | $7K | — | View 990 |
| 2011 | $44K | $61K | $718K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $80K, expenses of $96K, and assets of $543K (revenue +8.0% year-over-year).
- 2023: Revenue of $74K, expenses of $80K, and assets of $559K (revenue +1.7% year-over-year).
- 2022: Revenue of $73K, expenses of $92K, and assets of $564K (revenue +10.0% year-over-year).
- 2021: Revenue of $67K, expenses of $80K, and assets of $583K (revenue +6.8% year-over-year).
- 2020: Revenue of $62K, expenses of $74K, and assets of $597K (revenue -9.6% year-over-year).
- 2019: Revenue of $69K, expenses of $83K, and assets of $613K (revenue +12.4% year-over-year).
- 2018: Revenue of $61K, expenses of $76K, and assets of $622K (revenue +21.4% year-over-year).
- 2017: Revenue of $51K, expenses of $76K, and assets of $636K (revenue -13.4% year-over-year).
- 2016: Revenue of $58K, expenses of $71K, and assets of $665K (revenue +0.7% year-over-year).
- 2015: Revenue of $58K, expenses of $65K, and assets of $676K (revenue +10.2% year-over-year).
- 2014: Revenue of $53K, expenses of $68K, and assets of $684K (revenue -3.2% year-over-year).
- 2013: Revenue of $54K, expenses of $65K, and assets of $699K (revenue +6.6% year-over-year).
- 2012: Revenue of $51K, expenses of $60K, and assets of $709K (revenue +15.2% year-over-year).
- 2011: Revenue of $44K, expenses of $61K, and assets of $718K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corning Senior Apartments:
Data Sources and Methodology
This transparency report for Corning Senior Apartments 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.