Eastland Assisted Living Corporation
Eastland Assisted Living Corporation consistently generates revenue but carries significant liabilities exceeding assets.
EIN: 201419878 · Eastland, TX · Updated: 2026-03-28
Is Eastland Assisted Living Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eastland Assisted Living Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eastland Assisted Living Corporation
Eastland Assisted Living Corporation (EIN: 201419878) is a nonprofit organization based in Eastland, TX. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eastland Assisted Living Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eastland Assisted Living Corporation is a mid-size nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$180K |
| Total Assets | $4.1M |
| Total Liabilities | $6.1M |
| Net Assets | $-2,007,344 |
| Operating Margin | 10.9% |
| Debt-to-Asset Ratio | 149.0% |
| Months of Reserves | 33.4 months |
Financial Health Grade: A
In 2016, Eastland Assisted Living Corporation reported a surplus of $180K with revenue exceeding expenses, holds 33.4 months of operating reserves (strong position), has a debt-to-asset ratio of 149.0% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Eastland Assisted Living Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | +4.9% | -1.0% | -7.0% |
| 2015 | +1.8% | -2.6% | +4.1% |
| 2014 | -8.5% | -5.3% | +0.3% |
| 2013 | +21.3% | -11.5% | -1.3% |
| 2012 | +3.3% | +16.6% | -2.4% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Eastland Assisted Living Corporation with a Mission Score of 60 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: 75%
- fundraising: 10%
According to IRS 990 filings, Eastland Assisted Living Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $180K, with revenue exceeding expenses.
- Debt-to-asset ratio: 149.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which could indicate a volunteer-led executive team or that compensation is categorized differently, warranting further inquiry for full transparency.
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 Eastland Assisted Living Corporation's IRS 990 filings:
- Consistent negative net asset position (liabilities significantly exceed assets across all periods)
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering efficiency analysis
- No reported officer compensation, which could be a transparency issue if executives are compensated but not itemized
Strengths
The following positive indicators were identified for Eastland Assisted Living Corporation:
- Consistent annual revenue generation ($1.3M - $1.6M)
- Generally positive operating margins in recent years (revenue exceeding expenses)
- Stable asset base over the reporting period
Frequently Asked Questions about Eastland Assisted Living Corporation
Is Eastland Assisted Living Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Eastland Assisted Living Corporation (EIN: 201419878) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Eastland Assisted Living Corporation spend its money?
Eastland Assisted Living Corporation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Eastland Assisted Living Corporation tax-deductible?
Eastland Assisted Living Corporation is registered as a tax-exempt nonprofit (EIN: 201419878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of Eastland Assisted Living Corporation's significant liabilities that consistently exceed its assets?
The filings consistently show liabilities significantly higher than assets (e.g., $6,104,212 liabilities vs. $4,096,868 assets in 2016), suggesting a substantial debt burden or other long-term financial obligations that need clarification.
Why is no officer compensation reported in any of the available IRS 990 filings?
The absence of reported officer compensation (0%) across all filings could mean the executive leadership is entirely volunteer-based, or that compensation is included in other expense categories, which would affect transparency.
What is the organization's long-term strategy for addressing its negative net asset position?
Despite positive operating margins in recent years, the organization consistently has negative net assets. Understanding their plan to improve their balance sheet is crucial for long-term financial health.
Filing History
IRS 990 filing history for Eastland Assisted Living Corporation showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Eastland Assisted Living Corporation's revenue has grown by 22.5%, moving from $1.3M to $1.7M. Total assets decreased by 6.4% over the same period, from $4.4M to $4.1M. Total functional expenses fell by 5.9%, from $1.6M to $1.5M. In its most recent filing year (2016), Eastland Assisted Living Corporation reported a surplus of $180K, with revenue exceeding expenses. The organization holds $6.1M in liabilities against $4.1M in assets (debt-to-asset ratio: 149.0%), resulting in net assets of $-2,007,344.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $1.7M | $1.5M | $4.1M | $6.1M | — | View 990 |
| 2015 | $1.6M | $1.5M | $4.4M | $6.0M | — | View 990 |
| 2014 | $1.5M | $1.5M | $4.2M | $5.9M | — | View 990 |
| 2013 | $1.7M | $1.6M | $4.2M | $5.9M | — | View 990 |
| 2012 | $1.4M | $1.8M | $4.3M | $6.1M | — | View 990 |
| 2011 | $1.3M | $1.6M | $4.4M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $4.1M (revenue +4.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $4.4M (revenue +1.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $4.2M (revenue -8.5% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $4.2M (revenue +21.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.8M, and assets of $4.3M (revenue +3.3% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.6M, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eastland Assisted Living Corporation:
Data Sources and Methodology
This transparency report for Eastland Assisted Living Corporation 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.