Ebenezer Lakes Senior Housing
EIN: 320190409 · Edina, MN · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $248K |
| Total Expenses | $372K |
| Net Assets | $2.2M |
Is Ebenezer Lakes Senior Housing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ebenezer Lakes Senior Housing
Ebenezer Lakes Senior Housing (EIN: 320190409) is a nonprofit organization based in Edina, MN, classified under NTEE code L22. The organization reported total revenue of $248K and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ebenezer Lakes Senior Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ebenezer Lakes Senior Housing is a small nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $225K |
| Total Expenses | $372K |
| Surplus / Deficit | $-146,408 |
| Total Assets | $2.9M |
| Total Liabilities | $697K |
| Net Assets | $2.2M |
| Operating Margin | -65.0% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 93.2 months |
Financial Health Grade: B
In 2023, Ebenezer Lakes Senior Housing reported a deficit of $146K with expenses exceeding revenue, holds 93.2 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 9 years of filings (2015–2023), Ebenezer Lakes Senior Housing's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | +2.8% | -3.5% |
| 2022 | +3.5% | +4.3% | -2.6% |
| 2021 | +4.2% | +0.6% | +0.6% |
| 2020 | +3.2% | +4.8% | -1.5% |
| 2019 | +1.7% | +6.0% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ebenezer Lakes Senior Housing 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 Ebenezer Lakes Senior Housing 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 $146K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.2%.
Frequently Asked Questions about Ebenezer Lakes Senior Housing
Is Ebenezer Lakes Senior Housing a legitimate charity?
Ebenezer Lakes Senior Housing (EIN: 320190409) is a registered tax-exempt nonprofit based in Minnesota. It has 9 years of IRS 990 filings on record. Total revenue: $248K. No red flags identified. Financial health grade: B.
How does Ebenezer Lakes Senior Housing spend its money?
Ebenezer Lakes Senior Housing reported $248K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ebenezer Lakes Senior Housing tax-deductible?
Ebenezer Lakes Senior Housing is registered as a tax-exempt nonprofit (EIN: 320190409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ebenezer Lakes Senior Housing located?
Ebenezer Lakes Senior Housing is headquartered in Edina, Minnesota and files with the IRS under EIN 320190409. It is classified under NTEE code L22.
How many years of IRS 990 filings does Ebenezer Lakes Senior Housing have?
Ebenezer Lakes Senior Housing has 9 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 $248K in total revenue.
Filing History
IRS 990 filing history for Ebenezer Lakes Senior Housing showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Ebenezer Lakes Senior Housing's revenue has grown by 23.7%, moving from $182K to $225K. Total assets decreased by 16.9% over the same period, from $3.5M to $2.9M. Total functional expenses rose by 44.1%, from $258K to $372K. In its most recent filing year (2023), Ebenezer Lakes Senior Housing reported a deficit of $146K, with expenses exceeding revenue. The organization holds $697K in liabilities against $2.9M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $225K | $372K | $2.9M | $697K | — | — |
| 2022 | $215K | $362K | $3.0M | $656K | — | View 990 |
| 2021 | $208K | $347K | $3.1M | $589K | — | View 990 |
| 2020 | $199K | $345K | $3.1M | $431K | — | — |
| 2019 | $193K | $329K | $3.1M | $334K | — | View 990 |
| 2018 | $190K | $310K | $3.2M | $273K | — | View 990 |
| 2017 | $184K | $351K | $3.2M | $221K | — | — |
| 2016 | $183K | $356K | $3.3M | $157K | — | View 990 |
| 2015 | $182K | $258K | $3.5M | $111K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $225K, expenses of $372K, and assets of $2.9M (revenue +4.8% year-over-year).
- 2022: Revenue of $215K, expenses of $362K, and assets of $3.0M (revenue +3.5% year-over-year).
- 2021: Revenue of $208K, expenses of $347K, and assets of $3.1M (revenue +4.2% year-over-year).
- 2020: Revenue of $199K, expenses of $345K, and assets of $3.1M (revenue +3.2% year-over-year).
- 2019: Revenue of $193K, expenses of $329K, and assets of $3.1M (revenue +1.7% year-over-year).
- 2018: Revenue of $190K, expenses of $310K, and assets of $3.2M (revenue +3.3% year-over-year).
- 2017: Revenue of $184K, expenses of $351K, and assets of $3.2M (revenue +0.6% year-over-year).
- 2016: Revenue of $183K, expenses of $356K, and assets of $3.3M (revenue +0.3% year-over-year).
- 2015: Revenue of $182K, expenses of $258K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ebenezer Lakes Senior Housing:
Data Sources and Methodology
This transparency report for Ebenezer Lakes Senior Housing 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.