Eleva Housing Inc
EIN: 391204435 · Eau Claire, WI · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $138K |
| Total Expenses | $122K |
| Net Assets | $-138,282 |
Is Eleva Housing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Eleva Housing Inc
Eleva Housing Inc (EIN: 391204435) is a nonprofit organization based in Eau Claire, WI, classified under NTEE code L22Z. The organization reported total revenue of $138K and total assets of $166K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eleva Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eleva Housing Inc is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $122K |
| Surplus / Deficit | +$6K |
| Total Assets | $159K |
| Total Liabilities | $297K |
| Net Assets | $-138,282 |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 187.0% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2023, Eleva Housing Inc reported a surplus of $6K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 187.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eleva Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +6.1% | +3.9% |
| 2022 | +6.6% | -5.2% | -7.6% |
| 2021 | -3.1% | -4.6% | -4.1% |
| 2020 | -0.3% | -6.2% | -9.5% |
| 2019 | -3.0% | +15.1% | -11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Eleva Housing 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 Eleva Housing 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 187.0%.
Frequently Asked Questions about Eleva Housing Inc
Is Eleva Housing Inc a legitimate charity?
Eleva Housing Inc (EIN: 391204435) is a registered tax-exempt nonprofit based in Wisconsin. It has 13 years of IRS 990 filings on record. Total revenue: $138K. No red flags identified. Financial health grade: A.
How does Eleva Housing Inc spend its money?
Eleva Housing Inc reported $138K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Eleva Housing Inc tax-deductible?
Eleva Housing Inc is registered as a tax-exempt nonprofit (EIN: 391204435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Eleva Housing Inc located?
Eleva Housing Inc is headquartered in Eau Claire, Wisconsin and files with the IRS under EIN 391204435. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Eleva Housing Inc have?
Eleva Housing Inc has 13 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 $138K in total revenue.
Filing History
IRS 990 filing history for Eleva Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eleva Housing Inc's revenue has grown by 43.7%, moving from $89K to $128K. Total assets decreased by 43.4% over the same period, from $280K to $159K. Total functional expenses rose by 35.2%, from $90K to $122K. In its most recent filing year (2023), Eleva Housing Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $297K in liabilities against $159K in assets (debt-to-asset ratio: 187.0%), resulting in net assets of $-138,282.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $122K | $159K | $297K | — | — |
| 2022 | $116K | $115K | $153K | $297K | — | — |
| 2021 | $109K | $121K | $165K | $311K | — | — |
| 2020 | $112K | $127K | $173K | $306K | — | View 990 |
| 2019 | $112K | $135K | $191K | $310K | — | View 990 |
| 2018 | $116K | $117K | $216K | $312K | — | View 990 |
| 2017 | $122K | $133K | $221K | $316K | — | View 990 |
| 2016 | $110K | $118K | $242K | $326K | — | View 990 |
| 2015 | $107K | $111K | $251K | $328K | — | View 990 |
| 2014 | $103K | $111K | $257K | $330K | — | View 990 |
| 2013 | $95K | $116K | $268K | $332K | — | View 990 |
| 2012 | $94K | $95K | $289K | $332K | — | View 990 |
| 2011 | $89K | $90K | $280K | $323K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $122K, and assets of $159K (revenue +10.4% year-over-year).
- 2022: Revenue of $116K, expenses of $115K, and assets of $153K (revenue +6.6% year-over-year).
- 2021: Revenue of $109K, expenses of $121K, and assets of $165K (revenue -3.1% year-over-year).
- 2020: Revenue of $112K, expenses of $127K, and assets of $173K (revenue -0.3% year-over-year).
- 2019: Revenue of $112K, expenses of $135K, and assets of $191K (revenue -3.0% year-over-year).
- 2018: Revenue of $116K, expenses of $117K, and assets of $216K (revenue -5.1% year-over-year).
- 2017: Revenue of $122K, expenses of $133K, and assets of $221K (revenue +10.6% year-over-year).
- 2016: Revenue of $110K, expenses of $118K, and assets of $242K (revenue +3.1% year-over-year).
- 2015: Revenue of $107K, expenses of $111K, and assets of $251K (revenue +4.5% year-over-year).
- 2014: Revenue of $103K, expenses of $111K, and assets of $257K (revenue +8.2% year-over-year).
- 2013: Revenue of $95K, expenses of $116K, and assets of $268K (revenue +1.3% year-over-year).
- 2012: Revenue of $94K, expenses of $95K, and assets of $289K (revenue +5.2% year-over-year).
- 2011: Revenue of $89K, expenses of $90K, and assets of $280K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eleva Housing Inc:
Data Sources and Methodology
This transparency report for Eleva Housing 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.