Eleven East Corp
Eleven East Corp experiences recent operating deficits despite consistent revenue, with no reported officer compensation.
EIN: 203274920 · Austin, TX · NTEE: B19 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Eleven East Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Eleven East Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eleven East Corp
Eleven East Corp (EIN: 203274920) is a nonprofit organization based in Austin, TX, classified under NTEE code B19. The organization reported total revenue of $2.0M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eleven East Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eleven East Corp is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-233,184 |
| Total Assets | $7.6M |
| Total Liabilities | $6.3M |
| Net Assets | $1.3M |
| Operating Margin | -10.7% |
| Debt-to-Asset Ratio | 82.7% |
| Months of Reserves | 37.9 months |
Financial Health Grade: C
In 2023, Eleven East Corp reported a deficit of $233K with expenses exceeding revenue, holds 37.9 months of operating reserves (strong position), has a debt-to-asset ratio of 82.7% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Eleven East Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | -8.4% | -6.5% |
| 2022 | -1.4% | +21.2% | -10.3% |
| 2021 | +7.3% | +39.5% | -2.6% |
| 2020 | -3.4% | -11.8% | +0.3% |
| 2019 | +4.4% | -5.1% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Eleven East Corp 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Eleven East Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $233K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.7%.
Executive Compensation Analysis
Eleven East Corp consistently reports 0% officer compensation across all 11 filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization with over $2 million in annual revenue and over $7 million in assets.
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 Eleven East Corp's IRS 990 filings:
- Consistent operating deficits in recent years (2022, 2023) where expenses exceeded revenue.
- Declining asset base from $9.7M in 2017 to $7.6M in 2023.
- Substantial and consistent liabilities, exceeding $6M in recent years, which could indicate significant debt burden.
Strengths
The following positive indicators were identified for Eleven East Corp:
- Consistent revenue generation, averaging around $2 million annually over a decade.
- Zero reported officer compensation across all 11 filings, indicating a highly lean executive overhead.
- Long and consistent filing history (11 filings), demonstrating transparency and stability.
- Significant asset base ($7.6M in 2023) providing a buffer for operations.
Frequently Asked Questions about Eleven East Corp
Is Eleven East Corp a legitimate charity?
Eleven East Corp (EIN: 203274920) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $2.0M. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does Eleven East Corp spend its money?
Eleven East Corp directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Eleven East Corp tax-deductible?
Eleven East Corp is registered as a tax-exempt nonprofit (EIN: 203274920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Eleven East Corp CEO make?
Eleven East Corp's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Eleven East Corp's spending goes to programs?
Eleven East Corp directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Eleven East Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Eleven East Corp is above average for NTEE category B19 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eleven East Corp located?
Eleven East Corp is headquartered in Austin, Texas and files with the IRS under EIN 203274920. It is classified under NTEE code B19.
How many years of IRS 990 filings does Eleven East Corp have?
Eleven East Corp has 11 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 $2.0M in total revenue.
Is Eleven East Corp financially sustainable given recent operating deficits?
Eleven East Corp has experienced operating deficits in 2023 ($233,184) and 2022 ($539,322), where expenses exceeded revenue. While the organization has a substantial asset base of $7,602,490 in 2023, continued deficits could erode these assets over time, raising questions about long-term financial sustainability if not addressed.
How does Eleven East Corp manage its significant liabilities?
The organization has consistently carried substantial liabilities, ranging from $6,285,132 in 2023 to $9,333,877 in 2014. The nature of these liabilities (e.g., mortgages, program-related debt) is not detailed in the provided data, but their consistent presence and magnitude suggest they are integral to the organization's operations, likely related to its housing development mission.
What is the reason for zero officer compensation?
The IRS 990 filings consistently report 0% officer compensation. This could mean that officers are volunteers, compensated through other means not reported as officer compensation, or that the organization has a unique operational structure where executive leadership is not salaried in the traditional sense. This is a significant positive for donor perception of overhead.
Has the organization's asset base been declining?
Yes, the organization's assets have shown a declining trend in recent years, from a peak of $9,713,738 in 2017 to $7,602,490 in 2023. This decline coincides with periods of operating deficits, suggesting assets may be used to cover expenses or that asset values have depreciated.
Filing History
IRS 990 filing history for Eleven East Corp showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Eleven East Corp's revenue has grown by 31.5%, moving from $1.7M to $2.2M. Total assets decreased by 24.7% over the same period, from $10.1M to $7.6M. Total functional expenses rose by 41.3%, from $1.7M to $2.4M. In its most recent filing year (2023), Eleven East Corp reported a deficit of $233K, with expenses exceeding revenue. The organization holds $6.3M in liabilities against $7.6M in assets (debt-to-asset ratio: 82.7%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.4M | $7.6M | $6.3M | — | — |
| 2022 | $2.1M | $2.6M | $8.1M | $6.6M | — | View 990 |
| 2021 | $2.1M | $2.2M | $9.1M | $7.0M | — | View 990 |
| 2020 | $2.0M | $1.6M | $9.3M | $7.2M | — | View 990 |
| 2019 | $2.0M | $1.8M | $9.3M | $7.6M | — | — |
| 2018 | $2.0M | $1.9M | $9.4M | $8.0M | — | View 990 |
| 2017 | $2.1M | $1.6M | $9.7M | $8.4M | — | View 990 |
| 2016 | $1.8M | $1.6M | $9.5M | $8.6M | — | View 990 |
| 2015 | $1.8M | $1.6M | $9.6M | $9.0M | — | View 990 |
| 2014 | $1.6M | $1.6M | $9.7M | $9.3M | — | View 990 |
| 2013 | $1.7M | $1.7M | $10.1M | $9.8M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.4M, and assets of $7.6M (revenue +4.1% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.6M, and assets of $8.1M (revenue -1.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.2M, and assets of $9.1M (revenue +7.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $1.6M, and assets of $9.3M (revenue -3.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $9.3M (revenue +4.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.9M, and assets of $9.4M (revenue -6.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.6M, and assets of $9.7M (revenue +15.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $9.5M (revenue -0.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $9.6M (revenue +11.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $9.7M (revenue -1.4% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $10.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eleven East Corp:
Data Sources and Methodology
This transparency report for Eleven East Corp 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.