Elite Choice Properties Inc
EIN: 813886910 · Milledgeville, GA · NTEE: L20
Is Elite Choice Properties Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Elite Choice Properties Inc
Elite Choice Properties Inc (EIN: 813886910) is a nonprofit organization based in Milledgeville, GA, classified under NTEE code L20. The organization reported total revenue of $950K and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elite Choice Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elite Choice Properties Inc is a small nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 32.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $842K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-228,335 |
| Total Assets | $4.5M |
| Total Liabilities | $3.9M |
| Net Assets | $595K |
| Operating Margin | -27.1% |
| Debt-to-Asset Ratio | 86.7% |
| Months of Reserves | 50.1 months |
Financial Health Grade: C
In 2023, Elite Choice Properties Inc reported a deficit of $228K with expenses exceeding revenue, holds 50.1 months of operating reserves (strong position), has a debt-to-asset ratio of 86.7% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Elite Choice Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -3.7% | -3.2% |
| 2022 | -5.8% | -6.1% | -5.0% |
| 2021 | -11.8% | +26.5% | -4.5% |
| 2020 | +28.3% | -15.0% | -1.0% |
| 2019 | +266.8% | +296.6% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Elite Choice Properties 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 Elite Choice Properties 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 deficit of $228K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.7%.
Frequently Asked Questions about Elite Choice Properties Inc
Is Elite Choice Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elite Choice Properties Inc (EIN: 813886910) insufficient data. 0 red flags identified, 0 strengths noted.
How does Elite Choice Properties Inc spend its money?
Detailed spending breakdown data is not yet available for Elite Choice Properties Inc. Check back for updated IRS 990 analysis.
Are donations to Elite Choice Properties Inc tax-deductible?
Elite Choice Properties Inc is registered as a tax-exempt nonprofit (EIN: 813886910). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Elite Choice Properties Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Elite Choice Properties Inc's revenue has grown by 306.5%, moving from $207K to $842K. Total assets decreased by 5.1% over the same period, from $4.7M to $4.5M. Total functional expenses rose by 285.6%, from $278K to $1.1M. In its most recent filing year (2023), Elite Choice Properties Inc reported a deficit of $228K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $4.5M in assets (debt-to-asset ratio: 86.7%), resulting in net assets of $595K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $842K | $1.1M | $4.5M | $3.9M | — | — |
| 2022 | $810K | $1.1M | $4.6M | $3.8M | — | — |
| 2021 | $860K | $1.2M | $4.9M | $3.7M | — | View 990 |
| 2020 | $975K | $936K | $5.1M | $3.6M | — | — |
| 2019 | $760K | $1.1M | $5.1M | $3.8M | — | View 990 |
| 2018 | $207K | $278K | $4.7M | $3.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $842K, expenses of $1.1M, and assets of $4.5M (revenue +3.9% year-over-year).
- 2022: Revenue of $810K, expenses of $1.1M, and assets of $4.6M (revenue -5.8% year-over-year).
- 2021: Revenue of $860K, expenses of $1.2M, and assets of $4.9M (revenue -11.8% year-over-year).
- 2020: Revenue of $975K, expenses of $936K, and assets of $5.1M (revenue +28.3% year-over-year).
- 2019: Revenue of $760K, expenses of $1.1M, and assets of $5.1M (revenue +266.8% year-over-year).
- 2018: Revenue of $207K, expenses of $278K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elite Choice Properties Inc:
Data Sources and Methodology
This transparency report for Elite Choice Properties 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.