Evergreen Apartments Inc
EIN: 621592403 · Martin, TN · NTEE: L40
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $157K |
| Net Assets | $534K |
Is Evergreen Apartments Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Evergreen Apartments Inc
Evergreen Apartments Inc (EIN: 621592403) is a nonprofit organization based in Martin, TN, classified under NTEE code L40. The organization reported total revenue of $117K and total assets of $542K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Evergreen Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Evergreen Apartments Inc is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $117K |
| Total Expenses | $157K |
| Surplus / Deficit | $-40,653 |
| Total Assets | $542K |
| Total Liabilities | $8K |
| Net Assets | $534K |
| Operating Margin | -34.8% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 41.3 months |
Financial Health Grade: B
In 2024, Evergreen Apartments Inc reported a deficit of $41K with expenses exceeding revenue, holds 41.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Evergreen Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.0% | +3.9% | -6.0% |
| 2023 | +0.1% | +6.0% | -7.7% |
| 2022 | +-0.0% | +17.6% | -3.2% |
| 2021 | +0.5% | -4.9% | -1.0% |
| 2020 | -4.1% | -2.8% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Evergreen Apartments 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 Evergreen Apartments 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Evergreen Apartments Inc
Is Evergreen Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Evergreen Apartments Inc (EIN: 621592403) insufficient data. 0 red flags identified, 0 strengths noted.
How does Evergreen Apartments Inc spend its money?
Detailed spending breakdown data is not yet available for Evergreen Apartments Inc. Check back for updated IRS 990 analysis.
Are donations to Evergreen Apartments Inc tax-deductible?
Evergreen Apartments Inc is registered as a tax-exempt nonprofit (EIN: 621592403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Evergreen Apartments Inc located?
Evergreen Apartments Inc is headquartered in Martin, Tennessee and files with the IRS under EIN 621592403. It is classified under NTEE code L40.
How many years of IRS 990 filings does Evergreen Apartments Inc have?
Evergreen Apartments 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 $117K in total revenue.
Filing History
IRS 990 filing history for Evergreen Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Evergreen Apartments Inc's revenue has grown by 14.8%, moving from $102K to $117K. Total assets decreased by 31.8% over the same period, from $794K to $542K. Total functional expenses rose by 49.7%, from $105K to $157K. In its most recent filing year (2024), Evergreen Apartments Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $8K in liabilities against $542K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $534K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $117K | $157K | $542K | $8K | — | View 990 |
| 2023 | $116K | $152K | $576K | $2K | — | View 990 |
| 2022 | $115K | $143K | $625K | $14K | — | View 990 |
| 2021 | $115K | $122K | $645K | $7K | — | — |
| 2020 | $115K | $128K | $651K | $8K | — | View 990 |
| 2019 | $120K | $131K | $668K | $12K | — | View 990 |
| 2018 | $115K | $139K | $683K | $15K | — | View 990 |
| 2017 | $112K | $140K | $707K | $14K | — | View 990 |
| 2016 | $1.3M | $129K | $737K | $17K | — | View 990 |
| 2015 | $105K | $192K | $755K | $1.2M | — | View 990 |
| 2014 | $104K | $118K | $778K | $1.1M | — | View 990 |
| 2013 | $99K | $108K | $786K | $1.1M | — | View 990 |
| 2012 | $102K | $105K | $794K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $117K, expenses of $157K, and assets of $542K (revenue +1.0% year-over-year).
- 2023: Revenue of $116K, expenses of $152K, and assets of $576K (revenue +0.1% year-over-year).
- 2022: Revenue of $115K, expenses of $143K, and assets of $625K (revenue +-0.0% year-over-year).
- 2021: Revenue of $115K, expenses of $122K, and assets of $645K (revenue +0.5% year-over-year).
- 2020: Revenue of $115K, expenses of $128K, and assets of $651K (revenue -4.1% year-over-year).
- 2019: Revenue of $120K, expenses of $131K, and assets of $668K (revenue +4.0% year-over-year).
- 2018: Revenue of $115K, expenses of $139K, and assets of $683K (revenue +2.6% year-over-year).
- 2017: Revenue of $112K, expenses of $140K, and assets of $707K (revenue -91.3% year-over-year).
- 2016: Revenue of $1.3M, expenses of $129K, and assets of $737K (revenue +1130.8% year-over-year).
- 2015: Revenue of $105K, expenses of $192K, and assets of $755K (revenue +1.1% year-over-year).
- 2014: Revenue of $104K, expenses of $118K, and assets of $778K (revenue +4.9% year-over-year).
- 2013: Revenue of $99K, expenses of $108K, and assets of $786K (revenue -2.6% year-over-year).
- 2012: Revenue of $102K, expenses of $105K, and assets of $794K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Evergreen Apartments Inc:
Data Sources and Methodology
This transparency report for Evergreen Apartments 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.