Franklin Vance Warren Wilson Housing Of Wilson Inc
EIN: 561564832 · Myrtle Beach, SC · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $378K |
| Total Expenses | $337K |
| Net Assets | $-260,995 |
Is Franklin Vance Warren Wilson Housing Of Wilson Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Franklin Vance Warren Wilson Housing Of Wilson Inc
Franklin Vance Warren Wilson Housing Of Wilson Inc (EIN: 561564832) is a nonprofit organization based in Myrtle Beach, SC, classified under NTEE code L20Z. The organization reported total revenue of $378K and total assets of $888K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Vance Warren Wilson Housing Of Wilson Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Vance Warren Wilson Housing Of Wilson Inc is a small nonprofit that has been operating for 39 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $367K |
| Total Expenses | $337K |
| Surplus / Deficit | +$31K |
| Total Assets | $905K |
| Total Liabilities | $1.2M |
| Net Assets | $-260,995 |
| Operating Margin | 8.4% |
| Debt-to-Asset Ratio | 128.8% |
| Months of Reserves | 32.3 months |
Financial Health Grade: A
In 2023, Franklin Vance Warren Wilson Housing Of Wilson Inc reported a surplus of $31K with revenue exceeding expenses, holds 32.3 months of operating reserves (strong position), has a debt-to-asset ratio of 128.8% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Franklin Vance Warren Wilson Housing Of Wilson Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | -5.1% | +1.9% |
| 2022 | +2.5% | -8.5% | -3.7% |
| 2021 | +0.6% | +16.2% | -7.0% |
| 2020 | +6.9% | -0.1% | -1.7% |
| 2019 | -1.9% | +2.9% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Franklin Vance Warren Wilson Housing Of Wilson 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 Franklin Vance Warren Wilson Housing Of Wilson 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 $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 128.8%.
Frequently Asked Questions about Franklin Vance Warren Wilson Housing Of Wilson Inc
Is Franklin Vance Warren Wilson Housing Of Wilson Inc a legitimate charity?
Franklin Vance Warren Wilson Housing Of Wilson Inc (EIN: 561564832) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $378K. No red flags identified. Financial health grade: A.
How does Franklin Vance Warren Wilson Housing Of Wilson Inc spend its money?
Franklin Vance Warren Wilson Housing Of Wilson Inc reported $378K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Franklin Vance Warren Wilson Housing Of Wilson Inc tax-deductible?
Franklin Vance Warren Wilson Housing Of Wilson Inc is registered as a tax-exempt nonprofit (EIN: 561564832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Franklin Vance Warren Wilson Housing Of Wilson Inc located?
Franklin Vance Warren Wilson Housing Of Wilson Inc is headquartered in Myrtle Beach, South Carolina and files with the IRS under EIN 561564832. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Franklin Vance Warren Wilson Housing Of Wilson Inc have?
Franklin Vance Warren Wilson Housing Of Wilson Inc has 12 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 $378K in total revenue.
Filing History
IRS 990 filing history for Franklin Vance Warren Wilson Housing Of Wilson Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Franklin Vance Warren Wilson Housing Of Wilson Inc's revenue has grown by 18.2%, moving from $311K to $367K. Total assets decreased by 28.4% over the same period, from $1.3M to $905K. Total functional expenses rose by 3.7%, from $325K to $337K. In its most recent filing year (2023), Franklin Vance Warren Wilson Housing Of Wilson Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $905K in assets (debt-to-asset ratio: 128.8%), resulting in net assets of $-260,995.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $367K | $337K | $905K | $1.2M | — | View 990 |
| 2022 | $359K | $355K | $888K | $1.2M | — | View 990 |
| 2021 | $351K | $387K | $923K | $1.2M | — | View 990 |
| 2020 | $348K | $333K | $992K | $1.3M | — | View 990 |
| 2019 | $326K | $334K | $1.0M | $1.3M | — | View 990 |
| 2018 | $332K | $324K | $1.1M | $1.3M | — | View 990 |
| 2017 | $328K | $326K | $1.0M | $1.3M | — | View 990 |
| 2016 | $321K | $332K | $1.1M | $1.4M | — | View 990 |
| 2015 | $319K | $358K | $1.1M | $1.4M | — | View 990 |
| 2014 | $338K | $344K | $1.2M | $1.4M | — | View 990 |
| 2013 | $315K | $323K | $1.2M | $1.5M | — | View 990 |
| 2012 | $311K | $325K | $1.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $367K, expenses of $337K, and assets of $905K (revenue +2.3% year-over-year).
- 2022: Revenue of $359K, expenses of $355K, and assets of $888K (revenue +2.5% year-over-year).
- 2021: Revenue of $351K, expenses of $387K, and assets of $923K (revenue +0.6% year-over-year).
- 2020: Revenue of $348K, expenses of $333K, and assets of $992K (revenue +6.9% year-over-year).
- 2019: Revenue of $326K, expenses of $334K, and assets of $1.0M (revenue -1.9% year-over-year).
- 2018: Revenue of $332K, expenses of $324K, and assets of $1.1M (revenue +1.3% year-over-year).
- 2017: Revenue of $328K, expenses of $326K, and assets of $1.0M (revenue +2.2% year-over-year).
- 2016: Revenue of $321K, expenses of $332K, and assets of $1.1M (revenue +0.8% year-over-year).
- 2015: Revenue of $319K, expenses of $358K, and assets of $1.1M (revenue -5.8% year-over-year).
- 2014: Revenue of $338K, expenses of $344K, and assets of $1.2M (revenue +7.3% year-over-year).
- 2013: Revenue of $315K, expenses of $323K, and assets of $1.2M (revenue +1.4% year-over-year).
- 2012: Revenue of $311K, expenses of $325K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Vance Warren Wilson Housing Of Wilson Inc:
Data Sources and Methodology
This transparency report for Franklin Vance Warren Wilson Housing Of Wilson 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.