Friendly Temple Apartments Ii Inc
Friendly Temple Apartments II Inc. consistently spends more than it earns, leading to declining assets and high liabilities.
EIN: 141936504 · Saint Louis, MO · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $316K |
| Total Expenses | $673K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $-1,794,247 |
| Transparency Score | 65/100 |
Is Friendly Temple Apartments Ii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friendly Temple Apartments Ii Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friendly Temple Apartments Ii Inc
Friendly Temple Apartments Ii Inc (EIN: 141936504) is a nonprofit organization based in Saint Louis, MO, classified under NTEE code L21. The organization reported total revenue of $316K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendly Temple Apartments Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendly Temple Apartments Ii Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $528K |
| Total Expenses | $673K |
| Surplus / Deficit | $-144,676 |
| Total Assets | $3.9M |
| Total Liabilities | $5.7M |
| Net Assets | $-1,794,247 |
| Operating Margin | -27.4% |
| Debt-to-Asset Ratio | 145.5% |
| Months of Reserves | 70.4 months |
Financial Health Grade: C
In 2023, Friendly Temple Apartments Ii Inc reported a deficit of $145K with expenses exceeding revenue, holds 70.4 months of operating reserves (strong position), has a debt-to-asset ratio of 145.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Friendly Temple Apartments Ii Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.9% | +36.0% | -0.9% |
| 2022 | +2.7% | -0.9% | -2.9% |
| 2021 | +24.9% | +14.0% | -2.4% |
| 2020 | -18.9% | +8.8% | -3.6% |
| 2019 | +19.5% | -6.3% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Friendly Temple Apartments Ii Inc with a Mission Score of 65 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Friendly Temple Apartments Ii Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. 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 $145K, with expenses exceeding revenue.
- Debt-to-asset ratio: 145.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly efficient for an organization of its size with assets of nearly $4 million.
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 Friendly Temple Apartments Ii Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceed revenue in all reported periods)
- Declining asset base over the past decade (from $4.84M in 2014 to $3.94M in 2023)
- Liabilities consistently exceed assets, indicating a highly leveraged financial position
Strengths
The following positive indicators were identified for Friendly Temple Apartments Ii Inc:
- Zero executive compensation reported across all filings, indicating high efficiency in this area
- Focus on program delivery with no reported fundraising expenses, suggesting direct application of funds
Frequently Asked Questions about Friendly Temple Apartments Ii Inc
Is Friendly Temple Apartments Ii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendly Temple Apartments Ii Inc (EIN: 141936504) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Friendly Temple Apartments Ii Inc spend its money?
Friendly Temple Apartments Ii Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friendly Temple Apartments Ii Inc tax-deductible?
Friendly Temple Apartments Ii Inc is registered as a tax-exempt nonprofit (EIN: 141936504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friendly Temple Apartments Ii Inc CEO make?
Friendly Temple Apartments Ii Inc's highest-compensated officer earns $4 annually. The organization reported $316K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Friendly Temple Apartments Ii Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Friendly Temple Apartments Ii Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friendly Temple Apartments Ii Inc located?
Friendly Temple Apartments Ii Inc is headquartered in Saint Louis, Missouri and files with the IRS under EIN 141936504. It is classified under NTEE code L21.
How many years of IRS 990 filings does Friendly Temple Apartments Ii Inc have?
Friendly Temple Apartments Ii 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 $316K in total revenue.
Is Friendly Temple Apartments II Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for at least the past decade, with a $144,676 deficit in 2023. This trend, coupled with declining assets and high liabilities, raises concerns about long-term financial sustainability without a change in financial strategy.
What is the primary source of funding for Friendly Temple Apartments II Inc. given its revenue-expense gap?
The provided data does not specify the primary funding sources beyond general revenue. However, the consistent deficits suggest a reliance on drawing down assets or other non-operating income to cover expenses, as liabilities remain high.
How does the organization manage its significant liabilities, which consistently exceed its assets?
With liabilities consistently exceeding assets (e.g., $5,739,231 in liabilities vs. $3,944,984 in assets in 2023), the organization appears to be highly leveraged. The nature of these liabilities (e.g., mortgages for the apartments) would need further investigation to understand their long-term management strategy.
Filing History
IRS 990 filing history for Friendly Temple Apartments Ii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friendly Temple Apartments Ii Inc's revenue has grown by 145.2%, moving from $215K to $528K. Total assets decreased by 24.1% over the same period, from $5.2M to $3.9M. Total functional expenses rose by 98.6%, from $339K to $673K. In its most recent filing year (2023), Friendly Temple Apartments Ii Inc reported a deficit of $145K, with expenses exceeding revenue. The organization holds $5.7M in liabilities against $3.9M in assets (debt-to-asset ratio: 145.5%), resulting in net assets of $-1,794,247.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $528K | $673K | $3.9M | $5.7M | — | — |
| 2022 | $389K | $495K | $4.0M | $5.6M | — | — |
| 2021 | $378K | $499K | $4.1M | $5.6M | — | View 990 |
| 2020 | $303K | $438K | $4.2M | $5.6M | — | View 990 |
| 2019 | $374K | $402K | $4.4M | $5.6M | — | View 990 |
| 2018 | $313K | $429K | $4.4M | $5.6M | — | View 990 |
| 2017 | $303K | $394K | $4.5M | $5.6M | — | View 990 |
| 2016 | $282K | $412K | $4.6M | $5.6M | — | View 990 |
| 2015 | $280K | $407K | $4.7M | $5.6M | — | View 990 |
| 2014 | $270K | $376K | $4.8M | $5.6M | — | View 990 |
| 2013 | $231K | $366K | $4.9M | $5.6M | — | View 990 |
| 2012 | $231K | $348K | $5.1M | $5.6M | — | View 990 |
| 2011 | $215K | $339K | $5.2M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $528K, expenses of $673K, and assets of $3.9M (revenue +35.9% year-over-year).
- 2022: Revenue of $389K, expenses of $495K, and assets of $4.0M (revenue +2.7% year-over-year).
- 2021: Revenue of $378K, expenses of $499K, and assets of $4.1M (revenue +24.9% year-over-year).
- 2020: Revenue of $303K, expenses of $438K, and assets of $4.2M (revenue -18.9% year-over-year).
- 2019: Revenue of $374K, expenses of $402K, and assets of $4.4M (revenue +19.5% year-over-year).
- 2018: Revenue of $313K, expenses of $429K, and assets of $4.4M (revenue +3.0% year-over-year).
- 2017: Revenue of $303K, expenses of $394K, and assets of $4.5M (revenue +7.8% year-over-year).
- 2016: Revenue of $282K, expenses of $412K, and assets of $4.6M (revenue +0.6% year-over-year).
- 2015: Revenue of $280K, expenses of $407K, and assets of $4.7M (revenue +3.6% year-over-year).
- 2014: Revenue of $270K, expenses of $376K, and assets of $4.8M (revenue +16.8% year-over-year).
- 2013: Revenue of $231K, expenses of $366K, and assets of $4.9M (revenue -0.1% year-over-year).
- 2012: Revenue of $231K, expenses of $348K, and assets of $5.1M (revenue +7.5% year-over-year).
- 2011: Revenue of $215K, expenses of $339K, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendly Temple Apartments Ii Inc:
Data Sources and Methodology
This transparency report for Friendly Temple Apartments Ii 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.