Gering Elderly Housing Corporation
EIN: 363779568 · Lincoln, NE · NTEE: L80Z
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $156K |
| Net Assets | $-664,172 |
Is Gering Elderly Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gering Elderly Housing Corporation
Gering Elderly Housing Corporation (EIN: 363779568) is a nonprofit organization based in Lincoln, NE, classified under NTEE code L80Z. The organization reported total revenue of $189K and total assets of $322K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gering Elderly Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gering Elderly Housing Corporation is a small nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $156K |
| Surplus / Deficit | +$20K |
| Total Assets | $312K |
| Total Liabilities | $976K |
| Net Assets | $-664,172 |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 312.8% |
| Months of Reserves | 24.0 months |
Financial Health Grade: A
In 2024, Gering Elderly Housing Corporation reported a surplus of $20K with revenue exceeding expenses, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 312.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Gering Elderly Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.8% | -8.8% | +6.1% |
| 2023 | +5.5% | +5.1% | -0.8% |
| 2022 | +1.8% | +7.0% | -3.4% |
| 2021 | +2.9% | +5.7% | +1.6% |
| 2020 | +5.0% | -20.2% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gering Elderly Housing Corporation 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 Gering Elderly Housing Corporation 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 surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 312.8%.
Frequently Asked Questions about Gering Elderly Housing Corporation
Is Gering Elderly Housing Corporation a legitimate charity?
Gering Elderly Housing Corporation (EIN: 363779568) is a registered tax-exempt nonprofit based in Nebraska. It has 14 years of IRS 990 filings on record. Total revenue: $189K. No red flags identified. Financial health grade: A.
How does Gering Elderly Housing Corporation spend its money?
Gering Elderly Housing Corporation reported $189K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gering Elderly Housing Corporation tax-deductible?
Gering Elderly Housing Corporation is registered as a tax-exempt nonprofit (EIN: 363779568). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gering Elderly Housing Corporation located?
Gering Elderly Housing Corporation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 363779568. It is classified under NTEE code L80Z.
How many years of IRS 990 filings does Gering Elderly Housing Corporation have?
Gering Elderly Housing Corporation has 14 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 $189K in total revenue.
Filing History
IRS 990 filing history for Gering Elderly Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Gering Elderly Housing Corporation's revenue has grown by 20.3%, moving from $146K to $176K. Total assets decreased by 39.2% over the same period, from $513K to $312K. Total functional expenses rose by 14%, from $137K to $156K. In its most recent filing year (2024), Gering Elderly Housing Corporation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $976K in liabilities against $312K in assets (debt-to-asset ratio: 312.8%), resulting in net assets of $-664,172.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $176K | $156K | $312K | $976K | — | — |
| 2023 | $166K | $171K | $294K | $979K | — | — |
| 2022 | $158K | $163K | $297K | $976K | — | View 990 |
| 2021 | $155K | $152K | $307K | $982K | — | — |
| 2020 | $151K | $144K | $302K | $980K | — | View 990 |
| 2019 | $144K | $180K | $299K | $992K | — | View 990 |
| 2018 | $200K | $149K | $338K | $994K | — | View 990 |
| 2017 | $128K | $181K | $334K | $74K | — | View 990 |
| 2016 | $124K | $169K | $363K | $50K | — | View 990 |
| 2015 | $129K | $169K | $390K | $33K | — | View 990 |
| 2014 | $121K | $163K | $418K | $21K | — | View 990 |
| 2013 | $130K | $152K | $457K | $19K | — | View 990 |
| 2012 | $114K | $152K | $478K | $18K | — | View 990 |
| 2011 | $146K | $137K | $513K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $176K, expenses of $156K, and assets of $312K (revenue +5.8% year-over-year).
- 2023: Revenue of $166K, expenses of $171K, and assets of $294K (revenue +5.5% year-over-year).
- 2022: Revenue of $158K, expenses of $163K, and assets of $297K (revenue +1.8% year-over-year).
- 2021: Revenue of $155K, expenses of $152K, and assets of $307K (revenue +2.9% year-over-year).
- 2020: Revenue of $151K, expenses of $144K, and assets of $302K (revenue +5.0% year-over-year).
- 2019: Revenue of $144K, expenses of $180K, and assets of $299K (revenue -28.2% year-over-year).
- 2018: Revenue of $200K, expenses of $149K, and assets of $338K (revenue +55.6% year-over-year).
- 2017: Revenue of $128K, expenses of $181K, and assets of $334K (revenue +3.2% year-over-year).
- 2016: Revenue of $124K, expenses of $169K, and assets of $363K (revenue -3.8% year-over-year).
- 2015: Revenue of $129K, expenses of $169K, and assets of $390K (revenue +6.7% year-over-year).
- 2014: Revenue of $121K, expenses of $163K, and assets of $418K (revenue -6.6% year-over-year).
- 2013: Revenue of $130K, expenses of $152K, and assets of $457K (revenue +14.0% year-over-year).
- 2012: Revenue of $114K, expenses of $152K, and assets of $478K (revenue -22.2% year-over-year).
- 2011: Revenue of $146K, expenses of $137K, and assets of $513K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gering Elderly Housing Corporation:
Data Sources and Methodology
This transparency report for Gering Elderly Housing Corporation 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.