Grove Fisco Residential Community Inc
EIN: 352616909 · Glendale, AZ · NTEE: L50
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.0M |
| Net Assets | $-104,824 |
Is Grove Fisco Residential Community Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grove Fisco Residential Community Inc
Grove Fisco Residential Community Inc (EIN: 352616909) is a nonprofit organization based in Glendale, AZ, classified under NTEE code L50. The organization reported total revenue of $3.7M and total assets of $632K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grove Fisco Residential Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grove Fisco Residential Community Inc is a mid-size nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 28.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-324,278 |
| Total Assets | $523K |
| Total Liabilities | $628K |
| Net Assets | $-104,824 |
| Operating Margin | -12.2% |
| Debt-to-Asset Ratio | 120.0% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, Grove Fisco Residential Community Inc reported a deficit of $324K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 120.0% (high leverage).
Financial Trends
Over 3 years of filings (2020–2023), Grove Fisco Residential Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +63.2% | +33.6% | +8.4% |
| 2022 | +29.9% | +76.4% | +114.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grove Fisco Residential Community 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 Grove Fisco Residential Community 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 $324K, with expenses exceeding revenue.
- Debt-to-asset ratio: 120.0%.
Frequently Asked Questions about Grove Fisco Residential Community Inc
Is Grove Fisco Residential Community Inc a legitimate charity?
Grove Fisco Residential Community Inc (EIN: 352616909) is a registered tax-exempt nonprofit based in Arizona. It has 3 years of IRS 990 filings on record. Total revenue: $3.7M. No red flags identified. Financial health grade: D.
How does Grove Fisco Residential Community Inc spend its money?
Grove Fisco Residential Community Inc reported $3.7M in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Grove Fisco Residential Community Inc tax-deductible?
Grove Fisco Residential Community Inc is registered as a tax-exempt nonprofit (EIN: 352616909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grove Fisco Residential Community Inc located?
Grove Fisco Residential Community Inc is headquartered in Glendale, Arizona and files with the IRS under EIN 352616909. It is classified under NTEE code L50.
How many years of IRS 990 filings does Grove Fisco Residential Community Inc have?
Grove Fisco Residential Community Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.7M in total revenue.
Filing History
IRS 990 filing history for Grove Fisco Residential Community Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2023), Grove Fisco Residential Community Inc's revenue has grown by 112.1%, moving from $1.3M to $2.7M. Total assets increased by 132.8% over the same period, from $225K to $523K. Total functional expenses rose by 135.6%, from $1.3M to $3.0M. In its most recent filing year (2023), Grove Fisco Residential Community Inc reported a deficit of $324K, with expenses exceeding revenue. The organization holds $628K in liabilities against $523K in assets (debt-to-asset ratio: 120.0%), resulting in net assets of $-104,824.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.0M | $523K | $628K | — | — |
| 2022 | $1.6M | $2.2M | $483K | $834K | — | View 990 |
| 2020 | $1.3M | $1.3M | $225K | $297K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.0M, and assets of $523K (revenue +63.2% year-over-year).
- 2022: Revenue of $1.6M, expenses of $2.2M, and assets of $483K (revenue +29.9% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $225K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grove Fisco Residential Community Inc:
Data Sources and Methodology
This transparency report for Grove Fisco Residential Community 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.