Hobson City Apartments Llc
EIN: 582586808 · Anniston, AL · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $240K |
| Total Expenses | $175K |
| Net Assets | $-90,997 |
Is Hobson City Apartments Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hobson City Apartments Llc
Hobson City Apartments Llc (EIN: 582586808) is a nonprofit organization based in Anniston, AL, classified under NTEE code L20. The organization reported total revenue of $240K and total assets of $450K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hobson City Apartments Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hobson City Apartments Llc is a small nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). 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 | $248K |
| Total Expenses | $175K |
| Surplus / Deficit | +$73K |
| Total Assets | $509K |
| Total Liabilities | $600K |
| Net Assets | $-90,997 |
| Operating Margin | 29.4% |
| Debt-to-Asset Ratio | 117.9% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2024, Hobson City Apartments Llc reported a surplus of $73K with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 117.9% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Hobson City Apartments Llc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.5% | -15.5% | +12.1% |
| 2023 | -15.0% | -2.3% | +9.6% |
| 2022 | +55.2% | -6.7% | -12.3% |
| 2021 | -13.9% | -7.0% | -8.0% |
| 2020 | -1.0% | +5.5% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hobson City Apartments Llc 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 Hobson City Apartments Llc 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 $73K, with revenue exceeding expenses.
- Debt-to-asset ratio: 117.9%.
Frequently Asked Questions about Hobson City Apartments Llc
Is Hobson City Apartments Llc a legitimate charity?
Hobson City Apartments Llc (EIN: 582586808) is a registered tax-exempt nonprofit based in Alabama. It has 14 years of IRS 990 filings on record. Total revenue: $240K. No red flags identified. Financial health grade: A.
How does Hobson City Apartments Llc spend its money?
Hobson City Apartments Llc reported $240K 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 Hobson City Apartments Llc tax-deductible?
Hobson City Apartments Llc is registered as a tax-exempt nonprofit (EIN: 582586808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hobson City Apartments Llc located?
Hobson City Apartments Llc is headquartered in Anniston, Alabama and files with the IRS under EIN 582586808. It is classified under NTEE code L20.
How many years of IRS 990 filings does Hobson City Apartments Llc have?
Hobson City Apartments Llc 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 $240K in total revenue.
Filing History
IRS 990 filing history for Hobson City Apartments Llc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Hobson City Apartments Llc's revenue has grown by 16.3%, moving from $213K to $248K. Total assets decreased by 13.8% over the same period, from $591K to $509K. Total functional expenses fell by 15.1%, from $207K to $175K. In its most recent filing year (2024), Hobson City Apartments Llc reported a surplus of $73K, with revenue exceeding expenses. The organization holds $600K in liabilities against $509K in assets (debt-to-asset ratio: 117.9%), resulting in net assets of $-90,997.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $248K | $175K | $509K | $600K | — | — |
| 2023 | $235K | $207K | $454K | $618K | — | — |
| 2022 | $277K | $212K | $415K | $606K | — | View 990 |
| 2021 | $178K | $227K | $472K | $729K | — | View 990 |
| 2020 | $207K | $245K | $514K | $721K | — | View 990 |
| 2019 | $209K | $232K | $507K | $677K | — | View 990 |
| 2018 | $210K | $197K | $565K | $713K | — | View 990 |
| 2017 | $214K | $198K | $572K | $732K | — | View 990 |
| 2016 | $215K | $208K | $570K | $745K | — | View 990 |
| 2015 | $235K | $251K | $559K | $741K | — | View 990 |
| 2014 | $197K | $184K | $578K | $744K | — | View 990 |
| 2013 | $209K | $144K | $584K | $763K | — | View 990 |
| 2012 | $194K | $245K | $550K | $794K | — | View 990 |
| 2011 | $213K | $207K | $591K | $782K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $248K, expenses of $175K, and assets of $509K (revenue +5.5% year-over-year).
- 2023: Revenue of $235K, expenses of $207K, and assets of $454K (revenue -15.0% year-over-year).
- 2022: Revenue of $277K, expenses of $212K, and assets of $415K (revenue +55.2% year-over-year).
- 2021: Revenue of $178K, expenses of $227K, and assets of $472K (revenue -13.9% year-over-year).
- 2020: Revenue of $207K, expenses of $245K, and assets of $514K (revenue -1.0% year-over-year).
- 2019: Revenue of $209K, expenses of $232K, and assets of $507K (revenue -0.1% year-over-year).
- 2018: Revenue of $210K, expenses of $197K, and assets of $565K (revenue -2.0% year-over-year).
- 2017: Revenue of $214K, expenses of $198K, and assets of $572K (revenue -0.8% year-over-year).
- 2016: Revenue of $215K, expenses of $208K, and assets of $570K (revenue -8.1% year-over-year).
- 2015: Revenue of $235K, expenses of $251K, and assets of $559K (revenue +18.8% year-over-year).
- 2014: Revenue of $197K, expenses of $184K, and assets of $578K (revenue -5.4% year-over-year).
- 2013: Revenue of $209K, expenses of $144K, and assets of $584K (revenue +7.6% year-over-year).
- 2012: Revenue of $194K, expenses of $245K, and assets of $550K (revenue -9.2% year-over-year).
- 2011: Revenue of $213K, expenses of $207K, and assets of $591K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hobson City Apartments Llc:
Data Sources and Methodology
This transparency report for Hobson City Apartments Llc 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.