Iowa Elderly Houseing Corporation
Iowa Elderly Housing Corporation shows improved financial health in latest filing after years of operating deficits, with no executive compensation.
EIN: 208013323 · Iowa, LA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123K |
| Total Expenses | $185K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $786K |
| Transparency Score | 85/100 |
Is Iowa Elderly Houseing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Iowa Elderly Houseing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Iowa Elderly Houseing Corporation
Iowa Elderly Houseing Corporation (EIN: 208013323) is a nonprofit organization based in Iowa, LA, classified under NTEE code L21. The organization reported total revenue of $123K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iowa Elderly Houseing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iowa Elderly Houseing Corporation is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $228K |
| Total Expenses | $185K |
| Surplus / Deficit | +$43K |
| Total Assets | $1.1M |
| Total Liabilities | $268K |
| Net Assets | $786K |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 25.4% |
| Months of Reserves | 68.3 months |
Financial Health Grade: A
In 2024, Iowa Elderly Houseing Corporation reported a surplus of $43K with revenue exceeding expenses, holds 68.3 months of operating reserves (strong position), has a debt-to-asset ratio of 25.4% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Iowa Elderly Houseing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +120.9% | +36.2% | -3.7% |
| 2023 | -5.7% | -0.8% | -3.5% |
| 2022 | -73.0% | -73.8% | -2.7% |
| 2021 | +268.3% | +256.1% | +11.2% |
| 2020 | -0.6% | +5.1% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Iowa Elderly Houseing Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Iowa Elderly Houseing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly commendable for an organization of its size with assets over $1 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 Iowa Elderly Houseing Corporation's IRS 990 filings:
- Consistent operating deficits in multiple prior years (e.g., 202306, 202206, 202106, 202006, 201906, 201806, 201706, 201606, 201506) where expenses exceeded revenue.
- Significant expense spike in 202106 ($523,946) without a corresponding revenue increase, leading to a substantial deficit.
Strengths
The following positive indicators were identified for Iowa Elderly Houseing Corporation:
- Consistent 0% officer compensation across all filings, indicating strong dedication to mission over executive pay.
- Stable asset base exceeding $1 million, providing long-term financial foundation.
- Positive net income in the latest filing (202406), showing improved financial performance.
- Long operational history with 14 IRS 990 filings, demonstrating sustained commitment to its mission.
Frequently Asked Questions about Iowa Elderly Houseing Corporation
Is Iowa Elderly Houseing Corporation a legitimate charity?
Iowa Elderly Houseing Corporation (EIN: 208013323) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $123K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Iowa Elderly Houseing Corporation spend its money?
Iowa Elderly Houseing Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Iowa Elderly Houseing Corporation tax-deductible?
Iowa Elderly Houseing Corporation is registered as a tax-exempt nonprofit (EIN: 208013323). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Iowa Elderly Houseing Corporation CEO make?
Iowa Elderly Houseing Corporation's highest-compensated officer earns $1 annually. The organization reported $123K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Iowa Elderly Houseing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Iowa Elderly Houseing Corporation 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 Iowa Elderly Houseing Corporation located?
Iowa Elderly Houseing Corporation is headquartered in Iowa, Louisiana and files with the IRS under EIN 208013323. It is classified under NTEE code L21.
How many years of IRS 990 filings does Iowa Elderly Houseing Corporation have?
Iowa Elderly Houseing 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 $123K in total revenue.
Is Iowa Elderly Housing Corporation financially stable?
While the organization has experienced periods where expenses exceeded revenue, the latest filing (202406) shows a positive net income ($227,813 revenue vs. $185,201 expenses), suggesting improved financial stability. Its asset base has remained over $1 million, providing a buffer.
How does Iowa Elderly Housing Corporation manage its administrative costs?
Given the consistent 0% officer compensation and the nature of elderly housing operations, it's highly probable that administrative costs are kept low and primarily cover essential operational overhead rather than executive salaries.
What caused the significant increase in expenses in 2021?
In 202106, expenses surged to $523,946 from $147,150 in 202006. This significant increase, far exceeding revenue, warrants further investigation into specific projects or unforeseen costs during that period.
Filing History
IRS 990 filing history for Iowa Elderly Houseing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Iowa Elderly Houseing Corporation's revenue has grown by 224.9%, moving from $70K to $228K. Total assets decreased by 21.2% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 89.2%, from $98K to $185K. In its most recent filing year (2024), Iowa Elderly Houseing Corporation reported a surplus of $43K, with revenue exceeding expenses. The organization holds $268K in liabilities against $1.1M in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $786K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $228K | $185K | $1.1M | $268K | — | — |
| 2023 | $103K | $136K | $1.1M | $351K | — | View 990 |
| 2022 | $109K | $137K | $1.1M | $358K | — | View 990 |
| 2021 | $404K | $524K | $1.2M | $362K | — | View 990 |
| 2020 | $110K | $147K | $1.0M | $125K | — | View 990 |
| 2019 | $110K | $140K | $1.1M | $124K | — | View 990 |
| 2018 | $109K | $143K | $1.1M | $129K | — | View 990 |
| 2017 | $108K | $136K | $1.1M | $115K | — | View 990 |
| 2016 | $99K | $126K | $1.2M | $115K | — | View 990 |
| 2015 | $93K | $127K | $1.2M | $118K | — | View 990 |
| 2014 | $89K | $126K | $1.2M | $119K | — | View 990 |
| 2013 | $92K | $105K | $1.3M | $19K | — | View 990 |
| 2012 | $71K | $110K | $1.3M | $31K | — | View 990 |
| 2011 | $70K | $98K | $1.3M | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $228K, expenses of $185K, and assets of $1.1M (revenue +120.9% year-over-year).
- 2023: Revenue of $103K, expenses of $136K, and assets of $1.1M (revenue -5.7% year-over-year).
- 2022: Revenue of $109K, expenses of $137K, and assets of $1.1M (revenue -73.0% year-over-year).
- 2021: Revenue of $404K, expenses of $524K, and assets of $1.2M (revenue +268.3% year-over-year).
- 2020: Revenue of $110K, expenses of $147K, and assets of $1.0M (revenue -0.6% year-over-year).
- 2019: Revenue of $110K, expenses of $140K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2018: Revenue of $109K, expenses of $143K, and assets of $1.1M (revenue +0.9% year-over-year).
- 2017: Revenue of $108K, expenses of $136K, and assets of $1.1M (revenue +8.7% year-over-year).
- 2016: Revenue of $99K, expenses of $126K, and assets of $1.2M (revenue +6.7% year-over-year).
- 2015: Revenue of $93K, expenses of $127K, and assets of $1.2M (revenue +4.3% year-over-year).
- 2014: Revenue of $89K, expenses of $126K, and assets of $1.2M (revenue -3.0% year-over-year).
- 2013: Revenue of $92K, expenses of $105K, and assets of $1.3M (revenue +29.2% year-over-year).
- 2012: Revenue of $71K, expenses of $110K, and assets of $1.3M (revenue +1.4% year-over-year).
- 2011: Revenue of $70K, expenses of $98K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Iowa Elderly Houseing Corporation:
Data Sources and Methodology
This transparency report for Iowa Elderly Houseing 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.