Keystone T Hanger Condominium Assoc Inc
EIN: 61578646 · Oxford, CT · NTEE: N50
Is Keystone T Hanger Condominium Assoc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Keystone T Hanger Condominium Assoc Inc
Keystone T Hanger Condominium Assoc Inc (EIN: 61578646) is a nonprofit organization based in Oxford, CT, classified under NTEE code N50. The organization reported total revenue of $80K and total assets of $210K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keystone T Hanger Condominium Assoc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keystone T Hanger Condominium Assoc Inc is a micro nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $78K |
| Total Expenses | $63K |
| Surplus / Deficit | +$14K |
| Total Assets | $195K |
| Total Liabilities | $105K |
| Net Assets | $89K |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 54.1% |
| Months of Reserves | 36.9 months |
Financial Health Grade: A
In 2023, Keystone T Hanger Condominium Assoc Inc reported a surplus of $14K with revenue exceeding expenses, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 54.1% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Keystone T Hanger Condominium Assoc Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -13.4% | +7.8% |
| 2022 | +3.7% | -2.1% | +0.8% |
| 2021 | +24.4% | -18.6% | -32.4% |
| 2020 | -22.9% | +56.7% | -11.6% |
| 2019 | -47.2% | +16.4% | +6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Keystone T Hanger Condominium Assoc 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 Keystone T Hanger Condominium Assoc 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 surplus of $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.1%.
Frequently Asked Questions about Keystone T Hanger Condominium Assoc Inc
Is Keystone T Hanger Condominium Assoc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Keystone T Hanger Condominium Assoc Inc (EIN: 61578646) insufficient data. 0 red flags identified, 0 strengths noted.
How does Keystone T Hanger Condominium Assoc Inc spend its money?
Detailed spending breakdown data is not yet available for Keystone T Hanger Condominium Assoc Inc. Check back for updated IRS 990 analysis.
Are donations to Keystone T Hanger Condominium Assoc Inc tax-deductible?
Keystone T Hanger Condominium Assoc Inc is registered as a tax-exempt nonprofit (EIN: 61578646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Keystone T Hanger Condominium Assoc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Keystone T Hanger Condominium Assoc Inc's revenue has grown by 35.2%, moving from $57K to $78K. Total assets increased by 42.4% over the same period, from $137K to $195K. Total functional expenses rose by 12.9%, from $56K to $63K. In its most recent filing year (2023), Keystone T Hanger Condominium Assoc Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $105K in liabilities against $195K in assets (debt-to-asset ratio: 54.1%), resulting in net assets of $89K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $78K | $63K | $195K | $105K | — | — |
| 2022 | $75K | $73K | $181K | $105K | — | — |
| 2021 | $72K | $75K | $179K | $105K | — | — |
| 2020 | $58K | $92K | $265K | $105K | — | View 990 |
| 2019 | $75K | $59K | $300K | $107K | — | View 990 |
| 2018 | $143K | $50K | $281K | $104K | — | View 990 |
| 2017 | $68K | $62K | $185K | $100K | — | View 990 |
| 2016 | $51K | $48K | $182K | $103K | — | View 990 |
| 2015 | $53K | $57K | $173K | $97K | — | View 990 |
| 2014 | $54K | $60K | $172K | $92K | — | View 990 |
| 2013 | $54K | $50K | $173K | $87K | — | View 990 |
| 2012 | $57K | $53K | $163K | $82K | — | View 990 |
| 2011 | $68K | $56K | $153K | $77K | — | View 990 |
| 2010 | $57K | $56K | $137K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $78K, expenses of $63K, and assets of $195K (revenue +3.7% year-over-year).
- 2022: Revenue of $75K, expenses of $73K, and assets of $181K (revenue +3.7% year-over-year).
- 2021: Revenue of $72K, expenses of $75K, and assets of $179K (revenue +24.4% year-over-year).
- 2020: Revenue of $58K, expenses of $92K, and assets of $265K (revenue -22.9% year-over-year).
- 2019: Revenue of $75K, expenses of $59K, and assets of $300K (revenue -47.2% year-over-year).
- 2018: Revenue of $143K, expenses of $50K, and assets of $281K (revenue +109.2% year-over-year).
- 2017: Revenue of $68K, expenses of $62K, and assets of $185K (revenue +34.0% year-over-year).
- 2016: Revenue of $51K, expenses of $48K, and assets of $182K (revenue -4.9% year-over-year).
- 2015: Revenue of $53K, expenses of $57K, and assets of $173K (revenue -0.4% year-over-year).
- 2014: Revenue of $54K, expenses of $60K, and assets of $172K (revenue -1.0% year-over-year).
- 2013: Revenue of $54K, expenses of $50K, and assets of $173K (revenue -5.7% year-over-year).
- 2012: Revenue of $57K, expenses of $53K, and assets of $163K (revenue -14.9% year-over-year).
- 2011: Revenue of $68K, expenses of $56K, and assets of $153K (revenue +17.7% year-over-year).
- 2010: Revenue of $57K, expenses of $56K, and assets of $137K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keystone T Hanger Condominium Assoc Inc:
Data Sources and Methodology
This transparency report for Keystone T Hanger Condominium Assoc 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.