Kinston Towers I
Kinston Towers I maintains stable revenue and 0% officer compensation, but consistently reports liabilities exceeding assets.
EIN: 208502305 · Kinston, NC · NTEE: L21 · Updated: 2026-03-28
Source Check Matrix
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Kinston Towers I is mapped to EIN 208502305.
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13 stored filing years available.
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13 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-354,595 |
| Transparency Score | 75/100 |
Search Intent Cockpit
Kinston Towers I Form 990, Revenue, CEO Pay, and IRS Filing Signals
Kinston Towers I is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kinston Towers I in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $1.3M and expenses of $1.1M.
Revenue and Expenses
Kinston Towers I reported $1.3M in revenue and $1.1M in expenses, a surplus of $207K.
Executive Compensation
Top officer compensation appears as $1 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 3 red flags, and 4 strengths are shown from structured and AI review.
Is Kinston Towers I Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $950K (90%) |
Across stored filings, Kinston Towers I shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Category L context |
Trust Check
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Kinston, NC nonprofitsCategory L in North Carolina
Human Services in North Carolina
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Kinston Towers I directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kinston Towers I
Kinston Towers I (EIN: 208502305) is a nonprofit organization based in Kinston, NC, classified under NTEE code L21. The organization reported total revenue of $1.6M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kinston Towers I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kinston Towers I is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$207K |
| Total Assets | $1.7M |
| Total Liabilities | $2.0M |
| Net Assets | $-354,595 |
| Operating Margin | 16.4% |
| Debt-to-Asset Ratio | 121.2% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2023, Kinston Towers I reported a surplus of $207K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 121.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kinston Towers I's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +0.9% | +5.9% |
| 2022 | +5.5% | +2.6% | +23.9% |
| 2021 | -0.2% | +10.7% | +2.7% |
| 2020 | -0.2% | -8.7% | +13.3% |
| 2019 | +2.5% | -7.6% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Kinston Towers I with a Mission Score of 75 out of 100 (Good). 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, Kinston Towers I 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $207K, with revenue exceeding expenses.
- Debt-to-asset ratio: 121.2%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of its size with over $1 million in annual revenue and nearly $2 million in assets.
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 Kinston Towers I's IRS 990 filings:
- Consistent negative net asset position (liabilities exceed assets in all reported periods)
- Lack of detailed expense breakdown beyond total expenses, limiting granular spending efficiency analysis
- 0% officer compensation for an organization of this size is unusual and warrants further inquiry into executive management structure and costs.
Strengths
The following positive indicators were identified for Kinston Towers I:
- Consistent revenue growth over the past decade (from $1,053,518 in 2014 to $1,261,907 in 2023)
- Excellent transparency regarding executive compensation (0% reported)
- Consistent operational surpluses in recent years (e.g., $1,261,907 revenue vs. $1,055,188 expenses in 2023)
- Long history of IRS 990 filings (13 filings), indicating regulatory compliance
Frequently Asked Questions about Kinston Towers I
Is Kinston Towers I a legitimate charity?
Kinston Towers I (EIN: 208502305) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Kinston Towers I spend its money?
Kinston Towers I directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Kinston Towers I tax-deductible?
Kinston Towers I is registered as a tax-exempt nonprofit (EIN: 208502305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kinston Towers I CEO make?
Kinston Towers I's highest-compensated officer earns $1 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Kinston Towers I compare to similar nonprofits?
With a transparency score of 75/100 (Good), Kinston Towers I 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 Kinston Towers I located?
Kinston Towers I is headquartered in Kinston, North Carolina and files with the IRS under EIN 208502305. It is classified under NTEE code L21.
How many years of IRS 990 filings does Kinston Towers I have?
Kinston Towers I has 13 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 $1.6M in total revenue.
Is Kinston Towers I financially stable given its negative net asset position?
While Kinston Towers I consistently reports liabilities exceeding assets (e.g., $2,028,884 liabilities vs. $1,674,289 assets in 2023), this may be typical for housing organizations that carry significant mortgage debt for their properties. Further analysis of the nature of these liabilities (e.g., long-term debt vs. short-term payables) is needed to fully assess long-term stability.
How does Kinston Towers I manage its operations without paying officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may be entirely volunteer-led at the executive level, or that executive functions are outsourced to a management company whose fees are categorized elsewhere (e.g., administrative expenses) rather than as direct officer compensation.
What is the primary source of Kinston Towers I's revenue?
Based on its NTEE code (L21 - Housing, Shelter) and consistent revenue, it is highly probable that the primary source of revenue is rental income from its housing units, potentially supplemented by government subsidies or grants related to affordable housing.
Filing History
IRS 990 filing history for Kinston Towers I showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kinston Towers I's revenue has grown by 20.2%, moving from $1.0M to $1.3M. Total assets increased by 7% over the same period, from $1.6M to $1.7M. Total functional expenses fell by 0.3%, from $1.1M to $1.1M. In its most recent filing year (2023), Kinston Towers I reported a surplus of $207K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $1.7M in assets (debt-to-asset ratio: 121.2%), resulting in net assets of $-354,595.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.1M | $1.7M | $2.0M | — | View 990 |
| 2022 | $1.2M | $1.0M | $1.6M | $2.1M | — | View 990 |
| 2021 | $1.2M | $1.0M | $1.3M | $2.0M | — | View 990 |
| 2020 | $1.2M | $920K | $1.2M | $2.1M | — | View 990 |
| 2019 | $1.2M | $1.0M | $1.1M | $2.2M | — | View 990 |
| 2018 | $1.1M | $1.1M | $1.1M | $2.3M | — | View 990 |
| 2017 | $1.2M | $1.1M | $1.2M | $2.4M | — | View 990 |
| 2016 | $1.1M | $1.1M | $1.2M | $2.5M | — | View 990 |
| 2015 | $1.1M | $1.0M | $1.3M | $2.7M | — | View 990 |
| 2014 | $1.1M | $1.1M | $1.5M | $2.9M | — | View 990 |
| 2013 | $1.2M | $1.1M | $1.7M | $2.9M | — | View 990 |
| 2012 | $1.1M | $1.0M | $1.5M | $2.8M | — | View 990 |
| 2011 | $1.0M | $1.1M | $1.6M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.1M, and assets of $1.7M (revenue +3.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $1.6M (revenue +5.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.0M, and assets of $1.3M (revenue -0.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $920K, and assets of $1.2M (revenue -0.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.0M, and assets of $1.1M (revenue +2.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $1.1M (revenue -2.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue +1.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.1M, and assets of $1.2M (revenue +2.5% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.0M, and assets of $1.3M (revenue +5.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $1.5M (revenue -10.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $1.7M (revenue +10.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $1.5M (revenue +1.7% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kinston Towers I:
Data Sources and Methodology
This transparency report for Kinston Towers I 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.