La Colonia Apartments Inc
La Colonia Apartments Inc. maintains operational stability with consistent revenue exceeding expenses, but faces long-term asset decline and high liabilities.
EIN: 208725313 · Topeka, KS · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $609K |
| Total Expenses | $527K |
| Program Spending | 90% |
| Net Assets | $-772,031 |
| Transparency Score | 75/100 |
Search Intent Cockpit
La Colonia Apartments Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
La Colonia Apartments Inc 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 La Colonia Apartments Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $585K and expenses of $527K.
Revenue and Expenses
La Colonia Apartments Inc reported $585K in revenue and $527K in expenses, a surplus of $57K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is La Colonia Apartments Inc 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 | $475K (90%) |
Across stored filings, La Colonia Apartments Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Kansas State Catbackers Inc | Kansas and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
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Compare with Kansas State Catbackers Inc →All Kansas nonprofits
All Category L
Local and Sector Spokes
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Topeka, KS nonprofitsCategory L in Kansas
Human Services in Kansas
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
La Colonia Apartments Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About La Colonia Apartments Inc
La Colonia Apartments Inc (EIN: 208725313) is a nonprofit organization based in Topeka, KS, classified under NTEE code L22. The organization reported total revenue of $609K and total assets of $629K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of La Colonia Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
La Colonia Apartments Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $585K |
| Total Expenses | $527K |
| Surplus / Deficit | +$57K |
| Total Assets | $624K |
| Total Liabilities | $1.4M |
| Net Assets | $-772,031 |
| Operating Margin | 9.8% |
| Debt-to-Asset Ratio | 223.8% |
| Months of Reserves | 14.2 months |
Financial Health Grade: A
In 2023, La Colonia Apartments Inc reported a surplus of $57K with revenue exceeding expenses, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 223.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), La Colonia Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.2% | -3.5% | +1.3% |
| 2022 | -1.0% | -9.9% | -14.1% |
| 2021 | +5.2% | +12.8% | -11.8% |
| 2020 | +1.4% | -2.5% | -2.3% |
| 2019 | +1.4% | +7.4% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 La Colonia Apartments Inc 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, La Colonia Apartments Inc 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 $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 223.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through an external management entity, which is a positive for minimizing direct administrative overhead.
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 La Colonia Apartments Inc's IRS 990 filings:
- Consistent decline in assets over the past decade (from $1,076,670 in 2014 to $623,832 in 2023).
- Liabilities significantly and consistently exceed assets (e.g., $1,395,863 liabilities vs. $623,832 assets in 2023), indicating a high debt-to-asset ratio.
Strengths
The following positive indicators were identified for La Colonia Apartments Inc:
- Consistent operational surplus in recent years (e.g., $584,521 revenue vs. $527,320 expenses in 2023).
- No reported officer compensation across all filings, suggesting low administrative overhead related to executive pay.
- Consistent filing of IRS Form 990s, indicating good transparency practices.
- Mission-aligned NTEE code (L22 - Housing Development, Construction & Management) with the organization's name.
Frequently Asked Questions about La Colonia Apartments Inc
Is La Colonia Apartments Inc a legitimate charity?
La Colonia Apartments Inc (EIN: 208725313) is a registered tax-exempt nonprofit based in Kansas. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $609K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does La Colonia Apartments Inc spend its money?
La Colonia Apartments Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to La Colonia Apartments Inc tax-deductible?
La Colonia Apartments Inc is registered as a tax-exempt nonprofit (EIN: 208725313). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does La Colonia Apartments Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), La Colonia Apartments Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is La Colonia Apartments Inc located?
La Colonia Apartments Inc is headquartered in Topeka, Kansas and files with the IRS under EIN 208725313. It is classified under NTEE code L22.
How many years of IRS 990 filings does La Colonia Apartments Inc have?
La Colonia Apartments Inc 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 $609K in total revenue.
How does La Colonia Apartments Inc. manage its significant liabilities, which consistently exceed its assets?
The filings show liabilities consistently over $1.3 million, while assets have declined to $623,832 in 2023. Understanding the nature of these liabilities (e.g., mortgages, bonds) and the repayment strategy is crucial for assessing long-term financial stability.
What is the specific breakdown of program expenses for La Colonia Apartments Inc.?
While the NTEE code suggests housing development and management, a detailed breakdown of program expenses would clarify how funds are directly applied to housing services, maintenance, or development projects.
Why have the organization's assets been consistently declining over the past decade?
Assets decreased from $1,076,670 in 2014 to $623,832 in 2023. This trend warrants investigation to understand if it's due to depreciation, asset sales, or other factors impacting the organization's capital base.
Given the 0% officer compensation, how is the organization's executive leadership structured and compensated?
The consistent reporting of zero officer compensation suggests either a fully volunteer board and executive team or that executive services are provided by a related entity or contractor, which would be important for a complete understanding of operational costs.
Filing History
IRS 990 filing history for La Colonia Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), La Colonia Apartments Inc's revenue has grown by 23.2%, moving from $474K to $585K. Total assets decreased by 49.9% over the same period, from $1.2M to $624K. Total functional expenses rose by 3.8%, from $508K to $527K. In its most recent filing year (2023), La Colonia Apartments Inc reported a surplus of $57K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $624K in assets (debt-to-asset ratio: 223.8%), resulting in net assets of $-772,031.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $585K | $527K | $624K | $1.4M | — | — |
| 2022 | $566K | $546K | $616K | $1.4M | — | — |
| 2021 | $572K | $606K | $717K | $1.6M | — | View 990 |
| 2020 | $544K | $538K | $813K | $1.6M | — | — |
| 2019 | $536K | $551K | $831K | $1.7M | — | View 990 |
| 2018 | $529K | $513K | $882K | $1.7M | — | View 990 |
| 2017 | $513K | $532K | $906K | $1.7M | — | View 990 |
| 2016 | $505K | $530K | $967K | $1.8M | — | View 990 |
| 2015 | $502K | $509K | $1.0M | $1.8M | — | View 990 |
| 2014 | $494K | $540K | $1.1M | $1.8M | — | View 990 |
| 2013 | $480K | $510K | $1.1M | $1.9M | — | View 990 |
| 2012 | $480K | $500K | $1.2M | $1.9M | — | View 990 |
| 2011 | $474K | $508K | $1.2M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $585K, expenses of $527K, and assets of $624K (revenue +3.2% year-over-year).
- 2022: Revenue of $566K, expenses of $546K, and assets of $616K (revenue -1.0% year-over-year).
- 2021: Revenue of $572K, expenses of $606K, and assets of $717K (revenue +5.2% year-over-year).
- 2020: Revenue of $544K, expenses of $538K, and assets of $813K (revenue +1.4% year-over-year).
- 2019: Revenue of $536K, expenses of $551K, and assets of $831K (revenue +1.4% year-over-year).
- 2018: Revenue of $529K, expenses of $513K, and assets of $882K (revenue +3.0% year-over-year).
- 2017: Revenue of $513K, expenses of $532K, and assets of $906K (revenue +1.7% year-over-year).
- 2016: Revenue of $505K, expenses of $530K, and assets of $967K (revenue +0.6% year-over-year).
- 2015: Revenue of $502K, expenses of $509K, and assets of $1.0M (revenue +1.4% year-over-year).
- 2014: Revenue of $494K, expenses of $540K, and assets of $1.1M (revenue +3.1% year-over-year).
- 2013: Revenue of $480K, expenses of $510K, and assets of $1.1M (revenue -0.2% year-over-year).
- 2012: Revenue of $480K, expenses of $500K, and assets of $1.2M (revenue +1.3% year-over-year).
- 2011: Revenue of $474K, expenses of $508K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for La Colonia Apartments Inc:
Data Sources and Methodology
This transparency report for La Colonia Apartments 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.