Lacrescent Elderly Housing Group Inc
EIN: 411427025 · La Crescent, MN
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $191K |
| Net Assets | $216K |
Is Lacrescent Elderly Housing Group Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lacrescent Elderly Housing Group Inc
Lacrescent Elderly Housing Group Inc (EIN: 411427025) is a nonprofit organization based in La Crescent, MN. The organization reported total revenue of $265K and total assets of $363K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lacrescent Elderly Housing Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lacrescent Elderly Housing Group Inc is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $191K |
| Surplus / Deficit | +$74K |
| Total Assets | $378K |
| Total Liabilities | $161K |
| Net Assets | $216K |
| Operating Margin | 27.8% |
| Debt-to-Asset Ratio | 42.7% |
| Months of Reserves | 23.7 months |
Financial Health Grade: A
In 2023, Lacrescent Elderly Housing Group Inc reported a surplus of $74K with revenue exceeding expenses, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 42.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lacrescent Elderly Housing Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | +0.9% | +2.5% |
| 2022 | -0.9% | +0.2% | -1.6% |
| 2021 | +5.3% | +4.4% | +0.8% |
| 2020 | -4.5% | +0.5% | +0.4% |
| 2019 | +4.0% | +0.8% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lacrescent Elderly Housing Group 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 Lacrescent Elderly Housing Group 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 $74K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.7%.
Frequently Asked Questions about Lacrescent Elderly Housing Group Inc
Is Lacrescent Elderly Housing Group Inc a legitimate charity?
Lacrescent Elderly Housing Group Inc (EIN: 411427025) is a registered tax-exempt nonprofit based in Minnesota. It has 13 years of IRS 990 filings on record. Total revenue: $265K. No red flags identified. Financial health grade: A.
How does Lacrescent Elderly Housing Group Inc spend its money?
Lacrescent Elderly Housing Group Inc reported $265K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lacrescent Elderly Housing Group Inc tax-deductible?
Lacrescent Elderly Housing Group Inc is registered as a tax-exempt nonprofit (EIN: 411427025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lacrescent Elderly Housing Group Inc located?
Lacrescent Elderly Housing Group Inc is headquartered in La Crescent, Minnesota and files with the IRS under EIN 411427025.
How many years of IRS 990 filings does Lacrescent Elderly Housing Group Inc have?
Lacrescent Elderly Housing Group 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 $265K in total revenue.
Filing History
IRS 990 filing history for Lacrescent Elderly Housing Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lacrescent Elderly Housing Group Inc's revenue has grown by 20.6%, moving from $220K to $265K. Total assets increased by 57.8% over the same period, from $239K to $378K. Total functional expenses fell by 14.9%, from $225K to $191K. In its most recent filing year (2023), Lacrescent Elderly Housing Group Inc reported a surplus of $74K, with revenue exceeding expenses. The organization holds $161K in liabilities against $378K in assets (debt-to-asset ratio: 42.7%), resulting in net assets of $216K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $265K | $191K | $378K | $161K | — | — |
| 2022 | $243K | $190K | $369K | $226K | — | — |
| 2021 | $245K | $189K | $375K | $285K | — | — |
| 2020 | $233K | $181K | $372K | $338K | — | View 990 |
| 2019 | $244K | $180K | $370K | $388K | — | View 990 |
| 2018 | $235K | $179K | $356K | $439K | — | View 990 |
| 2017 | $229K | $190K | $338K | $476K | — | View 990 |
| 2016 | $233K | $177K | $338K | $514K | — | View 990 |
| 2015 | $233K | $190K | $317K | $549K | — | View 990 |
| 2014 | $225K | $237K | $324K | $599K | — | View 990 |
| 2013 | $349K | $207K | $352K | $615K | — | View 990 |
| 2012 | $223K | $207K | $229K | $635K | — | View 990 |
| 2011 | $220K | $225K | $239K | $661K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $265K, expenses of $191K, and assets of $378K (revenue +9.0% year-over-year).
- 2022: Revenue of $243K, expenses of $190K, and assets of $369K (revenue -0.9% year-over-year).
- 2021: Revenue of $245K, expenses of $189K, and assets of $375K (revenue +5.3% year-over-year).
- 2020: Revenue of $233K, expenses of $181K, and assets of $372K (revenue -4.5% year-over-year).
- 2019: Revenue of $244K, expenses of $180K, and assets of $370K (revenue +4.0% year-over-year).
- 2018: Revenue of $235K, expenses of $179K, and assets of $356K (revenue +2.6% year-over-year).
- 2017: Revenue of $229K, expenses of $190K, and assets of $338K (revenue -1.7% year-over-year).
- 2016: Revenue of $233K, expenses of $177K, and assets of $338K (revenue +0.1% year-over-year).
- 2015: Revenue of $233K, expenses of $190K, and assets of $317K (revenue +3.3% year-over-year).
- 2014: Revenue of $225K, expenses of $237K, and assets of $324K (revenue -35.5% year-over-year).
- 2013: Revenue of $349K, expenses of $207K, and assets of $352K (revenue +56.5% year-over-year).
- 2012: Revenue of $223K, expenses of $207K, and assets of $229K (revenue +1.5% year-over-year).
- 2011: Revenue of $220K, expenses of $225K, and assets of $239K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lacrescent Elderly Housing Group Inc:
Data Sources and Methodology
This transparency report for Lacrescent Elderly Housing Group 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.