Le Claire Elderly Housing Corp
EIN: 421079745 · Mechanicsvlle, IA
| Metric | Value |
|---|---|
| Total Revenue | $165K |
| Total Expenses | $167K |
| Net Assets | $98K |
Is Le Claire Elderly Housing Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Le Claire Elderly Housing Corp
Le Claire Elderly Housing Corp (EIN: 421079745) is a nonprofit organization based in Mechanicsvlle, IA. The organization reported total revenue of $165K and total assets of $306K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Le Claire Elderly Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Le Claire Elderly Housing Corp is a small nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $167K |
| Surplus / Deficit | $-7,185 |
| Total Assets | $307K |
| Total Liabilities | $209K |
| Net Assets | $98K |
| Operating Margin | -4.5% |
| Debt-to-Asset Ratio | 67.9% |
| Months of Reserves | 22.1 months |
Financial Health Grade: C
In 2023, Le Claire Elderly Housing Corp reported a deficit of $7K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 67.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Le Claire Elderly Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | +4.6% | -7.4% |
| 2022 | +9.3% | +6.9% | -4.4% |
| 2021 | -3.3% | +4.0% | -4.3% |
| 2020 | +2.5% | +0.7% | -2.1% |
| 2019 | +9.6% | +7.4% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Le Claire Elderly Housing Corp 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 Le Claire Elderly Housing Corp 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.9%.
Frequently Asked Questions about Le Claire Elderly Housing Corp
Is Le Claire Elderly Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Le Claire Elderly Housing Corp (EIN: 421079745) insufficient data. 0 red flags identified, 0 strengths noted.
How does Le Claire Elderly Housing Corp spend its money?
Detailed spending breakdown data is not yet available for Le Claire Elderly Housing Corp. Check back for updated IRS 990 analysis.
Are donations to Le Claire Elderly Housing Corp tax-deductible?
Le Claire Elderly Housing Corp is registered as a tax-exempt nonprofit (EIN: 421079745). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Le Claire Elderly Housing Corp located?
Le Claire Elderly Housing Corp is headquartered in Mechanicsvlle, Iowa and files with the IRS under EIN 421079745.
How many years of IRS 990 filings does Le Claire Elderly Housing Corp have?
Le Claire Elderly Housing Corp 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 $165K in total revenue.
Filing History
IRS 990 filing history for Le Claire Elderly Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Le Claire Elderly Housing Corp's revenue has grown by 58%, moving from $101K to $160K. Total assets increased by 22.2% over the same period, from $251K to $307K. Total functional expenses rose by 73.2%, from $96K to $167K. In its most recent filing year (2023), Le Claire Elderly Housing Corp reported a deficit of $7K, with expenses exceeding revenue. The organization holds $209K in liabilities against $307K in assets (debt-to-asset ratio: 67.9%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $167K | $307K | $209K | — | — |
| 2022 | $161K | $160K | $332K | $226K | — | View 990 |
| 2021 | $147K | $149K | $347K | $242K | — | — |
| 2020 | $152K | $144K | $363K | $256K | — | View 990 |
| 2019 | $148K | $143K | $370K | $272K | — | View 990 |
| 2018 | $135K | $133K | $378K | $285K | — | View 990 |
| 2017 | $120K | $119K | $389K | $299K | — | View 990 |
| 2016 | $116K | $126K | $400K | $311K | — | View 990 |
| 2015 | $105K | $126K | $422K | $323K | — | — |
| 2014 | $111K | $102K | $226K | $303K | — | View 990 |
| 2013 | $112K | $101K | $238K | $311K | — | View 990 |
| 2012 | $99K | $101K | $240K | $318K | — | View 990 |
| 2011 | $101K | $96K | $251K | $325K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $167K, and assets of $307K (revenue -0.5% year-over-year).
- 2022: Revenue of $161K, expenses of $160K, and assets of $332K (revenue +9.3% year-over-year).
- 2021: Revenue of $147K, expenses of $149K, and assets of $347K (revenue -3.3% year-over-year).
- 2020: Revenue of $152K, expenses of $144K, and assets of $363K (revenue +2.5% year-over-year).
- 2019: Revenue of $148K, expenses of $143K, and assets of $370K (revenue +9.6% year-over-year).
- 2018: Revenue of $135K, expenses of $133K, and assets of $378K (revenue +12.4% year-over-year).
- 2017: Revenue of $120K, expenses of $119K, and assets of $389K (revenue +3.7% year-over-year).
- 2016: Revenue of $116K, expenses of $126K, and assets of $400K (revenue +10.5% year-over-year).
- 2015: Revenue of $105K, expenses of $126K, and assets of $422K (revenue -5.3% year-over-year).
- 2014: Revenue of $111K, expenses of $102K, and assets of $226K (revenue -1.0% year-over-year).
- 2013: Revenue of $112K, expenses of $101K, and assets of $238K (revenue +12.8% year-over-year).
- 2012: Revenue of $99K, expenses of $101K, and assets of $240K (revenue -2.0% year-over-year).
- 2011: Revenue of $101K, expenses of $96K, and assets of $251K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Le Claire Elderly Housing Corp:
Data Sources and Methodology
This transparency report for Le Claire Elderly Housing Corp 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.