Legacy Place Catawba Valley Inc
Legacy Place Catawba Valley Inc. consistently operates at a deficit, drawing down assets over the past decade.
EIN: 200724481 · Winstonsalem, NC · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $293K |
| Total Expenses | $314K |
| Program Spending | 80% |
| Net Assets | $2.1M |
| Transparency Score | 65/100 |
Search Intent Cockpit
Legacy Place Catawba Valley Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Legacy Place Catawba Valley 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 Legacy Place Catawba Valley Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $253K and expenses of $314K.
Revenue and Expenses
Legacy Place Catawba Valley Inc reported $253K in revenue and $314K in expenses, a deficit of $61K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is Legacy Place Catawba Valley 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 | $251K (80%) |
Across stored filings, Legacy Place Catawba Valley 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; 3 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Cccp Community Trust | North Carolina and Category L context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Winstonsalem, NC nonprofitsCategory L in North Carolina
Human Services in North Carolina
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Legacy Place Catawba Valley Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Legacy Place Catawba Valley Inc
Legacy Place Catawba Valley Inc (EIN: 200724481) is a nonprofit organization based in Winstonsalem, NC, classified under NTEE code L22. The organization reported total revenue of $293K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Legacy Place Catawba Valley Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Legacy Place Catawba Valley Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $253K |
| Total Expenses | $314K |
| Surplus / Deficit | $-61,128 |
| Total Assets | $2.1M |
| Total Liabilities | $36K |
| Net Assets | $2.1M |
| Operating Margin | -24.2% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 81.4 months |
Financial Health Grade: B
In 2023, Legacy Place Catawba Valley Inc reported a deficit of $61K with expenses exceeding revenue, holds 81.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Legacy Place Catawba Valley Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | -8.6% | -2.5% |
| 2022 | +3.4% | +9.3% | -3.6% |
| 2021 | +1.9% | -4.5% | -3.3% |
| 2020 | -0.3% | +2.3% | -3.1% |
| 2019 | -0.3% | +4.5% | -3.2% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Legacy Place Catawba Valley Inc with a Mission Score of 65 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Legacy Place Catawba Valley Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are likely volunteers or compensated through other means not classified as officer compensation, which is a positive sign for minimizing administrative costs relative to the organization's size.
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 Legacy Place Catawba Valley Inc's IRS 990 filings:
- Consistent operational deficits over multiple years (e.g., $61,128 deficit in 2023).
- Steady decline in total assets over the past decade (from $2.8M in 2014 to $2.1M in 2023).
- Expenses consistently exceed revenue, indicating reliance on reserves.
Strengths
The following positive indicators were identified for Legacy Place Catawba Valley Inc:
- No reported officer compensation, indicating volunteer leadership and efficient use of funds for executive pay.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Stable revenue stream, albeit insufficient to cover expenses.
Frequently Asked Questions about Legacy Place Catawba Valley Inc
Is Legacy Place Catawba Valley Inc a legitimate charity?
Legacy Place Catawba Valley Inc (EIN: 200724481) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $293K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Legacy Place Catawba Valley Inc spend its money?
Legacy Place Catawba Valley Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Legacy Place Catawba Valley Inc tax-deductible?
Legacy Place Catawba Valley Inc is registered as a tax-exempt nonprofit (EIN: 200724481). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Legacy Place Catawba Valley Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Legacy Place Catawba Valley 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 Legacy Place Catawba Valley Inc located?
Legacy Place Catawba Valley Inc is headquartered in Winstonsalem, North Carolina and files with the IRS under EIN 200724481. It is classified under NTEE code L22.
How many years of IRS 990 filings does Legacy Place Catawba Valley Inc have?
Legacy Place Catawba Valley 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 $293K in total revenue.
Is Legacy Place Catawba Valley Inc. financially sustainable in the long term?
The organization's consistent operational deficits, where expenses exceed revenue (e.g., $313,932 expenses vs. $252,804 revenue in 2023), and the steady decline in assets from $2.8 million in 2014 to $2.1 million in 2023, raise concerns about its long-term financial sustainability without a change in revenue generation or expense management.
What is the primary cause of the asset decline?
The primary cause of the asset decline is the consistent operational deficit. Each year, the organization spends more than it earns, covering the difference by drawing down its existing assets. For example, in 2023, the $61,128 deficit directly contributed to the reduction in assets.
How does the lack of officer compensation impact the organization?
The reported 0% officer compensation suggests that leadership roles are likely filled by volunteers, which significantly reduces administrative overhead and allows more funds to be directed towards programs or other operational needs. This is a strong positive for spending efficiency.
What is the organization's NTEE code and what does it signify?
The NTEE code L22 indicates that Legacy Place Catawba Valley Inc. is involved in 'Housing Development, Construction & Management' specifically for 'Housing for the Elderly'. This clarifies its mission focus within the broader housing sector.
Filing History
IRS 990 filing history for Legacy Place Catawba Valley Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Legacy Place Catawba Valley Inc's revenue has grown by 37.9%, moving from $183K to $253K. Total assets decreased by 30.4% over the same period, from $3.1M to $2.1M. Total functional expenses rose by 14.1%, from $275K to $314K. In its most recent filing year (2023), Legacy Place Catawba Valley Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $36K in liabilities against $2.1M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $253K | $314K | $2.1M | $36K | — | View 990 |
| 2022 | $257K | $343K | $2.2M | $30K | — | View 990 |
| 2021 | $248K | $314K | $2.3M | $25K | — | View 990 |
| 2020 | $243K | $329K | $2.3M | $37K | — | View 990 |
| 2019 | $244K | $322K | $2.4M | $27K | — | View 990 |
| 2018 | $245K | $308K | $2.5M | $30K | — | View 990 |
| 2017 | $241K | $300K | $2.6M | $32K | — | View 990 |
| 2016 | $231K | $316K | $2.6M | $36K | — | View 990 |
| 2015 | $223K | $294K | $2.7M | $44K | — | View 990 |
| 2014 | $228K | $310K | $2.8M | $47K | — | View 990 |
| 2013 | $203K | $295K | $2.9M | $50K | — | View 990 |
| 2012 | $185K | $290K | $3.0M | $44K | — | View 990 |
| 2011 | $183K | $275K | $3.1M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $253K, expenses of $314K, and assets of $2.1M (revenue -1.4% year-over-year).
- 2022: Revenue of $257K, expenses of $343K, and assets of $2.2M (revenue +3.4% year-over-year).
- 2021: Revenue of $248K, expenses of $314K, and assets of $2.3M (revenue +1.9% year-over-year).
- 2020: Revenue of $243K, expenses of $329K, and assets of $2.3M (revenue -0.3% year-over-year).
- 2019: Revenue of $244K, expenses of $322K, and assets of $2.4M (revenue -0.3% year-over-year).
- 2018: Revenue of $245K, expenses of $308K, and assets of $2.5M (revenue +1.8% year-over-year).
- 2017: Revenue of $241K, expenses of $300K, and assets of $2.6M (revenue +4.2% year-over-year).
- 2016: Revenue of $231K, expenses of $316K, and assets of $2.6M (revenue +3.8% year-over-year).
- 2015: Revenue of $223K, expenses of $294K, and assets of $2.7M (revenue -2.4% year-over-year).
- 2014: Revenue of $228K, expenses of $310K, and assets of $2.8M (revenue +12.3% year-over-year).
- 2013: Revenue of $203K, expenses of $295K, and assets of $2.9M (revenue +9.8% year-over-year).
- 2012: Revenue of $185K, expenses of $290K, and assets of $3.0M (revenue +0.9% year-over-year).
- 2011: Revenue of $183K, expenses of $275K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Legacy Place Catawba Valley Inc:
Data Sources and Methodology
This transparency report for Legacy Place Catawba Valley 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.