Lila Building Company
Lila Building Company faces persistent operational deficits and declining assets, with liabilities exceeding assets.
EIN: 202511625 · Forest Lake, MN · NTEE: B11 · Updated: 2026-03-28
Is Lila Building Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lila Building Company directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lila Building Company
Lila Building Company (EIN: 202511625) is a nonprofit organization based in Forest Lake, MN, classified under NTEE code B11. The organization reported total revenue of $2.8M and total assets of $34.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lila Building Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lila Building Company with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lila Building Company allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, or trustees, which is highly favorable for an organization of its size with annual revenues around $2.7 million.
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 Lila Building Company's IRS 990 filings:
- Consistent operational deficits for the past five years (e.g., $2,972,539 expenses vs. $2,702,983 revenue in 2023).
- Liabilities consistently exceed assets, indicating a potentially precarious financial position (e.g., $36,731,434 liabilities vs. $35,095,430 assets in 2023).
- Declining asset base over the past five years, from $40,441,504 in 2019 to $35,095,430 in 2023.
Strengths
The following positive indicators were identified for Lila Building Company:
- Zero officer compensation reported across all available filings, indicating efficient use of funds in executive pay.
- Long filing history (13 filings) demonstrates consistent compliance and transparency in reporting.
Frequently Asked Questions about Lila Building Company
Is Lila Building Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Lila Building Company (EIN: 202511625) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Lila Building Company spend its money?
Lila Building Company directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lila Building Company tax-deductible?
Lila Building Company is registered as a tax-exempt nonprofit (EIN: 202511625). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lila Building Company financially sustainable given its consistent operational deficits?
The organization has consistently spent more than it earned for the past five years (e.g., $2,972,539 expenses vs. $2,702,983 revenue in 2023), leading to a decline in assets and a persistent state where liabilities exceed assets. This trend raises concerns about long-term financial sustainability without significant changes to its revenue or expense structure.
What is the reason for the significant decline in assets from $40.4 million in 2019 to $35.1 million in 2023?
The decline in assets is likely a direct consequence of the organization's consistent operational deficits, where expenses have outpaced revenue, requiring the use of existing assets to cover shortfalls. This trend is visible across multiple years of filings.
How does Lila Building Company manage to operate with liabilities consistently exceeding assets?
Operating with liabilities consistently exceeding assets (e.g., $36,731,434 liabilities vs. $35,095,430 assets in 2023) suggests a reliance on specific types of liabilities, potentially long-term debt or restricted funds, and could indicate a high level of financial risk. Further investigation into the nature of these liabilities would be necessary.
Filing History
IRS 990 filing history for Lila Building Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lila Building Company's revenue has grown by 235.5%, moving from $806K to $2.7M. Total assets increased by 340% over the same period, from $8.0M to $35.1M. Total functional expenses rose by 349.6%, from $661K to $3.0M. In its most recent filing year (2023), Lila Building Company reported a deficit of $270K, with expenses exceeding revenue. The organization holds $36.7M in liabilities against $35.1M in assets (debt-to-asset ratio: 104.7%), resulting in net assets of $-1,636,004.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $3.0M | $35.1M | $36.7M | — | View 990 |
| 2022 | $2.6M | $2.8M | $35.7M | $37.1M | — | View 990 |
| 2021 | $2.4M | $2.8M | $36.2M | $37.4M | — | — |
| 2020 | $2.1M | $2.4M | $38.2M | $39.3M | — | View 990 |
| 2019 | $1.9M | $2.4M | $40.4M | $41.3M | — | View 990 |
| 2018 | $1.5M | $1.3M | $16.9M | $17.2M | — | View 990 |
| 2017 | $1.4M | $1.2M | $16.9M | $17.3M | — | View 990 |
| 2016 | $1.4M | $1.2M | $17.0M | $17.6M | — | View 990 |
| 2015 | $1.1M | $1.1M | $16.9M | $17.6M | — | View 990 |
| 2014 | $1.2M | $1.7M | $19.5M | $20.2M | — | View 990 |
| 2013 | $863K | $679K | $8.0M | $7.7M | — | View 990 |
| 2012 | $755K | $677K | $7.9M | $7.8M | — | View 990 |
| 2011 | $806K | $661K | $8.0M | $8.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $3.0M, and assets of $35.1M (revenue +2.6% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.8M, and assets of $35.7M (revenue +10.6% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.8M, and assets of $36.2M (revenue +13.1% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.4M, and assets of $38.2M (revenue +13.6% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.4M, and assets of $40.4M (revenue +26.7% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $16.9M (revenue +5.3% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $16.9M (revenue +0.1% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.2M, and assets of $17.0M (revenue +31.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $16.9M (revenue -9.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.7M, and assets of $19.5M (revenue +35.3% year-over-year).
- 2013: Revenue of $863K, expenses of $679K, and assets of $8.0M (revenue +14.4% year-over-year).
- 2012: Revenue of $755K, expenses of $677K, and assets of $7.9M (revenue -6.3% year-over-year).
- 2011: Revenue of $806K, expenses of $661K, and assets of $8.0M.
Data Sources and Methodology
This transparency report for Lila Building Company 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.