Living Solutions Ii Corporation
Living Solutions Ii Corporation shows recent financial stability after years of operating deficits, with declining assets but no executive compensation.
EIN: 208379775 · Mora, MN · NTEE: I22 · Updated: 2026-03-28
Is Living Solutions Ii Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Living Solutions Ii Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Living Solutions Ii Corporation
Living Solutions Ii Corporation (EIN: 208379775) is a nonprofit organization based in Mora, MN, classified under NTEE code I22. The organization reported total revenue of $237K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Solutions Ii Corporation'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 Living Solutions Ii Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Living Solutions Ii Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size with assets over $1.5 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 Living Solutions Ii Corporation's IRS 990 filings:
- Consistent operating deficits from 2014 to 2021, potentially drawing down on assets.
- Gradual decline in total assets over the past decade, from $1,949,488 in 2014 to $1,557,963 in 2023.
Strengths
The following positive indicators were identified for Living Solutions Ii Corporation:
- Zero officer compensation reported across all filings, indicating high dedication to mission.
- Very low liabilities relative to assets, suggesting strong financial solvency.
- Recent financial stability with revenues exceeding expenses in 2022 and 2023.
- Consistent filing of IRS 990s, demonstrating transparency.
Frequently Asked Questions about Living Solutions Ii Corporation
Is Living Solutions Ii Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Living Solutions Ii Corporation (EIN: 208379775) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Living Solutions Ii Corporation spend its money?
Living Solutions Ii Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Living Solutions Ii Corporation tax-deductible?
Living Solutions Ii Corporation is registered as a tax-exempt nonprofit (EIN: 208379775). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Living Solutions Ii Corporation a good charity?
Based on the available data, Living Solutions Ii Corporation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. While it experienced deficits in earlier years, it has shown financial stability in the most recent periods (2022 and 2023) with revenues exceeding expenses. Its liabilities are also consistently low.
Why have the organization's assets been declining?
The organization's assets have gradually declined from $1,949,488 in 2014 to $1,557,963 in 2023. This decline coincides with several years where expenses exceeded revenues (e.g., 2014-2021), suggesting that the organization may have drawn down on its reserves to cover operational costs during those periods.
What is the organization's NTEE code and what does it mean?
The NTEE Code is I22. This code typically refers to 'Housing Development, Construction & Management' organizations, indicating that Living Solutions Ii Corporation is likely involved in providing or managing housing solutions.
How does the organization manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for key personnel is covered through other means not reported as officer compensation on the 990, though the former is more likely given the consistent reporting.
Filing History
IRS 990 filing history for Living Solutions Ii Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Living Solutions Ii Corporation's revenue has grown by 10.7%, moving from $131K to $145K. Total assets decreased by 23% over the same period, from $2.0M to $1.6M. Total functional expenses fell by 39.2%, from $195K to $119K. In its most recent filing year (2023), Living Solutions Ii Corporation reported a surplus of $26K, with revenue exceeding expenses. The organization holds $11K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $145K | $119K | $1.6M | $11K | — | View 990 |
| 2022 | $142K | $113K | $1.6M | $12K | — | — |
| 2021 | $142K | $178K | $1.6M | $11K | — | View 990 |
| 2020 | $142K | $180K | $1.7M | $15K | — | View 990 |
| 2019 | $154K | $188K | $1.7M | $15K | — | View 990 |
| 2018 | $142K | $178K | $1.8M | $23K | — | View 990 |
| 2017 | $142K | $184K | $1.8M | $10K | — | View 990 |
| 2016 | $136K | $182K | $1.8M | $11K | — | View 990 |
| 2015 | $135K | $189K | $1.9M | $18K | — | View 990 |
| 2014 | $134K | $209K | $1.9M | $24K | — | View 990 |
| 2013 | $131K | $195K | $2.0M | $22K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $145K, expenses of $119K, and assets of $1.6M (revenue +2.0% year-over-year).
- 2022: Revenue of $142K, expenses of $113K, and assets of $1.6M (revenue +0.3% year-over-year).
- 2021: Revenue of $142K, expenses of $178K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2020: Revenue of $142K, expenses of $180K, and assets of $1.7M (revenue -8.0% year-over-year).
- 2019: Revenue of $154K, expenses of $188K, and assets of $1.7M (revenue +8.8% year-over-year).
- 2018: Revenue of $142K, expenses of $178K, and assets of $1.8M (revenue -0.5% year-over-year).
- 2017: Revenue of $142K, expenses of $184K, and assets of $1.8M (revenue +4.9% year-over-year).
- 2016: Revenue of $136K, expenses of $182K, and assets of $1.8M (revenue +0.3% year-over-year).
- 2015: Revenue of $135K, expenses of $189K, and assets of $1.9M (revenue +1.3% year-over-year).
- 2014: Revenue of $134K, expenses of $209K, and assets of $1.9M (revenue +2.0% year-over-year).
- 2013: Revenue of $131K, expenses of $195K, and assets of $2.0M.
Data Sources and Methodology
This transparency report for Living Solutions Ii Corporation 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.