Lockwood Glen Apartments Llc
EIN: 842799172 · Boston, MA · NTEE: S47
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $3.2M |
| Net Assets | $38.5M |
Is Lockwood Glen Apartments Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lockwood Glen Apartments Llc
Lockwood Glen Apartments Llc (EIN: 842799172) is a nonprofit organization based in Boston, MA, classified under NTEE code S47. The organization reported total revenue of $6.2M and total assets of $71.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lockwood Glen Apartments Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lockwood Glen Apartments Llc is a mid-size nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 37.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.0M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $71.3M |
| Total Liabilities | $32.9M |
| Net Assets | $38.5M |
| Operating Margin | 46.5% |
| Debt-to-Asset Ratio | 46.1% |
| Months of Reserves | 265.9 months |
Financial Health Grade: A
In 2023, Lockwood Glen Apartments Llc reported a surplus of $2.8M with revenue exceeding expenses, holds 265.9 months of operating reserves (strong position), has a debt-to-asset ratio of 46.1% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Lockwood Glen Apartments Llc's revenue has grown at a compound annual growth rate (CAGR) of 37.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | -1.0% | -22.0% |
| 2022 | +13.9% | +2.7% | +4.1% |
| 2021 | +8.8% | +7.7% | +25.4% |
| 2020 | +177.2% | +182.1% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lockwood Glen Apartments Llc 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 Lockwood Glen Apartments Llc 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 $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.1%.
Frequently Asked Questions about Lockwood Glen Apartments Llc
Is Lockwood Glen Apartments Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lockwood Glen Apartments Llc (EIN: 842799172) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lockwood Glen Apartments Llc spend its money?
Detailed spending breakdown data is not yet available for Lockwood Glen Apartments Llc. Check back for updated IRS 990 analysis.
Are donations to Lockwood Glen Apartments Llc tax-deductible?
Lockwood Glen Apartments Llc is registered as a tax-exempt nonprofit (EIN: 842799172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lockwood Glen Apartments Llc located?
Lockwood Glen Apartments Llc is headquartered in Boston, Massachusetts and files with the IRS under EIN 842799172. It is classified under NTEE code S47.
How many years of IRS 990 filings does Lockwood Glen Apartments Llc have?
Lockwood Glen Apartments Llc has 5 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 $6.2M in total revenue.
Filing History
IRS 990 filing history for Lockwood Glen Apartments Llc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Lockwood Glen Apartments Llc's revenue has grown by 257.1%, moving from $1.7M to $6.0M. Total assets increased by 1.8% over the same period, from $70.1M to $71.3M. Total functional expenses rose by 209.1%, from $1.0M to $3.2M. In its most recent filing year (2023), Lockwood Glen Apartments Llc reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $32.9M in liabilities against $71.3M in assets (debt-to-asset ratio: 46.1%), resulting in net assets of $38.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $3.2M | $71.3M | $32.9M | — | — |
| 2022 | $5.8M | $3.3M | $91.4M | $33.0M | — | View 990 |
| 2021 | $5.1M | $3.2M | $87.8M | $35.3M | — | View 990 |
| 2020 | $4.7M | $2.9M | $70.0M | $36.8M | — | View 990 |
| 2019 | $1.7M | $1.0M | $70.1M | $35.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $3.2M, and assets of $71.3M (revenue +3.9% year-over-year).
- 2022: Revenue of $5.8M, expenses of $3.3M, and assets of $91.4M (revenue +13.9% year-over-year).
- 2021: Revenue of $5.1M, expenses of $3.2M, and assets of $87.8M (revenue +8.8% year-over-year).
- 2020: Revenue of $4.7M, expenses of $2.9M, and assets of $70.0M (revenue +177.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.0M, and assets of $70.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lockwood Glen Apartments Llc:
Data Sources and Methodology
This transparency report for Lockwood Glen Apartments Llc 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.