Luther Lakeside Apartments Inc
EIN: 391409024 · Rochester, MN · NTEE: E21
| Metric | Value |
|---|---|
| Total Expenses | $218K |
| Net Assets | $-220,009 |
Is Luther Lakeside Apartments Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Luther Lakeside Apartments Inc
Luther Lakeside Apartments Inc (EIN: 391409024) is a nonprofit organization based in Rochester, MN, classified under NTEE code E21. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luther Lakeside Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Luther Lakeside Apartments Inc is a small nonprofit that has been operating for 12 years, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $271K |
| Total Expenses | $218K |
| Surplus / Deficit | +$53K |
| Total Assets | $596K |
| Total Liabilities | $816K |
| Net Assets | $-220,009 |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 136.9% |
| Months of Reserves | 32.8 months |
Financial Health Grade: A
In 2014, Luther Lakeside Apartments Inc reported a surplus of $53K with revenue exceeding expenses, holds 32.8 months of operating reserves (strong position), has a debt-to-asset ratio of 136.9% (high leverage).
Financial Trends
Over 4 years of filings (2011–2014), Luther Lakeside Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -1.6% | -3.5% | -0.3% |
| 2013 | +1.4% | +3.1% | +-0.0% |
| 2012 | +0.4% | +2.5% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Luther Lakeside Apartments Inc 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 Luther Lakeside Apartments Inc 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $53K, with revenue exceeding expenses.
- Debt-to-asset ratio: 136.9%.
Frequently Asked Questions about Luther Lakeside Apartments Inc
Is Luther Lakeside Apartments Inc a legitimate charity?
Luther Lakeside Apartments Inc (EIN: 391409024) is a registered tax-exempt nonprofit based in Minnesota. It has 4 years of IRS 990 filings on record. No red flags identified. Financial health grade: A.
How does Luther Lakeside Apartments Inc spend its money?
Luther Lakeside Apartments Inc reported its financials in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Luther Lakeside Apartments Inc tax-deductible?
Luther Lakeside Apartments Inc is registered as a tax-exempt nonprofit (EIN: 391409024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Luther Lakeside Apartments Inc located?
Luther Lakeside Apartments Inc is headquartered in Rochester, Minnesota and files with the IRS under EIN 391409024. It is classified under NTEE code E21.
How many years of IRS 990 filings does Luther Lakeside Apartments Inc have?
Luther Lakeside Apartments Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Luther Lakeside Apartments Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Luther Lakeside Apartments Inc's revenue has grown by 0.2%, moving from $270K to $271K. Total assets increased by 1.3% over the same period, from $588K to $596K. Total functional expenses rose by 2%, from $213K to $218K. In its most recent filing year (2014), Luther Lakeside Apartments Inc reported a surplus of $53K, with revenue exceeding expenses. The organization holds $816K in liabilities against $596K in assets (debt-to-asset ratio: 136.9%), resulting in net assets of $-220,009.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $271K | $218K | $596K | $816K | — | View 990 |
| 2013 | $275K | $225K | $597K | $870K | — | View 990 |
| 2012 | $271K | $219K | $598K | $920K | — | View 990 |
| 2011 | $270K | $213K | $588K | $963K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $271K, expenses of $218K, and assets of $596K (revenue -1.6% year-over-year).
- 2013: Revenue of $275K, expenses of $225K, and assets of $597K (revenue +1.4% year-over-year).
- 2012: Revenue of $271K, expenses of $219K, and assets of $598K (revenue +0.4% year-over-year).
- 2011: Revenue of $270K, expenses of $213K, and assets of $588K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Luther Lakeside Apartments Inc:
Data Sources and Methodology
This transparency report for Luther Lakeside Apartments 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.