Lutheran Housing Corporation Prairie Lake Apartments
EIN: 261880559 · Sioux Falls, SD · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $201K |
| Total Expenses | $192K |
| Net Assets | $295K |
Is Lutheran Housing Corporation Prairie Lake Apartments Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lutheran Housing Corporation Prairie Lake Apartments
Lutheran Housing Corporation Prairie Lake Apartments (EIN: 261880559) is a nonprofit organization based in Sioux Falls, SD, classified under NTEE code L21. The organization reported total revenue of $201K and total assets of $322K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Housing Corporation Prairie Lake Apartments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Housing Corporation Prairie Lake Apartments is a small nonprofit that has been operating for 6 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $192K |
| Surplus / Deficit | +$9K |
| Total Assets | $322K |
| Total Liabilities | $27K |
| Net Assets | $295K |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 20.1 months |
Financial Health Grade: A
In 2023, Lutheran Housing Corporation Prairie Lake Apartments reported a surplus of $9K with revenue exceeding expenses, holds 20.1 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Housing Corporation Prairie Lake Apartments's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +32.1% | +23.2% | +1.8% |
| 2022 | +1.5% | -12.0% | -2.4% |
| 2021 | -8.0% | +7.3% | +2.5% |
| 2020 | +7.6% | -3.3% | +0.9% |
| 2019 | +3.9% | +8.6% | -7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lutheran Housing Corporation Prairie Lake Apartments 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 Lutheran Housing Corporation Prairie Lake Apartments 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 $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.3%.
Frequently Asked Questions about Lutheran Housing Corporation Prairie Lake Apartments
Is Lutheran Housing Corporation Prairie Lake Apartments a legitimate charity?
Lutheran Housing Corporation Prairie Lake Apartments (EIN: 261880559) is a registered tax-exempt nonprofit based in South Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $201K. No red flags identified. Financial health grade: A.
How does Lutheran Housing Corporation Prairie Lake Apartments spend its money?
Lutheran Housing Corporation Prairie Lake Apartments reported $201K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lutheran Housing Corporation Prairie Lake Apartments tax-deductible?
Lutheran Housing Corporation Prairie Lake Apartments is registered as a tax-exempt nonprofit (EIN: 261880559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lutheran Housing Corporation Prairie Lake Apartments located?
Lutheran Housing Corporation Prairie Lake Apartments is headquartered in Sioux Falls, South Dakota and files with the IRS under EIN 261880559. It is classified under NTEE code L21.
How many years of IRS 990 filings does Lutheran Housing Corporation Prairie Lake Apartments have?
Lutheran Housing Corporation Prairie Lake Apartments 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 $201K in total revenue.
Filing History
IRS 990 filing history for Lutheran Housing Corporation Prairie Lake Apartments showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Housing Corporation Prairie Lake Apartments's revenue has grown by 115.4%, moving from $93K to $201K. Total assets decreased by 84.9% over the same period, from $2.1M to $322K. Total functional expenses rose by 29.8%, from $148K to $192K. In its most recent filing year (2023), Lutheran Housing Corporation Prairie Lake Apartments reported a surplus of $9K, with revenue exceeding expenses. The organization holds $27K in liabilities against $322K in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $295K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $201K | $192K | $322K | $27K | — | — |
| 2022 | $152K | $156K | $316K | $30K | — | View 990 |
| 2021 | $150K | $177K | $324K | $34K | — | — |
| 2020 | $163K | $165K | $316K | $32K | — | — |
| 2019 | $151K | $171K | $313K | $27K | — | View 990 |
| 2018 | $145K | $157K | $339K | $34K | — | — |
| 2017 | $123K | $135K | $353K | $35K | — | — |
| 2016 | $101K | $165K | $1.9M | $35K | — | — |
| 2015 | $103K | $156K | $1.9M | $15K | — | — |
| 2014 | $102K | $151K | $2.0M | $14K | — | View 990 |
| 2013 | $104K | $147K | $2.0M | $16K | — | View 990 |
| 2012 | $103K | $148K | $2.1M | $17K | — | View 990 |
| 2011 | $93K | $148K | $2.1M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $201K, expenses of $192K, and assets of $322K (revenue +32.1% year-over-year).
- 2022: Revenue of $152K, expenses of $156K, and assets of $316K (revenue +1.5% year-over-year).
- 2021: Revenue of $150K, expenses of $177K, and assets of $324K (revenue -8.0% year-over-year).
- 2020: Revenue of $163K, expenses of $165K, and assets of $316K (revenue +7.6% year-over-year).
- 2019: Revenue of $151K, expenses of $171K, and assets of $313K (revenue +3.9% year-over-year).
- 2018: Revenue of $145K, expenses of $157K, and assets of $339K (revenue +18.0% year-over-year).
- 2017: Revenue of $123K, expenses of $135K, and assets of $353K (revenue +21.7% year-over-year).
- 2016: Revenue of $101K, expenses of $165K, and assets of $1.9M (revenue -2.0% year-over-year).
- 2015: Revenue of $103K, expenses of $156K, and assets of $1.9M (revenue +1.8% year-over-year).
- 2014: Revenue of $102K, expenses of $151K, and assets of $2.0M (revenue -2.0% year-over-year).
- 2013: Revenue of $104K, expenses of $147K, and assets of $2.0M (revenue +1.0% year-over-year).
- 2012: Revenue of $103K, expenses of $148K, and assets of $2.1M (revenue +10.1% year-over-year).
- 2011: Revenue of $93K, expenses of $148K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Housing Corporation Prairie Lake Apartments:
Data Sources and Methodology
This transparency report for Lutheran Housing Corporation Prairie Lake Apartments 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.