Machebeuf Apartments
Machebeuf Apartments consistently operates at a deficit with liabilities exceeding assets, yet maintains operations without executive compensation.
EIN: 201719823 · Denver, CO · Updated: 2026-03-28
Is Machebeuf Apartments Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Machebeuf Apartments directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Machebeuf Apartments
Machebeuf Apartments (EIN: 201719823) is a nonprofit organization based in Denver, CO. The organization reported total revenue of $824K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Machebeuf Apartments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Machebeuf Apartments is a small nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $687K |
| Total Expenses | $789K |
| Surplus / Deficit | $-101,584 |
| Total Assets | $2.7M |
| Total Liabilities | $3.3M |
| Net Assets | $-602,687 |
| Operating Margin | -14.8% |
| Debt-to-Asset Ratio | 122.7% |
| Months of Reserves | 40.4 months |
Financial Health Grade: C
In 2023, Machebeuf Apartments reported a deficit of $102K with expenses exceeding revenue, holds 40.4 months of operating reserves (strong position), has a debt-to-asset ratio of 122.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Machebeuf Apartments's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.5% | +5.0% | -6.2% |
| 2022 | +0.2% | +4.6% | -6.4% |
| 2021 | -3.8% | -10.2% | -6.6% |
| 2020 | -0.6% | +11.1% | -7.7% |
| 2019 | +181.5% | +1.1% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Machebeuf Apartments with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Machebeuf Apartments allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 122.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with assets over $2.5 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 Machebeuf Apartments's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most periods, e.g., $788,866 expenses vs. $687,282 revenue in 202312).
- Liabilities consistently exceed assets in recent years, indicating a negative net asset position (e.g., $3,260,803 liabilities vs. $2,658,116 assets in 202312).
- Significant decline in total assets over the past decade (from $4,272,265 in 201412 to $2,658,116 in 202312).
Strengths
The following positive indicators were identified for Machebeuf Apartments:
- Zero reported officer compensation across all filings, indicating high efficiency in executive spending.
- Consistent filing of IRS 990 forms (14 filings), demonstrating a commitment to transparency.
- Maintains operations and an asset base despite financial challenges, suggesting resilience and a dedicated mission.
Frequently Asked Questions about Machebeuf Apartments
Is Machebeuf Apartments a legitimate charity?
Based on AI analysis of IRS 990 filings, Machebeuf Apartments (EIN: 201719823) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Machebeuf Apartments spend its money?
Machebeuf Apartments directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Machebeuf Apartments tax-deductible?
Machebeuf Apartments is registered as a tax-exempt nonprofit (EIN: 201719823). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Machebeuf Apartments financially sustainable in the long term?
The organization has consistently reported expenses exceeding revenues, and its liabilities have surpassed its assets in recent years (e.g., $3,260,803 liabilities vs. $2,658,116 assets in 202312). This trend raises concerns about long-term financial sustainability without a clear strategy to increase revenue or reduce expenses.
What is the nature of Machebeuf Apartments' liabilities?
The filings indicate significant liabilities (e.g., $3,260,803 in 202312) that consistently exceed assets. Without further detail from the full IRS 990, it's unclear if these are primarily mortgage debt, program-related obligations, or other forms of debt.
How does Machebeuf Apartments cover its operating deficits?
With consistent operating deficits (e.g., $788,866 expenses vs. $687,282 revenue in 202312), the organization likely relies on drawing down existing assets, non-operating income, or potentially new debt to cover the gap. The decrease in assets from $4,272,265 in 201412 to $2,658,116 in 202312 suggests asset utilization.
Filing History
IRS 990 filing history for Machebeuf Apartments showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Machebeuf Apartments's revenue has grown by 28.4%, moving from $535K to $687K. Total assets decreased by 41.2% over the same period, from $4.5M to $2.7M. Total functional expenses rose by 53%, from $516K to $789K. In its most recent filing year (2023), Machebeuf Apartments reported a deficit of $102K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $2.7M in assets (debt-to-asset ratio: 122.7%), resulting in net assets of $-602,687.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $687K | $789K | $2.7M | $3.3M | — | View 990 |
| 2022 | $571K | $751K | $2.8M | $3.3M | — | View 990 |
| 2021 | $570K | $718K | $3.0M | $3.3M | — | — |
| 2020 | $592K | $800K | $3.2M | $3.4M | — | View 990 |
| 2019 | $596K | $720K | $3.5M | $3.5M | — | View 990 |
| 2018 | $212K | $712K | $3.7M | $3.5M | — | View 990 |
| 2017 | $584K | $667K | $3.8M | $3.2M | — | View 990 |
| 2016 | $585K | $643K | $4.0M | $3.2M | — | View 990 |
| 2015 | $589K | $717K | $4.1M | $3.3M | — | View 990 |
| 2014 | $570K | $671K | $4.3M | $3.3M | — | View 990 |
| 2013 | $561K | $642K | $4.4M | $3.4M | — | View 990 |
| 2012 | $-872,732 | $564K | $4.5M | $3.4M | — | View 990 |
| 2011 | $575K | $552K | $4.5M | $2.0M | — | View 990 |
| 2010 | $535K | $516K | $4.5M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $687K, expenses of $789K, and assets of $2.7M (revenue +20.5% year-over-year).
- 2022: Revenue of $571K, expenses of $751K, and assets of $2.8M (revenue +0.2% year-over-year).
- 2021: Revenue of $570K, expenses of $718K, and assets of $3.0M (revenue -3.8% year-over-year).
- 2020: Revenue of $592K, expenses of $800K, and assets of $3.2M (revenue -0.6% year-over-year).
- 2019: Revenue of $596K, expenses of $720K, and assets of $3.5M (revenue +181.5% year-over-year).
- 2018: Revenue of $212K, expenses of $712K, and assets of $3.7M (revenue -63.8% year-over-year).
- 2017: Revenue of $584K, expenses of $667K, and assets of $3.8M (revenue -0.1% year-over-year).
- 2016: Revenue of $585K, expenses of $643K, and assets of $4.0M (revenue -0.6% year-over-year).
- 2015: Revenue of $589K, expenses of $717K, and assets of $4.1M (revenue +3.3% year-over-year).
- 2014: Revenue of $570K, expenses of $671K, and assets of $4.3M (revenue +1.7% year-over-year).
- 2013: Revenue of $561K, expenses of $642K, and assets of $4.4M.
- 2012: Revenue of $-872,732, expenses of $564K, and assets of $4.5M (revenue -251.8% year-over-year).
- 2011: Revenue of $575K, expenses of $552K, and assets of $4.5M (revenue +7.4% year-over-year).
- 2010: Revenue of $535K, expenses of $516K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Machebeuf Apartments:
Data Sources and Methodology
This transparency report for Machebeuf 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.