Mandela Residents Cooperative
EIN: 311586589 · Boston, MA · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $590K |
| Net Assets | $28.6M |
Is Mandela Residents Cooperative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mandela Residents Cooperative
Mandela Residents Cooperative (EIN: 311586589) is a nonprofit organization based in Boston, MA, classified under NTEE code L21. The organization reported total revenue of $1.1M and total assets of $29.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mandela Residents Cooperative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mandela Residents Cooperative is a mid-size nonprofit that has been operating for 2 years, with 4 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $590K |
| Surplus / Deficit | +$587K |
| Total Assets | $28.6M |
| Net Assets | $28.6M |
| Operating Margin | 49.9% |
| Months of Reserves | 581.8 months |
Financial Health Grade: A
In 2023, Mandela Residents Cooperative reported a surplus of $587K with revenue exceeding expenses, holds 581.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2011–2023), Mandela Residents Cooperative's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +407.6% | +232.7% | +1622.2% |
| 2013 | -2.1% | -2.0% | +2.1% |
| 2012 | +7.2% | +40.7% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mandela Residents Cooperative 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 Mandela Residents Cooperative 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 $587K, with revenue exceeding expenses.
Frequently Asked Questions about Mandela Residents Cooperative
Is Mandela Residents Cooperative a legitimate charity?
Mandela Residents Cooperative (EIN: 311586589) is a registered tax-exempt nonprofit based in Massachusetts. It has 4 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Mandela Residents Cooperative spend its money?
Mandela Residents Cooperative reported $1.1M in total revenue 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 Mandela Residents Cooperative tax-deductible?
Mandela Residents Cooperative is registered as a tax-exempt nonprofit (EIN: 311586589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mandela Residents Cooperative located?
Mandela Residents Cooperative is headquartered in Boston, Massachusetts and files with the IRS under EIN 311586589. It is classified under NTEE code L21.
How many years of IRS 990 filings does Mandela Residents Cooperative have?
Mandela Residents Cooperative has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Mandela Residents Cooperative showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2023), Mandela Residents Cooperative's revenue has grown by 432.3%, moving from $221K to $1.2M. Total assets increased by 1724.2% over the same period, from $1.6M to $28.6M. Total functional expenses rose by 359%, from $129K to $590K. In its most recent filing year (2023), Mandela Residents Cooperative reported a surplus of $587K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $590K | $28.6M | $0 | — | — |
| 2013 | $232K | $177K | $1.7M | $9K | — | View 990 |
| 2012 | $237K | $181K | $1.6M | $30K | — | View 990 |
| 2011 | $221K | $129K | $1.6M | $27K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $590K, and assets of $28.6M (revenue +407.6% year-over-year).
- 2013: Revenue of $232K, expenses of $177K, and assets of $1.7M (revenue -2.1% year-over-year).
- 2012: Revenue of $237K, expenses of $181K, and assets of $1.6M (revenue +7.2% year-over-year).
- 2011: Revenue of $221K, expenses of $129K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mandela Residents Cooperative:
Data Sources and Methodology
This transparency report for Mandela Residents Cooperative 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.