Mantua Presbyterian Apartments Inc

Mantua Presbyterian Apartments Inc. consistently spends more than it earns, drawing down assets while maintaining zero executive compensation.

EIN: 205006775 · Lafayette Hl, PA · NTEE: L21 · Updated: 2026-03-28

$853KRevenue

$5.2MAssets

70/100Mission Score (Good)

L21

About Mantua Presbyterian Apartments Inc

Mantua Presbyterian Apartments Inc (EIN: 205006775) is a nonprofit organization based in Lafayette Hl, PA, classified under NTEE code L21. The organization reported total revenue of $853K and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mantua Presbyterian Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mantua Presbyterian Apartments Inc. demonstrates consistent financial operations focused on its mission, as evidenced by its NTEE code L21 (Housing for the Elderly). The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of financial efficiency and a commitment to directing resources towards its programs. However, a notable trend is that expenses have consistently exceeded revenue over the past decade, leading to a gradual decline in assets from $9,055,852 in 2014 to $5,407,674 in 2023. This sustained deficit spending, with expenses like $1,152,098 against revenues of $761,920 in 2023, suggests a reliance on drawing down reserves or other non-operating income sources not fully detailed in the provided summary. The significant increase in liabilities from $1,576,194 in 2018 to $10,583,376 in 2023 also warrants further investigation to understand the nature of these obligations and their impact on long-term financial stability.

Despite the deficit spending, the absence of executive compensation suggests a lean operational structure. The organization's primary focus appears to be on providing housing services, aligning with its NTEE code. The consistent reporting of financial data over 13 filings indicates a commitment to transparency. However, the long-term sustainability given the persistent revenue-expense gap and increasing liabilities is a key area for potential concern. Understanding the specific breakdown of program, administrative, and fundraising expenses would provide a clearer picture of spending efficiency, which is not directly available in the provided summary data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mantua Presbyterian Apartments Inc 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: 85%
fundraising: 5%

According to IRS 990 filings, Mantua Presbyterian Apartments Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation has been consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with assets over $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 Mantua Presbyterian Apartments Inc's IRS 990 filings:

Consistent deficit spending: Expenses have exceeded revenue in every reported year, leading to a decline in assets.
Significant increase in liabilities: Liabilities surged from $1.5M in 2018 to over $10M in 2019 and have remained high, indicating substantial debt.
Declining asset base: Total assets have decreased by over $3.6 million (from $9.05M in 2014 to $5.4M in 2023) over the past decade.

Strengths

The following positive indicators were identified for Mantua Presbyterian Apartments Inc:

Zero executive compensation: No officer compensation reported, indicating a strong commitment to directing funds to the mission.
Consistent mission focus: NTEE code L21 (Housing for the Elderly) aligns with the organization's name and likely program activities.
Long filing history: 13 filings demonstrate consistent reporting and transparency over an extended period.

Frequently Asked Questions about Mantua Presbyterian Apartments Inc

How does Mantua Presbyterian Apartments Inc. cover its consistent operating deficits?

The provided data shows that expenses consistently exceed revenue (e.g., $1,152,098 expenses vs. $761,920 revenue in 2023). This suggests the organization is either drawing down its assets, utilizing non-operating income (like investment gains or principal from endowments not reflected in 'revenue'), or incurring debt to cover the difference. The decline in assets from $9,055,852 in 2014 to $5,407,674 in 2023 supports the asset drawdown theory.

What caused the significant increase in liabilities between 2018 and 2019?

Liabilities jumped from $1,576,194 in 2018 to $10,448,220 in 2019. This dramatic increase likely indicates the acquisition of significant debt, possibly for property acquisition, renovation, or refinancing existing obligations. Further investigation into the 2019 IRS 990 filing's balance sheet and footnotes would be necessary to identify the specific nature of these new liabilities.

Is the organization's current financial model sustainable given the persistent deficit spending?

The consistent trend of expenses exceeding revenue, coupled with declining assets and increasing liabilities, raises concerns about long-term financial sustainability. While the organization has substantial assets, a continued drawdown without a clear plan to achieve operational surpluses could eventually jeopardize its ability to fulfill its mission.

Filing History

IRS 990 filing history for Mantua Presbyterian Apartments Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mantua Presbyterian Apartments Inc's revenue has grown by 24.9%, moving from $610K to $762K. Total assets decreased by 47% over the same period, from $10.2M to $5.4M. Total functional expenses rose by 12%, from $1.0M to $1.2M. In its most recent filing year (2023), Mantua Presbyterian Apartments Inc reported a deficit of $390K, with expenses exceeding revenue. The organization holds $10.6M in liabilities against $5.4M in assets (debt-to-asset ratio: 195.7%), resulting in net assets of $-5,175,702.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$762K	$1.2M	$5.4M	$10.6M	—	—
2022	$747K	$1.2M	$5.8M	$10.6M	—	View 990
2021	$755K	$1.1M	$6.1M	$10.5M	—	View 990
2020	$672K	$1.1M	$6.4M	$10.5M	—	View 990
2019	$642K	$1.0M	$6.8M	$10.4M	—	View 990
2018	$639K	$1.0M	$7.2M	$1.6M	—	View 990
2017	$624K	$1.1M	$7.6M	$1.6M	—	—
2016	$614K	$1.1M	$8.1M	$1.6M	—	View 990
2015	$619K	$1.1M	$8.6M	$1.6M	—	View 990
2014	$624K	$1.0M	$9.1M	$1.6M	—	View 990
2013	$633K	$1.0M	$9.5M	$1.6M	—	View 990
2012	$661K	$1.0M	$9.8M	$1.6M	—	View 990
2011	$610K	$1.0M	$10.2M	$1.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $762K, expenses of $1.2M, and assets of $5.4M (revenue +1.9% year-over-year).
2022: Revenue of $747K, expenses of $1.2M, and assets of $5.8M (revenue -0.9% year-over-year).
2021: Revenue of $755K, expenses of $1.1M, and assets of $6.1M (revenue +12.3% year-over-year).
2020: Revenue of $672K, expenses of $1.1M, and assets of $6.4M (revenue +4.6% year-over-year).
2019: Revenue of $642K, expenses of $1.0M, and assets of $6.8M (revenue +0.4% year-over-year).
2018: Revenue of $639K, expenses of $1.0M, and assets of $7.2M (revenue +2.5% year-over-year).
2017: Revenue of $624K, expenses of $1.1M, and assets of $7.6M (revenue +1.6% year-over-year).
2016: Revenue of $614K, expenses of $1.1M, and assets of $8.1M (revenue -0.8% year-over-year).
2015: Revenue of $619K, expenses of $1.1M, and assets of $8.6M (revenue -0.8% year-over-year).
2014: Revenue of $624K, expenses of $1.0M, and assets of $9.1M (revenue -1.4% year-over-year).
2013: Revenue of $633K, expenses of $1.0M, and assets of $9.5M (revenue -4.2% year-over-year).
2012: Revenue of $661K, expenses of $1.0M, and assets of $9.8M (revenue +8.4% year-over-year).
2011: Revenue of $610K, expenses of $1.0M, and assets of $10.2M.

Data Sources and Methodology

This transparency report for Mantua Presbyterian 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.