Mary Gale Apartments Inc
EIN: 542118821 · Manchester, NH · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $2K |
| Net Assets | $-28,658 |
Is Mary Gale 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 Mary Gale Apartments Inc
Mary Gale Apartments Inc (EIN: 542118821) is a nonprofit organization based in Manchester, NH, classified under NTEE code L20. The organization reported total revenue of $1 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mary Gale Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mary Gale Apartments Inc is a micro nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -97.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $2K |
| Surplus / Deficit | $-1,890 |
| Total Assets | $2K |
| Total Liabilities | $31K |
| Net Assets | $-28,658 |
| Operating Margin | -189000.0% |
| Debt-to-Asset Ratio | 1265.4% |
| Months of Reserves | 15.6 months |
Financial Health Grade: C
In 2023, Mary Gale Apartments Inc reported a deficit of $2K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1265.4% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Mary Gale Apartments Inc's revenue has declined at a compound annual growth rate (CAGR) of -97.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -97.1% | +5.8% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mary Gale 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 Mary Gale 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1265.4%.
Frequently Asked Questions about Mary Gale Apartments Inc
Is Mary Gale Apartments Inc a legitimate charity?
Mary Gale Apartments Inc (EIN: 542118821) is a registered tax-exempt nonprofit based in New Hampshire. It has 2 years of IRS 990 filings on record. Total revenue: $1. No red flags identified. Financial health grade: C.
How does Mary Gale Apartments Inc spend its money?
Mary Gale Apartments Inc reported $1 in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mary Gale Apartments Inc tax-deductible?
Mary Gale Apartments Inc is registered as a tax-exempt nonprofit (EIN: 542118821). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mary Gale Apartments Inc located?
Mary Gale Apartments Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 542118821. It is classified under NTEE code L20.
How many years of IRS 990 filings does Mary Gale Apartments Inc have?
Mary Gale Apartments Inc has 2 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 in total revenue.
Filing History
IRS 990 filing history for Mary Gale Apartments Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Mary Gale Apartments Inc's revenue has declined by 97.1%, moving from $34 to $1. Total assets decreased by 0.3% over the same period, from $2K to $2K. Total functional expenses rose by 5.8%, from $2K to $2K. In its most recent filing year (2023), Mary Gale Apartments Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $31K in liabilities against $2K in assets (debt-to-asset ratio: 1265.4%), resulting in net assets of $-28,658.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1 | $2K | $2K | $31K | — | View 990 |
| 2022 | $34 | $2K | $2K | $29K | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mary Gale Apartments Inc:
Data Sources and Methodology
This transparency report for Mary Gale 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.