Mcaullife Apartments Inc
Mcaullife Apartments Inc consistently operates at a deficit, drawing down assets over the past decade.
EIN: 202077406 · Knoxville, TN · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $158K |
| Total Expenses | $196K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150,000. |
| Net Assets | $634K |
| Transparency Score | 65/100 |
Is Mcaullife Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcaullife Apartments Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcaullife Apartments Inc
Mcaullife Apartments Inc (EIN: 202077406) is a nonprofit organization based in Knoxville, TN, classified under NTEE code L21. The organization reported total revenue of $158K and total assets of $626K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcaullife Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcaullife Apartments Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $152K |
| Total Expenses | $196K |
| Surplus / Deficit | $-43,997 |
| Total Assets | $669K |
| Total Liabilities | $35K |
| Net Assets | $634K |
| Operating Margin | -29.0% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 41.0 months |
Financial Health Grade: B
In 2024, Mcaullife Apartments Inc reported a deficit of $44K with expenses exceeding revenue, holds 41.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Mcaullife Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +15.8% | +12.2% | -6.6% |
| 2023 | +3.8% | -4.6% | -5.0% |
| 2022 | +2.1% | +5.4% | -5.7% |
| 2021 | -6.1% | +1.7% | -5.4% |
| 2020 | +6.0% | +5.6% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Mcaullife Apartments Inc with a Mission Score of 65 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, Mcaullife 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for a nonprofit of its size with annual revenues around $150,000.
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 Mcaullife Apartments Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported period (e.g., 2024 revenue $151,612 vs. expenses $195,609).
- Declining asset base over time, from $1,020,051 in 2015 to $668,565 in 2024, indicating reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Mcaullife Apartments Inc:
- Zero reported officer compensation across all filings, indicating efficient use of funds at the leadership level.
- Consistent filing of IRS 990 forms over 14 periods, demonstrating strong transparency and compliance.
Frequently Asked Questions about Mcaullife Apartments Inc
Is Mcaullife Apartments Inc a legitimate charity?
Mcaullife Apartments Inc (EIN: 202077406) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $158K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Mcaullife Apartments Inc spend its money?
Mcaullife Apartments Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mcaullife Apartments Inc tax-deductible?
Mcaullife Apartments Inc is registered as a tax-exempt nonprofit (EIN: 202077406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mcaullife Apartments Inc CEO make?
Mcaullife Apartments Inc's highest-compensated officer earns $150,000. annually. The organization reported $158K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mcaullife Apartments Inc's spending goes to programs?
Mcaullife Apartments Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcaullife Apartments Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mcaullife Apartments Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcaullife Apartments Inc located?
Mcaullife Apartments Inc is headquartered in Knoxville, Tennessee and files with the IRS under EIN 202077406. It is classified under NTEE code L21.
How many years of IRS 990 filings does Mcaullife Apartments Inc have?
Mcaullife Apartments Inc has 14 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 $158K in total revenue.
Is Mcaullife Apartments Inc financially sustainable given its consistent deficits?
The organization has consistently spent more than it earned, leading to a decline in assets from $1,020,051 in 2015 to $668,565 in 2024. While liabilities are low, this trend raises concerns about long-term financial sustainability without increased revenue or reduced expenses.
What is the primary source of the organization's consistent deficits?
The provided data does not detail expense categories, making it difficult to pinpoint the exact cause of the deficits. A review of the full 990 forms would be needed to understand if program costs, administrative overhead, or other factors are driving the expenses above revenue.
How does the lack of officer compensation impact the organization's operations?
The absence of officer compensation suggests a highly dedicated, possibly volunteer, leadership. While this is positive for efficiency, it could also indicate potential challenges in attracting and retaining professional leadership if the organization were to scale.
Filing History
IRS 990 filing history for Mcaullife Apartments Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Mcaullife Apartments Inc's revenue has grown by 69.3%, moving from $90K to $152K. Total assets decreased by 42.1% over the same period, from $1.2M to $669K. Total functional expenses rose by 70.3%, from $115K to $196K. In its most recent filing year (2024), Mcaullife Apartments Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $35K in liabilities against $669K in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $634K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $152K | $196K | $669K | $35K | — | — |
| 2023 | $131K | $174K | $716K | $38K | — | — |
| 2022 | $126K | $183K | $754K | $33K | — | View 990 |
| 2021 | $124K | $173K | $800K | $22K | — | — |
| 2020 | $132K | $171K | $846K | $18K | — | View 990 |
| 2019 | $124K | $162K | $881K | $14K | — | View 990 |
| 2018 | $120K | $170K | $921K | $16K | — | View 990 |
| 2017 | $127K | $139K | $971K | $17K | — | View 990 |
| 2016 | $102K | $138K | $980K | $13K | — | View 990 |
| 2015 | $99K | $146K | $1.0M | $17K | — | View 990 |
| 2014 | $100K | $131K | $1.1M | $14K | — | View 990 |
| 2013 | $99K | $129K | $1.1M | $19K | — | View 990 |
| 2012 | $99K | $130K | $1.1M | $13K | — | View 990 |
| 2011 | $90K | $115K | $1.2M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $152K, expenses of $196K, and assets of $669K (revenue +15.8% year-over-year).
- 2023: Revenue of $131K, expenses of $174K, and assets of $716K (revenue +3.8% year-over-year).
- 2022: Revenue of $126K, expenses of $183K, and assets of $754K (revenue +2.1% year-over-year).
- 2021: Revenue of $124K, expenses of $173K, and assets of $800K (revenue -6.1% year-over-year).
- 2020: Revenue of $132K, expenses of $171K, and assets of $846K (revenue +6.0% year-over-year).
- 2019: Revenue of $124K, expenses of $162K, and assets of $881K (revenue +3.8% year-over-year).
- 2018: Revenue of $120K, expenses of $170K, and assets of $921K (revenue -5.5% year-over-year).
- 2017: Revenue of $127K, expenses of $139K, and assets of $971K (revenue +24.6% year-over-year).
- 2016: Revenue of $102K, expenses of $138K, and assets of $980K (revenue +2.7% year-over-year).
- 2015: Revenue of $99K, expenses of $146K, and assets of $1.0M (revenue -1.0% year-over-year).
- 2014: Revenue of $100K, expenses of $131K, and assets of $1.1M (revenue +0.7% year-over-year).
- 2013: Revenue of $99K, expenses of $129K, and assets of $1.1M (revenue -0.1% year-over-year).
- 2012: Revenue of $99K, expenses of $130K, and assets of $1.1M (revenue +11.0% year-over-year).
- 2011: Revenue of $90K, expenses of $115K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcaullife Apartments Inc:
Data Sources and Methodology
This transparency report for Mcaullife 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.