Mcfarlan Kearsley Residence Llc
EIN: 462977115 · Flint, MI · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.7M |
| Net Assets | $1.6M |
Is Mcfarlan Kearsley Residence Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mcfarlan Kearsley Residence Llc
Mcfarlan Kearsley Residence Llc (EIN: 462977115) is a nonprofit organization based in Flint, MI, classified under NTEE code L22. The organization reported total revenue of $1.8M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcfarlan Kearsley Residence Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcfarlan Kearsley Residence Llc is a mid-size nonprofit that has been operating for 3 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-129,994 |
| Total Assets | $1.8M |
| Total Liabilities | $206K |
| Net Assets | $1.6M |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 11.7% |
| Months of Reserves | 12.5 months |
Financial Health Grade: B
In 2023, Mcfarlan Kearsley Residence Llc reported a deficit of $130K with expenses exceeding revenue, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 11.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), Mcfarlan Kearsley Residence Llc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +4.1% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mcfarlan Kearsley Residence Llc 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 Mcfarlan Kearsley Residence Llc 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 $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.7%.
Frequently Asked Questions about Mcfarlan Kearsley Residence Llc
Is Mcfarlan Kearsley Residence Llc a legitimate charity?
Mcfarlan Kearsley Residence Llc (EIN: 462977115) is a registered tax-exempt nonprofit based in Michigan. It has 2 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: B.
How does Mcfarlan Kearsley Residence Llc spend its money?
Mcfarlan Kearsley Residence Llc reported $1.8M 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 Mcfarlan Kearsley Residence Llc tax-deductible?
Mcfarlan Kearsley Residence Llc is registered as a tax-exempt nonprofit (EIN: 462977115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mcfarlan Kearsley Residence Llc located?
Mcfarlan Kearsley Residence Llc is headquartered in Flint, Michigan and files with the IRS under EIN 462977115. It is classified under NTEE code L22.
How many years of IRS 990 filings does Mcfarlan Kearsley Residence Llc have?
Mcfarlan Kearsley Residence Llc 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Mcfarlan Kearsley Residence Llc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Mcfarlan Kearsley Residence Llc's revenue has grown by 0.8%, moving from $1.6M to $1.6M. Total assets decreased by 1.6% over the same period, from $1.8M to $1.8M. Total functional expenses rose by 4.1%, from $1.6M to $1.7M. In its most recent filing year (2023), Mcfarlan Kearsley Residence Llc reported a deficit of $130K, with expenses exceeding revenue. The organization holds $206K in liabilities against $1.8M in assets (debt-to-asset ratio: 11.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $1.8M | $206K | — | — |
| 2022 | $1.6M | $1.6M | $1.8M | $94K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcfarlan Kearsley Residence Llc:
Data Sources and Methodology
This transparency report for Mcfarlan Kearsley Residence Llc 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.