Meharry Housing Corporation Dba Herman Street Apartments
EIN: 581908293 · Nashville, TN
| Metric | Value |
|---|---|
| Total Expenses | $552K |
| Net Assets | $-647,695 |
Is Meharry Housing Corporation Dba Herman Street Apartments Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Meharry Housing Corporation Dba Herman Street Apartments
Meharry Housing Corporation Dba Herman Street Apartments (EIN: 581908293) is a nonprofit organization based in Nashville, TN. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meharry Housing Corporation Dba Herman Street Apartments's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meharry Housing Corporation Dba Herman Street Apartments is a small nonprofit, with 3 years of IRS 990 filings on record (2012–2014). Revenue has grown at a compound annual rate of -48.1%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $552K |
| Surplus / Deficit | $-441,268 |
| Total Assets | $1.1M |
| Total Liabilities | $1.7M |
| Net Assets | $-647,695 |
| Operating Margin | -397.7% |
| Debt-to-Asset Ratio | 161.7% |
| Months of Reserves | 22.8 months |
Financial Health Grade: C
In 2014, Meharry Housing Corporation Dba Herman Street Apartments reported a deficit of $441K with expenses exceeding revenue, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 161.7% (high leverage).
Financial Trends
Over 3 years of filings (2012–2014), Meharry Housing Corporation Dba Herman Street Apartments's revenue has declined at a compound annual growth rate (CAGR) of -48.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -70.9% | +17.1% | -14.2% |
| 2013 | -7.4% | +6.4% | -6.9% |
AI Analysis Pending
AI enrichment for Meharry Housing Corporation Dba Herman Street Apartments 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 Meharry Housing Corporation Dba Herman Street Apartments 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 (2014)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $441K, with expenses exceeding revenue.
- Debt-to-asset ratio: 161.7%.
Frequently Asked Questions about Meharry Housing Corporation Dba Herman Street Apartments
Is Meharry Housing Corporation Dba Herman Street Apartments a legitimate charity?
Meharry Housing Corporation Dba Herman Street Apartments (EIN: 581908293) is a registered tax-exempt nonprofit based in Tennessee. It has 3 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Meharry Housing Corporation Dba Herman Street Apartments spend its money?
Meharry Housing Corporation Dba Herman Street Apartments reported its financials in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Meharry Housing Corporation Dba Herman Street Apartments tax-deductible?
Meharry Housing Corporation Dba Herman Street Apartments is registered as a tax-exempt nonprofit (EIN: 581908293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Meharry Housing Corporation Dba Herman Street Apartments located?
Meharry Housing Corporation Dba Herman Street Apartments is headquartered in Nashville, Tennessee and files with the IRS under EIN 581908293.
How many years of IRS 990 filings does Meharry Housing Corporation Dba Herman Street Apartments have?
Meharry Housing Corporation Dba Herman Street Apartments has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Meharry Housing Corporation Dba Herman Street Apartments showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2012–2014), Meharry Housing Corporation Dba Herman Street Apartments's revenue has declined by 73%, moving from $411K to $111K. Total assets decreased by 20.2% over the same period, from $1.3M to $1.1M. Total functional expenses rose by 24.6%, from $443K to $552K. In its most recent filing year (2014), Meharry Housing Corporation Dba Herman Street Apartments reported a deficit of $441K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $1.1M in assets (debt-to-asset ratio: 161.7%), resulting in net assets of $-647,695.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $111K | $552K | $1.1M | $1.7M | — | View 990 |
| 2013 | $381K | $472K | $1.2M | $155K | — | View 990 |
| 2012 | $411K | $443K | $1.3M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $111K, expenses of $552K, and assets of $1.1M (revenue -70.9% year-over-year).
- 2013: Revenue of $381K, expenses of $472K, and assets of $1.2M (revenue -7.4% year-over-year).
- 2012: Revenue of $411K, expenses of $443K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meharry Housing Corporation Dba Herman Street Apartments:
Data Sources and Methodology
This transparency report for Meharry Housing Corporation Dba Herman Street Apartments 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.