Mers Real Estate Corporation
Mers Real Estate Corporation faces severe financial instability with persistent operating deficits and liabilities exceeding assets.
EIN: 202568487 · Lansing, MI · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $397K |
| Total Expenses | $424K |
| Program Spending | 70% |
| Net Assets | $-1,065,163 |
| Transparency Score | 30/100 |
Is Mers Real Estate Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mers Real Estate Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mers Real Estate Corporation
Mers Real Estate Corporation (EIN: 202568487) is a nonprofit organization based in Lansing, MI, classified under NTEE code S47. The organization reported total revenue of $397K and total assets of $7.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mers Real Estate Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mers Real Estate Corporation is a small nonprofit that has been operating for 11 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $213K |
| Total Expenses | $424K |
| Surplus / Deficit | $-211,508 |
| Total Assets | $8.4M |
| Total Liabilities | $9.4M |
| Net Assets | $-1,065,163 |
| Operating Margin | -99.3% |
| Debt-to-Asset Ratio | 112.7% |
| Months of Reserves | 236.2 months |
Financial Health Grade: C
In 2023, Mers Real Estate Corporation reported a deficit of $212K with expenses exceeding revenue, holds 236.2 months of operating reserves (strong position), has a debt-to-asset ratio of 112.7% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Mers Real Estate Corporation's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +7.7% | -2.8% |
| 2022 | -8.2% | +11.5% | -4.1% |
| 2021 | -10.9% | +14.0% | +7.6% |
| 2020 | +17.0% | -2.9% | -0.3% |
| 2019 | +105.6% | +4.8% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Mers Real Estate Corporation with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mers Real Estate Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $212K, with expenses exceeding revenue.
- Debt-to-asset ratio: 112.7%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is a positive sign of fiscal restraint in this area.
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 Mers Real Estate Corporation's IRS 990 filings:
- Persistent operating deficits across all seven filing periods (e.g., $212,920 revenue vs. $424,428 expenses in 2023).
- Liabilities ($9,420,656 in 2023) significantly exceed total assets ($8,355,493 in 2023), indicating insolvency.
- Dramatic increase in liabilities from $881,013 in 2021 to over $9.4 million in 2023.
- Declining asset base in recent years, from $8,963,518 in 2021 to $8,355,493 in 2023.
Strengths
The following positive indicators were identified for Mers Real Estate Corporation:
- No officer compensation reported across all filings, indicating responsible management of executive pay.
Frequently Asked Questions about Mers Real Estate Corporation
Is Mers Real Estate Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mers Real Estate Corporation (EIN: 202568487) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
How does Mers Real Estate Corporation spend its money?
Mers Real Estate Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mers Real Estate Corporation tax-deductible?
Mers Real Estate Corporation is registered as a tax-exempt nonprofit (EIN: 202568487). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mers Real Estate Corporation's spending goes to programs?
Mers Real Estate Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mers Real Estate Corporation compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Mers Real Estate Corporation is below average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mers Real Estate Corporation located?
Mers Real Estate Corporation is headquartered in Lansing, Michigan and files with the IRS under EIN 202568487. It is classified under NTEE code S47.
How many years of IRS 990 filings does Mers Real Estate Corporation have?
Mers Real Estate Corporation has 7 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 $397K in total revenue.
Is Mers Real Estate Corporation financially sustainable?
Based on the consistent operating deficits (e.g., $212,920 revenue vs. $424,428 expenses in 2023) and liabilities ($9,420,656 in 2023) now exceeding assets ($8,355,493 in 2023), the organization's financial sustainability is highly questionable.
What caused the dramatic increase in liabilities from 2021 to 2023?
Liabilities surged from $881,013 in 2021 to $9,420,656 in 2023. The 990 summary data does not specify the nature of these liabilities, but such a rapid increase is a significant concern and warrants further investigation into the organization's debt structure.
How does Mers Real Estate Corporation cover its operating deficits?
With expenses consistently exceeding revenue (e.g., $393,987 expenses vs. $169,523 revenue in 2022), the organization must be covering these deficits by either drawing down assets or incurring new liabilities, as evidenced by the declining assets and increasing liabilities.
Filing History
IRS 990 filing history for Mers Real Estate Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Mers Real Estate Corporation's revenue has grown by 109.8%, moving from $101K to $213K. Total assets decreased by 4.1% over the same period, from $8.7M to $8.4M. Total functional expenses rose by 9.8%, from $386K to $424K. In its most recent filing year (2023), Mers Real Estate Corporation reported a deficit of $212K, with expenses exceeding revenue. The organization holds $9.4M in liabilities against $8.4M in assets (debt-to-asset ratio: 112.7%), resulting in net assets of $-1,065,163.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $213K | $424K | $8.4M | $9.4M | — | View 990 |
| 2022 | $170K | $394K | $8.6M | $9.4M | — | View 990 |
| 2021 | $185K | $354K | $9.0M | $881K | — | View 990 |
| 2020 | $207K | $310K | $8.3M | $78K | — | — |
| 2019 | $177K | $319K | $8.4M | $0 | — | View 990 |
| 2018 | $86K | $305K | $8.8M | $319K | — | View 990 |
| 2017 | $101K | $386K | $8.7M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $213K, expenses of $424K, and assets of $8.4M (revenue +25.6% year-over-year).
- 2022: Revenue of $170K, expenses of $394K, and assets of $8.6M (revenue -8.2% year-over-year).
- 2021: Revenue of $185K, expenses of $354K, and assets of $9.0M (revenue -10.9% year-over-year).
- 2020: Revenue of $207K, expenses of $310K, and assets of $8.3M (revenue +17.0% year-over-year).
- 2019: Revenue of $177K, expenses of $319K, and assets of $8.4M (revenue +105.6% year-over-year).
- 2018: Revenue of $86K, expenses of $305K, and assets of $8.8M (revenue -15.2% year-over-year).
- 2017: Revenue of $101K, expenses of $386K, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mers Real Estate Corporation:
Data Sources and Methodology
This transparency report for Mers Real Estate Corporation 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.