Metro Apartments Incorporated
EIN: 411692875 · Saint Paul, MN · NTEE: P80Z
| Metric | Value |
|---|---|
| Total Revenue | $198K |
| Total Expenses | $347K |
| Net Assets | $332K |
Is Metro Apartments Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Metro Apartments Incorporated
Metro Apartments Incorporated (EIN: 411692875) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code P80Z. The organization reported total revenue of $198K and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metro Apartments Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metro Apartments Incorporated is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $347K |
| Surplus / Deficit | $-136,909 |
| Total Assets | $625K |
| Total Liabilities | $294K |
| Net Assets | $332K |
| Operating Margin | -65.2% |
| Debt-to-Asset Ratio | 47.0% |
| Months of Reserves | 21.6 months |
Financial Health Grade: B
In 2023, Metro Apartments Incorporated reported a deficit of $137K with expenses exceeding revenue, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 47.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Metro Apartments Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.4% | +24.8% | -10.9% |
| 2022 | +15.5% | -7.2% | -2.0% |
| 2021 | -9.4% | +46.5% | -8.8% |
| 2020 | -0.7% | -18.8% | -0.1% |
| 2019 | +2.5% | +31.2% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Metro Apartments Incorporated 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 Metro Apartments Incorporated 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 $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.0%.
Frequently Asked Questions about Metro Apartments Incorporated
Is Metro Apartments Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Metro Apartments Incorporated (EIN: 411692875) insufficient data. 0 red flags identified, 0 strengths noted.
How does Metro Apartments Incorporated spend its money?
Detailed spending breakdown data is not yet available for Metro Apartments Incorporated. Check back for updated IRS 990 analysis.
Are donations to Metro Apartments Incorporated tax-deductible?
Metro Apartments Incorporated is registered as a tax-exempt nonprofit (EIN: 411692875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Metro Apartments Incorporated located?
Metro Apartments Incorporated is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 411692875. It is classified under NTEE code P80Z.
How many years of IRS 990 filings does Metro Apartments Incorporated have?
Metro Apartments Incorporated has 13 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 $198K in total revenue.
Filing History
IRS 990 filing history for Metro Apartments Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Metro Apartments Incorporated's revenue has grown by 32.9%, moving from $158K to $210K. Total assets decreased by 39.5% over the same period, from $1.0M to $625K. Total functional expenses rose by 73.1%, from $200K to $347K. In its most recent filing year (2023), Metro Apartments Incorporated reported a deficit of $137K, with expenses exceeding revenue. The organization holds $294K in liabilities against $625K in assets (debt-to-asset ratio: 47.0%), resulting in net assets of $332K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $347K | $625K | $294K | — | View 990 |
| 2022 | $187K | $278K | $701K | $233K | — | View 990 |
| 2021 | $162K | $300K | $716K | $156K | — | View 990 |
| 2020 | $178K | $204K | $785K | $88K | — | View 990 |
| 2019 | $180K | $252K | $785K | $62K | — | View 990 |
| 2018 | $175K | $192K | $832K | $36K | — | View 990 |
| 2017 | $177K | $187K | $835K | $22K | — | View 990 |
| 2016 | $178K | $205K | $861K | $38K | — | View 990 |
| 2015 | $164K | $208K | $891K | $42K | — | View 990 |
| 2014 | $158K | $204K | $923K | $30K | — | View 990 |
| 2013 | $161K | $201K | $953K | $14K | — | View 990 |
| 2012 | $167K | $207K | $1.0M | $28K | — | View 990 |
| 2011 | $158K | $200K | $1.0M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $347K, and assets of $625K (revenue +12.4% year-over-year).
- 2022: Revenue of $187K, expenses of $278K, and assets of $701K (revenue +15.5% year-over-year).
- 2021: Revenue of $162K, expenses of $300K, and assets of $716K (revenue -9.4% year-over-year).
- 2020: Revenue of $178K, expenses of $204K, and assets of $785K (revenue -0.7% year-over-year).
- 2019: Revenue of $180K, expenses of $252K, and assets of $785K (revenue +2.5% year-over-year).
- 2018: Revenue of $175K, expenses of $192K, and assets of $832K (revenue -1.3% year-over-year).
- 2017: Revenue of $177K, expenses of $187K, and assets of $835K (revenue -0.1% year-over-year).
- 2016: Revenue of $178K, expenses of $205K, and assets of $861K (revenue +8.3% year-over-year).
- 2015: Revenue of $164K, expenses of $208K, and assets of $891K (revenue +3.8% year-over-year).
- 2014: Revenue of $158K, expenses of $204K, and assets of $923K (revenue -1.6% year-over-year).
- 2013: Revenue of $161K, expenses of $201K, and assets of $953K (revenue -3.6% year-over-year).
- 2012: Revenue of $167K, expenses of $207K, and assets of $1.0M (revenue +5.5% year-over-year).
- 2011: Revenue of $158K, expenses of $200K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metro Apartments Incorporated:
Data Sources and Methodology
This transparency report for Metro Apartments Incorporated 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.