Milligan Housing For The Elderly And Handicapped Of Bristol Inc
EIN: 261611830 · Johnson City, TN · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $83K |
| Total Expenses | $139K |
| Net Assets | $-529,639 |
Is Milligan Housing For The Elderly And Handicapped Of Bristol Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Milligan Housing For The Elderly And Handicapped Of Bristol Inc
Milligan Housing For The Elderly And Handicapped Of Bristol Inc (EIN: 261611830) is a nonprofit organization based in Johnson City, TN, classified under NTEE code L22. The organization reported total revenue of $83K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milligan Housing For The Elderly And Handicapped Of Bristol Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milligan Housing For The Elderly And Handicapped Of Bristol Inc is a micro nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $139K |
| Surplus / Deficit | $-62,825 |
| Total Assets | $1.3M |
| Total Liabilities | $1.8M |
| Net Assets | $-529,639 |
| Operating Margin | -82.8% |
| Debt-to-Asset Ratio | 140.3% |
| Months of Reserves | 113.7 months |
Financial Health Grade: C
In 2022, Milligan Housing For The Elderly And Handicapped Of Bristol Inc reported a deficit of $63K with expenses exceeding revenue, holds 113.7 months of operating reserves (strong position), has a debt-to-asset ratio of 140.3% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Milligan Housing For The Elderly And Handicapped Of Bristol Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -5.2% | -2.5% | -4.9% |
| 2021 | -1.6% | +9.3% | -4.6% |
| 2020 | +1.1% | +0.4% | -3.6% |
| 2019 | -0.1% | +0.4% | -3.9% |
| 2018 | -0.9% | +0.2% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Milligan Housing For The Elderly And Handicapped Of Bristol Inc 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 Milligan Housing For The Elderly And Handicapped Of Bristol Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $63K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.3%.
Frequently Asked Questions about Milligan Housing For The Elderly And Handicapped Of Bristol Inc
Is Milligan Housing For The Elderly And Handicapped Of Bristol Inc a legitimate charity?
Milligan Housing For The Elderly And Handicapped Of Bristol Inc (EIN: 261611830) is a registered tax-exempt nonprofit based in Tennessee. It has 12 years of IRS 990 filings on record. Total revenue: $83K. No red flags identified. Financial health grade: C.
How does Milligan Housing For The Elderly And Handicapped Of Bristol Inc spend its money?
Milligan Housing For The Elderly And Handicapped Of Bristol Inc reported $83K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Milligan Housing For The Elderly And Handicapped Of Bristol Inc tax-deductible?
Milligan Housing For The Elderly And Handicapped Of Bristol Inc is registered as a tax-exempt nonprofit (EIN: 261611830). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Milligan Housing For The Elderly And Handicapped Of Bristol Inc located?
Milligan Housing For The Elderly And Handicapped Of Bristol Inc is headquartered in Johnson City, Tennessee and files with the IRS under EIN 261611830. It is classified under NTEE code L22.
How many years of IRS 990 filings does Milligan Housing For The Elderly And Handicapped Of Bristol Inc have?
Milligan Housing For The Elderly And Handicapped Of Bristol Inc has 12 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 $83K in total revenue.
Filing History
IRS 990 filing history for Milligan Housing For The Elderly And Handicapped Of Bristol Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Milligan Housing For The Elderly And Handicapped Of Bristol Inc's revenue has declined by 5%, moving from $80K to $76K. Total assets decreased by 33.9% over the same period, from $2.0M to $1.3M. Total functional expenses rose by 18%, from $117K to $139K. In its most recent filing year (2022), Milligan Housing For The Elderly And Handicapped Of Bristol Inc reported a deficit of $63K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $1.3M in assets (debt-to-asset ratio: 140.3%), resulting in net assets of $-529,639.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $76K | $139K | $1.3M | $1.8M | — | — |
| 2021 | $80K | $142K | $1.4M | $1.8M | — | — |
| 2020 | $81K | $130K | $1.4M | $1.9M | — | — |
| 2019 | $80K | $130K | $1.5M | $1.9M | — | View 990 |
| 2018 | $80K | $129K | $1.6M | $1.9M | — | View 990 |
| 2017 | $81K | $129K | $1.6M | $1.9M | — | View 990 |
| 2016 | $81K | $128K | $1.7M | $1.9M | — | View 990 |
| 2015 | $82K | $129K | $1.8M | $2.0M | — | View 990 |
| 2014 | $85K | $126K | $1.9M | $2.0M | — | View 990 |
| 2013 | $84K | $126K | $1.9M | $2.0M | — | View 990 |
| 2012 | $80K | $119K | $1.9M | $2.0M | — | View 990 |
| 2011 | $80K | $117K | $2.0M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $76K, expenses of $139K, and assets of $1.3M (revenue -5.2% year-over-year).
- 2021: Revenue of $80K, expenses of $142K, and assets of $1.4M (revenue -1.6% year-over-year).
- 2020: Revenue of $81K, expenses of $130K, and assets of $1.4M (revenue +1.1% year-over-year).
- 2019: Revenue of $80K, expenses of $130K, and assets of $1.5M (revenue -0.1% year-over-year).
- 2018: Revenue of $80K, expenses of $129K, and assets of $1.6M (revenue -0.9% year-over-year).
- 2017: Revenue of $81K, expenses of $129K, and assets of $1.6M (revenue -0.4% year-over-year).
- 2016: Revenue of $81K, expenses of $128K, and assets of $1.7M (revenue -0.7% year-over-year).
- 2015: Revenue of $82K, expenses of $129K, and assets of $1.8M (revenue -3.0% year-over-year).
- 2014: Revenue of $85K, expenses of $126K, and assets of $1.9M (revenue +1.0% year-over-year).
- 2013: Revenue of $84K, expenses of $126K, and assets of $1.9M (revenue +4.6% year-over-year).
- 2012: Revenue of $80K, expenses of $119K, and assets of $1.9M (revenue +0.3% year-over-year).
- 2011: Revenue of $80K, expenses of $117K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milligan Housing For The Elderly And Handicapped Of Bristol Inc:
Data Sources and Methodology
This transparency report for Milligan Housing For The Elderly And Handicapped Of Bristol 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.