Morehouse Senior Apartments Inc

Morehouse Senior Apartments Inc. consistently operates at a deficit, drawing down assets while maintaining no officer compensation.

EIN: 10869176 · Bastrop, LA · NTEE: L22 · Updated: 2026-03-28

$84KRevenue

$630KAssets

75/100Mission Score (Good)

L22

About Morehouse Senior Apartments Inc

Morehouse Senior Apartments Inc (EIN: 10869176) is a nonprofit organization based in Bastrop, LA, classified under NTEE code L22. The organization reported total revenue of $84K and total assets of $630K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morehouse Senior Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Morehouse Senior Apartments Inc. appears to be a small, stable organization focused on providing senior housing, as indicated by its NTEE code L22. The organization consistently operates with expenses exceeding revenue, leading to a gradual decline in assets over the past several years. For example, in fiscal year 2024, revenue was $85,999 while expenses were $126,278, resulting in a deficit. This trend is consistent across all reported periods, suggesting a reliance on existing assets or other non-revenue funding sources to cover operational costs.

Despite the consistent operating deficits, the organization maintains a relatively low level of liabilities compared to its assets, though liabilities have been consistently high, often exceeding assets. For instance, in 2024, assets were $654,216 against liabilities of $1,047,244. The absence of reported officer compensation across all filings indicates a commitment to minimizing administrative overhead, which is a positive sign for spending efficiency. However, the continuous decline in assets due to operating deficits raises questions about long-term financial sustainability if current trends persist.

The organization's transparency is generally good, with consistent annual filings. The lack of officer compensation is a strong indicator of efficient use of funds at the executive level. However, a deeper understanding of how the organization covers its consistent operating deficits and its long-term strategy for financial stability would enhance the transparency report.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Morehouse Senior Apartments Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Morehouse Senior Apartments Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly efficient for an organization of its size.

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 Morehouse Senior Apartments Inc's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue) across all reported periods, e.g., $85,999 revenue vs. $126,278 expenses in 2024.
Declining asset base over time, from $887,328 in 2015 to $654,216 in 2024.
Liabilities consistently exceed assets, indicating a potentially leveraged financial position (e.g., $654,216 assets vs. $1,047,244 liabilities in 2024).

Strengths

The following positive indicators were identified for Morehouse Senior Apartments Inc:

Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
Consistent filing history demonstrates transparency and compliance.
Clear focus on its mission (senior apartments) with likely high program spending due to minimal administrative overhead.

Frequently Asked Questions about Morehouse Senior Apartments Inc

Is Morehouse Senior Apartments Inc. financially sustainable given its consistent operating deficits?

The organization has consistently reported expenses exceeding revenue, leading to a decline in assets from $887,328 in 2015 to $654,216 in 2024. While it has maintained operations, this trend raises concerns about long-term financial sustainability without a change in revenue or expense structure.

How does Morehouse Senior Apartments Inc. cover its annual operating deficits?

The consistent deficits suggest the organization is either drawing down its existing assets or relying on other unreported funding mechanisms, such as grants or loans not reflected in the primary revenue figures, to cover the gap between expenses and revenue.

What is the organization's strategy to address the declining asset base?

The filings do not explicitly state a strategy to address the declining asset base. This would be a critical area for the organization to clarify to ensure its long-term viability and ability to continue its mission.

Filing History

IRS 990 filing history for Morehouse Senior Apartments Inc showing financial trends over 15 years of public records:

Over 15 years of IRS 990 filings (2010–2024), Morehouse Senior Apartments Inc's revenue has grown by 54.5%, moving from $56K to $86K. Total assets decreased by 36.4% over the same period, from $1.0M to $654K. Total functional expenses rose by 52.1%, from $83K to $126K. In its most recent filing year (2024), Morehouse Senior Apartments Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $654K in assets (debt-to-asset ratio: 160.1%), resulting in net assets of $-393,028.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$86K	$126K	$654K	$1.0M	—	—
2023	$82K	$106K	$679K	$1.0M	—	View 990
2022	$87K	$135K	$716K	$1.0M	—	View 990
2021	$76K	$110K	$746K	$1.0M	—	—
2020	$88K	$114K	$783K	$1.0M	—	View 990
2019	$93K	$108K	$808K	$1.0M	—	View 990
2018	$89K	$114K	$826K	$1.0M	—	View 990
2017	$86K	$107K	$847K	$1.0M	—	View 990
2016	$80K	$105K	$871K	$1.0M	—	View 990
2015	$86K	$110K	$887K	$1.0M	—	View 990
2014	$87K	$110K	$909K	$1.0M	—	View 990
2013	$87K	$109K	$935K	$1.0M	—	View 990
2012	$64K	$96K	$955K	$1.0M	—	View 990
2011	$60K	$87K	$989K	$1.0M	—	View 990
2010	$56K	$83K	$1.0M	$1.0M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $86K, expenses of $126K, and assets of $654K (revenue +4.5% year-over-year).
2023: Revenue of $82K, expenses of $106K, and assets of $679K (revenue -5.8% year-over-year).
2022: Revenue of $87K, expenses of $135K, and assets of $716K (revenue +14.8% year-over-year).
2021: Revenue of $76K, expenses of $110K, and assets of $746K (revenue -14.0% year-over-year).
2020: Revenue of $88K, expenses of $114K, and assets of $783K (revenue -4.4% year-over-year).
2019: Revenue of $93K, expenses of $108K, and assets of $808K (revenue +3.4% year-over-year).
2018: Revenue of $89K, expenses of $114K, and assets of $826K (revenue +3.7% year-over-year).
2017: Revenue of $86K, expenses of $107K, and assets of $847K (revenue +7.3% year-over-year).
2016: Revenue of $80K, expenses of $105K, and assets of $871K (revenue -6.2% year-over-year).
2015: Revenue of $86K, expenses of $110K, and assets of $887K (revenue -1.0% year-over-year).
2014: Revenue of $87K, expenses of $110K, and assets of $909K (revenue -0.3% year-over-year).
2013: Revenue of $87K, expenses of $109K, and assets of $935K (revenue +36.3% year-over-year).
2012: Revenue of $64K, expenses of $96K, and assets of $955K (revenue +5.9% year-over-year).
2011: Revenue of $60K, expenses of $87K, and assets of $989K (revenue +8.1% year-over-year).
2010: Revenue of $56K, expenses of $83K, and assets of $1.0M.

Data Sources and Methodology

This transparency report for Morehouse Senior Apartments 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.