Newport Millennium Housing Corporation Iv
EIN: 311762425 · Newport, KY · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $114K |
| Net Assets | $1.1M |
Is Newport Millennium Housing Corporation Iv Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newport Millennium Housing Corporation Iv
Newport Millennium Housing Corporation Iv (EIN: 311762425) is a nonprofit organization based in Newport, KY, classified under NTEE code L21. The organization reported total revenue of $126K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newport Millennium Housing Corporation Iv's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newport Millennium Housing Corporation Iv is a small nonprofit that has been operating for 25 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $114K |
| Surplus / Deficit | $-45,182 |
| Total Assets | $1.1M |
| Total Liabilities | $5K |
| Net Assets | $1.1M |
| Operating Margin | -65.3% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 112.7 months |
Financial Health Grade: B
In 2023, Newport Millennium Housing Corporation Iv reported a deficit of $45K with expenses exceeding revenue, holds 112.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Newport Millennium Housing Corporation Iv's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +54.6% | -4.0% |
| 2022 | -3.8% | -56.7% | -0.5% |
| 2021 | +4.1% | +83.3% | -8.1% |
| 2020 | +0.1% | +35.1% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newport Millennium Housing Corporation Iv 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 Newport Millennium Housing Corporation Iv 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 $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Newport Millennium Housing Corporation Iv
Is Newport Millennium Housing Corporation Iv a legitimate charity?
Based on AI analysis of IRS 990 filings, Newport Millennium Housing Corporation Iv (EIN: 311762425) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newport Millennium Housing Corporation Iv spend its money?
Detailed spending breakdown data is not yet available for Newport Millennium Housing Corporation Iv. Check back for updated IRS 990 analysis.
Are donations to Newport Millennium Housing Corporation Iv tax-deductible?
Newport Millennium Housing Corporation Iv is registered as a tax-exempt nonprofit (EIN: 311762425). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newport Millennium Housing Corporation Iv located?
Newport Millennium Housing Corporation Iv is headquartered in Newport, Kentucky and files with the IRS under EIN 311762425. It is classified under NTEE code L21.
How many years of IRS 990 filings does Newport Millennium Housing Corporation Iv have?
Newport Millennium Housing Corporation Iv has 5 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 $126K in total revenue.
Filing History
IRS 990 filing history for Newport Millennium Housing Corporation Iv showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Newport Millennium Housing Corporation Iv's revenue has grown by 1%, moving from $69K to $69K. Total assets decreased by 13.9% over the same period, from $1.2M to $1.1M. Total functional expenses rose by 65.7%, from $69K to $114K. In its most recent filing year (2023), Newport Millennium Housing Corporation Iv reported a deficit of $45K, with expenses exceeding revenue. The organization holds $5K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $114K | $1.1M | $5K | — | — |
| 2022 | $69K | $74K | $1.1M | $4K | — | View 990 |
| 2021 | $71K | $171K | $1.1M | $4K | — | View 990 |
| 2020 | $69K | $93K | $1.2M | $4K | — | — |
| 2019 | $69K | $69K | $1.2M | $3K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $114K, and assets of $1.1M (revenue +0.7% year-over-year).
- 2022: Revenue of $69K, expenses of $74K, and assets of $1.1M (revenue -3.8% year-over-year).
- 2021: Revenue of $71K, expenses of $171K, and assets of $1.1M (revenue +4.1% year-over-year).
- 2020: Revenue of $69K, expenses of $93K, and assets of $1.2M (revenue +0.1% year-over-year).
- 2019: Revenue of $69K, expenses of $69K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newport Millennium Housing Corporation Iv:
Data Sources and Methodology
This transparency report for Newport Millennium Housing Corporation Iv 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.