Old Middleton Road Apartments Inc
Old Middleton Road Apartments Inc. consistently operates at a deficit with declining assets, but reports no officer compensation.
EIN: 201427325 · Madison, WI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $114K |
| Program Spending | 90% |
| Net Assets | $418K |
| Transparency Score | 75/100 |
Is Old Middleton Road Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Middleton Road Apartments Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Middleton Road Apartments Inc
Old Middleton Road Apartments Inc (EIN: 201427325) is a nonprofit organization based in Madison, WI. The organization reported total revenue of $96K and total assets of $765K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Middleton Road Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Middleton Road Apartments Inc is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $114K |
| Surplus / Deficit | $-24,865 |
| Total Assets | $783K |
| Total Liabilities | $366K |
| Net Assets | $418K |
| Operating Margin | -28.0% |
| Debt-to-Asset Ratio | 46.7% |
| Months of Reserves | 82.7 months |
Financial Health Grade: B
In 2023, Old Middleton Road Apartments Inc reported a deficit of $25K with expenses exceeding revenue, holds 82.7 months of operating reserves (strong position), has a debt-to-asset ratio of 46.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Old Middleton Road Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +8.2% | -2.1% |
| 2022 | +4.5% | +11.5% | -1.8% |
| 2021 | +5.3% | +5.4% | -2.2% |
| 2020 | +5.9% | -3.2% | +1.2% |
| 2019 | +10.9% | +2.0% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Old Middleton Road 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, Old Middleton Road 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 46.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit 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 Old Middleton Road Apartments Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceed revenue in all reported periods)
- Gradual decline in total assets over the past decade
Strengths
The following positive indicators were identified for Old Middleton Road Apartments Inc:
- Zero reported officer compensation, indicating highly efficient administrative costs
- Consistent financial reporting over 13 periods, demonstrating transparency
- Stable asset base, despite gradual decline, suggesting long-term operational capacity
Frequently Asked Questions about Old Middleton Road Apartments Inc
Is Old Middleton Road Apartments Inc a legitimate charity?
Old Middleton Road Apartments Inc (EIN: 201427325) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $96K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Old Middleton Road Apartments Inc spend its money?
Old Middleton Road Apartments Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Old Middleton Road Apartments Inc tax-deductible?
Old Middleton Road Apartments Inc is registered as a tax-exempt nonprofit (EIN: 201427325). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Old Middleton Road Apartments Inc located?
Old Middleton Road Apartments Inc is headquartered in Madison, Wisconsin and files with the IRS under EIN 201427325.
How many years of IRS 990 filings does Old Middleton Road Apartments Inc have?
Old Middleton Road Apartments Inc 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 $96K in total revenue.
How does Old Middleton Road Apartments Inc. cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue (e.g., $113,690 expenses vs. $88,825 revenue in 2023). This suggests they are either drawing down on reserves, receiving non-revenue contributions not reflected in the 'revenue' line, or have a funding model that anticipates these deficits, potentially through grants or capital contributions not categorized as revenue in these summaries.
What is the specific nature of the organization's program services?
Given the name 'Old Middleton Road Apartments Inc.' and the asset structure, it is highly probable the organization provides affordable housing or manages residential properties for charitable purposes. However, without the NTEE code or program service accomplishments from the full 990, the exact nature is not explicitly stated in the provided data.
Why have the organization's assets been steadily declining?
Assets have decreased from $906,856 in 2014 to $783,136 in 2023. This decline is consistent with the organization's pattern of operating at a deficit, where expenses regularly exceed revenues, likely requiring the use of existing assets or reserves to cover the shortfall.
Filing History
IRS 990 filing history for Old Middleton Road Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Middleton Road Apartments Inc's revenue has grown by 103.3%, moving from $44K to $89K. Total assets decreased by 19.3% over the same period, from $971K to $783K. Total functional expenses rose by 70.9%, from $67K to $114K. In its most recent filing year (2023), Old Middleton Road Apartments Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $366K in liabilities against $783K in assets (debt-to-asset ratio: 46.7%), resulting in net assets of $418K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $114K | $783K | $366K | — | — |
| 2022 | $81K | $105K | $800K | $358K | — | View 990 |
| 2021 | $78K | $94K | $815K | $348K | — | View 990 |
| 2020 | $74K | $89K | $833K | $351K | — | — |
| 2019 | $70K | $92K | $823K | $326K | — | View 990 |
| 2018 | $63K | $91K | $841K | $321K | — | View 990 |
| 2017 | $66K | $73K | $863K | $1.0M | — | View 990 |
| 2016 | $53K | $72K | $877K | $1.1M | — | View 990 |
| 2015 | $46K | $76K | $897K | $1.1M | — | View 990 |
| 2014 | $43K | $74K | $907K | $1.0M | — | View 990 |
| 2013 | $47K | $72K | $926K | $1.0M | — | View 990 |
| 2012 | $43K | $66K | $950K | $1.0M | — | View 990 |
| 2011 | $44K | $67K | $971K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $114K, and assets of $783K (revenue +9.1% year-over-year).
- 2022: Revenue of $81K, expenses of $105K, and assets of $800K (revenue +4.5% year-over-year).
- 2021: Revenue of $78K, expenses of $94K, and assets of $815K (revenue +5.3% year-over-year).
- 2020: Revenue of $74K, expenses of $89K, and assets of $833K (revenue +5.9% year-over-year).
- 2019: Revenue of $70K, expenses of $92K, and assets of $823K (revenue +10.9% year-over-year).
- 2018: Revenue of $63K, expenses of $91K, and assets of $841K (revenue -4.5% year-over-year).
- 2017: Revenue of $66K, expenses of $73K, and assets of $863K (revenue +25.0% year-over-year).
- 2016: Revenue of $53K, expenses of $72K, and assets of $877K (revenue +14.8% year-over-year).
- 2015: Revenue of $46K, expenses of $76K, and assets of $897K (revenue +6.7% year-over-year).
- 2014: Revenue of $43K, expenses of $74K, and assets of $907K (revenue -7.4% year-over-year).
- 2013: Revenue of $47K, expenses of $72K, and assets of $926K (revenue +8.4% year-over-year).
- 2012: Revenue of $43K, expenses of $66K, and assets of $950K (revenue -1.7% year-over-year).
- 2011: Revenue of $44K, expenses of $67K, and assets of $971K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Middleton Road Apartments Inc:
Data Sources and Methodology
This transparency report for Old Middleton Road 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.