Our Lady Of Mercy Apartment Inc
Our Lady Of Mercy Apartment Inc consistently operates with low liabilities and no reported officer compensation, often incurring expenses exceeding revenue.
EIN: 201938118 · Abbeville, LA · NTEE: L21 · Updated: 2026-03-28
Is Our Lady Of Mercy Apartment Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our Lady Of Mercy Apartment Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our Lady Of Mercy Apartment Inc
Our Lady Of Mercy Apartment Inc (EIN: 201938118) is a nonprofit organization based in Abbeville, LA, classified under NTEE code L21. The organization reported total revenue of $170K and total assets of $766K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our Lady Of Mercy Apartment Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Our Lady Of Mercy Apartment Inc with a Mission Score of 85 out of 100 (Excellent). 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, Our Lady Of Mercy Apartment 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 officers are either uncompensated or compensated through non-officer channels, which is highly favorable for an organization of this size with annual revenues typically under $200,000.
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 Our Lady Of Mercy Apartment Inc's IRS 990 filings:
- Expenses frequently exceed revenue, potentially relying on reserves or other income sources to cover operational costs (e.g., 202406: $181,633 expenses vs. $156,752 revenue).
Strengths
The following positive indicators were identified for Our Lady Of Mercy Apartment Inc:
- Consistent 0% officer compensation across all filings, indicating strong dedication and efficient use of funds.
- Maintains a healthy asset base (e.g., $787,878 in 202406) relative to its operational size.
- Consistently low liabilities (e.g., $32,430 in 202406), demonstrating strong financial management and minimal debt.
- Long history of consistent IRS 990 filings (13 filings), indicating good transparency and compliance.
Frequently Asked Questions about Our Lady Of Mercy Apartment Inc
Is Our Lady Of Mercy Apartment Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Our Lady Of Mercy Apartment Inc (EIN: 201938118) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Our Lady Of Mercy Apartment Inc spend its money?
Our Lady Of Mercy Apartment Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Our Lady Of Mercy Apartment Inc tax-deductible?
Our Lady Of Mercy Apartment Inc is registered as a tax-exempt nonprofit (EIN: 201938118). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Our Lady Of Mercy Apartment Inc financially stable?
Yes, despite some years where expenses exceed revenue (e.g., 202406 with $181,633 expenses vs. $156,752 revenue), the organization maintains a strong asset base (e.g., $787,878 in 202406) and consistently low liabilities, indicating good long-term stability.
How does Our Lady Of Mercy Apartment Inc manage executive compensation?
The organization reports 0% officer compensation across all 13 available filings, suggesting a volunteer-led executive team or compensation structured in a way that is not reported as officer compensation on the 990, which is a positive sign for resource allocation.
What is the trend in the organization's assets and liabilities?
Assets have generally remained strong, fluctuating around $750,000 to $900,000 over the past decade. Liabilities have consistently been very low, typically under $50,000, indicating minimal debt and strong financial health.
Does Our Lady Of Mercy Apartment Inc spend efficiently?
While a detailed expense breakdown isn't provided, the 0% officer compensation is a strong indicator of efficient use of funds at the leadership level. Without specific program, administrative, and fundraising expense ratios, a full assessment is challenging, but the lack of executive pay is a positive sign.
Filing History
IRS 990 filing history for Our Lady Of Mercy Apartment Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Our Lady Of Mercy Apartment Inc's revenue has grown by 59.4%, moving from $98K to $157K. Total assets decreased by 18.7% over the same period, from $969K to $788K. Total functional expenses rose by 51.3%, from $120K to $182K. In its most recent filing year (2024), Our Lady Of Mercy Apartment Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $32K in liabilities against $788K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $755K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $157K | $182K | $788K | $32K | — | — |
| 2023 | $167K | $163K | $829K | $48K | — | View 990 |
| 2022 | $124K | $154K | $794K | $18K | — | View 990 |
| 2021 | $144K | $139K | $820K | $14K | — | View 990 |
| 2020 | $108K | $125K | $815K | $14K | — | View 990 |
| 2019 | $101K | $116K | $835K | $17K | — | View 990 |
| 2018 | $106K | $125K | $843K | $10K | — | View 990 |
| 2017 | $104K | $126K | $862K | $10K | — | View 990 |
| 2016 | $109K | $132K | $886K | $13K | — | View 990 |
| 2015 | $107K | $116K | $908K | $12K | — | View 990 |
| 2014 | $87K | $112K | $919K | $15K | — | View 990 |
| 2013 | $88K | $116K | $945K | $15K | — | View 990 |
| 2012 | $98K | $120K | $969K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $157K, expenses of $182K, and assets of $788K (revenue -6.1% year-over-year).
- 2023: Revenue of $167K, expenses of $163K, and assets of $829K (revenue +34.8% year-over-year).
- 2022: Revenue of $124K, expenses of $154K, and assets of $794K (revenue -14.1% year-over-year).
- 2021: Revenue of $144K, expenses of $139K, and assets of $820K (revenue +33.5% year-over-year).
- 2020: Revenue of $108K, expenses of $125K, and assets of $815K (revenue +6.5% year-over-year).
- 2019: Revenue of $101K, expenses of $116K, and assets of $835K (revenue -4.6% year-over-year).
- 2018: Revenue of $106K, expenses of $125K, and assets of $843K (revenue +2.0% year-over-year).
- 2017: Revenue of $104K, expenses of $126K, and assets of $862K (revenue -4.8% year-over-year).
- 2016: Revenue of $109K, expenses of $132K, and assets of $886K (revenue +2.6% year-over-year).
- 2015: Revenue of $107K, expenses of $116K, and assets of $908K (revenue +22.5% year-over-year).
- 2014: Revenue of $87K, expenses of $112K, and assets of $919K (revenue -1.4% year-over-year).
- 2013: Revenue of $88K, expenses of $116K, and assets of $945K (revenue -10.1% year-over-year).
- 2012: Revenue of $98K, expenses of $120K, and assets of $969K.
Data Sources and Methodology
This transparency report for Our Lady Of Mercy Apartment 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.