Palms And Woodbine Fl Inc
Palms And Woodbine Fl Inc reports $0 in latest revenue and assets, indicating inactivity.
EIN: 208734059 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $6.1M |
| Net Assets | $30.9M |
| Transparency Score | 10/100 |
Is Palms And Woodbine Fl Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Palms And Woodbine Fl Inc
Palms And Woodbine Fl Inc (EIN: 208734059) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palms And Woodbine Fl Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palms And Woodbine Fl Inc is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $6.1M |
| Surplus / Deficit | +$140K |
| Total Assets | $67.2M |
| Total Liabilities | $36.4M |
| Net Assets | $30.9M |
| Operating Margin | 2.2% |
| Debt-to-Asset Ratio | 54.1% |
| Months of Reserves | 132.7 months |
Financial Health Grade: A
In 2015, Palms And Woodbine Fl Inc reported a surplus of $140K with revenue exceeding expenses, holds 132.7 months of operating reserves (strong position), has a debt-to-asset ratio of 54.1% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), Palms And Woodbine Fl Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +5.0% | -0.2% | +4.0% |
| 2014 | +3.4% | +4.2% | +6.0% |
| 2013 | +157.5% | -31.1% | +4.1% |
| 2012 | -78.4% | -18.0% | -41.6% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Palms And Woodbine Fl Inc with a Mission Score of 10 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.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Palms And Woodbine Fl Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $140K, with revenue exceeding expenses.
- Debt-to-asset ratio: 54.1%.
Executive Compensation Analysis
Historically, the organization reported 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or compensation was reported under other expense categories. Given the organization's current inactive status, executive compensation is not applicable.
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 Palms And Woodbine Fl Inc's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating potential inactivity or dissolution.
- Historical expenses frequently exceeded revenue, such as in 2012 ($8.4M expenses vs $2.2M revenue) and 2014 ($6.0M expenses vs $5.9M revenue), suggesting potential operational deficits.
Strengths
The following positive indicators were identified for Palms And Woodbine Fl Inc:
- Historically managed significant asset bases, reaching over $100 million in 2011.
- Reported 0% officer compensation in all available historical filings, suggesting a commitment to minimizing executive overhead.
Frequently Asked Questions about Palms And Woodbine Fl Inc
Is Palms And Woodbine Fl Inc a legitimate charity?
Palms And Woodbine Fl Inc (EIN: 208734059) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 10/100. It has 5 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Palms And Woodbine Fl Inc spend its money?
Palms And Woodbine Fl Inc reported its financials in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Palms And Woodbine Fl Inc tax-deductible?
Palms And Woodbine Fl Inc is registered as a tax-exempt nonprofit (EIN: 208734059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Palms And Woodbine Fl Inc located?
Palms And Woodbine Fl Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 208734059.
How many years of IRS 990 filings does Palms And Woodbine Fl Inc have?
Palms And Woodbine Fl Inc 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.
Is Palms And Woodbine Fl Inc still operational?
Based on the latest IRS 990 data showing $0 in revenue and assets, it appears Palms And Woodbine Fl Inc is no longer operational or is currently inactive.
What was the historical financial trend of Palms And Woodbine Fl Inc?
Historically, Palms And Woodbine Fl Inc had significant financial activity, with revenues ranging from $2.2 million to $10.2 million and assets between $58 million and $100 million from 2011 to 2015. Expenses often closely matched or exceeded revenue during these periods.
Why is the NTEE code unknown?
The NTEE code being unknown could be due to the organization's inactive status, or it may not have been explicitly reported in the provided data for its historical filings.
Filing History
IRS 990 filing history for Palms And Woodbine Fl Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Palms And Woodbine Fl Inc's revenue has declined by 39.5%, moving from $10.3M to $6.2M. Total assets decreased by 32.9% over the same period, from $100.2M to $67.2M. Total functional expenses fell by 41.3%, from $10.4M to $6.1M. In its most recent filing year (2015), Palms And Woodbine Fl Inc reported a surplus of $140K, with revenue exceeding expenses. The organization holds $36.4M in liabilities against $67.2M in assets (debt-to-asset ratio: 54.1%), resulting in net assets of $30.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $6.2M | $6.1M | $67.2M | $36.4M | — | View 990 |
| 2014 | $5.9M | $6.1M | $64.6M | $36.4M | — | View 990 |
| 2013 | $5.7M | $5.8M | $61.0M | $34.4M | — | View 990 |
| 2012 | $2.2M | $8.5M | $58.5M | $37.4M | — | View 990 |
| 2011 | $10.3M | $10.4M | $100.2M | $58.3M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $6.2M, expenses of $6.1M, and assets of $67.2M (revenue +5.0% year-over-year).
- 2014: Revenue of $5.9M, expenses of $6.1M, and assets of $64.6M (revenue +3.4% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.8M, and assets of $61.0M (revenue +157.5% year-over-year).
- 2012: Revenue of $2.2M, expenses of $8.5M, and assets of $58.5M (revenue -78.4% year-over-year).
- 2011: Revenue of $10.3M, expenses of $10.4M, and assets of $100.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palms And Woodbine Fl Inc:
Data Sources and Methodology
This transparency report for Palms And Woodbine Fl 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.