Parallel Senior Villas Inc
EIN: 800740258 · Kansas City, MO · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $488K |
| Total Expenses | $583K |
| Net Assets | $-2,097,389 |
Is Parallel Senior Villas Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Parallel Senior Villas Inc
Parallel Senior Villas Inc (EIN: 800740258) is a nonprofit organization based in Kansas City, MO, classified under NTEE code L22. The organization reported total revenue of $488K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parallel Senior Villas Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parallel Senior Villas Inc is a small nonprofit that has been operating for 14 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $446K |
| Total Expenses | $583K |
| Surplus / Deficit | $-136,617 |
| Total Assets | $3.0M |
| Total Liabilities | $5.1M |
| Net Assets | $-2,097,389 |
| Operating Margin | -30.6% |
| Debt-to-Asset Ratio | 169.0% |
| Months of Reserves | 62.6 months |
Financial Health Grade: C
In 2023, Parallel Senior Villas Inc reported a deficit of $137K with expenses exceeding revenue, holds 62.6 months of operating reserves (strong position), has a debt-to-asset ratio of 169.0% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Parallel Senior Villas Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.8% | -0.9% | -6.0% |
| 2022 | +6.6% | +15.5% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Parallel Senior Villas Inc 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 Parallel Senior Villas Inc 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 $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 169.0%.
Frequently Asked Questions about Parallel Senior Villas Inc
Is Parallel Senior Villas Inc a legitimate charity?
Parallel Senior Villas Inc (EIN: 800740258) is a registered tax-exempt nonprofit based in Missouri. It has 3 years of IRS 990 filings on record. Total revenue: $488K. No red flags identified. Financial health grade: C.
How does Parallel Senior Villas Inc spend its money?
Parallel Senior Villas Inc reported $488K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Parallel Senior Villas Inc tax-deductible?
Parallel Senior Villas Inc is registered as a tax-exempt nonprofit (EIN: 800740258). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Parallel Senior Villas Inc located?
Parallel Senior Villas Inc is headquartered in Kansas City, Missouri and files with the IRS under EIN 800740258. It is classified under NTEE code L22.
How many years of IRS 990 filings does Parallel Senior Villas Inc have?
Parallel Senior Villas Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $488K in total revenue.
Filing History
IRS 990 filing history for Parallel Senior Villas Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Parallel Senior Villas Inc's revenue has grown by 32%, moving from $338K to $446K. Total assets decreased by 10.1% over the same period, from $3.4M to $3.0M. Total functional expenses rose by 14.5%, from $509K to $583K. In its most recent filing year (2023), Parallel Senior Villas Inc reported a deficit of $137K, with expenses exceeding revenue. The organization holds $5.1M in liabilities against $3.0M in assets (debt-to-asset ratio: 169.0%), resulting in net assets of $-2,097,389.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $446K | $583K | $3.0M | $5.1M | — | — |
| 2022 | $361K | $588K | $3.2M | $5.2M | — | View 990 |
| 2021 | $338K | $509K | $3.4M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $446K, expenses of $583K, and assets of $3.0M (revenue +23.8% year-over-year).
- 2022: Revenue of $361K, expenses of $588K, and assets of $3.2M (revenue +6.6% year-over-year).
- 2021: Revenue of $338K, expenses of $509K, and assets of $3.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parallel Senior Villas Inc:
Data Sources and Methodology
This transparency report for Parallel Senior Villas 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.