Park Lanes Homes Incorporated
EIN: 450308582 · Mandan, ND
| Metric | Value |
|---|---|
| Total Revenue | $66K |
| Total Expenses | $49K |
| Net Assets | $113K |
Is Park Lanes Homes Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Park Lanes Homes Incorporated
Park Lanes Homes Incorporated (EIN: 450308582) is a nonprofit organization based in Mandan, ND. The organization reported total revenue of $66K and total assets of $254K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Lanes Homes Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Park Lanes Homes Incorporated is a micro nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $49K |
| Surplus / Deficit | +$5K |
| Total Assets | $244K |
| Total Liabilities | $131K |
| Net Assets | $113K |
| Operating Margin | 9.3% |
| Debt-to-Asset Ratio | 53.8% |
| Months of Reserves | 60.3 months |
Financial Health Grade: A
In 2023, Park Lanes Homes Incorporated reported a surplus of $5K with revenue exceeding expenses, holds 60.3 months of operating reserves (strong position), has a debt-to-asset ratio of 53.8% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Park Lanes Homes Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | -17.2% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Park Lanes Homes Incorporated 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 Park Lanes Homes Incorporated 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 surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.8%.
Frequently Asked Questions about Park Lanes Homes Incorporated
Is Park Lanes Homes Incorporated a legitimate charity?
Park Lanes Homes Incorporated (EIN: 450308582) is a registered tax-exempt nonprofit based in North Dakota. It has 2 years of IRS 990 filings on record. Total revenue: $66K. No red flags identified. Financial health grade: A.
How does Park Lanes Homes Incorporated spend its money?
Park Lanes Homes Incorporated reported $66K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Park Lanes Homes Incorporated tax-deductible?
Park Lanes Homes Incorporated is registered as a tax-exempt nonprofit (EIN: 450308582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Park Lanes Homes Incorporated located?
Park Lanes Homes Incorporated is headquartered in Mandan, North Dakota and files with the IRS under EIN 450308582.
How many years of IRS 990 filings does Park Lanes Homes Incorporated have?
Park Lanes Homes Incorporated has 2 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 $66K in total revenue.
Filing History
IRS 990 filing history for Park Lanes Homes Incorporated showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Park Lanes Homes Incorporated's revenue has declined by 1.3%, moving from $54K to $54K. Total assets decreased by 1.7% over the same period, from $248K to $244K. Total functional expenses fell by 17.2%, from $59K to $49K. In its most recent filing year (2023), Park Lanes Homes Incorporated reported a surplus of $5K, with revenue exceeding expenses. The organization holds $131K in liabilities against $244K in assets (debt-to-asset ratio: 53.8%), resulting in net assets of $113K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $49K | $244K | $131K | — | — |
| 2022 | $54K | $59K | $248K | $140K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Park Lanes Homes Incorporated:
Data Sources and Methodology
This transparency report for Park Lanes Homes Incorporated 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.