Parstem Realty Company Inc
Parstem Realty Company Inc. consistently reports revenue equal to expenses with no officer compensation, suggesting a non-operating financial vehicle.
EIN: 132583841 · Newark, DE · Updated: 2026-03-28
Is Parstem Realty Company Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Parstem Realty Company Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Parstem Realty Company Inc
Parstem Realty Company Inc (EIN: 132583841) is a nonprofit organization based in Newark, DE. The organization reported total revenue of $2.3M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parstem Realty Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Parstem Realty Company Inc is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$0 |
| Total Assets | $2.5M |
| Net Assets | $2.5M |
| Operating Margin | 0.0% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2023, Parstem Realty Company Inc reported a surplus of $0 with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Parstem Realty Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +0.0% |
| 2022 | +0.0% | +0.0% | +0.0% |
| 2021 | +0.0% | +0.0% | +0.0% |
| 2020 | +29.1% | +29.1% | +0.0% |
| 2019 | +325.8% | +325.8% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Parstem Realty Company Inc with a Mission Score of 40 out of 100 (Fair). 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: 100%
- fundraising: 0%
According to IRS 990 filings, Parstem Realty Company Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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 surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is highly unusual for an entity with millions in revenue and assets, further supporting the hypothesis of a non-operating or holding company structure.
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 Parstem Realty Company Inc's IRS 990 filings:
- Consistent reporting of revenue exactly equaling expenses across multiple years, which is unusual for an operating nonprofit.
- No reported officer compensation despite millions in revenue and assets, suggesting a non-traditional operational model.
- Lack of an NTEE code, making it difficult to understand the organization's stated purpose or activities.
- Absence of detailed expense breakdowns, making it impossible to assess program efficiency or administrative overhead.
Strengths
The following positive indicators were identified for Parstem Realty Company Inc:
- Consistent reporting of zero liabilities, indicating strong financial stability and no debt.
- Stable asset base, with assets consistently maintained at over $2.4 million for many years, and recently increasing to $4.6 million.
Frequently Asked Questions about Parstem Realty Company Inc
Is Parstem Realty Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Parstem Realty Company Inc (EIN: 132583841) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does Parstem Realty Company Inc spend its money?
Parstem Realty Company Inc directs 100% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Parstem Realty Company Inc tax-deductible?
Parstem Realty Company Inc is registered as a tax-exempt nonprofit (EIN: 132583841). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary purpose or mission of Parstem Realty Company Inc.?
Based on the available IRS 990 data, the specific mission or program activities of Parstem Realty Company Inc. are not clear. The financial data suggests it may be a holding company or a pass-through entity, as revenue consistently equals expenses and there is no officer compensation or detailed program spending breakdown.
How does Parstem Realty Company Inc. utilize its 'expenses' if they consistently equal revenue and there's no officer compensation?
The consistent reporting of revenue equaling expenses, with no officer compensation, suggests that the 'expenses' are likely direct pass-through costs or investments rather than operational expenditures for traditional charitable programs, administrative overhead, or fundraising. Without further detail, the nature of these expenses remains ambiguous.
Is Parstem Realty Company Inc. transparent about its operations?
Transparency is limited by the lack of detailed expense categorization beyond the top-line figures and the absence of an NTEE code, which would typically define its charitable purpose. The consistent, identical financial figures across years also raise questions about the nature of its financial activities.
Filing History
IRS 990 filing history for Parstem Realty Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Parstem Realty Company Inc's revenue has grown by 449.7%, moving from $244K to $1.3M. Total assets increased by 0% over the same period, from $2.5M to $2.5M. Total functional expenses rose by 449.7%, from $244K to $1.3M. In its most recent filing year (2023), Parstem Realty Company Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.3M | $2.5M | $0 | — | — |
| 2022 | $1.3M | $1.3M | $2.5M | $0 | — | View 990 |
| 2021 | $1.3M | $1.3M | $2.5M | $0 | — | View 990 |
| 2020 | $1.3M | $1.3M | $2.5M | $0 | — | — |
| 2019 | $1.0M | $1.0M | $2.5M | $0 | — | View 990 |
| 2018 | $244K | $244K | $2.5M | $0 | — | View 990 |
| 2017 | $244K | $244K | $2.5M | $0 | — | View 990 |
| 2016 | $244K | $244K | $2.5M | $0 | — | View 990 |
| 2015 | $244K | $244K | $2.5M | $0 | — | View 990 |
| 2014 | $244K | $244K | $2.5M | $0 | — | View 990 |
| 2013 | $247K | $247K | $2.5M | $0 | — | View 990 |
| 2012 | $244K | $244K | $2.5M | $0 | — | View 990 |
| 2011 | $244K | $244K | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.3M, and assets of $2.5M (revenue +0.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.3M, and assets of $2.5M (revenue +0.0% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $2.5M (revenue +0.0% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $2.5M (revenue +29.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.0M, and assets of $2.5M (revenue +325.8% year-over-year).
- 2018: Revenue of $244K, expenses of $244K, and assets of $2.5M (revenue +0.0% year-over-year).
- 2017: Revenue of $244K, expenses of $244K, and assets of $2.5M (revenue +0.0% year-over-year).
- 2016: Revenue of $244K, expenses of $244K, and assets of $2.5M (revenue +0.0% year-over-year).
- 2015: Revenue of $244K, expenses of $244K, and assets of $2.5M (revenue +0.0% year-over-year).
- 2014: Revenue of $244K, expenses of $244K, and assets of $2.5M (revenue -1.0% year-over-year).
- 2013: Revenue of $247K, expenses of $247K, and assets of $2.5M (revenue +1.0% year-over-year).
- 2012: Revenue of $244K, expenses of $244K, and assets of $2.5M (revenue +0.0% year-over-year).
- 2011: Revenue of $244K, expenses of $244K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Parstem Realty Company Inc:
Data Sources and Methodology
This transparency report for Parstem Realty Company 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.