Pecan Valley Apartments Inc
Pecan Valley Apartments Inc. consistently operates at a deficit, drawing down assets while maintaining 0% officer compensation.
EIN: 201970059 · Melbourne, AR · NTEE: L22 · Updated: 2026-03-28
About Pecan Valley Apartments Inc
Pecan Valley Apartments Inc (EIN: 201970059) is a nonprofit organization based in Melbourne, AR, classified under NTEE code L22. The organization reported total revenue of $151K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pecan Valley Apartments 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 Pecan Valley Apartments Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pecan Valley Apartments Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 no officers receive salaries from the organization. This is highly favorable, suggesting all operational funds are directed towards the organization's mission, especially given its asset base of over $1.2 million.
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 Pecan Valley Apartments Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $57,653 deficit in 2023)
- Declining asset base over the past decade (from $1.56M to $1.21M)
Strengths
The following positive indicators were identified for Pecan Valley Apartments Inc:
- 0% officer compensation reported across all filings, indicating high efficiency in executive pay
- Stable revenue stream over the past decade, albeit insufficient to cover expenses
- Substantial asset base ($1,207,050 in 2023) providing financial cushion
Frequently Asked Questions about Pecan Valley Apartments Inc
Is Pecan Valley Apartments Inc. financially sustainable given its consistent deficits?
The organization has consistently reported expenses exceeding revenue for at least the past decade. For example, in 2023, expenses were $187,802 against revenues of $130,149. This trend has led to a decrease in assets from $1,559,304 in 2014 to $1,207,050 in 2023. While it has a substantial asset base, continued deficits without a clear plan to increase revenue or decrease expenses could impact long-term sustainability.
What is the primary source of funding for Pecan Valley Apartments Inc.?
Based on the provided data, the organization's revenue has consistently been in the range of $100,000-$150,000 annually. Without more detailed 990 schedules, it's difficult to pinpoint the exact primary source (e.g., program service revenue, grants, contributions). However, given its NTEE code (L22 - Housing), it's likely a significant portion comes from rental income or government subsidies for affordable housing.
How does the organization cover its operational deficits?
The consistent deficits suggest the organization is either drawing down its existing asset base to cover operational costs or has other non-operating income streams (like investment income or capital gains) not reflected in the 'Revenue' figure provided, or perhaps receives non-cash contributions that offset expenses. The decline in total assets over time (from $1.56M to $1.21M) supports the idea of asset utilization to cover shortfalls.
Filing History
IRS 990 filing history for Pecan Valley Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pecan Valley Apartments Inc's revenue has grown by 25%, moving from $104K to $130K. Total assets decreased by 27.7% over the same period, from $1.7M to $1.2M. Total functional expenses rose by 30.7%, from $144K to $188K. In its most recent filing year (2023), Pecan Valley Apartments Inc reported a deficit of $58K, with expenses exceeding revenue. The organization holds $31K in liabilities against $1.2M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $188K | $1.2M | $31K | — | — |
| 2022 | $121K | $171K | $1.3M | $18K | — | View 990 |
| 2021 | $122K | $164K | $1.3M | $14K | — | — |
| 2020 | $121K | $152K | $1.3M | $11K | — | View 990 |
| 2019 | $116K | $155K | $1.4M | $11K | — | View 990 |
| 2018 | $118K | $150K | $1.4M | $12K | — | View 990 |
| 2017 | $110K | $146K | $1.4M | $12K | — | View 990 |
| 2016 | $107K | $156K | $1.5M | $13K | — | View 990 |
| 2015 | $107K | $145K | $1.5M | $10K | — | View 990 |
| 2014 | $103K | $134K | $1.6M | $9K | — | View 990 |
| 2013 | $102K | $146K | $1.6M | $13K | — | View 990 |
| 2012 | $104K | $136K | $1.6M | $13K | — | View 990 |
| 2011 | $104K | $144K | $1.7M | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $188K, and assets of $1.2M (revenue +7.3% year-over-year).
- 2022: Revenue of $121K, expenses of $171K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2021: Revenue of $122K, expenses of $164K, and assets of $1.3M (revenue +0.5% year-over-year).
- 2020: Revenue of $121K, expenses of $152K, and assets of $1.3M (revenue +4.5% year-over-year).
- 2019: Revenue of $116K, expenses of $155K, and assets of $1.4M (revenue -1.8% year-over-year).
- 2018: Revenue of $118K, expenses of $150K, and assets of $1.4M (revenue +6.9% year-over-year).
- 2017: Revenue of $110K, expenses of $146K, and assets of $1.4M (revenue +2.9% year-over-year).
- 2016: Revenue of $107K, expenses of $156K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2015: Revenue of $107K, expenses of $145K, and assets of $1.5M (revenue +3.9% year-over-year).
- 2014: Revenue of $103K, expenses of $134K, and assets of $1.6M (revenue +1.3% year-over-year).
- 2013: Revenue of $102K, expenses of $146K, and assets of $1.6M (revenue -1.4% year-over-year).
- 2012: Revenue of $104K, expenses of $136K, and assets of $1.6M (revenue -0.5% year-over-year).
- 2011: Revenue of $104K, expenses of $144K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Pecan Valley Apartments 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.