Pedigo Apartments Inc I
Pedigo Apartments Inc I consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 200543348 · Cookeville, TN · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $88K |
| Total Expenses | $111K |
| Program Spending | 80% |
| Net Assets | $621K |
| Transparency Score | 65/100 |
Is Pedigo Apartments Inc I Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pedigo Apartments Inc I directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pedigo Apartments Inc I
Pedigo Apartments Inc I (EIN: 200543348) is a nonprofit organization based in Cookeville, TN, classified under NTEE code L21. The organization reported total revenue of $88K and total assets of $619K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pedigo Apartments Inc I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pedigo Apartments Inc I is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $111K |
| Surplus / Deficit | $-26,266 |
| Total Assets | $643K |
| Total Liabilities | $22K |
| Net Assets | $621K |
| Operating Margin | -30.9% |
| Debt-to-Asset Ratio | 3.4% |
| Months of Reserves | 69.3 months |
Financial Health Grade: B
In 2023, Pedigo Apartments Inc I reported a deficit of $26K with expenses exceeding revenue, holds 69.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pedigo Apartments Inc I's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +3.2% | -2.7% |
| 2022 | +8.0% | +5.2% | -3.5% |
| 2021 | -1.0% | +1.4% | -3.8% |
| 2020 | +2.9% | +2.8% | -3.0% |
| 2019 | -22.4% | -1.8% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Pedigo Apartments Inc I with a Mission Score of 65 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, Pedigo Apartments Inc I 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $26K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that officers are not compensated or are compensated through non-officer means, which is highly favorable for a small organization of this size.
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 Pedigo Apartments Inc I's IRS 990 filings:
- Consistent annual operating deficits (e.g., $26,266 in 2023)
- Declining asset base over time (from $853,857 in 2014 to $643,290 in 2023)
Strengths
The following positive indicators were identified for Pedigo Apartments Inc I:
- Zero reported officer compensation, indicating strong financial stewardship at the executive level.
- Relatively low liabilities compared to assets, suggesting responsible debt management.
- Consistent operation for over a decade, indicating a stable presence in its community.
Frequently Asked Questions about Pedigo Apartments Inc I
Is Pedigo Apartments Inc I a legitimate charity?
Pedigo Apartments Inc I (EIN: 200543348) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $88K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Pedigo Apartments Inc I spend its money?
Pedigo Apartments Inc I directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pedigo Apartments Inc I tax-deductible?
Pedigo Apartments Inc I is registered as a tax-exempt nonprofit (EIN: 200543348). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pedigo Apartments Inc I's spending goes to programs?
Pedigo Apartments Inc I directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pedigo Apartments Inc I compare to similar nonprofits?
With a transparency score of 65/100 (Good), Pedigo Apartments Inc I is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pedigo Apartments Inc I located?
Pedigo Apartments Inc I is headquartered in Cookeville, Tennessee and files with the IRS under EIN 200543348. It is classified under NTEE code L21.
How many years of IRS 990 filings does Pedigo Apartments Inc I have?
Pedigo Apartments Inc I has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $88K in total revenue.
Is Pedigo Apartments Inc I financially sustainable given its consistent deficits?
The organization has consistently spent more than its revenue, leading to a decline in assets from $853,857 in 2014 to $643,290 in 2023. While current liabilities are low, this trend is not sustainable long-term without new revenue streams or reduced expenses.
What is the primary cause of the consistent expense exceeding revenue?
The filings indicate consistent operational expenses that exceed revenue. Without a detailed functional expense breakdown, it's difficult to pinpoint specific causes, but it suggests that the cost of providing housing services consistently outstrips income.
How does the organization cover its annual deficits?
The deficits are covered by drawing down the organization's existing assets. This is evident from the steady decrease in total assets over the past decade.
Filing History
IRS 990 filing history for Pedigo Apartments Inc I showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pedigo Apartments Inc I's revenue has grown by 40%, moving from $61K to $85K. Total assets decreased by 29.9% over the same period, from $917K to $643K. Total functional expenses rose by 25.9%, from $88K to $111K. In its most recent filing year (2023), Pedigo Apartments Inc I reported a deficit of $26K, with expenses exceeding revenue. The organization holds $22K in liabilities against $643K in assets (debt-to-asset ratio: 3.4%), resulting in net assets of $621K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $111K | $643K | $22K | — | — |
| 2022 | $83K | $108K | $661K | $13K | — | — |
| 2021 | $77K | $103K | $685K | $13K | — | — |
| 2020 | $78K | $101K | $712K | $14K | — | View 990 |
| 2019 | $76K | $98K | $734K | $13K | — | View 990 |
| 2018 | $97K | $100K | $759K | $15K | — | View 990 |
| 2017 | $70K | $95K | $786K | $39K | — | View 990 |
| 2016 | $65K | $89K | $803K | $31K | — | View 990 |
| 2015 | $68K | $90K | $828K | $31K | — | View 990 |
| 2014 | $69K | $90K | $854K | $35K | — | View 990 |
| 2013 | $70K | $90K | $874K | $34K | — | View 990 |
| 2012 | $69K | $87K | $894K | $35K | — | View 990 |
| 2011 | $61K | $88K | $917K | $40K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $111K, and assets of $643K (revenue +2.4% year-over-year).
- 2022: Revenue of $83K, expenses of $108K, and assets of $661K (revenue +8.0% year-over-year).
- 2021: Revenue of $77K, expenses of $103K, and assets of $685K (revenue -1.0% year-over-year).
- 2020: Revenue of $78K, expenses of $101K, and assets of $712K (revenue +2.9% year-over-year).
- 2019: Revenue of $76K, expenses of $98K, and assets of $734K (revenue -22.4% year-over-year).
- 2018: Revenue of $97K, expenses of $100K, and assets of $759K (revenue +39.0% year-over-year).
- 2017: Revenue of $70K, expenses of $95K, and assets of $786K (revenue +7.7% year-over-year).
- 2016: Revenue of $65K, expenses of $89K, and assets of $803K (revenue -3.9% year-over-year).
- 2015: Revenue of $68K, expenses of $90K, and assets of $828K (revenue -2.1% year-over-year).
- 2014: Revenue of $69K, expenses of $90K, and assets of $854K (revenue -1.8% year-over-year).
- 2013: Revenue of $70K, expenses of $90K, and assets of $874K (revenue +1.7% year-over-year).
- 2012: Revenue of $69K, expenses of $87K, and assets of $894K (revenue +13.8% year-over-year).
- 2011: Revenue of $61K, expenses of $88K, and assets of $917K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pedigo Apartments Inc I:
Data Sources and Methodology
This transparency report for Pedigo Apartments Inc I 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.