Russellville Heritage Apartments Inc
EIN: 710576888 · Russellville, AR · NTEE: L21Z
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $120K |
| Net Assets | $-11,655 |
Is Russellville Heritage Apartments Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Russellville Heritage Apartments Inc
Russellville Heritage Apartments Inc (EIN: 710576888) is a nonprofit organization based in Russellville, AR, classified under NTEE code L21Z. The organization reported total revenue of $166K and total assets of $198K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Russellville Heritage Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Russellville Heritage Apartments Inc is a small nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $141K |
| Total Expenses | $120K |
| Surplus / Deficit | +$21K |
| Total Assets | $196K |
| Total Liabilities | $208K |
| Net Assets | $-11,655 |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 105.9% |
| Months of Reserves | 19.7 months |
Financial Health Grade: A
In 2023, Russellville Heritage Apartments Inc reported a surplus of $21K with revenue exceeding expenses, holds 19.7 months of operating reserves (strong position), has a debt-to-asset ratio of 105.9% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Russellville Heritage Apartments Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | -3.4% | +3.0% |
| 2022 | +5.8% | +1.9% | -2.8% |
| 2021 | -4.8% | +5.5% | +10.4% |
| 2020 | +3.9% | +6.8% | +1.6% |
| 2019 | +1.3% | -9.0% | +6.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Russellville Heritage Apartments 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 Russellville Heritage Apartments 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 surplus of $21K, with revenue exceeding expenses.
- Debt-to-asset ratio: 105.9%.
Frequently Asked Questions about Russellville Heritage Apartments Inc
Is Russellville Heritage Apartments Inc a legitimate charity?
Russellville Heritage Apartments Inc (EIN: 710576888) is a registered tax-exempt nonprofit based in Arkansas. It has 12 years of IRS 990 filings on record. Total revenue: $166K. No red flags identified. Financial health grade: A.
How does Russellville Heritage Apartments Inc spend its money?
Russellville Heritage Apartments Inc reported $166K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Russellville Heritage Apartments Inc tax-deductible?
Russellville Heritage Apartments Inc is registered as a tax-exempt nonprofit (EIN: 710576888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Russellville Heritage Apartments Inc located?
Russellville Heritage Apartments Inc is headquartered in Russellville, Arkansas and files with the IRS under EIN 710576888. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Russellville Heritage Apartments Inc have?
Russellville Heritage Apartments Inc has 12 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 $166K in total revenue.
Filing History
IRS 990 filing history for Russellville Heritage Apartments Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Russellville Heritage Apartments Inc's revenue has declined by 0.7%, moving from $142K to $141K. Total assets increased by 2.3% over the same period, from $192K to $196K. Total functional expenses fell by 10.2%, from $133K to $120K. In its most recent filing year (2023), Russellville Heritage Apartments Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $208K in liabilities against $196K in assets (debt-to-asset ratio: 105.9%), resulting in net assets of $-11,655.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $141K | $120K | $196K | $208K | — | View 990 |
| 2022 | $142K | $124K | $191K | $224K | — | View 990 |
| 2021 | $134K | $122K | $196K | $247K | — | — |
| 2020 | $141K | $115K | $178K | $242K | — | View 990 |
| 2019 | $136K | $108K | $175K | $265K | — | View 990 |
| 2018 | $134K | $119K | $164K | $283K | — | View 990 |
| 2017 | $143K | $135K | $165K | $298K | — | View 990 |
| 2016 | $133K | $124K | $176K | $318K | — | View 990 |
| 2015 | $131K | $126K | $175K | $326K | — | View 990 |
| 2014 | $141K | $126K | $181K | $337K | — | View 990 |
| 2013 | $138K | $136K | $196K | $366K | — | View 990 |
| 2012 | $142K | $133K | $192K | $365K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $141K, expenses of $120K, and assets of $196K (revenue -0.8% year-over-year).
- 2022: Revenue of $142K, expenses of $124K, and assets of $191K (revenue +5.8% year-over-year).
- 2021: Revenue of $134K, expenses of $122K, and assets of $196K (revenue -4.8% year-over-year).
- 2020: Revenue of $141K, expenses of $115K, and assets of $178K (revenue +3.9% year-over-year).
- 2019: Revenue of $136K, expenses of $108K, and assets of $175K (revenue +1.3% year-over-year).
- 2018: Revenue of $134K, expenses of $119K, and assets of $164K (revenue -6.0% year-over-year).
- 2017: Revenue of $143K, expenses of $135K, and assets of $165K (revenue +7.2% year-over-year).
- 2016: Revenue of $133K, expenses of $124K, and assets of $176K (revenue +1.8% year-over-year).
- 2015: Revenue of $131K, expenses of $126K, and assets of $175K (revenue -7.2% year-over-year).
- 2014: Revenue of $141K, expenses of $126K, and assets of $181K (revenue +1.9% year-over-year).
- 2013: Revenue of $138K, expenses of $136K, and assets of $196K (revenue -2.7% year-over-year).
- 2012: Revenue of $142K, expenses of $133K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Russellville Heritage Apartments Inc:
Data Sources and Methodology
This transparency report for Russellville Heritage 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.