Shenandoah Apartments Lafayette
Shenandoah Apartments Lafayette consistently operates at a deficit, drawing down assets over the past decade.
EIN: 200487886 · Cookeville, TN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $149K |
| Program Spending | 80% |
| Net Assets | $895K |
| Transparency Score | 60/100 |
Is Shenandoah Apartments Lafayette Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shenandoah Apartments Lafayette directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shenandoah Apartments Lafayette
Shenandoah Apartments Lafayette (EIN: 200487886) is a nonprofit organization based in Cookeville, TN, classified under NTEE code L22. The organization reported total revenue of $130K and total assets of $910K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shenandoah Apartments Lafayette's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shenandoah Apartments Lafayette is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $149K |
| Surplus / Deficit | $-20,981 |
| Total Assets | $935K |
| Total Liabilities | $40K |
| Net Assets | $895K |
| Operating Margin | -16.4% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 75.2 months |
Financial Health Grade: B
In 2024, Shenandoah Apartments Lafayette reported a deficit of $21K with expenses exceeding revenue, holds 75.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Shenandoah Apartments Lafayette's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.7% | -9.3% | -2.7% |
| 2023 | +3.3% | -3.0% | -4.3% |
| 2022 | -2.5% | +13.6% | -4.3% |
| 2021 | +8.7% | +4.3% | -2.7% |
| 2020 | +9.6% | -1.4% | -4.0% |
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 Shenandoah Apartments Lafayette with a Mission Score of 60 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, Shenandoah Apartments Lafayette 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is a positive sign for resource allocation given the organization's size and financial trends.
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 Shenandoah Apartments Lafayette's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $149,201 expenses vs. $128,220 revenue in 202406.
- Steady decline in total assets over the past decade, from $1,334,531 in 201506 to $935,267 in 202406, indicating a potential draw on reserves.
- Lack of detailed expense breakdown in available data makes it difficult to assess program efficiency and administrative overhead precisely.
Strengths
The following positive indicators were identified for Shenandoah Apartments Lafayette:
- Consistent 0% officer compensation, indicating no executive salaries are a drain on resources.
- Long history of IRS 990 filings (14 filings), demonstrating a commitment to regulatory compliance and transparency.
- Relatively low liabilities compared to assets, suggesting a manageable debt burden.
Frequently Asked Questions about Shenandoah Apartments Lafayette
Is Shenandoah Apartments Lafayette a legitimate charity?
Shenandoah Apartments Lafayette (EIN: 200487886) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $130K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Shenandoah Apartments Lafayette spend its money?
Shenandoah Apartments Lafayette directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shenandoah Apartments Lafayette tax-deductible?
Shenandoah Apartments Lafayette is registered as a tax-exempt nonprofit (EIN: 200487886). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shenandoah Apartments Lafayette's spending goes to programs?
Shenandoah Apartments Lafayette directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shenandoah Apartments Lafayette compare to similar nonprofits?
With a transparency score of 60/100 (Good), Shenandoah Apartments Lafayette is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shenandoah Apartments Lafayette located?
Shenandoah Apartments Lafayette is headquartered in Cookeville, Tennessee and files with the IRS under EIN 200487886. It is classified under NTEE code L22.
How many years of IRS 990 filings does Shenandoah Apartments Lafayette have?
Shenandoah Apartments Lafayette has 14 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 $130K in total revenue.
Is Shenandoah Apartments Lafayette financially sustainable?
The organization has consistently reported expenses exceeding revenue for at least the past decade, leading to a steady decline in assets from $1,334,531 in 201506 to $935,267 in 202406. This trend suggests long-term financial unsustainability if not addressed.
How does Shenandoah Apartments Lafayette cover its operating deficits?
The consistent decline in assets over the past decade, while liabilities remain relatively low, suggests that operating deficits are likely being covered by drawing down existing reserves or through asset depreciation.
What is the trend in the organization's assets?
Assets have shown a consistent downward trend, decreasing from $1,334,531 in 201506 to $935,267 in 202406, indicating a reduction in the organization's overall financial holdings.
Filing History
IRS 990 filing history for Shenandoah Apartments Lafayette showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Shenandoah Apartments Lafayette's revenue has grown by 56.4%, moving from $82K to $128K. Total assets decreased by 34.8% over the same period, from $1.4M to $935K. Total functional expenses rose by 30.3%, from $115K to $149K. In its most recent filing year (2024), Shenandoah Apartments Lafayette reported a deficit of $21K, with expenses exceeding revenue. The organization holds $40K in liabilities against $935K in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $895K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $128K | $149K | $935K | $40K | — | — |
| 2023 | $113K | $165K | $961K | $45K | — | View 990 |
| 2022 | $109K | $170K | $1.0M | $36K | — | View 990 |
| 2021 | $112K | $149K | $1.0M | $21K | — | View 990 |
| 2020 | $103K | $143K | $1.1M | $12K | — | View 990 |
| 2019 | $94K | $145K | $1.1M | $17K | — | View 990 |
| 2018 | $101K | $137K | $1.2M | $19K | — | View 990 |
| 2017 | $99K | $182K | $1.2M | $11K | — | View 990 |
| 2016 | $94K | $135K | $1.3M | $14K | — | View 990 |
| 2015 | $93K | $123K | $1.3M | $18K | — | View 990 |
| 2014 | $98K | $118K | $1.3M | $19K | — | View 990 |
| 2013 | $98K | $117K | $1.3M | $21K | — | View 990 |
| 2012 | $88K | $119K | $1.4M | $22K | — | View 990 |
| 2011 | $82K | $115K | $1.4M | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $128K, expenses of $149K, and assets of $935K (revenue +13.7% year-over-year).
- 2023: Revenue of $113K, expenses of $165K, and assets of $961K (revenue +3.3% year-over-year).
- 2022: Revenue of $109K, expenses of $170K, and assets of $1.0M (revenue -2.5% year-over-year).
- 2021: Revenue of $112K, expenses of $149K, and assets of $1.0M (revenue +8.7% year-over-year).
- 2020: Revenue of $103K, expenses of $143K, and assets of $1.1M (revenue +9.6% year-over-year).
- 2019: Revenue of $94K, expenses of $145K, and assets of $1.1M (revenue -6.9% year-over-year).
- 2018: Revenue of $101K, expenses of $137K, and assets of $1.2M (revenue +1.8% year-over-year).
- 2017: Revenue of $99K, expenses of $182K, and assets of $1.2M (revenue +5.4% year-over-year).
- 2016: Revenue of $94K, expenses of $135K, and assets of $1.3M (revenue +0.7% year-over-year).
- 2015: Revenue of $93K, expenses of $123K, and assets of $1.3M (revenue -5.0% year-over-year).
- 2014: Revenue of $98K, expenses of $118K, and assets of $1.3M (revenue +0.7% year-over-year).
- 2013: Revenue of $98K, expenses of $117K, and assets of $1.3M (revenue +11.7% year-over-year).
- 2012: Revenue of $88K, expenses of $119K, and assets of $1.4M (revenue +6.7% year-over-year).
- 2011: Revenue of $82K, expenses of $115K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shenandoah Apartments Lafayette:
Data Sources and Methodology
This transparency report for Shenandoah Apartments Lafayette 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.