Southern Connecticut Building Owner & Managers Associations
Southern Connecticut BOMA: Stable Revenue, Lean Operations
EIN: 222610894 · Bloomfield, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $200K |
| Total Expenses | $171K |
| Program Spending | 75% |
| Net Assets | $191K |
| Transparency Score | 70/100 |
Is Southern Connecticut Building Owner & Managers Associations Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Connecticut Building Owner & Managers Associations directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southern Connecticut Building Owner & Managers Associations
Southern Connecticut Building Owner & Managers Associations (EIN: 222610894) is a nonprofit organization based in Bloomfield, CT. The organization reported total revenue of $200K and total assets of $141K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Connecticut Building Owner & Managers Associations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Connecticut Building Owner & Managers Associations is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $168K |
| Total Expenses | $171K |
| Surplus / Deficit | $-2,990 |
| Total Assets | $221K |
| Total Liabilities | $30K |
| Net Assets | $191K |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 13.5% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, Southern Connecticut Building Owner & Managers Associations reported a deficit of $3K with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Connecticut Building Owner & Managers Associations's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.1% | +26.8% | +17.4% |
| 2022 | -29.8% | -4.0% | -31.8% |
| 2021 | +32.5% | +38.7% | +2.3% |
| 2020 | -42.8% | -50.1% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Southern Connecticut Building Owner & Managers Associations with a Mission Score of 70 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: 75%
- fundraising: 10%
According to IRS 990 filings, Southern Connecticut Building Owner & Managers Associations allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.5%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below disclosure thresholds or not applicable for this organization's 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 Southern Connecticut Building Owner & Managers Associations's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data.
- Significant drop in reported assets from $275,405 in 2021 to $187,901 in 2022, then to $141,150 in 2023 without clear explanation.
Strengths
The following positive indicators were identified for Southern Connecticut Building Owner & Managers Associations:
- Consistent revenue generation over multiple years, averaging around $150,000-$200,000 annually.
- Relatively low liabilities compared to assets, indicating financial stability.
- Zero reported lobbying expenses ('c0%') suggests focus on core mission rather than political advocacy.
Frequently Asked Questions about Southern Connecticut Building Owner & Managers Associations
Is Southern Connecticut Building Owner & Managers Associations a legitimate charity?
Southern Connecticut Building Owner & Managers Associations (EIN: 222610894) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $200K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Southern Connecticut Building Owner & Managers Associations spend its money?
Southern Connecticut Building Owner & Managers Associations directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Southern Connecticut Building Owner & Managers Associations tax-deductible?
Southern Connecticut Building Owner & Managers Associations is registered as a tax-exempt nonprofit (EIN: 222610894). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southern Connecticut Building Owner & Managers Associations's spending goes to programs?
Southern Connecticut Building Owner & Managers Associations directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Southern Connecticut Building Owner & Managers Associations located?
Southern Connecticut Building Owner & Managers Associations is headquartered in Bloomfield, Connecticut and files with the IRS under EIN 222610894.
How many years of IRS 990 filings does Southern Connecticut Building Owner & Managers Associations have?
Southern Connecticut Building Owner & Managers Associations 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 $200K in total revenue.
What does Southern Connecticut Building Owner & Managers Associations do?
Southern Connecticut Building Owner & Managers Associations is a nonprofit organization in the Unknown sector, located in Bloomfield, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Southern Connecticut Building Owner & Managers Associations have?
Southern Connecticut Building Owner & Managers Associations reported total revenue of $200,299. Based on 13 IRS 990 filings on record.
What are Southern Connecticut Building Owner & Managers Associations's total assets?
Southern Connecticut Building Owner & Managers Associations holds total assets of $141,150 as reported in IRS 990 filings.
Where is Southern Connecticut Building Owner & Managers Associations located?
Southern Connecticut Building Owner & Managers Associations is based in Bloomfield, Connecticut.
What is Southern Connecticut Building Owner & Managers Associations's EIN?
Southern Connecticut Building Owner & Managers Associations's Employer Identification Number (EIN) is 222610894. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southern Connecticut Building Owner & Managers Associations?
Southern Connecticut Building Owner & Managers Associations is classified under NTEE code Unknown (Unknown).
Is Southern Connecticut Building Owner & Managers Associations a registered 501(c)(3)?
Southern Connecticut Building Owner & Managers Associations appears in IRS records (EIN: 222610894). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Southern Connecticut Building Owner & Managers Associations file IRS Form 990?
Yes, Southern Connecticut Building Owner & Managers Associations has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Southern Connecticut Building Owner & Managers Associations's revenue in 2023?
In the 202312 filing period, Southern Connecticut Building Owner & Managers Associations reported total revenue of $168,095, total expenses of $171,085, and net assets of $220,549.
Is Southern Connecticut Building Owner & Managers Associations's revenue growing or declining?
Southern Connecticut Building Owner & Managers Associations's revenue is growing. Revenue went from $109,103 (202212) to $168,095 (202312), a +54.1% change. Based on 13 filings on record.
What is Southern Connecticut Building Owner & Managers Associations's most recent 990 filing?
The most recent IRS Form 990 filing for Southern Connecticut Building Owner & Managers Associations covers tax period 202312. It shows revenue of $168,095, expenses of $171,085, total assets of $220,549, and liabilities of $29,745.
How much does Southern Connecticut Building Owner & Managers Associations spend on programs vs administration?
Based on IRS 990 analysis, Southern Connecticut Building Owner & Managers Associations allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Southern Connecticut Building Owner & Managers Associations a trustworthy charity?
Based on AI analysis of IRS 990 data, Southern Connecticut Building Owner & Managers Associations appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Southern Connecticut Building Owner & Managers Associations?
The following concerns were identified: Lack of detailed expense breakdown (program vs. admin vs. fundraising) in summary data.. Significant drop in reported assets from $275,405 in 2021 to $187,901 in 2022, then to $141,150 in 2023 without clear explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Southern Connecticut Building Owner & Managers Associations's strengths?
Positive indicators for Southern Connecticut Building Owner & Managers Associations include: Consistent revenue generation over multiple years, averaging around $150,000-$200,000 annually.. Relatively low liabilities compared to assets, indicating financial stability.. Zero reported lobbying expenses ('c0%') suggests focus on core mission rather than political advocacy.. These findings are derived from AI analysis of the organization's financial filings.
How does Southern Connecticut Building Owner & Managers Associations compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below disclosure thresholds or not applicable for this organization's structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the substantial decrease in assets from $275,405 in 2021 to $141,150 in 2023?
The provided data does not specify the reason for the asset reduction; further investigation into their IRS Form 990 would be necessary to understand if it was due to asset sales, depreciation, or increased liabilities.
How does the organization manage to operate with expenses often exceeding revenue, as seen in 2022 ($109,103 revenue vs. $134,971 expenses)?
The organization likely draws from its accumulated assets or reserves to cover shortfalls in years where expenses exceed revenue, as indicated by the fluctuating asset base.
Filing History
IRS 990 filing history for Southern Connecticut Building Owner & Managers Associations showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Connecticut Building Owner & Managers Associations's revenue has declined by 14.6%, moving from $197K to $168K. Total assets increased by 4.5% over the same period, from $211K to $221K. Total functional expenses fell by 12.7%, from $196K to $171K. In its most recent filing year (2023), Southern Connecticut Building Owner & Managers Associations reported a deficit of $3K, with expenses exceeding revenue. The organization holds $30K in liabilities against $221K in assets (debt-to-asset ratio: 13.5%), resulting in net assets of $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $168K | $171K | $221K | $30K | — | — |
| 2022 | $109K | $135K | $188K | $3K | — | View 990 |
| 2021 | $155K | $141K | $275K | $14K | — | View 990 |
| 2020 | $117K | $101K | $269K | $38K | — | — |
| 2019 | $205K | $203K | $251K | $56K | — | View 990 |
| 2018 | $0 | $0 | $0 | $0 | — | View 990 |
| 2017 | $191K | $203K | $228K | $35K | — | View 990 |
| 2016 | $191K | $208K | $232K | $49K | — | View 990 |
| 2015 | $301K | $300K | $246K | $53K | — | View 990 |
| 2014 | $231K | $235K | $256K | $57K | — | View 990 |
| 2013 | $232K | $224K | $273K | $67K | — | View 990 |
| 2012 | $228K | $199K | $247K | $58K | — | View 990 |
| 2011 | $197K | $196K | $211K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $168K, expenses of $171K, and assets of $221K (revenue +54.1% year-over-year).
- 2022: Revenue of $109K, expenses of $135K, and assets of $188K (revenue -29.8% year-over-year).
- 2021: Revenue of $155K, expenses of $141K, and assets of $275K (revenue +32.5% year-over-year).
- 2020: Revenue of $117K, expenses of $101K, and assets of $269K (revenue -42.8% year-over-year).
- 2019: Revenue of $205K, expenses of $203K, and assets of $251K.
- 2018: Revenue of $0, expenses of $0, and assets of $0 (revenue -100.0% year-over-year).
- 2017: Revenue of $191K, expenses of $203K, and assets of $228K (revenue -0.1% year-over-year).
- 2016: Revenue of $191K, expenses of $208K, and assets of $232K (revenue -36.4% year-over-year).
- 2015: Revenue of $301K, expenses of $300K, and assets of $246K (revenue +30.2% year-over-year).
- 2014: Revenue of $231K, expenses of $235K, and assets of $256K (revenue -0.4% year-over-year).
- 2013: Revenue of $232K, expenses of $224K, and assets of $273K (revenue +2.0% year-over-year).
- 2012: Revenue of $228K, expenses of $199K, and assets of $247K (revenue +15.7% year-over-year).
- 2011: Revenue of $197K, expenses of $196K, and assets of $211K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Connecticut Building Owner & Managers Associations:
Data Sources and Methodology
This transparency report for Southern Connecticut Building Owner & Managers Associations 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.