Southfields Owners Association Inc
EIN: 273563708 · Pennington, NJ · NTEE: L50
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.7M |
| Net Assets | $181K |
Is Southfields Owners Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southfields Owners Association Inc
Southfields Owners Association Inc (EIN: 273563708) is a nonprofit organization based in Pennington, NJ, classified under NTEE code L50. The organization reported total revenue of $2.0M and total assets of $262K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southfields Owners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southfields Owners Association Inc is a mid-size nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2009–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-324,712 |
| Total Assets | $181K |
| Net Assets | $181K |
| Operating Margin | -23.8% |
| Months of Reserves | 1.3 months |
Financial Health Grade: C
In 2023, Southfields Owners Association Inc reported a deficit of $325K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.0% | -31.4% | -64.2% |
| 2022 | +68.0% | +33.5% | +299.0% |
| 2021 | -8.5% | -4.2% | -54.8% |
| 2020 | -2.0% | +3.9% | -21.7% |
| 2019 | -2.9% | +0.0% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southfields Owners Association 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 Southfields Owners Association 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 deficit of $325K, with expenses exceeding revenue.
Frequently Asked Questions about Southfields Owners Association Inc
Is Southfields Owners Association Inc a legitimate charity?
Southfields Owners Association Inc (EIN: 273563708) is a registered tax-exempt nonprofit based in New Jersey. It has 15 years of IRS 990 filings on record. Total revenue: $2.0M. No red flags identified. Financial health grade: C.
How does Southfields Owners Association Inc spend its money?
Southfields Owners Association Inc reported $2.0M in total revenue in IRS 990 filings. 15 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southfields Owners Association Inc tax-deductible?
Southfields Owners Association Inc is registered as a tax-exempt nonprofit (EIN: 273563708). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southfields Owners Association Inc located?
Southfields Owners Association Inc is headquartered in Pennington, New Jersey and files with the IRS under EIN 273563708. It is classified under NTEE code L50.
How many years of IRS 990 filings does Southfields Owners Association Inc have?
Southfields Owners Association Inc has 15 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for Southfields Owners Association Inc showing financial trends over 15 years of public records:
In its most recent filing year (2023), Southfields Owners Association Inc reported a deficit of $325K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.7M | $181K | $0 | — | — |
| 2022 | $2.8M | $2.5M | $505K | $0 | — | View 990 |
| 2021 | $1.7M | $1.8M | $127K | $0 | — | View 990 |
| 2020 | $1.8M | $1.9M | $280K | $0 | — | View 990 |
| 2019 | $1.9M | $1.9M | $358K | $0 | — | — |
| 2018 | $1.9M | $1.9M | $326K | $0 | — | View 990 |
| 2017 | $1.5M | $1.5M | $236K | $0 | — | View 990 |
| 2016 | $1.8M | $1.6M | $227K | $0 | — | View 990 |
| 2015 | $1.2M | $1.4M | $-177 | $0 | — | View 990 |
| 2014 | $1.4M | $1.3M | $216K | $0 | — | View 990 |
| 2013 | $1.2M | $1.3M | $197K | $0 | — | View 990 |
| 2012 | $1.3M | $1.3M | $205K | $0 | — | View 990 |
| 2011 | $1.4M | $1.2M | $253K | $0 | — | View 990 |
| 2010 | $0 | $0 | $29K | $0 | — | View 990 |
| 2009 | $0 | $0 | $0 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.7M, and assets of $181K (revenue -52.0% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.5M, and assets of $505K (revenue +68.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.8M, and assets of $127K (revenue -8.5% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $280K (revenue -2.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.9M, and assets of $358K (revenue -2.9% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $326K (revenue +29.3% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $236K (revenue -15.5% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $227K (revenue +45.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.4M, and assets of $-177 (revenue -11.1% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $216K (revenue +10.8% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $197K (revenue -4.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $205K (revenue -5.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.2M, and assets of $253K.
- 2010: Revenue of $0, expenses of $0, and assets of $29K.
- 2009: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southfields Owners Association Inc:
Data Sources and Methodology
This transparency report for Southfields Owners Association 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.