Spectrum Closter Apartments Inc
EIN: 743040169 · River Vale, NJ · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $149K |
| Total Expenses | $225K |
| Net Assets | $2.5M |
Is Spectrum Closter 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 Spectrum Closter Apartments Inc
Spectrum Closter Apartments Inc (EIN: 743040169) is a nonprofit organization based in River Vale, NJ, classified under NTEE code L20. The organization reported total revenue of $149K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum Closter Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum Closter Apartments Inc is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $225K |
| Surplus / Deficit | $-33,607 |
| Total Assets | $2.7M |
| Total Liabilities | $178K |
| Net Assets | $2.5M |
| Operating Margin | -17.6% |
| Debt-to-Asset Ratio | 6.7% |
| Months of Reserves | 141.8 months |
Financial Health Grade: B
In 2023, Spectrum Closter Apartments Inc reported a deficit of $34K with expenses exceeding revenue, holds 141.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.7% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Spectrum Closter Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.7% | +16.7% | -4.1% |
| 2022 | +2.1% | -1.0% | -1.3% |
| 2021 | +2.3% | -35.7% | -0.1% |
| 2020 | -2.7% | +42.3% | -4.0% |
| 2019 | -3.2% | -2.6% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Spectrum Closter 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 Spectrum Closter 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 deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.7%.
Frequently Asked Questions about Spectrum Closter Apartments Inc
Is Spectrum Closter Apartments Inc a legitimate charity?
Spectrum Closter Apartments Inc (EIN: 743040169) is a registered tax-exempt nonprofit based in New Jersey. It has 14 years of IRS 990 filings on record. Total revenue: $149K. No red flags identified. Financial health grade: B.
How does Spectrum Closter Apartments Inc spend its money?
Spectrum Closter Apartments Inc reported $149K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spectrum Closter Apartments Inc tax-deductible?
Spectrum Closter Apartments Inc is registered as a tax-exempt nonprofit (EIN: 743040169). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spectrum Closter Apartments Inc located?
Spectrum Closter Apartments Inc is headquartered in River Vale, New Jersey and files with the IRS under EIN 743040169. It is classified under NTEE code L20.
How many years of IRS 990 filings does Spectrum Closter Apartments Inc have?
Spectrum Closter Apartments Inc 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 $149K in total revenue.
Filing History
IRS 990 filing history for Spectrum Closter Apartments Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Spectrum Closter Apartments Inc's revenue has grown by 6.8%, moving from $179K to $191K. Total assets decreased by 19.8% over the same period, from $3.3M to $2.7M. Total functional expenses rose by 10.2%, from $204K to $225K. In its most recent filing year (2023), Spectrum Closter Apartments Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $178K in liabilities against $2.7M in assets (debt-to-asset ratio: 6.7%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $225K | $2.7M | $178K | — | View 990 |
| 2022 | $146K | $192K | $2.8M | $259K | — | View 990 |
| 2021 | $143K | $194K | $2.8M | $250K | — | View 990 |
| 2020 | $140K | $302K | $2.8M | $202K | — | — |
| 2019 | $144K | $213K | $2.9M | $156K | — | View 990 |
| 2018 | $149K | $218K | $3.0M | $139K | — | View 990 |
| 2017 | $167K | $213K | $3.0M | $83K | — | View 990 |
| 2016 | $137K | $218K | $3.0M | $62K | — | View 990 |
| 2015 | $190K | $210K | $3.1M | $89K | — | View 990 |
| 2014 | $144K | $219K | $3.2M | $99K | — | View 990 |
| 2013 | $214K | $225K | $3.2M | $44K | — | View 990 |
| 2012 | $149K | $223K | $3.2M | $46K | — | View 990 |
| 2011 | $151K | $217K | $3.3M | $43K | — | View 990 |
| 2010 | $179K | $204K | $3.3M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $225K, and assets of $2.7M (revenue +30.7% year-over-year).
- 2022: Revenue of $146K, expenses of $192K, and assets of $2.8M (revenue +2.1% year-over-year).
- 2021: Revenue of $143K, expenses of $194K, and assets of $2.8M (revenue +2.3% year-over-year).
- 2020: Revenue of $140K, expenses of $302K, and assets of $2.8M (revenue -2.7% year-over-year).
- 2019: Revenue of $144K, expenses of $213K, and assets of $2.9M (revenue -3.2% year-over-year).
- 2018: Revenue of $149K, expenses of $218K, and assets of $3.0M (revenue -11.0% year-over-year).
- 2017: Revenue of $167K, expenses of $213K, and assets of $3.0M (revenue +22.2% year-over-year).
- 2016: Revenue of $137K, expenses of $218K, and assets of $3.0M (revenue -27.9% year-over-year).
- 2015: Revenue of $190K, expenses of $210K, and assets of $3.1M (revenue +31.6% year-over-year).
- 2014: Revenue of $144K, expenses of $219K, and assets of $3.2M (revenue -32.6% year-over-year).
- 2013: Revenue of $214K, expenses of $225K, and assets of $3.2M (revenue +43.4% year-over-year).
- 2012: Revenue of $149K, expenses of $223K, and assets of $3.2M (revenue -1.4% year-over-year).
- 2011: Revenue of $151K, expenses of $217K, and assets of $3.3M (revenue -15.4% year-over-year).
- 2010: Revenue of $179K, expenses of $204K, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum Closter Apartments Inc:
Data Sources and Methodology
This transparency report for Spectrum Closter 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.