St Luke Housing Ministry Inc
St Luke Housing Ministry Inc. consistently operates with deficits and has substantial long-term liabilities exceeding assets.
EIN: 10802772 · Nashville, TN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $351K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $-891,324 |
| Transparency Score | 65/100 |
Is St Luke Housing Ministry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Luke Housing Ministry Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Luke Housing Ministry Inc
St Luke Housing Ministry Inc (EIN: 10802772) is a nonprofit organization based in Nashville, TN, classified under NTEE code L22. The organization reported total revenue of $335K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Luke Housing Ministry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Luke Housing Ministry Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $326K |
| Total Expenses | $351K |
| Surplus / Deficit | $-24,304 |
| Total Assets | $1.6M |
| Total Liabilities | $2.5M |
| Net Assets | $-891,324 |
| Operating Margin | -7.4% |
| Debt-to-Asset Ratio | 155.6% |
| Months of Reserves | 54.9 months |
Financial Health Grade: C
In 2023, St Luke Housing Ministry Inc reported a deficit of $24K with expenses exceeding revenue, holds 54.9 months of operating reserves (strong position), has a debt-to-asset ratio of 155.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Luke Housing Ministry Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.9% | +4.3% | -2.3% |
| 2022 | +1.4% | -7.3% | -1.1% |
| 2021 | +8.2% | +14.0% | -2.8% |
| 2020 | +2.8% | +0.3% | -3.9% |
| 2019 | +6.2% | +6.4% | -0.7% |
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 St Luke Housing Ministry Inc with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, St Luke Housing Ministry Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $24K, with expenses exceeding revenue.
- Debt-to-asset ratio: 155.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not reported as officer compensation on the 990, which is a positive sign for a nonprofit of its size with revenues around $300,000.
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 St Luke Housing Ministry Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $24,304 deficit in 2023)
- Liabilities significantly and consistently exceed assets (e.g., $2.5M liabilities vs. $1.6M assets in 2023)
- Declining asset base over the past decade (from $2.0M in 2014 to $1.6M in 2023)
Strengths
The following positive indicators were identified for St Luke Housing Ministry Inc:
- Zero reported officer compensation, indicating potential volunteer leadership or highly efficient compensation practices.
- Consistent filing history, demonstrating transparency and compliance with IRS requirements.
Frequently Asked Questions about St Luke Housing Ministry Inc
Is St Luke Housing Ministry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Luke Housing Ministry Inc (EIN: 10802772) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does St Luke Housing Ministry Inc spend its money?
St Luke Housing Ministry Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Luke Housing Ministry Inc tax-deductible?
St Luke Housing Ministry Inc is registered as a tax-exempt nonprofit (EIN: 10802772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Luke Housing Ministry Inc CEO make?
St Luke Housing Ministry Inc's highest-compensated officer earns $300,000. annually. The organization reported $335K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Luke Housing Ministry Inc's spending goes to programs?
St Luke Housing Ministry Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Luke Housing Ministry Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), St Luke Housing Ministry Inc 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 St Luke Housing Ministry Inc located?
St Luke Housing Ministry Inc is headquartered in Nashville, Tennessee and files with the IRS under EIN 10802772. It is classified under NTEE code L22.
How many years of IRS 990 filings does St Luke Housing Ministry Inc have?
St Luke Housing Ministry Inc 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 $335K in total revenue.
How does St Luke Housing Ministry Inc. sustain operations with consistent annual deficits?
The organization has consistently reported expenses exceeding revenue, for example, a $24,304 deficit in 2023 ($350,774 expenses vs. $326,470 revenue). This suggests reliance on prior reserves, non-operating income, or other funding sources not fully detailed in the provided revenue figures to cover the gap.
What is the nature of the organization's significant liabilities?
Liabilities have consistently been around $2.5 million, significantly exceeding assets (e.g., $2,495,596 liabilities vs. $1,604,272 assets in 2023). Understanding the composition of these liabilities (e.g., mortgages, program-related debt) is crucial for assessing long-term financial stability.
Why are assets declining over time?
Assets have decreased from $2,036,262 in 2014 to $1,604,272 in 2023. This trend, coupled with operating deficits, suggests that the organization may be drawing down its asset base to cover expenses or that asset values are depreciating without sufficient reinvestment.
Filing History
IRS 990 filing history for St Luke Housing Ministry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Luke Housing Ministry Inc's revenue has grown by 31%, moving from $249K to $326K. Total assets decreased by 28% over the same period, from $2.2M to $1.6M. Total functional expenses rose by 32.2%, from $265K to $351K. In its most recent filing year (2023), St Luke Housing Ministry Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $1.6M in assets (debt-to-asset ratio: 155.6%), resulting in net assets of $-891,324.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $326K | $351K | $1.6M | $2.5M | — | — |
| 2022 | $311K | $336K | $1.6M | $2.5M | — | View 990 |
| 2021 | $307K | $363K | $1.7M | $2.5M | — | View 990 |
| 2020 | $284K | $318K | $1.7M | $2.5M | — | View 990 |
| 2019 | $276K | $317K | $1.8M | $2.5M | — | View 990 |
| 2018 | $260K | $298K | $1.8M | $2.5M | — | View 990 |
| 2017 | $232K | $274K | $1.8M | $2.5M | — | View 990 |
| 2016 | $227K | $281K | $1.9M | $2.5M | — | View 990 |
| 2015 | $160K | $279K | $1.9M | $2.5M | — | View 990 |
| 2014 | $229K | $278K | $2.0M | $2.5M | — | View 990 |
| 2013 | $272K | $327K | $2.1M | $2.5M | — | View 990 |
| 2012 | $228K | $253K | $2.2M | $2.6M | — | View 990 |
| 2011 | $249K | $265K | $2.2M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $326K, expenses of $351K, and assets of $1.6M (revenue +4.9% year-over-year).
- 2022: Revenue of $311K, expenses of $336K, and assets of $1.6M (revenue +1.4% year-over-year).
- 2021: Revenue of $307K, expenses of $363K, and assets of $1.7M (revenue +8.2% year-over-year).
- 2020: Revenue of $284K, expenses of $318K, and assets of $1.7M (revenue +2.8% year-over-year).
- 2019: Revenue of $276K, expenses of $317K, and assets of $1.8M (revenue +6.2% year-over-year).
- 2018: Revenue of $260K, expenses of $298K, and assets of $1.8M (revenue +12.2% year-over-year).
- 2017: Revenue of $232K, expenses of $274K, and assets of $1.8M (revenue +2.1% year-over-year).
- 2016: Revenue of $227K, expenses of $281K, and assets of $1.9M (revenue +42.3% year-over-year).
- 2015: Revenue of $160K, expenses of $279K, and assets of $1.9M (revenue -30.3% year-over-year).
- 2014: Revenue of $229K, expenses of $278K, and assets of $2.0M (revenue -15.8% year-over-year).
- 2013: Revenue of $272K, expenses of $327K, and assets of $2.1M (revenue +19.3% year-over-year).
- 2012: Revenue of $228K, expenses of $253K, and assets of $2.2M (revenue -8.6% year-over-year).
- 2011: Revenue of $249K, expenses of $265K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Luke Housing Ministry Inc:
Data Sources and Methodology
This transparency report for St Luke Housing Ministry 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.