St Monica Gardens Inc
St Monica Gardens Inc. faces persistent operational deficits, drawing down assets to cover expenses.
EIN: 208197409 · Miami, FL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $969K |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| Net Assets | $8.1M |
| Transparency Score | 60/100 |
Is St Monica Gardens Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Monica Gardens Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Monica Gardens Inc
St Monica Gardens Inc (EIN: 208197409) is a nonprofit organization based in Miami, FL. The organization reported total revenue of $969K and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Monica Gardens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Monica Gardens Inc is a small nonprofit that has been operating for 80 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $891K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-208,707 |
| Total Assets | $8.1M |
| Total Liabilities | $71K |
| Net Assets | $8.1M |
| Operating Margin | -23.4% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 88.8 months |
Financial Health Grade: B
In 2023, St Monica Gardens Inc reported a deficit of $209K with expenses exceeding revenue, holds 88.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), St Monica Gardens Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | +3.1% | -2.6% |
| 2022 | +7.5% | +3.1% | -2.3% |
| 2021 | +7.0% | +5.4% | -2.6% |
| 2020 | +7.0% | +0.2% | -2.5% |
| 2019 | +3.1% | +6.9% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Monica Gardens Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, St Monica Gardens Inc 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 $209K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.9%.
Executive Compensation Analysis
Executive compensation is reported at 0% across all filings, indicating that no officers received compensation, which is a positive for resource allocation relative to the organization's size and revenue.
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 Monica Gardens Inc's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in every reported year, indicating an unsustainable financial model.
- Declining asset base: Assets have decreased by over $2 million since 2014, suggesting the organization is liquidating reserves to cover costs.
- Lack of detailed expense breakdown: Without specific program, administrative, and fundraising expense figures, it's difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for St Monica Gardens Inc:
- No officer compensation: This indicates that executive leadership is not drawing salaries from the organization, maximizing funds for mission-related activities.
- Low liabilities: The organization maintains a relatively low level of liabilities, suggesting prudent debt management.
- Consistent IRS 990 filings: A long history of filings demonstrates transparency and compliance with regulatory requirements.
Frequently Asked Questions about St Monica Gardens Inc
Is St Monica Gardens Inc a legitimate charity?
St Monica Gardens Inc (EIN: 208197409) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 60/100. It has 12 years of IRS 990 filings on record. Total revenue: $969K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does St Monica Gardens Inc spend its money?
St Monica Gardens Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to St Monica Gardens Inc tax-deductible?
St Monica Gardens Inc is registered as a tax-exempt nonprofit (EIN: 208197409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Monica Gardens Inc's spending goes to programs?
St Monica Gardens Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is St Monica Gardens Inc located?
St Monica Gardens Inc is headquartered in Miami, Florida and files with the IRS under EIN 208197409.
How many years of IRS 990 filings does St Monica Gardens Inc have?
St Monica Gardens Inc has 12 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 $969K in total revenue.
Is St Monica Gardens Inc. financially sustainable in the long term?
The organization has consistently operated at a deficit for over a decade, with expenses exceeding revenue in every reported period. This trend has led to a significant decline in assets, from over $10 million in 2014 to $7.99 million currently. Without a change in financial strategy, long-term sustainability is questionable as assets continue to deplete.
How does St Monica Gardens Inc. cover its operational deficits?
The consistent decline in assets, from $10,212,311 in 2014 to $7,996,572 currently, suggests that the organization is covering its operational deficits by drawing down its reserves and existing assets.
What is the trend in the organization's revenue and expenses?
Both revenue and expenses have generally increased over the past decade, but expenses have consistently outpaced revenue. For example, in 2014, revenue was $584,793 against expenses of $851,638, and in 2023, revenue was $890,608 against expenses of $1,099,315, showing a persistent gap.
What is the organization's liability situation?
Liabilities have remained relatively low and stable over the years, ranging from $49,396 in 2014 to $70,956 in 2023, indicating that the organization is not accumulating significant debt despite its operational deficits.
Filing History
IRS 990 filing history for St Monica Gardens Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), St Monica Gardens Inc's revenue has grown by 62.6%, moving from $548K to $891K. Total assets decreased by 24% over the same period, from $10.7M to $8.1M. Total functional expenses rose by 36.9%, from $803K to $1.1M. In its most recent filing year (2023), St Monica Gardens Inc reported a deficit of $209K, with expenses exceeding revenue. The organization holds $71K in liabilities against $8.1M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $8.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $891K | $1.1M | $8.1M | $71K | — | View 990 |
| 2022 | $864K | $1.1M | $8.4M | $79K | — | View 990 |
| 2021 | $803K | $1.0M | $8.6M | $74K | — | View 990 |
| 2020 | $751K | $981K | $8.8M | $68K | — | View 990 |
| 2019 | $702K | $979K | $9.0M | $59K | — | View 990 |
| 2018 | $681K | $916K | $9.3M | $50K | — | View 990 |
| 2017 | $667K | $874K | $9.5M | $66K | — | View 990 |
| 2016 | $653K | $903K | $9.7M | $53K | — | View 990 |
| 2015 | $619K | $874K | $10.0M | $88K | — | View 990 |
| 2014 | $585K | $852K | $10.2M | $49K | — | View 990 |
| 2013 | $578K | $808K | $10.5M | $43K | — | View 990 |
| 2012 | $548K | $803K | $10.7M | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $891K, expenses of $1.1M, and assets of $8.1M (revenue +3.1% year-over-year).
- 2022: Revenue of $864K, expenses of $1.1M, and assets of $8.4M (revenue +7.5% year-over-year).
- 2021: Revenue of $803K, expenses of $1.0M, and assets of $8.6M (revenue +7.0% year-over-year).
- 2020: Revenue of $751K, expenses of $981K, and assets of $8.8M (revenue +7.0% year-over-year).
- 2019: Revenue of $702K, expenses of $979K, and assets of $9.0M (revenue +3.1% year-over-year).
- 2018: Revenue of $681K, expenses of $916K, and assets of $9.3M (revenue +2.0% year-over-year).
- 2017: Revenue of $667K, expenses of $874K, and assets of $9.5M (revenue +2.1% year-over-year).
- 2016: Revenue of $653K, expenses of $903K, and assets of $9.7M (revenue +5.5% year-over-year).
- 2015: Revenue of $619K, expenses of $874K, and assets of $10.0M (revenue +5.9% year-over-year).
- 2014: Revenue of $585K, expenses of $852K, and assets of $10.2M (revenue +1.1% year-over-year).
- 2013: Revenue of $578K, expenses of $808K, and assets of $10.5M (revenue +5.5% year-over-year).
- 2012: Revenue of $548K, expenses of $803K, and assets of $10.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Monica Gardens Inc:
Data Sources and Methodology
This transparency report for St Monica Gardens 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.