St Timothy Park Apartments Inc
St Timothy Park Apartments Inc consistently reports no officer compensation, maintaining stable operations despite fluctuating annual revenues.
EIN: 204499264 · Cuyahoga Fls, OH · NTEE: L22 · Updated: 2026-03-28
Is St Timothy Park Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Timothy Park Apartments Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Timothy Park Apartments Inc
St Timothy Park Apartments Inc (EIN: 204499264) is a nonprofit organization based in Cuyahoga Fls, OH, classified under NTEE code L22. The organization reported total revenue of $447K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Timothy Park Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates St Timothy Park Apartments Inc with a Mission Score of 85 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, St Timothy Park Apartments Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported at 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through an external management agreement, which is highly efficient for an organization of its size with assets over $2.5 million.
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 Timothy Park Apartments Inc's IRS 990 filings:
- Expenses exceeded revenue in recent years (e.g., 2023 expenses $525,238 vs. revenue $386,899), potentially indicating reliance on reserves or other funding sources.
Strengths
The following positive indicators were identified for St Timothy Park Apartments Inc:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Low and stable liabilities relative to assets, suggesting sound financial management.
- Likely high program spending ratio given the nature of its NTEE code (L22 - Low-Income Housing) and lack of officer compensation.
- Long filing history (13 filings) demonstrates sustained operation and compliance.
Frequently Asked Questions about St Timothy Park Apartments Inc
Is St Timothy Park Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Timothy Park Apartments Inc (EIN: 204499264) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does St Timothy Park Apartments Inc spend its money?
St Timothy Park Apartments Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Timothy Park Apartments Inc tax-deductible?
St Timothy Park Apartments Inc is registered as a tax-exempt nonprofit (EIN: 204499264). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is St Timothy Park Apartments Inc a good charity?
Based on the available IRS 990 data, St Timothy Park Apartments Inc appears to be a good charity, particularly due to its consistent 0% officer compensation and likely high program spending efficiency, typical for its NTEE code L22 (Low-Income Housing).
How does St Timothy Park Apartments Inc manage its executive leadership without compensation?
The consistent reporting of 0% officer compensation suggests that the organization's executive leadership is either entirely volunteer-based or that executive services are provided by an external entity, with compensation not directly reported on the organization's 990 as officer compensation.
What caused the decline in assets from 2014 to 2023?
The decline in assets from $3,249,646 in 2014 to $2,537,294 in 2023 is common for organizations managing physical property, likely due to accumulated depreciation of buildings and other fixed assets over time.
Filing History
IRS 990 filing history for St Timothy Park Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Timothy Park Apartments Inc's revenue has grown by 37.1%, moving from $282K to $387K. Total assets decreased by 29.2% over the same period, from $3.6M to $2.5M. Total functional expenses rose by 32.8%, from $395K to $525K. In its most recent filing year (2023), St Timothy Park Apartments Inc reported a deficit of $138K, with expenses exceeding revenue. The organization holds $159K in liabilities against $2.5M in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $387K | $525K | $2.5M | $159K | — | View 990 |
| 2022 | $400K | $455K | $2.7M | $136K | — | View 990 |
| 2021 | $397K | $471K | $2.7M | $107K | — | View 990 |
| 2020 | $372K | $431K | $2.7M | $96K | — | View 990 |
| 2019 | $373K | $445K | $2.8M | $79K | — | View 990 |
| 2018 | $368K | $434K | $2.8M | $75K | — | View 990 |
| 2017 | $350K | $421K | $2.9M | $77K | — | View 990 |
| 2016 | $326K | $412K | $3.1M | $60K | — | View 990 |
| 2015 | $321K | $405K | $3.2M | $84K | — | View 990 |
| 2014 | $322K | $426K | $3.2M | $82K | — | View 990 |
| 2013 | $324K | $393K | $3.4M | $97K | — | View 990 |
| 2012 | $316K | $422K | $3.5M | $158K | — | View 990 |
| 2011 | $282K | $395K | $3.6M | $138K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $387K, expenses of $525K, and assets of $2.5M (revenue -3.4% year-over-year).
- 2022: Revenue of $400K, expenses of $455K, and assets of $2.7M (revenue +0.9% year-over-year).
- 2021: Revenue of $397K, expenses of $471K, and assets of $2.7M (revenue +6.7% year-over-year).
- 2020: Revenue of $372K, expenses of $431K, and assets of $2.7M (revenue -0.3% year-over-year).
- 2019: Revenue of $373K, expenses of $445K, and assets of $2.8M (revenue +1.5% year-over-year).
- 2018: Revenue of $368K, expenses of $434K, and assets of $2.8M (revenue +5.1% year-over-year).
- 2017: Revenue of $350K, expenses of $421K, and assets of $2.9M (revenue +7.5% year-over-year).
- 2016: Revenue of $326K, expenses of $412K, and assets of $3.1M (revenue +1.3% year-over-year).
- 2015: Revenue of $321K, expenses of $405K, and assets of $3.2M (revenue -0.1% year-over-year).
- 2014: Revenue of $322K, expenses of $426K, and assets of $3.2M (revenue -0.6% year-over-year).
- 2013: Revenue of $324K, expenses of $393K, and assets of $3.4M (revenue +2.5% year-over-year).
- 2012: Revenue of $316K, expenses of $422K, and assets of $3.5M (revenue +12.0% year-over-year).
- 2011: Revenue of $282K, expenses of $395K, and assets of $3.6M.
Data Sources and Methodology
This transparency report for St Timothy Park 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.