St William Apartments Inc
St William Apartments Inc consistently operates at a deficit with declining assets and liabilities exceeding assets.
EIN: 208199655 · Saint Louis, MO · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $456K |
| Total Expenses | $490K |
| Program Spending | 80% |
| Net Assets | $-1,084,057 |
| Transparency Score | 55/100 |
Is St William 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 William Apartments Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St William Apartments Inc
St William Apartments Inc (EIN: 208199655) is a nonprofit organization based in Saint Louis, MO. The organization reported total revenue of $456K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St William Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St William Apartments 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 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $408K |
| Total Expenses | $490K |
| Surplus / Deficit | $-82,438 |
| Total Assets | $3.6M |
| Total Liabilities | $4.7M |
| Net Assets | $-1,084,057 |
| Operating Margin | -20.2% |
| Debt-to-Asset Ratio | 130.1% |
| Months of Reserves | 88.1 months |
Financial Health Grade: C
In 2023, St William Apartments Inc reported a deficit of $82K with expenses exceeding revenue, holds 88.1 months of operating reserves (strong position), has a debt-to-asset ratio of 130.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), St William Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.6% | +0.6% | -2.1% |
| 2022 | +10.0% | -4.2% | -3.8% |
| 2021 | +1.3% | +16.6% | -2.9% |
| 2020 | +4.0% | +1.0% | -2.3% |
| 2019 | -12.3% | +1.9% | -2.6% |
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 William Apartments Inc with a Mission Score of 55 out of 100 (Fair). 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: 80%
- fundraising: 5%
According to IRS 990 filings, St William Apartments Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $82K, with expenses exceeding revenue.
- Debt-to-asset ratio: 130.1%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, suggesting either a volunteer-led organization or that executive compensation is categorized differently, which enhances transparency regarding direct leadership salaries.
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 William Apartments Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in every reported period).
- Declining asset base over the past decade (from $4,697,963 in 2014 to $3,601,793 in 2023).
- Liabilities consistently exceed assets, indicating a negative net asset position.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data.
Strengths
The following positive indicators were identified for St William Apartments Inc:
- No reported officer compensation, indicating efficient use of funds at the executive level or volunteer leadership.
- Maintains a significant asset base ($3,591,142 latest reported) despite operational deficits.
- Consistent filing history (12 filings) demonstrates compliance and transparency in reporting.
Frequently Asked Questions about St William Apartments Inc
Is St William Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St William Apartments Inc (EIN: 208199655) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does St William Apartments Inc spend its money?
St William Apartments Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St William Apartments Inc tax-deductible?
St William Apartments Inc is registered as a tax-exempt nonprofit (EIN: 208199655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St William Apartments Inc's spending goes to programs?
St William Apartments Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is St William Apartments Inc located?
St William Apartments Inc is headquartered in Saint Louis, Missouri and files with the IRS under EIN 208199655.
How many years of IRS 990 filings does St William Apartments Inc have?
St William Apartments 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 $456K in total revenue.
How does St William Apartments Inc cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, for example, $490,442 in expenses against $408,004 in revenue in 2023. This suggests they are either drawing down on existing assets, receiving non-operating income not detailed here, or relying on debt, as evidenced by liabilities consistently exceeding assets.
What is the long-term plan for addressing the declining asset base?
The organization's assets have steadily decreased from $4,697,963 in 2014 to $3,601,793 in 2023. This trend, coupled with persistent deficits, indicates a potential erosion of financial reserves, raising concerns about long-term sustainability.
What is the breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, which limits a full assessment of spending efficiency. Without this, it's difficult to determine how much of the spending directly supports their mission versus overhead.
Why do liabilities consistently exceed assets?
For every reported period, the organization's liabilities are greater than its assets, indicating a negative net asset position. For example, in 2023, liabilities were $4,685,850 against assets of $3,601,793. This suggests a significant reliance on debt or other obligations.
Is the organization primarily volunteer-run given the zero officer compensation?
The consistent reporting of 0% officer compensation across all filings strongly suggests that the organization may be primarily volunteer-led at the executive level, or that compensation is reported under a different category, which would require further investigation for full clarity.
Filing History
IRS 990 filing history for St William Apartments Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), St William Apartments Inc's revenue has grown by 66.9%, moving from $244K to $408K. Total assets decreased by 27.2% over the same period, from $4.9M to $3.6M. Total functional expenses rose by 41.7%, from $346K to $490K. In its most recent filing year (2023), St William Apartments Inc reported a deficit of $82K, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $3.6M in assets (debt-to-asset ratio: 130.1%), resulting in net assets of $-1,084,057.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $408K | $490K | $3.6M | $4.7M | — | View 990 |
| 2022 | $383K | $488K | $3.7M | $4.7M | — | View 990 |
| 2021 | $348K | $509K | $3.8M | $4.7M | — | View 990 |
| 2020 | $343K | $436K | $3.9M | $4.7M | — | View 990 |
| 2019 | $330K | $432K | $4.0M | $4.7M | — | View 990 |
| 2018 | $376K | $424K | $4.1M | $4.7M | — | View 990 |
| 2017 | $264K | $433K | $4.3M | $4.8M | — | View 990 |
| 2016 | $264K | $404K | $4.4M | $4.8M | — | View 990 |
| 2015 | $246K | $461K | $4.6M | $4.8M | — | View 990 |
| 2014 | $244K | $373K | $4.7M | $4.7M | — | View 990 |
| 2013 | $245K | $361K | $4.8M | $4.7M | — | View 990 |
| 2012 | $244K | $346K | $4.9M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $408K, expenses of $490K, and assets of $3.6M (revenue +6.6% year-over-year).
- 2022: Revenue of $383K, expenses of $488K, and assets of $3.7M (revenue +10.0% year-over-year).
- 2021: Revenue of $348K, expenses of $509K, and assets of $3.8M (revenue +1.3% year-over-year).
- 2020: Revenue of $343K, expenses of $436K, and assets of $3.9M (revenue +4.0% year-over-year).
- 2019: Revenue of $330K, expenses of $432K, and assets of $4.0M (revenue -12.3% year-over-year).
- 2018: Revenue of $376K, expenses of $424K, and assets of $4.1M (revenue +42.8% year-over-year).
- 2017: Revenue of $264K, expenses of $433K, and assets of $4.3M (revenue +-0.0% year-over-year).
- 2016: Revenue of $264K, expenses of $404K, and assets of $4.4M (revenue +7.3% year-over-year).
- 2015: Revenue of $246K, expenses of $461K, and assets of $4.6M (revenue +0.8% year-over-year).
- 2014: Revenue of $244K, expenses of $373K, and assets of $4.7M (revenue -0.4% year-over-year).
- 2013: Revenue of $245K, expenses of $361K, and assets of $4.8M (revenue +0.1% year-over-year).
- 2012: Revenue of $244K, expenses of $346K, and assets of $4.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St William Apartments Inc:
Data Sources and Methodology
This transparency report for St William 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.