Tcoa Elderly Housing Inc
Tcoa Elderly Housing Inc. faces significant financial volatility with recent large deficits and increasing liabilities.
EIN: 208043782 · Houma, LA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $481K |
| Total Expenses | $4.8M |
| Program Spending | 85% |
| Net Assets | $1.2M |
| Transparency Score | 70/100 |
Is Tcoa Elderly Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tcoa Elderly Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tcoa Elderly Housing Inc
Tcoa Elderly Housing Inc (EIN: 208043782) is a nonprofit organization based in Houma, LA, classified under NTEE code L22. The organization reported total revenue of $481K and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tcoa Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tcoa Elderly Housing Inc is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $4.8M |
| Surplus / Deficit | $-3,797,058 |
| Total Assets | $5.4M |
| Total Liabilities | $4.2M |
| Net Assets | $1.2M |
| Operating Margin | -372.6% |
| Debt-to-Asset Ratio | 78.2% |
| Months of Reserves | 13.4 months |
Financial Health Grade: C
In 2022, Tcoa Elderly Housing Inc reported a deficit of $3.8M with expenses exceeding revenue, holds 13.4 months of operating reserves (strong position), has a debt-to-asset ratio of 78.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Tcoa Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -59.5% | +79.0% | -15.9% |
| 2021 | +601.7% | +479.8% | +12.3% |
| 2020 | -2.8% | -1.9% | -2.1% |
| 2019 | +3.7% | +10.1% | -0.4% |
| 2018 | -1.2% | -2.1% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Tcoa Elderly Housing Inc with a Mission Score of 70 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, Tcoa Elderly Housing 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 78.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for minimizing administrative costs in this area.
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 Tcoa Elderly Housing Inc's IRS 990 filings:
- Significant operating deficits in multiple years, notably $3,797,058 in 2022 (Expenses $4,816,204 vs. Revenue $1,019,146).
- Substantial increase in liabilities in 2022 to $4,202,929, up from $1,421,916 in 2021.
- Declining asset base from $6,393,202 in 2021 to $5,377,157 in 2022, while liabilities increased.
Strengths
The following positive indicators were identified for Tcoa Elderly Housing Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating no executive pay.
- Long operational history with 12 filings available, suggesting established presence.
- Focus on elderly housing (NTEE L22) aligns with a clear community need.
Frequently Asked Questions about Tcoa Elderly Housing Inc
Is Tcoa Elderly Housing Inc a legitimate charity?
Tcoa Elderly Housing Inc (EIN: 208043782) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $481K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Tcoa Elderly Housing Inc spend its money?
Tcoa Elderly Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tcoa Elderly Housing Inc tax-deductible?
Tcoa Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 208043782). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tcoa Elderly Housing Inc's spending goes to programs?
Tcoa Elderly Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tcoa Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Tcoa Elderly Housing 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 Tcoa Elderly Housing Inc located?
Tcoa Elderly Housing Inc is headquartered in Houma, Louisiana and files with the IRS under EIN 208043782. It is classified under NTEE code L22.
How many years of IRS 990 filings does Tcoa Elderly Housing Inc have?
Tcoa Elderly Housing 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 $481K in total revenue.
What caused the significant increase in expenses and liabilities in 2022?
The 2022 filing shows expenses of $4,816,204, a substantial jump from $2,691,152 in 2021, and liabilities increased to $4,202,929 from $1,421,916. Understanding the nature of these expenditures and new liabilities is crucial for assessing financial health.
How does Tcoa Elderly Housing Inc. plan to address its recurring deficits?
With expenses frequently exceeding revenue, particularly in 2022 where expenses were nearly five times revenue, the organization needs a clear strategy to achieve financial sustainability.
What is the primary source of funding given the fluctuating revenue?
Revenue has varied wildly, from $200,593 in 2013 to $2,518,179 in 2021, and then down to $1,019,146 in 2022. Identifying stable and consistent funding streams is important.
Filing History
IRS 990 filing history for Tcoa Elderly Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Tcoa Elderly Housing Inc's revenue has grown by 399%, moving from $204K to $1.0M. Total assets decreased by 17.3% over the same period, from $6.5M to $5.4M. Total functional expenses rose by 1415.4%, from $318K to $4.8M. In its most recent filing year (2022), Tcoa Elderly Housing Inc reported a deficit of $3.8M, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $5.4M in assets (debt-to-asset ratio: 78.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.0M | $4.8M | $5.4M | $4.2M | — | View 990 |
| 2021 | $2.5M | $2.7M | $6.4M | $1.4M | — | View 990 |
| 2020 | $359K | $464K | $5.7M | $550K | — | View 990 |
| 2019 | $369K | $473K | $5.8M | $567K | — | View 990 |
| 2018 | $356K | $429K | $5.8M | $489K | — | View 990 |
| 2017 | $360K | $439K | $5.9M | $459K | — | View 990 |
| 2016 | $359K | $437K | $6.1M | $610K | — | View 990 |
| 2015 | $374K | $430K | $6.2M | $595K | — | View 990 |
| 2014 | $202K | $397K | $6.2M | $610K | — | View 990 |
| 2013 | $201K | $390K | $6.3M | $495K | — | View 990 |
| 2012 | $204K | $375K | $6.4M | $418K | — | View 990 |
| 2011 | $204K | $318K | $6.5M | $309K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.0M, expenses of $4.8M, and assets of $5.4M (revenue -59.5% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.7M, and assets of $6.4M (revenue +601.7% year-over-year).
- 2020: Revenue of $359K, expenses of $464K, and assets of $5.7M (revenue -2.8% year-over-year).
- 2019: Revenue of $369K, expenses of $473K, and assets of $5.8M (revenue +3.7% year-over-year).
- 2018: Revenue of $356K, expenses of $429K, and assets of $5.8M (revenue -1.2% year-over-year).
- 2017: Revenue of $360K, expenses of $439K, and assets of $5.9M (revenue +0.2% year-over-year).
- 2016: Revenue of $359K, expenses of $437K, and assets of $6.1M (revenue -3.8% year-over-year).
- 2015: Revenue of $374K, expenses of $430K, and assets of $6.2M (revenue +84.8% year-over-year).
- 2014: Revenue of $202K, expenses of $397K, and assets of $6.2M (revenue +0.8% year-over-year).
- 2013: Revenue of $201K, expenses of $390K, and assets of $6.3M (revenue -1.9% year-over-year).
- 2012: Revenue of $204K, expenses of $375K, and assets of $6.4M (revenue +0.1% year-over-year).
- 2011: Revenue of $204K, expenses of $318K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tcoa Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Tcoa Elderly Housing 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.