Tex Elderly Housing
EIN: 581735261 · Duluth, GA
| Metric | Value |
|---|---|
| Total Revenue | $716K |
| Total Expenses | $842K |
| Net Assets | $2.4M |
Is Tex Elderly Housing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tex Elderly Housing
Tex Elderly Housing (EIN: 581735261) is a nonprofit organization based in Duluth, GA. The organization reported total revenue of $716K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tex Elderly Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tex Elderly Housing is a small nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $766K |
| Total Expenses | $842K |
| Surplus / Deficit | $-75,280 |
| Total Assets | $2.5M |
| Total Liabilities | $77K |
| Net Assets | $2.4M |
| Operating Margin | -9.8% |
| Debt-to-Asset Ratio | 3.1% |
| Months of Reserves | 35.7 months |
Financial Health Grade: B
In 2023, Tex Elderly Housing reported a deficit of $75K with expenses exceeding revenue, holds 35.7 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2023), Tex Elderly Housing's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.0% | -5.5% | -3.6% |
| 2022 | +19.2% | +16.6% | +0.2% |
| 2021 | +1.8% | +1.3% | -1.4% |
| 2020 | +11.6% | +9.8% | -6.1% |
| 2016 | +7.9% | +6.0% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tex Elderly Housing has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tex Elderly Housing with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.1%.
Frequently Asked Questions about Tex Elderly Housing
Is Tex Elderly Housing a legitimate charity?
Tex Elderly Housing (EIN: 581735261) is a registered tax-exempt nonprofit based in Georgia. It has 9 years of IRS 990 filings on record. Total revenue: $716K. No red flags identified. Financial health grade: B.
How does Tex Elderly Housing spend its money?
Tex Elderly Housing reported $716K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tex Elderly Housing tax-deductible?
Tex Elderly Housing is registered as a tax-exempt nonprofit (EIN: 581735261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tex Elderly Housing located?
Tex Elderly Housing is headquartered in Duluth, Georgia and files with the IRS under EIN 581735261.
How many years of IRS 990 filings does Tex Elderly Housing have?
Tex Elderly Housing has 9 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 $716K in total revenue.
Filing History
IRS 990 filing history for Tex Elderly Housing showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2023), Tex Elderly Housing's revenue has grown by 51.2%, moving from $507K to $766K. Total assets decreased by 16.5% over the same period, from $3.0M to $2.5M. Total functional expenses rose by 45.8%, from $577K to $842K. In its most recent filing year (2023), Tex Elderly Housing reported a deficit of $75K, with expenses exceeding revenue. The organization holds $77K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $766K | $842K | $2.5M | $77K | — | View 990 |
| 2022 | $852K | $891K | $2.6M | $94K | — | View 990 |
| 2021 | $715K | $764K | $2.6M | $50K | — | View 990 |
| 2020 | $702K | $755K | $2.6M | $39K | — | View 990 |
| 2016 | $629K | $687K | $2.8M | $61K | — | View 990 |
| 2015 | $583K | $648K | $2.8M | $52K | — | View 990 |
| 2014 | $560K | $621K | $2.9M | $32K | — | View 990 |
| 2013 | $527K | $569K | $3.0M | $33K | — | View 990 |
| 2012 | $507K | $577K | $3.0M | $34K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $766K, expenses of $842K, and assets of $2.5M (revenue -10.0% year-over-year).
- 2022: Revenue of $852K, expenses of $891K, and assets of $2.6M (revenue +19.2% year-over-year).
- 2021: Revenue of $715K, expenses of $764K, and assets of $2.6M (revenue +1.8% year-over-year).
- 2020: Revenue of $702K, expenses of $755K, and assets of $2.6M (revenue +11.6% year-over-year).
- 2016: Revenue of $629K, expenses of $687K, and assets of $2.8M (revenue +7.9% year-over-year).
- 2015: Revenue of $583K, expenses of $648K, and assets of $2.8M (revenue +4.0% year-over-year).
- 2014: Revenue of $560K, expenses of $621K, and assets of $2.9M (revenue +6.3% year-over-year).
- 2013: Revenue of $527K, expenses of $569K, and assets of $3.0M (revenue +4.0% year-over-year).
- 2012: Revenue of $507K, expenses of $577K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tex Elderly Housing:
Data Sources and Methodology
This transparency report for Tex Elderly Housing 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.