The Legacy Willow Bend Inc
The Legacy Willow Bend Inc. consistently operates with substantial liabilities, though recent revenues cover expenses.
EIN: 202803956 · Plano, TX · NTEE: P75 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $26.6M |
| Total Expenses | $27.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $-27,385,306 |
| Transparency Score | 70/100 |
Is The Legacy Willow Bend Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Legacy Willow Bend Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Legacy Willow Bend Inc
The Legacy Willow Bend Inc (EIN: 202803956) is a nonprofit organization based in Plano, TX, classified under NTEE code P75. The organization reported total revenue of $26.6M and total assets of $76.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Legacy Willow Bend Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Legacy Willow Bend Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.3M |
| Total Expenses | $27.4M |
| Surplus / Deficit | +$838K |
| Total Assets | $74.1M |
| Total Liabilities | $101.5M |
| Net Assets | $-27,385,306 |
| Operating Margin | 3.0% |
| Debt-to-Asset Ratio | 137.0% |
| Months of Reserves | 32.4 months |
Financial Health Grade: A
In 2023, The Legacy Willow Bend Inc reported a surplus of $838K with revenue exceeding expenses, holds 32.4 months of operating reserves (strong position), has a debt-to-asset ratio of 137.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Legacy Willow Bend Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.2% | +3.6% | +2.0% |
| 2022 | +12.6% | +16.3% | -5.5% |
| 2021 | -7.7% | -2.9% | -5.4% |
| 2020 | +3.2% | +7.5% | -2.7% |
| 2019 | +2.7% | +4.6% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 The Legacy Willow Bend 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, The Legacy Willow Bend Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $838K, with revenue exceeding expenses.
- Debt-to-asset ratio: 137.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with annual revenues exceeding $20 million. This suggests executive compensation may be reported differently or paid by a related entity, requiring deeper scrutiny for a complete understanding of leadership costs.
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 The Legacy Willow Bend Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is atypical for an organization of this size and revenue, potentially obscuring executive pay details.
- Liabilities consistently exceed assets by a significant margin, indicating a high level of debt financing.
Strengths
The following positive indicators were identified for The Legacy Willow Bend Inc:
- Consistent revenue generation, with the latest filing showing revenue of $28,255,084.
- Recent positive operating margin in 2023, with revenue exceeding expenses.
- Long operational history with 13 filings, indicating stability and established presence.
Frequently Asked Questions about The Legacy Willow Bend Inc
Is The Legacy Willow Bend Inc a legitimate charity?
The Legacy Willow Bend Inc (EIN: 202803956) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $26.6M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does The Legacy Willow Bend Inc spend its money?
The Legacy Willow Bend Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to The Legacy Willow Bend Inc tax-deductible?
The Legacy Willow Bend Inc is registered as a tax-exempt nonprofit (EIN: 202803956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Legacy Willow Bend Inc CEO make?
The Legacy Willow Bend Inc's highest-compensated officer earns $20 annually. The organization reported $26.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Legacy Willow Bend Inc's spending goes to programs?
The Legacy Willow Bend Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Legacy Willow Bend Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), The Legacy Willow Bend Inc is above average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Legacy Willow Bend Inc located?
The Legacy Willow Bend Inc is headquartered in Plano, Texas and files with the IRS under EIN 202803956. It is classified under NTEE code P75.
How many years of IRS 990 filings does The Legacy Willow Bend Inc have?
The Legacy Willow Bend Inc has 13 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 $26.6M in total revenue.
How does The Legacy Willow Bend Inc. manage its significant liabilities, which consistently exceed its assets?
The organization's financial statements consistently show liabilities, such as $101,450,632 in 2023, significantly higher than its assets, $74,065,326 in the same year. This structure is typical for organizations with substantial long-term debt, likely related to the financing of its continuing care retirement community facilities. Further analysis of the balance sheet would be needed to understand the nature and terms of these liabilities.
Why is officer compensation consistently reported as 0% across all available filings?
The consistent reporting of 0% for officer compensation on the IRS 990 filings for an organization with over $20 million in annual revenue is highly unusual. This could indicate that executive compensation is paid by a related organization, not directly by The Legacy Willow Bend Inc., or is categorized differently within the financial statements. This warrants further investigation to understand the full compensation structure for its leadership.
What is the long-term trend of the organization's operating margin?
Over the past decade, the organization has frequently experienced periods where expenses exceeded revenue (e.g., 2022: $26.4M expenses vs. $22.3M revenue). However, the most recent filing (2023) shows a positive operating margin with revenue of $28.2M exceeding expenses of $27.4M. This suggests a fluctuating but generally tight operating margin, with recent improvements.
Filing History
IRS 990 filing history for The Legacy Willow Bend Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Legacy Willow Bend Inc's revenue has grown by 54.1%, moving from $18.3M to $28.3M. Total assets decreased by 20.5% over the same period, from $93.2M to $74.1M. Total functional expenses rose by 37.6%, from $19.9M to $27.4M. In its most recent filing year (2023), The Legacy Willow Bend Inc reported a surplus of $838K, with revenue exceeding expenses. The organization holds $101.5M in liabilities against $74.1M in assets (debt-to-asset ratio: 137.0%), resulting in net assets of $-27,385,306.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.3M | $27.4M | $74.1M | $101.5M | — | — |
| 2022 | $22.4M | $26.5M | $72.6M | $100.7M | — | View 990 |
| 2021 | $19.9M | $22.8M | $76.8M | $98.7M | — | View 990 |
| 2020 | $21.6M | $23.4M | $81.2M | $101.9M | — | — |
| 2019 | $20.9M | $21.8M | $83.5M | $103.0M | — | View 990 |
| 2018 | $20.3M | $20.8M | $84.1M | $101.2M | — | View 990 |
| 2017 | $20.6M | $20.0M | $85.1M | $101.3M | — | View 990 |
| 2016 | $21.6M | $20.7M | $82.8M | $99.0M | — | View 990 |
| 2015 | $19.6M | $21.0M | $89.7M | $102.5M | — | View 990 |
| 2014 | $4.1M | $4.0M | $3.0M | $98K | — | View 990 |
| 2013 | $18.5M | $19.5M | $94.3M | $103.5M | — | View 990 |
| 2012 | $18.6M | $19.2M | $93.9M | $102.5M | — | View 990 |
| 2011 | $18.3M | $19.9M | $93.2M | $101.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.3M, expenses of $27.4M, and assets of $74.1M (revenue +26.2% year-over-year).
- 2022: Revenue of $22.4M, expenses of $26.5M, and assets of $72.6M (revenue +12.6% year-over-year).
- 2021: Revenue of $19.9M, expenses of $22.8M, and assets of $76.8M (revenue -7.7% year-over-year).
- 2020: Revenue of $21.6M, expenses of $23.4M, and assets of $81.2M (revenue +3.2% year-over-year).
- 2019: Revenue of $20.9M, expenses of $21.8M, and assets of $83.5M (revenue +2.7% year-over-year).
- 2018: Revenue of $20.3M, expenses of $20.8M, and assets of $84.1M (revenue -1.2% year-over-year).
- 2017: Revenue of $20.6M, expenses of $20.0M, and assets of $85.1M (revenue -4.5% year-over-year).
- 2016: Revenue of $21.6M, expenses of $20.7M, and assets of $82.8M (revenue +10.2% year-over-year).
- 2015: Revenue of $19.6M, expenses of $21.0M, and assets of $89.7M (revenue +372.0% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.0M, and assets of $3.0M (revenue -77.6% year-over-year).
- 2013: Revenue of $18.5M, expenses of $19.5M, and assets of $94.3M (revenue -0.4% year-over-year).
- 2012: Revenue of $18.6M, expenses of $19.2M, and assets of $93.9M (revenue +1.2% year-over-year).
- 2011: Revenue of $18.3M, expenses of $19.9M, and assets of $93.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Legacy Willow Bend Inc:
Data Sources and Methodology
This transparency report for The Legacy Willow Bend 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.