The Village Inc
The Village Inc faces persistent operational deficits and negative net assets, with liabilities exceeding assets by over $400,000 in 2023.
EIN: 204359670 · Decatur, AL · NTEE: L21 · Updated: 2026-03-28
Is The Village Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Village Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Village Inc
The Village Inc (EIN: 204359670) is a nonprofit organization based in Decatur, AL, classified under NTEE code L21. The organization reported total revenue of $77K and total assets of $865K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Village Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Village Inc is a micro nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $71K |
| Total Expenses | $109K |
| Surplus / Deficit | $-38,012 |
| Total Assets | $883K |
| Total Liabilities | $1.3M |
| Net Assets | $-413,127 |
| Operating Margin | -53.7% |
| Debt-to-Asset Ratio | 146.8% |
| Months of Reserves | 97.4 months |
Financial Health Grade: C
In 2023, The Village Inc reported a deficit of $38K with expenses exceeding revenue, holds 97.4 months of operating reserves (strong position), has a debt-to-asset ratio of 146.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Village Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.4% | +3.1% | -4.0% |
| 2022 | +11.3% | +8.9% | -2.2% |
| 2021 | +3.0% | +0.8% | -2.8% |
| 2020 | -4.6% | +6.9% | -3.1% |
| 2019 | +14.2% | -1.0% | -2.5% |
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 The Village Inc with a Mission Score of 45 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Village Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 146.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization with consistent expenses and suggests volunteer leadership or compensation is reported under other categories.
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 Village Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in every reported year).
- Negative net asset position (liabilities consistently exceed assets).
- Declining asset base over the past decade (from $1,127,900 in 2014 to $882,601 in 2023).
- High liabilities relative to revenue and assets (e.g., $1.29M liabilities vs. $70K revenue in 2023).
- Lack of detailed expense breakdown to assess program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for The Village Inc:
- No reported officer compensation, indicating potential volunteer leadership or highly efficient executive cost management.
- Long operational history with 13 filings, suggesting resilience despite financial challenges.
Frequently Asked Questions about The Village Inc
Is The Village Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Village Inc (EIN: 204359670) significant concerns. Mission Score: 45/100. 5 red flags identified, 2 strengths noted.
How does The Village Inc spend its money?
The Village Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Village Inc tax-deductible?
The Village Inc is registered as a tax-exempt nonprofit (EIN: 204359670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Village Inc cover its consistent operational deficits?
The organization consistently spends more than it earns, with expenses exceeding revenue by $38,012 in 2023. This suggests a reliance on drawing down assets, increasing liabilities, or utilizing restricted funds, which is not sustainable long-term.
What is the nature of the organization's significant liabilities?
With liabilities consistently over $1.2 million and significantly exceeding assets (e.g., $1,295,728 liabilities vs. $882,601 assets in 2023), understanding the composition of these liabilities (e.g., mortgages, loans, program-related payables) is crucial for assessing financial risk.
Why is officer compensation consistently reported as 0%?
While 0% officer compensation can indicate volunteer leadership, it's unusual for an organization with consistent expenses. It raises questions about how leadership is compensated, if at all, or if compensation is reported under other expense categories.
What specific programs does The Village Inc operate given its NTEE code L21 (Housing/Shelter)?
Given the NTEE code L21, the organization likely provides housing or shelter services. A detailed breakdown of program activities and their associated costs would provide better insight into its mission impact.
What is the plan to address the declining asset base and negative net assets?
The organization's assets have declined from $1,127,900 in 2014 to $882,601 in 2023, while liabilities have remained high. A clear strategy for revenue generation, expense management, and asset growth is critical for long-term viability.
Filing History
IRS 990 filing history for The Village Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Village Inc's revenue has grown by 59.2%, moving from $44K to $71K. Total assets decreased by 27% over the same period, from $1.2M to $883K. Total functional expenses rose by 36.5%, from $80K to $109K. In its most recent filing year (2023), The Village Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $883K in assets (debt-to-asset ratio: 146.8%), resulting in net assets of $-413,127.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $71K | $109K | $883K | $1.3M | — | — |
| 2022 | $76K | $106K | $920K | $1.3M | — | View 990 |
| 2021 | $68K | $97K | $940K | $1.3M | — | — |
| 2020 | $66K | $96K | $967K | $1.3M | — | View 990 |
| 2019 | $69K | $90K | $998K | $1.3M | — | View 990 |
| 2018 | $61K | $91K | $1.0M | $1.3M | — | View 990 |
| 2017 | $60K | $90K | $1.0M | $1.3M | — | View 990 |
| 2016 | $57K | $90K | $1.1M | $1.3M | — | View 990 |
| 2015 | $55K | $90K | $1.1M | $1.3M | — | View 990 |
| 2014 | $55K | $85K | $1.1M | $1.3M | — | View 990 |
| 2013 | $57K | $86K | $1.2M | $1.3M | — | View 990 |
| 2012 | $57K | $80K | $1.2M | $1.3M | — | View 990 |
| 2011 | $44K | $80K | $1.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $71K, expenses of $109K, and assets of $883K (revenue -6.4% year-over-year).
- 2022: Revenue of $76K, expenses of $106K, and assets of $920K (revenue +11.3% year-over-year).
- 2021: Revenue of $68K, expenses of $97K, and assets of $940K (revenue +3.0% year-over-year).
- 2020: Revenue of $66K, expenses of $96K, and assets of $967K (revenue -4.6% year-over-year).
- 2019: Revenue of $69K, expenses of $90K, and assets of $998K (revenue +14.2% year-over-year).
- 2018: Revenue of $61K, expenses of $91K, and assets of $1.0M (revenue +0.7% year-over-year).
- 2017: Revenue of $60K, expenses of $90K, and assets of $1.0M (revenue +5.3% year-over-year).
- 2016: Revenue of $57K, expenses of $90K, and assets of $1.1M (revenue +3.2% year-over-year).
- 2015: Revenue of $55K, expenses of $90K, and assets of $1.1M (revenue +1.1% year-over-year).
- 2014: Revenue of $55K, expenses of $85K, and assets of $1.1M (revenue -3.7% year-over-year).
- 2013: Revenue of $57K, expenses of $86K, and assets of $1.2M (revenue +0.1% year-over-year).
- 2012: Revenue of $57K, expenses of $80K, and assets of $1.2M (revenue +27.5% year-over-year).
- 2011: Revenue of $44K, expenses of $80K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Village Inc:
Data Sources and Methodology
This transparency report for The Village 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.