Thomaston Elderly Housing Inc
EIN: 581710690 · Duluth, GA · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $600K |
| Total Expenses | $474K |
| Net Assets | $-385,214 |
Is Thomaston Elderly Housing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Thomaston Elderly Housing Inc
Thomaston Elderly Housing Inc (EIN: 581710690) is a nonprofit organization based in Duluth, GA, classified under NTEE code L22Z. The organization reported total revenue of $600K and total assets of $503K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomaston Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomaston Elderly Housing Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $572K |
| Total Expenses | $474K |
| Surplus / Deficit | +$97K |
| Total Assets | $463K |
| Total Liabilities | $848K |
| Net Assets | $-385,214 |
| Operating Margin | 17.0% |
| Debt-to-Asset Ratio | 183.2% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Thomaston Elderly Housing Inc reported a surplus of $97K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 183.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thomaston Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | -1.1% | +6.9% |
| 2022 | +2.4% | +0.4% | +1.7% |
| 2021 | +2.0% | -3.3% | +3.1% |
| 2020 | +2.0% | -3.8% | -4.1% |
| 2019 | +1.9% | -0.1% | -10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Thomaston Elderly Housing Inc 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 Thomaston Elderly Housing Inc 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 surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 183.2%.
Frequently Asked Questions about Thomaston Elderly Housing Inc
Is Thomaston Elderly Housing Inc a legitimate charity?
Thomaston Elderly Housing Inc (EIN: 581710690) is a registered tax-exempt nonprofit based in Georgia. It has 13 years of IRS 990 filings on record. Total revenue: $600K. No red flags identified. Financial health grade: A.
How does Thomaston Elderly Housing Inc spend its money?
Thomaston Elderly Housing Inc reported $600K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Thomaston Elderly Housing Inc tax-deductible?
Thomaston Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 581710690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Thomaston Elderly Housing Inc located?
Thomaston Elderly Housing Inc is headquartered in Duluth, Georgia and files with the IRS under EIN 581710690. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Thomaston Elderly Housing Inc have?
Thomaston Elderly Housing 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 $600K in total revenue.
Filing History
IRS 990 filing history for Thomaston Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thomaston Elderly Housing Inc's revenue has grown by 23.9%, moving from $461K to $572K. Total assets decreased by 42.8% over the same period, from $810K to $463K. Total functional expenses fell by 3.8%, from $493K to $474K. In its most recent filing year (2023), Thomaston Elderly Housing Inc reported a surplus of $97K, with revenue exceeding expenses. The organization holds $848K in liabilities against $463K in assets (debt-to-asset ratio: 183.2%), resulting in net assets of $-385,214.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $572K | $474K | $463K | $848K | — | — |
| 2022 | $555K | $480K | $433K | $916K | — | View 990 |
| 2021 | $542K | $478K | $426K | $984K | — | View 990 |
| 2020 | $531K | $494K | $413K | $1.0M | — | — |
| 2019 | $521K | $514K | $431K | $1.1M | — | View 990 |
| 2018 | $511K | $514K | $484K | $1.1M | — | View 990 |
| 2017 | $498K | $494K | $520K | $1.2M | — | View 990 |
| 2016 | $493K | $514K | $549K | $1.2M | — | View 990 |
| 2015 | $488K | $510K | $615K | $1.3M | — | View 990 |
| 2014 | $472K | $491K | $668K | $1.3M | — | View 990 |
| 2013 | $470K | $483K | $725K | $1.3M | — | View 990 |
| 2012 | $467K | $477K | $765K | $1.4M | — | View 990 |
| 2011 | $461K | $493K | $810K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $572K, expenses of $474K, and assets of $463K (revenue +3.0% year-over-year).
- 2022: Revenue of $555K, expenses of $480K, and assets of $433K (revenue +2.4% year-over-year).
- 2021: Revenue of $542K, expenses of $478K, and assets of $426K (revenue +2.0% year-over-year).
- 2020: Revenue of $531K, expenses of $494K, and assets of $413K (revenue +2.0% year-over-year).
- 2019: Revenue of $521K, expenses of $514K, and assets of $431K (revenue +1.9% year-over-year).
- 2018: Revenue of $511K, expenses of $514K, and assets of $484K (revenue +2.7% year-over-year).
- 2017: Revenue of $498K, expenses of $494K, and assets of $520K (revenue +0.9% year-over-year).
- 2016: Revenue of $493K, expenses of $514K, and assets of $549K (revenue +1.1% year-over-year).
- 2015: Revenue of $488K, expenses of $510K, and assets of $615K (revenue +3.4% year-over-year).
- 2014: Revenue of $472K, expenses of $491K, and assets of $668K (revenue +0.3% year-over-year).
- 2013: Revenue of $470K, expenses of $483K, and assets of $725K (revenue +0.6% year-over-year).
- 2012: Revenue of $467K, expenses of $477K, and assets of $765K (revenue +1.3% year-over-year).
- 2011: Revenue of $461K, expenses of $493K, and assets of $810K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomaston Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Thomaston 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.