Threshold Residential Services Inc
EIN: 341224885 · E Palestine, OH · NTEE: L99Z
| Metric | Value |
|---|---|
| Total Revenue | $7.0M |
| Total Expenses | $5.3M |
| Net Assets | $5.8M |
Is Threshold Residential Services Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Threshold Residential Services Inc
Threshold Residential Services Inc (EIN: 341224885) is a nonprofit organization based in E Palestine, OH, classified under NTEE code L99Z. The organization reported total revenue of $7.0M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Threshold Residential Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Threshold Residential Services Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-130,481 |
| Total Assets | $6.3M |
| Total Liabilities | $489K |
| Net Assets | $5.8M |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 7.8% |
| Months of Reserves | 14.2 months |
Financial Health Grade: B
In 2023, Threshold Residential Services Inc reported a deficit of $130K with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 7.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Threshold Residential Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | +0.3% | +2.5% |
| 2022 | -16.8% | +1.0% | +8.6% |
| 2021 | +29.0% | -2.3% | +29.9% |
| 2020 | +9.8% | +1.7% | +26.8% |
| 2019 | +7.3% | +3.1% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1980 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Threshold Residential Services 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 Threshold Residential Services 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 deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.8%.
Frequently Asked Questions about Threshold Residential Services Inc
Is Threshold Residential Services Inc a legitimate charity?
Threshold Residential Services Inc (EIN: 341224885) is a registered tax-exempt nonprofit based in Ohio. It has 13 years of IRS 990 filings on record. Total revenue: $7.0M. No red flags identified. Financial health grade: B.
How does Threshold Residential Services Inc spend its money?
Threshold Residential Services Inc reported $7.0M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Threshold Residential Services Inc tax-deductible?
Threshold Residential Services Inc is registered as a tax-exempt nonprofit (EIN: 341224885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Threshold Residential Services Inc located?
Threshold Residential Services Inc is headquartered in E Palestine, Ohio and files with the IRS under EIN 341224885. It is classified under NTEE code L99Z.
How many years of IRS 990 filings does Threshold Residential Services Inc have?
Threshold Residential Services 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 $7.0M in total revenue.
Filing History
IRS 990 filing history for Threshold Residential Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Threshold Residential Services Inc's revenue has grown by 22.2%, moving from $4.2M to $5.2M. Total assets increased by 94% over the same period, from $3.2M to $6.3M. Total functional expenses rose by 29.9%, from $4.1M to $5.3M. In its most recent filing year (2023), Threshold Residential Services Inc reported a deficit of $130K, with expenses exceeding revenue. The organization holds $489K in liabilities against $6.3M in assets (debt-to-asset ratio: 7.8%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.3M | $6.3M | $489K | — | View 990 |
| 2022 | $6.1M | $5.3M | $6.1M | $334K | — | View 990 |
| 2021 | $7.3M | $5.2M | $5.7M | $294K | — | View 990 |
| 2020 | $5.7M | $5.4M | $4.4M | $1.1M | — | View 990 |
| 2019 | $5.2M | $5.3M | $3.4M | $428K | — | View 990 |
| 2018 | $4.8M | $5.1M | $3.4M | $357K | — | View 990 |
| 2017 | $4.9M | $5.0M | $3.7M | $312K | — | View 990 |
| 2016 | $4.9M | $4.8M | $3.9M | $317K | — | View 990 |
| 2015 | $4.7M | $4.3M | $3.9M | $362K | — | View 990 |
| 2014 | $4.5M | $4.4M | $4.0M | $228K | — | View 990 |
| 2013 | $4.6M | $4.1M | $3.8M | $188K | — | View 990 |
| 2012 | $4.2M | $4.1M | $3.3M | $195K | — | View 990 |
| 2011 | $4.2M | $4.1M | $3.2M | $206K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.3M, and assets of $6.3M (revenue -14.7% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.3M, and assets of $6.1M (revenue -16.8% year-over-year).
- 2021: Revenue of $7.3M, expenses of $5.2M, and assets of $5.7M (revenue +29.0% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.4M, and assets of $4.4M (revenue +9.8% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.3M, and assets of $3.4M (revenue +7.3% year-over-year).
- 2018: Revenue of $4.8M, expenses of $5.1M, and assets of $3.4M (revenue -1.6% year-over-year).
- 2017: Revenue of $4.9M, expenses of $5.0M, and assets of $3.7M (revenue +0.6% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.8M, and assets of $3.9M (revenue +2.2% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.3M, and assets of $3.9M (revenue +4.7% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.4M, and assets of $4.0M (revenue -0.6% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.1M, and assets of $3.8M (revenue +8.5% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.1M, and assets of $3.3M (revenue -1.0% year-over-year).
- 2011: Revenue of $4.2M, expenses of $4.1M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Threshold Residential Services Inc:
Data Sources and Methodology
This transparency report for Threshold Residential Services 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.