Tischer Creek Duluth Buildingcompany
Tischer Creek Duluth Buildingcompany maintains stable assets despite fluctuating revenues and consistent liabilities, with no reported officer compensation.
EIN: 208386877 · Duluth, MN · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $-1,142,482 |
| Transparency Score | 75/100 |
Is Tischer Creek Duluth Buildingcompany Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tischer Creek Duluth Buildingcompany directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tischer Creek Duluth Buildingcompany
Tischer Creek Duluth Buildingcompany (EIN: 208386877) is a nonprofit organization based in Duluth, MN, classified under NTEE code T21. The organization reported total revenue of $1.4M and total assets of $16.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tischer Creek Duluth Buildingcompany's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tischer Creek Duluth Buildingcompany is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-88,899 |
| Total Assets | $17.1M |
| Total Liabilities | $18.2M |
| Net Assets | $-1,142,482 |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 106.7% |
| Months of Reserves | 131.5 months |
Financial Health Grade: C
In 2023, Tischer Creek Duluth Buildingcompany reported a deficit of $89K with expenses exceeding revenue, holds 131.5 months of operating reserves (strong position), has a debt-to-asset ratio of 106.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tischer Creek Duluth Buildingcompany's revenue has grown at a compound annual growth rate (CAGR) of 24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | -3.0% | +1.3% |
| 2022 | -11.5% | +7.2% | -2.6% |
| 2021 | -7.8% | -5.5% | -4.6% |
| 2020 | -5.1% | -33.7% | +1.7% |
| 2019 | -1.9% | +47.5% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Tischer Creek Duluth Buildingcompany with a Mission Score of 75 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Tischer Creek Duluth Buildingcompany allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This suggests a volunteer-led executive structure or that executive compensation is covered by other means not reported as officer compensation, which is highly unusual for an organization of this asset size.
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 Tischer Creek Duluth Buildingcompany's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating high debt levels relative to equity.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering efficiency assessment.
- Unusually consistent 0% officer compensation for an organization with over $16 million in assets, which could indicate alternative compensation structures or a fully volunteer executive team.
Strengths
The following positive indicators were identified for Tischer Creek Duluth Buildingcompany:
- Stable asset base, consistently maintaining over $15 million in assets over a decade.
- No reported officer compensation, suggesting a strong commitment to directing funds towards its mission.
- Consistent revenue generation, indicating a stable operational model.
Frequently Asked Questions about Tischer Creek Duluth Buildingcompany
Is Tischer Creek Duluth Buildingcompany a legitimate charity?
Based on AI analysis of IRS 990 filings, Tischer Creek Duluth Buildingcompany (EIN: 208386877) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Tischer Creek Duluth Buildingcompany spend its money?
Tischer Creek Duluth Buildingcompany directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tischer Creek Duluth Buildingcompany tax-deductible?
Tischer Creek Duluth Buildingcompany is registered as a tax-exempt nonprofit (EIN: 208386877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Tischer Creek Duluth Buildingcompany compare to similar nonprofits?
With a transparency score of 75/100 (Good), Tischer Creek Duluth Buildingcompany is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tischer Creek Duluth Buildingcompany located?
Tischer Creek Duluth Buildingcompany is headquartered in Duluth, Minnesota and files with the IRS under EIN 208386877. It is classified under NTEE code T21.
How many years of IRS 990 filings does Tischer Creek Duluth Buildingcompany have?
Tischer Creek Duluth Buildingcompany 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 $1.4M in total revenue.
What is the specific nature of Tischer Creek Duluth Buildingcompany's housing development activities?
The NTEE code T21 indicates 'Housing Development, Construction & Management', suggesting the organization is involved in creating and managing housing solutions, likely for specific community needs in Duluth, MN.
How does Tischer Creek Duluth Buildingcompany manage its significant liabilities, which consistently exceed its assets?
The consistent reporting of liabilities exceeding assets (e.g., $18,240,893 in liabilities vs. $17,098,411 in assets for 202306) suggests that the organization likely holds significant debt related to its housing development projects, which is common for such entities. Further analysis of their balance sheet would be needed to understand the nature and terms of these liabilities.
What is the source of Tischer Creek Duluth Buildingcompany's revenue, given its nonprofit status?
Without specific details from the 990 filings, revenue sources could include grants, rental income from managed properties, government contracts, or other program-related income. The consistent revenue stream suggests a stable funding model.
How does the organization cover its operational expenses without paying officer compensation?
The consistent 0% officer compensation suggests that executive leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'officer compensation' on the 990, which would warrant further investigation into their financial statements.
Filing History
IRS 990 filing history for Tischer Creek Duluth Buildingcompany showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tischer Creek Duluth Buildingcompany's revenue has grown by 1228.6%, moving from $111K to $1.5M. Total assets decreased by 18.9% over the same period, from $21.1M to $17.1M. Total functional expenses rose by 120.5%, from $708K to $1.6M. In its most recent filing year (2023), Tischer Creek Duluth Buildingcompany reported a deficit of $89K, with expenses exceeding revenue. The organization holds $18.2M in liabilities against $17.1M in assets (debt-to-asset ratio: 106.7%), resulting in net assets of $-1,142,482.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.6M | $17.1M | $18.2M | — | — |
| 2022 | $1.5M | $1.6M | $16.9M | $17.9M | — | View 990 |
| 2021 | $1.7M | $1.5M | $17.3M | $18.3M | — | View 990 |
| 2020 | $1.8M | $1.6M | $18.2M | $19.4M | — | — |
| 2019 | $1.9M | $2.4M | $17.9M | $18.9M | — | View 990 |
| 2018 | $2.0M | $1.6M | $15.8M | $16.5M | — | View 990 |
| 2017 | $1.5M | $1.7M | $15.8M | $16.8M | — | View 990 |
| 2016 | $1.5M | $1.7M | $16.3M | $17.1M | — | View 990 |
| 2015 | $1.5M | $1.5M | $16.7M | $17.3M | — | View 990 |
| 2014 | $1.5M | $1.5M | $17.0M | $17.5M | — | View 990 |
| 2013 | $2.0M | $1.6M | $17.3M | $17.7M | — | View 990 |
| 2012 | $1.3M | $1.5M | $18.5M | $19.3M | — | View 990 |
| 2011 | $111K | $708K | $21.1M | $21.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.6M, and assets of $17.1M (revenue -1.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $16.9M (revenue -11.5% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.5M, and assets of $17.3M (revenue -7.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $18.2M (revenue -5.1% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.4M, and assets of $17.9M (revenue -1.9% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.6M, and assets of $15.8M (revenue +31.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.7M, and assets of $15.8M (revenue +3.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.7M, and assets of $16.3M (revenue +-0.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $16.7M (revenue +0.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $17.0M (revenue -27.3% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.6M, and assets of $17.3M (revenue +59.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.5M, and assets of $18.5M (revenue +1031.8% year-over-year).
- 2011: Revenue of $111K, expenses of $708K, and assets of $21.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tischer Creek Duluth Buildingcompany:
Data Sources and Methodology
This transparency report for Tischer Creek Duluth Buildingcompany 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.