Tomas Ventures Residence Ltd

Tomas Ventures Residence Ltd maintains operations with no officer compensation, but frequently reports liabilities exceeding assets.

EIN: 208269314 · Novi, MI · NTEE: P20 · Updated: 2026-03-28

$386KRevenue

$22KAssets

75/100Mission Score (Good)

P20

About Tomas Ventures Residence Ltd

Tomas Ventures Residence Ltd (EIN: 208269314) is a nonprofit organization based in Novi, MI, classified under NTEE code P20. The organization reported total revenue of $386K and total assets of $22K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tomas Ventures Residence Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Tomas Ventures Residence Ltd demonstrates consistent operational activity, with revenues and expenses generally increasing over the past decade. The organization's financial health appears stable, though with relatively low asset levels compared to its annual revenue, suggesting a lean operational model. For instance, in 2023, assets were $7,613 against revenues of $343,563. The consistent reporting of 0% officer compensation across all filings indicates a commitment to minimizing administrative overhead in this area, which is a positive sign for spending efficiency. However, the organization has frequently operated with liabilities exceeding assets, such as in 2023 where liabilities were $22,447 against assets of $7,613, which could indicate reliance on short-term funding or deferred payments.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the 990s. However, the consistent reporting of no officer compensation is a strong indicator of efficient use of funds at the executive level. The organization's consistent revenue generation and expenditure patterns suggest a predictable operational rhythm. Transparency is generally good through its regular 990 filings, but a more detailed breakdown of functional expenses would enhance understanding of its spending priorities.

Overall, Tomas Ventures Residence Ltd appears to be a functionally sound organization, consistently providing services as evidenced by its stable revenue and expense trends. The lack of executive compensation is a notable strength in terms of efficiency. However, the recurring negative net assets (liabilities exceeding assets) in several periods, including 2023, warrants closer examination to understand the underlying financial strategy and long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Tomas Ventures Residence Ltd 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Tomas Ventures Residence Ltd allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly efficient for an organization with annual revenues exceeding $300,000.

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 Tomas Ventures Residence Ltd's IRS 990 filings:

Liabilities frequently exceed assets, indicating potential financial instability or reliance on short-term funding (e.g., 2023: Liabilities $22,447, Assets $7,613).
Negative net assets reported in multiple periods (e.g., 2016: Assets $-537).

Strengths

The following positive indicators were identified for Tomas Ventures Residence Ltd:

Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
Steady revenue growth over the past decade, demonstrating consistent operational activity and funding.
Regular and timely IRS 990 filings, indicating good transparency practices.

Frequently Asked Questions about Tomas Ventures Residence Ltd

Is Tomas Ventures Residence Ltd a good charity?

Based on the available data, Tomas Ventures Residence Ltd exhibits strong financial efficiency in terms of executive compensation (0%). Its consistent operations and revenue growth suggest it is effectively delivering on its mission. However, the recurring instances of liabilities exceeding assets warrant further investigation into its financial stability and funding model.

How does Tomas Ventures Residence Ltd manage its liabilities?

The organization frequently reports liabilities exceeding its assets, for example, $22,447 in liabilities versus $7,613 in assets in 2023. This suggests a potential reliance on short-term credit or deferred payments, or that its assets are primarily non-liquid and not fully captured in the reported asset figures. Further detail from the full 990 would be needed to understand the nature of these liabilities.

What is the trend in Tomas Ventures Residence Ltd's financial growth?

Tomas Ventures Residence Ltd has shown consistent revenue growth over the past decade, increasing from $190,045 in 2014 to $343,563 in 2023. Expenses have largely tracked this growth, indicating an expansion of services or operational capacity.

Filing History

IRS 990 filing history for Tomas Ventures Residence Ltd showing financial trends over 13 years of public records:

In its most recent filing year (2023), Tomas Ventures Residence Ltd reported a deficit of $16K, with expenses exceeding revenue. The organization holds $22K in liabilities against $8K in assets (debt-to-asset ratio: 294.9%), resulting in net assets of $-14,834.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$344K	$360K	$8K	$22K	—	—
2022	$368K	$362K	$15K	$13K	—	View 990
2021	$321K	$324K	$2K	$6K	—	View 990
2020	$297K	$254K	$5K	$6K	—	View 990
2019	$252K	$237K	$26K	$70K	—	View 990
2018	$244K	$243K	$10K	$70K	—	View 990
2017	$227K	$242K	$4K	$65K	—	—
2016	$206K	$218K	$-537	$46K	—	View 990
2015	$213K	$209K	$13K	$48K	—	View 990
2014	$190K	$190K	$6K	$45K	—	View 990
2013	$79K	$73K	$6K	$45K	—	View 990
2012	$72K	$78K	$7K	$51K	—	—
2011	$0	$0	$0	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $344K, expenses of $360K, and assets of $8K (revenue -6.6% year-over-year).
2022: Revenue of $368K, expenses of $362K, and assets of $15K (revenue +14.8% year-over-year).
2021: Revenue of $321K, expenses of $324K, and assets of $2K (revenue +8.1% year-over-year).
2020: Revenue of $297K, expenses of $254K, and assets of $5K (revenue +17.5% year-over-year).
2019: Revenue of $252K, expenses of $237K, and assets of $26K (revenue +3.2% year-over-year).
2018: Revenue of $244K, expenses of $243K, and assets of $10K (revenue +7.5% year-over-year).
2017: Revenue of $227K, expenses of $242K, and assets of $4K (revenue +10.3% year-over-year).
2016: Revenue of $206K, expenses of $218K, and assets of $-537 (revenue -3.0% year-over-year).
2015: Revenue of $213K, expenses of $209K, and assets of $13K (revenue +11.9% year-over-year).
2014: Revenue of $190K, expenses of $190K, and assets of $6K (revenue +141.1% year-over-year).
2013: Revenue of $79K, expenses of $73K, and assets of $6K (revenue +10.1% year-over-year).
2012: Revenue of $72K, expenses of $78K, and assets of $7K.
2011: Revenue of $0, expenses of $0, and assets of $0.

Data Sources and Methodology

This transparency report for Tomas Ventures Residence Ltd 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.