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
| Metric | Value |
|---|---|
| Total Revenue | $386K |
| Total Expenses | $360K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $-14,834 |
| Transparency Score | 75/100 |
Search Intent Cockpit
Tomas Ventures Residence Ltd Form 990, Revenue, CEO Pay, and IRS Filing Signals
Tomas Ventures Residence Ltd is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Tomas Ventures Residence Ltd in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $344K and expenses of $360K.
Revenue and Expenses
Tomas Ventures Residence Ltd reported $344K in revenue and $360K in expenses, a deficit of $16K.
Executive Compensation
Top officer compensation appears as $300,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
75/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Tomas Ventures Residence Ltd Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $288K (80%) |
Across stored filings, Tomas Ventures Residence Ltd shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade D | 13 stored filing years |
| Peer context | Compare with American Academy Of Podiatric Practice Management | Michigan and Human Services context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Tomas Ventures Residence Ltd directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Tomas Ventures Residence Ltd is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $344K |
| Total Expenses | $360K |
| Surplus / Deficit | $-16,213 |
| Total Assets | $8K |
| Total Liabilities | $22K |
| Net Assets | $-14,834 |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 294.9% |
| Months of Reserves | 0.3 months |
Financial Health Grade: D
In 2023, Tomas Ventures Residence Ltd reported a deficit of $16K with expenses exceeding revenue, holds 0.3 months of operating reserves (limited), has a debt-to-asset ratio of 294.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -0.7% | -47.7% |
| 2022 | +14.8% | +11.9% | +739.0% |
| 2021 | +8.1% | +27.7% | -64.5% |
| 2020 | +17.5% | +6.9% | -81.2% |
| 2019 | +3.2% | -2.3% | +148.8% |
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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 294.9%.
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 legitimate charity?
Tomas Ventures Residence Ltd (EIN: 208269314) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $386K. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Tomas Ventures Residence Ltd spend its money?
Tomas Ventures Residence Ltd directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Tomas Ventures Residence Ltd tax-deductible?
Tomas Ventures Residence Ltd is registered as a tax-exempt nonprofit (EIN: 208269314). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Tomas Ventures Residence Ltd CEO make?
Tomas Ventures Residence Ltd's highest-compensated officer earns $300,000. annually. The organization reported $386K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Tomas Ventures Residence Ltd's spending goes to programs?
Tomas Ventures Residence Ltd directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tomas Ventures Residence Ltd compare to similar nonprofits?
With a transparency score of 75/100 (Good), Tomas Ventures Residence Ltd is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tomas Ventures Residence Ltd located?
Tomas Ventures Residence Ltd is headquartered in Novi, Michigan and files with the IRS under EIN 208269314. It is classified under NTEE code P20.
How many years of IRS 990 filings does Tomas Ventures Residence Ltd have?
Tomas Ventures Residence Ltd 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 $386K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tomas Ventures Residence Ltd:
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.