Turtle Lake Nonprofit Housing Corp
EIN: 237420943 · Turtle Lake, WI
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $248K |
| Net Assets | $152K |
Is Turtle Lake Nonprofit Housing Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Turtle Lake Nonprofit Housing Corp
Turtle Lake Nonprofit Housing Corp (EIN: 237420943) is a nonprofit organization based in Turtle Lake, WI. The organization reported total revenue of $264K and total assets of $353K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turtle Lake Nonprofit Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turtle Lake Nonprofit Housing Corp is a small nonprofit that has been operating for 51 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $264K |
| Total Expenses | $248K |
| Surplus / Deficit | +$16K |
| Total Assets | $353K |
| Total Liabilities | $201K |
| Net Assets | $152K |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 57.0% |
| Months of Reserves | 17.1 months |
Financial Health Grade: A
In 2019, Turtle Lake Nonprofit Housing Corp reported a surplus of $16K with revenue exceeding expenses, holds 17.1 months of operating reserves (strong position), has a debt-to-asset ratio of 57.0% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Turtle Lake Nonprofit Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +2.8% | +10.8% | -9.5% |
| 2018 | +0.7% | -1.7% | -4.3% |
| 2017 | +9.1% | -1.1% | -3.9% |
| 2016 | -2.5% | +2.0% | -7.5% |
| 2015 | +2.2% | -5.2% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Turtle Lake Nonprofit Housing Corp 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 Turtle Lake Nonprofit Housing Corp 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.0%.
Frequently Asked Questions about Turtle Lake Nonprofit Housing Corp
Is Turtle Lake Nonprofit Housing Corp a legitimate charity?
Turtle Lake Nonprofit Housing Corp (EIN: 237420943) is a registered tax-exempt nonprofit based in Wisconsin. It has 9 years of IRS 990 filings on record. Total revenue: $264K. No red flags identified. Financial health grade: A.
How does Turtle Lake Nonprofit Housing Corp spend its money?
Turtle Lake Nonprofit Housing Corp reported $264K in total revenue in IRS 990 filings. 9 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Turtle Lake Nonprofit Housing Corp tax-deductible?
Turtle Lake Nonprofit Housing Corp is registered as a tax-exempt nonprofit (EIN: 237420943). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Turtle Lake Nonprofit Housing Corp located?
Turtle Lake Nonprofit Housing Corp is headquartered in Turtle Lake, Wisconsin and files with the IRS under EIN 237420943.
How many years of IRS 990 filings does Turtle Lake Nonprofit Housing Corp have?
Turtle Lake Nonprofit Housing Corp has 9 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 $264K in total revenue.
Filing History
IRS 990 filing history for Turtle Lake Nonprofit Housing Corp showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Turtle Lake Nonprofit Housing Corp's revenue has grown by 8.7%, moving from $243K to $264K. Total assets decreased by 41.1% over the same period, from $599K to $353K. Total functional expenses rose by 7%, from $232K to $248K. In its most recent filing year (2019), Turtle Lake Nonprofit Housing Corp reported a surplus of $16K, with revenue exceeding expenses. The organization holds $201K in liabilities against $353K in assets (debt-to-asset ratio: 57.0%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $264K | $248K | $353K | $201K | — | View 990 |
| 2018 | $257K | $224K | $390K | $254K | — | View 990 |
| 2017 | $255K | $228K | $408K | $305K | — | View 990 |
| 2016 | $234K | $230K | $424K | $349K | — | View 990 |
| 2015 | $240K | $226K | $458K | $387K | — | View 990 |
| 2014 | $235K | $238K | $487K | $429K | — | View 990 |
| 2013 | $223K | $231K | $530K | $469K | — | View 990 |
| 2012 | $236K | $237K | $583K | $513K | — | View 990 |
| 2011 | $243K | $232K | $599K | $527K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $264K, expenses of $248K, and assets of $353K (revenue +2.8% year-over-year).
- 2018: Revenue of $257K, expenses of $224K, and assets of $390K (revenue +0.7% year-over-year).
- 2017: Revenue of $255K, expenses of $228K, and assets of $408K (revenue +9.1% year-over-year).
- 2016: Revenue of $234K, expenses of $230K, and assets of $424K (revenue -2.5% year-over-year).
- 2015: Revenue of $240K, expenses of $226K, and assets of $458K (revenue +2.2% year-over-year).
- 2014: Revenue of $235K, expenses of $238K, and assets of $487K (revenue +5.4% year-over-year).
- 2013: Revenue of $223K, expenses of $231K, and assets of $530K (revenue -5.6% year-over-year).
- 2012: Revenue of $236K, expenses of $237K, and assets of $583K (revenue -2.9% year-over-year).
- 2011: Revenue of $243K, expenses of $232K, and assets of $599K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turtle Lake Nonprofit Housing Corp:
Data Sources and Methodology
This transparency report for Turtle Lake Nonprofit Housing Corp 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.