Vinokan Residence Corporation

Vinokan Residence Corporation shows consistent revenue growth and asset accumulation with no reported officer compensation.

EIN: 204864678 · Canton, MI · NTEE: L21 · Updated: 2026-03-28

$967KRevenue

$833KAssets

80/100Mission Score (Excellent)

L21

About Vinokan Residence Corporation

Vinokan Residence Corporation (EIN: 204864678) is a nonprofit organization based in Canton, MI, classified under NTEE code L21. The organization reported total revenue of $967K and total assets of $833K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vinokan Residence Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Vinokan Residence Corporation demonstrates consistent operational activity, with revenues generally exceeding expenses in recent years, contributing to a steady growth in assets. For instance, in 2022, revenue was $746,089 against expenses of $673,862, leading to an increase in assets to $660,077. The organization's financial health appears stable, with a positive trend in net assets over the past decade, growing from $39,301 in 2014 to $645,656 in 2023. This indicates effective management of resources and a capacity to build reserves.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the consistent growth in assets suggests that the organization is not overspending relative to its income. The absence of reported officer compensation across all filings is a notable point regarding resource allocation, implying that leadership may be volunteer-based or compensated through other means not categorized as officer compensation.

Transparency, based on the provided data, is reasonable given the consistent filing of IRS Form 990s. The lack of reported officer compensation, while potentially positive for resource allocation, could also raise questions about how leadership is structured and compensated, which would require deeper scrutiny of the full 990 forms. Overall, the organization appears to be financially sound and growing, with a clear history of compliance through its regular filings.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Vinokan Residence Corporation with a Mission Score of 80 out of 100 (Excellent). 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: 85%
fundraising: 5%

According to IRS 990 filings, Vinokan Residence Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Vinokan Residence Corporation consistently reports 0% officer compensation across all available filings, suggesting that its leadership may be entirely volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which is unusual for an organization of its size and revenue.

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 Vinokan Residence Corporation's IRS 990 filings:

Lack of detailed spending breakdown (program vs. admin vs. fundraising) in provided summary data makes efficiency assessment difficult.
Consistent 0% officer compensation is unusual for an organization of this size and could warrant further investigation into leadership structure and compensation practices.

Strengths

The following positive indicators were identified for Vinokan Residence Corporation:

Consistent revenue growth over the past decade, from $291,739 in 2014 to $736,448 in 2023.
Steady accumulation of assets, demonstrating financial health and capacity building.
Regular IRS 990 filings indicate good compliance and transparency.
Generally positive net income (revenue exceeding expenses) in most recent periods, contributing to asset growth.

Frequently Asked Questions about Vinokan Residence Corporation

Is Vinokan Residence Corporation financially stable?

Yes, the organization appears financially stable, consistently generating more revenue than expenses in most recent years, leading to a steady increase in assets from $39,301 in 2014 to $645,656 in 2023.

How does Vinokan Residence Corporation manage its leadership compensation?

The provided data indicates 0% officer compensation across all filings, suggesting that leadership may be volunteer-based or compensated in ways not reported as officer compensation on the 990.

What is the trend in Vinokan Residence Corporation's assets?

Assets have shown a strong upward trend, growing from $39,301 in 2014 to $645,656 in 2023, indicating effective financial management and accumulation of resources.

Filing History

IRS 990 filing history for Vinokan Residence Corporation showing financial trends over 13 years of public records:

In its most recent filing year (2023), Vinokan Residence Corporation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $3K in liabilities against $646K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $643K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$736K	$746K	$646K	$3K	—	View 990
2022	$746K	$674K	$660K	$8K	—	—
2021	$651K	$588K	$643K	$63K	—	View 990
2020	$613K	$509K	$585K	$68K	—	—
2019	$577K	$387K	$426K	$13K	—	View 990
2018	$559K	$423K	$230K	$7K	—	View 990
2017	$418K	$428K	$97K	$9K	—	View 990
2016	$348K	$289K	$105K	$7K	—	View 990
2015	$318K	$316K	$42K	$2K	—	View 990
2014	$292K	$290K	$39K	$2K	—	View 990
2013	$313K	$310K	$37K	$140	—	View 990
2012	$297K	$318K	$36K	$3K	—	View 990
2011	$0	$0	$0	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $736K, expenses of $746K, and assets of $646K (revenue -1.3% year-over-year).
2022: Revenue of $746K, expenses of $674K, and assets of $660K (revenue +14.6% year-over-year).
2021: Revenue of $651K, expenses of $588K, and assets of $643K (revenue +6.2% year-over-year).
2020: Revenue of $613K, expenses of $509K, and assets of $585K (revenue +6.2% year-over-year).
2019: Revenue of $577K, expenses of $387K, and assets of $426K (revenue +3.3% year-over-year).
2018: Revenue of $559K, expenses of $423K, and assets of $230K (revenue +33.7% year-over-year).
2017: Revenue of $418K, expenses of $428K, and assets of $97K (revenue +20.1% year-over-year).
2016: Revenue of $348K, expenses of $289K, and assets of $105K (revenue +9.4% year-over-year).
2015: Revenue of $318K, expenses of $316K, and assets of $42K (revenue +9.0% year-over-year).
2014: Revenue of $292K, expenses of $290K, and assets of $39K (revenue -6.9% year-over-year).
2013: Revenue of $313K, expenses of $310K, and assets of $37K (revenue +5.3% year-over-year).
2012: Revenue of $297K, expenses of $318K, and assets of $36K.
2011: Revenue of $0, expenses of $0, and assets of $0.

Data Sources and Methodology

This transparency report for Vinokan Residence Corporation 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.