Vsu Auxiliary Services Real Estatefoundation Inc
Vsu Auxiliary Services Real Estatefoundation Inc maintains substantial assets but shows inconsistent annual financial performance with significant liabilities.
EIN: 208835433 · Valdosta, GA · NTEE: L11 · Updated: 2026-03-28
Is Vsu Auxiliary Services Real Estatefoundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Vsu Auxiliary Services Real Estatefoundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Vsu Auxiliary Services Real Estatefoundation Inc
Vsu Auxiliary Services Real Estatefoundation Inc (EIN: 208835433) is a nonprofit organization based in Valdosta, GA, classified under NTEE code L11. The organization reported total revenue of $7.0M and total assets of $145.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vsu Auxiliary Services Real Estatefoundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Vsu Auxiliary Services Real Estatefoundation Inc is a mid-size nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.2M |
| Total Expenses | $7.6M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $159.7M |
| Total Liabilities | $150.4M |
| Net Assets | $9.2M |
| Operating Margin | 25.1% |
| Debt-to-Asset Ratio | 94.2% |
| Months of Reserves | 251.9 months |
Financial Health Grade: A
In 2022, Vsu Auxiliary Services Real Estatefoundation Inc reported a surplus of $2.6M with revenue exceeding expenses, holds 251.9 months of operating reserves (strong position), has a debt-to-asset ratio of 94.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Vsu Auxiliary Services Real Estatefoundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +51.7% | +29.1% | -2.6% |
| 2021 | -2.1% | -8.2% | -3.3% |
| 2020 | -7.0% | -62.4% | -3.7% |
| 2019 | -2.1% | +123.0% | -3.5% |
| 2018 | -1.7% | +0.8% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Vsu Auxiliary Services Real Estatefoundation Inc 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, Vsu Auxiliary Services Real Estatefoundation Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is a strong positive for resource utilization.
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 Vsu Auxiliary Services Real Estatefoundation Inc's IRS 990 filings:
- Significant year-over-year fluctuations in revenue and expenses, leading to inconsistent surpluses and deficits (e.g., $17M expenses on $7M revenue in 2019).
- High liabilities consistently exceeding $150 million, which, while common for real estate, warrants careful monitoring of debt service capacity.
Strengths
The following positive indicators were identified for Vsu Auxiliary Services Real Estatefoundation Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds not directed to executive salaries.
- Strong asset base, consistently over $145 million, providing a solid financial foundation.
- Long filing history (12 filings), demonstrating consistent compliance and transparency in reporting to the IRS.
Frequently Asked Questions about Vsu Auxiliary Services Real Estatefoundation Inc
Is Vsu Auxiliary Services Real Estatefoundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vsu Auxiliary Services Real Estatefoundation Inc (EIN: 208835433) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Vsu Auxiliary Services Real Estatefoundation Inc spend its money?
Vsu Auxiliary Services Real Estatefoundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Vsu Auxiliary Services Real Estatefoundation Inc tax-deductible?
Vsu Auxiliary Services Real Estatefoundation Inc is registered as a tax-exempt nonprofit (EIN: 208835433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Given the significant liabilities (e.g., $150,441,263 in 2022), how does the organization manage its debt and what is its long-term strategy for liability reduction?
The provided data indicates high liabilities, which is common for real estate foundations. A detailed analysis of the balance sheet and debt covenants would be needed to understand the management strategy and long-term plans for these liabilities.
What caused the substantial expense spikes in years like 2019 ($17,058,672) and 2014 ($22,686,345) compared to typical years?
Without a detailed breakdown of expenses, it's difficult to pinpoint the exact causes. These spikes could be due to major capital projects, property acquisitions, or significant maintenance and renovation costs associated with its real estate holdings.
How does the organization ensure its real estate activities directly support the mission of Valdosta State University?
As an auxiliary services real estate foundation, its primary purpose is likely to support the university through property management, development, or related services. The direct impact would be evident in the nature of the properties managed and the services provided to the university community.
Filing History
IRS 990 filing history for Vsu Auxiliary Services Real Estatefoundation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Vsu Auxiliary Services Real Estatefoundation Inc's revenue has grown by 3.1%, moving from $9.8M to $10.2M. Total assets decreased by 31% over the same period, from $231.4M to $159.7M. Total functional expenses fell by 30.1%, from $10.9M to $7.6M. In its most recent filing year (2022), Vsu Auxiliary Services Real Estatefoundation Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $150.4M in liabilities against $159.7M in assets (debt-to-asset ratio: 94.2%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $10.2M | $7.6M | $159.7M | $150.4M | — | — |
| 2021 | $6.7M | $5.9M | $163.9M | $157.2M | — | View 990 |
| 2020 | $6.8M | $6.4M | $169.6M | $163.7M | — | View 990 |
| 2019 | $7.4M | $17.1M | $176.1M | $170.7M | — | View 990 |
| 2018 | $7.5M | $7.6M | $182.6M | $167.4M | — | View 990 |
| 2017 | $7.6M | $7.6M | $185.2M | $171.9M | — | View 990 |
| 2016 | $12.4M | $17.2M | $187.7M | $174.9M | — | View 990 |
| 2015 | $10.1M | $9.9M | $193.9M | $176.4M | — | View 990 |
| 2014 | $9.2M | $22.7M | $196.9M | $179.5M | — | View 990 |
| 2013 | $11.6M | $20.0M | $212.7M | $181.9M | — | View 990 |
| 2012 | $9.8M | $9.7M | $229.2M | $189.9M | — | View 990 |
| 2011 | $9.8M | $10.9M | $231.4M | $192.3M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $10.2M, expenses of $7.6M, and assets of $159.7M (revenue +51.7% year-over-year).
- 2021: Revenue of $6.7M, expenses of $5.9M, and assets of $163.9M (revenue -2.1% year-over-year).
- 2020: Revenue of $6.8M, expenses of $6.4M, and assets of $169.6M (revenue -7.0% year-over-year).
- 2019: Revenue of $7.4M, expenses of $17.1M, and assets of $176.1M (revenue -2.1% year-over-year).
- 2018: Revenue of $7.5M, expenses of $7.6M, and assets of $182.6M (revenue -1.7% year-over-year).
- 2017: Revenue of $7.6M, expenses of $7.6M, and assets of $185.2M (revenue -38.3% year-over-year).
- 2016: Revenue of $12.4M, expenses of $17.2M, and assets of $187.7M (revenue +22.8% year-over-year).
- 2015: Revenue of $10.1M, expenses of $9.9M, and assets of $193.9M (revenue +9.3% year-over-year).
- 2014: Revenue of $9.2M, expenses of $22.7M, and assets of $196.9M (revenue -20.7% year-over-year).
- 2013: Revenue of $11.6M, expenses of $20.0M, and assets of $212.7M (revenue +18.5% year-over-year).
- 2012: Revenue of $9.8M, expenses of $9.7M, and assets of $229.2M (revenue -0.3% year-over-year).
- 2011: Revenue of $9.8M, expenses of $10.9M, and assets of $231.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Vsu Auxiliary Services Real Estatefoundation Inc:
Data Sources and Methodology
This transparency report for Vsu Auxiliary Services Real Estatefoundation Inc 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.