Vwe Properties Corporation

Is Vwe Properties Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Vwe Properties Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Vwe Properties Corporation

Vwe Properties Corporation (EIN: 113485165) is a nonprofit organization based in Jamaica, NY, classified under NTEE code E99. The organization reported total revenue of $3.1M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Vwe Properties Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Vwe Properties Corporation with a Mission Score of 65 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, Vwe Properties Corporation 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

Vwe Properties Corporation consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized under other expense lines, which could obscure a full view of leadership costs.

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 Vwe Properties Corporation's IRS 990 filings:

• Significant and growing liabilities consistently exceeding assets, with liabilities at $12,781,166 and assets at $5,562,593 in 202312.
• Lack of reported officer compensation across all filings, potentially obscuring leadership costs or indicating an unusual operational model.

Strengths

The following positive indicators were identified for Vwe Properties Corporation:

• Consistent positive net income, with revenue exceeding expenses in recent years (e.g., $2,709,701 revenue vs. $1,896,461 expenses in 202312).
• Stable revenue generation over multiple years, demonstrating financial resilience.
• Consistent filing history, indicating good compliance with IRS reporting requirements.

Frequently Asked Questions about Vwe Properties Corporation

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Vwe Properties Corporation's revenue has grown by 76.7%, moving from $1.5M to $2.7M. Total assets decreased by 55.8% over the same period, from $12.6M to $5.6M. Total functional expenses fell by 6.5%, from $2.0M to $1.9M. In its most recent filing year (2023), Vwe Properties Corporation reported a surplus of $813K, with revenue exceeding expenses. The organization holds $12.8M in liabilities against $5.6M in assets (debt-to-asset ratio: 229.8%), resulting in net assets of $-7,218,573.

Year-by-Year Financial Summary

• 2023: Revenue of $2.7M, expenses of $1.9M, and assets of $5.6M (revenue +15.1% year-over-year).
• 2022: Revenue of $2.4M, expenses of $2.0M, and assets of $6.1M (revenue +1.3% year-over-year).
• 2021: Revenue of $2.3M, expenses of $2.0M, and assets of $6.6M (revenue +8.7% year-over-year).
• 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $7.0M (revenue -12.7% year-over-year).
• 2019: Revenue of $2.4M, expenses of $2.1M, and assets of $7.5M (revenue -2.9% year-over-year).
• 2018: Revenue of $2.5M, expenses of $2.2M, and assets of $7.6M (revenue +3.4% year-over-year).
• 2017: Revenue of $2.4M, expenses of $2.2M, and assets of $8.2M (revenue +8.7% year-over-year).
• 2016: Revenue of $2.2M, expenses of $2.3M, and assets of $8.9M (revenue +33.5% year-over-year).
• 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $9.6M (revenue +6.6% year-over-year).
• 2014: Revenue of $1.6M, expenses of $1.9M, and assets of $10.5M (revenue -2.8% year-over-year).
• 2013: Revenue of $1.6M, expenses of $1.9M, and assets of $11.0M (revenue +15.0% year-over-year).
• 2012: Revenue of $1.4M, expenses of $2.0M, and assets of $11.8M (revenue -8.0% year-over-year).
• 2011: Revenue of $1.5M, expenses of $2.0M, and assets of $12.6M.

Data Sources and Methodology

This transparency report for Vwe Properties 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.