Walmsley Housing Corporation
EIN: 721158473 · Metairie, LA · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $2.4M |
| Net Assets | $9.2M |
Is Walmsley Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Walmsley Housing Corporation
Walmsley Housing Corporation (EIN: 721158473) is a nonprofit organization based in Metairie, LA, classified under NTEE code L20Z. The organization reported total revenue of $2.7M and total assets of $13.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walmsley Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walmsley Housing Corporation is a mid-size nonprofit that has been operating for 25 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-102,246 |
| Total Assets | $13.7M |
| Total Liabilities | $4.5M |
| Net Assets | $9.2M |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 32.8% |
| Months of Reserves | 68.4 months |
Financial Health Grade: B
In 2023, Walmsley Housing Corporation reported a deficit of $102K with expenses exceeding revenue, holds 68.4 months of operating reserves (strong position), has a debt-to-asset ratio of 32.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Walmsley Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | -5.0% | -2.8% |
| 2022 | -0.3% | +8.0% | +6.4% |
| 2021 | -3.3% | +2.5% | -1.5% |
| 2020 | -8.8% | +7.9% | +0.3% |
| 2019 | +22.1% | +8.7% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Walmsley Housing Corporation 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 Walmsley Housing Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.8%.
Frequently Asked Questions about Walmsley Housing Corporation
Is Walmsley Housing Corporation a legitimate charity?
Walmsley Housing Corporation (EIN: 721158473) is a registered tax-exempt nonprofit based in Louisiana. It has 12 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: B.
How does Walmsley Housing Corporation spend its money?
Walmsley Housing Corporation reported $2.7M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Walmsley Housing Corporation tax-deductible?
Walmsley Housing Corporation is registered as a tax-exempt nonprofit (EIN: 721158473). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Walmsley Housing Corporation located?
Walmsley Housing Corporation is headquartered in Metairie, Louisiana and files with the IRS under EIN 721158473. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Walmsley Housing Corporation have?
Walmsley Housing Corporation has 12 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Walmsley Housing Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Walmsley Housing Corporation's revenue has grown by 7.9%, moving from $2.1M to $2.3M. Total assets decreased by 14.4% over the same period, from $16.0M to $13.7M. Total functional expenses rose by 35.6%, from $1.8M to $2.4M. In its most recent filing year (2023), Walmsley Housing Corporation reported a deficit of $102K, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $13.7M in assets (debt-to-asset ratio: 32.8%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.4M | $13.7M | $4.5M | — | View 990 |
| 2022 | $2.3M | $2.5M | $14.1M | $4.9M | — | View 990 |
| 2021 | $2.3M | $2.3M | $13.2M | $4.1M | — | View 990 |
| 2020 | $2.4M | $2.3M | $13.4M | $4.5M | — | View 990 |
| 2019 | $2.6M | $2.1M | $13.4M | $4.3M | — | View 990 |
| 2018 | $2.1M | $1.9M | $13.9M | $5.1M | — | View 990 |
| 2017 | $2.1M | $2.2M | $13.8M | $5.2M | — | View 990 |
| 2016 | $2.2M | $2.2M | $14.3M | $5.6M | — | View 990 |
| 2015 | $2.2M | $1.9M | $14.4M | $5.8M | — | View 990 |
| 2014 | $2.1M | $3.7M | $14.2M | $5.9M | — | View 990 |
| 2013 | $2.0M | $1.9M | $16.0M | $6.1M | — | View 990 |
| 2012 | $2.1M | $1.8M | $16.0M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.4M, and assets of $13.7M (revenue +0.2% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.5M, and assets of $14.1M (revenue -0.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.3M, and assets of $13.2M (revenue -3.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $13.4M (revenue -8.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.1M, and assets of $13.4M (revenue +22.1% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.9M, and assets of $13.9M (revenue -0.3% year-over-year).
- 2017: Revenue of $2.1M, expenses of $2.2M, and assets of $13.8M (revenue -1.8% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $14.3M (revenue -1.5% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.9M, and assets of $14.4M (revenue +3.2% year-over-year).
- 2014: Revenue of $2.1M, expenses of $3.7M, and assets of $14.2M (revenue +5.6% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $16.0M (revenue -4.7% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.8M, and assets of $16.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walmsley Housing Corporation:
Data Sources and Methodology
This transparency report for Walmsley Housing 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.