Wildberry Apartments Inc
Wildberry Apartments Inc. consistently operates at a deficit while maintaining stable assets and reporting no executive compensation.
EIN: 161668935 · Providence, RI · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $451K |
| Total Expenses | $556K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4.5 |
| Net Assets | $-1,846,021 |
| Transparency Score | 85/100 |
Is Wildberry Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wildberry Apartments Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wildberry Apartments Inc
Wildberry Apartments Inc (EIN: 161668935) is a nonprofit organization based in Providence, RI, classified under NTEE code L22. The organization reported total revenue of $451K and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wildberry Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wildberry Apartments Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $451K |
| Total Expenses | $556K |
| Surplus / Deficit | $-104,859 |
| Total Assets | $4.6M |
| Total Liabilities | $6.4M |
| Net Assets | $-1,846,021 |
| Operating Margin | -23.3% |
| Debt-to-Asset Ratio | 140.2% |
| Months of Reserves | 99.2 months |
Financial Health Grade: C
In 2024, Wildberry Apartments Inc reported a deficit of $105K with expenses exceeding revenue, holds 99.2 months of operating reserves (strong position), has a debt-to-asset ratio of 140.2% (high leverage).
Financial Trends
Over 12 years of filings (2012–2024), Wildberry Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.9% | +6.6% | -2.5% |
| 2023 | -5.3% | -2.3% | -5.3% |
| 2021 | -2.2% | +2.4% | -2.7% |
| 2020 | -0.9% | -5.9% | -2.3% |
| 2019 | +1.1% | +2.7% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Wildberry Apartments Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Wildberry Apartments Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $105K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.2%.
Executive Compensation Analysis
Wildberry Apartments Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a strong commitment to directing all available funds towards its mission, especially for an organization with assets exceeding $4.5 million.
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 Wildberry Apartments Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across all reported periods.
- Liabilities consistently exceed assets, indicating a negative net asset position.
Strengths
The following positive indicators were identified for Wildberry Apartments Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and dedication to mission.
- Stable asset base over a decade, suggesting long-term operational stability despite deficits.
- Clear mission focus on low-income housing (NTEE L22).
- Long filing history (12 filings) demonstrates consistent compliance and operational longevity.
Frequently Asked Questions about Wildberry Apartments Inc
Is Wildberry Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wildberry Apartments Inc (EIN: 161668935) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Wildberry Apartments Inc spend its money?
Wildberry Apartments Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wildberry Apartments Inc tax-deductible?
Wildberry Apartments Inc is registered as a tax-exempt nonprofit (EIN: 161668935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wildberry Apartments Inc CEO make?
Wildberry Apartments Inc's highest-compensated officer earns $4.5 annually. The organization reported $451K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wildberry Apartments Inc's spending goes to programs?
Wildberry Apartments Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wildberry Apartments Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wildberry Apartments Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Wildberry Apartments Inc located?
Wildberry Apartments Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 161668935. It is classified under NTEE code L22.
How many years of IRS 990 filings does Wildberry Apartments Inc have?
Wildberry Apartments Inc 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 $451K in total revenue.
How does Wildberry Apartments Inc. cover its consistent operational deficits?
The organization consistently reports expenses exceeding revenue (e.g., $555,520 expenses vs. $450,661 revenue in 2024). While assets have slightly decreased over time, the consistent deficits suggest either significant non-revenue funding sources not captured in the revenue line, or that the deficits are primarily non-cash expenses like depreciation, which is common for organizations managing significant real estate assets. Further review of the full 990, particularly the Statement of Functional Expenses and Statement of Activities, would clarify this.
What is the primary source of funding for Wildberry Apartments Inc. given its NTEE code?
Given its NTEE code L22 (Low-Income Housing), it's highly probable that Wildberry Apartments Inc. receives significant funding from government grants, rental income from subsidized housing, or other forms of public and private subsidies for affordable housing. The consistent revenue figures suggest a stable, possibly contract-based, funding stream.
Why have the organization's assets slightly decreased over the past decade?
Assets have decreased from $5,948,314 in 2014 to $4,592,415 in 2024. This gradual decline, while not drastic, could be due to depreciation of its housing properties, minor asset sales, or the use of reserves to cover operational shortfalls. Given the consistent operational deficits, it's possible some asset depletion is occurring to sustain operations, though the overall asset base remains substantial.
Filing History
IRS 990 filing history for Wildberry Apartments Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Wildberry Apartments Inc's revenue has grown by 24.5%, moving from $362K to $451K. Total assets decreased by 26.4% over the same period, from $6.2M to $4.6M. Total functional expenses rose by 15.7%, from $480K to $556K. In its most recent filing year (2024), Wildberry Apartments Inc reported a deficit of $105K, with expenses exceeding revenue. The organization holds $6.4M in liabilities against $4.6M in assets (debt-to-asset ratio: 140.2%), resulting in net assets of $-1,846,021.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $451K | $556K | $4.6M | $6.4M | — | — |
| 2023 | $373K | $521K | $4.7M | $6.5M | — | — |
| 2021 | $393K | $533K | $5.0M | $6.4M | — | View 990 |
| 2020 | $402K | $521K | $5.1M | $6.4M | — | View 990 |
| 2019 | $406K | $553K | $5.2M | $6.4M | — | View 990 |
| 2018 | $401K | $539K | $5.4M | $6.4M | — | View 990 |
| 2017 | $403K | $519K | $5.5M | $6.4M | — | View 990 |
| 2016 | $385K | $545K | $5.7M | $6.4M | — | View 990 |
| 2015 | $389K | $551K | $5.8M | $6.4M | — | View 990 |
| 2014 | $362K | $509K | $5.9M | $6.4M | — | View 990 |
| 2013 | $359K | $513K | $6.1M | $6.4M | — | View 990 |
| 2012 | $362K | $480K | $6.2M | $6.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $451K, expenses of $556K, and assets of $4.6M (revenue +20.9% year-over-year).
- 2023: Revenue of $373K, expenses of $521K, and assets of $4.7M (revenue -5.3% year-over-year).
- 2021: Revenue of $393K, expenses of $533K, and assets of $5.0M (revenue -2.2% year-over-year).
- 2020: Revenue of $402K, expenses of $521K, and assets of $5.1M (revenue -0.9% year-over-year).
- 2019: Revenue of $406K, expenses of $553K, and assets of $5.2M (revenue +1.1% year-over-year).
- 2018: Revenue of $401K, expenses of $539K, and assets of $5.4M (revenue -0.4% year-over-year).
- 2017: Revenue of $403K, expenses of $519K, and assets of $5.5M (revenue +4.7% year-over-year).
- 2016: Revenue of $385K, expenses of $545K, and assets of $5.7M (revenue -0.9% year-over-year).
- 2015: Revenue of $389K, expenses of $551K, and assets of $5.8M (revenue +7.5% year-over-year).
- 2014: Revenue of $362K, expenses of $509K, and assets of $5.9M (revenue +0.6% year-over-year).
- 2013: Revenue of $359K, expenses of $513K, and assets of $6.1M (revenue -0.7% year-over-year).
- 2012: Revenue of $362K, expenses of $480K, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wildberry Apartments Inc:
Data Sources and Methodology
This transparency report for Wildberry Apartments 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.