Wingo Elderly Housing Corporation
EIN: 611360814 · Wingo, KY · NTEE: L22
| Metric | Value |
|---|---|
| Total Expenses | $96K |
| Net Assets | $-363,569 |
Is Wingo Elderly 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 Wingo Elderly Housing Corporation
Wingo Elderly Housing Corporation (EIN: 611360814) is a nonprofit organization based in Wingo, KY, classified under NTEE code L22. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wingo Elderly Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wingo Elderly Housing Corporation is a micro nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74K |
| Total Expenses | $96K |
| Surplus / Deficit | $-21,241 |
| Total Assets | $376K |
| Total Liabilities | $740K |
| Net Assets | $-363,569 |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 196.7% |
| Months of Reserves | 47.2 months |
Financial Health Grade: C
In 2023, Wingo Elderly Housing Corporation reported a deficit of $21K with expenses exceeding revenue, holds 47.2 months of operating reserves (strong position), has a debt-to-asset ratio of 196.7% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wingo Elderly Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.4% | +3.7% | -11.7% |
| 2020 | +134.3% | +104.4% | -9.1% |
| 2018 | -32.2% | -42.0% | -4.3% |
| 2017 | -8.8% | +24.8% | -4.4% |
| 2016 | -8.8% | -8.0% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wingo Elderly 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 Wingo Elderly 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 $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 196.7%.
Frequently Asked Questions about Wingo Elderly Housing Corporation
Is Wingo Elderly Housing Corporation a legitimate charity?
Wingo Elderly Housing Corporation (EIN: 611360814) is a registered tax-exempt nonprofit based in Kentucky. It has 10 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Wingo Elderly Housing Corporation spend its money?
Wingo Elderly Housing Corporation reported its financials in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Wingo Elderly Housing Corporation tax-deductible?
Wingo Elderly Housing Corporation is registered as a tax-exempt nonprofit (EIN: 611360814). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wingo Elderly Housing Corporation located?
Wingo Elderly Housing Corporation is headquartered in Wingo, Kentucky and files with the IRS under EIN 611360814. It is classified under NTEE code L22.
How many years of IRS 990 filings does Wingo Elderly Housing Corporation have?
Wingo Elderly Housing Corporation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Wingo Elderly Housing Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wingo Elderly Housing Corporation's revenue has grown by 91.3%, moving from $39K to $74K. Total assets decreased by 35.2% over the same period, from $581K to $376K. Total functional expenses rose by 75.2%, from $55K to $96K. In its most recent filing year (2023), Wingo Elderly Housing Corporation reported a deficit of $21K, with expenses exceeding revenue. The organization holds $740K in liabilities against $376K in assets (debt-to-asset ratio: 196.7%), resulting in net assets of $-363,569.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74K | $96K | $376K | $740K | — | — |
| 2020 | $67K | $92K | $426K | $737K | — | — |
| 2018 | $29K | $45K | $469K | $747K | — | View 990 |
| 2017 | $42K | $78K | $490K | $752K | — | View 990 |
| 2016 | $47K | $62K | $513K | $739K | — | View 990 |
| 2015 | $51K | $68K | $529K | $740K | — | View 990 |
| 2014 | $74K | $60K | $544K | $738K | — | View 990 |
| 2013 | $52K | $62K | $560K | $768K | — | View 990 |
| 2012 | $55K | $63K | $576K | $774K | — | View 990 |
| 2011 | $39K | $55K | $581K | $771K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74K, expenses of $96K, and assets of $376K (revenue +10.4% year-over-year).
- 2020: Revenue of $67K, expenses of $92K, and assets of $426K (revenue +134.3% year-over-year).
- 2018: Revenue of $29K, expenses of $45K, and assets of $469K (revenue -32.2% year-over-year).
- 2017: Revenue of $42K, expenses of $78K, and assets of $490K (revenue -8.8% year-over-year).
- 2016: Revenue of $47K, expenses of $62K, and assets of $513K (revenue -8.8% year-over-year).
- 2015: Revenue of $51K, expenses of $68K, and assets of $529K (revenue -30.9% year-over-year).
- 2014: Revenue of $74K, expenses of $60K, and assets of $544K (revenue +40.8% year-over-year).
- 2013: Revenue of $52K, expenses of $62K, and assets of $560K (revenue -4.2% year-over-year).
- 2012: Revenue of $55K, expenses of $63K, and assets of $576K (revenue +40.8% year-over-year).
- 2011: Revenue of $39K, expenses of $55K, and assets of $581K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wingo Elderly Housing Corporation:
Data Sources and Methodology
This transparency report for Wingo Elderly 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.