Woodbridge Homes For Elderly Inc
EIN: 311549509 · Morristown, TN · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $137K |
| Total Expenses | $144K |
| Net Assets | $-528,344 |
Is Woodbridge Homes For Elderly Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Woodbridge Homes For Elderly Inc
Woodbridge Homes For Elderly Inc (EIN: 311549509) is a nonprofit organization based in Morristown, TN, classified under NTEE code L22. The organization reported total revenue of $137K and total assets of $704K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodbridge Homes For Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodbridge Homes For Elderly Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $144K |
| Surplus / Deficit | $-11,284 |
| Total Assets | $709K |
| Total Liabilities | $1.2M |
| Net Assets | $-528,344 |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 174.5% |
| Months of Reserves | 59.0 months |
Financial Health Grade: C
In 2023, Woodbridge Homes For Elderly Inc reported a deficit of $11K with expenses exceeding revenue, holds 59.0 months of operating reserves (strong position), has a debt-to-asset ratio of 174.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Woodbridge Homes For Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | -12.5% | -2.1% |
| 2022 | -6.9% | +16.7% | -5.4% |
| 2021 | -1.8% | +0.8% | -3.0% |
| 2020 | +2.6% | -5.0% | +0.7% |
| 2019 | +19.6% | +5.8% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Woodbridge Homes For Elderly Inc 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 Woodbridge Homes For Elderly Inc 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 $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 174.5%.
Frequently Asked Questions about Woodbridge Homes For Elderly Inc
Is Woodbridge Homes For Elderly Inc a legitimate charity?
Woodbridge Homes For Elderly Inc (EIN: 311549509) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $137K. No red flags identified. Financial health grade: C.
How does Woodbridge Homes For Elderly Inc spend its money?
Woodbridge Homes For Elderly Inc reported $137K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Woodbridge Homes For Elderly Inc tax-deductible?
Woodbridge Homes For Elderly Inc is registered as a tax-exempt nonprofit (EIN: 311549509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Woodbridge Homes For Elderly Inc located?
Woodbridge Homes For Elderly Inc is headquartered in Morristown, Tennessee and files with the IRS under EIN 311549509. It is classified under NTEE code L22.
How many years of IRS 990 filings does Woodbridge Homes For Elderly Inc have?
Woodbridge Homes For Elderly Inc has 13 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 $137K in total revenue.
Filing History
IRS 990 filing history for Woodbridge Homes For Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Woodbridge Homes For Elderly Inc's revenue has grown by 66.7%, moving from $80K to $133K. Total assets decreased by 22.2% over the same period, from $911K to $709K. Total functional expenses rose by 28.4%, from $112K to $144K. In its most recent filing year (2023), Woodbridge Homes For Elderly Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $709K in assets (debt-to-asset ratio: 174.5%), resulting in net assets of $-528,344.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $144K | $709K | $1.2M | — | — |
| 2022 | $121K | $165K | $724K | $1.2M | — | — |
| 2021 | $130K | $141K | $766K | $1.2M | — | View 990 |
| 2020 | $133K | $140K | $789K | $1.3M | — | View 990 |
| 2019 | $129K | $147K | $784K | $1.2M | — | View 990 |
| 2018 | $108K | $139K | $800K | $1.2M | — | View 990 |
| 2017 | $120K | $126K | $830K | $1.2M | — | View 990 |
| 2016 | $109K | $118K | $837K | $1.2M | — | View 990 |
| 2015 | $106K | $120K | $841K | $1.2M | — | View 990 |
| 2014 | $101K | $118K | $854K | $1.2M | — | View 990 |
| 2013 | $98K | $112K | $871K | $1.2M | — | View 990 |
| 2012 | $82K | $107K | $891K | $1.2M | — | View 990 |
| 2011 | $80K | $112K | $911K | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $144K, and assets of $709K (revenue +9.5% year-over-year).
- 2022: Revenue of $121K, expenses of $165K, and assets of $724K (revenue -6.9% year-over-year).
- 2021: Revenue of $130K, expenses of $141K, and assets of $766K (revenue -1.8% year-over-year).
- 2020: Revenue of $133K, expenses of $140K, and assets of $789K (revenue +2.6% year-over-year).
- 2019: Revenue of $129K, expenses of $147K, and assets of $784K (revenue +19.6% year-over-year).
- 2018: Revenue of $108K, expenses of $139K, and assets of $800K (revenue -9.8% year-over-year).
- 2017: Revenue of $120K, expenses of $126K, and assets of $830K (revenue +10.3% year-over-year).
- 2016: Revenue of $109K, expenses of $118K, and assets of $837K (revenue +2.4% year-over-year).
- 2015: Revenue of $106K, expenses of $120K, and assets of $841K (revenue +5.0% year-over-year).
- 2014: Revenue of $101K, expenses of $118K, and assets of $854K (revenue +3.3% year-over-year).
- 2013: Revenue of $98K, expenses of $112K, and assets of $871K (revenue +19.1% year-over-year).
- 2012: Revenue of $82K, expenses of $107K, and assets of $891K (revenue +3.1% year-over-year).
- 2011: Revenue of $80K, expenses of $112K, and assets of $911K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodbridge Homes For Elderly Inc:
Data Sources and Methodology
This transparency report for Woodbridge Homes For Elderly 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.