Passes our checks

Levi Towers Inc

EIN 71-0508917 · Hot Springs, AR

Public records show a registered, tax-exempt organization in good standing.

What it says it does

OPERATION OF LOW INCOME, ELDERLY HOUSING PROJECT IN HOT SPRINGS, ARKANSAS.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 47 out of 100. Higher than 31% of charities in its peer group (housing, $1m to $10m).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20
It owes 96% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 13% of income.
Income trend
15 of 15
Income rose 5% on the year before.
Spending floor
15 of 15
80% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 58 out of 100. Higher than 10% of charities in its peer group (housing, $1m to $10m).

Independent board
25 of 25
7 of 7 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
Independent check of accounts
15 of 15
Its accounts were audited by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$921,871 spent. LEVI TOWERS, INC. (THE PROJECT) IS A NONPROFIT CORPORATION THAT OPERATES A LOW INCOME, ELDERLY HOUSING PROJECT IN HOT SPRINGS, ARKANSAS. THE PROJECT CONSISTS OF 102 APARTMENTS AND WAS REFINANCED UNDER SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED, AND IS ADMINISTERED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT IS ALSO SUBJECT TO A SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENT WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED FROM HUD.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 1978.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.