Is Community Housing Coalition Of Madison County Inc Legit?

Community Housing Coalition Of Madison County Inc demonstrates a strong and consistent growth trajectory in its financial health, with revenue increasing significantly from $131,963 in 2015 to $1,478,013 in 2023. The organization consistently manages its expenses below its revenue, leading to a healthy accumulation of assets, which grew from $117,196 in 2015 to $1,659,196 in 2023. This indicates effective financial management and the ability to build reserves for future programs. The organization's spending efficiency appears robust, as evidenced by the consistent surplus of revenue over expenses across multiple years. For instance, in 2023, expenses were $1,317,110 against revenues of $1,478,013, suggesting a significant portion of funds are directed towards its mission. The absence of reported officer compensation across all available filings is a notable indicator of transparency and a commitment to directing resources towards programmatic activities rather than executive salaries. This practice enhances donor confidence and reflects a lean operational model. Overall, the financial data points to a well-managed and growing nonprofit with a strong focus on its mission, supported by increasing assets and a clear commitment to financial prudence. The consistent growth in assets and revenue, coupled with no reported officer compensation, suggests a highly transparent and efficient operation.