Is Eastern Lakes Region Housing Coalition Legit?

The Eastern Lakes Region Housing Coalition demonstrates strong financial health and a commendable commitment to its mission, as evidenced by its IRS 990 filings. The organization consistently maintains a healthy asset base, growing from $755,690 in 2020 to $1,115,283 in 2024, indicating sound financial management and stability. Its revenue streams have shown fluctuations but generally support its operational expenses, with the latest reported revenue at $71,123 against expenses of $23,445 in 2024, resulting in a significant surplus that contributes to its asset growth. The organization exhibits excellent spending efficiency, with a very low proportion of expenses dedicated to administrative and fundraising activities. The absence of officer compensation across all reported periods is a significant indicator of efficiency and a volunteer-driven model, allowing a greater percentage of funds to be directed towards program services. This lean operational structure suggests that the vast majority of its resources are directly applied to its housing initiatives. Transparency is high, with consistent annual filings and clear financial reporting. The consistent growth in assets relative to liabilities, with assets at $1,115,283 and liabilities at $258,467 in 2024, further underscores its financial prudence and long-term viability. The organization's financial practices appear to be well-managed, prioritizing program delivery and asset building over overhead.