Is Housing Opportunites Team Legit?

Housing Opportunities Team demonstrates consistent financial transparency with readily available IRS 990 filings over a long period. The organization's financial health shows a pattern of expenses exceeding revenue in recent years, leading to a gradual decline in assets. For example, in 2023, revenue was $164,319 while expenses were $205,896, resulting in a deficit. This trend has been observed since at least 2014, where expenses consistently outpaced revenue. While the organization maintains substantial assets relative to its annual revenue, the sustained operational deficit warrants attention. Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the 990s. However, the consistent lack of reported officer compensation (0% in all available filings) suggests a lean operational structure at the executive level. The organization's mission focus, as indicated by its NTEE code L20 (Housing/Shelter), appears to be consistently supported, though the long-term sustainability of its current financial model, with expenses regularly exceeding revenue, is a key consideration. The organization's assets have decreased from $1,840,321 in 2014 to $1,459,759 in 2023, indicating it has been drawing down reserves to cover operational shortfalls.