Consistent reporting of $0 executive compensation raises questions about the true cost of leadership and potential hidden compensation structures.
The organization has consistently spent more than its revenue in recent years (e.g., 2023 expenses of $3,408,256 against revenue of $3,221,022), indicating a reliance on reserves or other funding sources.
The liability figure has significantly increased from $97,553 in 2021 to $499,124 in 2023, suggesting growing financial obligations.
Strengths
The organization has a long operating history with consistent revenue generation over the past decade.
Total assets have remained relatively stable, indicating a foundational level of financial health despite recent deficits.
The mission to provide housing opportunities is critical and directly addresses a significant community need.
AI Transparency Report
Housing Opportunities Corporation is a housing & shelter nonprofit based in Providence, Rhode Island, with reported revenue of $3.7M and assets of $1.7M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, which is highly atypical and warrants further investigation to understand how leadership is compensated or if services are entirely pro-bono. Revenue has grown +60% across 11 filing periods.