Program service expenses are consistently very low (e.g., $1,955 in 2023), raising questions about the direct impact of the 'affordable housing' mission.
A significant portion of expenses is categorized as 'other expenses' without detailed breakdown, making it difficult to assess operational efficiency.
Despite 'affordable housing' in its name, there's no clear indication of housing units managed or residents served in the provided financial data.
Strengths
Consistent asset base (around $1.5 million) over many years demonstrates financial stability.
Zero reported executive compensation indicates a commitment to minimizing administrative costs at the leadership level.
The organization has maintained its tax-exempt status and operations for an extended period, suggesting resilience.
AI Transparency Report
Torrington Affordable Housing Inc is a housing & shelter nonprofit based in Torrington, Connecticut, with reported revenue of $57K and assets of $1.6M. Our AI analysis assigns a Mission Score of 45/100 (Fair). Approximately 10% of spending goes to programs, 80% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization, which is positive for donor confidence. Revenue has grown +46% across 13 filing periods.