Is University Heights Association Inc Legit?

University Heights Association Inc. demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In the most recent filing (202312), the organization reported revenues of $3,175,795 against expenses of $3,221,692, indicating a slight operating deficit for that period. Despite this, the organization maintains a healthy asset base, with assets reported at $1,119,498 in 202312, significantly exceeding its liabilities of $219,780. This suggests a stable financial position capable of covering short-term obligations. The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can contribute to a higher proportion of funds being directed towards programs. The consistent filing of IRS Form 990s over 13 periods also points to a commitment to transparency, providing a clear historical record of financial operations. While specific program spending ratios are not detailed in the provided data, the absence of officer compensation is a positive indicator for resource allocation. Overall, University Heights Association Inc. appears to be a financially stable organization with a good track record of transparency through its consistent IRS filings. The slight operating deficits in recent years (e.g., 202312, 202212, 202112) warrant monitoring, but the strong asset-to-liability ratio provides a buffer. The lack of reported officer compensation is a notable strength, suggesting efficient use of funds.