Affordable Housing Alliance Of Connecticut Inc
Affordable Housing Alliance of CT: Declining Revenue, High Administrative Costs
EIN: 222976696 · Wethersfield, CT · NTEE: L80F · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $377K |
| Total Expenses | $504K |
| Program Spending | 50% |
| Net Assets | $29K |
| Transparency Score | 65/100 |
Is Affordable Housing Alliance Of Connecticut Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Affordable Housing Alliance Of Connecticut Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Affordable Housing Alliance Of Connecticut Inc
Affordable Housing Alliance Of Connecticut Inc (EIN: 222976696) is a nonprofit organization based in Wethersfield, CT, classified under NTEE code L80F. The organization reported total revenue of $377K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Affordable Housing Alliance Of Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Affordable Housing Alliance Of Connecticut Inc is a small nonprofit that has been operating for 37 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $377K |
| Total Expenses | $504K |
| Surplus / Deficit | $-127,213 |
| Total Assets | $78K |
| Total Liabilities | $49K |
| Net Assets | $29K |
| Operating Margin | -33.8% |
| Debt-to-Asset Ratio | 62.6% |
| Months of Reserves | 1.9 months |
Financial Health Grade: D
In 2019, Affordable Housing Alliance Of Connecticut Inc reported a deficit of $127K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 62.6% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Affordable Housing Alliance Of Connecticut Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -44.0% | -25.2% | -66.4% |
| 2018 | +10.0% | +11.5% | +11.0% |
| 2017 | -21.9% | -27.7% | -13.7% |
| 2016 | -19.5% | -14.0% | -18.4% |
| 2015 | +28.6% | +19.7% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Affordable Housing Alliance Of Connecticut Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Affordable Housing Alliance Of Connecticut Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 62.6%.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing an assessment.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Affordable Housing Alliance Of Connecticut Inc's IRS 990 filings:
- Significant and consistent decline in revenue over the past five years, from $973,037 in 2015 to $376,865 in 2019.
- Total expenses ($504,078 in 2019) consistently exceed total revenue ($376,865 in 2019), indicating operational deficits.
- Assets have sharply decreased from $455,190 in 2013 to $78,150 in 2019, raising concerns about financial stability.
Strengths
The following positive indicators were identified for Affordable Housing Alliance Of Connecticut Inc:
- The organization has maintained its tax-exempt status (L80F) over the years.
- Despite financial challenges, the organization has continued to operate for at least seven years based on available filings.
Frequently Asked Questions about Affordable Housing Alliance Of Connecticut Inc
Is Affordable Housing Alliance Of Connecticut Inc a legitimate charity?
Affordable Housing Alliance Of Connecticut Inc (EIN: 222976696) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $377K. 3 red flags identified. 2 strengths noted. Financial health grade: D.
How does Affordable Housing Alliance Of Connecticut Inc spend its money?
Affordable Housing Alliance Of Connecticut Inc directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Affordable Housing Alliance Of Connecticut Inc tax-deductible?
Affordable Housing Alliance Of Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 222976696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Affordable Housing Alliance Of Connecticut Inc's spending goes to programs?
Affordable Housing Alliance Of Connecticut Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Affordable Housing Alliance Of Connecticut Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Affordable Housing Alliance Of Connecticut Inc is above average for NTEE category L80F nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Affordable Housing Alliance Of Connecticut Inc located?
Affordable Housing Alliance Of Connecticut Inc is headquartered in Wethersfield, Connecticut and files with the IRS under EIN 222976696. It is classified under NTEE code L80F.
How many years of IRS 990 filings does Affordable Housing Alliance Of Connecticut Inc have?
Affordable Housing Alliance Of Connecticut Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $377K in total revenue.
What does Affordable Housing Alliance Of Connecticut Inc do?
Affordable Housing Alliance Of Connecticut Inc is a nonprofit organization in the Housing & Shelter sector, located in Wethersfield, Connecticut. It is classified under NTEE code L80F.
How much revenue does Affordable Housing Alliance Of Connecticut Inc have?
Affordable Housing Alliance Of Connecticut Inc reported total revenue of $376,865. Based on 9 IRS 990 filings on record.
What are Affordable Housing Alliance Of Connecticut Inc's total assets?
Affordable Housing Alliance Of Connecticut Inc holds total assets of $78,150 as reported in IRS 990 filings.
Where is Affordable Housing Alliance Of Connecticut Inc located?
Affordable Housing Alliance Of Connecticut Inc is based in Wethersfield, Connecticut.
What is Affordable Housing Alliance Of Connecticut Inc's EIN?
Affordable Housing Alliance Of Connecticut Inc's Employer Identification Number (EIN) is 222976696. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Affordable Housing Alliance Of Connecticut Inc?
Affordable Housing Alliance Of Connecticut Inc is classified under NTEE code L80F (Housing & Shelter).
Is Affordable Housing Alliance Of Connecticut Inc a registered 501(c)(3)?
Yes, Affordable Housing Alliance Of Connecticut Inc is recognized as a tax-exempt organization by the IRS. EIN: 222976696.
Does Affordable Housing Alliance Of Connecticut Inc file IRS Form 990?
Yes, Affordable Housing Alliance Of Connecticut Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Affordable Housing Alliance Of Connecticut Inc's revenue in 2019?
In the 201912 filing period, Affordable Housing Alliance Of Connecticut Inc reported total revenue of $376,865, total expenses of $504,078, and net assets of $78,150.
Is Affordable Housing Alliance Of Connecticut Inc's revenue growing or declining?
Affordable Housing Alliance Of Connecticut Inc's revenue is declining. Revenue went from $673,205 (201812) to $376,865 (201912), a -44.0% change. Based on 9 filings on record.
What is Affordable Housing Alliance Of Connecticut Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Affordable Housing Alliance Of Connecticut Inc covers tax period 201912. It shows revenue of $376,865, expenses of $504,078, total assets of $78,150, and liabilities of $48,908.
How much does Affordable Housing Alliance Of Connecticut Inc spend on programs vs administration?
Based on IRS 990 analysis, Affordable Housing Alliance Of Connecticut Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Affordable Housing Alliance Of Connecticut Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Affordable Housing Alliance Of Connecticut Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Affordable Housing Alliance Of Connecticut Inc?
The following concerns were identified: Significant and consistent decline in revenue over the past five years, from $973,037 in 2015 to $376,865 in 2019.. Total expenses ($504,078 in 2019) consistently exceed total revenue ($376,865 in 2019), indicating operational deficits.. Assets have sharply decreased from $455,190 in 2013 to $78,150 in 2019, raising concerns about financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Affordable Housing Alliance Of Connecticut Inc's strengths?
Positive indicators for Affordable Housing Alliance Of Connecticut Inc include: The organization has maintained its tax-exempt status (L80F) over the years.. Despite financial challenges, the organization has continued to operate for at least seven years based on available filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Affordable Housing Alliance Of Connecticut Inc compensate executives?
Executive compensation information is not provided in the given data, preventing an assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs are being funded, and how have they been impacted by the significant decline in revenue and assets?
The provided data does not detail specific programs or their funding allocations, making it impossible to assess the impact of financial declines on program delivery.
Given the consistent operational deficits (expenses exceeding revenue), what strategies are in place to achieve financial sustainability?
The data indicates a trend of expenses surpassing revenue, but it does not provide insight into the organization's strategies for addressing these deficits or achieving long-term financial sustainability.
Filing History
IRS 990 filing history for Affordable Housing Alliance Of Connecticut Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Affordable Housing Alliance Of Connecticut Inc's revenue has declined by 27.2%, moving from $518K to $377K. Total assets decreased by 82.8% over the same period, from $454K to $78K. Total functional expenses fell by 24.5%, from $668K to $504K. In its most recent filing year (2019), Affordable Housing Alliance Of Connecticut Inc reported a deficit of $127K, with expenses exceeding revenue. The organization holds $49K in liabilities against $78K in assets (debt-to-asset ratio: 62.6%), resulting in net assets of $29K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $377K | $504K | $78K | $49K | — | View 990 |
| 2018 | $673K | $674K | $232K | $76K | — | View 990 |
| 2017 | $612K | $604K | $209K | $74K | — | View 990 |
| 2016 | $783K | $835K | $242K | $114K | — | View 990 |
| 2015 | $973K | $971K | $297K | $117K | — | View 990 |
| 2014 | $757K | $811K | $276K | $98K | — | View 990 |
| 2013 | $648K | $738K | $455K | $222K | — | View 990 |
| 2012 | $591K | $676K | $372K | $48K | — | View 990 |
| 2011 | $518K | $668K | $454K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $377K, expenses of $504K, and assets of $78K (revenue -44.0% year-over-year).
- 2018: Revenue of $673K, expenses of $674K, and assets of $232K (revenue +10.0% year-over-year).
- 2017: Revenue of $612K, expenses of $604K, and assets of $209K (revenue -21.9% year-over-year).
- 2016: Revenue of $783K, expenses of $835K, and assets of $242K (revenue -19.5% year-over-year).
- 2015: Revenue of $973K, expenses of $971K, and assets of $297K (revenue +28.6% year-over-year).
- 2014: Revenue of $757K, expenses of $811K, and assets of $276K (revenue +16.9% year-over-year).
- 2013: Revenue of $648K, expenses of $738K, and assets of $455K (revenue +9.5% year-over-year).
- 2012: Revenue of $591K, expenses of $676K, and assets of $372K (revenue +14.3% year-over-year).
- 2011: Revenue of $518K, expenses of $668K, and assets of $454K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Affordable Housing Alliance Of Connecticut Inc:
Data Sources and Methodology
This transparency report for Affordable Housing Alliance Of Connecticut Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.