Albany County Rural Housing
Albany County Rural Housing consistently operates with 0% officer compensation amidst fluctuating but growing revenues.
EIN: 141635645 · Voorheesville, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.4M |
| Program Spending | 90% |
| Net Assets | $145K |
| Transparency Score | 95/100 |
Is Albany County Rural Housing Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Albany County Rural Housing directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Albany County Rural Housing
Albany County Rural Housing (EIN: 141635645) is a nonprofit organization based in Voorheesville, NY, classified under NTEE code L20Z. The organization reported total revenue of $2.1M and total assets of $510K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Albany County Rural Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Albany County Rural Housing is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-54,928 |
| Total Assets | $201K |
| Total Liabilities | $56K |
| Net Assets | $145K |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 27.9% |
| Months of Reserves | 1.7 months |
Financial Health Grade: C
In 2023, Albany County Rural Housing reported a deficit of $55K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 27.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Albany County Rural Housing's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.7% | +42.8% | -20.5% |
| 2022 | +14.9% | -8.1% | -28.4% |
| 2021 | +45.3% | +77.7% | -30.7% |
| 2020 | +28.8% | +29.7% | +12.3% |
| 2019 | -18.2% | -24.8% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Albany County Rural Housing with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Albany County Rural Housing allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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.
Strengths
The following positive indicators were identified for Albany County Rural Housing:
- Consistent 0% officer compensation, indicating high efficiency in leadership costs.
- Healthy asset-to-liability ratio, suggesting financial stability.
- Consistent filing history, demonstrating transparency and compliance.
- Growing revenue trend over the past several years, indicating increasing support or activity.
Frequently Asked Questions about Albany County Rural Housing
Is Albany County Rural Housing a legitimate charity?
Albany County Rural Housing (EIN: 141635645) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Albany County Rural Housing spend its money?
Albany County Rural Housing directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Albany County Rural Housing tax-deductible?
Albany County Rural Housing is registered as a tax-exempt nonprofit (EIN: 141635645). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Albany County Rural Housing's spending goes to programs?
Albany County Rural Housing directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Albany County Rural Housing compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Albany County Rural Housing is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Albany County Rural Housing located?
Albany County Rural Housing is headquartered in Voorheesville, New York and files with the IRS under EIN 141635645. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Albany County Rural Housing have?
Albany County Rural Housing has 13 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 $2.1M in total revenue.
Is Albany County Rural Housing a good charity?
Based on the available data, Albany County Rural Housing appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries. Its program spending is likely very high given this fact.
How has Albany County Rural Housing's revenue trended?
Albany County Rural Housing's revenue has generally trended upwards over the past decade, from $614,439 in 201506 to $1,385,061 in 202306, with some fluctuations.
What is the financial stability of Albany County Rural Housing?
The organization appears financially stable, consistently maintaining a positive asset balance and a healthy asset-to-liability ratio. For example, in 202306, assets were $201,367 against liabilities of $56,221.
Filing History
IRS 990 filing history for Albany County Rural Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Albany County Rural Housing's revenue has declined by 15.8%, moving from $1.6M to $1.4M. Total assets decreased by 40.5% over the same period, from $338K to $201K. Total functional expenses fell by 11%, from $1.6M to $1.4M. In its most recent filing year (2023), Albany County Rural Housing reported a deficit of $55K, with expenses exceeding revenue. The organization holds $56K in liabilities against $201K in assets (debt-to-asset ratio: 27.9%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $201K | $56K | — | View 990 |
| 2022 | $1.1M | $1.0M | $253K | $53K | — | View 990 |
| 2021 | $944K | $1.1M | $354K | $230K | — | View 990 |
| 2020 | $650K | $617K | $511K | $233K | — | View 990 |
| 2019 | $504K | $476K | $455K | $209K | — | View 990 |
| 2018 | $616K | $633K | $441K | $223K | — | View 990 |
| 2017 | $645K | $646K | $304K | $70K | — | View 990 |
| 2016 | $577K | $525K | $290K | $55K | — | View 990 |
| 2015 | $614K | $651K | $242K | $59K | — | View 990 |
| 2014 | $1.2M | $1.2M | $304K | $84K | — | View 990 |
| 2013 | $1.6M | $1.6M | $348K | $86K | — | View 990 |
| 2012 | $1.2M | $1.2M | $431K | $180K | — | View 990 |
| 2011 | $1.6M | $1.6M | $338K | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $201K (revenue +27.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.0M, and assets of $253K (revenue +14.9% year-over-year).
- 2021: Revenue of $944K, expenses of $1.1M, and assets of $354K (revenue +45.3% year-over-year).
- 2020: Revenue of $650K, expenses of $617K, and assets of $511K (revenue +28.8% year-over-year).
- 2019: Revenue of $504K, expenses of $476K, and assets of $455K (revenue -18.2% year-over-year).
- 2018: Revenue of $616K, expenses of $633K, and assets of $441K (revenue -4.5% year-over-year).
- 2017: Revenue of $645K, expenses of $646K, and assets of $304K (revenue +11.8% year-over-year).
- 2016: Revenue of $577K, expenses of $525K, and assets of $290K (revenue -6.1% year-over-year).
- 2015: Revenue of $614K, expenses of $651K, and assets of $242K (revenue -48.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $304K (revenue -25.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $348K (revenue +30.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $431K (revenue -25.5% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $338K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Albany County Rural Housing:
Data Sources and Methodology
This transparency report for Albany County Rural Housing 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.