Athens Housing Ventures Fund Inc
Athens Housing Ventures Fund Inc. shows highly variable revenue but consistent zero officer compensation and growing assets.
EIN: 204544790 · Athens, GA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $3K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $2.7M |
| Transparency Score | 85/100 |
Is Athens Housing Ventures Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Athens Housing Ventures Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Athens Housing Ventures Fund Inc
Athens Housing Ventures Fund Inc (EIN: 204544790) is a nonprofit organization based in Athens, GA, classified under NTEE code S20. The organization reported total revenue of $2.2M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Athens Housing Ventures Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Athens Housing Ventures Fund Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $70K |
| Total Expenses | $3K |
| Surplus / Deficit | +$68K |
| Total Assets | $2.7M |
| Net Assets | $2.7M |
| Operating Margin | 96.3% |
| Months of Reserves | 12598.7 months |
Financial Health Grade: A
In 2023, Athens Housing Ventures Fund Inc reported a surplus of $68K with revenue exceeding expenses, holds 12598.7 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2013–2023), Athens Housing Ventures Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -98.2% | -0.4% | -43.8% |
| 2022 | +1896.5% | -24.5% | +459.5% |
| 2021 | +8584.3% | +3.5% | +29.3% |
| 2020 | -97.7% | +22.4% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Athens Housing Ventures Fund Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Athens Housing Ventures Fund Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $68K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which significantly reduces administrative overhead for a nonprofit of its size with current assets of nearly $5 million.
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 Athens Housing Ventures Fund Inc's IRS 990 filings:
- Highly inconsistent revenue streams year-to-year, making financial forecasting difficult.
- Very low reported expenses in some years relative to revenue, potentially indicating significant asset accumulation over immediate program spending.
- Lack of detailed breakdown for program vs. administrative expenses in the provided summary, making it difficult to precisely determine spending efficiency without further detail.
Strengths
The following positive indicators were identified for Athens Housing Ventures Fund Inc:
- Consistent 0% officer compensation, indicating very low administrative overhead related to executive salaries.
- Strong asset growth over the past decade, from $2,049,254 in 2014 to $4,956,731 currently, providing long-term financial stability.
- Consistently reports $0 in liabilities in most recent filings, indicating a very healthy balance sheet with no debt.
- Focus on housing (NTEE Code S20) aligns with a critical community need.
Frequently Asked Questions about Athens Housing Ventures Fund Inc
Is Athens Housing Ventures Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Athens Housing Ventures Fund Inc (EIN: 204544790) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Athens Housing Ventures Fund Inc spend its money?
Athens Housing Ventures Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Athens Housing Ventures Fund Inc tax-deductible?
Athens Housing Ventures Fund Inc is registered as a tax-exempt nonprofit (EIN: 204544790). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Athens Housing Ventures Fund Inc CEO make?
Athens Housing Ventures Fund Inc's highest-compensated officer earns $5 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Athens Housing Ventures Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Athens Housing Ventures Fund Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Athens Housing Ventures Fund Inc located?
Athens Housing Ventures Fund Inc is headquartered in Athens, Georgia and files with the IRS under EIN 204544790. It is classified under NTEE code S20.
How many years of IRS 990 filings does Athens Housing Ventures Fund Inc have?
Athens Housing Ventures Fund Inc has 11 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 $2.2M in total revenue.
How does Athens Housing Ventures Fund Inc. manage such significant revenue fluctuations year-to-year?
The organization's revenue has varied wildly, from $0 in 2017 and 2018 to $4,000,000 in 2022. This suggests reliance on large, infrequent grants or specific project funding rather than consistent, diversified income streams.
What is the primary use of funds given the low reported expenses in some years?
In periods like 2023, with $70,276 in revenue and only $2,605 in expenses, a significant portion of income appears to be retained or invested, contributing to the substantial growth in assets from $2,049,254 in 2014 to $4,956,731 currently, rather than being spent on immediate operational or program costs.
How does the organization sustain operations with 0% officer compensation?
The consistent reporting of 0% officer compensation implies that the organization is either entirely volunteer-run at the executive level or that compensation is structured in a way that it is not reported as officer compensation on the 990, which is unusual for an organization with nearly $5 million in assets.
Filing History
IRS 990 filing history for Athens Housing Ventures Fund Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Athens Housing Ventures Fund Inc's revenue has grown by 997.2%, moving from $6K to $70K. Total assets increased by 84.9% over the same period, from $1.5M to $2.7M. Total functional expenses fell by 35.7%, from $4K to $3K. In its most recent filing year (2023), Athens Housing Ventures Fund Inc reported a surplus of $68K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $70K | $3K | $2.7M | $0 | — | View 990 |
| 2022 | $4.0M | $3K | $4.9M | $0 | — | View 990 |
| 2021 | $200K | $3K | $870K | $0 | — | — |
| 2020 | $2K | $3K | $673K | $0 | — | — |
| 2019 | $100K | $3K | $674K | $0 | — | View 990 |
| 2018 | $0 | $3K | $577K | $0 | — | View 990 |
| 2017 | $0 | $109K | $580K | $0 | — | View 990 |
| 2016 | $0 | $896K | $688K | $0 | — | View 990 |
| 2015 | $546 | $402K | $1.6M | $0 | — | View 990 |
| 2014 | $1.1M | $627K | $2.0M | $63K | — | View 990 |
| 2013 | $6K | $4K | $1.5M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $70K, expenses of $3K, and assets of $2.7M (revenue -98.2% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3K, and assets of $4.9M (revenue +1896.5% year-over-year).
- 2021: Revenue of $200K, expenses of $3K, and assets of $870K (revenue +8584.3% year-over-year).
- 2020: Revenue of $2K, expenses of $3K, and assets of $673K (revenue -97.7% year-over-year).
- 2019: Revenue of $100K, expenses of $3K, and assets of $674K.
- 2018: Revenue of $0, expenses of $3K, and assets of $577K.
- 2017: Revenue of $0, expenses of $109K, and assets of $580K.
- 2016: Revenue of $0, expenses of $896K, and assets of $688K (revenue -100.0% year-over-year).
- 2015: Revenue of $546, expenses of $402K, and assets of $1.6M (revenue -100.0% year-over-year).
- 2014: Revenue of $1.1M, expenses of $627K, and assets of $2.0M (revenue +17637.3% year-over-year).
- 2013: Revenue of $6K, expenses of $4K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Athens Housing Ventures Fund Inc:
Data Sources and Methodology
This transparency report for Athens Housing Ventures Fund 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.