Audubon Mutual Housing Corporation
Audubon Mutual Housing Corporation faces recent deficits and declining assets despite consistent revenue.
EIN: 210615554 · Audubon Park, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.2M |
| Total Expenses | $5.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $3.4M |
| Transparency Score | 70/100 |
Is Audubon Mutual Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Audubon Mutual Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Audubon Mutual Housing Corporation
Audubon Mutual Housing Corporation (EIN: 210615554) is a nonprofit organization based in Audubon Park, NJ. The organization reported total revenue of $5.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Audubon Mutual Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Audubon Mutual Housing Corporation is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.3M |
| Surplus / Deficit | $-165,170 |
| Total Assets | $4.5M |
| Total Liabilities | $1.1M |
| Net Assets | $3.4M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 25.3% |
| Months of Reserves | 10.3 months |
Financial Health Grade: B
In 2023, Audubon Mutual Housing Corporation reported a deficit of $165K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 25.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Audubon Mutual Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | -2.9% | +0.5% |
| 2022 | +1.2% | -4.4% | -13.9% |
| 2021 | +2.8% | +7.6% | -12.4% |
| 2020 | +3.7% | +15.6% | -7.6% |
| 2019 | +2.6% | +1.6% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1977 |
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 Audubon Mutual Housing Corporation with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Audubon Mutual Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $165K, with expenses exceeding revenue.
- Debt-to-asset ratio: 25.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization with revenues exceeding $5 million annually and suggests a volunteer-led or externally compensated leadership structure.
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 Audubon Mutual Housing Corporation's IRS 990 filings:
- Consistent deficits in recent years (e.g., 2023 expenses $5,271,488 vs. revenue $5,106,318)
- Declining asset base from $6,467,861 in 2019 to $4,525,693 in 2023
- Increasing liabilities from $1,014,308 in 2019 to $1,143,736 in 2023
- Unusually low (0%) reported officer compensation for an organization of this revenue size, which may obscure actual leadership costs if compensated by a related entity.
Strengths
The following positive indicators were identified for Audubon Mutual Housing Corporation:
- Long history of IRS 990 filings (13 filings), indicating consistent reporting
- Substantial revenue base, consistently over $4 million annually
- Significant asset base of $4,525,693 in 2023, providing some financial cushion
- No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership structure.
Frequently Asked Questions about Audubon Mutual Housing Corporation
Is Audubon Mutual Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Audubon Mutual Housing Corporation (EIN: 210615554) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Audubon Mutual Housing Corporation spend its money?
Audubon Mutual Housing Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Audubon Mutual Housing Corporation tax-deductible?
Audubon Mutual Housing Corporation is registered as a tax-exempt nonprofit (EIN: 210615554). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Audubon Mutual Housing Corporation CEO make?
Audubon Mutual Housing Corporation's highest-compensated officer earns $5 annually. The organization reported $5.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Audubon Mutual Housing Corporation's spending goes to programs?
Audubon Mutual Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Audubon Mutual Housing Corporation located?
Audubon Mutual Housing Corporation is headquartered in Audubon Park, New Jersey and files with the IRS under EIN 210615554.
How many years of IRS 990 filings does Audubon Mutual Housing Corporation have?
Audubon Mutual Housing Corporation 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 $5.2M in total revenue.
Is Audubon Mutual Housing Corporation financially sustainable given recent deficits?
The organization has experienced deficits in the last four reported periods (2020-2023), with expenses exceeding revenue. For example, in 2023, expenses were $5,271,488 against revenues of $5,106,318. While it has a substantial asset base, this trend, coupled with increasing liabilities, raises questions about long-term financial sustainability if not addressed.
Why are assets declining while liabilities are increasing?
Assets have declined from a peak of $6,467,861 in 2019 to $4,525,693 in 2023, while liabilities have increased from $1,014,308 in 2019 to $1,143,736 in 2023. This could indicate asset depreciation, divestment, or the use of reserves to cover operational shortfalls, alongside an increased reliance on debt.
What is the nature of the 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable for an organization of this size. It suggests that executive leadership may be entirely volunteer-based, compensated by a related entity, or that the compensation is structured in a way not reported as officer compensation on the 990.
Filing History
IRS 990 filing history for Audubon Mutual Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Audubon Mutual Housing Corporation's revenue has grown by 17.4%, moving from $4.3M to $5.1M. Total assets increased by 38.3% over the same period, from $3.3M to $4.5M. Total functional expenses rose by 33.7%, from $3.9M to $5.3M. In its most recent filing year (2023), Audubon Mutual Housing Corporation reported a deficit of $165K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $4.5M in assets (debt-to-asset ratio: 25.3%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $5.3M | $4.5M | $1.1M | — | View 990 |
| 2022 | $5.0M | $5.4M | $4.5M | $957K | — | View 990 |
| 2021 | $4.9M | $5.7M | $5.2M | $1.1M | — | View 990 |
| 2020 | $4.8M | $5.3M | $6.0M | $1.0M | — | — |
| 2019 | $4.6M | $4.6M | $6.5M | $1.0M | — | View 990 |
| 2018 | $4.5M | $4.5M | $6.4M | $933K | — | View 990 |
| 2017 | $4.4M | $4.3M | $6.2M | $779K | — | View 990 |
| 2016 | $4.3M | $4.0M | $5.9M | $550K | — | View 990 |
| 2015 | $4.4M | $4.3M | $4.7M | $614K | — | View 990 |
| 2014 | $4.5M | $4.4M | $4.2M | $251K | — | View 990 |
| 2013 | $4.3M | $3.7M | $4.3M | $380K | — | View 990 |
| 2012 | $4.3M | $3.9M | $3.5M | $263K | — | View 990 |
| 2011 | $4.3M | $3.9M | $3.3M | $302K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $5.3M, and assets of $4.5M (revenue +3.1% year-over-year).
- 2022: Revenue of $5.0M, expenses of $5.4M, and assets of $4.5M (revenue +1.2% year-over-year).
- 2021: Revenue of $4.9M, expenses of $5.7M, and assets of $5.2M (revenue +2.8% year-over-year).
- 2020: Revenue of $4.8M, expenses of $5.3M, and assets of $6.0M (revenue +3.7% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.6M, and assets of $6.5M (revenue +2.6% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.5M, and assets of $6.4M (revenue +1.7% year-over-year).
- 2017: Revenue of $4.4M, expenses of $4.3M, and assets of $6.2M (revenue +1.9% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.0M, and assets of $5.9M (revenue -0.6% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.3M, and assets of $4.7M (revenue -3.6% year-over-year).
- 2014: Revenue of $4.5M, expenses of $4.4M, and assets of $4.2M (revenue +4.6% year-over-year).
- 2013: Revenue of $4.3M, expenses of $3.7M, and assets of $4.3M (revenue +1.3% year-over-year).
- 2012: Revenue of $4.3M, expenses of $3.9M, and assets of $3.5M (revenue -2.1% year-over-year).
- 2011: Revenue of $4.3M, expenses of $3.9M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Audubon Mutual Housing Corporation:
Data Sources and Methodology
This transparency report for Audubon Mutual Housing Corporation 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.