Augusta Affordable Housingcorporation
Augusta Affordable Housingcorporation consistently grows assets with minimal expenses and no reported officer compensation.
EIN: 204552515 · Augusta, GA · NTEE: L21 · Updated: 2026-03-28
Is Augusta Affordable Housingcorporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Augusta Affordable Housingcorporation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Augusta Affordable Housingcorporation
Augusta Affordable Housingcorporation (EIN: 204552515) is a nonprofit organization based in Augusta, GA, classified under NTEE code L21. The organization reported total revenue of $1.7M and total assets of $16.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Augusta Affordable Housingcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Augusta Affordable Housingcorporation is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $86K |
| Surplus / Deficit | +$3.4M |
| Total Assets | $14.4M |
| Total Liabilities | $1K |
| Net Assets | $14.4M |
| Operating Margin | 97.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 2021.3 months |
Financial Health Grade: A
In 2023, Augusta Affordable Housingcorporation reported a surplus of $3.4M with revenue exceeding expenses, holds 2021.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Augusta Affordable Housingcorporation's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +376.6% | -7.3% | +22.0% |
| 2022 | +41.7% | +89.8% | +5.7% |
| 2021 | +1183.4% | -4.5% | +19.9% |
| 2020 | -97.3% | +24.4% | -0.1% |
| 2019 | +19.7% | -58.4% | +15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Augusta Affordable Housingcorporation with a Mission Score of 90 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: 95%
- fundraising: 0%
According to IRS 990 filings, Augusta Affordable Housingcorporation allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $3.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating either a fully volunteer-led executive team or that executive salaries are categorized differently and not reported under 'officer compensation' on the 990, which is a strong positive 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 Augusta Affordable Housingcorporation:
- Consistent asset growth, from $4,298,805 in 201403 to $14,445,364 in 202303.
- Extremely low expense ratio relative to revenue, indicating high operational efficiency (e.g., $85,757 expenses vs. $3,493,807 revenue in 202303).
- No reported officer compensation across all filings, suggesting resources are maximized for the mission.
- Strong revenue generation in recent periods, with a peak of $3,493,807 in 202303.
- Low liabilities relative to assets, indicating financial stability (e.g., $1,320 liabilities vs. $14,445,364 assets in 202303).
Frequently Asked Questions about Augusta Affordable Housingcorporation
Is Augusta Affordable Housingcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Augusta Affordable Housingcorporation (EIN: 204552515) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Augusta Affordable Housingcorporation spend its money?
Augusta Affordable Housingcorporation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Augusta Affordable Housingcorporation tax-deductible?
Augusta Affordable Housingcorporation is registered as a tax-exempt nonprofit (EIN: 204552515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Augusta Affordable Housingcorporation manage to have such low expenses relative to its revenue?
The filings consistently show expenses significantly lower than revenue, for example, $85,757 in expenses against $3,493,807 in revenue for the 202303 period. This suggests highly efficient operations, significant in-kind contributions, or that a large portion of revenue is directly invested into assets rather than being expensed in the traditional sense.
What is the primary use of the accumulated assets?
Given the organization's name and NTEE code (L21 - Housing Development, Construction & Management), it is highly probable that the substantial and growing assets ($14,445,364 in 202303) are primarily invested in acquiring, developing, and managing affordable housing properties.
Is the organization transparent about its program activities?
While the financial data indicates strong financial health and efficiency, the 990 filings themselves would need to be reviewed for specific program descriptions to fully assess transparency regarding activities. However, the consistent financial reporting is a good sign of overall transparency.
Filing History
IRS 990 filing history for Augusta Affordable Housingcorporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Augusta Affordable Housingcorporation's revenue has grown by 95.6%, moving from $1.8M to $3.5M. Total assets increased by 454.3% over the same period, from $2.6M to $14.4M. Total functional expenses fell by 45.1%, from $156K to $86K. In its most recent filing year (2023), Augusta Affordable Housingcorporation reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $1K in liabilities against $14.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $14.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $86K | $14.4M | $1K | — | View 990 |
| 2022 | $733K | $93K | $11.8M | $1K | — | View 990 |
| 2021 | $517K | $49K | $11.2M | $0 | — | View 990 |
| 2020 | $40K | $51K | $9.3M | $1K | — | View 990 |
| 2019 | $1.5M | $41K | $9.3M | $1K | — | View 990 |
| 2018 | $1.2M | $99K | $8.1M | $208K | — | View 990 |
| 2017 | $637K | $82K | $6.8M | $44K | — | View 990 |
| 2016 | $672K | $937K | $6.2M | $2K | — | View 990 |
| 2015 | $2.3M | $52K | $6.5M | $87K | — | View 990 |
| 2014 | $1.0M | $77K | $4.3M | $139K | — | View 990 |
| 2013 | $715K | $83K | $3.2M | $529 | — | View 990 |
| 2012 | $1.8M | $156K | $2.6M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $86K, and assets of $14.4M (revenue +376.6% year-over-year).
- 2022: Revenue of $733K, expenses of $93K, and assets of $11.8M (revenue +41.7% year-over-year).
- 2021: Revenue of $517K, expenses of $49K, and assets of $11.2M (revenue +1183.4% year-over-year).
- 2020: Revenue of $40K, expenses of $51K, and assets of $9.3M (revenue -97.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $41K, and assets of $9.3M (revenue +19.7% year-over-year).
- 2018: Revenue of $1.2M, expenses of $99K, and assets of $8.1M (revenue +96.0% year-over-year).
- 2017: Revenue of $637K, expenses of $82K, and assets of $6.8M (revenue -5.2% year-over-year).
- 2016: Revenue of $672K, expenses of $937K, and assets of $6.2M (revenue -71.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $52K, and assets of $6.5M (revenue +134.1% year-over-year).
- 2014: Revenue of $1.0M, expenses of $77K, and assets of $4.3M (revenue +40.3% year-over-year).
- 2013: Revenue of $715K, expenses of $83K, and assets of $3.2M (revenue -60.0% year-over-year).
- 2012: Revenue of $1.8M, expenses of $156K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Augusta Affordable Housingcorporation:
Data Sources and Methodology
This transparency report for Augusta Affordable Housingcorporation 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.