Bennett Housing Corporation
Bennett Housing Corporation: Consistent Operations, Limited Growth
EIN: 222474060 · Weatogue, CT · Updated: 2026-04-04
Is Bennett Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bennett Housing Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bennett Housing Corporation
Bennett Housing Corporation (EIN: 222474060) is a nonprofit organization based in Weatogue, CT. The organization reported total revenue of $595K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bennett Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bennett Housing Corporation is a small nonprofit that has been operating for 42 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 145.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $459K |
| Total Expenses | $558K |
| Surplus / Deficit | $-99,156 |
| Total Assets | $1.3M |
| Total Liabilities | $1.6M |
| Net Assets | $-303,335 |
| Operating Margin | -21.6% |
| Debt-to-Asset Ratio | 123.0% |
| Months of Reserves | 28.4 months |
Financial Health Grade: C
In 2023, Bennett Housing Corporation reported a deficit of $99K with expenses exceeding revenue, holds 28.4 months of operating reserves (strong position), has a debt-to-asset ratio of 123.0% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bennett Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 145.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | +8.4% | -6.8% |
| 2022 | +4.9% | +1.7% | +3.2% |
| 2021 | +2.1% | +8.3% | -9.7% |
| 2020 | +1.4% | -3.9% | +5.0% |
| 2019 | +1.3% | -3.7% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Bennett 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bennett Housing Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 123.0%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, consistently showing 'c0%', which suggests either a volunteer-led organization or compensation is not disclosed in this format.
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 Bennett Housing Corporation's IRS 990 filings:
- Consistent 'c0%' for compensation across all years could indicate a lack of transparency regarding executive pay, or that the organization is entirely volunteer-run without paid leadership.
- The organization's liabilities have consistently exceeded its assets in recent years (e.g., 2023: assets $1.24M, liabilities $1.62M), raising questions about long-term financial stability.
- A significant drop in revenue from $1.31M in 2017 to $448k in 2018, followed by consistent lower revenues, warrants further investigation into the cause and impact.
Strengths
The following positive indicators were identified for Bennett Housing Corporation:
- The organization has maintained consistent operations and revenue streams for several years, demonstrating stability in its core activities.
- Despite liabilities exceeding assets, the organization has continued to operate, suggesting effective management of its existing resources.
- The consistent reporting of 'c0%' for compensation, if truly indicative of volunteer leadership, represents a high degree of resource allocation directly to mission-related activities.
Frequently Asked Questions about Bennett Housing Corporation
Is Bennett Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bennett Housing Corporation (EIN: 222474060) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Bennett Housing Corporation spend its money?
Bennett Housing Corporation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bennett Housing Corporation tax-deductible?
Bennett Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222474060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Bennett Housing Corporation do?
Bennett Housing Corporation is a nonprofit organization in the Unknown sector, located in Weatogue, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Bennett Housing Corporation have?
Bennett Housing Corporation reported total revenue of $594,724. Based on 14 IRS 990 filings on record.
What are Bennett Housing Corporation's total assets?
Bennett Housing Corporation holds total assets of $1,237,508 as reported in IRS 990 filings.
Where is Bennett Housing Corporation located?
Bennett Housing Corporation is based in Weatogue, Connecticut.
What is Bennett Housing Corporation's EIN?
Bennett Housing Corporation's Employer Identification Number (EIN) is 222474060. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bennett Housing Corporation?
Bennett Housing Corporation is classified under NTEE code Unknown (Unknown).
Is Bennett Housing Corporation a registered 501(c)(3)?
Bennett Housing Corporation appears in IRS records (EIN: 222474060). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bennett Housing Corporation file IRS Form 990?
Yes, Bennett Housing Corporation has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bennett Housing Corporation's revenue in 2023?
In the 202312 filing period, Bennett Housing Corporation reported total revenue of $458,920, total expenses of $558,076, and net assets of $1,320,803.
Is Bennett Housing Corporation's revenue growing or declining?
Bennett Housing Corporation's revenue is declining. Revenue went from $492,950 (202212) to $458,920 (202312), a -6.9% change. Based on 14 filings on record.
What is Bennett Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Bennett Housing Corporation covers tax period 202312. It shows revenue of $458,920, expenses of $558,076, total assets of $1,320,803, and liabilities of $1,624,138.
How much does Bennett Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Bennett Housing Corporation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Bennett Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Bennett Housing Corporation appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Bennett Housing Corporation?
The following concerns were identified: Consistent 'c0%' for compensation across all years could indicate a lack of transparency regarding executive pay, or that the organization is entirely volunteer-run without paid leadership.. The organization's liabilities have consistently exceeded its assets in recent years (e.g., 2023: assets $1.24M, liabilities $1.62M), raising questions about long-term financial stability.. A significant drop in revenue from $1.31M in 2017 to $448k in 2018, followed by consistent lower revenues, warrants further investigation into the cause and impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bennett Housing Corporation's strengths?
Positive indicators for Bennett Housing Corporation include: The organization has maintained consistent operations and revenue streams for several years, demonstrating stability in its core activities.. Despite liabilities exceeding assets, the organization has continued to operate, suggesting effective management of its existing resources.. The consistent reporting of 'c0%' for compensation, if truly indicative of volunteer leadership, represents a high degree of resource allocation directly to mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Bennett Housing Corporation compensate executives?
Executive compensation is not reported in the provided filings, consistently showing 'c0%', which suggests either a volunteer-led organization or compensation is not disclosed in this format. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation, how does Bennett Housing Corporation manage its leadership and operational oversight?
The consistent 'c0%' for compensation suggests that the organization may be entirely volunteer-led, or that compensation for key personnel is covered through other means not disclosed in these specific filings. Further inquiry into their governance structure and staffing model would be necessary to understand how leadership and operational oversight are maintained without reported executive compensation.
What caused the significant revenue drop from $1.31M in 2017 to $448k in 2018, and how did the organization adapt?
The data shows a sharp decline in revenue from $1,310,341 in 2017 to $448,076 in 2018. This significant change would typically indicate a major shift in funding sources, program scope, or operational model. The organization appears to have adapted by maintaining operations at a lower revenue level, suggesting a successful, albeit smaller, recalibration of its activities.
Filing History
IRS 990 filing history for Bennett Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bennett Housing Corporation's revenue has grown by 11472900%, moving from $4 to $459K. In its most recent filing year (2023), Bennett Housing Corporation reported a deficit of $99K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.3M in assets (debt-to-asset ratio: 123.0%), resulting in net assets of $-303,335.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $459K | $558K | $1.3M | $1.6M | — | — |
| 2022 | $493K | $515K | $1.4M | $1.6M | — | View 990 |
| 2021 | $470K | $506K | $1.4M | $1.7M | — | View 990 |
| 2020 | $460K | $467K | $1.5M | $1.9M | — | View 990 |
| 2019 | $454K | $486K | $1.4M | $1.7M | — | View 990 |
| 2018 | $448K | $505K | $1.5M | $1.7M | — | View 990 |
| 2017 | $1.3M | $390K | $1.6M | $1.7M | — | View 990 |
| 2016 | $2K | $2K | $-15,861 | $0 | — | View 990 |
| 2015 | $592 | $0 | $-16,615 | $0 | — | View 990 |
| 2014 | $2K | $0 | $-17,210 | $0 | — | View 990 |
| 2013 | $447 | $0 | $-18,890 | $0 | — | View 990 |
| 2012 | $696 | $0 | $-19,337 | $0 | — | View 990 |
| 2011 | $819 | $0 | $4K | $24K | — | View 990 |
| 2010 | $4 | $-414 | $-20,852 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $459K, expenses of $558K, and assets of $1.3M (revenue -6.9% year-over-year).
- 2022: Revenue of $493K, expenses of $515K, and assets of $1.4M (revenue +4.9% year-over-year).
- 2021: Revenue of $470K, expenses of $506K, and assets of $1.4M (revenue +2.1% year-over-year).
- 2020: Revenue of $460K, expenses of $467K, and assets of $1.5M (revenue +1.4% year-over-year).
- 2019: Revenue of $454K, expenses of $486K, and assets of $1.4M (revenue +1.3% year-over-year).
- 2018: Revenue of $448K, expenses of $505K, and assets of $1.5M (revenue -65.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $390K, and assets of $1.6M (revenue +54001.6% year-over-year).
- 2016: Revenue of $2K, expenses of $2K, and assets of $-15,861 (revenue +309.1% year-over-year).
- 2015: Revenue of $592, expenses of $0, and assets of $-16,615 (revenue -64.8% year-over-year).
- 2014: Revenue of $2K, expenses of $0, and assets of $-17,210 (revenue +275.8% year-over-year).
- 2013: Revenue of $447, expenses of $0, and assets of $-18,890 (revenue -35.8% year-over-year).
- 2012: Revenue of $696, expenses of $0, and assets of $-19,337 (revenue -15.0% year-over-year).
- 2011: Revenue of $819, expenses of $0, and assets of $4K (revenue +20375.0% year-over-year).
- 2010: Revenue of $4, expenses of $-414, and assets of $-20,852.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bennett Housing Corporation:
Data Sources and Methodology
This transparency report for Bennett 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.