Bvarc Housing
EIN: 50484094 · Pawtucket, RI · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $165K |
| Total Expenses | $144K |
| Net Assets | $-489,551 |
Is Bvarc Housing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bvarc Housing
Bvarc Housing (EIN: 50484094) is a nonprofit organization based in Pawtucket, RI, classified under NTEE code L20. The organization reported total revenue of $165K and total assets of $601K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bvarc Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bvarc Housing is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $144K |
| Surplus / Deficit | +$7K |
| Total Assets | $623K |
| Total Liabilities | $1.1M |
| Net Assets | $-489,551 |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 178.5% |
| Months of Reserves | 52.1 months |
Financial Health Grade: A
In 2024, Bvarc Housing reported a surplus of $7K with revenue exceeding expenses, holds 52.1 months of operating reserves (strong position), has a debt-to-asset ratio of 178.5% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Bvarc Housing's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +12.1% | -6.3% | +0.8% |
| 2023 | -2.0% | +4.6% | -2.0% |
| 2022 | +0.7% | -2.4% | -2.0% |
| 2021 | +0.0% | +6.8% | -1.4% |
| 2020 | +5.4% | -3.5% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bvarc Housing has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bvarc Housing with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 178.5%.
Frequently Asked Questions about Bvarc Housing
Is Bvarc Housing a legitimate charity?
Bvarc Housing (EIN: 50484094) is a registered tax-exempt nonprofit based in Rhode Island. It has 14 years of IRS 990 filings on record. Total revenue: $165K. No red flags identified. Financial health grade: A.
How does Bvarc Housing spend its money?
Bvarc Housing reported $165K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bvarc Housing tax-deductible?
Bvarc Housing is registered as a tax-exempt nonprofit (EIN: 50484094). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bvarc Housing located?
Bvarc Housing is headquartered in Pawtucket, Rhode Island and files with the IRS under EIN 50484094. It is classified under NTEE code L20.
How many years of IRS 990 filings does Bvarc Housing have?
Bvarc Housing has 14 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 $165K in total revenue.
Filing History
IRS 990 filing history for Bvarc Housing showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Bvarc Housing's revenue has grown by 41.5%, moving from $106K to $151K. Total assets decreased by 27.9% over the same period, from $864K to $623K. Total functional expenses rose by 26.1%, from $114K to $144K. In its most recent filing year (2024), Bvarc Housing reported a surplus of $7K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $623K in assets (debt-to-asset ratio: 178.5%), resulting in net assets of $-489,551.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $151K | $144K | $623K | $1.1M | — | — |
| 2023 | $134K | $153K | $619K | $1.1M | — | View 990 |
| 2022 | $137K | $146K | $632K | $1.1M | — | View 990 |
| 2021 | $136K | $150K | $644K | $1.1M | — | — |
| 2020 | $136K | $140K | $654K | $1.1M | — | View 990 |
| 2019 | $129K | $146K | $659K | $1.1M | — | View 990 |
| 2018 | $129K | $141K | $677K | $1.1M | — | View 990 |
| 2017 | $120K | $165K | $710K | $1.2M | — | View 990 |
| 2016 | $110K | $150K | $733K | $1.1M | — | View 990 |
| 2015 | $111K | $142K | $764K | $1.1M | — | View 990 |
| 2014 | $106K | $129K | $800K | $1.1M | — | View 990 |
| 2013 | $110K | $142K | $821K | $1.1M | — | View 990 |
| 2012 | $106K | $109K | $862K | $1.1M | — | View 990 |
| 2011 | $106K | $114K | $864K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $151K, expenses of $144K, and assets of $623K (revenue +12.1% year-over-year).
- 2023: Revenue of $134K, expenses of $153K, and assets of $619K (revenue -2.0% year-over-year).
- 2022: Revenue of $137K, expenses of $146K, and assets of $632K (revenue +0.7% year-over-year).
- 2021: Revenue of $136K, expenses of $150K, and assets of $644K (revenue +0.0% year-over-year).
- 2020: Revenue of $136K, expenses of $140K, and assets of $654K (revenue +5.4% year-over-year).
- 2019: Revenue of $129K, expenses of $146K, and assets of $659K (revenue +-0.0% year-over-year).
- 2018: Revenue of $129K, expenses of $141K, and assets of $677K (revenue +8.1% year-over-year).
- 2017: Revenue of $120K, expenses of $165K, and assets of $710K (revenue +8.5% year-over-year).
- 2016: Revenue of $110K, expenses of $150K, and assets of $733K (revenue -0.5% year-over-year).
- 2015: Revenue of $111K, expenses of $142K, and assets of $764K (revenue +4.2% year-over-year).
- 2014: Revenue of $106K, expenses of $129K, and assets of $800K (revenue -3.8% year-over-year).
- 2013: Revenue of $110K, expenses of $142K, and assets of $821K (revenue +4.2% year-over-year).
- 2012: Revenue of $106K, expenses of $109K, and assets of $862K (revenue -0.4% year-over-year).
- 2011: Revenue of $106K, expenses of $114K, and assets of $864K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bvarc Housing:
Data Sources and Methodology
This transparency report for Bvarc 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.