Carrie P Chandler Housing Development Corporation
Carrie P Chandler Housing Development Corporation: Consistent Revenue, High Liabilities
EIN: 222966342 · Branford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $83K |
| Program Spending | 80% |
| Net Assets | $250K |
| Transparency Score | 75/100 |
Is Carrie P Chandler Housing Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carrie P Chandler Housing Development Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carrie P Chandler Housing Development Corporation
Carrie P Chandler Housing Development Corporation (EIN: 222966342) is a nonprofit organization based in Branford, CT. The organization reported total revenue of $114K and total assets of $507K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carrie P Chandler Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carrie P Chandler Housing Development Corporation is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $83K |
| Surplus / Deficit | +$11K |
| Total Assets | $510K |
| Total Liabilities | $261K |
| Net Assets | $250K |
| Operating Margin | 11.8% |
| Debt-to-Asset Ratio | 51.1% |
| Months of Reserves | 74.0 months |
Financial Health Grade: A
In 2023, Carrie P Chandler Housing Development Corporation reported a surplus of $11K with revenue exceeding expenses, holds 74.0 months of operating reserves (strong position), has a debt-to-asset ratio of 51.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carrie P Chandler Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | +13.8% | -1.8% |
| 2022 | -18.5% | -5.3% | +5.7% |
| 2021 | +25.2% | +7.3% | +6.4% |
| 2020 | -76.1% | +9.6% | +0.2% |
| 2019 | +274.4% | -28.9% | +166.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Carrie P Chandler Housing Development Corporation with a Mission Score of 75 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: 80%
- fundraising: 10%
According to IRS 990 filings, Carrie P Chandler Housing Development Corporation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $11K, with revenue exceeding expenses.
- Debt-to-asset ratio: 51.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating either a fully volunteer-run organization or that compensation is not separately disclosed and is instead included within other expense categories, which warrants further investigation.
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 Carrie P Chandler Housing Development Corporation's IRS 990 filings:
- High liabilities relative to assets, with liabilities exceeding assets in several years (e.g., 2018-2017), raising concerns about long-term financial stability.
- The consistent 0% compensation reported across all years could indicate a lack of transparency regarding executive compensation if it is indeed being paid but not itemized.
- Significant drop in revenue from $370,401 in 2019 to $88,697 in 2020, without a clear explanation in the provided data.
Strengths
The following positive indicators were identified for Carrie P Chandler Housing Development Corporation:
- Consistent revenue generation over multiple years, demonstrating ongoing operational capacity.
- Assets have shown growth in recent years, reaching $507,038 in 2023.
- The organization has maintained operations for an extended period, indicating resilience and established presence.
Frequently Asked Questions about Carrie P Chandler Housing Development Corporation
Is Carrie P Chandler Housing Development Corporation a legitimate charity?
Carrie P Chandler Housing Development Corporation (EIN: 222966342) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $114K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Carrie P Chandler Housing Development Corporation spend its money?
Carrie P Chandler Housing Development Corporation directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Carrie P Chandler Housing Development Corporation tax-deductible?
Carrie P Chandler Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 222966342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carrie P Chandler Housing Development Corporation's spending goes to programs?
Carrie P Chandler Housing Development Corporation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Carrie P Chandler Housing Development Corporation located?
Carrie P Chandler Housing Development Corporation is headquartered in Branford, Connecticut and files with the IRS under EIN 222966342.
How many years of IRS 990 filings does Carrie P Chandler Housing Development Corporation have?
Carrie P Chandler Housing Development 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 $114K in total revenue.
What does Carrie P Chandler Housing Development Corporation do?
Carrie P Chandler Housing Development Corporation is a nonprofit organization in the Unknown sector, located in Branford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Carrie P Chandler Housing Development Corporation have?
Carrie P Chandler Housing Development Corporation reported total revenue of $113,981. Based on 13 IRS 990 filings on record.
What are Carrie P Chandler Housing Development Corporation's total assets?
Carrie P Chandler Housing Development Corporation holds total assets of $507,038 as reported in IRS 990 filings.
Where is Carrie P Chandler Housing Development Corporation located?
Carrie P Chandler Housing Development Corporation is based in Branford, Connecticut.
What is Carrie P Chandler Housing Development Corporation's EIN?
Carrie P Chandler Housing Development Corporation's Employer Identification Number (EIN) is 222966342. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Carrie P Chandler Housing Development Corporation?
Carrie P Chandler Housing Development Corporation is classified under NTEE code Unknown (Unknown).
Is Carrie P Chandler Housing Development Corporation a registered 501(c)(3)?
Carrie P Chandler Housing Development Corporation appears in IRS records (EIN: 222966342). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Carrie P Chandler Housing Development Corporation file IRS Form 990?
Yes, Carrie P Chandler Housing Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Carrie P Chandler Housing Development Corporation's revenue in 2023?
In the 202312 filing period, Carrie P Chandler Housing Development Corporation reported total revenue of $93,803, total expenses of $82,751, and net assets of $510,325.
Is Carrie P Chandler Housing Development Corporation's revenue growing or declining?
Carrie P Chandler Housing Development Corporation's revenue is relatively stable. Revenue went from $90,537 (202212) to $93,803 (202312), a +3.6% change. Based on 13 filings on record.
What is Carrie P Chandler Housing Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Carrie P Chandler Housing Development Corporation covers tax period 202312. It shows revenue of $93,803, expenses of $82,751, total assets of $510,325, and liabilities of $260,563.
How much does Carrie P Chandler Housing Development Corporation spend on programs vs administration?
Based on IRS 990 analysis, Carrie P Chandler Housing Development Corporation allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Carrie P Chandler Housing Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Carrie P Chandler Housing Development Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Carrie P Chandler Housing Development Corporation?
The following concerns were identified: High liabilities relative to assets, with liabilities exceeding assets in several years (e.g., 2018-2017), raising concerns about long-term financial stability.. The consistent 0% compensation reported across all years could indicate a lack of transparency regarding executive compensation if it is indeed being paid but not itemized.. Significant drop in revenue from $370,401 in 2019 to $88,697 in 2020, without a clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Carrie P Chandler Housing Development Corporation's strengths?
Positive indicators for Carrie P Chandler Housing Development Corporation include: Consistent revenue generation over multiple years, demonstrating ongoing operational capacity.. Assets have shown growth in recent years, reaching $507,038 in 2023.. The organization has maintained operations for an extended period, indicating resilience and established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Carrie P Chandler Housing Development Corporation compensate executives?
Executive compensation is reported as 0% in all available filings, indicating either a fully volunteer-run organization or that compensation is not separately disclosed and is instead included within other expense categories, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation, how does the organization manage its operational leadership and administrative functions?
The consistent 0% compensation suggests either a fully volunteer-led model or that executive compensation is embedded within other expense categories (e.g., 'x' for expenses), which would require deeper analysis of their detailed financial statements to understand.
What caused the substantial revenue decrease from $370,401 in 2019 to $88,697 in 2020, and how did the organization adapt to this change?
The provided data does not specify the cause of this significant revenue drop. Understanding the nature of this change (e.g., loss of a major grant, change in funding model) and the organization's response would be crucial for assessing its adaptability and future financial resilience.
Filing History
IRS 990 filing history for Carrie P Chandler Housing Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carrie P Chandler Housing Development Corporation's revenue has grown by 50.2%, moving from $62K to $94K. Total assets increased by 68.3% over the same period, from $303K to $510K. Total functional expenses rose by 15.2%, from $72K to $83K. In its most recent filing year (2023), Carrie P Chandler Housing Development Corporation reported a surplus of $11K, with revenue exceeding expenses. The organization holds $261K in liabilities against $510K in assets (debt-to-asset ratio: 51.1%), resulting in net assets of $250K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $83K | $510K | $261K | — | View 990 |
| 2022 | $91K | $73K | $519K | $281K | — | View 990 |
| 2021 | $111K | $77K | $491K | $270K | — | View 990 |
| 2020 | $89K | $72K | $462K | $275K | — | View 990 |
| 2019 | $370K | $65K | $461K | $292K | — | View 990 |
| 2018 | $99K | $92K | $173K | $309K | — | View 990 |
| 2017 | $79K | $91K | $186K | $329K | — | View 990 |
| 2016 | $79K | $79K | $212K | $342K | — | View 990 |
| 2015 | $77K | $80K | $225K | $356K | — | View 990 |
| 2014 | $74K | $81K | $245K | $374K | — | View 990 |
| 2013 | $70K | $68K | $266K | $388K | — | View 990 |
| 2012 | $66K | $76K | $280K | $404K | — | View 990 |
| 2011 | $62K | $72K | $303K | $417K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $83K, and assets of $510K (revenue +3.6% year-over-year).
- 2022: Revenue of $91K, expenses of $73K, and assets of $519K (revenue -18.5% year-over-year).
- 2021: Revenue of $111K, expenses of $77K, and assets of $491K (revenue +25.2% year-over-year).
- 2020: Revenue of $89K, expenses of $72K, and assets of $462K (revenue -76.1% year-over-year).
- 2019: Revenue of $370K, expenses of $65K, and assets of $461K (revenue +274.4% year-over-year).
- 2018: Revenue of $99K, expenses of $92K, and assets of $173K (revenue +25.1% year-over-year).
- 2017: Revenue of $79K, expenses of $91K, and assets of $186K (revenue -0.1% year-over-year).
- 2016: Revenue of $79K, expenses of $79K, and assets of $212K (revenue +2.8% year-over-year).
- 2015: Revenue of $77K, expenses of $80K, and assets of $225K (revenue +3.8% year-over-year).
- 2014: Revenue of $74K, expenses of $81K, and assets of $245K (revenue +5.9% year-over-year).
- 2013: Revenue of $70K, expenses of $68K, and assets of $266K (revenue +6.9% year-over-year).
- 2012: Revenue of $66K, expenses of $76K, and assets of $280K (revenue +4.9% year-over-year).
- 2011: Revenue of $62K, expenses of $72K, and assets of $303K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carrie P Chandler Housing Development Corporation:
Data Sources and Methodology
This transparency report for Carrie P Chandler Housing Development 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.