Cathedral Hill Housing Corporation
Cathedral Hill Housing Corporation maintains stable operations with no executive compensation, though liabilities consistently exceed assets.
EIN: 200956663 · Holyoke, MA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $831K |
| Total Expenses | $782K |
| Program Spending | 90% |
| Net Assets | $-464,602 |
| Transparency Score | 85/100 |
Is Cathedral Hill Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cathedral Hill Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cathedral Hill Housing Corporation
Cathedral Hill Housing Corporation (EIN: 200956663) is a nonprofit organization based in Holyoke, MA, classified under NTEE code L21. The organization reported total revenue of $831K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cathedral Hill Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cathedral Hill Housing Corporation is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $772K |
| Total Expenses | $782K |
| Surplus / Deficit | $-10,102 |
| Total Assets | $2.0M |
| Total Liabilities | $2.5M |
| Net Assets | $-464,602 |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 123.3% |
| Months of Reserves | 30.6 months |
Financial Health Grade: C
In 2023, Cathedral Hill Housing Corporation reported a deficit of $10K with expenses exceeding revenue, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 123.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cathedral Hill Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.7% | +5.1% | +0.2% |
| 2022 | +3.6% | -5.9% | +1.2% |
| 2021 | +2.1% | +14.1% | -4.0% |
| 2020 | +3.8% | -0.3% | +1.6% |
| 2019 | +3.6% | -9.3% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Cathedral Hill Housing Corporation with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Cathedral Hill Housing Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 123.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a highly efficient and likely volunteer-driven leadership structure, which maximizes resources for programmatic activities.
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 Cathedral Hill Housing Corporation's IRS 990 filings:
- Consistent liabilities exceeding assets, which could indicate significant debt burden or specific financial structures common in housing corporations that require further scrutiny.
Strengths
The following positive indicators were identified for Cathedral Hill Housing Corporation:
- Consistent 0% officer compensation, indicating highly efficient use of funds and strong commitment to mission.
- Stable revenue and asset base over a decade, demonstrating financial resilience.
- Regular and consistent IRS 990 filings, indicating good transparency.
- Strong program focus implied by the lack of executive compensation, directing resources to its housing mission.
Frequently Asked Questions about Cathedral Hill Housing Corporation
Is Cathedral Hill Housing Corporation a legitimate charity?
Cathedral Hill Housing Corporation (EIN: 200956663) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $831K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Cathedral Hill Housing Corporation spend its money?
Cathedral Hill Housing Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Cathedral Hill Housing Corporation tax-deductible?
Cathedral Hill Housing Corporation is registered as a tax-exempt nonprofit (EIN: 200956663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cathedral Hill Housing Corporation's spending goes to programs?
Cathedral Hill Housing Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cathedral Hill Housing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cathedral Hill Housing Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cathedral Hill Housing Corporation located?
Cathedral Hill Housing Corporation is headquartered in Holyoke, Massachusetts and files with the IRS under EIN 200956663. It is classified under NTEE code L21.
How many years of IRS 990 filings does Cathedral Hill Housing Corporation have?
Cathedral Hill 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 $831K in total revenue.
Is Cathedral Hill Housing Corporation a good charity?
Based on the provided data, Cathedral Hill Housing Corporation appears to be a good charity, particularly due to its 0% officer compensation, which means all revenue is directed towards its mission and operational costs. Its consistent financial reporting and stable asset base also suggest responsible management.
What is the nature of the liabilities that consistently exceed assets?
The filings consistently show liabilities exceeding assets (e.g., $2,459,404 liabilities vs. $1,994,802 assets in 2023). This is common for housing corporations that manage properties with significant mortgages or long-term debt. A deeper dive into the balance sheet would be needed to understand if these are program-related debts (e.g., mortgages on affordable housing units) or other financial obligations.
How does the organization cover its expenses when revenue is slightly lower?
In periods where expenses slightly exceed revenue (e.g., 2023, 2022, 2021), the organization likely draws from its existing assets or reserves, or these minor deficits are covered by non-operating income or specific grants not fully reflected in the 'revenue' line item, maintaining overall stability.
Filing History
IRS 990 filing history for Cathedral Hill Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cathedral Hill Housing Corporation's revenue has grown by 18%, moving from $654K to $772K. Total assets decreased by 20.6% over the same period, from $2.5M to $2.0M. Total functional expenses rose by 10.8%, from $705K to $782K. In its most recent filing year (2023), Cathedral Hill Housing Corporation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $2.0M in assets (debt-to-asset ratio: 123.3%), resulting in net assets of $-464,602.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $772K | $782K | $2.0M | $2.5M | — | — |
| 2022 | $737K | $744K | $2.0M | $2.4M | — | View 990 |
| 2021 | $711K | $791K | $2.0M | $2.4M | — | View 990 |
| 2020 | $696K | $693K | $2.0M | $2.4M | — | — |
| 2019 | $671K | $695K | $2.0M | $2.4M | — | — |
| 2018 | $648K | $766K | $2.0M | $2.4M | — | View 990 |
| 2017 | $634K | $731K | $2.1M | $2.4M | — | View 990 |
| 2016 | $644K | $615K | $2.2M | $2.4M | — | View 990 |
| 2015 | $663K | $637K | $2.3M | $2.4M | — | View 990 |
| 2014 | $647K | $725K | $2.3M | $2.5M | — | View 990 |
| 2013 | $652K | $632K | $2.4M | $2.5M | — | View 990 |
| 2012 | $645K | $617K | $2.4M | $2.6M | — | View 990 |
| 2011 | $654K | $705K | $2.5M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $772K, expenses of $782K, and assets of $2.0M (revenue +4.7% year-over-year).
- 2022: Revenue of $737K, expenses of $744K, and assets of $2.0M (revenue +3.6% year-over-year).
- 2021: Revenue of $711K, expenses of $791K, and assets of $2.0M (revenue +2.1% year-over-year).
- 2020: Revenue of $696K, expenses of $693K, and assets of $2.0M (revenue +3.8% year-over-year).
- 2019: Revenue of $671K, expenses of $695K, and assets of $2.0M (revenue +3.6% year-over-year).
- 2018: Revenue of $648K, expenses of $766K, and assets of $2.0M (revenue +2.1% year-over-year).
- 2017: Revenue of $634K, expenses of $731K, and assets of $2.1M (revenue -1.5% year-over-year).
- 2016: Revenue of $644K, expenses of $615K, and assets of $2.2M (revenue -2.8% year-over-year).
- 2015: Revenue of $663K, expenses of $637K, and assets of $2.3M (revenue +2.5% year-over-year).
- 2014: Revenue of $647K, expenses of $725K, and assets of $2.3M (revenue -0.8% year-over-year).
- 2013: Revenue of $652K, expenses of $632K, and assets of $2.4M (revenue +1.1% year-over-year).
- 2012: Revenue of $645K, expenses of $617K, and assets of $2.4M (revenue -1.4% year-over-year).
- 2011: Revenue of $654K, expenses of $705K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cathedral Hill Housing Corporation:
Data Sources and Methodology
This transparency report for Cathedral Hill 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.