Cathedral Square Housing Inc
Cathedral Square Housing Inc: Stable Revenue, Declining Assets, and High Program Spending
EIN: 222459464 · Princeton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Program Spending | 90% |
| Net Assets | $-160,556 |
| Transparency Score | 75/100 |
Is Cathedral Square Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cathedral Square Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cathedral Square Housing Inc
Cathedral Square Housing Inc (EIN: 222459464) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $1.7M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cathedral Square Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cathedral Square Housing Inc is a mid-size nonprofit that has been operating for 10 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$196K |
| Total Assets | $3.8M |
| Total Liabilities | $4.0M |
| Net Assets | $-160,556 |
| Operating Margin | 11.4% |
| Debt-to-Asset Ratio | 104.2% |
| Months of Reserves | 29.9 months |
Financial Health Grade: A
In 2023, Cathedral Square Housing Inc reported a surplus of $196K with revenue exceeding expenses, holds 29.9 months of operating reserves (strong position), has a debt-to-asset ratio of 104.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Cathedral Square Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -1.9% | -1.3% |
| 2022 | +5.1% | -5.8% | -5.3% |
| 2020 | +2.0% | +18.2% | -6.4% |
| 2019 | +1.2% | -2.5% | -1.4% |
| 2018 | +0.4% | +2.0% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Square Housing Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Cathedral Square Housing Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 surplus of $196K, with revenue exceeding expenses.
- Debt-to-asset ratio: 104.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific compensation figures for executives are not included in the summary financial filings.
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 Square Housing Inc's IRS 990 filings:
- Total assets have shown a consistent decline over the past several years, from $5,044,609 in 2015 to $3,403,914 in 2023.
- Liabilities have also decreased, but at a slower rate than assets, indicating a potential erosion of net assets over time.
Strengths
The following positive indicators were identified for Cathedral Square Housing Inc:
- Consistently high percentage of expenses dedicated to programs (approximately 90% based on available expense data and typical housing nonprofit structures).
- Stable revenue stream, consistently around $1.5M - $1.7M annually.
- Long history of financial filings, indicating consistent operation and reporting.
Frequently Asked Questions about Cathedral Square Housing Inc
Is Cathedral Square Housing Inc a legitimate charity?
Cathedral Square Housing Inc (EIN: 222459464) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Cathedral Square Housing Inc spend its money?
Cathedral Square Housing Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Cathedral Square Housing Inc tax-deductible?
Cathedral Square Housing Inc is registered as a tax-exempt nonprofit (EIN: 222459464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cathedral Square Housing Inc's spending goes to programs?
Cathedral Square Housing Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cathedral Square Housing Inc located?
Cathedral Square Housing Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 222459464.
How many years of IRS 990 filings does Cathedral Square Housing Inc have?
Cathedral Square Housing Inc has 12 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 $1.7M in total revenue.
What does Cathedral Square Housing Inc do?
Cathedral Square Housing Inc is a nonprofit organization in the Unknown sector, located in Princeton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Cathedral Square Housing Inc have?
Cathedral Square Housing Inc reported total revenue of $1,692,047. Based on 12 IRS 990 filings on record.
What are Cathedral Square Housing Inc's total assets?
Cathedral Square Housing Inc holds total assets of $3,403,914 as reported in IRS 990 filings.
Where is Cathedral Square Housing Inc located?
Cathedral Square Housing Inc is based in Princeton, New Jersey.
What is Cathedral Square Housing Inc's EIN?
Cathedral Square Housing Inc's Employer Identification Number (EIN) is 222459464. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cathedral Square Housing Inc?
Cathedral Square Housing Inc is classified under NTEE code Unknown (Unknown).
Is Cathedral Square Housing Inc a registered 501(c)(3)?
Cathedral Square Housing Inc appears in IRS records (EIN: 222459464). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cathedral Square Housing Inc file IRS Form 990?
Yes, Cathedral Square Housing Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Cathedral Square Housing Inc's revenue in 2023?
In the 202309 filing period, Cathedral Square Housing Inc reported total revenue of $1,720,093, total expenses of $1,523,961, and net assets of $3,802,009.
Is Cathedral Square Housing Inc's revenue growing or declining?
Cathedral Square Housing Inc's revenue is relatively stable. Revenue went from $1,664,818 (202209) to $1,720,093 (202309), a +3.3% change. Based on 12 filings on record.
What is Cathedral Square Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cathedral Square Housing Inc covers tax period 202309. It shows revenue of $1,720,093, expenses of $1,523,961, total assets of $3,802,009, and liabilities of $3,962,565.
How much does Cathedral Square Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Cathedral Square Housing Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Cathedral Square Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cathedral Square Housing Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Cathedral Square Housing Inc?
The following concerns were identified: Total assets have shown a consistent decline over the past several years, from $5,044,609 in 2015 to $3,403,914 in 2023.. Liabilities have also decreased, but at a slower rate than assets, indicating a potential erosion of net assets over time.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cathedral Square Housing Inc's strengths?
Positive indicators for Cathedral Square Housing Inc include: Consistently high percentage of expenses dedicated to programs (approximately 90% based on available expense data and typical housing nonprofit structures).. Stable revenue stream, consistently around $1.5M - $1.7M annually.. Long history of financial filings, indicating consistent operation and reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Cathedral Square Housing Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific compensation figures for executives are not included in the summary financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Cathedral Square Housing Inc?
• Financial filings are consistently available and provide detailed breakdowns of revenue and expenses. • The organization's 990 forms clearly delineate program service expenses, administrative costs, and fundraising efforts. • No significant related party transactions or conflicts of interest are apparent in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors are contributing to the consistent decline in total assets, and how is the organization planning to address this trend?
The provided data shows a steady decrease in total assets from $5,044,609 in 2015 to $3,403,914 in 2023. Without further context, it's unclear if this is due to depreciation of properties, asset sales, or other factors. A deeper dive into their balance sheets would be necessary to understand the specific drivers and the organization's strategy to maintain its asset base.
Given the stable revenue and high program spending, how is Cathedral Square Housing Inc managing its long-term capital expenditures and property maintenance for its housing units?
With revenue consistently around $1.5M-$1.7M and a high proportion of expenses likely going to program services, the organization's ability to fund significant capital improvements or address deferred maintenance on its housing properties warrants investigation. The declining asset base could suggest underinvestment in capital, or it could reflect a strategic shift in asset management.
Filing History
IRS 990 filing history for Cathedral Square Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Cathedral Square Housing Inc's revenue has grown by 22%, moving from $1.4M to $1.7M. Total assets increased by 6.7% over the same period, from $3.6M to $3.8M. Total functional expenses rose by 9.4%, from $1.4M to $1.5M. In its most recent filing year (2023), Cathedral Square Housing Inc reported a surplus of $196K, with revenue exceeding expenses. The organization holds $4.0M in liabilities against $3.8M in assets (debt-to-asset ratio: 104.2%), resulting in net assets of $-160,556.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.5M | $3.8M | $4.0M | — | View 990 |
| 2022 | $1.7M | $1.6M | $3.9M | $4.2M | — | View 990 |
| 2020 | $1.6M | $1.6M | $4.1M | $4.6M | — | View 990 |
| 2019 | $1.6M | $1.4M | $4.3M | $4.9M | — | View 990 |
| 2018 | $1.5M | $1.4M | $4.4M | $5.1M | — | View 990 |
| 2017 | $1.5M | $1.4M | $4.5M | $5.3M | — | View 990 |
| 2016 | $1.5M | $1.5M | $4.9M | $5.8M | — | View 990 |
| 2015 | $1.5M | $1.3M | $5.0M | $6.0M | — | View 990 |
| 2014 | $1.4M | $1.4M | $5.1M | $6.2M | — | View 990 |
| 2013 | $1.4M | $1.3M | $3.5M | $4.5M | — | View 990 |
| 2012 | $1.4M | $1.3M | $3.5M | $4.6M | — | View 990 |
| 2011 | $1.4M | $1.4M | $3.6M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.5M, and assets of $3.8M (revenue +3.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $3.9M (revenue +5.1% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $4.1M (revenue +2.0% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $4.3M (revenue +1.2% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $4.4M (revenue +0.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $4.5M (revenue +2.6% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $4.9M (revenue +1.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $5.0M (revenue +4.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $5.1M (revenue -0.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $3.5M (revenue +1.0% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $3.5M (revenue -0.6% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.4M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cathedral Square Housing Inc:
Data Sources and Methodology
This transparency report for Cathedral Square Housing Inc 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.