Centerpointe Housing Corporation I

Centerpointe Housing Corporation I consistently operates at a deficit, drawing down assets over the past decade.

EIN: 205966956 · Lincoln, NE · NTEE: L21 · Updated: 2026-03-28

$66KRevenue

$1.0MAssets

65/100Mission Score (Good)

L21

About Centerpointe Housing Corporation I

Centerpointe Housing Corporation I (EIN: 205966956) is a nonprofit organization based in Lincoln, NE, classified under NTEE code L21. The organization reported total revenue of $66K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centerpointe Housing Corporation I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Centerpointe Housing Corporation I consistently operates with an annual deficit, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $91,363 against revenues of $50,249, indicating a reliance on existing assets or other funding sources not reflected in annual revenue. While the organization maintains over $1 million in assets, these have been steadily declining over the past decade, from $1,223,600 in 2014 to $1,019,289 in 2023, suggesting that deficits are being covered by drawing down reserves.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits raise concerns about long-term financial sustainability if current trends continue. Transparency appears to be good in terms of filing history, with 12 filings available, and the absence of officer compensation simplifies the analysis of executive pay.

Overall, Centerpointe Housing Corporation I appears to be a small organization with a consistent mission, but its financial health shows signs of strain due to persistent operating deficits. While assets are substantial, their continuous decline warrants closer examination of the organization's funding model and expense management to ensure its long-term viability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Centerpointe Housing Corporation I with a Mission Score of 65 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: 80%
fundraising: 5%

According to IRS 990 filings, Centerpointe Housing Corporation I allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation.

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 Centerpointe Housing Corporation I's IRS 990 filings:

Consistent annual operating deficits (expenses exceeding revenue in all reported periods).
Steady decline in total assets over the past decade, from $1,223,600 in 2014 to $1,019,289 in 2023.
Lack of detailed expense breakdown (program vs. admin vs. fundraising) in the provided summary data, making efficiency analysis difficult.

Strengths

The following positive indicators were identified for Centerpointe Housing Corporation I:

No reported officer compensation, indicating efficient use of funds at the executive level.
Maintains over $1 million in assets, providing a buffer despite consistent deficits.
Consistent filing history (12 filings), indicating good compliance and transparency in reporting.

Frequently Asked Questions about Centerpointe Housing Corporation I

Is Centerpointe Housing Corporation I financially sustainable?

The organization has consistently reported expenses exceeding revenue for over a decade, leading to a steady decline in assets from $1,223,600 in 2014 to $1,019,289 in 2023. This trend suggests potential long-term sustainability challenges if not addressed.

How does Centerpointe Housing Corporation I cover its annual deficits?

Given the consistent decline in assets over time, it appears the organization is covering its annual operating deficits by drawing down its existing asset base.

What is the primary source of revenue for Centerpointe Housing Corporation I?

The provided data only shows total revenue, which has consistently been around $50,000-$53,000 annually. Without further detail, the specific sources of this revenue (e.g., grants, donations, program service fees) are unclear.

Filing History

IRS 990 filing history for Centerpointe Housing Corporation I showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Centerpointe Housing Corporation I's revenue has declined by 2.1%, moving from $51K to $50K. Total assets decreased by 22.7% over the same period, from $1.3M to $1.0M. Total functional expenses rose by 18.5%, from $77K to $91K. In its most recent filing year (2023), Centerpointe Housing Corporation I reported a deficit of $41K, with expenses exceeding revenue. The organization holds $212K in liabilities against $1.0M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $807K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$50K	$91K	$1.0M	$212K	—	—
2022	$54K	$85K	$1.0M	$194K	—	—
2021	$50K	$85K	$1.1M	$185K	—	View 990
2020	$53K	$76K	$1.1M	$174K	—	View 990
2019	$50K	$69K	$1.1M	$171K	—	View 990
2018	$53K	$109K	$1.2M	$217K	—	View 990
2017	$48K	$67K	$1.2M	$177K	—	View 990
2016	$52K	$64K	$1.2M	$164K	—	View 990
2015	$49K	$65K	$1.2M	$177K	—	View 990
2014	$51K	$71K	$1.2M	$165K	—	View 990
2013	$52K	$70K	$1.3M	$183K	—	View 990
2012	$51K	$77K	$1.3M	$223K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $50K, expenses of $91K, and assets of $1.0M (revenue -6.1% year-over-year).
2022: Revenue of $54K, expenses of $85K, and assets of $1.0M (revenue +6.5% year-over-year).
2021: Revenue of $50K, expenses of $85K, and assets of $1.1M (revenue -5.8% year-over-year).
2020: Revenue of $53K, expenses of $76K, and assets of $1.1M (revenue +6.1% year-over-year).
2019: Revenue of $50K, expenses of $69K, and assets of $1.1M (revenue -5.4% year-over-year).
2018: Revenue of $53K, expenses of $109K, and assets of $1.2M (revenue +10.9% year-over-year).
2017: Revenue of $48K, expenses of $67K, and assets of $1.2M (revenue -7.0% year-over-year).
2016: Revenue of $52K, expenses of $64K, and assets of $1.2M (revenue +5.6% year-over-year).
2015: Revenue of $49K, expenses of $65K, and assets of $1.2M (revenue -4.3% year-over-year).
2014: Revenue of $51K, expenses of $71K, and assets of $1.2M (revenue -2.7% year-over-year).
2013: Revenue of $52K, expenses of $70K, and assets of $1.3M (revenue +2.0% year-over-year).
2012: Revenue of $51K, expenses of $77K, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Centerpointe Housing Corporation I 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.