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

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Centerpointe Housing Corporation I Financial Summary
MetricValue
Total Revenue$66K
Total Expenses$91K
Program Spending80%
Net Assets$807K
Transparency Score65/100

Search Intent Cockpit

Centerpointe Housing Corporation I Form 990, Revenue, CEO Pay, and IRS Filing Signals

Centerpointe Housing Corporation I is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Centerpointe Housing Corporation I in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $50K and expenses of $91K.

Revenue and Expenses

Centerpointe Housing Corporation I reported $50K in revenue and $91K in expenses, a deficit of $41K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.

Is Centerpointe Housing Corporation I Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Centerpointe Housing Corporation I Expense Deployment
Program services$73K (80%)

Across stored filings, Centerpointe Housing Corporation I shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Centerpointe Housing Corporation I Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 3 red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade B12 stored filing years
Peer contextCompare with Burlington Capital FoundationNebraska and Category L context

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Centerpointe Housing Corporation I directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

19Years Operating
MicroSize Classification
12Years of Filings
MixedRevenue Trajectory

Centerpointe Housing Corporation I is a micro nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$50K
Total Expenses$91K
Surplus / Deficit$-41,114
Total Assets$1.0M
Total Liabilities$212K
Net Assets$807K
Operating Margin-81.8%
Debt-to-Asset Ratio20.8%
Months of Reserves133.9 months

Financial Health Grade: B

In 2023, Centerpointe Housing Corporation I reported a deficit of $41K with expenses exceeding revenue, holds 133.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.8% (moderate leverage).

Financial Trends

Over 12 years of filings (2012–2023), Centerpointe Housing Corporation I's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.

YearRevenue ChangeExpense ChangeAsset Change
2023-6.1%+7.5%-2.2%
2022+6.5%+0.3%-2.1%
2021-5.8%+11.8%-2.1%
2020+6.1%+9.8%-1.8%
2019-5.4%-36.8%-5.5%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2007

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$50KTotal Revenue
$91KTotal Expenses
$1.0MTotal Assets
$212KTotal Liabilities
$807KNet Assets
  • The organization reported a deficit of $41K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 20.8%.

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 a legitimate charity?

Centerpointe Housing Corporation I (EIN: 205966956) is a registered tax-exempt nonprofit based in Nebraska. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $66K. 3 red flags identified. 3 strengths noted. Financial health grade: B.

How does Centerpointe Housing Corporation I spend its money?

Centerpointe Housing Corporation I directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Centerpointe Housing Corporation I tax-deductible?

Centerpointe Housing Corporation I is registered as a tax-exempt nonprofit (EIN: 205966956). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Centerpointe Housing Corporation I's spending goes to programs?

Centerpointe Housing Corporation I directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Centerpointe Housing Corporation I compare to similar nonprofits?

With a transparency score of 65/100 (Good), Centerpointe Housing Corporation I 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 Centerpointe Housing Corporation I located?

Centerpointe Housing Corporation I is headquartered in Lincoln, Nebraska and files with the IRS under EIN 205966956. It is classified under NTEE code L21.

How many years of IRS 990 filings does Centerpointe Housing Corporation I have?

Centerpointe Housing Corporation I 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 $66K in total revenue.

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.

YearRevenueExpensesAssetsLiabilitiesOfficer 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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Centerpointe Housing Corporation I:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

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.

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