Charles North Housing Inc
Charles North Housing Inc. consistently spends more than it earns, drawing down assets over the last decade.
EIN: 201165878 · Baltimore, MD · NTEE: P70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $122K |
| Total Expenses | $196K |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 70/100 |
Is Charles North Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Charles North Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Charles North Housing Inc
Charles North Housing Inc (EIN: 201165878) is a nonprofit organization based in Baltimore, MD, classified under NTEE code P70. The organization reported total revenue of $122K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles North Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charles North Housing Inc is a small nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $196K |
| Surplus / Deficit | $-73,949 |
| Total Assets | $1.4M |
| Total Liabilities | $65K |
| Net Assets | $1.4M |
| Operating Margin | -60.8% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 87.3 months |
Financial Health Grade: B
In 2021, Charles North Housing Inc reported a deficit of $74K with expenses exceeding revenue, holds 87.3 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2021), Charles North Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -22.6% | -6.8% | -5.7% |
| 2020 | -1.0% | +0.5% | -1.3% |
| 2019 | +4.0% | +2.0% | -2.6% |
| 2018 | +14.4% | -3.0% | -3.2% |
| 2017 | -8.0% | +14.3% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Charles North Housing Inc with a Mission Score of 70 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: 85%
- fundraising: 5%
According to IRS 990 filings, Charles North Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $74K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership is either entirely volunteer-based or compensated through means not categorized as officer compensation on the 990, which is highly efficient for an organization of its size.
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 Charles North Housing Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $195,500 expenses vs. $121,551 revenue in 2021.
- Gradual decline in total assets from $1,826,617 in 2012 to $1,422,988 in 2021, indicating reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Charles North Housing Inc:
- Substantial asset base of $1,422,988 provides financial stability despite operating deficits.
- No reported officer compensation, indicating highly efficient use of funds at the executive level.
- Consistent IRS 990 filing history demonstrates strong transparency and compliance.
- Low liabilities relative to assets, suggesting responsible debt management.
Frequently Asked Questions about Charles North Housing Inc
Is Charles North Housing Inc a legitimate charity?
Charles North Housing Inc (EIN: 201165878) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 70/100. It has 11 years of IRS 990 filings on record. Total revenue: $122K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Charles North Housing Inc spend its money?
Charles North Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Charles North Housing Inc tax-deductible?
Charles North Housing Inc is registered as a tax-exempt nonprofit (EIN: 201165878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Charles North Housing Inc's spending goes to programs?
Charles North Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Charles North Housing Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Charles North Housing Inc is above average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Charles North Housing Inc located?
Charles North Housing Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 201165878. It is classified under NTEE code P70.
How many years of IRS 990 filings does Charles North Housing Inc have?
Charles North Housing Inc has 11 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 $122K in total revenue.
Is Charles North Housing Inc. financially sustainable given its consistent operating deficits?
The organization has consistently spent more than its revenue for several years, leading to a reduction in its total assets from $1,826,617 in 2012 to $1,422,988 in 2021. While it has a substantial asset base to draw upon, this trend is not sustainable long-term without increased revenue or reduced expenses.
What is the nature of the organization's assets, and how do they support its mission?
With an NTEE code of P70 (Housing, Shelter), it is highly probable that a significant portion of the organization's $1.4 million in assets consists of real estate or properties used to provide housing services. These assets are crucial for directly fulfilling its mission.
Why is there no reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be entirely volunteer-based. This is a positive indicator for efficient use of funds, but it would be beneficial to confirm this structure.
Filing History
IRS 990 filing history for Charles North Housing Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Charles North Housing Inc's revenue has grown by 5.8%, moving from $115K to $122K. Total assets decreased by 22.7% over the same period, from $1.8M to $1.4M. Total functional expenses rose by 20.3%, from $163K to $196K. In its most recent filing year (2021), Charles North Housing Inc reported a deficit of $74K, with expenses exceeding revenue. The organization holds $65K in liabilities against $1.4M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $122K | $196K | $1.4M | $65K | — | — |
| 2020 | $157K | $210K | $1.5M | $77K | — | View 990 |
| 2019 | $159K | $209K | $1.5M | $44K | — | View 990 |
| 2018 | $153K | $204K | $1.6M | $35K | — | View 990 |
| 2017 | $133K | $211K | $1.6M | $35K | — | View 990 |
| 2016 | $145K | $184K | $1.7M | $22K | — | View 990 |
| 2015 | $135K | $177K | $1.7M | $19K | — | View 990 |
| 2014 | $145K | $168K | $1.8M | $8K | — | View 990 |
| 2013 | $139K | $140K | $1.8M | $10K | — | View 990 |
| 2012 | $145K | $138K | $1.8M | $59K | — | View 990 |
| 2011 | $115K | $163K | $1.8M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $122K, expenses of $196K, and assets of $1.4M (revenue -22.6% year-over-year).
- 2020: Revenue of $157K, expenses of $210K, and assets of $1.5M (revenue -1.0% year-over-year).
- 2019: Revenue of $159K, expenses of $209K, and assets of $1.5M (revenue +4.0% year-over-year).
- 2018: Revenue of $153K, expenses of $204K, and assets of $1.6M (revenue +14.4% year-over-year).
- 2017: Revenue of $133K, expenses of $211K, and assets of $1.6M (revenue -8.0% year-over-year).
- 2016: Revenue of $145K, expenses of $184K, and assets of $1.7M (revenue +7.2% year-over-year).
- 2015: Revenue of $135K, expenses of $177K, and assets of $1.7M (revenue -7.0% year-over-year).
- 2014: Revenue of $145K, expenses of $168K, and assets of $1.8M (revenue +4.3% year-over-year).
- 2013: Revenue of $139K, expenses of $140K, and assets of $1.8M (revenue -4.0% year-over-year).
- 2012: Revenue of $145K, expenses of $138K, and assets of $1.8M (revenue +26.4% year-over-year).
- 2011: Revenue of $115K, expenses of $163K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charles North Housing Inc:
Data Sources and Methodology
This transparency report for Charles North 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.