Charm City Housing Associates Inc
EIN: 311576957 · Baltimore, MD · NTEE: P73Z
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $149K |
| Net Assets | $69K |
Is Charm City Housing Associates Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Charm City Housing Associates Inc
Charm City Housing Associates Inc (EIN: 311576957) is a nonprofit organization based in Baltimore, MD, classified under NTEE code P73Z. The organization reported total revenue of $126K and total assets of $147K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charm City Housing Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Charm City Housing Associates Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $149K |
| Surplus / Deficit | $-39,377 |
| Total Assets | $207K |
| Total Liabilities | $138K |
| Net Assets | $69K |
| Operating Margin | -35.9% |
| Debt-to-Asset Ratio | 66.5% |
| Months of Reserves | 16.7 months |
Financial Health Grade: C
In 2023, Charm City Housing Associates Inc reported a deficit of $39K with expenses exceeding revenue, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 66.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Charm City Housing Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.7% | +19.5% | -7.0% |
| 2022 | -10.8% | +5.9% | -15.3% |
| 2021 | +7.8% | -16.1% | -12.0% |
| 2020 | -2.5% | +27.4% | -11.4% |
| 2019 | +5.6% | -7.7% | -8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Charm City Housing Associates Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Charm City Housing Associates Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.5%.
Frequently Asked Questions about Charm City Housing Associates Inc
Is Charm City Housing Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Charm City Housing Associates Inc (EIN: 311576957) insufficient data. 0 red flags identified, 0 strengths noted.
How does Charm City Housing Associates Inc spend its money?
Detailed spending breakdown data is not yet available for Charm City Housing Associates Inc. Check back for updated IRS 990 analysis.
Are donations to Charm City Housing Associates Inc tax-deductible?
Charm City Housing Associates Inc is registered as a tax-exempt nonprofit (EIN: 311576957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Charm City Housing Associates Inc located?
Charm City Housing Associates Inc is headquartered in Baltimore, Maryland and files with the IRS under EIN 311576957. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Charm City Housing Associates Inc have?
Charm City Housing Associates Inc 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 $126K in total revenue.
Filing History
IRS 990 filing history for Charm City Housing Associates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Charm City Housing Associates Inc's revenue has grown by 26%, moving from $87K to $110K. Total assets decreased by 66.9% over the same period, from $626K to $207K. Total functional expenses rose by 44.8%, from $103K to $149K. In its most recent filing year (2023), Charm City Housing Associates Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $138K in liabilities against $207K in assets (debt-to-asset ratio: 66.5%), resulting in net assets of $69K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $149K | $207K | $138K | — | View 990 |
| 2022 | $96K | $125K | $223K | $114K | — | View 990 |
| 2021 | $108K | $118K | $263K | $126K | — | — |
| 2020 | $100K | $140K | $299K | $152K | — | — |
| 2019 | $103K | $110K | $337K | $151K | — | View 990 |
| 2018 | $97K | $119K | $370K | $176K | — | View 990 |
| 2017 | $89K | $106K | $405K | $189K | — | View 990 |
| 2016 | $87K | $120K | $437K | $204K | — | View 990 |
| 2015 | $91K | $136K | $485K | $219K | — | View 990 |
| 2014 | $83K | $126K | $541K | $229K | — | View 990 |
| 2013 | $95K | $121K | $562K | $208K | — | View 990 |
| 2012 | $88K | $113K | $595K | $215K | — | View 990 |
| 2011 | $87K | $103K | $626K | $282K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $149K, and assets of $207K (revenue +13.7% year-over-year).
- 2022: Revenue of $96K, expenses of $125K, and assets of $223K (revenue -10.8% year-over-year).
- 2021: Revenue of $108K, expenses of $118K, and assets of $263K (revenue +7.8% year-over-year).
- 2020: Revenue of $100K, expenses of $140K, and assets of $299K (revenue -2.5% year-over-year).
- 2019: Revenue of $103K, expenses of $110K, and assets of $337K (revenue +5.6% year-over-year).
- 2018: Revenue of $97K, expenses of $119K, and assets of $370K (revenue +10.1% year-over-year).
- 2017: Revenue of $89K, expenses of $106K, and assets of $405K (revenue +2.0% year-over-year).
- 2016: Revenue of $87K, expenses of $120K, and assets of $437K (revenue -4.6% year-over-year).
- 2015: Revenue of $91K, expenses of $136K, and assets of $485K (revenue +9.0% year-over-year).
- 2014: Revenue of $83K, expenses of $126K, and assets of $541K (revenue -12.1% year-over-year).
- 2013: Revenue of $95K, expenses of $121K, and assets of $562K (revenue +7.9% year-over-year).
- 2012: Revenue of $88K, expenses of $113K, and assets of $595K (revenue +1.1% year-over-year).
- 2011: Revenue of $87K, expenses of $103K, and assets of $626K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Charm City Housing Associates Inc:
Data Sources and Methodology
This transparency report for Charm City Housing Associates 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.