Chatham Gardens Housing Corporation
Chatham Gardens Housing Corporation maintains stable operations with no reported officer compensation, experiencing minor deficits in recent years.
EIN: 160863402 · Rochester, NY · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $4.1M |
| Transparency Score | 90/100 |
Is Chatham Gardens Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chatham Gardens Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chatham Gardens Housing Corporation
Chatham Gardens Housing Corporation (EIN: 160863402) is a nonprofit organization based in Rochester, NY, classified under NTEE code L200. The organization reported total revenue of $1.7M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chatham Gardens Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chatham Gardens Housing Corporation is a mid-size nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-109,433 |
| Total Assets | $7.4M |
| Total Liabilities | $3.3M |
| Net Assets | $4.1M |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 45.0% |
| Months of Reserves | 48.8 months |
Financial Health Grade: B
In 2023, Chatham Gardens Housing Corporation reported a deficit of $109K with expenses exceeding revenue, holds 48.8 months of operating reserves (strong position), has a debt-to-asset ratio of 45.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Chatham Gardens Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +6.2% | -5.0% |
| 2022 | +0.7% | +3.7% | -0.6% |
| 2021 | -0.4% | +1.1% | -0.5% |
| 2020 | +0.7% | -4.5% | -0.6% |
| 2019 | -0.1% | +10.5% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Chatham Gardens Housing Corporation with a Mission Score of 90 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Chatham Gardens Housing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $109K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through mechanisms not categorized as officer compensation, which is highly favorable for an organization of its size with annual revenues exceeding $1.7 million.
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 Chatham Gardens Housing Corporation's IRS 990 filings:
- Slight operating deficits in recent years (e.g., 2023 and 2022), requiring careful monitoring of expense management.
Strengths
The following positive indicators were identified for Chatham Gardens Housing Corporation:
- Consistent 0% officer compensation reported across all filings, indicating highly efficient use of funds for executive leadership.
- Strong asset base ($7,359,922 in 2023) providing financial stability.
- Long history of consistent IRS 990 filings (12 filings), demonstrating transparency and compliance.
- Stable revenue streams over the past decade, generally around $1.6-$1.7 million annually.
- Mission-aligned NTEE code (L200) with financial operations supporting housing development and management.
Frequently Asked Questions about Chatham Gardens Housing Corporation
Is Chatham Gardens Housing Corporation a legitimate charity?
Chatham Gardens Housing Corporation (EIN: 160863402) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.7M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does Chatham Gardens Housing Corporation spend its money?
Chatham Gardens Housing Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Chatham Gardens Housing Corporation tax-deductible?
Chatham Gardens Housing Corporation is registered as a tax-exempt nonprofit (EIN: 160863402). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chatham Gardens Housing Corporation CEO make?
Chatham Gardens Housing Corporation's highest-compensated officer earns $1.7 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Chatham Gardens Housing Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chatham Gardens Housing Corporation is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chatham Gardens Housing Corporation located?
Chatham Gardens Housing Corporation is headquartered in Rochester, New York and files with the IRS under EIN 160863402. It is classified under NTEE code L200.
How many years of IRS 990 filings does Chatham Gardens Housing Corporation have?
Chatham Gardens Housing Corporation 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.
Is Chatham Gardens Housing Corporation financially stable?
Yes, Chatham Gardens Housing Corporation appears financially stable. While it experienced a slight deficit in 2023 ($1,700,737 revenue vs. $1,810,170 expenses) and 2022, its assets of $7,359,922 in 2023 provide a strong buffer, and its liabilities are manageable.
How efficient is Chatham Gardens Housing Corporation with its spending?
The organization demonstrates high spending efficiency, particularly given that officer compensation is consistently reported as 0% across all filings. This suggests a very low administrative burden in terms of executive salaries, allowing more funds to be directed towards its housing programs.
Does Chatham Gardens Housing Corporation have high administrative costs?
Based on the consistent 0% officer compensation reported, the organization appears to have very low administrative costs related to executive salaries. This is a strong indicator of efficient resource allocation.
What is the trend in Chatham Gardens Housing Corporation's assets?
Chatham Gardens Housing Corporation's assets have shown a gradual decline from a peak of $8,125,780 in 2018 to $7,359,922 in 2023, though they remain substantial relative to its annual revenue and liabilities.
Is Chatham Gardens Housing Corporation transparent about its finances?
Yes, the consistent reporting of 0% officer compensation across all 12 filings is a strong indicator of transparency regarding executive pay practices, which is a key aspect of financial transparency for nonprofits.
Filing History
IRS 990 filing history for Chatham Gardens Housing Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Chatham Gardens Housing Corporation's revenue has grown by 12.5%, moving from $1.5M to $1.7M. Total assets increased by 100.8% over the same period, from $3.7M to $7.4M. Total functional expenses rose by 38.2%, from $1.3M to $1.8M. In its most recent filing year (2023), Chatham Gardens Housing Corporation reported a deficit of $109K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $7.4M in assets (debt-to-asset ratio: 45.0%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $7.4M | $3.3M | — | View 990 |
| 2022 | $1.7M | $1.7M | $7.7M | $3.6M | — | View 990 |
| 2021 | $1.7M | $1.6M | $7.8M | $3.6M | — | View 990 |
| 2020 | $1.7M | $1.6M | $7.8M | $3.7M | — | View 990 |
| 2019 | $1.7M | $1.7M | $7.9M | $3.8M | — | View 990 |
| 2018 | $1.7M | $1.5M | $8.1M | $4.0M | — | View 990 |
| 2017 | $1.6M | $1.3M | $7.3M | $3.3M | — | View 990 |
| 2016 | $1.6M | $1.3M | $4.9M | $1.2M | — | View 990 |
| 2015 | $1.6M | $1.3M | $4.2M | $744K | — | View 990 |
| 2014 | $1.6M | $1.3M | $4.1M | $867K | — | View 990 |
| 2013 | $1.6M | $1.2M | $3.9M | $971K | — | View 990 |
| 2012 | $1.5M | $1.3M | $3.7M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $7.4M (revenue +1.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $7.7M (revenue +0.7% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.6M, and assets of $7.8M (revenue -0.4% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $7.8M (revenue +0.7% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.7M, and assets of $7.9M (revenue -0.1% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.5M, and assets of $8.1M (revenue +4.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.3M, and assets of $7.3M (revenue +0.3% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.3M, and assets of $4.9M (revenue +0.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $4.2M (revenue +0.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.3M, and assets of $4.1M (revenue +1.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $3.9M (revenue +2.7% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.3M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chatham Gardens Housing Corporation:
Data Sources and Methodology
This transparency report for Chatham Gardens Housing Corporation 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.