Cheshire Housing Trust Inc

Cheshire Housing Trust Inc. consistently operates with deficits, drawing down assets while maintaining 0% officer compensation.

EIN: 20418158 · Keene, NH · NTEE: L20Z · Updated: 2026-03-28

$536KRevenue

$2.4MAssets

85/100Mission Score (Excellent)

L20Z

About Cheshire Housing Trust Inc

Cheshire Housing Trust Inc (EIN: 20418158) is a nonprofit organization based in Keene, NH, classified under NTEE code L20Z. The organization reported total revenue of $536K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cheshire Housing Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Cheshire Housing Trust Inc. demonstrates consistent financial activity, with revenues generally in the range of $500,000 to $750,000 and assets consistently above $2.3 million. The organization has experienced operating deficits in recent years, with expenses exceeding revenue from 2014 to 2019. For instance, in 2019, expenses were $612,341 against revenues of $554,978, indicating a reliance on prior reserves or other funding sources to cover operational costs. Despite these deficits, the organization maintains a healthy asset base, suggesting long-term stability, though the trend of declining assets from $2.9 million in 2011 to $2.3 million currently warrants attention. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards its mission and suggests a volunteer-led or very lean executive structure, which is a positive sign for donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Cheshire Housing Trust Inc with a Mission Score of 85 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: 85%
fundraising: 5%

According to IRS 990 filings, Cheshire Housing Trust 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $500,000 in annual revenue and suggests a volunteer-driven leadership or that compensation is reported under other categories, though the former is more likely given the consistent reporting.

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 Cheshire Housing Trust Inc's IRS 990 filings:

Consistent operating deficits (expenses exceeding revenue) from 2014-2019.
Declining asset base over the past decade, from nearly $3 million to $2.3 million.

Strengths

The following positive indicators were identified for Cheshire Housing Trust Inc:

Consistent reporting of 0% officer compensation, indicating high dedication to mission.
Maintains a substantial asset base ($2,375,643) despite operating deficits, providing a buffer.
NTEE code L20Z (Housing Development, Construction & Management) suggests a focused mission.

Frequently Asked Questions about Cheshire Housing Trust Inc

Is Cheshire Housing Trust Inc. financially sustainable given its consistent operating deficits?

The organization has consistently reported expenses exceeding revenues from 2014 to 2019, leading to operating deficits. While it has a substantial asset base (currently $2,375,643), these deficits have contributed to a decline in assets over time (from $2,944,591 in 2011). Long-term sustainability will depend on reversing this trend or securing additional funding sources.

How does the 0% officer compensation impact the organization's operations?

The consistent reporting of 0% officer compensation suggests a highly volunteer-driven leadership or that key personnel are compensated through other means not classified as officer compensation. While this can be a sign of efficiency and dedication, it might also raise questions about the capacity for full-time, professional management required for an organization of this scale.

What is the trend in the organization's assets and liabilities?

Assets have shown a declining trend from a peak of $2,987,149 in 2013 to $2,375,643 currently. Liabilities have also generally decreased from $728,125 in 2011 to $485,191 in 2019, which is a positive sign, but the asset decline is more significant.

Filing History

IRS 990 filing history for Cheshire Housing Trust Inc showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2011–2019), Cheshire Housing Trust Inc's revenue has declined by 23%, moving from $721K to $555K. Total assets decreased by 11.3% over the same period, from $2.9M to $2.6M. Total functional expenses rose by 9.3%, from $560K to $612K. In its most recent filing year (2019), Cheshire Housing Trust Inc reported a deficit of $57K, with expenses exceeding revenue. The organization holds $485K in liabilities against $2.6M in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $2.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2019	$555K	$612K	$2.6M	$485K	—	View 990
2018	$546K	$584K	$2.7M	$495K	—	View 990
2017	$509K	$605K	$2.7M	$526K	—	View 990
2016	$541K	$608K	$2.9M	$556K	—	View 990
2015	$746K	$600K	$3.0M	$593K	—	View 990
2014	$528K	$589K	$2.9M	$632K	—	View 990
2013	$599K	$557K	$3.0M	$662K	—	View 990
2012	$588K	$522K	$3.0M	$699K	—	View 990
2011	$721K	$560K	$2.9M	$728K	—	View 990

Year-by-Year Financial Summary

2019: Revenue of $555K, expenses of $612K, and assets of $2.6M (revenue +1.6% year-over-year).
2018: Revenue of $546K, expenses of $584K, and assets of $2.7M (revenue +7.4% year-over-year).
2017: Revenue of $509K, expenses of $605K, and assets of $2.7M (revenue -5.9% year-over-year).
2016: Revenue of $541K, expenses of $608K, and assets of $2.9M (revenue -27.5% year-over-year).
2015: Revenue of $746K, expenses of $600K, and assets of $3.0M (revenue +41.2% year-over-year).
2014: Revenue of $528K, expenses of $589K, and assets of $2.9M (revenue -11.8% year-over-year).
2013: Revenue of $599K, expenses of $557K, and assets of $3.0M (revenue +2.0% year-over-year).
2012: Revenue of $588K, expenses of $522K, and assets of $3.0M (revenue -18.5% year-over-year).
2011: Revenue of $721K, expenses of $560K, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Cheshire Housing Trust 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.