Commonwealth Catholic Charities Housing Corp
EIN: 352636133 · Richmond, VA · NTEE: L99
| Metric | Value |
|---|---|
| Total Revenue | $257K |
| Total Expenses | $633K |
| Net Assets | $-452,717 |
Is Commonwealth Catholic Charities Housing Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Commonwealth Catholic Charities Housing Corp
Commonwealth Catholic Charities Housing Corp (EIN: 352636133) is a nonprofit organization based in Richmond, VA, classified under NTEE code L99. The organization reported total revenue of $257K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Commonwealth Catholic Charities Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Commonwealth Catholic Charities Housing Corp is a small nonprofit that has been operating for 7 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 59.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $331K |
| Total Expenses | $633K |
| Surplus / Deficit | $-302,417 |
| Total Assets | $3.3M |
| Total Liabilities | $3.8M |
| Net Assets | $-452,717 |
| Operating Margin | -91.4% |
| Debt-to-Asset Ratio | 113.7% |
| Months of Reserves | 62.6 months |
Financial Health Grade: C
In 2023, Commonwealth Catholic Charities Housing Corp reported a deficit of $302K with expenses exceeding revenue, holds 62.6 months of operating reserves (strong position), has a debt-to-asset ratio of 113.7% (high leverage).
Financial Trends
Over 4 years of filings (2020–2023), Commonwealth Catholic Charities Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 59.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +87.6% | +63.1% | +25.1% |
| 2022 | -31.7% | +56.4% | +96.1% |
| 2021 | +215.6% | +138.3% | +275.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Commonwealth Catholic Charities Housing Corp 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 Commonwealth Catholic Charities Housing Corp 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 $302K, with expenses exceeding revenue.
- Debt-to-asset ratio: 113.7%.
Frequently Asked Questions about Commonwealth Catholic Charities Housing Corp
Is Commonwealth Catholic Charities Housing Corp a legitimate charity?
Commonwealth Catholic Charities Housing Corp (EIN: 352636133) is a registered tax-exempt nonprofit based in Virginia. It has 4 years of IRS 990 filings on record. Total revenue: $257K. No red flags identified. Financial health grade: C.
How does Commonwealth Catholic Charities Housing Corp spend its money?
Commonwealth Catholic Charities Housing Corp reported $257K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Commonwealth Catholic Charities Housing Corp tax-deductible?
Commonwealth Catholic Charities Housing Corp is registered as a tax-exempt nonprofit (EIN: 352636133). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Commonwealth Catholic Charities Housing Corp located?
Commonwealth Catholic Charities Housing Corp is headquartered in Richmond, Virginia and files with the IRS under EIN 352636133. It is classified under NTEE code L99.
How many years of IRS 990 filings does Commonwealth Catholic Charities Housing Corp have?
Commonwealth Catholic Charities Housing Corp has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $257K in total revenue.
Filing History
IRS 990 filing history for Commonwealth Catholic Charities Housing Corp showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Commonwealth Catholic Charities Housing Corp's revenue has grown by 304.3%, moving from $82K to $331K. Total assets increased by 820.2% over the same period, from $359K to $3.3M. Total functional expenses rose by 508.2%, from $104K to $633K. In its most recent filing year (2023), Commonwealth Catholic Charities Housing Corp reported a deficit of $302K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $3.3M in assets (debt-to-asset ratio: 113.7%), resulting in net assets of $-452,717.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $331K | $633K | $3.3M | $3.8M | — | — |
| 2022 | $176K | $388K | $2.6M | $2.8M | — | View 990 |
| 2021 | $258K | $248K | $1.3M | $1.3M | — | View 990 |
| 2020 | $82K | $104K | $359K | $308K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $331K, expenses of $633K, and assets of $3.3M (revenue +87.6% year-over-year).
- 2022: Revenue of $176K, expenses of $388K, and assets of $2.6M (revenue -31.7% year-over-year).
- 2021: Revenue of $258K, expenses of $248K, and assets of $1.3M (revenue +215.6% year-over-year).
- 2020: Revenue of $82K, expenses of $104K, and assets of $359K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Commonwealth Catholic Charities Housing Corp:
Data Sources and Methodology
This transparency report for Commonwealth Catholic Charities Housing Corp 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.