Community Housing Concepts Inc
Community Housing Concepts Inc. shows significant asset growth alongside fluctuating revenues and consistent operating deficits in recent years.
EIN: 202259316 · Denver, CO · NTEE: L21 · Updated: 2026-03-28
Is Community Housing Concepts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Housing Concepts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Housing Concepts Inc
Community Housing Concepts Inc (EIN: 202259316) is a nonprofit organization based in Denver, CO, classified under NTEE code L21. The organization reported total revenue of $22.8M and total assets of $150.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Housing Concepts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Housing Concepts Inc is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.5M |
| Total Expenses | $10.1M |
| Surplus / Deficit | $-569,068 |
| Total Assets | $89.9M |
| Total Liabilities | $45.8M |
| Net Assets | $44.2M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 50.9% |
| Months of Reserves | 106.8 months |
Financial Health Grade: C
In 2023, Community Housing Concepts Inc reported a deficit of $569K with expenses exceeding revenue, holds 106.8 months of operating reserves (strong position), has a debt-to-asset ratio of 50.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Community Housing Concepts Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +59.6% | -16.6% | +2.0% |
| 2022 | -13.1% | +54.2% | -2.4% |
| 2021 | -2.3% | +2.4% | +3.1% |
| 2020 | -72.9% | -71.2% | -55.0% |
| 2019 | +14.8% | -2.5% | -7.7% |
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 Community Housing Concepts Inc with a Mission Score of 75 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, Community Housing Concepts 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $569K, with expenses exceeding revenue.
- Debt-to-asset ratio: 50.9%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size with assets exceeding $150 million, suggesting either that executive compensation is not paid or is reported under other expense categories, which warrants further investigation for complete transparency.
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 Community Housing Concepts Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $569,068 in 2023, $6.1 million in 2022), indicating expenses frequently exceed revenue.
- Significant fluctuations in revenue and expenses year-over-year, suggesting potential instability in funding sources or project cycles.
- Reported 0% officer compensation for an organization with over $150 million in assets, which is highly unusual and warrants further scrutiny regarding executive pay transparency.
- Increasing liabilities over time, from $39.3 million in 2014 to $45.8 million in 2023, which could indicate growing debt burden.
Strengths
The following positive indicators were identified for Community Housing Concepts Inc:
- Substantial asset growth, from $79.8 million in 2014 to $150.3 million currently, indicating significant capacity and investment in its mission.
- Consistent filing of IRS Form 990s (13 filings), demonstrating a commitment to regulatory compliance and transparency.
- Mission-aligned NTEE code (L21 - Housing Development, Construction & Management) with significant assets suggesting active involvement in housing initiatives.
- Strong asset base provides a solid foundation for future housing projects and long-term sustainability, despite operational deficits.
Frequently Asked Questions about Community Housing Concepts Inc
Is Community Housing Concepts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Housing Concepts Inc (EIN: 202259316) some concerns. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.
How does Community Housing Concepts Inc spend its money?
Community Housing Concepts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Housing Concepts Inc tax-deductible?
Community Housing Concepts Inc is registered as a tax-exempt nonprofit (EIN: 202259316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Community Housing Concepts Inc. manage its consistent operating deficits, such as the $569,068 deficit in 2023 and $6.1 million deficit in 2022?
The organization likely covers these deficits through grants, contributions, or other non-operating income not fully detailed in the provided revenue figures, or by drawing down on reserves or increasing liabilities, as evidenced by the growing liabilities from $39.3 million in 2014 to $45.8 million in 2023.
What is the nature of the significant revenue and expense fluctuations, such as the drop from $25.9 million revenue in 2019 to $7.0 million in 2020, and the subsequent increase to $22.8 million in the latest period?
These fluctuations could indicate reliance on large, episodic grants, project-based funding, or significant property sales/acquisitions that are not consistent year-to-year. Understanding the source of these large swings is crucial for assessing financial stability.
Given the 0% officer compensation, how are the organization's leadership roles compensated, and is this fully transparent?
The consistent 0% officer compensation is highly unusual for an organization of this scale. It suggests that compensation for key management personnel might be reported under other expense categories, or that the organization relies heavily on volunteer leadership, which would be a significant operational detail.
What is the long-term strategy for managing the increasing liabilities, which grew from $39.3 million in 2014 to $45.8 million in 2023, and peaked at $96.3 million in 2018?
The increase in liabilities, especially in conjunction with asset growth, suggests the organization is likely leveraging debt for housing development projects. A clear strategy for debt repayment and management is essential for long-term financial health.
Filing History
IRS 990 filing history for Community Housing Concepts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Community Housing Concepts Inc's revenue has grown by 49.9%, moving from $6.4M to $9.5M. Total assets increased by 40.4% over the same period, from $64.1M to $89.9M. Total functional expenses fell by 3.2%, from $10.4M to $10.1M. In its most recent filing year (2023), Community Housing Concepts Inc reported a deficit of $569K, with expenses exceeding revenue. The organization holds $45.8M in liabilities against $89.9M in assets (debt-to-asset ratio: 50.9%), resulting in net assets of $44.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.5M | $10.1M | $89.9M | $45.8M | — | View 990 |
| 2022 | $6.0M | $12.1M | $88.2M | $39.7M | — | View 990 |
| 2021 | $6.9M | $7.9M | $90.3M | $41.1M | — | View 990 |
| 2020 | $7.0M | $7.7M | $87.6M | $38.3M | — | View 990 |
| 2019 | $26.0M | $26.6M | $194.8M | $78.8M | — | View 990 |
| 2018 | $22.6M | $27.3M | $211.0M | $96.3M | — | View 990 |
| 2017 | $7.5M | $7.9M | $85.6M | $37.2M | — | View 990 |
| 2016 | $16.6M | $8.7M | $85.7M | $36.6M | — | View 990 |
| 2015 | $8.0M | $9.5M | $82.4M | $40.2M | — | View 990 |
| 2014 | $11.9M | $11.2M | $79.8M | $39.3M | — | View 990 |
| 2013 | $13.6M | $8.3M | $73.2M | $32.2M | — | View 990 |
| 2012 | $10.7M | $8.1M | $70.0M | $36.8M | — | View 990 |
| 2011 | $6.4M | $10.4M | $64.1M | $32.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.5M, expenses of $10.1M, and assets of $89.9M (revenue +59.6% year-over-year).
- 2022: Revenue of $6.0M, expenses of $12.1M, and assets of $88.2M (revenue -13.1% year-over-year).
- 2021: Revenue of $6.9M, expenses of $7.9M, and assets of $90.3M (revenue -2.3% year-over-year).
- 2020: Revenue of $7.0M, expenses of $7.7M, and assets of $87.6M (revenue -72.9% year-over-year).
- 2019: Revenue of $26.0M, expenses of $26.6M, and assets of $194.8M (revenue +14.8% year-over-year).
- 2018: Revenue of $22.6M, expenses of $27.3M, and assets of $211.0M (revenue +201.9% year-over-year).
- 2017: Revenue of $7.5M, expenses of $7.9M, and assets of $85.6M (revenue -54.9% year-over-year).
- 2016: Revenue of $16.6M, expenses of $8.7M, and assets of $85.7M (revenue +108.5% year-over-year).
- 2015: Revenue of $8.0M, expenses of $9.5M, and assets of $82.4M (revenue -33.0% year-over-year).
- 2014: Revenue of $11.9M, expenses of $11.2M, and assets of $79.8M (revenue -12.5% year-over-year).
- 2013: Revenue of $13.6M, expenses of $8.3M, and assets of $73.2M (revenue +27.5% year-over-year).
- 2012: Revenue of $10.7M, expenses of $8.1M, and assets of $70.0M (revenue +67.7% year-over-year).
- 2011: Revenue of $6.4M, expenses of $10.4M, and assets of $64.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Housing Concepts Inc:
Data Sources and Methodology
This transparency report for Community Housing Concepts 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.