Concord Area Trust For Community Housing
Concord Area Trust For Community Housing consistently grows assets with no reported officer compensation.
EIN: 20433505 · Concord, NH · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is Concord Area Trust For Community Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concord Area Trust For Community Housing directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concord Area Trust For Community Housing
Concord Area Trust For Community Housing (EIN: 20433505) is a nonprofit organization based in Concord, NH, classified under NTEE code L20Z. The organization reported total revenue of $2.0M and total assets of $12.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord Area Trust For Community Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord Area Trust For Community Housing is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.4M |
| Surplus / Deficit | +$205K |
| Total Assets | $11.8M |
| Total Liabilities | $4.2M |
| Net Assets | $7.6M |
| Operating Margin | 12.9% |
| Debt-to-Asset Ratio | 35.4% |
| Months of Reserves | 102.7 months |
Financial Health Grade: A
In 2023, Concord Area Trust For Community Housing reported a surplus of $205K with revenue exceeding expenses, holds 102.7 months of operating reserves (strong position), has a debt-to-asset ratio of 35.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Concord Area Trust For Community Housing's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.1% | -3.3% | -0.3% |
| 2022 | +58.6% | -6.6% | +6.3% |
| 2021 | +27.6% | -3.7% | +3.5% |
| 2020 | -7.3% | -0.3% | +0.7% |
| 2019 | -6.5% | -6.2% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Concord Area Trust For Community Housing 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, Concord Area Trust For Community Housing 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 surplus of $205K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive salaries are categorized differently and not reported as officer compensation, which is highly unusual for an organization of this size with assets exceeding $12 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 Concord Area Trust For Community Housing's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $12 million in assets, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Concord Area Trust For Community Housing:
- Consistent asset growth, increasing from $9,605,124 in 2014 to $12,149,629 currently, indicating strong financial stewardship.
- Positive net income in most recent years (e.g., $1,584,209 revenue vs. $1,379,654 expenses in 2023), contributing to financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating a commitment to regulatory compliance and transparency.
- Strong asset base relative to annual expenses, providing a buffer for operations and future projects.
Frequently Asked Questions about Concord Area Trust For Community Housing
Is Concord Area Trust For Community Housing a legitimate charity?
Concord Area Trust For Community Housing (EIN: 20433505) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Concord Area Trust For Community Housing spend its money?
Concord Area Trust For Community Housing directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Concord Area Trust For Community Housing tax-deductible?
Concord Area Trust For Community Housing is registered as a tax-exempt nonprofit (EIN: 20433505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Concord Area Trust For Community Housing CEO make?
Concord Area Trust For Community Housing's highest-compensated officer earns $12 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Concord Area Trust For Community Housing's spending goes to programs?
Concord Area Trust For Community Housing directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concord Area Trust For Community Housing compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Concord Area Trust For Community Housing is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concord Area Trust For Community Housing located?
Concord Area Trust For Community Housing is headquartered in Concord, New Hampshire and files with the IRS under EIN 20433505. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Concord Area Trust For Community Housing have?
Concord Area Trust For Community Housing 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 $2.0M in total revenue.
How does CATCH achieve 0% officer compensation with over $12 million in assets?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests either a fully volunteer executive leadership, or that executive compensation is reported under other expense categories, which would warrant further investigation for full transparency.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data shows total revenues and expenses, a detailed breakdown of how expenses are allocated between programs, administration, and fundraising is not available. This information is crucial for a complete assessment of spending efficiency.
What is the long-term strategy for managing liabilities, which have fluctuated significantly?
Liabilities have fluctuated, for example, from $5,323,926 in 2017 to $4,176,396 in 2023. Understanding the nature of these liabilities (e.g., mortgages for affordable housing projects) and the strategy for their management is important for assessing long-term financial stability.
Filing History
IRS 990 filing history for Concord Area Trust For Community Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Concord Area Trust For Community Housing's revenue has grown by 16.8%, moving from $1.4M to $1.6M. Total assets increased by 48.6% over the same period, from $7.9M to $11.8M. Total functional expenses rose by 29.5%, from $1.1M to $1.4M. In its most recent filing year (2023), Concord Area Trust For Community Housing reported a surplus of $205K, with revenue exceeding expenses. The organization holds $4.2M in liabilities against $11.8M in assets (debt-to-asset ratio: 35.4%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.4M | $11.8M | $4.2M | — | View 990 |
| 2022 | $2.8M | $1.4M | $11.8M | $4.4M | — | View 990 |
| 2021 | $1.8M | $1.5M | $11.1M | $5.1M | — | View 990 |
| 2020 | $1.4M | $1.6M | $10.8M | $5.0M | — | View 990 |
| 2019 | $1.5M | $1.6M | $10.7M | $4.8M | — | View 990 |
| 2018 | $1.6M | $1.7M | $11.0M | $5.0M | — | — |
| 2017 | $1.7M | $1.5M | $11.4M | $5.3M | — | View 990 |
| 2016 | $1.7M | $1.5M | $10.5M | $4.6M | — | View 990 |
| 2015 | $1.6M | $1.5M | $9.7M | $4.0M | — | View 990 |
| 2014 | $1.2M | $1.2M | $9.6M | $4.0M | — | View 990 |
| 2013 | $1.1M | $961K | $8.2M | $2.5M | — | View 990 |
| 2012 | $3.2M | $1.2M | $7.7M | $2.1M | — | View 990 |
| 2011 | $1.4M | $1.1M | $7.9M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.4M, and assets of $11.8M (revenue -44.1% year-over-year).
- 2022: Revenue of $2.8M, expenses of $1.4M, and assets of $11.8M (revenue +58.6% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.5M, and assets of $11.1M (revenue +27.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $10.8M (revenue -7.3% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $10.7M (revenue -6.5% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $11.0M (revenue -5.4% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $11.4M (revenue +2.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $10.5M (revenue +5.0% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $9.7M (revenue +34.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $9.6M (revenue +5.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $961K, and assets of $8.2M (revenue -64.9% year-over-year).
- 2012: Revenue of $3.2M, expenses of $1.2M, and assets of $7.7M (revenue +136.1% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.1M, and assets of $7.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord Area Trust For Community Housing:
Data Sources and Methodology
This transparency report for Concord Area Trust For Community Housing 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.