Concord Housing Development Corp
Concord Housing Development Corp maintains strong asset growth and zero executive compensation over a decade.
EIN: 20502885 · Concord, NH · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $52K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.4M |
| Transparency Score | 90/100 |
Is Concord Housing Development Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concord Housing Development Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concord Housing Development Corp
Concord Housing Development Corp (EIN: 20502885) is a nonprofit organization based in Concord, NH, classified under NTEE code L20. The organization reported total revenue of $1.8M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord Housing Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord Housing Development Corp is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 27.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $163K |
| Total Expenses | $52K |
| Surplus / Deficit | +$110K |
| Total Assets | $3.1M |
| Total Liabilities | $686K |
| Net Assets | $2.4M |
| Operating Margin | 67.8% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 715.8 months |
Financial Health Grade: A
In 2023, Concord Housing Development Corp reported a surplus of $110K with revenue exceeding expenses, holds 715.8 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Concord Housing Development Corp's revenue has grown at a compound annual growth rate (CAGR) of 27.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.1% | +4.5% | +4.2% |
| 2022 | -63.3% | -77.1% | +2.6% |
| 2021 | -18.2% | -30.5% | +5.2% |
| 2020 | -2.9% | +9.0% | +29.9% |
| 2019 | +21.7% | -5.4% | -15.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Housing Development Corp 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, Concord Housing Development Corp 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 surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization with assets exceeding $3 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.
Strengths
The following positive indicators were identified for Concord Housing Development Corp:
- Consistent asset growth, from $1.8M in 2014 to $3.1M in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Low expenses relative to revenue in recent years (e.g., $52,373 expenses vs. $162,764 revenue in 2023).
- Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance.
- Positive net income in most years, contributing to asset accumulation.
Frequently Asked Questions about Concord Housing Development Corp
Is Concord Housing Development Corp a legitimate charity?
Concord Housing Development Corp (EIN: 20502885) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Concord Housing Development Corp spend its money?
Concord Housing Development Corp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Concord Housing Development Corp tax-deductible?
Concord Housing Development Corp is registered as a tax-exempt nonprofit (EIN: 20502885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Concord Housing Development Corp CEO make?
Concord Housing Development Corp's highest-compensated officer earns $3 annually. The organization reported $1.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Concord Housing Development Corp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Concord Housing Development Corp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concord Housing Development Corp located?
Concord Housing Development Corp is headquartered in Concord, New Hampshire and files with the IRS under EIN 20502885. It is classified under NTEE code L20.
How many years of IRS 990 filings does Concord Housing Development Corp have?
Concord Housing Development Corp 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 $1.8M in total revenue.
Is Concord Housing Development Corp a good charity?
Based on the provided data, Concord Housing Development Corp appears to be a well-managed and financially sound organization. Its consistent asset growth, low expenses relative to revenue, and zero reported officer compensation are strong indicators of efficiency and dedication to its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth, with assets increasing from $1,834,555 in 2014 to $3,124,018 in 2023. Revenue and expenses fluctuate year-to-year, but assets have steadily climbed, indicating good financial management and accumulation of resources.
What is the organization's approach to executive compensation?
Concord Housing Development Corp consistently reports 0% officer compensation, suggesting a highly volunteer-driven leadership or that executive roles are compensated through non-officer classifications, which is a very efficient model for a nonprofit.
Filing History
IRS 990 filing history for Concord Housing Development Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Concord Housing Development Corp's revenue has grown by 1705.1%, moving from $9K to $163K. Total assets increased by 64.5% over the same period, from $1.9M to $3.1M. Total functional expenses fell by 25.1%, from $70K to $52K. In its most recent filing year (2023), Concord Housing Development Corp reported a surplus of $110K, with revenue exceeding expenses. The organization holds $686K in liabilities against $3.1M in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $163K | $52K | $3.1M | $686K | — | View 990 |
| 2022 | $114K | $50K | $3.0M | $670K | — | View 990 |
| 2021 | $310K | $219K | $2.9M | $656K | — | View 990 |
| 2020 | $379K | $316K | $2.8M | $602K | — | View 990 |
| 2019 | $390K | $290K | $2.1M | $26K | — | View 990 |
| 2018 | $321K | $306K | $2.5M | $520K | — | View 990 |
| 2017 | $276K | $284K | $2.0M | $39K | — | View 990 |
| 2016 | $427K | $239K | $2.3M | $328K | — | View 990 |
| 2015 | $199K | $183K | $1.8M | $19K | — | View 990 |
| 2014 | $232K | $164K | $1.8M | $36K | — | View 990 |
| 2013 | $238K | $258K | $2.2M | $487K | — | View 990 |
| 2012 | $560K | $215K | $2.3M | $539K | — | View 990 |
| 2011 | $9K | $70K | $1.9M | $493K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $163K, expenses of $52K, and assets of $3.1M (revenue +43.1% year-over-year).
- 2022: Revenue of $114K, expenses of $50K, and assets of $3.0M (revenue -63.3% year-over-year).
- 2021: Revenue of $310K, expenses of $219K, and assets of $2.9M (revenue -18.2% year-over-year).
- 2020: Revenue of $379K, expenses of $316K, and assets of $2.8M (revenue -2.9% year-over-year).
- 2019: Revenue of $390K, expenses of $290K, and assets of $2.1M (revenue +21.7% year-over-year).
- 2018: Revenue of $321K, expenses of $306K, and assets of $2.5M (revenue +16.2% year-over-year).
- 2017: Revenue of $276K, expenses of $284K, and assets of $2.0M (revenue -35.3% year-over-year).
- 2016: Revenue of $427K, expenses of $239K, and assets of $2.3M (revenue +114.4% year-over-year).
- 2015: Revenue of $199K, expenses of $183K, and assets of $1.8M (revenue -14.2% year-over-year).
- 2014: Revenue of $232K, expenses of $164K, and assets of $1.8M (revenue -2.5% year-over-year).
- 2013: Revenue of $238K, expenses of $258K, and assets of $2.2M (revenue -57.5% year-over-year).
- 2012: Revenue of $560K, expenses of $215K, and assets of $2.3M (revenue +6106.6% year-over-year).
- 2011: Revenue of $9K, expenses of $70K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord Housing Development Corp:
Data Sources and Methodology
This transparency report for Concord Housing Development 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.