Continuum Supportive Housing Of Wethersfield Inc
EIN: 61474437 · New Haven, CT · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $173K |
| Total Expenses | $126K |
| Net Assets | $191K |
Is Continuum Supportive Housing Of Wethersfield Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Continuum Supportive Housing Of Wethersfield Inc
Continuum Supportive Housing Of Wethersfield Inc (EIN: 61474437) is a nonprofit organization based in New Haven, CT, classified under NTEE code L20. The organization reported total revenue of $173K and total assets of $400K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Continuum Supportive Housing Of Wethersfield Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Continuum Supportive Housing Of Wethersfield Inc is a small nonprofit that has been operating for 8 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $83K |
| Total Expenses | $126K |
| Surplus / Deficit | $-43,580 |
| Total Assets | $396K |
| Total Liabilities | $205K |
| Net Assets | $191K |
| Operating Margin | -52.6% |
| Debt-to-Asset Ratio | 51.8% |
| Months of Reserves | 37.6 months |
Financial Health Grade: C
In 2023, Continuum Supportive Housing Of Wethersfield Inc reported a deficit of $44K with expenses exceeding revenue, holds 37.6 months of operating reserves (strong position), has a debt-to-asset ratio of 51.8% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Continuum Supportive Housing Of Wethersfield Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +1.2% | +4.2% |
| 2022 | +1.7% | +7.5% | -2.5% |
| 2021 | -2.2% | +5.6% | -10.5% |
| 2020 | -10.1% | -4.7% | -1.5% |
| 2019 | +3.2% | -7.6% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Continuum Supportive Housing Of Wethersfield Inc 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 Continuum Supportive Housing Of Wethersfield Inc 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 $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.8%.
Frequently Asked Questions about Continuum Supportive Housing Of Wethersfield Inc
Is Continuum Supportive Housing Of Wethersfield Inc a legitimate charity?
Continuum Supportive Housing Of Wethersfield Inc (EIN: 61474437) is a registered tax-exempt nonprofit based in Connecticut. It has 7 years of IRS 990 filings on record. Total revenue: $173K. No red flags identified. Financial health grade: C.
How does Continuum Supportive Housing Of Wethersfield Inc spend its money?
Continuum Supportive Housing Of Wethersfield Inc reported $173K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Continuum Supportive Housing Of Wethersfield Inc tax-deductible?
Continuum Supportive Housing Of Wethersfield Inc is registered as a tax-exempt nonprofit (EIN: 61474437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Continuum Supportive Housing Of Wethersfield Inc located?
Continuum Supportive Housing Of Wethersfield Inc is headquartered in New Haven, Connecticut and files with the IRS under EIN 61474437. It is classified under NTEE code L20.
How many years of IRS 990 filings does Continuum Supportive Housing Of Wethersfield Inc have?
Continuum Supportive Housing Of Wethersfield Inc has 7 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 $173K in total revenue.
Filing History
IRS 990 filing history for Continuum Supportive Housing Of Wethersfield Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Continuum Supportive Housing Of Wethersfield Inc's revenue has grown by 19.1%, moving from $70K to $83K. Total assets decreased by 7.2% over the same period, from $426K to $396K. Total functional expenses rose by 23.7%, from $102K to $126K. In its most recent filing year (2023), Continuum Supportive Housing Of Wethersfield Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $205K in liabilities against $396K in assets (debt-to-asset ratio: 51.8%), resulting in net assets of $191K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $83K | $126K | $396K | $205K | — | View 990 |
| 2022 | $83K | $125K | $380K | $146K | — | View 990 |
| 2021 | $82K | $116K | $390K | $113K | — | — |
| 2020 | $83K | $110K | $435K | $124K | — | View 990 |
| 2019 | $93K | $115K | $442K | $104K | — | View 990 |
| 2018 | $90K | $125K | $419K | $58K | — | View 990 |
| 2017 | $70K | $102K | $426K | $617K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $83K, expenses of $126K, and assets of $396K (revenue -0.1% year-over-year).
- 2022: Revenue of $83K, expenses of $125K, and assets of $380K (revenue +1.7% year-over-year).
- 2021: Revenue of $82K, expenses of $116K, and assets of $390K (revenue -2.2% year-over-year).
- 2020: Revenue of $83K, expenses of $110K, and assets of $435K (revenue -10.1% year-over-year).
- 2019: Revenue of $93K, expenses of $115K, and assets of $442K (revenue +3.2% year-over-year).
- 2018: Revenue of $90K, expenses of $125K, and assets of $419K (revenue +29.2% year-over-year).
- 2017: Revenue of $70K, expenses of $102K, and assets of $426K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Continuum Supportive Housing Of Wethersfield Inc:
Data Sources and Methodology
This transparency report for Continuum Supportive Housing Of Wethersfield 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.