Db Housing Inc
Db Housing Inc: Declining Revenue, High Administrative Costs Raise Concerns
EIN: 223042334 · Dorchester, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $884K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $956K |
| Transparency Score | 65/100 |
Is Db Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Db Housing Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Db Housing Inc
Db Housing Inc (EIN: 223042334) is a nonprofit organization based in Dorchester, MA. The organization reported total revenue of $1.1M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Db Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Db Housing Inc is a mid-size nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2011–2023). 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 | $833K |
| Total Expenses | $884K |
| Surplus / Deficit | $-51,421 |
| Total Assets | $1.7M |
| Total Liabilities | $788K |
| Net Assets | $956K |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 45.2% |
| Months of Reserves | 23.7 months |
Financial Health Grade: B
In 2023, Db Housing Inc reported a deficit of $51K with expenses exceeding revenue, holds 23.7 months of operating reserves (strong position), has a debt-to-asset ratio of 45.2% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Db Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -33.4% | -19.7% | +5.9% |
| 2022 | -70.1% | -75.0% | -2.0% |
| 2021 | +350.1% | +318.0% | -13.6% |
| 2020 | -17.3% | -18.6% | -12.9% |
| 2019 | +14.4% | -13.3% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Db Housing Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Db Housing Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 45.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which, while potentially indicating volunteer leadership, warrants further investigation to ensure full transparency regarding all forms of compensation or benefits.
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 Db Housing Inc's IRS 990 filings:
- Significant and consistent decline in revenue from $4,180,799 in 2021 to $832,659 in 2023, raising sustainability concerns.
- Expenses frequently exceed revenue, leading to a decrease in net assets over time.
- The consistent reporting of 0% compensation for all highest-paid employees across multiple years could be a red flag for incomplete disclosure or a highly unusual operational model.
- Net assets have decreased from $3,388,766 in 2016 to $1,743,709 in 2023, indicating a long-term financial decline.
Strengths
The following positive indicators were identified for Db Housing Inc:
- The organization has maintained operations for several years despite financial fluctuations, demonstrating resilience.
- The consistent reporting of 0% compensation for key personnel could indicate a strong volunteer base or highly dedicated, unpaid leadership.
Frequently Asked Questions about Db Housing Inc
Is Db Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Db Housing Inc (EIN: 223042334) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Db Housing Inc spend its money?
Db Housing Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Db Housing Inc tax-deductible?
Db Housing Inc is registered as a tax-exempt nonprofit (EIN: 223042334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Db Housing Inc CEO make?
Db Housing Inc's highest-compensated officer earns $0 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Db Housing Inc's spending goes to programs?
Db Housing Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Db Housing Inc located?
Db Housing Inc is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 223042334.
How many years of IRS 990 filings does Db Housing Inc have?
Db Housing Inc has 14 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 $1.1M in total revenue.
What does Db Housing Inc do?
Db Housing Inc is a nonprofit organization in the Unknown sector, located in Dorchester, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Db Housing Inc have?
Db Housing Inc reported total revenue of $1,052,142. Based on 14 IRS 990 filings on record.
What are Db Housing Inc's total assets?
Db Housing Inc holds total assets of $2,950,242 as reported in IRS 990 filings.
Where is Db Housing Inc located?
Db Housing Inc is based in Dorchester, Massachusetts.
What is Db Housing Inc's EIN?
Db Housing Inc's Employer Identification Number (EIN) is 223042334. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Db Housing Inc?
Db Housing Inc is classified under NTEE code Unknown (Unknown).
Is Db Housing Inc a registered 501(c)(3)?
Db Housing Inc appears in IRS records (EIN: 223042334). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Db Housing Inc file IRS Form 990?
Yes, Db Housing Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Db Housing Inc's revenue in 2023?
In the 202312 filing period, Db Housing Inc reported total revenue of $832,659, total expenses of $884,080, and net assets of $1,743,709.
Is Db Housing Inc's revenue growing or declining?
Db Housing Inc's revenue is declining. Revenue went from $1,250,030 (202212) to $832,659 (202312), a -33.4% change. Based on 14 filings on record.
What is Db Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Db Housing Inc covers tax period 202312. It shows revenue of $832,659, expenses of $884,080, total assets of $1,743,709, and liabilities of $787,698.
How much does Db Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Db Housing Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Db Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Db Housing Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Db Housing Inc?
The following concerns were identified: Significant and consistent decline in revenue from $4,180,799 in 2021 to $832,659 in 2023, raising sustainability concerns.. Expenses frequently exceed revenue, leading to a decrease in net assets over time.. The consistent reporting of 0% compensation for all highest-paid employees across multiple years could be a red flag for incomplete disclosure or a highly unusual operational model.. Net assets have decreased from $3,388,766 in 2016 to $1,743,709 in 2023, indicating a long-term financial decline.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Db Housing Inc's strengths?
Positive indicators for Db Housing Inc include: The organization has maintained operations for several years despite financial fluctuations, demonstrating resilience.. The consistent reporting of 0% compensation for key personnel could indicate a strong volunteer base or highly dedicated, unpaid leadership.. These findings are derived from AI analysis of the organization's financial filings.
How does Db Housing Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which, while potentially indicating volunteer leadership, warrants further investigation to ensure full transparency regarding all forms of compensation or benefits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, what is the operational model for leadership and how are key personnel incentivized or supported?
The filings consistently show $0 for compensation, suggesting either a fully volunteer-led organization or that compensation is structured in a way not captured by the standard reporting for highest-paid employees. Further inquiry into their operational structure and leadership support mechanisms is needed.
What specific factors contributed to the dramatic revenue decline from over $4 million in 2021 to under $1 million in 2023, and what strategies are in place to reverse this trend?
The data shows a sharp drop from $4,180,799 in 2021 to $832,659 in 2023. Understanding the underlying causes, such as loss of major grants, changes in funding streams, or program reductions, is crucial for assessing future viability.
Filing History
IRS 990 filing history for Db Housing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Db Housing Inc's revenue has grown by 42.9%, moving from $583K to $833K. Total assets decreased by 84.9% over the same period, from $11.5M to $1.7M. Total functional expenses rose by 1567.3%, from $53K to $884K. In its most recent filing year (2023), Db Housing Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $788K in liabilities against $1.7M in assets (debt-to-asset ratio: 45.2%), resulting in net assets of $956K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $833K | $884K | $1.7M | $788K | — | — |
| 2022 | $1.3M | $1.1M | $1.6M | $640K | — | View 990 |
| 2021 | $4.2M | $4.4M | $1.7M | $1.1M | — | View 990 |
| 2020 | $929K | $1.1M | $1.9M | $1.1M | — | View 990 |
| 2019 | $1.1M | $1.3M | $2.2M | $1.3M | — | View 990 |
| 2018 | $982K | $1.5M | $2.3M | $1.2M | — | View 990 |
| 2017 | $1.4M | $1.6M | $3.2M | $1.6M | — | View 990 |
| 2016 | $530K | $204K | $3.4M | $1.6M | — | View 990 |
| 2015 | $600K | $233K | $3.1M | $1.6M | — | View 990 |
| 2014 | $784K | $284K | $3.8M | $2.5M | — | View 990 |
| 2013 | $1.5M | $504K | $4.3M | $2.1M | — | View 990 |
| 2012 | $654K | $373K | $10.7M | $9.2M | — | View 990 |
| 2011 | $636K | $93K | $8.0M | $6.7M | — | View 990 |
| 2011 | $583K | $53K | $11.5M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $833K, expenses of $884K, and assets of $1.7M (revenue -33.4% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.1M, and assets of $1.6M (revenue -70.1% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.4M, and assets of $1.7M (revenue +350.1% year-over-year).
- 2020: Revenue of $929K, expenses of $1.1M, and assets of $1.9M (revenue -17.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $2.2M (revenue +14.4% year-over-year).
- 2018: Revenue of $982K, expenses of $1.5M, and assets of $2.3M (revenue -28.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.6M, and assets of $3.2M (revenue +157.3% year-over-year).
- 2016: Revenue of $530K, expenses of $204K, and assets of $3.4M (revenue -11.6% year-over-year).
- 2015: Revenue of $600K, expenses of $233K, and assets of $3.1M (revenue -23.5% year-over-year).
- 2014: Revenue of $784K, expenses of $284K, and assets of $3.8M (revenue -49.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $504K, and assets of $4.3M (revenue +135.7% year-over-year).
- 2012: Revenue of $654K, expenses of $373K, and assets of $10.7M (revenue +2.9% year-over-year).
- 2011: Revenue of $636K, expenses of $93K, and assets of $8.0M (revenue +9.1% year-over-year).
- 2011: Revenue of $583K, expenses of $53K, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Db Housing Inc:
Data Sources and Methodology
This transparency report for Db Housing 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.