Drew County Housing Inc
Drew County Housing Inc. faces persistent deficit spending, leading to a 31% decline in assets over nine years.
EIN: 204772002 · Monticello, AR · NTEE: L20 · Updated: 2026-03-28
Is Drew County Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Drew County Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Drew County Housing Inc
Drew County Housing Inc (EIN: 204772002) is a nonprofit organization based in Monticello, AR, classified under NTEE code L20. The organization reported total revenue of $46K and total assets of $617K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Drew County Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Drew County Housing Inc with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Drew County Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly favorable for resource allocation.
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 Drew County Housing Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in most recent periods, e.g., $93,891 expenses vs. $52,324 revenue in 202405.
- Significant decline in total assets over time, from $926,434 in 201505 to $637,547 in 202405, indicating erosion of financial reserves.
Strengths
The following positive indicators were identified for Drew County Housing Inc:
- Excellent financial transparency with consistent IRS 990 filings.
- Zero executive compensation reported across all filings, ensuring funds are not diverted to high salaries.
- Low liabilities, consistently below $4,000, indicating responsible debt management.
Frequently Asked Questions about Drew County Housing Inc
Is Drew County Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Drew County Housing Inc (EIN: 204772002) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Drew County Housing Inc spend its money?
Drew County Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Drew County Housing Inc tax-deductible?
Drew County Housing Inc is registered as a tax-exempt nonprofit (EIN: 204772002). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Drew County Housing Inc. financially sustainable given its consistent deficit spending?
The organization has consistently spent more than it earned in most recent periods (e.g., $93,891 expenses vs. $52,324 revenue in 202405), leading to a decline in assets from $926,434 in 201505 to $637,547 in 202405. This trend suggests potential long-term sustainability challenges if not addressed.
How does the lack of officer compensation impact the organization?
The consistent 0% officer compensation across all filings is a strong positive, indicating that all operational funds are directed towards programs and administrative overhead rather than executive salaries, maximizing resource utilization for its mission.
What is the primary reason for the decline in assets?
The decline in assets, from $926,434 in 201505 to $637,547 in 202405, is primarily due to the organization's expenses frequently exceeding its revenues over multiple fiscal periods.
Filing History
IRS 990 filing history for Drew County Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Drew County Housing Inc's revenue has grown by 11.9%, moving from $47K to $52K. Total assets decreased by 33.9% over the same period, from $964K to $638K. Total functional expenses rose by 78%, from $53K to $94K. In its most recent filing year (2024), Drew County Housing Inc reported a deficit of $42K, with expenses exceeding revenue. The organization holds $4K in liabilities against $638K in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $634K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $52K | $94K | $638K | $4K | — | — |
| 2023 | $54K | $72K | $679K | $4K | — | — |
| 2022 | $36K | $82K | $697K | $4K | — | — |
| 2021 | $54K | $58K | $743K | $4K | — | — |
| 2020 | $39K | $61K | $747K | $4K | — | View 990 |
| 2019 | $42K | $64K | $769K | $4K | — | View 990 |
| 2018 | $49K | $75K | $790K | $4K | — | View 990 |
| 2017 | $45K | $78K | $816K | $4K | — | View 990 |
| 2016 | $45K | $123K | $849K | $4K | — | View 990 |
| 2015 | $39K | $58K | $926K | $3K | — | View 990 |
| 2014 | $46K | $55K | $945K | $4K | — | View 990 |
| 2013 | $45K | $54K | $954K | $3K | — | View 990 |
| 2012 | $47K | $53K | $964K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $52K, expenses of $94K, and assets of $638K (revenue -3.1% year-over-year).
- 2023: Revenue of $54K, expenses of $72K, and assets of $679K (revenue +48.2% year-over-year).
- 2022: Revenue of $36K, expenses of $82K, and assets of $697K (revenue -32.1% year-over-year).
- 2021: Revenue of $54K, expenses of $58K, and assets of $743K (revenue +39.1% year-over-year).
- 2020: Revenue of $39K, expenses of $61K, and assets of $747K (revenue -9.1% year-over-year).
- 2019: Revenue of $42K, expenses of $64K, and assets of $769K (revenue -12.5% year-over-year).
- 2018: Revenue of $49K, expenses of $75K, and assets of $790K (revenue +6.6% year-over-year).
- 2017: Revenue of $45K, expenses of $78K, and assets of $816K (revenue +0.2% year-over-year).
- 2016: Revenue of $45K, expenses of $123K, and assets of $849K (revenue +15.0% year-over-year).
- 2015: Revenue of $39K, expenses of $58K, and assets of $926K (revenue -15.1% year-over-year).
- 2014: Revenue of $46K, expenses of $55K, and assets of $945K (revenue +3.3% year-over-year).
- 2013: Revenue of $45K, expenses of $54K, and assets of $954K (revenue -3.9% year-over-year).
- 2012: Revenue of $47K, expenses of $53K, and assets of $964K.
Data Sources and Methodology
This transparency report for Drew County 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.