East Bay Housing Options Inc
East Bay Housing Options Inc. consistently operates at a deficit, drawing down assets while maintaining zero executive compensation.
EIN: 10729022 · Warwick, RI · NTEE: P70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $132K |
| Total Expenses | $165K |
| Program Spending | 85% |
| Net Assets | $758K |
| Transparency Score | 75/100 |
Is East Bay Housing Options Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
East Bay Housing Options Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About East Bay Housing Options Inc
East Bay Housing Options Inc (EIN: 10729022) is a nonprofit organization based in Warwick, RI, classified under NTEE code P70. The organization reported total revenue of $132K and total assets of $916K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Bay Housing Options Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
East Bay Housing Options Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $165K |
| Surplus / Deficit | $-36,848 |
| Total Assets | $980K |
| Total Liabilities | $222K |
| Net Assets | $758K |
| Operating Margin | -28.7% |
| Debt-to-Asset Ratio | 22.6% |
| Months of Reserves | 71.1 months |
Financial Health Grade: B
In 2023, East Bay Housing Options Inc reported a deficit of $37K with expenses exceeding revenue, holds 71.1 months of operating reserves (strong position), has a debt-to-asset ratio of 22.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), East Bay Housing Options Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +13.0% | -5.4% |
| 2022 | +54.9% | -6.8% | +4.1% |
| 2021 | +18.4% | +20.7% | -1.5% |
| 2020 | -14.1% | +4.8% | -3.7% |
| 2019 | -1.4% | +5.9% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 East Bay Housing Options Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, East Bay Housing Options Inc 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 deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.6%.
Executive Compensation Analysis
Executive compensation has consistently been 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 a strong positive for directing funds to programs.
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 East Bay Housing Options Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported year.
- Gradual but steady decline in total assets over the past decade, from $1,232,130 in 2014 to $979,754 in 2023.
Strengths
The following positive indicators were identified for East Bay Housing Options Inc:
- Zero reported officer compensation, indicating a highly efficient or volunteer-led executive structure.
- Consistent IRS 990 filing history, demonstrating good transparency.
- Significant reduction in liabilities from $1.5 million in 2016 to $221,777 in 2023, improving financial stability.
- Clear mission alignment with NTEE code P70 (Housing & Shelter).
Frequently Asked Questions about East Bay Housing Options Inc
Is East Bay Housing Options Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, East Bay Housing Options Inc (EIN: 10729022) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does East Bay Housing Options Inc spend its money?
East Bay Housing Options Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to East Bay Housing Options Inc tax-deductible?
East Bay Housing Options Inc is registered as a tax-exempt nonprofit (EIN: 10729022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of East Bay Housing Options Inc's spending goes to programs?
East Bay Housing Options Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does East Bay Housing Options Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), East Bay Housing Options Inc is above average for NTEE category P70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is East Bay Housing Options Inc located?
East Bay Housing Options Inc is headquartered in Warwick, Rhode Island and files with the IRS under EIN 10729022. It is classified under NTEE code P70.
How many years of IRS 990 filings does East Bay Housing Options Inc have?
East Bay Housing Options Inc 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 $132K in total revenue.
How does East Bay Housing Options Inc. cover its consistent operational deficits?
The organization consistently spends more than it earns, for example, $165,291 in expenses against $128,443 in revenue in 2023. This deficit appears to be covered by drawing down its assets, which have decreased from $1,232,130 in 2014 to $979,754 in 2023.
What is the long-term sustainability plan given the ongoing asset depletion?
With assets declining from over $1.2 million to under $1 million over a decade due to consistent deficit spending, the organization needs a clear strategy to either increase revenue or reduce expenses to ensure long-term sustainability.
What specific programs does East Bay Housing Options Inc. operate?
While the NTEE code P70 indicates a focus on Housing & Shelter, the provided data does not detail specific programs. Further investigation into their annual reports or website would be needed to understand their programmatic activities.
How did the organization manage to significantly reduce its liabilities between 2016 and 2017?
Liabilities dramatically decreased from $1,507,545 in 2016 to $76,324 in 2017. This significant reduction suggests a major financial event, such as debt repayment or restructuring, which would be important to understand for a complete financial picture.
Filing History
IRS 990 filing history for East Bay Housing Options Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), East Bay Housing Options Inc's revenue has grown by 61.3%, moving from $80K to $128K. Total assets decreased by 25.2% over the same period, from $1.3M to $980K. Total functional expenses rose by 54.2%, from $107K to $165K. In its most recent filing year (2023), East Bay Housing Options Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $222K in liabilities against $980K in assets (debt-to-asset ratio: 22.6%), resulting in net assets of $758K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128K | $165K | $980K | $222K | — | View 990 |
| 2022 | $117K | $146K | $1.0M | $240K | — | View 990 |
| 2021 | $76K | $157K | $994K | $170K | — | — |
| 2020 | $64K | $130K | $1.0M | $104K | — | View 990 |
| 2019 | $74K | $124K | $1.0M | $76K | — | View 990 |
| 2018 | $75K | $117K | $1.1M | $71K | — | View 990 |
| 2017 | $74K | $116K | $1.1M | $76K | — | View 990 |
| 2016 | $78K | $112K | $1.2M | $1.5M | — | View 990 |
| 2015 | $78K | $113K | $1.2M | $1.5M | — | View 990 |
| 2014 | $75K | $103K | $1.2M | $1.5M | — | View 990 |
| 2013 | $75K | $102K | $1.3M | $1.5M | — | View 990 |
| 2012 | $76K | $103K | $1.3M | $1.5M | — | View 990 |
| 2011 | $80K | $107K | $1.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128K, expenses of $165K, and assets of $980K (revenue +9.7% year-over-year).
- 2022: Revenue of $117K, expenses of $146K, and assets of $1.0M (revenue +54.9% year-over-year).
- 2021: Revenue of $76K, expenses of $157K, and assets of $994K (revenue +18.4% year-over-year).
- 2020: Revenue of $64K, expenses of $130K, and assets of $1.0M (revenue -14.1% year-over-year).
- 2019: Revenue of $74K, expenses of $124K, and assets of $1.0M (revenue -1.4% year-over-year).
- 2018: Revenue of $75K, expenses of $117K, and assets of $1.1M (revenue +2.2% year-over-year).
- 2017: Revenue of $74K, expenses of $116K, and assets of $1.1M (revenue -5.4% year-over-year).
- 2016: Revenue of $78K, expenses of $112K, and assets of $1.2M (revenue +0.5% year-over-year).
- 2015: Revenue of $78K, expenses of $113K, and assets of $1.2M (revenue +3.0% year-over-year).
- 2014: Revenue of $75K, expenses of $103K, and assets of $1.2M (revenue +0.4% year-over-year).
- 2013: Revenue of $75K, expenses of $102K, and assets of $1.3M (revenue -1.7% year-over-year).
- 2012: Revenue of $76K, expenses of $103K, and assets of $1.3M (revenue -4.2% year-over-year).
- 2011: Revenue of $80K, expenses of $107K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for East Bay Housing Options Inc:
Data Sources and Methodology
This transparency report for East Bay Housing Options 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.