Ebc Housing Iii
Ebc Housing Iii consistently operates at a deficit with declining assets and high liabilities.
EIN: 204525971 · Cleveland, OH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $378K |
| Total Expenses | $526K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-2,359,024 |
| Transparency Score | 60/100 |
Is Ebc Housing Iii Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ebc Housing Iii directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ebc Housing Iii
Ebc Housing Iii (EIN: 204525971) is a nonprofit organization based in Cleveland, OH, classified under NTEE code L22. The organization reported total revenue of $378K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ebc Housing Iii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ebc Housing Iii is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $443K |
| Total Expenses | $526K |
| Surplus / Deficit | $-82,623 |
| Total Assets | $2.4M |
| Total Liabilities | $4.8M |
| Net Assets | $-2,359,024 |
| Operating Margin | -18.7% |
| Debt-to-Asset Ratio | 197.3% |
| Months of Reserves | 55.4 months |
Financial Health Grade: C
In 2023, Ebc Housing Iii reported a deficit of $83K with expenses exceeding revenue, holds 55.4 months of operating reserves (strong position), has a debt-to-asset ratio of 197.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ebc Housing Iii's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.0% | +10.6% | -6.6% |
| 2022 | +3.1% | -3.3% | -1.3% |
| 2021 | +7.0% | -2.6% | -4.9% |
| 2020 | +10.1% | +10.5% | -5.7% |
| 2019 | +7.9% | -3.8% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Ebc Housing Iii with a Mission Score of 60 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, Ebc Housing Iii 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 $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 197.3%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not reported as officer compensation, which suggests a highly lean administrative structure for an organization with over $2 million in assets.
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 Ebc Housing Iii's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- Declining asset base over the past decade (from $3.7M in 2014 to $2.4M in 2023)
- High liabilities consistently exceeding total assets, indicating potential solvency risk
- Lack of clarity on how consistent deficits are funded without officer compensation
Strengths
The following positive indicators were identified for Ebc Housing Iii:
- No reported officer compensation, indicating a lean administrative cost structure
- Mission-aligned NTEE code (L22 - Housing Development, Construction & Management)
- Long filing history (13 filings) suggests consistent operation and transparency in reporting
Frequently Asked Questions about Ebc Housing Iii
Is Ebc Housing Iii a legitimate charity?
Ebc Housing Iii (EIN: 204525971) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $378K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Ebc Housing Iii spend its money?
Ebc Housing Iii directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ebc Housing Iii tax-deductible?
Ebc Housing Iii is registered as a tax-exempt nonprofit (EIN: 204525971). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ebc Housing Iii CEO make?
Ebc Housing Iii's highest-compensated officer earns $2 annually. The organization reported $378K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ebc Housing Iii's spending goes to programs?
Ebc Housing Iii directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ebc Housing Iii compare to similar nonprofits?
With a transparency score of 60/100 (Good), Ebc Housing Iii is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ebc Housing Iii located?
Ebc Housing Iii is headquartered in Cleveland, Ohio and files with the IRS under EIN 204525971. It is classified under NTEE code L22.
How many years of IRS 990 filings does Ebc Housing Iii have?
Ebc Housing Iii 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 $378K in total revenue.
How does Ebc Housing Iii cover its consistent operating deficits?
The consistent operating deficits, where expenses exceed revenue (e.g., $525,526 expenses vs. $442,903 revenue in 2023), suggest the organization is either drawing down on its assets or increasing its liabilities to cover operational costs. Given the declining asset base and stable high liabilities, it's likely a combination of both.
What is the nature of Ebc Housing Iii's significant liabilities?
With liabilities consistently around $4.7-$4.8 million, significantly exceeding assets, it's crucial to understand if these are long-term mortgages or other forms of debt related to its housing development mission. This level of debt relative to assets raises questions about long-term financial stability.
Why are Ebc Housing Iii's assets consistently declining?
Assets have decreased from $3,733,540 in 2014 to $2,425,007 in 2023. This decline, coupled with operating deficits, suggests that the organization may be liquidating assets or that the value of its property holdings is depreciating without sufficient reinvestment or new acquisitions.
Filing History
IRS 990 filing history for Ebc Housing Iii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ebc Housing Iii's revenue has grown by 100.4%, moving from $221K to $443K. Total assets decreased by 43.2% over the same period, from $4.3M to $2.4M. Total functional expenses fell by 23.8%, from $689K to $526K. In its most recent filing year (2023), Ebc Housing Iii reported a deficit of $83K, with expenses exceeding revenue. The organization holds $4.8M in liabilities against $2.4M in assets (debt-to-asset ratio: 197.3%), resulting in net assets of $-2,359,024.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $443K | $526K | $2.4M | $4.8M | — | — |
| 2022 | $372K | $475K | $2.6M | $4.9M | — | View 990 |
| 2021 | $361K | $492K | $2.6M | $4.8M | — | View 990 |
| 2020 | $337K | $505K | $2.8M | $4.8M | — | View 990 |
| 2019 | $306K | $457K | $2.9M | $4.8M | — | View 990 |
| 2018 | $284K | $475K | $3.1M | $4.8M | — | View 990 |
| 2017 | $276K | $441K | $3.2M | $4.8M | — | View 990 |
| 2016 | $265K | $464K | $3.4M | $4.8M | — | View 990 |
| 2015 | $241K | $444K | $3.6M | $4.8M | — | View 990 |
| 2014 | $259K | $426K | $3.7M | $4.7M | — | View 990 |
| 2013 | $257K | $440K | $3.9M | $4.7M | — | View 990 |
| 2012 | $360K | $441K | $4.1M | $4.7M | — | View 990 |
| 2011 | $221K | $689K | $4.3M | $4.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $443K, expenses of $526K, and assets of $2.4M (revenue +19.0% year-over-year).
- 2022: Revenue of $372K, expenses of $475K, and assets of $2.6M (revenue +3.1% year-over-year).
- 2021: Revenue of $361K, expenses of $492K, and assets of $2.6M (revenue +7.0% year-over-year).
- 2020: Revenue of $337K, expenses of $505K, and assets of $2.8M (revenue +10.1% year-over-year).
- 2019: Revenue of $306K, expenses of $457K, and assets of $2.9M (revenue +7.9% year-over-year).
- 2018: Revenue of $284K, expenses of $475K, and assets of $3.1M (revenue +2.9% year-over-year).
- 2017: Revenue of $276K, expenses of $441K, and assets of $3.2M (revenue +4.2% year-over-year).
- 2016: Revenue of $265K, expenses of $464K, and assets of $3.4M (revenue +9.7% year-over-year).
- 2015: Revenue of $241K, expenses of $444K, and assets of $3.6M (revenue -6.7% year-over-year).
- 2014: Revenue of $259K, expenses of $426K, and assets of $3.7M (revenue +0.6% year-over-year).
- 2013: Revenue of $257K, expenses of $440K, and assets of $3.9M (revenue -28.5% year-over-year).
- 2012: Revenue of $360K, expenses of $441K, and assets of $4.1M (revenue +62.8% year-over-year).
- 2011: Revenue of $221K, expenses of $689K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ebc Housing Iii:
Data Sources and Methodology
This transparency report for Ebc Housing Iii 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.