Ech Housing Inc
Ech Housing Inc. faces persistent operating deficits and increasing liabilities, with assets no longer covering its debts.
EIN: 161362897 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.9M |
| Total Expenses | $5.7M |
| Program Spending | 75% |
| Net Assets | $-923,939 |
| Transparency Score | 60/100 |
Is Ech Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ech Housing Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ech Housing Inc
Ech Housing Inc (EIN: 161362897) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $4.9M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ech Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ech Housing Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-1,173,948 |
| Total Assets | $12.7M |
| Total Liabilities | $13.6M |
| Net Assets | $-923,939 |
| Operating Margin | -26.1% |
| Debt-to-Asset Ratio | 107.3% |
| Months of Reserves | 26.9 months |
Financial Health Grade: C
In 2023, Ech Housing Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 26.9 months of operating reserves (strong position), has a debt-to-asset ratio of 107.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ech Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.2% | +14.0% | -3.4% |
| 2022 | +199.0% | +103.8% | -3.0% |
| 2021 | +49.5% | +43713.7% | +48.6% |
| 2020 | -60.0% | -99.4% | +578.1% |
| 2019 | +64.1% | -32.2% | -62.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Ech Housing Inc 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Ech Housing Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.3%.
Executive Compensation Analysis
Ech Housing Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly commendable for a nonprofit of its size.
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 Ech Housing Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in multiple recent years (e.g., $5.67M expenses vs. $4.49M revenue in 2023).
- Liabilities exceeding assets: In 2023, liabilities ($13,645,240) surpassed assets ($12,721,301), indicating potential insolvency.
- Significant fluctuation in assets and liabilities over time, suggesting potential instability or major capital projects without clear financial backing.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
Strengths
The following positive indicators were identified for Ech Housing Inc:
- Zero officer compensation reported across all filings, indicating a strong commitment to directing funds to the mission.
- Significant asset base ($12,236,706 latest reported), though currently outweighed by liabilities.
- Long filing history (13 filings), suggesting established operations.
Frequently Asked Questions about Ech Housing Inc
Is Ech Housing Inc a legitimate charity?
Ech Housing Inc (EIN: 161362897) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.9M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Ech Housing Inc spend its money?
Ech Housing Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ech Housing Inc tax-deductible?
Ech Housing Inc is registered as a tax-exempt nonprofit (EIN: 161362897). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ech Housing Inc's spending goes to programs?
Ech Housing Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ech Housing Inc located?
Ech Housing Inc is headquartered in Rochester, New York and files with the IRS under EIN 161362897.
How many years of IRS 990 filings does Ech Housing Inc have?
Ech Housing 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 $4.9M in total revenue.
Is Ech Housing Inc. financially sustainable given its consistent operating deficits?
The organization has reported expenses exceeding revenue in multiple recent periods (e.g., $5.67M expenses vs. $4.49M revenue in 2023), leading to concerns about its long-term financial sustainability. Its liabilities also exceeded assets in 2023 ($13.65M liabilities vs. $12.72M assets).
What is the cause of the significant increase in liabilities, particularly in 2023?
Liabilities have steadily increased, reaching $13,645,240 in 2023, which is higher than its assets. The specific reasons for this increase are not detailed in the provided summary data but warrant further investigation into the organization's balance sheet.
How does Ech Housing Inc. cover its operational shortfalls?
With consistent operating deficits, the organization must be drawing down reserves, incurring debt, or receiving non-operating income not reflected in the 'Revenue' figures to cover its expenses. This trend is not sustainable indefinitely.
What are the primary program activities and their associated costs?
The provided data does not detail the specific program activities or their individual costs, making it difficult to assess the impact of the spending relative to the mission. Further review of the full 990 form would be necessary.
Filing History
IRS 990 filing history for Ech Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ech Housing Inc's revenue has grown by 202.1%, moving from $1.5M to $4.5M. Total assets increased by 196.4% over the same period, from $4.3M to $12.7M. Total functional expenses rose by 300.7%, from $1.4M to $5.7M. In its most recent filing year (2023), Ech Housing Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $13.6M in liabilities against $12.7M in assets (debt-to-asset ratio: 107.3%), resulting in net assets of $-923,939.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $5.7M | $12.7M | $13.6M | — | — |
| 2022 | $4.2M | $5.0M | $13.2M | $12.7M | — | View 990 |
| 2021 | $1.4M | $2.4M | $13.6M | $12.3M | — | View 990 |
| 2020 | $947K | $6K | $9.1M | $6.9M | — | View 990 |
| 2019 | $2.4M | $980K | $1.3M | $10K | — | View 990 |
| 2018 | $1.4M | $1.4M | $3.5M | $2.5M | — | View 990 |
| 2017 | $1.4M | $1.4M | $3.7M | $2.6M | — | View 990 |
| 2016 | $1.3M | $1.3M | $3.8M | $2.8M | — | View 990 |
| 2015 | $1.3M | $1.3M | $4.0M | $2.9M | — | View 990 |
| 2014 | $1.4M | $1.3M | $4.1M | $2.9M | — | View 990 |
| 2013 | $1.4M | $1.3M | $4.1M | $2.9M | — | View 990 |
| 2012 | $1.5M | $1.5M | $4.2M | $3.2M | — | View 990 |
| 2011 | $1.5M | $1.4M | $4.3M | $3.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $5.7M, and assets of $12.7M (revenue +6.2% year-over-year).
- 2022: Revenue of $4.2M, expenses of $5.0M, and assets of $13.2M (revenue +199.0% year-over-year).
- 2021: Revenue of $1.4M, expenses of $2.4M, and assets of $13.6M (revenue +49.5% year-over-year).
- 2020: Revenue of $947K, expenses of $6K, and assets of $9.1M (revenue -60.0% year-over-year).
- 2019: Revenue of $2.4M, expenses of $980K, and assets of $1.3M (revenue +64.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $3.5M (revenue +4.5% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $3.7M (revenue +5.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $3.8M (revenue +3.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $4.0M (revenue -10.3% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $4.1M (revenue -1.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $4.1M (revenue -4.5% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $4.2M (revenue +1.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ech Housing Inc:
Data Sources and Methodology
This transparency report for Ech 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.