Educational Housing Services Inc
Educational Housing Services Inc. consistently operates with significant liabilities exceeding assets, while reporting no officer compensation.
EIN: 133411159 · New York, NY · NTEE: L99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.9M |
| Total Expenses | $28.5M |
| Program Spending | 90% |
| Net Assets | $-35,817,413 |
| Transparency Score | 65/100 |
Is Educational Housing Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Educational Housing Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Educational Housing Services Inc
Educational Housing Services Inc (EIN: 133411159) is a nonprofit organization based in New York, NY, classified under NTEE code L99Z. The organization reported total revenue of $29.9M and total assets of $147.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Educational Housing Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Educational Housing Services Inc is a large nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.8M |
| Total Expenses | $28.5M |
| Surplus / Deficit | $-3,744,957 |
| Total Assets | $142.2M |
| Total Liabilities | $178.0M |
| Net Assets | $-35,817,413 |
| Operating Margin | -15.1% |
| Debt-to-Asset Ratio | 125.2% |
| Months of Reserves | 59.8 months |
Financial Health Grade: C
In 2023, Educational Housing Services Inc reported a deficit of $3.7M with expenses exceeding revenue, holds 59.8 months of operating reserves (strong position), has a debt-to-asset ratio of 125.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Educational Housing Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +6.9% | -1.0% |
| 2022 | +10.9% | +7.2% | -2.7% |
| 2021 | -23.1% | -5.5% | +6.0% |
| 2020 | -10.7% | -18.5% | +23.6% |
| 2019 | -4.3% | -5.5% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Educational Housing Services 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Educational Housing Services Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $3.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 125.2%.
Executive Compensation Analysis
Educational Housing Services Inc. consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership model or that executive compensation is categorized under other operational expenses, which would require further detail to fully understand.
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 Educational Housing Services Inc's IRS 990 filings:
- Consistent negative net assets, with liabilities significantly exceeding assets across all reported periods (e.g., $177,978,291 liabilities vs. $142,160,878 assets in 2023).
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes it difficult to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Educational Housing Services Inc:
- Consistent reporting of 0% officer compensation, indicating either volunteer leadership or transparent reporting of no direct officer pay.
- Significant asset base ($147,477,560 latest assets) suggesting substantial operational capacity in providing housing services.
- Long operating history with 13 filings, indicating established presence and continuity.
Frequently Asked Questions about Educational Housing Services Inc
Is Educational Housing Services Inc a legitimate charity?
Educational Housing Services Inc (EIN: 133411159) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $29.9M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Educational Housing Services Inc spend its money?
Educational Housing Services Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Educational Housing Services Inc tax-deductible?
Educational Housing Services Inc is registered as a tax-exempt nonprofit (EIN: 133411159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Educational Housing Services Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Educational Housing Services Inc is above average for NTEE category L99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Educational Housing Services Inc located?
Educational Housing Services Inc is headquartered in New York, New York and files with the IRS under EIN 133411159. It is classified under NTEE code L99Z.
How many years of IRS 990 filings does Educational Housing Services Inc have?
Educational Housing Services 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 $29.9M in total revenue.
How does Educational Housing Services Inc. manage its consistent negative net asset position?
The organization consistently reports liabilities exceeding assets, for example, $177,978,291 in liabilities against $142,160,878 in assets in 2023. This suggests a reliance on debt financing or specific accounting for its housing properties, which warrants further investigation into its balance sheet structure and long-term financial strategy.
What is the nature of the 'Officer Comp=0%' reporting across all years?
The consistent reporting of 0% officer compensation could indicate a volunteer board or that compensation for key executives is reported under other expense categories, such as salaries and wages for program or administrative staff, rather than specifically as officer compensation.
What is the primary source of revenue for Educational Housing Services Inc.?
Given its NTEE code (L99Z - Housing & Shelter, Other) and the nature of its services, it is highly probable that the primary source of revenue is rental income or fees from providing educational housing services, rather than public donations or grants, though specific details are not provided in the summary.
Filing History
IRS 990 filing history for Educational Housing Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Educational Housing Services Inc's revenue has declined by 40.6%, moving from $41.7M to $24.8M. Total assets increased by 58.9% over the same period, from $89.5M to $142.2M. Total functional expenses fell by 40%, from $47.5M to $28.5M. In its most recent filing year (2023), Educational Housing Services Inc reported a deficit of $3.7M, with expenses exceeding revenue. The organization holds $178.0M in liabilities against $142.2M in assets (debt-to-asset ratio: 125.2%), resulting in net assets of $-35,817,413.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.8M | $28.5M | $142.2M | $178.0M | — | — |
| 2022 | $23.2M | $26.7M | $143.7M | $175.2M | — | View 990 |
| 2021 | $20.9M | $24.9M | $147.6M | $175.5M | — | View 990 |
| 2020 | $27.2M | $26.3M | $139.2M | $163.7M | — | — |
| 2019 | $30.4M | $32.3M | $112.6M | $138.2M | — | View 990 |
| 2018 | $31.8M | $34.2M | $114.0M | $138.3M | — | View 990 |
| 2017 | $38.7M | $38.0M | $104.7M | $125.6M | — | — |
| 2016 | $40.3M | $38.5M | $100.7M | $122.3M | — | View 990 |
| 2015 | $45.7M | $41.0M | $97.7M | $121.1M | — | View 990 |
| 2014 | $42.4M | $39.5M | $98.5M | $126.7M | — | View 990 |
| 2013 | $41.6M | $39.6M | $101.3M | $132.4M | — | View 990 |
| 2012 | $39.6M | $41.5M | $96.3M | $129.5M | — | View 990 |
| 2011 | $41.7M | $47.5M | $89.5M | $120.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.8M, expenses of $28.5M, and assets of $142.2M (revenue +6.8% year-over-year).
- 2022: Revenue of $23.2M, expenses of $26.7M, and assets of $143.7M (revenue +10.9% year-over-year).
- 2021: Revenue of $20.9M, expenses of $24.9M, and assets of $147.6M (revenue -23.1% year-over-year).
- 2020: Revenue of $27.2M, expenses of $26.3M, and assets of $139.2M (revenue -10.7% year-over-year).
- 2019: Revenue of $30.4M, expenses of $32.3M, and assets of $112.6M (revenue -4.3% year-over-year).
- 2018: Revenue of $31.8M, expenses of $34.2M, and assets of $114.0M (revenue -17.9% year-over-year).
- 2017: Revenue of $38.7M, expenses of $38.0M, and assets of $104.7M (revenue -4.0% year-over-year).
- 2016: Revenue of $40.3M, expenses of $38.5M, and assets of $100.7M (revenue -11.8% year-over-year).
- 2015: Revenue of $45.7M, expenses of $41.0M, and assets of $97.7M (revenue +7.7% year-over-year).
- 2014: Revenue of $42.4M, expenses of $39.5M, and assets of $98.5M (revenue +1.9% year-over-year).
- 2013: Revenue of $41.6M, expenses of $39.6M, and assets of $101.3M (revenue +5.1% year-over-year).
- 2012: Revenue of $39.6M, expenses of $41.5M, and assets of $96.3M (revenue -5.1% year-over-year).
- 2011: Revenue of $41.7M, expenses of $47.5M, and assets of $89.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Educational Housing Services Inc:
Data Sources and Methodology
This transparency report for Educational Housing Services 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.