Elderly Citizens Housing Opportunities Inc
Elderly Citizens Housing Opportunities Inc. consistently operates at a deficit with declining assets and high liabilities.
EIN: 202038547 · Pikeville, KY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $184K |
| Program Spending | 80% |
| Net Assets | $-497,005 |
| Transparency Score | 55/100 |
Is Elderly Citizens Housing Opportunities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elderly Citizens Housing Opportunities Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elderly Citizens Housing Opportunities Inc
Elderly Citizens Housing Opportunities Inc (EIN: 202038547) is a nonprofit organization based in Pikeville, KY, classified under NTEE code L20. The organization reported total revenue of $139K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elderly Citizens Housing Opportunities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elderly Citizens Housing Opportunities Inc is a small nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $147K |
| Total Expenses | $184K |
| Surplus / Deficit | $-37,684 |
| Total Assets | $1.5M |
| Total Liabilities | $2.0M |
| Net Assets | $-497,005 |
| Operating Margin | -25.7% |
| Debt-to-Asset Ratio | 133.4% |
| Months of Reserves | 96.8 months |
Financial Health Grade: C
In 2023, Elderly Citizens Housing Opportunities Inc reported a deficit of $38K with expenses exceeding revenue, holds 96.8 months of operating reserves (strong position), has a debt-to-asset ratio of 133.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Elderly Citizens Housing Opportunities Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +1.5% | -1.6% |
| 2022 | -2.9% | -3.0% | -3.7% |
| 2021 | +10.1% | +7.9% | -2.6% |
| 2020 | +0.3% | -6.1% | -3.1% |
| 2019 | +6.7% | -11.1% | -6.6% |
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 Elderly Citizens Housing Opportunities Inc with a Mission Score of 55 out of 100 (Fair). 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, Elderly Citizens Housing Opportunities 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $38K, with expenses exceeding revenue.
- Debt-to-asset ratio: 133.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization of this size and mission.
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 Elderly Citizens Housing Opportunities Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $37,684 deficit in 2023)
- Declining asset base over a decade (from $1.97M in 2014 to $1.48M in 2023)
- Liabilities consistently exceed assets (e.g., $1.98M liabilities vs. $1.48M assets in 2023)
- Reliance on drawing down assets to cover expenses
Strengths
The following positive indicators were identified for Elderly Citizens Housing Opportunities Inc:
- 0% officer compensation reported across all filings, indicating strong fiscal responsibility in executive pay.
- Clear mission focus on housing for the elderly (NTEE Code L20).
Frequently Asked Questions about Elderly Citizens Housing Opportunities Inc
Is Elderly Citizens Housing Opportunities Inc a legitimate charity?
Elderly Citizens Housing Opportunities Inc (EIN: 202038547) is a registered tax-exempt nonprofit based in Kentucky. Our AI analysis gives it a Mission Score of 55/100. It has 12 years of IRS 990 filings on record. Total revenue: $139K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Elderly Citizens Housing Opportunities Inc spend its money?
Elderly Citizens Housing Opportunities Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elderly Citizens Housing Opportunities Inc tax-deductible?
Elderly Citizens Housing Opportunities Inc is registered as a tax-exempt nonprofit (EIN: 202038547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elderly Citizens Housing Opportunities Inc's spending goes to programs?
Elderly Citizens Housing Opportunities Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elderly Citizens Housing Opportunities Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Elderly Citizens Housing Opportunities Inc is near average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elderly Citizens Housing Opportunities Inc located?
Elderly Citizens Housing Opportunities Inc is headquartered in Pikeville, Kentucky and files with the IRS under EIN 202038547. It is classified under NTEE code L20.
How many years of IRS 990 filings does Elderly Citizens Housing Opportunities Inc have?
Elderly Citizens Housing Opportunities Inc has 12 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 $139K in total revenue.
How does Elderly Citizens Housing Opportunities Inc. cover its consistent operating deficits?
The organization appears to cover its deficits by drawing down its assets, which have decreased from $1,972,426 in 2014 to $1,486,189 in 2023, and by maintaining high liabilities, which often exceed its assets.
What is the long-term sustainability outlook for ECHO given its financial trends?
The long-term sustainability outlook is concerning due to persistent operating deficits, declining assets, and liabilities consistently exceeding assets. This trend suggests a need for significant financial restructuring or increased revenue generation.
Are there any plans to address the negative net asset position?
The provided IRS 990 data does not detail specific plans to address the negative net asset position (where liabilities are greater than assets), but this is a critical area for the organization to address for its financial health.
Filing History
IRS 990 filing history for Elderly Citizens Housing Opportunities Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Elderly Citizens Housing Opportunities Inc's revenue has grown by 50.6%, moving from $97K to $147K. Total assets decreased by 24.5% over the same period, from $2.0M to $1.5M. Total functional expenses rose by 23.1%, from $150K to $184K. In its most recent filing year (2023), Elderly Citizens Housing Opportunities Inc reported a deficit of $38K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $1.5M in assets (debt-to-asset ratio: 133.4%), resulting in net assets of $-497,005.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $147K | $184K | $1.5M | $2.0M | — | View 990 |
| 2022 | $135K | $182K | $1.5M | $2.0M | — | View 990 |
| 2021 | $139K | $187K | $1.6M | $2.0M | — | View 990 |
| 2020 | $126K | $173K | $1.6M | $2.0M | — | View 990 |
| 2019 | $126K | $185K | $1.7M | $2.0M | — | View 990 |
| 2018 | $118K | $208K | $1.8M | $2.0M | — | — |
| 2017 | $124K | $191K | $1.8M | $2.0M | — | View 990 |
| 2016 | $124K | $183K | $1.9M | $2.0M | — | View 990 |
| 2015 | $123K | $171K | $1.9M | $2.0M | — | View 990 |
| 2014 | $141K | $146K | $2.0M | $2.0M | — | View 990 |
| 2013 | $127K | $125K | $2.0M | $2.0M | — | View 990 |
| 2012 | $97K | $150K | $2.0M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $147K, expenses of $184K, and assets of $1.5M (revenue +8.7% year-over-year).
- 2022: Revenue of $135K, expenses of $182K, and assets of $1.5M (revenue -2.9% year-over-year).
- 2021: Revenue of $139K, expenses of $187K, and assets of $1.6M (revenue +10.1% year-over-year).
- 2020: Revenue of $126K, expenses of $173K, and assets of $1.6M (revenue +0.3% year-over-year).
- 2019: Revenue of $126K, expenses of $185K, and assets of $1.7M (revenue +6.7% year-over-year).
- 2018: Revenue of $118K, expenses of $208K, and assets of $1.8M (revenue -4.8% year-over-year).
- 2017: Revenue of $124K, expenses of $191K, and assets of $1.8M (revenue -0.3% year-over-year).
- 2016: Revenue of $124K, expenses of $183K, and assets of $1.9M (revenue +1.3% year-over-year).
- 2015: Revenue of $123K, expenses of $171K, and assets of $1.9M (revenue -12.9% year-over-year).
- 2014: Revenue of $141K, expenses of $146K, and assets of $2.0M (revenue +11.0% year-over-year).
- 2013: Revenue of $127K, expenses of $125K, and assets of $2.0M (revenue +30.2% year-over-year).
- 2012: Revenue of $97K, expenses of $150K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elderly Citizens Housing Opportunities Inc:
Data Sources and Methodology
This transparency report for Elderly Citizens Housing Opportunities 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.