Essex Non Profit Housing Corporation

Is Essex Non Profit Housing Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Essex Non Profit Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Essex Non Profit Housing Corporation

Essex Non Profit Housing Corporation (EIN: 203773809) is a nonprofit organization based in Warren, MI, classified under NTEE code I20. The organization reported total revenue of $24.8M and total assets of $17.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Essex Non Profit Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Essex Non Profit Housing Corporation is a large nonprofit that has been operating for 10 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 1.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Essex Non Profit Housing Corporation reported a surplus of $356K with revenue exceeding expenses, holds 37.8 months of operating reserves (strong position), has a debt-to-asset ratio of 105.5% (high leverage).

Financial Trends

Over 15 years of filings (2009–2023), Essex Non Profit Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.

IRS Tax-Exempt Classification

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 Essex Non Profit Housing Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 8%
• programs: 90%
• fundraising: 2%

According to IRS 990 filings, Essex Non Profit Housing Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $356K, with revenue exceeding expenses.
• Debt-to-asset ratio: 105.5%.

Executive Compensation Analysis

Essex Non Profit Housing Corporation consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly unusual for an organization with annual revenues exceeding $2 million.

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 Essex Non Profit Housing Corporation's IRS 990 filings:

• Consistent reporting of 0% officer compensation for an organization of this size is unusual and warrants further inquiry into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Essex Non Profit Housing Corporation:

• Strong program spending efficiency, with an estimated 90% of expenses directed to programs.
• Consistent financial reporting and transparency through regular IRS 990 filings.
• Stable revenue streams over the past decade, indicating reliable operations.
• Significant growth in assets, from approximately $6.7 million in 2014 to over $17 million currently, suggesting successful asset accumulation or revaluation.

Frequently Asked Questions about Essex Non Profit Housing Corporation

Filing History

IRS 990 filing history for Essex Non Profit Housing Corporation showing financial trends over 15 years of public records:

Over 15 years of IRS 990 filings (2009–2023), Essex Non Profit Housing Corporation's revenue has grown by 23.4%, moving from $2.2M to $2.7M. Total assets decreased by 11.6% over the same period, from $8.2M to $7.3M. Total functional expenses rose by 23.7%, from $1.9M to $2.3M. In its most recent filing year (2023), Essex Non Profit Housing Corporation reported a surplus of $356K, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $7.3M in assets (debt-to-asset ratio: 105.5%), resulting in net assets of $-402,059.

Year-by-Year Financial Summary

• 2023: Revenue of $2.7M, expenses of $2.3M, and assets of $7.3M (revenue -11.0% year-over-year).
• 2022: Revenue of $3.0M, expenses of $2.4M, and assets of $7.3M (revenue +14.6% year-over-year).
• 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $6.7M (revenue +3.1% year-over-year).
• 2020: Revenue of $2.5M, expenses of $2.4M, and assets of $6.7M (revenue +0.7% year-over-year).
• 2019: Revenue of $2.5M, expenses of $2.3M, and assets of $6.7M (revenue +2.2% year-over-year).
• 2018: Revenue of $2.5M, expenses of $2.2M, and assets of $6.6M (revenue +1.5% year-over-year).
• 2017: Revenue of $2.4M, expenses of $2.3M, and assets of $6.6M (revenue -0.5% year-over-year).
• 2016: Revenue of $2.4M, expenses of $2.3M, and assets of $6.7M (revenue +2.5% year-over-year).
• 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $6.6M (revenue +1.4% year-over-year).
• 2014: Revenue of $2.3M, expenses of $3.4M, and assets of $6.7M (revenue -0.3% year-over-year).
• 2013: Revenue of $2.4M, expenses of $3.0M, and assets of $8.0M (revenue +0.4% year-over-year).
• 2012: Revenue of $2.3M, expenses of $2.0M, and assets of $8.7M (revenue +0.4% year-over-year).
• 2011: Revenue of $2.3M, expenses of $2.0M, and assets of $8.5M (revenue +2.0% year-over-year).
• 2010: Revenue of $2.3M, expenses of $1.9M, and assets of $8.3M (revenue +6.1% year-over-year).
• 2009: Revenue of $2.2M, expenses of $1.9M, and assets of $8.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Essex Non Profit Housing Corporation:

Data Sources and Methodology

This transparency report for Essex Non Profit Housing Corporation 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.