Fair Share Housing Development Inc
Fair Share Housing Development Inc: Strong Asset Growth, Consistent Mission Focus
EIN: 222743093 · Mount Laurel, NJ · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $36.4M |
| Transparency Score | 85/100 |
Is Fair Share Housing Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fair Share Housing Development Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fair Share Housing Development Inc
Fair Share Housing Development Inc (EIN: 222743093) is a nonprofit organization based in Mount Laurel, NJ, classified under NTEE code L20Z. The organization reported total revenue of $3.5M and total assets of $39.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fair Share Housing Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fair Share Housing Development Inc is a mid-size nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $37.4M |
| Total Liabilities | $977K |
| Net Assets | $36.4M |
| Operating Margin | 75.5% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 291.1 months |
Financial Health Grade: A
In 2023, Fair Share Housing Development Inc reported a surplus of $4.7M with revenue exceeding expenses, holds 291.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Fair Share Housing Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | +11.2% | +14.7% |
| 2022 | +125.9% | +1.3% | +22.8% |
| 2021 | -22.5% | +20.0% | +11.4% |
| 2020 | -3.7% | -44.8% | +19.9% |
| 2019 | +51.8% | +196.4% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Fair Share Housing Development Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Fair Share Housing Development Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. 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 surplus of $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is unusual for an organization of this size and suggests that compensation may be reported under other categories or that key personnel are compensated by a related entity.
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 Fair Share Housing Development Inc's IRS 990 filings:
- Consistent reporting of $0 for executive compensation across all available filings (2016-2023) raises questions about how key leadership is compensated or if this data is reported elsewhere.
- The 'nt' field being 'L20Z' is an uncommon designation that could warrant further investigation into the specific nature of the organization's legal structure or tax status.
Strengths
The following positive indicators were identified for Fair Share Housing Development Inc:
- Demonstrates strong asset growth, nearly tripling from $15.7M in 2016 to $39.6M in 2023, indicating robust financial management and expansion.
- Maintains a low liability-to-asset ratio, suggesting financial stability and a strong balance sheet.
- Consistent operational presence in Mount Laurel, NJ, aligning with its mission to address housing needs in the region.
Frequently Asked Questions about Fair Share Housing Development Inc
Is Fair Share Housing Development Inc a legitimate charity?
Fair Share Housing Development Inc (EIN: 222743093) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Fair Share Housing Development Inc spend its money?
Fair Share Housing Development Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Fair Share Housing Development Inc tax-deductible?
Fair Share Housing Development Inc is registered as a tax-exempt nonprofit (EIN: 222743093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Fair Share Housing Development Inc CEO make?
Fair Share Housing Development Inc's highest-compensated officer earns $0 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Fair Share Housing Development Inc's spending goes to programs?
Fair Share Housing Development Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fair Share Housing Development Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Fair Share Housing Development Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fair Share Housing Development Inc located?
Fair Share Housing Development Inc is headquartered in Mount Laurel, New Jersey and files with the IRS under EIN 222743093. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Fair Share Housing Development Inc have?
Fair Share Housing Development Inc has 14 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 $3.5M in total revenue.
What does Fair Share Housing Development Inc do?
Fair Share Housing Development Inc is a nonprofit organization in the Housing & Shelter sector, located in Mount Laurel, New Jersey. It is classified under NTEE code L20Z.
How much revenue does Fair Share Housing Development Inc have?
Fair Share Housing Development Inc reported total revenue of $3,522,846. Based on 14 IRS 990 filings on record.
What are Fair Share Housing Development Inc's total assets?
Fair Share Housing Development Inc holds total assets of $39,690,500 as reported in IRS 990 filings.
Where is Fair Share Housing Development Inc located?
Fair Share Housing Development Inc is based in Mount Laurel, New Jersey.
What is Fair Share Housing Development Inc's EIN?
Fair Share Housing Development Inc's Employer Identification Number (EIN) is 222743093. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fair Share Housing Development Inc?
Fair Share Housing Development Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Fair Share Housing Development Inc a registered 501(c)(3)?
Yes, Fair Share Housing Development Inc is recognized as a tax-exempt organization by the IRS. EIN: 222743093.
Does Fair Share Housing Development Inc file IRS Form 990?
Yes, Fair Share Housing Development Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Fair Share Housing Development Inc's revenue in 2023?
In the 202312 filing period, Fair Share Housing Development Inc reported total revenue of $6,289,139, total expenses of $1,542,236, and net assets of $37,415,231.
Is Fair Share Housing Development Inc's revenue growing or declining?
Fair Share Housing Development Inc's revenue is relatively stable. Revenue went from $6,424,978 (202212) to $6,289,139 (202312), a -2.1% change. Based on 14 filings on record.
What is Fair Share Housing Development Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Fair Share Housing Development Inc covers tax period 202312. It shows revenue of $6,289,139, expenses of $1,542,236, total assets of $37,415,231, and liabilities of $977,190.
How much does Fair Share Housing Development Inc spend on programs vs administration?
Based on IRS 990 analysis, Fair Share Housing Development Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Fair Share Housing Development Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Fair Share Housing Development Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Fair Share Housing Development Inc?
The following concerns were identified: Consistent reporting of $0 for executive compensation across all available filings (2016-2023) raises questions about how key leadership is compensated or if this data is reported elsewhere.. The 'nt' field being 'L20Z' is an uncommon designation that could warrant further investigation into the specific nature of the organization's legal structure or tax status.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fair Share Housing Development Inc's strengths?
Positive indicators for Fair Share Housing Development Inc include: Demonstrates strong asset growth, nearly tripling from $15.7M in 2016 to $39.6M in 2023, indicating robust financial management and expansion.. Maintains a low liability-to-asset ratio, suggesting financial stability and a strong balance sheet.. Consistent operational presence in Mount Laurel, NJ, aligning with its mission to address housing needs in the region.. These findings are derived from AI analysis of the organization's financial filings.
How does Fair Share Housing Development Inc compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is unusual for an organization of this size and suggests that compensation may be reported under other categories or that key personnel are compensated by a related entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does Fair Share Housing Development Inc compensate its leadership and key personnel, and where is this compensation reflected in their financial statements?
The consistent $0 reported for compensation of officers, directors, trustees, and key employees across all available filings (2016-2023) suggests that compensation for leadership may be paid through a related entity, or that these roles are filled by volunteers, or that compensation is categorized under other expenses not explicitly detailed in the summary data provided. Further review of full IRS Form 990s would be necessary to identify specific compensation details.
What factors contributed to the significant fluctuations in revenue, such as the drop from $6.4M in 2022 to $3.5M in 2023, and how does the organization plan to stabilize its funding streams?
The revenue fluctuations, including the decrease from $6,424,978 in 2022 to $3,522,846 in 2023, suggest reliance on grants, specific project funding, or other variable income sources. Without detailed breakdowns, it's difficult to pinpoint exact causes, but it indicates a need for diversified and potentially more stable funding strategies to ensure consistent operational capacity.
Filing History
IRS 990 filing history for Fair Share Housing Development Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Fair Share Housing Development Inc's revenue has grown by 422.3%, moving from $1.2M to $6.3M. Total assets increased by 201.2% over the same period, from $12.4M to $37.4M. Total functional expenses rose by 131%, from $668K to $1.5M. In its most recent filing year (2023), Fair Share Housing Development Inc reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $977K in liabilities against $37.4M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $36.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $1.5M | $37.4M | $977K | — | — |
| 2022 | $6.4M | $1.4M | $32.6M | $917K | — | View 990 |
| 2021 | $2.8M | $1.4M | $26.6M | $1.2M | — | View 990 |
| 2020 | $3.7M | $1.1M | $23.8M | $1.2M | — | — |
| 2019 | $3.8M | $2.1M | $19.9M | $514K | — | View 990 |
| 2018 | $2.5M | $698K | $19.4M | $1.8M | — | View 990 |
| 2017 | $1.4M | $841K | $16.1M | $1.8M | — | View 990 |
| 2016 | $1.9M | $693K | $15.8M | $2.0M | — | View 990 |
| 2015 | $1.4M | $918K | $14.7M | $2.1M | — | View 990 |
| 2014 | $1.3M | $663K | $14.3M | $2.2M | — | View 990 |
| 2013 | $1.3M | $723K | $13.8M | $2.3M | — | View 990 |
| 2012 | $1.2M | $669K | $13.3M | $2.4M | — | View 990 |
| 2011 | $1.1M | $615K | $12.8M | $2.5M | — | View 990 |
| 2010 | $1.2M | $668K | $12.4M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $1.5M, and assets of $37.4M (revenue -2.1% year-over-year).
- 2022: Revenue of $6.4M, expenses of $1.4M, and assets of $32.6M (revenue +125.9% year-over-year).
- 2021: Revenue of $2.8M, expenses of $1.4M, and assets of $26.6M (revenue -22.5% year-over-year).
- 2020: Revenue of $3.7M, expenses of $1.1M, and assets of $23.8M (revenue -3.7% year-over-year).
- 2019: Revenue of $3.8M, expenses of $2.1M, and assets of $19.9M (revenue +51.8% year-over-year).
- 2018: Revenue of $2.5M, expenses of $698K, and assets of $19.4M (revenue +79.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $841K, and assets of $16.1M (revenue -24.8% year-over-year).
- 2016: Revenue of $1.9M, expenses of $693K, and assets of $15.8M (revenue +30.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $918K, and assets of $14.7M (revenue +8.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $663K, and assets of $14.3M (revenue +4.8% year-over-year).
- 2013: Revenue of $1.3M, expenses of $723K, and assets of $13.8M (revenue +2.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $669K, and assets of $13.3M (revenue +12.8% year-over-year).
- 2011: Revenue of $1.1M, expenses of $615K, and assets of $12.8M (revenue -9.4% year-over-year).
- 2010: Revenue of $1.2M, expenses of $668K, and assets of $12.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fair Share Housing Development Inc:
Data Sources and Methodology
This transparency report for Fair Share Housing Development 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.