Fairbanks Community Homes
Fairbanks Community Homes consistently operates at a deficit, with expenses exceeding revenues in all reported periods.
EIN: 200021543 · Fairbanks, AK · NTEE: F33 · Updated: 2026-03-28
Is Fairbanks Community Homes Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairbanks Community Homes directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairbanks Community Homes
Fairbanks Community Homes (EIN: 200021543) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code F33. The organization reported total revenue of $91K and total assets of $956K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairbanks Community Homes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairbanks Community Homes is a micro nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $85K |
| Total Expenses | $115K |
| Surplus / Deficit | $-30,687 |
| Total Assets | $1.1M |
| Total Liabilities | $1.1M |
| Net Assets | $14K |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 98.7% |
| Months of Reserves | 114.2 months |
Financial Health Grade: C
In 2023, Fairbanks Community Homes reported a deficit of $31K with expenses exceeding revenue, holds 114.2 months of operating reserves (strong position), has a debt-to-asset ratio of 98.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Fairbanks Community Homes's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.7% | +7.0% | -1.9% |
| 2022 | +0.4% | -3.2% | -2.5% |
| 2021 | -6.3% | +2.9% | -2.2% |
| 2020 | -8.6% | -3.1% | -0.8% |
| 2019 | -9.0% | -1.6% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Fairbanks Community Homes 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fairbanks Community Homes 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 $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based or compensated through non-officer roles, which is a positive sign for a small organization's efficiency.
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 Fairbanks Community Homes's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenues in every reported period, indicating a structural imbalance (e.g., $30,687 deficit in 2023).
- Declining asset base: Total assets have gradually decreased over the past decade, from $1,252,543 in 2014 to $1,098,402 in 2023.
- High liabilities relative to assets: Liabilities consistently represent a very high proportion of total assets, suggesting significant debt financing (e.g., $1,084,365 liabilities vs. $1,098,402 assets in 2023).
Strengths
The following positive indicators were identified for Fairbanks Community Homes:
- Zero officer compensation: No compensation reported for officers across all filings, indicating efficient use of funds and potentially volunteer leadership.
- Consistent filing history: 13 filings demonstrate a commitment to transparency and compliance with IRS regulations.
- Substantial asset base: Despite declines, the organization maintains over $1 million in assets, which could represent significant community housing resources.
Frequently Asked Questions about Fairbanks Community Homes
Is Fairbanks Community Homes a legitimate charity?
Based on AI analysis of IRS 990 filings, Fairbanks Community Homes (EIN: 200021543) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Fairbanks Community Homes spend its money?
Fairbanks Community Homes directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fairbanks Community Homes tax-deductible?
Fairbanks Community Homes is registered as a tax-exempt nonprofit (EIN: 200021543). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fairbanks Community Homes financially sustainable?
The organization has consistently reported expenses exceeding revenues over the past decade (e.g., $115,398 expenses vs. $84,711 revenue in 2023), leading to a gradual decline in assets. This trend raises concerns about long-term financial sustainability without a change in operational strategy.
What is the organization's approach to executive compensation?
Fairbanks Community Homes reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or that compensation is not allocated to named officers, which is a strong indicator of efficient use of funds for a small nonprofit.
How does the organization manage its significant liabilities?
With liabilities consistently over $1 million (e.g., $1,084,365 in 2023) against assets around $1.1 million, a substantial portion of the organization's assets are debt-financed. The management of these liabilities relative to its operating income is critical for its financial stability, especially given the consistent operating deficits.
Filing History
IRS 990 filing history for Fairbanks Community Homes showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Fairbanks Community Homes's revenue has grown by 20.5%, moving from $70K to $85K. Total assets decreased by 20.9% over the same period, from $1.4M to $1.1M. Total functional expenses rose by 15.8%, from $100K to $115K. In its most recent filing year (2023), Fairbanks Community Homes reported a deficit of $31K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.1M in assets (debt-to-asset ratio: 98.7%), resulting in net assets of $14K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $85K | $115K | $1.1M | $1.1M | — | — |
| 2022 | $84K | $108K | $1.1M | $1.1M | — | — |
| 2021 | $84K | $111K | $1.1M | $1.1M | — | View 990 |
| 2020 | $89K | $108K | $1.2M | $1.1M | — | View 990 |
| 2019 | $98K | $112K | $1.2M | $1.1M | — | View 990 |
| 2018 | $107K | $114K | $1.2M | $1.1M | — | View 990 |
| 2017 | $109K | $126K | $1.2M | $1.1M | — | View 990 |
| 2016 | $105K | $113K | $1.2M | $1.1M | — | View 990 |
| 2015 | $107K | $121K | $1.2M | $1.1M | — | View 990 |
| 2014 | $91K | $109K | $1.3M | $1.1M | — | View 990 |
| 2013 | $70K | $107K | $1.3M | $1.1M | — | View 990 |
| 2012 | $76K | $110K | $1.4M | $46K | — | View 990 |
| 2011 | $70K | $100K | $1.4M | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $85K, expenses of $115K, and assets of $1.1M (revenue +0.7% year-over-year).
- 2022: Revenue of $84K, expenses of $108K, and assets of $1.1M (revenue +0.4% year-over-year).
- 2021: Revenue of $84K, expenses of $111K, and assets of $1.1M (revenue -6.3% year-over-year).
- 2020: Revenue of $89K, expenses of $108K, and assets of $1.2M (revenue -8.6% year-over-year).
- 2019: Revenue of $98K, expenses of $112K, and assets of $1.2M (revenue -9.0% year-over-year).
- 2018: Revenue of $107K, expenses of $114K, and assets of $1.2M (revenue -1.0% year-over-year).
- 2017: Revenue of $109K, expenses of $126K, and assets of $1.2M (revenue +3.5% year-over-year).
- 2016: Revenue of $105K, expenses of $113K, and assets of $1.2M (revenue -2.4% year-over-year).
- 2015: Revenue of $107K, expenses of $121K, and assets of $1.2M (revenue +18.3% year-over-year).
- 2014: Revenue of $91K, expenses of $109K, and assets of $1.3M (revenue +29.8% year-over-year).
- 2013: Revenue of $70K, expenses of $107K, and assets of $1.3M (revenue -7.5% year-over-year).
- 2012: Revenue of $76K, expenses of $110K, and assets of $1.4M (revenue +7.7% year-over-year).
- 2011: Revenue of $70K, expenses of $100K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairbanks Community Homes:
Data Sources and Methodology
This transparency report for Fairbanks Community Homes 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.