Fall River Community Housing Resource Board Inc
Fall River Community Housing Resource Board: Stable Finances, High Liabilities
EIN: 222547079 · Fall River, MA · NTEE: L21 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $1.0M |
| Program Spending | 70% |
| Net Assets | $-2,262,636 |
| Transparency Score | 75/100 |
Is Fall River Community Housing Resource Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fall River Community Housing Resource Board Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fall River Community Housing Resource Board Inc
Fall River Community Housing Resource Board Inc (EIN: 222547079) is a nonprofit organization based in Fall River, MA, classified under NTEE code L21. The organization reported total revenue of $2.0M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fall River Community Housing Resource Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fall River Community Housing Resource Board Inc is a mid-size nonprofit that has been operating for 2 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $811K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-193,127 |
| Total Assets | $5.9M |
| Total Liabilities | $8.2M |
| Net Assets | $-2,262,636 |
| Operating Margin | -23.8% |
| Debt-to-Asset Ratio | 138.3% |
| Months of Reserves | 70.7 months |
Financial Health Grade: C
In 2021, Fall River Community Housing Resource Board Inc reported a deficit of $193K with expenses exceeding revenue, holds 70.7 months of operating reserves (strong position), has a debt-to-asset ratio of 138.3% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Fall River Community Housing Resource Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +7.4% | +51.5% | +13.3% |
| 2020 | +38.7% | -17.5% | +11.8% |
| 2019 | +14.1% | +3.5% | -4.1% |
| 2018 | -37.3% | -14.4% | -5.3% |
| 2017 | +41.0% | +18.1% | +5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Fall River Community Housing Resource Board Inc with a Mission Score of 75 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: 70%
- fundraising: 15%
According to IRS 990 filings, Fall River Community Housing Resource Board Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $193K, with expenses exceeding revenue.
- Debt-to-asset ratio: 138.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary.
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 Fall River Community Housing Resource Board Inc's IRS 990 filings:
- High liabilities relative to assets: In 2021, liabilities were $8,174,357 against assets of $5,911,721, indicating a potentially leveraged financial position.
- Consistent negative net assets: The organization consistently reports higher liabilities than assets across all provided years, suggesting a structural financial challenge or specific accounting for housing assets/debt.
Strengths
The following positive indicators were identified for Fall River Community Housing Resource Board Inc:
- Consistent revenue generation: The organization has maintained revenue streams over many years, with 2021 revenue at $810,621.
- Significant asset base: Despite high liabilities, the organization manages a substantial asset base, reaching $5,911,721 in 2021.
- Long-standing operation: Established in Fall River, MA, the organization has a long history of serving its community, indicated by data dating back to 2014.
Frequently Asked Questions about Fall River Community Housing Resource Board Inc
Is Fall River Community Housing Resource Board Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fall River Community Housing Resource Board Inc (EIN: 222547079) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Fall River Community Housing Resource Board Inc spend its money?
Fall River Community Housing Resource Board Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fall River Community Housing Resource Board Inc tax-deductible?
Fall River Community Housing Resource Board Inc is registered as a tax-exempt nonprofit (EIN: 222547079). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fall River Community Housing Resource Board Inc's spending goes to programs?
Fall River Community Housing Resource Board Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Fall River Community Housing Resource Board Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fall River Community Housing Resource Board Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fall River Community Housing Resource Board Inc located?
Fall River Community Housing Resource Board Inc is headquartered in Fall River, Massachusetts and files with the IRS under EIN 222547079. It is classified under NTEE code L21.
How many years of IRS 990 filings does Fall River Community Housing Resource Board Inc have?
Fall River Community Housing Resource Board Inc has 11 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 $2.0M in total revenue.
What does Fall River Community Housing Resource Board Inc do?
Fall River Community Housing Resource Board Inc is a nonprofit organization in the Housing & Shelter sector, located in Fall River, Massachusetts. It is classified under NTEE code L21.
How much revenue does Fall River Community Housing Resource Board Inc have?
Fall River Community Housing Resource Board Inc reported total revenue of $1,984,887. Based on 11 IRS 990 filings on record.
What are Fall River Community Housing Resource Board Inc's total assets?
Fall River Community Housing Resource Board Inc holds total assets of $10,211,465 as reported in IRS 990 filings.
Where is Fall River Community Housing Resource Board Inc located?
Fall River Community Housing Resource Board Inc is based in Fall River, Massachusetts.
What is Fall River Community Housing Resource Board Inc's EIN?
Fall River Community Housing Resource Board Inc's Employer Identification Number (EIN) is 222547079. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fall River Community Housing Resource Board Inc?
Fall River Community Housing Resource Board Inc is classified under NTEE code L21 (Housing & Shelter).
Is Fall River Community Housing Resource Board Inc a registered 501(c)(3)?
Yes, Fall River Community Housing Resource Board Inc is recognized as a tax-exempt organization by the IRS. EIN: 222547079.
Does Fall River Community Housing Resource Board Inc file IRS Form 990?
Yes, Fall River Community Housing Resource Board Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202106.
What was Fall River Community Housing Resource Board Inc's revenue in 2021?
In the 202106 filing period, Fall River Community Housing Resource Board Inc reported total revenue of $810,621, total expenses of $1,003,748, and net assets of $5,911,721.
Is Fall River Community Housing Resource Board Inc's revenue growing or declining?
Fall River Community Housing Resource Board Inc's revenue is growing. Revenue went from $754,645 (202006) to $810,621 (202106), a +7.4% change. Based on 11 filings on record.
What is Fall River Community Housing Resource Board Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Fall River Community Housing Resource Board Inc covers tax period 202106. It shows revenue of $810,621, expenses of $1,003,748, total assets of $5,911,721, and liabilities of $8,174,357.
How much does Fall River Community Housing Resource Board Inc spend on programs vs administration?
Based on IRS 990 analysis, Fall River Community Housing Resource Board Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Fall River Community Housing Resource Board Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Fall River Community Housing Resource Board Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Fall River Community Housing Resource Board Inc?
The following concerns were identified: High liabilities relative to assets: In 2021, liabilities were $8,174,357 against assets of $5,911,721, indicating a potentially leveraged financial position.. Consistent negative net assets: The organization consistently reports higher liabilities than assets across all provided years, suggesting a structural financial challenge or specific accounting for housing assets/debt.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fall River Community Housing Resource Board Inc's strengths?
Positive indicators for Fall River Community Housing Resource Board Inc include: Consistent revenue generation: The organization has maintained revenue streams over many years, with 2021 revenue at $810,621.. Significant asset base: Despite high liabilities, the organization manages a substantial asset base, reaching $5,911,721 in 2021.. Long-standing operation: Established in Fall River, MA, the organization has a long history of serving its community, indicated by data dating back to 2014.. These findings are derived from AI analysis of the organization's financial filings.
How does Fall River Community Housing Resource Board Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Fall River Community Housing Resource Board Inc?
• The organization's financial filings are publicly available, showing consistent reporting over several years. • Detailed breakdowns of program expenses versus administrative and fundraising costs are not explicitly provided in the summary data, requiring deeper analysis of full tax forms. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the nature of the significant liabilities consistently reported by Fall River Community Housing Resource Board Inc, and how do they relate to its mission?
The consistent reporting of liabilities exceeding assets (e.g., $8,174,357 in liabilities vs. $5,911,721 in assets in 2021) suggests these may be related to long-term debt for housing properties or other program-related obligations. Understanding the specific breakdown of these liabilities is crucial to assess their impact on the organization's financial health and its ability to deliver on its housing mission.
Filing History
IRS 990 filing history for Fall River Community Housing Resource Board Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Fall River Community Housing Resource Board Inc's revenue has grown by 239.7%, moving from $239K to $811K. Total assets increased by 60.7% over the same period, from $3.7M to $5.9M. Total functional expenses rose by 96.2%, from $512K to $1.0M. In its most recent filing year (2021), Fall River Community Housing Resource Board Inc reported a deficit of $193K, with expenses exceeding revenue. The organization holds $8.2M in liabilities against $5.9M in assets (debt-to-asset ratio: 138.3%), resulting in net assets of $-2,262,636.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $811K | $1.0M | $5.9M | $8.2M | — | — |
| 2020 | $755K | $662K | $5.2M | $7.3M | — | — |
| 2019 | $544K | $803K | $4.7M | $6.3M | — | View 990 |
| 2018 | $477K | $776K | $4.9M | $6.3M | — | View 990 |
| 2017 | $761K | $906K | $5.1M | $6.1M | — | View 990 |
| 2016 | $540K | $767K | $4.9M | $5.7M | — | View 990 |
| 2015 | $831K | $658K | $4.1M | $4.7M | — | View 990 |
| 2014 | $475K | $607K | $4.0M | $4.8M | — | View 990 |
| 2013 | $521K | $467K | $3.9M | $4.6M | — | View 990 |
| 2012 | $575K | $477K | $3.6M | $4.3M | — | View 990 |
| 2011 | $239K | $512K | $3.7M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $811K, expenses of $1.0M, and assets of $5.9M (revenue +7.4% year-over-year).
- 2020: Revenue of $755K, expenses of $662K, and assets of $5.2M (revenue +38.7% year-over-year).
- 2019: Revenue of $544K, expenses of $803K, and assets of $4.7M (revenue +14.1% year-over-year).
- 2018: Revenue of $477K, expenses of $776K, and assets of $4.9M (revenue -37.3% year-over-year).
- 2017: Revenue of $761K, expenses of $906K, and assets of $5.1M (revenue +41.0% year-over-year).
- 2016: Revenue of $540K, expenses of $767K, and assets of $4.9M (revenue -35.1% year-over-year).
- 2015: Revenue of $831K, expenses of $658K, and assets of $4.1M (revenue +75.0% year-over-year).
- 2014: Revenue of $475K, expenses of $607K, and assets of $4.0M (revenue -8.9% year-over-year).
- 2013: Revenue of $521K, expenses of $467K, and assets of $3.9M (revenue -9.4% year-over-year).
- 2012: Revenue of $575K, expenses of $477K, and assets of $3.6M (revenue +141.0% year-over-year).
- 2011: Revenue of $239K, expenses of $512K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fall River Community Housing Resource Board Inc:
Data Sources and Methodology
This transparency report for Fall River Community Housing Resource Board 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.