Financial Institutions Housing Opportunity Pool
EIN: 50595903 · Jackson, MS · NTEE: L80
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $44K |
| Net Assets | $955K |
Is Financial Institutions Housing Opportunity Pool Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Financial Institutions Housing Opportunity Pool
Financial Institutions Housing Opportunity Pool (EIN: 50595903) is a nonprofit organization based in Jackson, MS, classified under NTEE code L80. The organization reported total revenue of $84K and total assets of $973K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Financial Institutions Housing Opportunity Pool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Financial Institutions Housing Opportunity Pool is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $44K |
| Surplus / Deficit | +$69K |
| Total Assets | $976K |
| Total Liabilities | $21K |
| Net Assets | $955K |
| Operating Margin | 61.2% |
| Debt-to-Asset Ratio | 2.2% |
| Months of Reserves | 267.5 months |
Financial Health Grade: A
In 2023, Financial Institutions Housing Opportunity Pool reported a surplus of $69K with revenue exceeding expenses, holds 267.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Financial Institutions Housing Opportunity Pool's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.4% | -18.6% | +6.4% |
| 2022 | +49.0% | +668.2% | +7.2% |
| 2021 | -27.7% | -43.3% | +5.4% |
| 2020 | +0.6% | -47.2% | +2.2% |
| 2019 | +25.0% | +25.7% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Financial Institutions Housing Opportunity Pool has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Financial Institutions Housing Opportunity Pool with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.2%.
Frequently Asked Questions about Financial Institutions Housing Opportunity Pool
Is Financial Institutions Housing Opportunity Pool a legitimate charity?
Financial Institutions Housing Opportunity Pool (EIN: 50595903) is a registered tax-exempt nonprofit based in Mississippi. It has 13 years of IRS 990 filings on record. Total revenue: $84K. No red flags identified. Financial health grade: A.
How does Financial Institutions Housing Opportunity Pool spend its money?
Financial Institutions Housing Opportunity Pool reported $84K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Financial Institutions Housing Opportunity Pool tax-deductible?
Financial Institutions Housing Opportunity Pool is registered as a tax-exempt nonprofit (EIN: 50595903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Financial Institutions Housing Opportunity Pool located?
Financial Institutions Housing Opportunity Pool is headquartered in Jackson, Mississippi and files with the IRS under EIN 50595903. It is classified under NTEE code L80.
How many years of IRS 990 filings does Financial Institutions Housing Opportunity Pool have?
Financial Institutions Housing Opportunity Pool has 13 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 $84K in total revenue.
Filing History
IRS 990 filing history for Financial Institutions Housing Opportunity Pool showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Financial Institutions Housing Opportunity Pool's revenue has grown by 49.6%, moving from $75K to $113K. Total assets increased by 143.7% over the same period, from $401K to $976K. Total functional expenses rose by 226.4%, from $13K to $44K. In its most recent filing year (2023), Financial Institutions Housing Opportunity Pool reported a surplus of $69K, with revenue exceeding expenses. The organization holds $21K in liabilities against $976K in assets (debt-to-asset ratio: 2.2%), resulting in net assets of $955K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $44K | $976K | $21K | — | — |
| 2022 | $90K | $54K | $917K | $31K | — | View 990 |
| 2021 | $60K | $7K | $856K | $6K | — | View 990 |
| 2020 | $84K | $12K | $812K | $16K | — | View 990 |
| 2019 | $83K | $23K | $794K | $69K | — | View 990 |
| 2018 | $66K | $19K | $700K | $34K | — | View 990 |
| 2017 | $33K | $15K | $621K | $4K | — | View 990 |
| 2016 | $31K | $24K | $616K | $17K | — | View 990 |
| 2015 | $94K | $24K | $611K | $19K | — | View 990 |
| 2014 | $93K | $18K | $613K | $92K | — | View 990 |
| 2013 | $56K | $15K | $488K | $41K | — | View 990 |
| 2012 | $39K | $16K | $421K | $15K | — | View 990 |
| 2011 | $75K | $13K | $401K | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $44K, and assets of $976K (revenue +25.4% year-over-year).
- 2022: Revenue of $90K, expenses of $54K, and assets of $917K (revenue +49.0% year-over-year).
- 2021: Revenue of $60K, expenses of $7K, and assets of $856K (revenue -27.7% year-over-year).
- 2020: Revenue of $84K, expenses of $12K, and assets of $812K (revenue +0.6% year-over-year).
- 2019: Revenue of $83K, expenses of $23K, and assets of $794K (revenue +25.0% year-over-year).
- 2018: Revenue of $66K, expenses of $19K, and assets of $700K (revenue +101.4% year-over-year).
- 2017: Revenue of $33K, expenses of $15K, and assets of $621K (revenue +4.8% year-over-year).
- 2016: Revenue of $31K, expenses of $24K, and assets of $616K (revenue -66.6% year-over-year).
- 2015: Revenue of $94K, expenses of $24K, and assets of $611K (revenue +1.7% year-over-year).
- 2014: Revenue of $93K, expenses of $18K, and assets of $613K (revenue +65.5% year-over-year).
- 2013: Revenue of $56K, expenses of $15K, and assets of $488K (revenue +43.6% year-over-year).
- 2012: Revenue of $39K, expenses of $16K, and assets of $421K (revenue -48.3% year-over-year).
- 2011: Revenue of $75K, expenses of $13K, and assets of $401K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Financial Institutions Housing Opportunity Pool:
Data Sources and Methodology
This transparency report for Financial Institutions Housing Opportunity Pool 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.