Fort Worth Affordability Inc
Fort Worth Affordability Inc maintains substantial assets with minimal reported expenses, raising questions about direct program spending.
EIN: 201681285 · Fort Worth, TX · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $85 |
| Program Spending | 95% |
| Net Assets | $16.4M |
| Transparency Score | 60/100 |
Is Fort Worth Affordability Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fort Worth Affordability Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fort Worth Affordability Inc
Fort Worth Affordability Inc (EIN: 201681285) is a nonprofit organization based in Fort Worth, TX, classified under NTEE code L20. The organization reported total revenue of $1.3M and total assets of $25.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fort Worth Affordability Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fort Worth Affordability Inc is a mid-size nonprofit that has been operating for 18 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 73.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $914K |
| Total Expenses | $85 |
| Surplus / Deficit | +$914K |
| Total Assets | $26.8M |
| Total Liabilities | $10.4M |
| Net Assets | $16.4M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 3784240.1 months |
Financial Health Grade: A
In 2023, Fort Worth Affordability Inc reported a surplus of $914K with revenue exceeding expenses, holds 3784240.1 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 15 years of filings (2009–2023), Fort Worth Affordability Inc's revenue has grown at a compound annual growth rate (CAGR) of 73.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.9% | -100.0% | +17.3% |
| 2022 | -79.3% | +128.0% | +8.4% |
| 2021 | +624.5% | +602.2% | +3.4% |
| 2020 | -82.1% | -2.1% | +25.9% |
| 2019 | -68.8% | +75.3% | -31.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Fort Worth Affordability Inc with a Mission Score of 60 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Fort Worth Affordability Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $914K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.7%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that no officers or key employees receive compensation directly from the organization, which is a positive sign for fiscal responsibility.
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 Fort Worth Affordability Inc's IRS 990 filings:
- Extremely low reported expenses relative to revenue and assets, raising questions about direct program activities (e.g., $85 expenses on $914,499 revenue in 2023).
- Lack of detailed expense breakdown in the provided data makes it difficult to assess spending efficiency and program impact.
- Significant fluctuations in revenue year-over-year (e.g., $5.6M in 2018, $2.3M in 2021, $0.9M in 2023) without clear explanation.
Strengths
The following positive indicators were identified for Fort Worth Affordability Inc:
- Consistent reporting of 0% officer compensation, indicating no direct executive pay from the organization.
- Significant and growing asset base, demonstrating financial stability and capacity (assets grew from $6M in 2015 to $26.8M in 2023).
- Long filing history (15 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Fort Worth Affordability Inc
Is Fort Worth Affordability Inc a legitimate charity?
Fort Worth Affordability Inc (EIN: 201681285) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 60/100. It has 15 years of IRS 990 filings on record. Total revenue: $1.3M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Fort Worth Affordability Inc spend its money?
Fort Worth Affordability Inc directs 95% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fort Worth Affordability Inc tax-deductible?
Fort Worth Affordability Inc is registered as a tax-exempt nonprofit (EIN: 201681285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fort Worth Affordability Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Fort Worth Affordability Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fort Worth Affordability Inc located?
Fort Worth Affordability Inc is headquartered in Fort Worth, Texas and files with the IRS under EIN 201681285. It is classified under NTEE code L20.
How many years of IRS 990 filings does Fort Worth Affordability Inc have?
Fort Worth Affordability Inc has 15 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 $1.3M in total revenue.
How does Fort Worth Affordability Inc achieve its mission with such low reported expenses?
The consistently low reported expenses (e.g., $85 in 2023, $10,740 in 2018) suggest that the organization may operate primarily as a funding conduit or a holding entity, potentially distributing funds to other organizations or managing assets without incurring significant direct operational costs for program delivery. The NTEE code L20 (Housing Development, Construction & Management) implies direct program activities, but the expense data does not align with typical operational costs for such activities.
What is the nature of the organization's liabilities, which are substantial?
Liabilities have fluctuated significantly, from $6,089,499 in 2015 to $16,809,114 in 2017, and $10,381,960 in 2023. Given the NTEE code, these could represent mortgages, construction loans, or other financing related to housing development and management, but without further detail, their exact nature remains unclear.
How does the organization manage its significant assets?
The organization holds substantial assets, growing from $6,082,430 in 2015 to $26,805,034 in 2023. Given its NTEE code, these assets likely include real estate holdings, properties under development, or investments related to affordable housing initiatives. The consistent growth suggests effective asset management, though the specific strategies are not detailed in the provided data.
Filing History
IRS 990 filing history for Fort Worth Affordability Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), Fort Worth Affordability Inc's revenue has grown by 218679.7%, moving from $418 to $914K. Total assets increased by 21366.2% over the same period, from $125K to $26.8M. In its most recent filing year (2023), Fort Worth Affordability Inc reported a surplus of $914K, with revenue exceeding expenses. The organization holds $10.4M in liabilities against $26.8M in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $16.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $914K | $85 | $26.8M | $10.4M | — | — |
| 2022 | $477K | $295K | $22.8M | $7.0M | — | View 990 |
| 2021 | $2.3M | $129K | $21.1M | $5.9M | — | — |
| 2020 | $318K | $18K | $20.4M | $10.1M | — | View 990 |
| 2019 | $1.8M | $19K | $16.2M | $6.2M | — | View 990 |
| 2018 | $5.7M | $11K | $23.5M | $15.3M | — | View 990 |
| 2017 | $931K | $4K | $19.3M | $16.8M | — | View 990 |
| 2016 | $1.6M | $9K | $17.9M | $16.3M | — | View 990 |
| 2015 | $489 | $0 | $6.1M | $6.1M | — | View 990 |
| 2014 | $228 | $908 | $6.3M | $6.3M | — | View 990 |
| 2013 | $7K | $0 | $6.4M | $6.4M | — | View 990 |
| 2012 | $253 | $0 | $6.4M | $6.4M | — | View 990 |
| 2011 | $1K | $251 | $6.8M | $6.8M | — | View 990 |
| 2010 | $249 | $3K | $1.1M | $1.1M | — | View 990 |
| 2009 | $418 | $0 | $125K | $138K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $914K, expenses of $85, and assets of $26.8M (revenue +91.9% year-over-year).
- 2022: Revenue of $477K, expenses of $295K, and assets of $22.8M (revenue -79.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $129K, and assets of $21.1M (revenue +624.5% year-over-year).
- 2020: Revenue of $318K, expenses of $18K, and assets of $20.4M (revenue -82.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $19K, and assets of $16.2M (revenue -68.8% year-over-year).
- 2018: Revenue of $5.7M, expenses of $11K, and assets of $23.5M (revenue +511.4% year-over-year).
- 2017: Revenue of $931K, expenses of $4K, and assets of $19.3M (revenue -41.5% year-over-year).
- 2016: Revenue of $1.6M, expenses of $9K, and assets of $17.9M (revenue +325689.8% year-over-year).
- 2015: Revenue of $489, expenses of $0, and assets of $6.1M (revenue +114.5% year-over-year).
- 2014: Revenue of $228, expenses of $908, and assets of $6.3M (revenue -96.9% year-over-year).
- 2013: Revenue of $7K, expenses of $0, and assets of $6.4M (revenue +2822.9% year-over-year).
- 2012: Revenue of $253, expenses of $0, and assets of $6.4M (revenue -79.9% year-over-year).
- 2011: Revenue of $1K, expenses of $251, and assets of $6.8M (revenue +404.4% year-over-year).
- 2010: Revenue of $249, expenses of $3K, and assets of $1.1M (revenue -40.4% year-over-year).
- 2009: Revenue of $418, expenses of $0, and assets of $125K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fort Worth Affordability Inc:
Data Sources and Methodology
This transparency report for Fort Worth Affordability 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.