Grinnell Area Housing Inc
EIN: 237356791 · Mechanicsvlle, IA
| Metric | Value |
|---|---|
| Total Revenue | $262K |
| Total Expenses | $304K |
| Net Assets | $313K |
Is Grinnell Area Housing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Grinnell Area Housing Inc
Grinnell Area Housing Inc (EIN: 237356791) is a nonprofit organization based in Mechanicsvlle, IA. The organization reported total revenue of $262K and total assets of $417K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Grinnell Area Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Grinnell Area Housing Inc is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $512K |
| Total Expenses | $304K |
| Surplus / Deficit | +$208K |
| Total Assets | $483K |
| Total Liabilities | $170K |
| Net Assets | $313K |
| Operating Margin | 40.6% |
| Debt-to-Asset Ratio | 35.2% |
| Months of Reserves | 19.0 months |
Financial Health Grade: A
In 2023, Grinnell Area Housing Inc reported a surplus of $208K with revenue exceeding expenses, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 35.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Grinnell Area Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +54.2% | +7.5% | +50.7% |
| 2022 | +1.9% | -5.7% | -3.3% |
| 2021 | +14.1% | +1.9% | +2.5% |
| 2020 | -4.9% | -14.6% | -18.7% |
| 2019 | -2.4% | +25.9% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Grinnell Area Housing Inc 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 Grinnell Area Housing Inc 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 $208K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.2%.
Frequently Asked Questions about Grinnell Area Housing Inc
Is Grinnell Area Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Grinnell Area Housing Inc (EIN: 237356791) insufficient data. 0 red flags identified, 0 strengths noted.
How does Grinnell Area Housing Inc spend its money?
Detailed spending breakdown data is not yet available for Grinnell Area Housing Inc. Check back for updated IRS 990 analysis.
Are donations to Grinnell Area Housing Inc tax-deductible?
Grinnell Area Housing Inc is registered as a tax-exempt nonprofit (EIN: 237356791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Grinnell Area Housing Inc located?
Grinnell Area Housing Inc is headquartered in Mechanicsvlle, Iowa and files with the IRS under EIN 237356791.
How many years of IRS 990 filings does Grinnell Area Housing Inc have?
Grinnell Area Housing Inc 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 $262K in total revenue.
Filing History
IRS 990 filing history for Grinnell Area Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Grinnell Area Housing Inc's revenue has grown by 95.9%, moving from $262K to $512K. Total assets decreased by 22.5% over the same period, from $623K to $483K. Total functional expenses rose by 9.7%, from $277K to $304K. In its most recent filing year (2023), Grinnell Area Housing Inc reported a surplus of $208K, with revenue exceeding expenses. The organization holds $170K in liabilities against $483K in assets (debt-to-asset ratio: 35.2%), resulting in net assets of $313K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $512K | $304K | $483K | $170K | — | — |
| 2022 | $332K | $283K | $320K | $216K | — | View 990 |
| 2021 | $326K | $300K | $331K | $276K | — | — |
| 2020 | $286K | $294K | $323K | $294K | — | — |
| 2019 | $301K | $345K | $397K | $360K | — | — |
| 2018 | $308K | $274K | $427K | $345K | — | View 990 |
| 2017 | $319K | $270K | $411K | $363K | — | View 990 |
| 2016 | $309K | $303K | $395K | $397K | — | View 990 |
| 2015 | $319K | $295K | $481K | $434K | — | View 990 |
| 2014 | $320K | $289K | $546K | $469K | — | View 990 |
| 2013 | $303K | $320K | $556K | $510K | — | View 990 |
| 2012 | $304K | $290K | $607K | $544K | — | View 990 |
| 2011 | $262K | $277K | $623K | $573K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $512K, expenses of $304K, and assets of $483K (revenue +54.2% year-over-year).
- 2022: Revenue of $332K, expenses of $283K, and assets of $320K (revenue +1.9% year-over-year).
- 2021: Revenue of $326K, expenses of $300K, and assets of $331K (revenue +14.1% year-over-year).
- 2020: Revenue of $286K, expenses of $294K, and assets of $323K (revenue -4.9% year-over-year).
- 2019: Revenue of $301K, expenses of $345K, and assets of $397K (revenue -2.4% year-over-year).
- 2018: Revenue of $308K, expenses of $274K, and assets of $427K (revenue -3.4% year-over-year).
- 2017: Revenue of $319K, expenses of $270K, and assets of $411K (revenue +3.1% year-over-year).
- 2016: Revenue of $309K, expenses of $303K, and assets of $395K (revenue -3.0% year-over-year).
- 2015: Revenue of $319K, expenses of $295K, and assets of $481K (revenue -0.2% year-over-year).
- 2014: Revenue of $320K, expenses of $289K, and assets of $546K (revenue +5.5% year-over-year).
- 2013: Revenue of $303K, expenses of $320K, and assets of $556K (revenue -0.2% year-over-year).
- 2012: Revenue of $304K, expenses of $290K, and assets of $607K (revenue +16.1% year-over-year).
- 2011: Revenue of $262K, expenses of $277K, and assets of $623K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Grinnell Area Housing Inc:
Data Sources and Methodology
This transparency report for Grinnell Area Housing 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.