Habitat P L U S Inc
Habitat P L U S Inc: Consistent Deficits and Declining Assets Raise Concerns
EIN: 223029733 · Lynn, MA · NTEE: Z99 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $877K |
| Total Expenses | $599K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $30K |
| Transparency Score | 65/100 |
Is Habitat P L U S Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Habitat P L U S Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Habitat P L U S Inc
Habitat P L U S Inc (EIN: 223029733) is a nonprofit organization based in Lynn, MA, classified under NTEE code Z99. The organization reported total revenue of $877K and total assets of $165K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Habitat P L U S Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Habitat P L U S Inc is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $570K |
| Total Expenses | $599K |
| Surplus / Deficit | $-29,575 |
| Total Assets | $66K |
| Total Liabilities | $36K |
| Net Assets | $30K |
| Operating Margin | -5.2% |
| Debt-to-Asset Ratio | 55.0% |
| Months of Reserves | 1.3 months |
Financial Health Grade: D
In 2023, Habitat P L U S Inc reported a deficit of $30K with expenses exceeding revenue, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 55.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Habitat P L U S Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +2.2% | +70.5% |
| 2022 | -14.4% | +9.7% | -62.6% |
| 2021 | +14.1% | -6.1% | +89.0% |
| 2020 | +7.6% | +9.0% | +69.8% |
| 2019 | -13.4% | -20.8% | -38.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Habitat P L U S Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Habitat P L U S Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could suggest reliance on volunteer leadership or that compensation is being reported under other expense categories.
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 Habitat P L U S Inc's IRS 990 filings:
- Consistent operating deficits over multiple years (e.g., 2023: revenue $569,824, expenses $599,399).
- Significant decline in net assets from $113,417 in 2017 to $65,519 in 2023.
- Total liabilities have increased from $12,541 in 2017 to $36,005 in 2023, indicating growing financial obligations.
- The organization's financial health appears to be deteriorating, with expenses consistently outpacing revenue.
Strengths
The following positive indicators were identified for Habitat P L U S Inc:
- Long-standing presence in Lynn, MA, indicating community roots.
- Consistent revenue generation over several years, albeit often less than expenses.
Frequently Asked Questions about Habitat P L U S Inc
Is Habitat P L U S Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Habitat P L U S Inc (EIN: 223029733) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Habitat P L U S Inc spend its money?
Habitat P L U S Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Habitat P L U S Inc tax-deductible?
Habitat P L U S Inc is registered as a tax-exempt nonprofit (EIN: 223029733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Habitat P L U S Inc CEO make?
Habitat P L U S Inc's highest-compensated officer earns $0 annually. The organization reported $877K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Habitat P L U S Inc's spending goes to programs?
Habitat P L U S Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Habitat P L U S Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Habitat P L U S Inc is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Habitat P L U S Inc located?
Habitat P L U S Inc is headquartered in Lynn, Massachusetts and files with the IRS under EIN 223029733. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Habitat P L U S Inc have?
Habitat P L U S 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 $877K in total revenue.
What does Habitat P L U S Inc do?
Habitat P L U S Inc is a nonprofit organization in the Unknown sector, located in Lynn, Massachusetts. It is classified under NTEE code Z99.
How much revenue does Habitat P L U S Inc have?
Habitat P L U S Inc reported total revenue of $876,739. Based on 13 IRS 990 filings on record.
What are Habitat P L U S Inc's total assets?
Habitat P L U S Inc holds total assets of $165,109 as reported in IRS 990 filings.
Where is Habitat P L U S Inc located?
Habitat P L U S Inc is based in Lynn, Massachusetts.
What is Habitat P L U S Inc's EIN?
Habitat P L U S Inc's Employer Identification Number (EIN) is 223029733. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Habitat P L U S Inc?
Habitat P L U S Inc is classified under NTEE code Z99 (Unknown).
Is Habitat P L U S Inc a registered 501(c)(3)?
Yes, Habitat P L U S Inc is recognized as a tax-exempt organization by the IRS. EIN: 223029733.
Does Habitat P L U S Inc file IRS Form 990?
Yes, Habitat P L U S Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Habitat P L U S Inc's revenue in 2023?
In the 202306 filing period, Habitat P L U S Inc reported total revenue of $569,824, total expenses of $599,399, and net assets of $65,519.
Is Habitat P L U S Inc's revenue growing or declining?
Habitat P L U S Inc's revenue is growing. Revenue went from $528,580 (202206) to $569,824 (202306), a +7.8% change. Based on 13 filings on record.
What is Habitat P L U S Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Habitat P L U S Inc covers tax period 202306. It shows revenue of $569,824, expenses of $599,399, total assets of $65,519, and liabilities of $36,005.
How much does Habitat P L U S Inc spend on programs vs administration?
Based on IRS 990 analysis, Habitat P L U S Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Habitat P L U S Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Habitat P L U S Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Habitat P L U S Inc?
The following concerns were identified: Consistent operating deficits over multiple years (e.g., 2023: revenue $569,824, expenses $599,399).. Significant decline in net assets from $113,417 in 2017 to $65,519 in 2023.. Total liabilities have increased from $12,541 in 2017 to $36,005 in 2023, indicating growing financial obligations.. The organization's financial health appears to be deteriorating, with expenses consistently outpacing revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Habitat P L U S Inc's strengths?
Positive indicators for Habitat P L U S Inc include: Long-standing presence in Lynn, MA, indicating community roots.. Consistent revenue generation over several years, albeit often less than expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does Habitat P L U S Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could suggest reliance on volunteer leadership or that compensation is being reported under other expense categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Habitat P L U S Inc?
- Financial statements consistently show expenses exceeding revenue, leading to accumulated deficits. - The organization's net assets have significantly declined from $113,417 in 2017 to $65,519 in 2023. - The organization reports 0% compensation for its highest paid employees, which may indicate reliance on volunteers or underreporting. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent operating deficits and declining net assets, what is the long-term sustainability plan for Habitat P L U S Inc?
The financial data indicates a pattern of spending exceeding revenue, leading to a reduction in net assets. Without a clear strategy to reverse this trend, the organization's ability to sustain its operations and mission in the long term is questionable.
How does Habitat P L U S Inc manage to operate with reported $0 executive compensation, and what are the implications for its governance and operational capacity?
The reported $0 executive compensation suggests either a fully volunteer-led executive team or that compensation is being categorized differently. This could impact the organization's ability to attract and retain experienced leadership, potentially affecting its strategic direction and operational efficiency.
Filing History
IRS 990 filing history for Habitat P L U S Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Habitat P L U S Inc's revenue has grown by 8.2%, moving from $527K to $570K. Total assets increased by 125.5% over the same period, from $29K to $66K. Total functional expenses rose by 16.6%, from $514K to $599K. In its most recent filing year (2023), Habitat P L U S Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $36K in liabilities against $66K in assets (debt-to-asset ratio: 55.0%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $570K | $599K | $66K | $36K | — | — |
| 2022 | $529K | $586K | $38K | $37K | — | View 990 |
| 2021 | $618K | $534K | $103K | $44K | — | View 990 |
| 2020 | $541K | $569K | $54K | $79K | — | View 990 |
| 2019 | $503K | $523K | $32K | $29K | — | View 990 |
| 2018 | $581K | $660K | $52K | $29K | — | View 990 |
| 2017 | $489K | $485K | $113K | $13K | — | View 990 |
| 2016 | $248K | $258K | $106K | $9K | — | View 990 |
| 2015 | $655K | $583K | $112K | $5K | — | View 990 |
| 2014 | $542K | $547K | $40K | $5K | — | View 990 |
| 2013 | $584K | $571K | $43K | $3K | — | View 990 |
| 2012 | $517K | $515K | $31K | $3K | — | View 990 |
| 2011 | $527K | $514K | $29K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $570K, expenses of $599K, and assets of $66K (revenue +7.8% year-over-year).
- 2022: Revenue of $529K, expenses of $586K, and assets of $38K (revenue -14.4% year-over-year).
- 2021: Revenue of $618K, expenses of $534K, and assets of $103K (revenue +14.1% year-over-year).
- 2020: Revenue of $541K, expenses of $569K, and assets of $54K (revenue +7.6% year-over-year).
- 2019: Revenue of $503K, expenses of $523K, and assets of $32K (revenue -13.4% year-over-year).
- 2018: Revenue of $581K, expenses of $660K, and assets of $52K (revenue +19.0% year-over-year).
- 2017: Revenue of $489K, expenses of $485K, and assets of $113K (revenue +96.8% year-over-year).
- 2016: Revenue of $248K, expenses of $258K, and assets of $106K (revenue -62.1% year-over-year).
- 2015: Revenue of $655K, expenses of $583K, and assets of $112K (revenue +20.7% year-over-year).
- 2014: Revenue of $542K, expenses of $547K, and assets of $40K (revenue -7.2% year-over-year).
- 2013: Revenue of $584K, expenses of $571K, and assets of $43K (revenue +13.0% year-over-year).
- 2012: Revenue of $517K, expenses of $515K, and assets of $31K (revenue -1.8% year-over-year).
- 2011: Revenue of $527K, expenses of $514K, and assets of $29K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Habitat P L U S Inc:
Data Sources and Methodology
This transparency report for Habitat P L U S 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.