Hancock Housing Foundation
Hancock Housing Foundation shows strong asset growth and minimal overhead despite volatile revenue history.
EIN: 202476340 · Hancock, MI · NTEE: W112 · Updated: 2026-03-28
Is Hancock Housing Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hancock Housing Foundation directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hancock Housing Foundation
Hancock Housing Foundation (EIN: 202476340) is a nonprofit organization based in Hancock, MI, classified under NTEE code W112. The organization reported total revenue of $302K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hancock Housing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hancock Housing Foundation with a Mission Score of 90 out of 100 (Excellent). 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, Hancock Housing Foundation 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.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization operates with unpaid leadership or very minimal administrative salaries, which is highly efficient for an organization with current assets nearing $3 million.
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 Hancock Housing Foundation's IRS 990 filings:
- Multiple years of negative reported revenue without clear explanation in summary data.
Strengths
The following positive indicators were identified for Hancock Housing Foundation:
- Consistently low expenses relative to assets and mission scope.
- Zero reported officer compensation across all filings, indicating high efficiency.
- Significant and consistent growth in assets over the past decade.
- Very low liabilities compared to assets, indicating strong financial stability.
- Clear alignment between organization name, NTEE code, and implied mission.
Frequently Asked Questions about Hancock Housing Foundation
Is Hancock Housing Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Hancock Housing Foundation (EIN: 202476340) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Hancock Housing Foundation spend its money?
Hancock Housing Foundation directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hancock Housing Foundation tax-deductible?
Hancock Housing Foundation is registered as a tax-exempt nonprofit (EIN: 202476340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the negative revenue reported in multiple years?
The consistent negative revenue figures from 2014-2017 and 2019-2022, such as $-94,799 in 2022 and $-100,583 in 2021, require further investigation. This could be due to significant investment losses, non-cash contributions being reported differently, or specific accounting practices related to asset depreciation or sales.
How does Hancock Housing Foundation fund its operations given the low reported expenses?
With expenses as low as $45,543 in 2023 and $11,384 in 2022, and no officer compensation, the organization appears to operate with extremely low overhead, possibly relying on volunteer efforts or in-kind support for administrative functions, allowing a high percentage of resources to be directed to its mission.
What is the primary source of the significant asset growth?
The substantial increase in assets from $101,505 in 2014 to $2,988,947 currently, despite several years of negative revenue, suggests significant capital contributions, grants, or successful investment strategies that are not fully reflected in the 'revenue' line item as reported in some years.
Filing History
IRS 990 filing history for Hancock Housing Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2008–2023), Hancock Housing Foundation's revenue has grown by 11901.6%, moving from $2K to $280K. Total assets increased by 3137.2% over the same period, from $85K to $2.8M. Total functional expenses rose by 312.3%, from $11K to $46K. In its most recent filing year (2023), Hancock Housing Foundation reported a surplus of $235K, with revenue exceeding expenses. The organization holds $319K in liabilities against $2.8M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $280K | $46K | $2.8M | $319K | — | — |
| 2022 | $-94,799 | $11K | $512K | $327K | — | — |
| 2021 | $-100,583 | $3K | $192K | $100 | — | View 990 |
| 2020 | $-78,307 | $3K | $194K | $0 | — | View 990 |
| 2019 | $-66,873 | $3K | $194K | $0 | — | View 990 |
| 2018 | $139K | $2K | $195K | $200 | — | View 990 |
| 2017 | $-32,044 | $3K | $68K | $79K | — | View 990 |
| 2016 | $-100,670 | $16K | $71K | $80K | — | View 990 |
| 2015 | $-129,417 | $13K | $90K | $83K | — | View 990 |
| 2014 | $-125,109 | $23K | $102K | $81K | — | View 990 |
| 2013 | $86K | $5K | $123K | $80K | — | View 990 |
| 2008 | $2K | $11K | $85K | $120K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $280K, expenses of $46K, and assets of $2.8M.
- 2022: Revenue of $-94,799, expenses of $11K, and assets of $512K.
- 2021: Revenue of $-100,583, expenses of $3K, and assets of $192K.
- 2020: Revenue of $-78,307, expenses of $3K, and assets of $194K.
- 2019: Revenue of $-66,873, expenses of $3K, and assets of $194K (revenue -148.0% year-over-year).
- 2018: Revenue of $139K, expenses of $2K, and assets of $195K.
- 2017: Revenue of $-32,044, expenses of $3K, and assets of $68K.
- 2016: Revenue of $-100,670, expenses of $16K, and assets of $71K.
- 2015: Revenue of $-129,417, expenses of $13K, and assets of $90K.
- 2014: Revenue of $-125,109, expenses of $23K, and assets of $102K (revenue -244.7% year-over-year).
- 2013: Revenue of $86K, expenses of $5K, and assets of $123K (revenue +3602.6% year-over-year).
- 2008: Revenue of $2K, expenses of $11K, and assets of $85K.
Data Sources and Methodology
This transparency report for Hancock Housing Foundation 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.