Housing Assistance Program Of Essex County

Housing Assistance Program Of Essex County consistently operates near break-even with no reported officer compensation.

EIN: 141601549 · Elizabethtown, NY · NTEE: L800 · Updated: 2026-03-28

$2.3MRevenue

$3.5MAssets

85/100Mission Score (Excellent)

L800

About Housing Assistance Program Of Essex County

Housing Assistance Program Of Essex County (EIN: 141601549) is a nonprofit organization based in Elizabethtown, NY, classified under NTEE code L800. The organization reported total revenue of $2.3M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Assistance Program Of Essex County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Housing Assistance Program Of Essex County demonstrates consistent financial activity, with revenues generally tracking expenses closely over the past decade. In the most recent filing (202312), the organization reported revenues of $3,287,178 against expenses of $3,397,121, indicating a slight deficit for the period. This trend of expenses often matching or slightly exceeding revenue is common for direct service nonprofits. The organization's assets have shown growth, increasing from $850,535 in 2014 to $2,459,472 in 2023, suggesting a stable, albeit not rapidly accumulating, financial position.

The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and efficient use of funds, as it suggests that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is unusual for an organization of this size. This practice, if accurately reflecting no compensation to key decision-makers, could free up more resources for program delivery. However, without further detail on how key management personnel are compensated, it's difficult to fully assess the overall compensation structure.

Overall, the organization appears to be financially stable, managing its resources to meet its mission without significant accumulation of unrestricted net assets. The consistent filing history and the reported lack of officer compensation point towards a commitment to transparency and program focus. Further analysis of the functional expense breakdown would provide a clearer picture of spending efficiency across programs, administration, and fundraising.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Housing Assistance Program Of Essex County with a Mission Score of 85 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Housing Assistance Program Of Essex County allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $2 million. This suggests either a volunteer leadership model or that executive compensation is categorized differently, warranting further investigation for full transparency.

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 Housing Assistance Program Of Essex County's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization of this size and could mask executive compensation in other categories.
Frequent slight operating deficits, such as the $109,943 deficit in 2023, which could erode reserves over time if not managed.

Strengths

The following positive indicators were identified for Housing Assistance Program Of Essex County:

Consistent financial reporting and filing history over 13 periods, indicating good governance.
Assets have shown steady growth from $850,535 in 2014 to $2,459,472 in 2023, demonstrating financial stability.
Revenues consistently exceed $2 million, indicating a significant capacity to deliver services.

Frequently Asked Questions about Housing Assistance Program Of Essex County

How does Housing Assistance Program Of Essex County fund its operations with 0% reported officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that key leadership may be volunteer-based or compensated through other expense categories not classified as officer compensation. This practice, while potentially efficient, warrants further inquiry to understand the full compensation structure for key management personnel.

What is the organization's strategy for managing its slight annual deficits, such as the $109,943 deficit in 2023?

The organization frequently operates with expenses closely matching or slightly exceeding revenues. This could indicate a strategy of spending down available funds to maximize program delivery, or it might suggest reliance on prior year surpluses or specific grants to cover shortfalls. A detailed look at net assets would clarify this.

What is the functional expense breakdown for program, administrative, and fundraising costs?

While the provided data indicates overall revenues and expenses, a detailed functional expense breakdown (e.g., from Part IX of the Form 990) is needed to precisely determine the percentages allocated to programs, administration, and fundraising. This information is crucial for assessing spending efficiency.

Filing History

IRS 990 filing history for Housing Assistance Program Of Essex County showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Housing Assistance Program Of Essex County's revenue has grown by 120.8%, moving from $1.5M to $3.3M. Total assets increased by 186.9% over the same period, from $857K to $2.5M. Total functional expenses rose by 120.5%, from $1.5M to $3.4M. In its most recent filing year (2023), Housing Assistance Program Of Essex County reported a deficit of $110K, with expenses exceeding revenue. The organization holds $466K in liabilities against $2.5M in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $2.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.3M	$3.4M	$2.5M	$466K	—	View 990
2022	$2.6M	$2.7M	$2.4M	$318K	—	View 990
2021	$2.3M	$2.3M	$2.2M	$158K	—	View 990
2020	$2.0M	$1.6M	$2.3M	$249K	—	—
2019	$2.3M	$2.2M	$2.0M	$311K	—	View 990
2018	$4.1M	$3.8M	$2.3M	$808K	—	View 990
2017	$2.7M	$2.2M	$1.4M	$145K	—	View 990
2016	$2.2M	$2.1M	$1.0M	$247K	—	View 990
2015	$1.9M	$1.9M	$1000K	$281K	—	View 990
2014	$2.0M	$2.0M	$851K	$156K	—	View 990
2013	$2.2M	$2.1M	$933K	$218K	—	View 990
2012	$1.7M	$1.6M	$854K	$211K	—	View 990
2011	$1.5M	$1.5M	$857K	$222K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.3M, expenses of $3.4M, and assets of $2.5M (revenue +24.4% year-over-year).
2022: Revenue of $2.6M, expenses of $2.7M, and assets of $2.4M (revenue +17.0% year-over-year).
2021: Revenue of $2.3M, expenses of $2.3M, and assets of $2.2M (revenue +11.6% year-over-year).
2020: Revenue of $2.0M, expenses of $1.6M, and assets of $2.3M (revenue -13.5% year-over-year).
2019: Revenue of $2.3M, expenses of $2.2M, and assets of $2.0M (revenue -43.3% year-over-year).
2018: Revenue of $4.1M, expenses of $3.8M, and assets of $2.3M (revenue +53.2% year-over-year).
2017: Revenue of $2.7M, expenses of $2.2M, and assets of $1.4M (revenue +22.2% year-over-year).
2016: Revenue of $2.2M, expenses of $2.1M, and assets of $1.0M (revenue +14.0% year-over-year).
2015: Revenue of $1.9M, expenses of $1.9M, and assets of $1000K (revenue -1.9% year-over-year).
2014: Revenue of $2.0M, expenses of $2.0M, and assets of $851K (revenue -9.1% year-over-year).
2013: Revenue of $2.2M, expenses of $2.1M, and assets of $933K (revenue +30.6% year-over-year).
2012: Revenue of $1.7M, expenses of $1.6M, and assets of $854K (revenue +11.4% year-over-year).
2011: Revenue of $1.5M, expenses of $1.5M, and assets of $857K.

Data Sources and Methodology

This transparency report for Housing Assistance Program Of Essex County 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.