Housing Consultants Group
Housing Consultants Group experiences significant revenue decline after a period of rapid growth, maintaining 0% officer compensation.
EIN: 201845302 · Greensboro, NC · NTEE: P51 · Updated: 2026-03-28
Is Housing Consultants Group Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Consultants Group directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Consultants Group
Housing Consultants Group (EIN: 201845302) is a nonprofit organization based in Greensboro, NC, classified under NTEE code P51. The organization reported total revenue of $527K and total assets of $412K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Consultants Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Consultants Group is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of 21.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$5K |
| Total Assets | $659K |
| Total Liabilities | $375K |
| Net Assets | $283K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 57.0% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2022, Housing Consultants Group reported a surplus of $5K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 57.0% (high leverage).
Financial Trends
Over 13 years of filings (2010–2022), Housing Consultants Group's revenue has grown at a compound annual growth rate (CAGR) of 21.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -31.1% | -29.5% | -40.4% |
| 2021 | +380.8% | +394.2% | +708.1% |
| 2020 | +33.8% | +29.0% | +68.5% |
| 2019 | +0.1% | +7.9% | +0.2% |
| 2018 | +27.4% | +9.6% | +98.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Housing Consultants Group 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Housing Consultants Group allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all 13 filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size and revenue levels, particularly during its peak years of over $2 million in revenue.
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 Consultants Group's IRS 990 filings:
- Significant and rapid decline in revenue from $2,683,425 in 2021 to $527,208 currently, raising questions about sustainability.
- Unusually consistent 0% officer compensation across all filings, which, while positive for program spending, can sometimes indicate complex compensation structures not fully transparent or potential reliance on external support.
Strengths
The following positive indicators were identified for Housing Consultants Group:
- Consistently high program spending, with expenses closely tracking revenue, indicating efficient use of funds for its mission.
- Zero officer compensation reported across all 13 filings, demonstrating a strong commitment to directing resources to programs.
- Long history of IRS 990 filings (13 periods), indicating transparency and compliance.
- Significant asset growth during peak revenue periods, reaching $1,106,215 in 2021.
Frequently Asked Questions about Housing Consultants Group
Is Housing Consultants Group a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Consultants Group (EIN: 201845302) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Housing Consultants Group spend its money?
Housing Consultants Group directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Housing Consultants Group tax-deductible?
Housing Consultants Group is registered as a tax-exempt nonprofit (EIN: 201845302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Housing Consultants Group a good charity?
Based on the available data, Housing Consultants Group appears to be a good charity in terms of program focus and efficiency, consistently reporting 0% officer compensation and expenses closely matching revenue. However, the recent sharp decline in revenue from $2,683,425 in 2021 to $527,208 currently warrants further investigation into its operational stability.
Why did Housing Consultants Group's revenue drop so significantly after 2021?
The provided data does not specify the reasons for the substantial revenue drop from $2,683,425 in 2021 to $527,208 currently. This could be due to the completion of large projects, changes in funding streams, or other operational shifts not detailed in the summary.
How does Housing Consultants Group manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be entirely volunteer-based, compensated through other entities, or that the organization's structure allows for operations without direct officer salaries from the nonprofit itself. This is a highly unusual and notable financial characteristic.
Filing History
IRS 990 filing history for Housing Consultants Group showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Housing Consultants Group's revenue has grown by 924.9%, moving from $180K to $1.8M. Total assets increased by 1579.8% over the same period, from $39K to $659K. Total functional expenses rose by 879.9%, from $188K to $1.8M. In its most recent filing year (2022), Housing Consultants Group reported a surplus of $5K, with revenue exceeding expenses. The organization holds $375K in liabilities against $659K in assets (debt-to-asset ratio: 57.0%), resulting in net assets of $283K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.8M | $1.8M | $659K | $375K | — | View 990 |
| 2021 | $2.7M | $2.6M | $1.1M | $1.0M | — | View 990 |
| 2020 | $558K | $529K | $137K | $103K | — | View 990 |
| 2019 | $417K | $410K | $81K | $77K | — | View 990 |
| 2018 | $417K | $380K | $81K | $84K | — | View 990 |
| 2017 | $327K | $347K | $41K | $80K | — | View 990 |
| 2016 | $316K | $354K | $26K | $46K | — | View 990 |
| 2015 | $303K | $330K | $46K | $28K | — | View 990 |
| 2014 | $383K | $438K | $59K | $20K | — | View 990 |
| 2013 | $362K | $397K | $52K | $0 | — | View 990 |
| 2012 | $404K | $335K | $74K | $0 | — | View 990 |
| 2011 | $185K | $220K | $8K | $4K | — | View 990 |
| 2010 | $180K | $188K | $39K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $659K (revenue -31.1% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.6M, and assets of $1.1M (revenue +380.8% year-over-year).
- 2020: Revenue of $558K, expenses of $529K, and assets of $137K (revenue +33.8% year-over-year).
- 2019: Revenue of $417K, expenses of $410K, and assets of $81K (revenue +0.1% year-over-year).
- 2018: Revenue of $417K, expenses of $380K, and assets of $81K (revenue +27.4% year-over-year).
- 2017: Revenue of $327K, expenses of $347K, and assets of $41K (revenue +3.7% year-over-year).
- 2016: Revenue of $316K, expenses of $354K, and assets of $26K (revenue +4.0% year-over-year).
- 2015: Revenue of $303K, expenses of $330K, and assets of $46K (revenue -20.8% year-over-year).
- 2014: Revenue of $383K, expenses of $438K, and assets of $59K (revenue +5.8% year-over-year).
- 2013: Revenue of $362K, expenses of $397K, and assets of $52K (revenue -10.3% year-over-year).
- 2012: Revenue of $404K, expenses of $335K, and assets of $74K (revenue +118.3% year-over-year).
- 2011: Revenue of $185K, expenses of $220K, and assets of $8K (revenue +2.5% year-over-year).
- 2010: Revenue of $180K, expenses of $188K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Consultants Group:
Data Sources and Methodology
This transparency report for Housing Consultants Group 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.