Housing For Independent Living Incorporated
EIN: 42674409 · Kingston, MA · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Revenue | $4.2M |
| Total Expenses | $970K |
| Net Assets | $0 |
Is Housing For Independent Living Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Housing For Independent Living Incorporated
Housing For Independent Living Incorporated (EIN: 42674409) is a nonprofit organization based in Kingston, MA, classified under NTEE code L20Z. The organization reported total revenue of $4.2M and total assets of $29K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing For Independent Living Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing For Independent Living Incorporated is a mid-size nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $970K |
| Surplus / Deficit | +$1.8M |
| Total Assets | $29K |
| Total Liabilities | $29K |
| Net Assets | $0 |
| Operating Margin | 65.4% |
| Debt-to-Asset Ratio | 100.0% |
| Months of Reserves | 0.4 months |
Financial Health Grade: B
In 2024, Housing For Independent Living Incorporated reported a surplus of $1.8M with revenue exceeding expenses, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 100.0% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Housing For Independent Living Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +150.2% | -15.3% | -98.2% |
| 2023 | +2.0% | -3.9% | -3.6% |
| 2022 | -2.0% | +2.7% | -10.6% |
| 2021 | +6.0% | +3.2% | -6.6% |
| 2020 | +1.4% | -1.9% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Housing For Independent Living Incorporated 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 Housing For Independent Living Incorporated 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 100.0%.
Frequently Asked Questions about Housing For Independent Living Incorporated
Is Housing For Independent Living Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing For Independent Living Incorporated (EIN: 42674409) insufficient data. 0 red flags identified, 0 strengths noted.
How does Housing For Independent Living Incorporated spend its money?
Detailed spending breakdown data is not yet available for Housing For Independent Living Incorporated. Check back for updated IRS 990 analysis.
Are donations to Housing For Independent Living Incorporated tax-deductible?
Housing For Independent Living Incorporated is registered as a tax-exempt nonprofit (EIN: 42674409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Housing For Independent Living Incorporated located?
Housing For Independent Living Incorporated is headquartered in Kingston, Massachusetts and files with the IRS under EIN 42674409. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Housing For Independent Living Incorporated have?
Housing For Independent Living Incorporated has 14 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 $4.2M in total revenue.
Filing History
IRS 990 filing history for Housing For Independent Living Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Housing For Independent Living Incorporated's revenue has grown by 203.9%, moving from $923K to $2.8M. Total assets decreased by 99.2% over the same period, from $3.6M to $29K. Total functional expenses fell by 3.3%, from $1.0M to $970K. In its most recent filing year (2024), Housing For Independent Living Incorporated reported a surplus of $1.8M, with revenue exceeding expenses. The organization holds $29K in liabilities against $29K in assets (debt-to-asset ratio: 100.0%), resulting in net assets of $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $970K | $29K | $29K | — | View 990 |
| 2023 | $1.1M | $1.1M | $1.6M | $3.5M | — | View 990 |
| 2022 | $1.1M | $1.2M | $1.7M | $3.5M | — | View 990 |
| 2021 | $1.1M | $1.2M | $1.9M | $3.6M | — | — |
| 2020 | $1.1M | $1.1M | $2.0M | $3.7M | — | View 990 |
| 2019 | $1.0M | $1.1M | $2.1M | $3.7M | — | View 990 |
| 2018 | $1.0M | $1.1M | $2.3M | $3.8M | — | View 990 |
| 2017 | $991K | $1.1M | $2.5M | $3.9M | — | View 990 |
| 2016 | $966K | $1.1M | $2.7M | $4.0M | — | View 990 |
| 2015 | $978K | $1.1M | $2.9M | $4.1M | — | View 990 |
| 2014 | $966K | $1.1M | $3.1M | $4.1M | — | View 990 |
| 2013 | $945K | $1.1M | $3.3M | $4.2M | — | View 990 |
| 2012 | $953K | $967K | $3.5M | $4.2M | — | View 990 |
| 2011 | $923K | $1.0M | $3.6M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $970K, and assets of $29K (revenue +150.2% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.6M (revenue +2.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $1.7M (revenue -2.0% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.2M, and assets of $1.9M (revenue +6.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $2.0M (revenue +1.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.1M, and assets of $2.1M (revenue +2.1% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.1M, and assets of $2.3M (revenue +3.2% year-over-year).
- 2017: Revenue of $991K, expenses of $1.1M, and assets of $2.5M (revenue +2.5% year-over-year).
- 2016: Revenue of $966K, expenses of $1.1M, and assets of $2.7M (revenue -1.2% year-over-year).
- 2015: Revenue of $978K, expenses of $1.1M, and assets of $2.9M (revenue +1.2% year-over-year).
- 2014: Revenue of $966K, expenses of $1.1M, and assets of $3.1M (revenue +2.2% year-over-year).
- 2013: Revenue of $945K, expenses of $1.1M, and assets of $3.3M (revenue -0.8% year-over-year).
- 2012: Revenue of $953K, expenses of $967K, and assets of $3.5M (revenue +3.3% year-over-year).
- 2011: Revenue of $923K, expenses of $1.0M, and assets of $3.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing For Independent Living Incorporated:
Data Sources and Methodology
This transparency report for Housing For Independent Living Incorporated 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.