Housing For The Elderly And Handicapped Of Newport
Newport housing nonprofit consistently maintains financial surplus with no reported officer compensation.
EIN: 20324936 · Newport, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $676K |
| Total Expenses | $538K |
| Program Spending | 90% |
| Net Assets | $2.7M |
| Transparency Score | 90/100 |
Is Housing For The Elderly And Handicapped Of Newport Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing For The Elderly And Handicapped Of Newport directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing For The Elderly And Handicapped Of Newport
Housing For The Elderly And Handicapped Of Newport (EIN: 20324936) is a nonprofit organization based in Newport, NH. The organization reported total revenue of $676K and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing For The Elderly And Handicapped Of Newport's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing For The Elderly And Handicapped Of Newport is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $583K |
| Total Expenses | $538K |
| Surplus / Deficit | +$45K |
| Total Assets | $2.9M |
| Total Liabilities | $162K |
| Net Assets | $2.7M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 5.6% |
| Months of Reserves | 64.6 months |
Financial Health Grade: A
In 2023, Housing For The Elderly And Handicapped Of Newport reported a surplus of $45K with revenue exceeding expenses, holds 64.6 months of operating reserves (strong position), has a debt-to-asset ratio of 5.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing For The Elderly And Handicapped Of Newport's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +12.5% | +0.2% |
| 2022 | +2.8% | -3.0% | +5.0% |
| 2021 | +3.0% | +4.7% | +0.5% |
| 2020 | +11.4% | -2.8% | +1.8% |
| 2019 | +2.7% | -0.5% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1980 |
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 For The Elderly And Handicapped Of Newport 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Housing For The Elderly And Handicapped Of Newport allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is a strong positive for resource allocation.
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 For The Elderly And Handicapped Of Newport's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for Housing For The Elderly And Handicapped Of Newport:
- Consistent financial surplus, indicating sound management (e.g., $45,205 in 2023).
- Zero reported officer compensation across all filings, suggesting high efficiency in leadership costs.
- Steady growth in assets over the past decade, from $2,065,723 in 2014 to $2,898,739 in 2023.
- Consistent filing of IRS 990s, demonstrating good transparency.
Frequently Asked Questions about Housing For The Elderly And Handicapped Of Newport
Is Housing For The Elderly And Handicapped Of Newport a legitimate charity?
Housing For The Elderly And Handicapped Of Newport (EIN: 20324936) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $676K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Housing For The Elderly And Handicapped Of Newport spend its money?
Housing For The Elderly And Handicapped Of Newport directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Housing For The Elderly And Handicapped Of Newport tax-deductible?
Housing For The Elderly And Handicapped Of Newport is registered as a tax-exempt nonprofit (EIN: 20324936). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Housing For The Elderly And Handicapped Of Newport located?
Housing For The Elderly And Handicapped Of Newport is headquartered in Newport, New Hampshire and files with the IRS under EIN 20324936.
How many years of IRS 990 filings does Housing For The Elderly And Handicapped Of Newport have?
Housing For The Elderly And Handicapped Of Newport 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 $676K in total revenue.
Is Housing For The Elderly And Handicapped Of Newport financially stable?
Yes, the organization appears financially stable, consistently operating with a surplus (e.g., $45,205 in 2023) and growing its assets from $2,065,723 in 2014 to $2,898,739 in 2023.
How much of its revenue goes to executive salaries?
Based on the provided IRS 990 data, 0% of its revenue goes to reported officer compensation across all available filing periods.
Has the organization's asset base grown over time?
Yes, the organization's assets have shown consistent growth, increasing from $2,065,723 in 2014 to $2,898,739 in 2023.
Filing History
IRS 990 filing history for Housing For The Elderly And Handicapped Of Newport showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing For The Elderly And Handicapped Of Newport's revenue has grown by 47.8%, moving from $395K to $583K. Total assets increased by 81.7% over the same period, from $1.6M to $2.9M. Total functional expenses rose by 55.2%, from $347K to $538K. In its most recent filing year (2023), Housing For The Elderly And Handicapped Of Newport reported a surplus of $45K, with revenue exceeding expenses. The organization holds $162K in liabilities against $2.9M in assets (debt-to-asset ratio: 5.6%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $583K | $538K | $2.9M | $162K | — | — |
| 2022 | $585K | $478K | $2.9M | $204K | — | View 990 |
| 2021 | $569K | $493K | $2.8M | $171K | — | View 990 |
| 2020 | $553K | $471K | $2.7M | $233K | — | View 990 |
| 2019 | $496K | $485K | $2.7M | $267K | — | View 990 |
| 2018 | $483K | $487K | $2.7M | $296K | — | View 990 |
| 2017 | $470K | $465K | $2.8M | $347K | — | View 990 |
| 2016 | $844K | $398K | $2.9M | $450K | — | View 990 |
| 2015 | $441K | $426K | $2.1M | $124K | — | View 990 |
| 2014 | $440K | $412K | $2.1M | $120K | — | View 990 |
| 2013 | $491K | $388K | $2.0M | $127K | — | View 990 |
| 2012 | $716K | $350K | $2.0M | $176K | — | View 990 |
| 2011 | $395K | $347K | $1.6M | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $583K, expenses of $538K, and assets of $2.9M (revenue -0.3% year-over-year).
- 2022: Revenue of $585K, expenses of $478K, and assets of $2.9M (revenue +2.8% year-over-year).
- 2021: Revenue of $569K, expenses of $493K, and assets of $2.8M (revenue +3.0% year-over-year).
- 2020: Revenue of $553K, expenses of $471K, and assets of $2.7M (revenue +11.4% year-over-year).
- 2019: Revenue of $496K, expenses of $485K, and assets of $2.7M (revenue +2.7% year-over-year).
- 2018: Revenue of $483K, expenses of $487K, and assets of $2.7M (revenue +2.7% year-over-year).
- 2017: Revenue of $470K, expenses of $465K, and assets of $2.8M (revenue -44.3% year-over-year).
- 2016: Revenue of $844K, expenses of $398K, and assets of $2.9M (revenue +91.5% year-over-year).
- 2015: Revenue of $441K, expenses of $426K, and assets of $2.1M (revenue +0.3% year-over-year).
- 2014: Revenue of $440K, expenses of $412K, and assets of $2.1M (revenue -10.4% year-over-year).
- 2013: Revenue of $491K, expenses of $388K, and assets of $2.0M (revenue -31.4% year-over-year).
- 2012: Revenue of $716K, expenses of $350K, and assets of $2.0M (revenue +81.3% year-over-year).
- 2011: Revenue of $395K, expenses of $347K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing For The Elderly And Handicapped Of Newport:
Data Sources and Methodology
This transparency report for Housing For The Elderly And Handicapped Of Newport 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.