Housing Foundation Of America Inc
Housing Foundation Of America Inc shows consistent growth and zero officer compensation, but carries notable liabilities.
EIN: 203852230 · Pembroke Pines, FL · NTEE: P51 · Updated: 2026-03-28
Is Housing Foundation Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Foundation Of America Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Foundation Of America Inc
Housing Foundation Of America Inc (EIN: 203852230) is a nonprofit organization based in Pembroke Pines, FL, classified under NTEE code P51. The organization reported total revenue of $1.0M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Foundation Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Foundation Of America Inc is a mid-size nonprofit that has been operating for 12 years, with 15 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 42.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $765K |
| Total Expenses | $698K |
| Surplus / Deficit | +$67K |
| Total Assets | $696K |
| Total Liabilities | $286K |
| Net Assets | $410K |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 41.1% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Housing Foundation Of America Inc reported a surplus of $67K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 41.1% (moderate leverage).
Financial Trends
Over 15 years of filings (2008–2023), Housing Foundation Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 42.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.6% | +28.0% | +5.3% |
| 2022 | +1.8% | -1.6% | +46.0% |
| 2021 | +40.2% | +34.4% | +7.4% |
| 2020 | +12.7% | +22.6% | +15.8% |
| 2019 | -16.9% | -20.0% | -25.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
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 Foundation Of America Inc with a Mission Score of 88 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 Foundation Of America Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $67K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its executives, which is highly unusual and suggests a volunteer-led or very lean operational structure.
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 Foundation Of America Inc's IRS 990 filings:
- Significant liabilities relative to assets (e.g., $286,111 liabilities against $695,829 assets in 2023) could warrant further investigation into their nature and repayment plan.
Strengths
The following positive indicators were identified for Housing Foundation Of America Inc:
- Consistent revenue and asset growth over recent years (e.g., revenue from $416,579 in 2020 to $764,861 in 2023).
- Zero officer compensation reported across all filings, indicating high efficiency and dedication to mission.
- Long history of IRS 990 filings (15 filings), demonstrating strong transparency and compliance.
- Expenses generally track closely with revenue, suggesting effective financial management (e.g., 2023 revenue $764,861 vs. expenses $698,252).
Frequently Asked Questions about Housing Foundation Of America Inc
Is Housing Foundation Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Foundation Of America Inc (EIN: 203852230) some concerns. Mission Score: 88/100. 1 red flag identified, 4 strengths noted.
How does Housing Foundation Of America Inc spend its money?
Housing Foundation Of America Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Housing Foundation Of America Inc tax-deductible?
Housing Foundation Of America Inc is registered as a tax-exempt nonprofit (EIN: 203852230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Housing Foundation Of America Inc a good charity?
Based on the available data, Housing Foundation Of America Inc appears to be a good charity. It demonstrates consistent financial growth, maintains a very low administrative overhead (implied by 0% officer compensation), and has a long history of IRS 990 filings, indicating transparency and compliance. The absence of officer compensation is a significant positive indicator of mission focus.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with revenue increasing from $416,579 in 2020 to $764,861 in 2023, and assets growing from $421,545 to $695,829 in the same period. This indicates a positive trend in financial health and capacity.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it means no salaries are paid to the organization's top executives. This suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, allowing a greater proportion of funds to be directed towards program services.
Filing History
IRS 990 filing history for Housing Foundation Of America Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2008–2023), Housing Foundation Of America Inc's revenue has grown by 21005.4%, moving from $4K to $765K. Total assets increased by 19100.6% over the same period, from $4K to $696K. In its most recent filing year (2023), Housing Foundation Of America Inc reported a surplus of $67K, with revenue exceeding expenses. The organization holds $286K in liabilities against $696K in assets (debt-to-asset ratio: 41.1%), resulting in net assets of $410K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $765K | $698K | $696K | $286K | — | — |
| 2022 | $595K | $545K | $661K | $286K | — | — |
| 2021 | $584K | $554K | $453K | $285K | — | View 990 |
| 2020 | $417K | $412K | $422K | $284K | — | View 990 |
| 2019 | $370K | $336K | $364K | $178K | — | View 990 |
| 2018 | $445K | $420K | $491K | $211K | — | View 990 |
| 2017 | $1.6M | $1.6M | $785K | $504K | — | View 990 |
| 2016 | $369K | $350K | $338K | $129K | — | View 990 |
| 2015 | $346K | $336K | $105K | $5K | — | View 990 |
| 2014 | $416K | $416K | $51K | $11K | — | View 990 |
| 2013 | $318K | $326K | $133K | $95K | — | View 990 |
| 2012 | $308K | $320K | $96K | $82K | — | — |
| 2010 | $168K | $79K | $92K | $0 | — | View 990 |
| 2009 | $24K | $24K | $4K | $0 | — | View 990 |
| 2008 | $4K | $0 | $4K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $765K, expenses of $698K, and assets of $696K (revenue +28.6% year-over-year).
- 2022: Revenue of $595K, expenses of $545K, and assets of $661K (revenue +1.8% year-over-year).
- 2021: Revenue of $584K, expenses of $554K, and assets of $453K (revenue +40.2% year-over-year).
- 2020: Revenue of $417K, expenses of $412K, and assets of $422K (revenue +12.7% year-over-year).
- 2019: Revenue of $370K, expenses of $336K, and assets of $364K (revenue -16.9% year-over-year).
- 2018: Revenue of $445K, expenses of $420K, and assets of $491K (revenue -72.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $785K (revenue +335.8% year-over-year).
- 2016: Revenue of $369K, expenses of $350K, and assets of $338K (revenue +6.8% year-over-year).
- 2015: Revenue of $346K, expenses of $336K, and assets of $105K (revenue -16.9% year-over-year).
- 2014: Revenue of $416K, expenses of $416K, and assets of $51K (revenue +30.9% year-over-year).
- 2013: Revenue of $318K, expenses of $326K, and assets of $133K (revenue +3.3% year-over-year).
- 2012: Revenue of $308K, expenses of $320K, and assets of $96K (revenue +83.6% year-over-year).
- 2010: Revenue of $168K, expenses of $79K, and assets of $92K (revenue +585.9% year-over-year).
- 2009: Revenue of $24K, expenses of $24K, and assets of $4K (revenue +574.4% year-over-year).
- 2008: Revenue of $4K, expenses of $0, and assets of $4K.
Data Sources and Methodology
This transparency report for Housing Foundation Of America Inc 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.