Housing Initiatives Inc
Housing Initiatives Inc shows significant asset growth but recent operating deficit and high liabilities.
EIN: 201914244 · Rutland, VT · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $128K |
| Total Expenses | $223K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3.7 |
| Net Assets | $649K |
| Transparency Score | 70/100 |
Is Housing Initiatives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Initiatives Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Initiatives Inc
Housing Initiatives Inc (EIN: 201914244) is a nonprofit organization based in Rutland, VT, classified under NTEE code L20. The organization reported total revenue of $128K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Initiatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Initiatives Inc is a small nonprofit that has been operating for 2 years, with 5 years of IRS 990 filings on record (2013–2024). Revenue has grown at a compound annual rate of 14.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $223K |
| Surplus / Deficit | $-100,799 |
| Total Assets | $3.7M |
| Total Liabilities | $3.1M |
| Net Assets | $649K |
| Operating Margin | -82.6% |
| Debt-to-Asset Ratio | 82.5% |
| Months of Reserves | 200.1 months |
Financial Health Grade: C
In 2024, Housing Initiatives Inc reported a deficit of $101K with expenses exceeding revenue, holds 200.1 months of operating reserves (strong position), has a debt-to-asset ratio of 82.5% (high leverage).
Financial Trends
Over 5 years of filings (2013–2024), Housing Initiatives Inc's revenue has grown at a compound annual growth rate (CAGR) of 14.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +199.5% | +549.3% | +649.6% |
| 2020 | -78.0% | -19.4% | -8.0% |
| 2019 | -6.5% | -77.5% | +36.6% |
| 2018 | +611.2% | +640.3% | +135.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Initiatives Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Housing Initiatives Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $101K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for an organization of its size with assets exceeding $3.7 million.
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 Initiatives Inc's IRS 990 filings:
- Expenses ($222,832) significantly exceeded revenue ($122,033) in the latest filing period (202403), indicating an operating deficit.
- Liabilities have grown substantially to $3,065,977 in 2024, which is a high amount relative to its annual revenue and warrants scrutiny.
Strengths
The following positive indicators were identified for Housing Initiatives Inc:
- Significant asset growth from $167,431 in 2013 to $3,714,895 in 2024, indicating successful capital accumulation.
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing administrative overhead.
- Consistent IRS 990 filing history over five periods, indicating good transparency practices.
Frequently Asked Questions about Housing Initiatives Inc
Is Housing Initiatives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Initiatives Inc (EIN: 201914244) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Housing Initiatives Inc spend its money?
Housing Initiatives Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Housing Initiatives Inc tax-deductible?
Housing Initiatives Inc is registered as a tax-exempt nonprofit (EIN: 201914244). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing Initiatives Inc CEO make?
Housing Initiatives Inc's highest-compensated officer earns $3.7 annually. The organization reported $128K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing Initiatives Inc's spending goes to programs?
Housing Initiatives Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Initiatives Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Housing Initiatives Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Initiatives Inc located?
Housing Initiatives Inc is headquartered in Rutland, Vermont and files with the IRS under EIN 201914244. It is classified under NTEE code L20.
How many years of IRS 990 filings does Housing Initiatives Inc have?
Housing Initiatives Inc has 5 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 $128K in total revenue.
Is Housing Initiatives Inc a good charity?
Housing Initiatives Inc appears to be a committed charity, evidenced by its significant asset growth and 0% officer compensation. However, the recent operating deficit in 2024 and substantial liabilities require further investigation to fully assess its long-term financial stability and impact.
What caused the large increase in assets and liabilities between 2020 and 2024?
Between 2020 and 2024, assets grew from $495,551 to $3,714,895, and liabilities increased from $1,889 to $3,065,977. This substantial growth likely indicates the acquisition or development of significant housing properties, potentially financed through debt, aligning with its NTEE code L20 (Housing Development, Construction & Management).
Why did expenses exceed revenue in the 202403 period?
In the 202403 period, expenses ($222,832) significantly exceeded revenue ($122,033). This could be due to one-time project costs, increased operational expenses not yet matched by funding, or a strategic decision to draw down reserves for program activities. Further detail from the full 990 filing would be needed to understand the specific reasons.
Filing History
IRS 990 filing history for Housing Initiatives Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2013–2024), Housing Initiatives Inc's revenue has grown by 337.6%, moving from $28K to $122K. Total assets increased by 2118.8% over the same period, from $167K to $3.7M. Total functional expenses rose by 772.6%, from $26K to $223K. In its most recent filing year (2024), Housing Initiatives Inc reported a deficit of $101K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $3.7M in assets (debt-to-asset ratio: 82.5%), resulting in net assets of $649K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $122K | $223K | $3.7M | $3.1M | — | — |
| 2020 | $41K | $34K | $496K | $2K | — | View 990 |
| 2019 | $185K | $43K | $539K | $52K | — | View 990 |
| 2018 | $198K | $189K | $395K | $50K | — | View 990 |
| 2013 | $28K | $26K | $167K | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $122K, expenses of $223K, and assets of $3.7M (revenue +199.5% year-over-year).
- 2020: Revenue of $41K, expenses of $34K, and assets of $496K (revenue -78.0% year-over-year).
- 2019: Revenue of $185K, expenses of $43K, and assets of $539K (revenue -6.5% year-over-year).
- 2018: Revenue of $198K, expenses of $189K, and assets of $395K (revenue +611.2% year-over-year).
- 2013: Revenue of $28K, expenses of $26K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Initiatives Inc:
Data Sources and Methodology
This transparency report for Housing Initiatives 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.