Housing Opportunities Made Equal Inc
Housing Opportunities Made Equal Inc shows strong revenue growth and zero reported officer compensation over five years.
EIN: 166061434 · Buffalo, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| Net Assets | $1.8M |
| Transparency Score | 95/100 |
Is Housing Opportunities Made Equal Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Opportunities Made Equal Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Opportunities Made Equal Inc
Housing Opportunities Made Equal Inc (EIN: 166061434) is a nonprofit organization based in Buffalo, NY, classified under NTEE code L20Z. The organization reported total revenue of $1.8M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Opportunities Made Equal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Opportunities Made Equal Inc is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$262K |
| Total Assets | $1.9M |
| Total Liabilities | $128K |
| Net Assets | $1.8M |
| Operating Margin | 13.0% |
| Debt-to-Asset Ratio | 6.8% |
| Months of Reserves | 13.0 months |
Financial Health Grade: A
In 2023, Housing Opportunities Made Equal Inc reported a surplus of $262K with revenue exceeding expenses, holds 13.0 months of operating reserves (strong position), has a debt-to-asset ratio of 6.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Opportunities Made Equal Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.5% | +22.4% | +19.1% |
| 2022 | +21.6% | -2.9% | +25.1% |
| 2021 | +41.8% | +74.0% | +7.8% |
| 2020 | +27.7% | +22.2% | +23.4% |
| 2019 | +45.2% | +13.1% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1965 |
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 Opportunities Made Equal Inc with a Mission Score of 95 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 Opportunities Made Equal 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 $262K, with revenue exceeding expenses.
- Debt-to-asset ratio: 6.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings from 2019 to 2023, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests a strong commitment to directing funds towards programs.
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 Opportunities Made Equal Inc's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could warrant further investigation into financial reporting practices or funding sources.
- Zero reported officer compensation for an organization with over $2M in revenue is highly unusual and might indicate compensation is reported under other expense categories or through related entities, requiring deeper scrutiny of the full 990 form.
Strengths
The following positive indicators were identified for Housing Opportunities Made Equal Inc:
- Consistent and significant revenue growth, more than doubling from 2019 to 2023.
- Healthy asset growth, nearly doubling from 2019 to 2023, indicating strong financial health.
- Expenses consistently below revenue, demonstrating sound financial management and ability to build reserves.
- Zero reported officer compensation across all recent filings, suggesting a strong focus on mission and efficient use of funds.
- Low liabilities relative to assets, indicating a strong balance sheet and low financial risk.
Frequently Asked Questions about Housing Opportunities Made Equal Inc
Is Housing Opportunities Made Equal Inc a legitimate charity?
Housing Opportunities Made Equal Inc (EIN: 166061434) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.8M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Housing Opportunities Made Equal Inc spend its money?
Housing Opportunities Made Equal Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Housing Opportunities Made Equal Inc tax-deductible?
Housing Opportunities Made Equal Inc is registered as a tax-exempt nonprofit (EIN: 166061434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Opportunities Made Equal Inc's spending goes to programs?
Housing Opportunities Made Equal Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Opportunities Made Equal Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Housing Opportunities Made Equal Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Opportunities Made Equal Inc located?
Housing Opportunities Made Equal Inc is headquartered in Buffalo, New York and files with the IRS under EIN 166061434. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Housing Opportunities Made Equal Inc have?
Housing Opportunities Made Equal Inc 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 $1.8M in total revenue.
Is Housing Opportunities Made Equal Inc financially stable?
Yes, the organization appears financially stable, with consistent revenue growth from $798,686 in 2019 to $2,013,598 in 2023, and assets growing from $957,319 to $1,896,035 over the same period. Expenses are consistently below revenue, indicating healthy financial management.
How has the organization's revenue changed over time?
Housing Opportunities Made Equal Inc has experienced significant revenue growth, more than doubling from $798,686 in 2019 to $2,013,598 in 2023.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend, increasing from $957,319 in 2019 to $1,896,035 in 2023, indicating a growing financial base.
Filing History
IRS 990 filing history for Housing Opportunities Made Equal Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Opportunities Made Equal Inc's revenue has grown by 174.4%, moving from $734K to $2.0M. Total assets increased by 191.8% over the same period, from $650K to $1.9M. Total functional expenses rose by 146%, from $712K to $1.8M. In its most recent filing year (2023), Housing Opportunities Made Equal Inc reported a surplus of $262K, with revenue exceeding expenses. The organization holds $128K in liabilities against $1.9M in assets (debt-to-asset ratio: 6.8%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.8M | $1.9M | $128K | — | — |
| 2022 | $1.8M | $1.4M | $1.6M | $175K | — | View 990 |
| 2021 | $1.4M | $1.5M | $1.3M | $83K | — | View 990 |
| 2020 | $1.0M | $847K | $1.2M | $85K | — | View 990 |
| 2019 | $799K | $693K | $957K | $34K | — | View 990 |
| 2018 | $550K | $613K | $905K | $87K | — | View 990 |
| 2017 | $620K | $611K | $921K | $40K | — | View 990 |
| 2016 | $634K | $587K | $986K | $114K | — | View 990 |
| 2015 | $633K | $564K | $926K | $101K | — | View 990 |
| 2014 | $649K | $658K | $882K | $120K | — | View 990 |
| 2013 | $976K | $772K | $1.4M | $117K | — | View 990 |
| 2012 | $660K | $672K | $739K | $125K | — | View 990 |
| 2011 | $734K | $712K | $650K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.8M, and assets of $1.9M (revenue +14.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.4M, and assets of $1.6M (revenue +21.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $1.3M (revenue +41.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $847K, and assets of $1.2M (revenue +27.7% year-over-year).
- 2019: Revenue of $799K, expenses of $693K, and assets of $957K (revenue +45.2% year-over-year).
- 2018: Revenue of $550K, expenses of $613K, and assets of $905K (revenue -11.3% year-over-year).
- 2017: Revenue of $620K, expenses of $611K, and assets of $921K (revenue -2.2% year-over-year).
- 2016: Revenue of $634K, expenses of $587K, and assets of $986K (revenue +0.1% year-over-year).
- 2015: Revenue of $633K, expenses of $564K, and assets of $926K (revenue -2.5% year-over-year).
- 2014: Revenue of $649K, expenses of $658K, and assets of $882K (revenue -33.4% year-over-year).
- 2013: Revenue of $976K, expenses of $772K, and assets of $1.4M (revenue +47.8% year-over-year).
- 2012: Revenue of $660K, expenses of $672K, and assets of $739K (revenue -10.1% year-over-year).
- 2011: Revenue of $734K, expenses of $712K, and assets of $650K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Opportunities Made Equal Inc:
Data Sources and Methodology
This transparency report for Housing Opportunities Made Equal 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.