Housing Opportunities Program Inc
EIN: 351982921 · Fort Wayne, IN · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $136K |
| Total Expenses | $127K |
| Net Assets | $367K |
Is Housing Opportunities Program Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Housing Opportunities Program Inc
Housing Opportunities Program Inc (EIN: 351982921) is a nonprofit organization based in Fort Wayne, IN, classified under NTEE code L21. The organization reported total revenue of $136K and total assets of $370K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Opportunities Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Opportunities Program Inc is a small nonprofit that has been operating for 14 years, with 3 years of IRS 990 filings on record (2020–2022). Revenue has grown at a compound annual rate of -17.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $136K |
| Total Expenses | $127K |
| Surplus / Deficit | +$9K |
| Total Assets | $370K |
| Total Liabilities | $3K |
| Net Assets | $367K |
| Operating Margin | 6.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 34.9 months |
Financial Health Grade: A
In 2022, Housing Opportunities Program Inc reported a surplus of $9K with revenue exceeding expenses, holds 34.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 3 years of filings (2020–2022), Housing Opportunities Program Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -55.4% | +262.2% | +1.1% |
| 2021 | +53.4% | -81.7% | +307.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Housing Opportunities Program Inc 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 Opportunities Program Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Housing Opportunities Program Inc
Is Housing Opportunities Program Inc a legitimate charity?
Housing Opportunities Program Inc (EIN: 351982921) is a registered tax-exempt nonprofit based in Indiana. It has 3 years of IRS 990 filings on record. Total revenue: $136K. No red flags identified. Financial health grade: A.
How does Housing Opportunities Program Inc spend its money?
Housing Opportunities Program Inc reported $136K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Housing Opportunities Program Inc tax-deductible?
Housing Opportunities Program Inc is registered as a tax-exempt nonprofit (EIN: 351982921). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Housing Opportunities Program Inc located?
Housing Opportunities Program Inc is headquartered in Fort Wayne, Indiana and files with the IRS under EIN 351982921. It is classified under NTEE code L21.
How many years of IRS 990 filings does Housing Opportunities Program Inc have?
Housing Opportunities Program Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $136K in total revenue.
Filing History
IRS 990 filing history for Housing Opportunities Program Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2020–2022), Housing Opportunities Program Inc's revenue has declined by 31.5%, moving from $198K to $136K. Total assets increased by 311.9% over the same period, from $90K to $370K. Total functional expenses fell by 33.6%, from $191K to $127K. In its most recent filing year (2022), Housing Opportunities Program Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $3K in liabilities against $370K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $367K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $136K | $127K | $370K | $3K | — | View 990 |
| 2021 | $304K | $35K | $366K | $4K | — | View 990 |
| 2020 | $198K | $191K | $90K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $136K, expenses of $127K, and assets of $370K (revenue -55.4% year-over-year).
- 2021: Revenue of $304K, expenses of $35K, and assets of $366K (revenue +53.4% year-over-year).
- 2020: Revenue of $198K, expenses of $191K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Opportunities Program Inc:
Data Sources and Methodology
This transparency report for Housing Opportunities Program 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.