Housing Options Made Easy Inc
Housing Options Made Easy Inc. consistently allocates over 90% of expenses to programs with no reported officer compensation.
EIN: 161370949 · Gowanda, NY · NTEE: F33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $8.7M |
| Program Spending | 91% |
| Net Assets | $3.5M |
| Transparency Score | 92/100 |
Is Housing Options Made Easy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Options Made Easy Inc directs 91% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Options Made Easy Inc
Housing Options Made Easy Inc (EIN: 161370949) is a nonprofit organization based in Gowanda, NY, classified under NTEE code F33Z. The organization reported total revenue of $11.1M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Options Made Easy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Options Made Easy Inc is a large nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.1M |
| Total Expenses | $8.7M |
| Surplus / Deficit | +$411K |
| Total Assets | $5.5M |
| Total Liabilities | $2.0M |
| Net Assets | $3.5M |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 7.6 months |
Financial Health Grade: A
In 2023, Housing Options Made Easy Inc reported a surplus of $411K with revenue exceeding expenses, holds 7.6 months of operating reserves (strong position), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Options Made Easy Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.0% | +31.7% | +23.4% |
| 2022 | +11.4% | +7.1% | +72.8% |
| 2021 | +14.7% | +1.1% | +45.9% |
| 2020 | -2.3% | +7.1% | -12.3% |
| 2019 | +9.5% | +3.8% | +29.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Options Made Easy Inc with a Mission Score of 92 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: 7%
- programs: 91%
- fundraising: 2%
According to IRS 990 filings, Housing Options Made Easy Inc allocates its expenses as follows: admin: 7%, programs: 91%, fundraising: 2%. With 91% 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 $411K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
Across all available IRS 990 filings from 2014 to 2023, Housing Options Made Easy Inc. consistently reports 0% officer compensation, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive team or that compensation is reported under other categories.
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 Options Made Easy Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and could indicate compensation is reported in other categories or a fully volunteer executive team.
Strengths
The following positive indicators were identified for Housing Options Made Easy Inc:
- Strong program spending ratio, consistently over 90% of total expenses dedicated to mission-related activities.
- Consistent revenue growth over the past decade, indicating increasing support and impact.
- Healthy asset growth, with assets increasing from $2.29 million in 2014 to $5.49 million in 2023.
- Positive net assets and increasing financial health, with assets outpacing liabilities.
- No reported officer compensation, suggesting a highly efficient or volunteer-driven executive structure.
Frequently Asked Questions about Housing Options Made Easy Inc
Is Housing Options Made Easy Inc a legitimate charity?
Housing Options Made Easy Inc (EIN: 161370949) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $11.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Housing Options Made Easy Inc spend its money?
Housing Options Made Easy Inc directs 91% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Housing Options Made Easy Inc tax-deductible?
Housing Options Made Easy Inc is registered as a tax-exempt nonprofit (EIN: 161370949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Housing Options Made Easy Inc's spending goes to programs?
Housing Options Made Easy Inc directs 91% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Options Made Easy Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Housing Options Made Easy Inc is above average for NTEE category F33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Options Made Easy Inc located?
Housing Options Made Easy Inc is headquartered in Gowanda, New York and files with the IRS under EIN 161370949. It is classified under NTEE code F33Z.
How many years of IRS 990 filings does Housing Options Made Easy Inc have?
Housing Options Made Easy 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 $11.1M in total revenue.
Is Housing Options Made Easy Inc. financially stable?
Yes, the organization appears financially stable. Its assets have consistently grown, reaching $5,494,646 in 2023, and revenue has shown steady increases over the past decade, indicating a healthy financial trajectory.
How much of its money goes to programs?
A significant portion of its expenses goes to programs. In 2023, $7,870,202 out of $8,670,202 in total expenses were allocated to program services, which is approximately 90.77%.
Does the organization pay its officers?
Based on the provided IRS 990 data, Housing Options Made Easy Inc. consistently reports 0% for officer compensation across all filings from 2014 to 2023. This suggests that officers may be volunteers or compensated through other means not categorized as 'officer compensation' on the 990.
Has the organization's revenue been growing?
Yes, the organization has shown strong revenue growth, increasing from $4,566,110 in 2014 to $9,081,146 in 2023, nearly doubling its revenue over the decade.
Filing History
IRS 990 filing history for Housing Options Made Easy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Options Made Easy Inc's revenue has grown by 167.8%, moving from $3.4M to $9.1M. Total assets increased by 269.3% over the same period, from $1.5M to $5.5M. Total functional expenses rose by 156%, from $3.4M to $8.7M. In its most recent filing year (2023), Housing Options Made Easy Inc reported a surplus of $411K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $5.5M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.1M | $8.7M | $5.5M | $2.0M | — | View 990 |
| 2022 | $7.8M | $6.6M | $4.5M | $1.4M | — | View 990 |
| 2021 | $7.0M | $6.1M | $2.6M | $770K | — | View 990 |
| 2020 | $6.1M | $6.1M | $1.8M | $839K | — | View 990 |
| 2019 | $6.3M | $5.7M | $2.0M | $1.1M | — | View 990 |
| 2018 | $5.7M | $5.5M | $1.6M | $1.3M | — | View 990 |
| 2017 | $5.6M | $5.8M | $1.3M | $1.3M | — | — |
| 2016 | $5.3M | $5.6M | $1.6M | $1.4M | — | View 990 |
| 2015 | $5.2M | $4.9M | $2.0M | $1.5M | — | View 990 |
| 2014 | $4.6M | $4.4M | $2.3M | $2.0M | — | View 990 |
| 2013 | $4.2M | $4.2M | $1.8M | $1.6M | — | View 990 |
| 2012 | $3.9M | $3.9M | $1.6M | $1.3M | — | View 990 |
| 2011 | $3.4M | $3.4M | $1.5M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.1M, expenses of $8.7M, and assets of $5.5M (revenue +16.0% year-over-year).
- 2022: Revenue of $7.8M, expenses of $6.6M, and assets of $4.5M (revenue +11.4% year-over-year).
- 2021: Revenue of $7.0M, expenses of $6.1M, and assets of $2.6M (revenue +14.7% year-over-year).
- 2020: Revenue of $6.1M, expenses of $6.1M, and assets of $1.8M (revenue -2.3% year-over-year).
- 2019: Revenue of $6.3M, expenses of $5.7M, and assets of $2.0M (revenue +9.5% year-over-year).
- 2018: Revenue of $5.7M, expenses of $5.5M, and assets of $1.6M (revenue +1.8% year-over-year).
- 2017: Revenue of $5.6M, expenses of $5.8M, and assets of $1.3M (revenue +5.6% year-over-year).
- 2016: Revenue of $5.3M, expenses of $5.6M, and assets of $1.6M (revenue +2.1% year-over-year).
- 2015: Revenue of $5.2M, expenses of $4.9M, and assets of $2.0M (revenue +14.1% year-over-year).
- 2014: Revenue of $4.6M, expenses of $4.4M, and assets of $2.3M (revenue +10.0% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.2M, and assets of $1.8M (revenue +7.1% year-over-year).
- 2012: Revenue of $3.9M, expenses of $3.9M, and assets of $1.6M (revenue +14.3% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.4M, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Options Made Easy Inc:
Data Sources and Methodology
This transparency report for Housing Options Made Easy 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.