Housing Partnership
Housing Partnership maintains growing assets despite fluctuating revenues and recent operational deficits.
EIN: 20427331 · Portsmouth, NH · NTEE: L200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $916K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $5.2M |
| Transparency Score | 85/100 |
Is Housing Partnership Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Partnership directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Partnership
Housing Partnership (EIN: 20427331) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code L200. The organization reported total revenue of $4.7M and total assets of $13.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Partnership's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Partnership is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $659K |
| Total Expenses | $916K |
| Surplus / Deficit | $-256,723 |
| Total Assets | $11.8M |
| Total Liabilities | $6.6M |
| Net Assets | $5.2M |
| Operating Margin | -38.9% |
| Debt-to-Asset Ratio | 56.2% |
| Months of Reserves | 154.5 months |
Financial Health Grade: C
In 2023, Housing Partnership reported a deficit of $257K with expenses exceeding revenue, holds 154.5 months of operating reserves (strong position), has a debt-to-asset ratio of 56.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Partnership's revenue has declined at a compound annual growth rate (CAGR) of -5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.4% | -10.5% | +12.3% |
| 2022 | -59.2% | -16.8% | +26.2% |
| 2021 | +154.0% | +4.0% | +50.2% |
| 2020 | +13.4% | -1.3% | +-0.0% |
| 2019 | -49.7% | +16.8% | -8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Partnership with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Housing Partnership allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $257K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.2%.
Executive Compensation Analysis
Housing Partnership consistently reports 0% officer compensation across all 13 available IRS 990 filings, indicating that no compensation is paid to officers or key employees, or it is covered by other entities, which is highly unusual for an organization with assets exceeding $11 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 Partnership's IRS 990 filings:
- Consistent operational deficits in recent years (e.g., 2023, 2019, 2017) where expenses exceeded revenue.
- Unusually consistent 0% officer compensation reported across all filings for an organization of this size, which may obscure true leadership costs.
- Significant year-over-year revenue volatility, making financial forecasting challenging.
Strengths
The following positive indicators were identified for Housing Partnership:
- Strong and consistently growing asset base, reaching $11,796,241 in 2023, providing financial stability.
- Clear alignment with its NTEE code (L200 - Housing, Shelter) and organizational name, indicating a focused mission.
- Low reported liabilities relative to assets, with net assets of over $5 million in 2023 ($11,796,241 assets - $6,631,414 liabilities).
Frequently Asked Questions about Housing Partnership
Is Housing Partnership a legitimate charity?
Housing Partnership (EIN: 20427331) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Housing Partnership spend its money?
Housing Partnership directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Housing Partnership tax-deductible?
Housing Partnership is registered as a tax-exempt nonprofit (EIN: 20427331). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing Partnership CEO make?
Housing Partnership's highest-compensated officer earns $11 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing Partnership's spending goes to programs?
Housing Partnership directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Partnership compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Housing Partnership is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing Partnership located?
Housing Partnership is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20427331. It is classified under NTEE code L200.
How many years of IRS 990 filings does Housing Partnership have?
Housing Partnership 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 $4.7M in total revenue.
How does Housing Partnership cover its administrative and leadership costs if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings suggests that either the leadership is entirely volunteer-based, or their compensation is structured in a way that it is not reported under 'officer compensation' on the 990, potentially through a related entity or as general staff salaries. This requires further investigation to understand the true administrative overhead.
What caused the significant revenue spike in 2021 to $2,909,640 and the subsequent decline?
The 2021 revenue spike was substantial compared to prior and subsequent years. Understanding the source (e.g., a large grant, specific project funding, property sale) and why it wasn't sustained is crucial for assessing future financial predictability.
How does Housing Partnership plan to address the recent operational deficits, such as the $256,723 deficit in 2023?
In 2023, expenses ($916,035) exceeded revenue ($659,312) by a significant margin. The organization should have a strategy to manage these deficits to ensure long-term financial stability, even with a strong asset base.
What is the composition of Housing Partnership's $11,796,241 in assets, and how liquid are they?
Understanding the nature of the assets (e.g., real estate, investments, cash) is important for evaluating the organization's financial flexibility and ability to respond to unforeseen circumstances or fund new projects.
Filing History
IRS 990 filing history for Housing Partnership showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Partnership's revenue has declined by 51%, moving from $1.3M to $659K. Total assets increased by 129.9% over the same period, from $5.1M to $11.8M. Total functional expenses fell by 68.5%, from $2.9M to $916K. In its most recent filing year (2023), Housing Partnership reported a deficit of $257K, with expenses exceeding revenue. The organization holds $6.6M in liabilities against $11.8M in assets (debt-to-asset ratio: 56.2%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $659K | $916K | $11.8M | $6.6M | — | — |
| 2022 | $1.2M | $1.0M | $10.5M | $5.2M | — | View 990 |
| 2021 | $2.9M | $1.2M | $8.3M | $3.3M | — | View 990 |
| 2020 | $1.1M | $1.2M | $5.5M | $2.4M | — | — |
| 2019 | $1.0M | $1.2M | $5.5M | $2.4M | — | View 990 |
| 2018 | $2.0M | $1.0M | $6.0M | $2.5M | — | View 990 |
| 2017 | $783K | $1.0M | $4.3M | $1.7M | — | View 990 |
| 2016 | $989K | $1.1M | $5.6M | $2.0M | — | View 990 |
| 2015 | $1.1M | $1.3M | $5.2M | $1.5M | — | View 990 |
| 2014 | $1.5M | $1.4M | $5.4M | $1.5M | — | View 990 |
| 2013 | $1.6M | $1.4M | $5.1M | $1.3M | — | View 990 |
| 2012 | $1.1M | $1.4M | $5.1M | $2.5M | — | View 990 |
| 2011 | $1.3M | $2.9M | $5.1M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $659K, expenses of $916K, and assets of $11.8M (revenue -44.4% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $10.5M (revenue -59.2% year-over-year).
- 2021: Revenue of $2.9M, expenses of $1.2M, and assets of $8.3M (revenue +154.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $5.5M (revenue +13.4% year-over-year).
- 2019: Revenue of $1.0M, expenses of $1.2M, and assets of $5.5M (revenue -49.7% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.0M, and assets of $6.0M (revenue +156.7% year-over-year).
- 2017: Revenue of $783K, expenses of $1.0M, and assets of $4.3M (revenue -20.8% year-over-year).
- 2016: Revenue of $989K, expenses of $1.1M, and assets of $5.6M (revenue -10.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.3M, and assets of $5.2M (revenue -27.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $5.4M (revenue -5.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.4M, and assets of $5.1M (revenue +52.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.4M, and assets of $5.1M (revenue -20.9% year-over-year).
- 2011: Revenue of $1.3M, expenses of $2.9M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Partnership:
Data Sources and Methodology
This transparency report for Housing Partnership 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.