Housing Plus Solutions Inc
Housing Plus Solutions Inc shows strong growth and zero reported officer compensation over a decade.
EIN: 134200638 · New York, NY · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.9M |
| Total Expenses | $13.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $13,420,965 |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Housing Plus Solutions Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing Plus Solutions Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing Plus Solutions Inc
Housing Plus Solutions Inc (EIN: 134200638) is a nonprofit organization based in New York, NY, classified under NTEE code L20. The organization reported total revenue of $14.9M and total assets of $72.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Plus Solutions Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Plus Solutions Inc is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 22.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.4M |
| Total Expenses | $13.3M |
| Surplus / Deficit | +$133K |
| Total Assets | $10.9M |
| Total Liabilities | $9.6M |
| Net Assets | $1.3M |
| Operating Margin | 1.0% |
| Debt-to-Asset Ratio | 88.0% |
| Months of Reserves | 9.9 months |
Financial Health Grade: A
In 2023, Housing Plus Solutions Inc reported a surplus of $133K with revenue exceeding expenses, holds 9.9 months of operating reserves (strong position), has a debt-to-asset ratio of 88.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Housing Plus Solutions Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.6% | +53.4% | +210.0% |
| 2022 | +3.6% | +2.9% | +15.9% |
| 2021 | +25.2% | +19.1% | +2.4% |
| 2020 | +10.5% | +16.0% | +55.6% |
| 2019 | +15.6% | +17.7% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Plus Solutions 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: 90%
- fundraising: 3%
According to IRS 990 filings, Housing Plus Solutions Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $133K, with revenue exceeding expenses.
- Debt-to-asset ratio: 88.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of its size with $13,420,965 in expenses in 202306.
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 Plus Solutions Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or a reliance on pro-bono leadership, warranting further investigation into operational structure.
Strengths
The following positive indicators were identified for Housing Plus Solutions Inc:
- Strong and consistent revenue growth, from $2.2M in 2014 to $13.4M in 2023.
- Significant asset accumulation, growing from $1.5M in 2014 to $10.9M in 2023, enhancing long-term stability.
- Consistent reporting of 0% officer compensation, suggesting a high dedication to program spending.
- Healthy asset-to-liability ratio, indicating strong financial solvency and stability.
- Positive net income in most recent years, demonstrating effective financial management.
Frequently Asked Questions about Housing Plus Solutions Inc
Is Housing Plus Solutions Inc a legitimate charity?
Housing Plus Solutions Inc (EIN: 134200638) 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: $14.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Housing Plus Solutions Inc spend its money?
Housing Plus Solutions Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Housing Plus Solutions Inc tax-deductible?
Housing Plus Solutions Inc is registered as a tax-exempt nonprofit (EIN: 134200638). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing Plus Solutions Inc CEO make?
Housing Plus Solutions Inc's highest-compensated officer earns $13,420,965 annually. The organization reported $14.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing Plus Solutions Inc's spending goes to programs?
Housing Plus Solutions Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing Plus Solutions Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Housing Plus Solutions 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 Plus Solutions Inc located?
Housing Plus Solutions Inc is headquartered in New York, New York and files with the IRS under EIN 134200638. It is classified under NTEE code L20.
How many years of IRS 990 filings does Housing Plus Solutions Inc have?
Housing Plus Solutions 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 $14.9M in total revenue.
Is Housing Plus Solutions Inc a good charity?
Based on the provided data, Housing Plus Solutions Inc appears to be a very good charity. It demonstrates strong financial health, significant growth in revenue and assets, and a consistent commitment to program spending, evidenced by 0% officer compensation reported across all filings.
How has Housing Plus Solutions Inc's financial health changed over time?
Housing Plus Solutions Inc has experienced substantial financial growth and improved health. Revenue increased from $2,278,603 in 201406 to $13,420,965 in 202306, and assets grew from $1,580,372 to $10,938,041 in the same period, indicating robust expansion and increased capacity.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, directing more funds directly to its mission and beneficiaries.
Does Housing Plus Solutions Inc have sufficient assets to cover its liabilities?
Yes, in recent periods, Housing Plus Solutions Inc has maintained a healthy asset-to-liability ratio. For example, in 202306, assets were $10,938,041 against liabilities of $9,624,189, and in 202206, assets were $3,528,138 against liabilities of $2,170,961, indicating good financial solvency.
Filing History
IRS 990 filing history for Housing Plus Solutions Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Housing Plus Solutions Inc's revenue has grown by 1024.3%, moving from $1.2M to $13.4M. Total assets increased by 1503% over the same period, from $682K to $10.9M. Total functional expenses rose by 1061.9%, from $1.1M to $13.3M. In its most recent filing year (2023), Housing Plus Solutions Inc reported a surplus of $133K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $10.9M in assets (debt-to-asset ratio: 88.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.4M | $13.3M | $10.9M | $9.6M | — | View 990 |
| 2022 | $8.8M | $8.7M | $3.5M | $2.2M | — | View 990 |
| 2021 | $8.5M | $8.4M | $3.0M | $1.8M | — | View 990 |
| 2020 | $6.8M | $7.1M | $3.0M | $1.8M | — | View 990 |
| 2019 | $6.1M | $6.1M | $1.9M | $472K | — | View 990 |
| 2018 | $5.3M | $5.2M | $1.9M | $457K | — | View 990 |
| 2017 | $3.9M | $3.8M | $1.8M | $530K | — | View 990 |
| 2016 | $3.6M | $3.5M | $1.7M | $528K | — | View 990 |
| 2015 | $2.5M | $2.5M | $1.5M | $370K | — | View 990 |
| 2014 | $2.3M | $2.2M | $1.6M | $409K | — | View 990 |
| 2013 | $2.2M | $1.8M | $1.3M | $271K | — | View 990 |
| 2012 | $1.3M | $1.3M | $838K | $216K | — | View 990 |
| 2011 | $1.2M | $1.1M | $682K | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.4M, expenses of $13.3M, and assets of $10.9M (revenue +52.6% year-over-year).
- 2022: Revenue of $8.8M, expenses of $8.7M, and assets of $3.5M (revenue +3.6% year-over-year).
- 2021: Revenue of $8.5M, expenses of $8.4M, and assets of $3.0M (revenue +25.2% year-over-year).
- 2020: Revenue of $6.8M, expenses of $7.1M, and assets of $3.0M (revenue +10.5% year-over-year).
- 2019: Revenue of $6.1M, expenses of $6.1M, and assets of $1.9M (revenue +15.6% year-over-year).
- 2018: Revenue of $5.3M, expenses of $5.2M, and assets of $1.9M (revenue +36.3% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.8M, and assets of $1.8M (revenue +9.0% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.5M, and assets of $1.7M (revenue +44.3% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.5M, and assets of $1.5M (revenue +8.6% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.2M, and assets of $1.6M (revenue +3.6% year-over-year).
- 2013: Revenue of $2.2M, expenses of $1.8M, and assets of $1.3M (revenue +69.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $838K (revenue +9.1% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $682K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Plus Solutions Inc:
Data Sources and Methodology
This transparency report for Housing Plus Solutions 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.