Housing Reinvestment Corporation Of America
EIN: 820719315 · Washington, DC · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $459K |
| Net Assets | $43K |
Is Housing Reinvestment Corporation Of America Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Housing Reinvestment Corporation Of America
Housing Reinvestment Corporation Of America (EIN: 820719315) is a nonprofit organization based in Washington, DC, classified under NTEE code L20. The organization reported total revenue of $1.1M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing Reinvestment Corporation Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing Reinvestment Corporation Of America is a mid-size nonprofit that has been operating for 9 years, with 3 years of IRS 990 filings on record (2021–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $459K |
| Surplus / Deficit | +$41K |
| Total Assets | $1.1M |
| Total Liabilities | $1.0M |
| Net Assets | $43K |
| Operating Margin | 8.1% |
| Debt-to-Asset Ratio | 96.0% |
| Months of Reserves | 28.0 months |
Financial Health Grade: A
In 2023, Housing Reinvestment Corporation Of America reported a surplus of $41K with revenue exceeding expenses, holds 28.0 months of operating reserves (strong position), has a debt-to-asset ratio of 96.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | -4.7% | +4.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Housing Reinvestment Corporation Of America 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 Reinvestment Corporation Of America 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.0%.
Frequently Asked Questions about Housing Reinvestment Corporation Of America
Is Housing Reinvestment Corporation Of America a legitimate charity?
Housing Reinvestment Corporation Of America (EIN: 820719315) is a registered tax-exempt nonprofit based in Washington DC. It has 3 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: A.
How does Housing Reinvestment Corporation Of America spend its money?
Housing Reinvestment Corporation Of America reported $1.1M 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 Reinvestment Corporation Of America tax-deductible?
Housing Reinvestment Corporation Of America is registered as a tax-exempt nonprofit (EIN: 820719315). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Housing Reinvestment Corporation Of America located?
Housing Reinvestment Corporation Of America is headquartered in Washington, Washington DC and files with the IRS under EIN 820719315. It is classified under NTEE code L20.
How many years of IRS 990 filings does Housing Reinvestment Corporation Of America have?
Housing Reinvestment Corporation Of America 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Housing Reinvestment Corporation Of America showing financial trends over 3 years of public records:
Total assets increased by 107164000% over the same period, from $1 to $1.1M. In its most recent filing year (2023), Housing Reinvestment Corporation Of America reported a surplus of $41K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $1.1M in assets (debt-to-asset ratio: 96.0%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $459K | $1.1M | $1.0M | — | — |
| 2022 | $484K | $482K | $1.0M | $1.0M | — | View 990 |
| 2021 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $500K, expenses of $459K, and assets of $1.1M (revenue +3.3% year-over-year).
- 2022: Revenue of $484K, expenses of $482K, and assets of $1.0M.
- 2021: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing Reinvestment Corporation Of America:
Data Sources and Methodology
This transparency report for Housing Reinvestment Corporation Of America 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.