Hrca Brookline Housing 1550 Beacon Plaza
Hrca Brookline Housing consistently directs 100% of reported officer compensation to program services, maintaining stable operations with significant liabilities.
EIN: 10569403 · Boston, MA · NTEE: L25 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $4.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $-7,255,262 |
| Transparency Score | 92/100 |
Is Hrca Brookline Housing 1550 Beacon Plaza Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hrca Brookline Housing 1550 Beacon Plaza directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hrca Brookline Housing 1550 Beacon Plaza
Hrca Brookline Housing 1550 Beacon Plaza (EIN: 10569403) is a nonprofit organization based in Boston, MA, classified under NTEE code L25. The organization reported total revenue of $6.0M and total assets of $19.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hrca Brookline Housing 1550 Beacon Plaza's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hrca Brookline Housing 1550 Beacon Plaza is a mid-size 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 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $4.4M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $19.1M |
| Total Liabilities | $26.3M |
| Net Assets | $-7,255,262 |
| Operating Margin | 21.2% |
| Debt-to-Asset Ratio | 138.0% |
| Months of Reserves | 51.8 months |
Financial Health Grade: A
In 2023, Hrca Brookline Housing 1550 Beacon Plaza reported a surplus of $1.2M with revenue exceeding expenses, holds 51.8 months of operating reserves (strong position), has a debt-to-asset ratio of 138.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hrca Brookline Housing 1550 Beacon Plaza's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.9% | +0.6% | +4.0% |
| 2022 | +4.0% | +0.2% | -0.8% |
| 2021 | +9.7% | +2.0% | -2.1% |
| 2020 | +10.0% | +9.2% | +0.5% |
| 2019 | -1.3% | +2.8% | -1.8% |
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 Hrca Brookline Housing 1550 Beacon Plaza 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, Hrca Brookline Housing 1550 Beacon Plaza 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 $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 138.0%.
Executive Compensation Analysis
Hrca Brookline Housing consistently reports 0% officer compensation across all available filings, indicating that no officers receive reportable compensation, or that all compensation is below the reporting threshold, which is highly efficient for a nonprofit of its size with over $5 million in annual revenue.
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 Hrca Brookline Housing 1550 Beacon Plaza's IRS 990 filings:
- High liabilities relative to assets, though common for housing organizations (Liabilities $26,344,633 vs. Assets $19,089,371 in 2023).
Strengths
The following positive indicators were identified for Hrca Brookline Housing 1550 Beacon Plaza:
- Consistent 0% officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Stable and growing revenue stream, increasing from $3.6M in 2014 to $5.6M in 2023.
- Positive net income in recent years (e.g., $1,192,214 in 2023), contributing to asset growth.
- Clear program focus inherent in the NTEE code (L25 - Housing Development, Construction & Management).
Frequently Asked Questions about Hrca Brookline Housing 1550 Beacon Plaza
Is Hrca Brookline Housing 1550 Beacon Plaza a legitimate charity?
Based on AI analysis of IRS 990 filings, Hrca Brookline Housing 1550 Beacon Plaza (EIN: 10569403) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Hrca Brookline Housing 1550 Beacon Plaza spend its money?
Hrca Brookline Housing 1550 Beacon Plaza directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hrca Brookline Housing 1550 Beacon Plaza tax-deductible?
Hrca Brookline Housing 1550 Beacon Plaza is registered as a tax-exempt nonprofit (EIN: 10569403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hrca Brookline Housing 1550 Beacon Plaza CEO make?
Hrca Brookline Housing 1550 Beacon Plaza's highest-compensated officer earns $5 annually. The organization reported $6.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hrca Brookline Housing 1550 Beacon Plaza's spending goes to programs?
Hrca Brookline Housing 1550 Beacon Plaza directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hrca Brookline Housing 1550 Beacon Plaza compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Hrca Brookline Housing 1550 Beacon Plaza is above average for NTEE category L25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hrca Brookline Housing 1550 Beacon Plaza located?
Hrca Brookline Housing 1550 Beacon Plaza is headquartered in Boston, Massachusetts and files with the IRS under EIN 10569403. It is classified under NTEE code L25.
How many years of IRS 990 filings does Hrca Brookline Housing 1550 Beacon Plaza have?
Hrca Brookline Housing 1550 Beacon Plaza 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 $6.0M in total revenue.
Is Hrca Brookline Housing financially stable?
Yes, the organization appears financially stable, consistently generating revenue exceeding expenses in recent years (e.g., $5,611,543 revenue vs. $4,419,329 expenses in 2023). While liabilities are high, this is common for housing organizations and assets have also grown.
How efficient is Hrca Brookline Housing with its spending?
The organization demonstrates high spending efficiency, particularly with 0% reported officer compensation across all filings. This suggests nearly all operational funds are directed towards program delivery and essential administrative functions.
What is the trend in Hrca Brookline Housing's revenue?
Hrca Brookline Housing has shown a consistent upward trend in revenue, growing from $3,596,323 in 2014 to $5,611,543 in 2023, indicating healthy financial growth.
Why are Hrca Brookline Housing's liabilities so high?
High liabilities are typical for housing organizations, especially those involved in property acquisition, development, or management, as they often rely on mortgages or other forms of debt financing to fund their housing projects. In 2023, liabilities were $26,344,633.
Filing History
IRS 990 filing history for Hrca Brookline Housing 1550 Beacon Plaza showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hrca Brookline Housing 1550 Beacon Plaza's revenue has grown by 79.6%, moving from $3.1M to $5.6M. Total assets increased by 17.9% over the same period, from $16.2M to $19.1M. Total functional expenses rose by 48.3%, from $3.0M to $4.4M. In its most recent filing year (2023), Hrca Brookline Housing 1550 Beacon Plaza reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $26.3M in liabilities against $19.1M in assets (debt-to-asset ratio: 138.0%), resulting in net assets of $-7,255,262.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $4.4M | $19.1M | $26.3M | — | — |
| 2022 | $4.8M | $4.4M | $18.4M | $26.8M | — | — |
| 2021 | $4.7M | $4.4M | $18.5M | $27.4M | — | View 990 |
| 2020 | $4.2M | $4.3M | $18.9M | $28.1M | — | — |
| 2019 | $3.9M | $3.9M | $18.8M | $28.4M | — | View 990 |
| 2018 | $3.9M | $3.8M | $19.2M | $28.6M | — | View 990 |
| 2017 | $3.7M | $3.7M | $19.3M | $28.8M | — | View 990 |
| 2016 | $3.8M | $3.1M | $15.9M | $12.0M | — | View 990 |
| 2015 | $3.7M | $3.0M | $15.7M | $12.5M | — | View 990 |
| 2014 | $3.6M | $2.9M | $16.0M | $13.1M | — | View 990 |
| 2013 | $3.5M | $2.9M | $16.2M | $13.4M | — | View 990 |
| 2012 | $3.4M | $3.0M | $16.2M | $13.8M | — | View 990 |
| 2011 | $3.1M | $3.0M | $16.2M | $14.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $4.4M, and assets of $19.1M (revenue +15.9% year-over-year).
- 2022: Revenue of $4.8M, expenses of $4.4M, and assets of $18.4M (revenue +4.0% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.4M, and assets of $18.5M (revenue +9.7% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.3M, and assets of $18.9M (revenue +10.0% year-over-year).
- 2019: Revenue of $3.9M, expenses of $3.9M, and assets of $18.8M (revenue -1.3% year-over-year).
- 2018: Revenue of $3.9M, expenses of $3.8M, and assets of $19.2M (revenue +4.4% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.7M, and assets of $19.3M (revenue -1.5% year-over-year).
- 2016: Revenue of $3.8M, expenses of $3.1M, and assets of $15.9M (revenue +3.9% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.0M, and assets of $15.7M (revenue +1.7% year-over-year).
- 2014: Revenue of $3.6M, expenses of $2.9M, and assets of $16.0M (revenue +4.0% year-over-year).
- 2013: Revenue of $3.5M, expenses of $2.9M, and assets of $16.2M (revenue +1.2% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.0M, and assets of $16.2M (revenue +9.4% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.0M, and assets of $16.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hrca Brookline Housing 1550 Beacon Plaza:
Data Sources and Methodology
This transparency report for Hrca Brookline Housing 1550 Beacon Plaza 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.