Hrca Housing For Elderly Inc
EIN: 42543731 · Revere, MA
| Metric | Value |
|---|---|
| Total Revenue | $9.8M |
| Total Expenses | $8.6M |
| Net Assets | $-35,353,881 |
Is Hrca Housing For Elderly Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hrca Housing For Elderly Inc
Hrca Housing For Elderly Inc (EIN: 42543731) is a nonprofit organization based in Revere, MA. The organization reported total revenue of $9.8M and total assets of $18.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hrca Housing For Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hrca Housing For Elderly Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.9M |
| Total Expenses | $8.6M |
| Surplus / Deficit | +$225K |
| Total Assets | $19.0M |
| Total Liabilities | $54.4M |
| Net Assets | $-35,353,881 |
| Operating Margin | 2.5% |
| Debt-to-Asset Ratio | 286.1% |
| Months of Reserves | 26.4 months |
Financial Health Grade: A
In 2023, Hrca Housing For Elderly Inc reported a surplus of $225K with revenue exceeding expenses, holds 26.4 months of operating reserves (strong position), has a debt-to-asset ratio of 286.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hrca Housing For Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +6.7% | -3.2% |
| 2022 | +6.4% | -22.3% | -1.0% |
| 2021 | +6.7% | +43.7% | +12.8% |
| 2020 | -0.4% | +6.4% | -7.2% |
| 2019 | +0.8% | -1.1% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hrca Housing For Elderly Inc 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 Hrca Housing For Elderly Inc 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 $225K, with revenue exceeding expenses.
- Debt-to-asset ratio: 286.1%.
Frequently Asked Questions about Hrca Housing For Elderly Inc
Is Hrca Housing For Elderly Inc a legitimate charity?
Hrca Housing For Elderly Inc (EIN: 42543731) is a registered tax-exempt nonprofit based in Massachusetts. It has 13 years of IRS 990 filings on record. Total revenue: $9.8M. No red flags identified. Financial health grade: A.
How does Hrca Housing For Elderly Inc spend its money?
Hrca Housing For Elderly Inc reported $9.8M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hrca Housing For Elderly Inc tax-deductible?
Hrca Housing For Elderly Inc is registered as a tax-exempt nonprofit (EIN: 42543731). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hrca Housing For Elderly Inc located?
Hrca Housing For Elderly Inc is headquartered in Revere, Massachusetts and files with the IRS under EIN 42543731.
How many years of IRS 990 filings does Hrca Housing For Elderly Inc have?
Hrca Housing For Elderly 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 $9.8M in total revenue.
Filing History
IRS 990 filing history for Hrca Housing For Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hrca Housing For Elderly Inc's revenue has grown by 49.2%, moving from $5.9M to $8.9M. Total assets increased by 20.4% over the same period, from $15.8M to $19.0M. Total functional expenses rose by 92.6%, from $4.5M to $8.6M. In its most recent filing year (2023), Hrca Housing For Elderly Inc reported a surplus of $225K, with revenue exceeding expenses. The organization holds $54.4M in liabilities against $19.0M in assets (debt-to-asset ratio: 286.1%), resulting in net assets of $-35,353,881.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.9M | $8.6M | $19.0M | $54.4M | — | — |
| 2022 | $8.5M | $8.1M | $19.6M | $55.3M | — | View 990 |
| 2021 | $8.0M | $10.4M | $19.8M | $56.0M | — | View 990 |
| 2020 | $7.5M | $7.3M | $17.6M | $37.0M | — | View 990 |
| 2019 | $7.6M | $6.8M | $18.9M | $37.7M | — | View 990 |
| 2018 | $7.5M | $6.9M | $19.7M | $38.1M | — | View 990 |
| 2017 | $5.0M | $6.8M | $20.7M | $38.7M | — | View 990 |
| 2016 | $4.8M | $5.6M | $19.9M | $17.3M | — | View 990 |
| 2015 | $4.5M | $5.5M | $21.2M | $17.7M | — | View 990 |
| 2014 | $4.5M | $5.0M | $22.1M | $17.7M | — | View 990 |
| 2013 | $4.4M | $4.6M | $23.0M | $18.0M | — | View 990 |
| 2012 | $4.3M | $4.4M | $24.4M | $19.2M | — | View 990 |
| 2011 | $5.9M | $4.5M | $15.8M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.9M, expenses of $8.6M, and assets of $19.0M (revenue +3.7% year-over-year).
- 2022: Revenue of $8.5M, expenses of $8.1M, and assets of $19.6M (revenue +6.4% year-over-year).
- 2021: Revenue of $8.0M, expenses of $10.4M, and assets of $19.8M (revenue +6.7% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.3M, and assets of $17.6M (revenue -0.4% year-over-year).
- 2019: Revenue of $7.6M, expenses of $6.8M, and assets of $18.9M (revenue +0.8% year-over-year).
- 2018: Revenue of $7.5M, expenses of $6.9M, and assets of $19.7M (revenue +49.0% year-over-year).
- 2017: Revenue of $5.0M, expenses of $6.8M, and assets of $20.7M (revenue +5.4% year-over-year).
- 2016: Revenue of $4.8M, expenses of $5.6M, and assets of $19.9M (revenue +6.3% year-over-year).
- 2015: Revenue of $4.5M, expenses of $5.5M, and assets of $21.2M (revenue +0.6% year-over-year).
- 2014: Revenue of $4.5M, expenses of $5.0M, and assets of $22.1M (revenue +1.5% year-over-year).
- 2013: Revenue of $4.4M, expenses of $4.6M, and assets of $23.0M (revenue +2.8% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.4M, and assets of $24.4M (revenue -27.9% year-over-year).
- 2011: Revenue of $5.9M, expenses of $4.5M, and assets of $15.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hrca Housing For Elderly Inc:
Data Sources and Methodology
This transparency report for Hrca Housing For Elderly 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.