Independence Hall Mutual Housing Association
EIN: 760588137 · Houston, TX · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.6M |
| Net Assets | $-330,873 |
Is Independence Hall Mutual Housing Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independence Hall Mutual Housing Association
Independence Hall Mutual Housing Association (EIN: 760588137) is a nonprofit organization based in Houston, TX, classified under NTEE code L21. The organization reported total revenue of $1.5M and total assets of $721K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independence Hall Mutual Housing Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independence Hall Mutual Housing Association is a mid-size nonprofit that has been operating for 27 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-169,049 |
| Total Assets | $822K |
| Total Liabilities | $1.2M |
| Net Assets | $-330,873 |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 140.2% |
| Months of Reserves | 6.2 months |
Financial Health Grade: C
In 2023, Independence Hall Mutual Housing Association reported a deficit of $169K with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 140.2% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Independence Hall Mutual Housing Association's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | +11.6% | -15.1% |
| 2022 | +0.2% | +0.3% | -9.4% |
| 2021 | +3.4% | +8.5% | -2.1% |
| 2020 | +2.5% | -5.4% | -1.8% |
| 2019 | +3.1% | +5.7% | -6.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independence Hall Mutual Housing Association 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 Independence Hall Mutual Housing Association 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 deficit of $169K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.2%.
Frequently Asked Questions about Independence Hall Mutual Housing Association
Is Independence Hall Mutual Housing Association a legitimate charity?
Independence Hall Mutual Housing Association (EIN: 760588137) is a registered tax-exempt nonprofit based in Texas. It has 14 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: C.
How does Independence Hall Mutual Housing Association spend its money?
Independence Hall Mutual Housing Association reported $1.5M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Independence Hall Mutual Housing Association tax-deductible?
Independence Hall Mutual Housing Association is registered as a tax-exempt nonprofit (EIN: 760588137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independence Hall Mutual Housing Association located?
Independence Hall Mutual Housing Association is headquartered in Houston, Texas and files with the IRS under EIN 760588137. It is classified under NTEE code L21.
How many years of IRS 990 filings does Independence Hall Mutual Housing Association have?
Independence Hall Mutual Housing Association has 14 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Independence Hall Mutual Housing Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Independence Hall Mutual Housing Association's revenue has grown by 6.8%, moving from $1.3M to $1.4M. Total assets decreased by 65.2% over the same period, from $2.4M to $822K. Total functional expenses rose by 19.1%, from $1.3M to $1.6M. In its most recent filing year (2023), Independence Hall Mutual Housing Association reported a deficit of $169K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $822K in assets (debt-to-asset ratio: 140.2%), resulting in net assets of $-330,873.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.6M | $822K | $1.2M | — | — |
| 2022 | $1.4M | $1.4M | $968K | $1.1M | — | — |
| 2021 | $1.4M | $1.4M | $1.1M | $1.2M | — | View 990 |
| 2020 | $1.3M | $1.3M | $1.1M | $1.2M | — | View 990 |
| 2019 | $1.3M | $1.4M | $1.1M | $1.2M | — | View 990 |
| 2018 | $1.3M | $1.3M | $1.2M | $1.2M | — | View 990 |
| 2017 | $1.3M | $1.2M | $1.3M | $1.3M | — | — |
| 2016 | $1.2M | $1.3M | $1.3M | $1.4M | — | View 990 |
| 2015 | $1.2M | $1.4M | $1.4M | $1.4M | — | View 990 |
| 2014 | $1.3M | $1.4M | $1.7M | $1.5M | — | View 990 |
| 2013 | $1.4M | $1.4M | $1.8M | $1.5M | — | View 990 |
| 2012 | $1.4M | $1.3M | $2.0M | $1.7M | — | View 990 |
| 2011 | $1.3M | $1.3M | $2.1M | $1.9M | — | View 990 |
| 2010 | $1.3M | $1.3M | $2.4M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.6M, and assets of $822K (revenue +1.9% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $968K (revenue +0.2% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $1.1M (revenue +3.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue +2.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.4M, and assets of $1.1M (revenue +3.1% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue +0.5% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $1.3M (revenue +2.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $1.3M (revenue +1.0% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.4M, and assets of $1.4M (revenue -3.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $1.7M (revenue -7.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $1.8M (revenue -3.5% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $2.0M (revenue +4.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $2.1M (revenue +1.5% year-over-year).
- 2010: Revenue of $1.3M, expenses of $1.3M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independence Hall Mutual Housing Association:
Data Sources and Methodology
This transparency report for Independence Hall Mutual Housing Association 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.