Independent Housing Inc 1700 Pasewalk Ave
EIN: 470607342 · Norfolk, NE · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $732K |
| Total Expenses | $809K |
| Net Assets | $2.6M |
Is Independent Housing Inc 1700 Pasewalk Ave Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Independent Housing Inc 1700 Pasewalk Ave
Independent Housing Inc 1700 Pasewalk Ave (EIN: 470607342) is a nonprofit organization based in Norfolk, NE, classified under NTEE code L22Z. The organization reported total revenue of $732K and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Housing Inc 1700 Pasewalk Ave's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Housing Inc 1700 Pasewalk Ave is a small nonprofit that has been operating for 47 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $732K |
| Total Expenses | $809K |
| Surplus / Deficit | $-76,494 |
| Total Assets | $3.6M |
| Total Liabilities | $1.1M |
| Net Assets | $2.6M |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 29.7% |
| Months of Reserves | 53.9 months |
Financial Health Grade: B
In 2023, Independent Housing Inc 1700 Pasewalk Ave reported a deficit of $76K with expenses exceeding revenue, holds 53.9 months of operating reserves (strong position), has a debt-to-asset ratio of 29.7% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Independent Housing Inc 1700 Pasewalk Ave's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.4% | +3.9% | +1.4% |
| 2022 | -1.4% | +22.7% | -0.9% |
| 2021 | +7.3% | +0.7% | +13.6% |
| 2020 | +10.8% | -3.3% | +16.6% |
| 2019 | -0.7% | -7.5% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Independent Housing Inc 1700 Pasewalk Ave 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 Independent Housing Inc 1700 Pasewalk Ave 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 $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.7%.
Frequently Asked Questions about Independent Housing Inc 1700 Pasewalk Ave
Is Independent Housing Inc 1700 Pasewalk Ave a legitimate charity?
Independent Housing Inc 1700 Pasewalk Ave (EIN: 470607342) is a registered tax-exempt nonprofit based in Nebraska. It has 12 years of IRS 990 filings on record. Total revenue: $732K. No red flags identified. Financial health grade: B.
How does Independent Housing Inc 1700 Pasewalk Ave spend its money?
Independent Housing Inc 1700 Pasewalk Ave reported $732K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Independent Housing Inc 1700 Pasewalk Ave tax-deductible?
Independent Housing Inc 1700 Pasewalk Ave is registered as a tax-exempt nonprofit (EIN: 470607342). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Independent Housing Inc 1700 Pasewalk Ave located?
Independent Housing Inc 1700 Pasewalk Ave is headquartered in Norfolk, Nebraska and files with the IRS under EIN 470607342. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Independent Housing Inc 1700 Pasewalk Ave have?
Independent Housing Inc 1700 Pasewalk Ave has 12 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 $732K in total revenue.
Filing History
IRS 990 filing history for Independent Housing Inc 1700 Pasewalk Ave showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Independent Housing Inc 1700 Pasewalk Ave's revenue has grown by 25.7%, moving from $583K to $732K. Total assets increased by 55.3% over the same period, from $2.3M to $3.6M. Total functional expenses rose by 69.7%, from $477K to $809K. In its most recent filing year (2023), Independent Housing Inc 1700 Pasewalk Ave reported a deficit of $76K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $3.6M in assets (debt-to-asset ratio: 29.7%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $732K | $809K | $3.6M | $1.1M | — | View 990 |
| 2022 | $688K | $778K | $3.6M | $953K | — | View 990 |
| 2021 | $698K | $635K | $3.6M | $895K | — | View 990 |
| 2020 | $650K | $630K | $3.2M | $527K | — | View 990 |
| 2019 | $587K | $652K | $2.7M | $93K | — | View 990 |
| 2018 | $591K | $705K | $2.8M | $93K | — | — |
| 2017 | $909K | $600K | $3.3M | $472K | — | View 990 |
| 2016 | $607K | $556K | $2.6M | $91K | — | View 990 |
| 2015 | $626K | $596K | $2.5M | $88K | — | View 990 |
| 2014 | $632K | $524K | $2.5M | $102K | — | View 990 |
| 2013 | $617K | $503K | $2.4M | $95K | — | View 990 |
| 2012 | $583K | $477K | $2.3M | $136K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $732K, expenses of $809K, and assets of $3.6M (revenue +6.4% year-over-year).
- 2022: Revenue of $688K, expenses of $778K, and assets of $3.6M (revenue -1.4% year-over-year).
- 2021: Revenue of $698K, expenses of $635K, and assets of $3.6M (revenue +7.3% year-over-year).
- 2020: Revenue of $650K, expenses of $630K, and assets of $3.2M (revenue +10.8% year-over-year).
- 2019: Revenue of $587K, expenses of $652K, and assets of $2.7M (revenue -0.7% year-over-year).
- 2018: Revenue of $591K, expenses of $705K, and assets of $2.8M (revenue -35.0% year-over-year).
- 2017: Revenue of $909K, expenses of $600K, and assets of $3.3M (revenue +49.8% year-over-year).
- 2016: Revenue of $607K, expenses of $556K, and assets of $2.6M (revenue -3.0% year-over-year).
- 2015: Revenue of $626K, expenses of $596K, and assets of $2.5M (revenue -1.0% year-over-year).
- 2014: Revenue of $632K, expenses of $524K, and assets of $2.5M (revenue +2.5% year-over-year).
- 2013: Revenue of $617K, expenses of $503K, and assets of $2.4M (revenue +5.9% year-over-year).
- 2012: Revenue of $583K, expenses of $477K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Housing Inc 1700 Pasewalk Ave:
Data Sources and Methodology
This transparency report for Independent Housing Inc 1700 Pasewalk Ave 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.