Indiana Alpha Housing Corporation
EIN: 454826767 · Minneapolis, MN · NTEE: B83
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Net Assets | $274K |
Is Indiana Alpha Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Indiana Alpha Housing Corporation
Indiana Alpha Housing Corporation (EIN: 454826767) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code B83. The organization reported total revenue of $1.1M and total assets of $154K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Indiana Alpha Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Indiana Alpha Housing Corporation is a mid-size nonprofit that has been operating for 13 years, with 10 years of IRS 990 filings on record (2012–2022).
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $917K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-174,088 |
| Total Assets | $383K |
| Total Liabilities | $110K |
| Net Assets | $274K |
| Operating Margin | -19.0% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 4.2 months |
Financial Health Grade: B
In 2022, Indiana Alpha Housing Corporation reported a deficit of $174K with expenses exceeding revenue, holds 4.2 months of operating reserves (adequate), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +7.6% | +91.6% | -15.1% |
| 2020 | +24.4% | -12.0% | +259.9% |
| 2019 | +25.0% | +9.4% | +44.3% |
| 2018 | -6.2% | +3.5% | -84.0% |
| 2017 | -5.9% | -4.5% | +455.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Indiana Alpha Housing Corporation 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 Indiana Alpha Housing Corporation 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $174K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.6%.
Frequently Asked Questions about Indiana Alpha Housing Corporation
Is Indiana Alpha Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Indiana Alpha Housing Corporation (EIN: 454826767) insufficient data. 0 red flags identified, 0 strengths noted.
How does Indiana Alpha Housing Corporation spend its money?
Detailed spending breakdown data is not yet available for Indiana Alpha Housing Corporation. Check back for updated IRS 990 analysis.
Are donations to Indiana Alpha Housing Corporation tax-deductible?
Indiana Alpha Housing Corporation is registered as a tax-exempt nonprofit (EIN: 454826767). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Indiana Alpha Housing Corporation located?
Indiana Alpha Housing Corporation is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 454826767. It is classified under NTEE code B83.
How many years of IRS 990 filings does Indiana Alpha Housing Corporation have?
Indiana Alpha Housing Corporation has 10 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Indiana Alpha Housing Corporation showing financial trends over 10 years of public records:
In its most recent filing year (2022), Indiana Alpha Housing Corporation reported a deficit of $174K, with expenses exceeding revenue. The organization holds $110K in liabilities against $383K in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $274K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $917K | $1.1M | $383K | $110K | — | View 990 |
| 2020 | $852K | $570K | $451K | $113K | — | View 990 |
| 2019 | $685K | $647K | $125K | $72K | — | View 990 |
| 2018 | $548K | $591K | $87K | $72K | — | View 990 |
| 2017 | $585K | $572K | $542K | $484K | — | View 990 |
| 2016 | $621K | $599K | $98K | $52K | — | View 990 |
| 2015 | $545K | $554K | $500K | $477K | — | View 990 |
| 2014 | $634K | $600K | $95K | $63K | — | View 990 |
| 2013 | $505K | $506K | $51K | $53K | — | View 990 |
| 2012 | $0 | $0 | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $917K, expenses of $1.1M, and assets of $383K (revenue +7.6% year-over-year).
- 2020: Revenue of $852K, expenses of $570K, and assets of $451K (revenue +24.4% year-over-year).
- 2019: Revenue of $685K, expenses of $647K, and assets of $125K (revenue +25.0% year-over-year).
- 2018: Revenue of $548K, expenses of $591K, and assets of $87K (revenue -6.2% year-over-year).
- 2017: Revenue of $585K, expenses of $572K, and assets of $542K (revenue -5.9% year-over-year).
- 2016: Revenue of $621K, expenses of $599K, and assets of $98K (revenue +14.0% year-over-year).
- 2015: Revenue of $545K, expenses of $554K, and assets of $500K (revenue -14.1% year-over-year).
- 2014: Revenue of $634K, expenses of $600K, and assets of $95K (revenue +25.7% year-over-year).
- 2013: Revenue of $505K, expenses of $506K, and assets of $51K.
- 2012: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Indiana Alpha Housing Corporation:
Data Sources and Methodology
This transparency report for Indiana Alpha Housing Corporation 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.