Ithaca Neighborhood Housing Services Inc
Ithaca Neighborhood Housing Services: Strong Asset Base, Fluctuating Revenue
EIN: 222141948 · Ithaca, NY · NTEE: L20Z · Updated: 2026-04-04
About Ithaca Neighborhood Housing Services Inc
Ithaca Neighborhood Housing Services Inc (EIN: 222141948) is a nonprofit organization based in Ithaca, NY, classified under NTEE code L20Z. The organization reported total revenue of $10.1M and total assets of $52.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ithaca Neighborhood Housing Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ithaca Neighborhood Housing Services Inc with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Ithaca Neighborhood Housing Services Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the consistent 0% related party compensation suggests no obvious conflicts of interest.
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 Ithaca Neighborhood Housing Services Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $19.2M in 2017 to $5.0M in 2018) could pose budgeting challenges.
- The 'x' value (expenses) has remained relatively stable despite large revenue swings, indicating potential operational rigidity or consistent program delivery regardless of income.
Strengths
The following positive indicators were identified for Ithaca Neighborhood Housing Services Inc:
- Consistent growth in total assets from $23.6M in 2016 to $52.7M in 2023 demonstrates strong financial management and long-term stability.
- The organization consistently reports 0% compensation from related parties, indicating good governance and transparency.
- A healthy asset-to-liability ratio, with assets significantly exceeding liabilities across all years, suggests robust financial solvency.
Frequently Asked Questions about Ithaca Neighborhood Housing Services Inc
What does Ithaca Neighborhood Housing Services Inc do?
Ithaca Neighborhood Housing Services Inc is a nonprofit organization in the Housing & Shelter sector, located in Ithaca, New York. It is classified under NTEE code L20Z.
How much revenue does Ithaca Neighborhood Housing Services Inc have?
Ithaca Neighborhood Housing Services Inc reported total revenue of $10,092,162. Based on 13 IRS 990 filings on record.
What are Ithaca Neighborhood Housing Services Inc's total assets?
Ithaca Neighborhood Housing Services Inc holds total assets of $52,749,466 as reported in IRS 990 filings.
Where is Ithaca Neighborhood Housing Services Inc located?
Ithaca Neighborhood Housing Services Inc is based in Ithaca, New York.
What is Ithaca Neighborhood Housing Services Inc's EIN?
Ithaca Neighborhood Housing Services Inc's Employer Identification Number (EIN) is 222141948. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ithaca Neighborhood Housing Services Inc?
Ithaca Neighborhood Housing Services Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Ithaca Neighborhood Housing Services Inc a registered 501(c)(3)?
Yes, Ithaca Neighborhood Housing Services Inc is recognized as a tax-exempt organization by the IRS. EIN: 222141948.
Does Ithaca Neighborhood Housing Services Inc file IRS Form 990?
Yes, Ithaca Neighborhood Housing Services Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ithaca Neighborhood Housing Services Inc's revenue in 2023?
In the 202312 filing period, Ithaca Neighborhood Housing Services Inc reported total revenue of $6,024,786, total expenses of $5,042,480, and net assets of $46,703,589.
Is Ithaca Neighborhood Housing Services Inc's revenue growing or declining?
Ithaca Neighborhood Housing Services Inc's revenue is declining. Revenue went from $7,288,232 (202212) to $6,024,786 (202312), a -17.3% change. Based on 13 filings on record.
What is Ithaca Neighborhood Housing Services Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ithaca Neighborhood Housing Services Inc covers tax period 202312. It shows revenue of $6,024,786, expenses of $5,042,480, total assets of $46,703,589, and liabilities of $5,401,002.
How much does Ithaca Neighborhood Housing Services Inc spend on programs vs administration?
Based on IRS 990 analysis, Ithaca Neighborhood Housing Services Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Ithaca Neighborhood Housing Services Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ithaca Neighborhood Housing Services Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Ithaca Neighborhood Housing Services Inc?
The following concerns were identified: Significant year-over-year revenue volatility (e.g., $19.2M in 2017 to $5.0M in 2018) could pose budgeting challenges.. The 'x' value (expenses) has remained relatively stable despite large revenue swings, indicating potential operational rigidity or consistent program delivery regardless of income.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ithaca Neighborhood Housing Services Inc's strengths?
Positive indicators for Ithaca Neighborhood Housing Services Inc include: Consistent growth in total assets from $23.6M in 2016 to $52.7M in 2023 demonstrates strong financial management and long-term stability.. The organization consistently reports 0% compensation from related parties, indicating good governance and transparency.. A healthy asset-to-liability ratio, with assets significantly exceeding liabilities across all years, suggests robust financial solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Ithaca Neighborhood Housing Services Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the consistent 0% related party compensation suggests no obvious conflicts of interest. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial increase in total assets from $23.6M in 2016 to $52.7M in 2023, what specific strategies or investments contributed most to this growth, and how are these assets being leveraged to further the mission?
The data indicates a consistent accumulation of assets, likely through property acquisition and development, which aligns with a housing services mission. Further analysis of specific asset categories would clarify the exact nature of these investments and their direct impact on housing initiatives.
Filing History
IRS 990 filing history for Ithaca Neighborhood Housing Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ithaca Neighborhood Housing Services Inc's revenue has grown by 41.8%, moving from $4.2M to $6.0M. Total assets increased by 178% over the same period, from $16.8M to $46.7M. Total functional expenses rose by 64.9%, from $3.1M to $5.0M. In its most recent filing year (2023), Ithaca Neighborhood Housing Services Inc reported a surplus of $982K, with revenue exceeding expenses. The organization holds $5.4M in liabilities against $46.7M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $41.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.0M | $5.0M | $46.7M | $5.4M | — | — |
| 2022 | $7.3M | $5.4M | $52.4M | $9.6M | — | View 990 |
| 2021 | $10.1M | $5.5M | $49.4M | $8.3M | — | View 990 |
| 2020 | $5.5M | $5.5M | $43.1M | $6.6M | — | — |
| 2019 | $5.0M | $4.3M | $40.8M | $4.3M | — | View 990 |
| 2018 | $5.0M | $4.3M | $36.9M | $1.8M | — | View 990 |
| 2017 | $19.2M | $4.5M | $37.2M | $3.0M | — | View 990 |
| 2016 | $5.3M | $5.0M | $23.6M | $4.1M | — | View 990 |
| 2015 | $6.1M | $5.1M | $25.4M | $6.3M | — | View 990 |
| 2014 | $5.4M | $4.0M | $25.3M | $7.2M | — | View 990 |
| 2013 | $6.1M | $4.0M | $23.1M | $6.4M | — | View 990 |
| 2012 | $3.7M | $2.5M | $19.7M | $5.2M | — | View 990 |
| 2011 | $4.2M | $3.1M | $16.8M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.0M, expenses of $5.0M, and assets of $46.7M (revenue -17.3% year-over-year).
- 2022: Revenue of $7.3M, expenses of $5.4M, and assets of $52.4M (revenue -27.6% year-over-year).
- 2021: Revenue of $10.1M, expenses of $5.5M, and assets of $49.4M (revenue +83.3% year-over-year).
- 2020: Revenue of $5.5M, expenses of $5.5M, and assets of $43.1M (revenue +9.3% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.3M, and assets of $40.8M (revenue +0.5% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.3M, and assets of $36.9M (revenue -74.0% year-over-year).
- 2017: Revenue of $19.2M, expenses of $4.5M, and assets of $37.2M (revenue +263.3% year-over-year).
- 2016: Revenue of $5.3M, expenses of $5.0M, and assets of $23.6M (revenue -12.6% year-over-year).
- 2015: Revenue of $6.1M, expenses of $5.1M, and assets of $25.4M (revenue +11.9% year-over-year).
- 2014: Revenue of $5.4M, expenses of $4.0M, and assets of $25.3M (revenue -11.9% year-over-year).
- 2013: Revenue of $6.1M, expenses of $4.0M, and assets of $23.1M (revenue +66.6% year-over-year).
- 2012: Revenue of $3.7M, expenses of $2.5M, and assets of $19.7M (revenue -13.1% year-over-year).
- 2011: Revenue of $4.2M, expenses of $3.1M, and assets of $16.8M.
Data Sources and Methodology
This transparency report for Ithaca Neighborhood Housing Services 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.