Joshua A B Moore Housing Inc
Joshua A B Moore Housing Inc faces persistent operating deficits and declining assets amidst stable, high liabilities.
EIN: 205891734 · Washington, NC · NTEE: L22 · Updated: 2026-03-28
Is Joshua A B Moore Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Joshua A B Moore Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Joshua A B Moore Housing Inc
Joshua A B Moore Housing Inc (EIN: 205891734) is a nonprofit organization based in Washington, NC, classified under NTEE code L22. The organization reported total revenue of $509K and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Joshua A B Moore Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Joshua A B Moore Housing Inc is a small nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $466K |
| Total Expenses | $552K |
| Surplus / Deficit | $-85,942 |
| Total Assets | $3.6M |
| Total Liabilities | $4.9M |
| Net Assets | $-1,386,947 |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 139.0% |
| Months of Reserves | 77.4 months |
Financial Health Grade: C
In 2023, Joshua A B Moore Housing Inc reported a deficit of $86K with expenses exceeding revenue, holds 77.4 months of operating reserves (strong position), has a debt-to-asset ratio of 139.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Joshua A B Moore Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | -0.6% | -2.1% |
| 2022 | +0.9% | +0.2% | -3.4% |
| 2021 | -0.5% | +9.0% | -3.1% |
| 2020 | +9.1% | +4.0% | -1.7% |
| 2019 | +16.1% | +9.6% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Joshua A B Moore Housing Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Joshua A B Moore Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $86K, with expenses exceeding revenue.
- Debt-to-asset ratio: 139.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a strong positive for resource allocation directly to the organization's mission given its size and financial challenges.
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 Joshua A B Moore Housing Inc's IRS 990 filings:
- Persistent operating deficits: Expenses consistently exceed revenue, indicating an unsustainable financial model (e.g., 2023: $551,882 expenses vs. $465,940 revenue).
- Declining asset base: Assets have decreased by over $900,000 in a decade, from $4,459,964 in 2014 to $3,557,620 in 2023.
- High and stable liabilities: Liabilities consistently hover around $4.9 million, creating a significant debt burden relative to declining assets.
- Negative net assets: Liabilities ($4,944,567 in 2023) significantly exceed assets ($3,557,620 in 2023), indicating a negative net asset position.
Strengths
The following positive indicators were identified for Joshua A B Moore Housing Inc:
- No officer compensation: 0% officer compensation reported across all filings, ensuring resources are not diverted to executive salaries.
- Consistent filing history: 12 filings indicate a commitment to IRS compliance and transparency.
- Clear mission focus: NTEE code L22 (Housing Development, Construction & Management) indicates a direct focus on housing services.
Frequently Asked Questions about Joshua A B Moore Housing Inc
Is Joshua A B Moore Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Joshua A B Moore Housing Inc (EIN: 205891734) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Joshua A B Moore Housing Inc spend its money?
Joshua A B Moore Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Joshua A B Moore Housing Inc tax-deductible?
Joshua A B Moore Housing Inc is registered as a tax-exempt nonprofit (EIN: 205891734). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Joshua A B Moore Housing Inc financially sustainable?
The organization has consistently operated at a deficit for the past decade, with expenses exceeding revenue. For example, in 2023, expenses were $551,882 against revenues of $465,940. This trend, coupled with declining assets and stable, high liabilities, raises significant concerns about its long-term financial sustainability without a change in its financial model.
How does the organization cover its operating deficits?
With consistent operating deficits, the organization appears to be drawing down its assets, which have decreased from $4,459,964 in 2014 to $3,557,620 in 2023, or relying on other unspecified funding sources to cover the gap between its revenues and expenses.
What is the trend in the organization's assets and liabilities?
Assets have steadily declined over the past decade, from $4,459,964 in 2014 to $3,557,620 in 2023. Liabilities have remained consistently high, around $4.9 million, indicating a significant debt burden relative to its declining asset base.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating that no officers received compensation from the organization.
What is the NTEE code for Joshua A B Moore Housing Inc?
The NTEE code is L22, which stands for Housing Development, Construction & Management, indicating its primary focus on providing housing-related services.
Filing History
IRS 990 filing history for Joshua A B Moore Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Joshua A B Moore Housing Inc's revenue has grown by 123.9%, moving from $208K to $466K. Total assets decreased by 23.8% over the same period, from $4.7M to $3.6M. Total functional expenses rose by 76.6%, from $312K to $552K. In its most recent filing year (2023), Joshua A B Moore Housing Inc reported a deficit of $86K, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $3.6M in assets (debt-to-asset ratio: 139.0%), resulting in net assets of $-1,386,947.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $466K | $552K | $3.6M | $4.9M | — | — |
| 2022 | $430K | $555K | $3.6M | $4.9M | — | View 990 |
| 2021 | $426K | $554K | $3.8M | $4.9M | — | View 990 |
| 2020 | $428K | $508K | $3.9M | $4.9M | — | View 990 |
| 2019 | $392K | $489K | $3.9M | $4.9M | — | View 990 |
| 2018 | $338K | $446K | $4.0M | $4.9M | — | View 990 |
| 2017 | $329K | $425K | $4.1M | $4.9M | — | View 990 |
| 2016 | $297K | $354K | $4.3M | $4.9M | — | View 990 |
| 2015 | $262K | $412K | $4.3M | $4.9M | — | View 990 |
| 2014 | $228K | $333K | $4.5M | $4.9M | — | View 990 |
| 2013 | $220K | $335K | $4.6M | $4.9M | — | View 990 |
| 2012 | $208K | $312K | $4.7M | $4.9M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $466K, expenses of $552K, and assets of $3.6M (revenue +8.5% year-over-year).
- 2022: Revenue of $430K, expenses of $555K, and assets of $3.6M (revenue +0.9% year-over-year).
- 2021: Revenue of $426K, expenses of $554K, and assets of $3.8M (revenue -0.5% year-over-year).
- 2020: Revenue of $428K, expenses of $508K, and assets of $3.9M (revenue +9.1% year-over-year).
- 2019: Revenue of $392K, expenses of $489K, and assets of $3.9M (revenue +16.1% year-over-year).
- 2018: Revenue of $338K, expenses of $446K, and assets of $4.0M (revenue +2.6% year-over-year).
- 2017: Revenue of $329K, expenses of $425K, and assets of $4.1M (revenue +11.1% year-over-year).
- 2016: Revenue of $297K, expenses of $354K, and assets of $4.3M (revenue +13.4% year-over-year).
- 2015: Revenue of $262K, expenses of $412K, and assets of $4.3M (revenue +14.7% year-over-year).
- 2014: Revenue of $228K, expenses of $333K, and assets of $4.5M (revenue +3.8% year-over-year).
- 2013: Revenue of $220K, expenses of $335K, and assets of $4.6M (revenue +5.7% year-over-year).
- 2012: Revenue of $208K, expenses of $312K, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Joshua A B Moore Housing Inc:
Data Sources and Methodology
This transparency report for Joshua A B Moore Housing 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.