Kceoc Housing Corporation
Kceoc Housing Corporation consistently operates at a deficit with declining assets but reports no officer compensation.
EIN: 205917733 · Barbourville, KY · NTEE: L11 · Updated: 2026-03-28
Is Kceoc Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kceoc Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kceoc Housing Corporation
Kceoc Housing Corporation (EIN: 205917733) is a nonprofit organization based in Barbourville, KY, classified under NTEE code L11. The organization reported total revenue of $160K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kceoc Housing Corporation'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 Kceoc Housing Corporation with a Mission Score of 75 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Kceoc Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Kceoc Housing Corporation consistently reports 0% officer compensation across all available filings, indicating a highly lean or volunteer-led executive structure, which is a strong positive for donor confidence.
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 Kceoc Housing Corporation's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, e.g., $180,714 expenses vs. $133,268 revenue in 2023.
- Gradual but consistent decline in total assets over the past decade, from $1,525,767 in 2014 to $1,281,140 in 2023.
Strengths
The following positive indicators were identified for Kceoc Housing Corporation:
- Consistently reports 0% officer compensation, indicating a highly efficient and lean executive structure.
- Maintains a substantial asset base ($1,281,140 in 2023) relative to its annual revenue, providing financial stability despite deficits.
- Low and stable liabilities in recent years (e.g., $18,412 in 2023), indicating good debt management.
Frequently Asked Questions about Kceoc Housing Corporation
Is Kceoc Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Kceoc Housing Corporation (EIN: 205917733) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Kceoc Housing Corporation spend its money?
Kceoc Housing Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kceoc Housing Corporation tax-deductible?
Kceoc Housing Corporation is registered as a tax-exempt nonprofit (EIN: 205917733). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Kceoc Housing Corporation financially sustainable given its consistent operating deficits?
While the organization has consistently reported expenses exceeding revenue (e.g., $180,714 expenses vs. $133,268 revenue in 2023), its substantial asset base ($1,281,140 in 2023) provides a buffer. However, this trend of operating at a deficit is not sustainable long-term without drawing down assets or increasing revenue.
What is the reason for the consistent decline in assets over the past decade?
The organization's assets have steadily decreased from $1,525,767 in 2014 to $1,281,140 in 2023. This decline is likely linked to the consistent operating deficits, where expenses exceed revenue, requiring the organization to use its existing assets to cover the shortfall.
How does Kceoc Housing Corporation manage to operate with 0% officer compensation?
Reporting 0% officer compensation suggests that the organization's top leadership either serves on a volunteer basis, or their compensation is categorized differently (e.g., as regular employee salaries if they are not considered 'officers' in the IRS definition), or the organization is very small and relies heavily on external support or other staff for operations.
Filing History
IRS 990 filing history for Kceoc Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kceoc Housing Corporation's revenue has grown by 54.3%, moving from $86K to $133K. Total assets decreased by 26.2% over the same period, from $1.7M to $1.3M. Total functional expenses rose by 11.2%, from $163K to $181K. In its most recent filing year (2023), Kceoc Housing Corporation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $18K in liabilities against $1.3M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $181K | $1.3M | $18K | — | View 990 |
| 2022 | $126K | $164K | $1.3M | $14K | — | View 990 |
| 2021 | $127K | $164K | $1.4M | $9K | — | View 990 |
| 2020 | $122K | $155K | $1.4M | $6K | — | View 990 |
| 2019 | $119K | $159K | $1.4M | $10K | — | View 990 |
| 2018 | $120K | $165K | $1.5M | $6K | — | View 990 |
| 2017 | $119K | $144K | $1.5M | $6K | — | View 990 |
| 2016 | $111K | $187K | $1.4M | $1.7M | — | View 990 |
| 2015 | $109K | $168K | $1.5M | $1.7M | — | View 990 |
| 2014 | $101K | $167K | $1.5M | $1.7M | — | View 990 |
| 2013 | $114K | $169K | $1.6M | $1.8M | — | View 990 |
| 2012 | $95K | $174K | $1.7M | $1.8M | — | View 990 |
| 2011 | $86K | $163K | $1.7M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $181K, and assets of $1.3M (revenue +5.6% year-over-year).
- 2022: Revenue of $126K, expenses of $164K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2021: Revenue of $127K, expenses of $164K, and assets of $1.4M (revenue +4.0% year-over-year).
- 2020: Revenue of $122K, expenses of $155K, and assets of $1.4M (revenue +2.3% year-over-year).
- 2019: Revenue of $119K, expenses of $159K, and assets of $1.4M (revenue -1.2% year-over-year).
- 2018: Revenue of $120K, expenses of $165K, and assets of $1.5M (revenue +1.2% year-over-year).
- 2017: Revenue of $119K, expenses of $144K, and assets of $1.5M (revenue +7.7% year-over-year).
- 2016: Revenue of $111K, expenses of $187K, and assets of $1.4M (revenue +1.6% year-over-year).
- 2015: Revenue of $109K, expenses of $168K, and assets of $1.5M (revenue +8.1% year-over-year).
- 2014: Revenue of $101K, expenses of $167K, and assets of $1.5M (revenue -11.9% year-over-year).
- 2013: Revenue of $114K, expenses of $169K, and assets of $1.6M (revenue +20.8% year-over-year).
- 2012: Revenue of $95K, expenses of $174K, and assets of $1.7M (revenue +9.5% year-over-year).
- 2011: Revenue of $86K, expenses of $163K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Kceoc 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.