Keene Downtown Housing Corporation
Keene Downtown Housing Corporation maintains strong assets with minimal liabilities and no executive compensation, despite fluctuating revenues.
EIN: 20364019 · Keene, NH · NTEE: S31Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28K |
| Total Expenses | $457 |
| Program Spending | 90% |
| CEO/Top Officer Pay | $687,259 |
| Net Assets | $660K |
| Transparency Score | 85/100 |
Is Keene Downtown Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keene Downtown Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keene Downtown Housing Corporation
Keene Downtown Housing Corporation (EIN: 20364019) is a nonprofit organization based in Keene, NH, classified under NTEE code S31Z. The organization reported total revenue of $28K and total assets of $687K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keene Downtown Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keene Downtown Housing Corporation is a micro nonprofit that has been operating for 44 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -18.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3K |
| Total Expenses | $457 |
| Surplus / Deficit | +$2K |
| Total Assets | $660K |
| Net Assets | $660K |
| Operating Margin | 82.5% |
| Months of Reserves | 17322.1 months |
Financial Health Grade: A
In 2023, Keene Downtown Housing Corporation reported a surplus of $2K with revenue exceeding expenses, holds 17322.1 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Keene Downtown Housing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -18.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.7% | +297.4% | +0.3% |
| 2022 | -17.5% | -99.8% | +0.5% |
| 2021 | -49.4% | +26141.7% | -6.9% |
| 2020 | -64.8% | -98.7% | +1.1% |
| 2019 | +68.8% | +55.8% | +0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Keene Downtown Housing Corporation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Keene Downtown Housing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is either entirely volunteer-run at the executive level or operates with no paid officers, which is highly efficient for an organization of its size with $687,259 in assets.
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 Keene Downtown Housing Corporation's IRS 990 filings:
- Significant unexplained expense spike in 2021 ($52,221) relative to typical operating costs.
- Fluctuating and relatively low revenue streams, which could impact long-term program sustainability if not supplemented by asset income.
Strengths
The following positive indicators were identified for Keene Downtown Housing Corporation:
- Strong financial health with $687,259 in assets and consistently $0 in liabilities.
- Exceptional spending efficiency with 0% officer compensation reported across all filings.
- High program spending ratio, estimated at 90%, indicating a strong focus on mission-related activities.
- Long operational history with 14 filings, suggesting stability and commitment.
Frequently Asked Questions about Keene Downtown Housing Corporation
Is Keene Downtown Housing Corporation a legitimate charity?
Keene Downtown Housing Corporation (EIN: 20364019) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $28K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Keene Downtown Housing Corporation spend its money?
Keene Downtown Housing Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Keene Downtown Housing Corporation tax-deductible?
Keene Downtown Housing Corporation is registered as a tax-exempt nonprofit (EIN: 20364019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Keene Downtown Housing Corporation CEO make?
Keene Downtown Housing Corporation's highest-compensated officer earns $687,259 annually. The organization reported $28K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Keene Downtown Housing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Keene Downtown Housing Corporation is above average for NTEE category S31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Keene Downtown Housing Corporation located?
Keene Downtown Housing Corporation is headquartered in Keene, New Hampshire and files with the IRS under EIN 20364019. It is classified under NTEE code S31Z.
How many years of IRS 990 filings does Keene Downtown Housing Corporation have?
Keene Downtown Housing Corporation has 14 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 $28K in total revenue.
What caused the significant expense spike of $52,221 in 2021?
The IRS 990 filings show an unusual expense of $52,221 in 2021, which is significantly higher than other years. Further detail from the full 990 form would be needed to understand if this was a one-time program expenditure, a capital improvement, or an administrative anomaly.
How does Keene Downtown Housing Corporation generate its revenue, given the fluctuations?
Revenue has varied significantly, from $2,605 in 2023 to $21,819 in 2019. The filings do not specify revenue sources, but the low and inconsistent amounts suggest it might come from property rentals, small grants, or investment income rather than broad public fundraising.
What specific programs does the organization operate with its assets?
With assets of $687,259 and an NTEE code of S31Z (Housing Development, Construction & Management), it's likely the organization owns and manages housing properties. The low expenses in most years suggest a focus on maintenance and management rather than extensive new development or social services.
Filing History
IRS 990 filing history for Keene Downtown Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Keene Downtown Housing Corporation's revenue has declined by 92.9%, moving from $37K to $3K. Total assets increased by 4.3% over the same period, from $632K to $660K. Total functional expenses fell by 37.3%, from $729 to $457. In its most recent filing year (2023), Keene Downtown Housing Corporation reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3K | $457 | $660K | $0 | — | — |
| 2022 | $3K | $115 | $658K | $0 | — | View 990 |
| 2021 | $4K | $52K | $654K | $0 | — | — |
| 2020 | $8K | $199 | $703K | $0 | — | View 990 |
| 2019 | $22K | $16K | $695K | $0 | — | View 990 |
| 2018 | $13K | $10K | $689K | $0 | — | View 990 |
| 2017 | $19K | $10K | $687K | $0 | — | View 990 |
| 2016 | $17K | $10K | $677K | $0 | — | View 990 |
| 2015 | $15K | $18K | $670K | $0 | — | View 990 |
| 2014 | $19K | $300 | $674K | $0 | — | View 990 |
| 2013 | $14K | $418 | $655K | $0 | — | View 990 |
| 2012 | $19K | $3K | $641K | $0 | — | View 990 |
| 2011 | $19K | $25K | $626K | $0 | — | View 990 |
| 2010 | $37K | $729 | $632K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3K, expenses of $457, and assets of $660K (revenue -18.7% year-over-year).
- 2022: Revenue of $3K, expenses of $115, and assets of $658K (revenue -17.5% year-over-year).
- 2021: Revenue of $4K, expenses of $52K, and assets of $654K (revenue -49.4% year-over-year).
- 2020: Revenue of $8K, expenses of $199, and assets of $703K (revenue -64.8% year-over-year).
- 2019: Revenue of $22K, expenses of $16K, and assets of $695K (revenue +68.8% year-over-year).
- 2018: Revenue of $13K, expenses of $10K, and assets of $689K (revenue -33.7% year-over-year).
- 2017: Revenue of $19K, expenses of $10K, and assets of $687K (revenue +14.3% year-over-year).
- 2016: Revenue of $17K, expenses of $10K, and assets of $677K (revenue +13.4% year-over-year).
- 2015: Revenue of $15K, expenses of $18K, and assets of $670K (revenue -22.4% year-over-year).
- 2014: Revenue of $19K, expenses of $300, and assets of $674K (revenue +41.7% year-over-year).
- 2013: Revenue of $14K, expenses of $418, and assets of $655K (revenue -27.0% year-over-year).
- 2012: Revenue of $19K, expenses of $3K, and assets of $641K (revenue -0.3% year-over-year).
- 2011: Revenue of $19K, expenses of $25K, and assets of $626K (revenue -48.7% year-over-year).
- 2010: Revenue of $37K, expenses of $729, and assets of $632K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Keene Downtown Housing Corporation:
Data Sources and Methodology
This transparency report for Keene Downtown 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.