Kent Affordable Housing Inc
Kent Affordable Housing Inc: Stable Assets, Consistent Mission, but Transparency Lacking
EIN: 223036664 · Kent, CT · NTEE: L21Z · Updated: 2026-04-04
Is Kent Affordable Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kent Affordable Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kent Affordable Housing Inc
Kent Affordable Housing Inc (EIN: 223036664) is a nonprofit organization based in Kent, CT, classified under NTEE code L21Z. The organization reported total revenue of $952K and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kent Affordable Housing Inc is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $590K |
| Total Expenses | $718K |
| Surplus / Deficit | $-128,923 |
| Total Assets | $6.0M |
| Total Liabilities | $3.8M |
| Net Assets | $2.2M |
| Operating Margin | -21.9% |
| Debt-to-Asset Ratio | 63.0% |
| Months of Reserves | 100.6 months |
Financial Health Grade: C
In 2023, Kent Affordable Housing Inc reported a deficit of $129K with expenses exceeding revenue, holds 100.6 months of operating reserves (strong position), has a debt-to-asset ratio of 63.0% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Kent Affordable Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.1% | +6.2% | -1.8% |
| 2022 | +16.2% | -1.5% | +0.1% |
| 2021 | -62.3% | +13.8% | -1.0% |
| 2020 | +64.1% | +230.5% | +84.9% |
| 2019 | -47.9% | +93.2% | +16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Kent Affordable Housing 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, Kent Affordable Housing 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $129K, with expenses exceeding revenue.
- Debt-to-asset ratio: 63.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data.
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 Kent Affordable Housing Inc's IRS 990 filings:
- Lack of detailed spending breakdown beyond general expenses makes it difficult to ascertain specific program efficiency.
- Absence of executive compensation details prevents a thorough assessment of leadership costs.
- The provided data does not include a narrative or impact report, making it challenging to understand the full scope of their affordable housing initiatives.
Strengths
The following positive indicators were identified for Kent Affordable Housing Inc:
- Consistent revenue generation over several years, indicating stable operations.
- Significant asset base (e.g., $5,974,597 in 2023) suggests strong financial foundation for housing initiatives.
- Low liability-to-asset ratio (e.g., $3,791,348 liabilities vs. $6,021,761 assets in 2023) indicates good financial health.
Frequently Asked Questions about Kent Affordable Housing Inc
Is Kent Affordable Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent Affordable Housing Inc (EIN: 223036664) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Kent Affordable Housing Inc spend its money?
Kent Affordable Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Kent Affordable Housing Inc tax-deductible?
Kent Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 223036664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Kent Affordable Housing Inc do?
Kent Affordable Housing Inc is a nonprofit organization in the Housing & Shelter sector, located in Kent, Connecticut. It is classified under NTEE code L21Z.
How much revenue does Kent Affordable Housing Inc have?
Kent Affordable Housing Inc reported total revenue of $951,951. Based on 12 IRS 990 filings on record.
What are Kent Affordable Housing Inc's total assets?
Kent Affordable Housing Inc holds total assets of $5,974,597 as reported in IRS 990 filings.
Where is Kent Affordable Housing Inc located?
Kent Affordable Housing Inc is based in Kent, Connecticut.
What is Kent Affordable Housing Inc's EIN?
Kent Affordable Housing Inc's Employer Identification Number (EIN) is 223036664. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kent Affordable Housing Inc?
Kent Affordable Housing Inc is classified under NTEE code L21Z (Housing & Shelter).
Is Kent Affordable Housing Inc a registered 501(c)(3)?
Yes, Kent Affordable Housing Inc is recognized as a tax-exempt organization by the IRS. EIN: 223036664.
Does Kent Affordable Housing Inc file IRS Form 990?
Yes, Kent Affordable Housing Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202304.
What was Kent Affordable Housing Inc's revenue in 2023?
In the 202304 filing period, Kent Affordable Housing Inc reported total revenue of $589,550, total expenses of $718,473, and net assets of $6,021,761.
Is Kent Affordable Housing Inc's revenue growing or declining?
Kent Affordable Housing Inc's revenue is growing. Revenue went from $550,488 (202204) to $589,550 (202304), a +7.1% change. Based on 12 filings on record.
What is Kent Affordable Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kent Affordable Housing Inc covers tax period 202304. It shows revenue of $589,550, expenses of $718,473, total assets of $6,021,761, and liabilities of $3,791,348.
How much does Kent Affordable Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Kent Affordable Housing Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Kent Affordable Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kent Affordable Housing Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Kent Affordable Housing Inc?
The following concerns were identified: Lack of detailed spending breakdown beyond general expenses makes it difficult to ascertain specific program efficiency.. Absence of executive compensation details prevents a thorough assessment of leadership costs.. The provided data does not include a narrative or impact report, making it challenging to understand the full scope of their affordable housing initiatives.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kent Affordable Housing Inc's strengths?
Positive indicators for Kent Affordable Housing Inc include: Consistent revenue generation over several years, indicating stable operations.. Significant asset base (e.g., $5,974,597 in 2023) suggests strong financial foundation for housing initiatives.. Low liability-to-asset ratio (e.g., $3,791,348 liabilities vs. $6,021,761 assets in 2023) indicates good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Kent Affordable Housing Inc compensate executives?
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Kent Affordable Housing Inc?
No detailed program spending breakdown available in provided data. Lack of specific executive compensation figures. Limited narrative on impact beyond financial statements. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Kent Affordable Housing Inc. ensure its housing remains affordable given fluctuating market conditions and operational costs?
The provided financial data indicates consistent revenue and asset growth, suggesting a stable financial model. However, without program-specific details or a narrative report, the exact mechanisms for maintaining affordability are not clear from this data alone.
What specific types of affordable housing projects does Kent Affordable Housing Inc. undertake, and what is their impact on the local community?
The provided data focuses on financial metrics and does not detail the types of housing projects or their specific community impact. Further information from annual reports or program descriptions would be needed to answer this.
Filing History
IRS 990 filing history for Kent Affordable Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Kent Affordable Housing Inc's revenue has grown by 77.6%, moving from $332K to $590K. Total assets increased by 516.7% over the same period, from $976K to $6.0M. Total functional expenses rose by 6664.6%, from $11K to $718K. In its most recent filing year (2023), Kent Affordable Housing Inc reported a deficit of $129K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $6.0M in assets (debt-to-asset ratio: 63.0%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $590K | $718K | $6.0M | $3.8M | — | View 990 |
| 2022 | $550K | $676K | $6.1M | $3.8M | — | View 990 |
| 2021 | $474K | $687K | $6.1M | $3.7M | — | View 990 |
| 2020 | $1.3M | $604K | $6.2M | $3.5M | — | View 990 |
| 2019 | $767K | $183K | $3.3M | $283K | — | View 990 |
| 2018 | $1.5M | $94K | $2.9M | $395K | — | View 990 |
| 2017 | $227K | $95K | $1.3M | $182K | — | View 990 |
| 2016 | $82K | $87K | $1.3M | $321K | — | View 990 |
| 2015 | $82K | $78K | $1.3M | $349K | — | View 990 |
| 2014 | $69K | $77K | $1.2M | $205K | — | View 990 |
| 2013 | $944K | $50K | $1.3M | $304K | — | View 990 |
| 2012 | $332K | $11K | $976K | $490K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $590K, expenses of $718K, and assets of $6.0M (revenue +7.1% year-over-year).
- 2022: Revenue of $550K, expenses of $676K, and assets of $6.1M (revenue +16.2% year-over-year).
- 2021: Revenue of $474K, expenses of $687K, and assets of $6.1M (revenue -62.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $604K, and assets of $6.2M (revenue +64.1% year-over-year).
- 2019: Revenue of $767K, expenses of $183K, and assets of $3.3M (revenue -47.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $94K, and assets of $2.9M (revenue +547.7% year-over-year).
- 2017: Revenue of $227K, expenses of $95K, and assets of $1.3M (revenue +178.3% year-over-year).
- 2016: Revenue of $82K, expenses of $87K, and assets of $1.3M (revenue -0.7% year-over-year).
- 2015: Revenue of $82K, expenses of $78K, and assets of $1.3M (revenue +18.6% year-over-year).
- 2014: Revenue of $69K, expenses of $77K, and assets of $1.2M (revenue -92.7% year-over-year).
- 2013: Revenue of $944K, expenses of $50K, and assets of $1.3M (revenue +184.3% year-over-year).
- 2012: Revenue of $332K, expenses of $11K, and assets of $976K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kent Affordable Housing Inc:
Data Sources and Methodology
This transparency report for Kent Affordable 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.