Lake Charles Non Profit Housing Development Corporation
Lake Charles Non Profit Housing Development Corporation reports substantial assets but minimal to zero expenses in recent years.
EIN: 205877253 · Lake Charles, LA · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $527K |
| Program Spending | 100% |
| Net Assets | $7.3M |
| Transparency Score | 40/100 |
Is Lake Charles Non Profit Housing Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Charles Non Profit Housing Development Corporation directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Charles Non Profit Housing Development Corporation
Lake Charles Non Profit Housing Development Corporation (EIN: 205877253) is a nonprofit organization based in Lake Charles, LA, classified under NTEE code L21. The organization reported total revenue of $527K and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Charles Non Profit Housing Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Charles Non Profit Housing Development Corporation is a small nonprofit that has been operating for 18 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $201K |
| Total Expenses | $0 |
| Surplus / Deficit | +$201K |
| Total Assets | $9.5M |
| Total Liabilities | $2.1M |
| Net Assets | $7.3M |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 22.4% |
Financial Health Grade: A
In 2023, Lake Charles Non Profit Housing Development Corporation reported a surplus of $201K with revenue exceeding expenses, has a debt-to-asset ratio of 22.4% (moderate leverage).
Financial Trends
Over 5 years of filings (2019–2023), Lake Charles Non Profit Housing Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +89.0% | — | +12.8% |
| 2022 | -11.6% | — | +6.4% |
| 2021 | -95.2% | -100.0% | -8.8% |
| 2020 | +1695.7% | -73.7% | +95.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Lake Charles Non Profit Housing Development Corporation with a Mission Score of 40 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: 0%
- programs: 100%
- fundraising: 0%
According to IRS 990 filings, Lake Charles Non Profit Housing Development Corporation allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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:
- Debt-to-asset ratio: 22.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive team or that executive compensation is managed and reported through a separate, related entity.
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 Lake Charles Non Profit Housing Development Corporation's IRS 990 filings:
- Consistent reporting of $0 expenses in multiple years (2023, 2022, 2021) despite significant assets and revenue, raising questions about operational transparency.
- Significant fluctuations in revenue without corresponding clear expense patterns, making financial stability and operational scale difficult to assess.
- Lack of detailed expense breakdown, hindering analysis of program efficiency and administrative overhead.
Strengths
The following positive indicators were identified for Lake Charles Non Profit Housing Development Corporation:
- Maintains a strong and growing asset base, reaching $11,862,624 in the latest filing.
- No reported officer compensation, potentially indicating a highly volunteer-driven leadership or efficient use of resources if compensation is handled externally.
Frequently Asked Questions about Lake Charles Non Profit Housing Development Corporation
Is Lake Charles Non Profit Housing Development Corporation a legitimate charity?
Lake Charles Non Profit Housing Development Corporation (EIN: 205877253) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 40/100. It has 5 years of IRS 990 filings on record. Total revenue: $527K. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Lake Charles Non Profit Housing Development Corporation spend its money?
Lake Charles Non Profit Housing Development Corporation directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lake Charles Non Profit Housing Development Corporation tax-deductible?
Lake Charles Non Profit Housing Development Corporation is registered as a tax-exempt nonprofit (EIN: 205877253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lake Charles Non Profit Housing Development Corporation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Lake Charles Non Profit Housing Development Corporation is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Charles Non Profit Housing Development Corporation located?
Lake Charles Non Profit Housing Development Corporation is headquartered in Lake Charles, Louisiana and files with the IRS under EIN 205877253. It is classified under NTEE code L21.
How many years of IRS 990 filings does Lake Charles Non Profit Housing Development Corporation have?
Lake Charles Non Profit Housing Development Corporation has 5 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 $527K in total revenue.
How does Lake Charles Non Profit Housing Development Corporation operate with $0 reported expenses in multiple years?
The IRS 990 filings for 2023, 2022, and 2021 show $0 in reported expenses, which is highly unusual for an organization with significant assets and revenue. This could indicate that expenses are being absorbed by a related entity, miscategorized, or that the organization's activities are primarily capital-intensive without significant operational overhead reported on the 990.
What is the nature of the organization's housing development activities given the minimal reported expenses?
With an NTEE code for Housing Development and substantial assets, one would expect to see significant program expenses related to construction, management, or support. The absence of these expenses in the filings makes it difficult to ascertain the scope and impact of its housing development work.
Why is there no officer compensation reported across all filings?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that compensation for executives is paid by a related organization and not directly reported on this entity's 990.
Filing History
IRS 990 filing history for Lake Charles Non Profit Housing Development Corporation showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Lake Charles Non Profit Housing Development Corporation's revenue has grown by 43.4%, moving from $140K to $201K. Total assets increased by 114.5% over the same period, from $4.4M to $9.5M. Total functional expenses fell by 100%, from $48K to $0. The organization holds $2.1M in liabilities against $9.5M in assets (debt-to-asset ratio: 22.4%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $201K | $0 | $9.5M | $2.1M | — | View 990 |
| 2022 | $106K | $0 | $8.4M | $1.2M | — | View 990 |
| 2021 | $120K | $0 | $7.9M | $850K | — | View 990 |
| 2020 | $2.5M | $13K | $8.6M | $1.7M | — | View 990 |
| 2019 | $140K | $48K | $4.4M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $201K, expenses of $0, and assets of $9.5M (revenue +89.0% year-over-year).
- 2022: Revenue of $106K, expenses of $0, and assets of $8.4M (revenue -11.6% year-over-year).
- 2021: Revenue of $120K, expenses of $0, and assets of $7.9M (revenue -95.2% year-over-year).
- 2020: Revenue of $2.5M, expenses of $13K, and assets of $8.6M (revenue +1695.7% year-over-year).
- 2019: Revenue of $140K, expenses of $48K, and assets of $4.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Charles Non Profit Housing Development Corporation:
Data Sources and Methodology
This transparency report for Lake Charles Non Profit Housing Development 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.