Lamoille Housing Partnership Inc
Lamoille Housing Partnership Inc: Transparent and Effective Use of Funds
EIN: 223177209 · Morrisville, VT · NTEE: L20Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $3.4M |
| Program Spending | 65% |
| Net Assets | $3.1M |
| Transparency Score | 95/100 |
Is Lamoille Housing Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lamoille Housing Partnership Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lamoille Housing Partnership Inc
Lamoille Housing Partnership Inc (EIN: 223177209) is a nonprofit organization based in Morrisville, VT, classified under NTEE code L20Z. The organization reported total revenue of $5.1M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lamoille Housing Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lamoille Housing Partnership Inc is a mid-size nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $3.4M |
| Surplus / Deficit | +$908K |
| Total Assets | $4.8M |
| Total Liabilities | $1.7M |
| Net Assets | $3.1M |
| Operating Margin | 20.8% |
| Debt-to-Asset Ratio | 34.6% |
| Months of Reserves | 16.7 months |
Financial Health Grade: A
In 2023, Lamoille Housing Partnership Inc reported a surplus of $908K with revenue exceeding expenses, holds 16.7 months of operating reserves (strong position), has a debt-to-asset ratio of 34.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lamoille Housing Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +22.7% | -1.4% | +24.6% |
| 2022 | +431.5% | +453.6% | +4.5% |
| 2021 | -40.3% | -8.1% | +4.9% |
| 2020 | +48.7% | -13.6% | +14.0% |
| 2019 | -14.6% | +71.2% | +2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Lamoille Housing Partnership Inc with a Mission Score of 95 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: 20%
- programs: 65%
- fundraising: 15%
According to IRS 990 filings, Lamoille Housing Partnership Inc allocates its expenses as follows: admin: 20%, programs: 65%, fundraising: 15%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $908K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.6%.
Executive Compensation Analysis
Executive compensation remains at a modest level, reflecting the nonprofit's commitment to fiscal responsibility.
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 Lamoille Housing Partnership Inc's IRS 990 filings:
- No significant changes in spending categories over the past five years.
Strengths
The following positive indicators were identified for Lamoille Housing Partnership Inc:
- Consistent and transparent financial reporting, with clear allocation of funds to programs.
Frequently Asked Questions about Lamoille Housing Partnership Inc
Is Lamoille Housing Partnership Inc a legitimate charity?
Lamoille Housing Partnership Inc (EIN: 223177209) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.1M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Lamoille Housing Partnership Inc spend its money?
Lamoille Housing Partnership Inc directs 65% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Lamoille Housing Partnership Inc tax-deductible?
Lamoille Housing Partnership Inc is registered as a tax-exempt nonprofit (EIN: 223177209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lamoille Housing Partnership Inc's spending goes to programs?
Lamoille Housing Partnership Inc directs 65% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Lamoille Housing Partnership Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Lamoille Housing Partnership Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lamoille Housing Partnership Inc located?
Lamoille Housing Partnership Inc is headquartered in Morrisville, Vermont and files with the IRS under EIN 223177209. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Lamoille Housing Partnership Inc have?
Lamoille Housing Partnership Inc has 13 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 $5.1M in total revenue.
What does Lamoille Housing Partnership Inc do?
Lamoille Housing Partnership Inc is a nonprofit organization in the Housing & Shelter sector, located in Morrisville, Vermont. It is classified under NTEE code L20Z.
How much revenue does Lamoille Housing Partnership Inc have?
Lamoille Housing Partnership Inc reported total revenue of $5,119,875. Based on 13 IRS 990 filings on record.
What are Lamoille Housing Partnership Inc's total assets?
Lamoille Housing Partnership Inc holds total assets of $9,311,323 as reported in IRS 990 filings.
Where is Lamoille Housing Partnership Inc located?
Lamoille Housing Partnership Inc is based in Morrisville, Vermont.
What is Lamoille Housing Partnership Inc's EIN?
Lamoille Housing Partnership Inc's Employer Identification Number (EIN) is 223177209. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lamoille Housing Partnership Inc?
Lamoille Housing Partnership Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Lamoille Housing Partnership Inc a registered 501(c)(3)?
Yes, Lamoille Housing Partnership Inc is recognized as a tax-exempt organization by the IRS. EIN: 223177209.
Does Lamoille Housing Partnership Inc file IRS Form 990?
Yes, Lamoille Housing Partnership Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Lamoille Housing Partnership Inc's revenue in 2023?
In the 202306 filing period, Lamoille Housing Partnership Inc reported total revenue of $4,354,207, total expenses of $3,446,394, and net assets of $4,783,671.
Is Lamoille Housing Partnership Inc's revenue growing or declining?
Lamoille Housing Partnership Inc's revenue is growing. Revenue went from $3,549,386 (202206) to $4,354,207 (202306), a +22.7% change. Based on 13 filings on record.
What is Lamoille Housing Partnership Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lamoille Housing Partnership Inc covers tax period 202306. It shows revenue of $4,354,207, expenses of $3,446,394, total assets of $4,783,671, and liabilities of $1,653,992.
How much does Lamoille Housing Partnership Inc spend on programs vs administration?
Based on IRS 990 analysis, Lamoille Housing Partnership Inc allocates approximately 65% of expenses to program services, 20% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Lamoille Housing Partnership Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lamoille Housing Partnership Inc appears trustworthy. Mission Score: 95/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Lamoille Housing Partnership Inc?
The following concerns were identified: No significant changes in spending categories over the past five years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lamoille Housing Partnership Inc's strengths?
Positive indicators for Lamoille Housing Partnership Inc include: Consistent and transparent financial reporting, with clear allocation of funds to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Lamoille Housing Partnership Inc compensate executives?
Executive compensation remains at a modest level, reflecting the nonprofit's commitment to fiscal responsibility. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Lamoille Housing Partnership Inc?
1. Detailed breakdown of expenditures shows a consistent allocation towards housing programs. 2. Administrative costs are kept low, indicating efficient operations. 3. Fundraising efforts are minimal, suggesting a focus on direct service delivery. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What percentage of funds are allocated to administrative costs, and how does this compare to previous years?
Administrative costs account for 20% of the budget, which has remained consistent over the past five years, indicating efficient operations.
How does Lamoille Housing Partnership ensure transparency in its financial reporting?
Lamoille Housing Partnership provides detailed financial reports and a clear breakdown of expenditures, allowing stakeholders to understand how funds are allocated to programs, administration, and fundraising.
What is the rationale behind the low level of fundraising efforts?
The organization prioritizes direct service delivery over fundraising, focusing on maintaining a low overhead and ensuring that the majority of funds go towards housing programs.
Filing History
IRS 990 filing history for Lamoille Housing Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lamoille Housing Partnership Inc's revenue has grown by 911.4%, moving from $431K to $4.4M. Total assets increased by 284.8% over the same period, from $1.2M to $4.8M. Total functional expenses rose by 287.7%, from $889K to $3.4M. In its most recent filing year (2023), Lamoille Housing Partnership Inc reported a surplus of $908K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $4.8M in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $3.4M | $4.8M | $1.7M | — | View 990 |
| 2022 | $3.5M | $3.5M | $3.8M | $1.6M | — | View 990 |
| 2021 | $668K | $632K | $3.7M | $1.6M | — | — |
| 2020 | $1.1M | $687K | $3.5M | $1.5M | — | View 990 |
| 2019 | $753K | $796K | $3.1M | $1.6M | — | View 990 |
| 2018 | $881K | $465K | $3.0M | $1.5M | — | View 990 |
| 2017 | $1.1M | $369K | $3.1M | $2.1M | — | View 990 |
| 2016 | $197K | $350K | $678K | $313K | — | View 990 |
| 2015 | $1.4M | $1.3M | $831K | $312K | — | View 990 |
| 2014 | $1.1M | $971K | $1.3M | $258K | — | View 990 |
| 2013 | $966K | $995K | $1.2M | $231K | — | View 990 |
| 2012 | $507K | $574K | $1.1M | $227K | — | View 990 |
| 2011 | $431K | $889K | $1.2M | $278K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $3.4M, and assets of $4.8M (revenue +22.7% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.5M, and assets of $3.8M (revenue +431.5% year-over-year).
- 2021: Revenue of $668K, expenses of $632K, and assets of $3.7M (revenue -40.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $687K, and assets of $3.5M (revenue +48.7% year-over-year).
- 2019: Revenue of $753K, expenses of $796K, and assets of $3.1M (revenue -14.6% year-over-year).
- 2018: Revenue of $881K, expenses of $465K, and assets of $3.0M (revenue -18.6% year-over-year).
- 2017: Revenue of $1.1M, expenses of $369K, and assets of $3.1M (revenue +450.1% year-over-year).
- 2016: Revenue of $197K, expenses of $350K, and assets of $678K (revenue -85.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $831K (revenue +27.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $971K, and assets of $1.3M (revenue +9.7% year-over-year).
- 2013: Revenue of $966K, expenses of $995K, and assets of $1.2M (revenue +90.7% year-over-year).
- 2012: Revenue of $507K, expenses of $574K, and assets of $1.1M (revenue +17.7% year-over-year).
- 2011: Revenue of $431K, expenses of $889K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lamoille Housing Partnership Inc:
Data Sources and Methodology
This transparency report for Lamoille Housing Partnership 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.