Local Community Housing Corporation
Local Community Housing Corporation consistently reports zero officer compensation but faces recurring operational deficits.
EIN: 204000503 · Tarpon Springs, FL · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $683K |
| Total Expenses | $766K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Local Community Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Local Community Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Local Community Housing Corporation
Local Community Housing Corporation (EIN: 204000503) is a nonprofit organization based in Tarpon Springs, FL, classified under NTEE code L11. The organization reported total revenue of $683K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Local Community Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Local Community Housing Corporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $536K |
| Total Expenses | $766K |
| Surplus / Deficit | $-229,784 |
| Total Assets | $1.1M |
| Total Liabilities | $1K |
| Net Assets | $1.1M |
| Operating Margin | -42.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 17.7 months |
Financial Health Grade: B
In 2023, Local Community Housing Corporation reported a deficit of $230K with expenses exceeding revenue, holds 17.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Local Community Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.6% | +7.6% | -16.9% |
| 2022 | +37.2% | +39.0% | -7.6% |
| 2021 | -21.8% | +9.8% | -4.9% |
| 2020 | -1.6% | -5.4% | +10.6% |
| 2019 | -24.9% | -15.5% | +5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Local Community 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, Local Community 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 deficit of $230K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means, which is highly favorable for directing funds to its mission.
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 Local Community Housing Corporation's IRS 990 filings:
- Recurring operational deficits (e.g., 2023 expenses $765,622 vs. revenue $535,838)
- Significant drop in revenue from 2016 ($1,168,753) to 2017 ($486,960) and subsequent years
Strengths
The following positive indicators were identified for Local Community Housing Corporation:
- Consistent zero officer compensation, maximizing funds for programs
- Strong program focus (NTEE Code L11 - Housing, Shelter)
- Long history of IRS 990 filings (13 filings), indicating transparency
- Stable asset base despite operational fluctuations
Frequently Asked Questions about Local Community Housing Corporation
Is Local Community Housing Corporation a legitimate charity?
Local Community Housing Corporation (EIN: 204000503) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $683K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Local Community Housing Corporation spend its money?
Local Community Housing Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Local Community Housing Corporation tax-deductible?
Local Community Housing Corporation is registered as a tax-exempt nonprofit (EIN: 204000503). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Local Community Housing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Local Community Housing Corporation is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Local Community Housing Corporation located?
Local Community Housing Corporation is headquartered in Tarpon Springs, Florida and files with the IRS under EIN 204000503. It is classified under NTEE code L11.
How many years of IRS 990 filings does Local Community Housing Corporation have?
Local Community Housing Corporation 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 $683K in total revenue.
Is Local Community Housing Corporation a good charity?
Based on the available data, Local Community Housing Corporation appears to be a good charity, particularly due to its consistent zero officer compensation, which maximizes funds for its mission. However, recurring operational deficits in recent years (e.g., $765,622 expenses vs. $535,838 revenue in 2023) warrant further investigation into its long-term financial sustainability.
How does Local Community Housing Corporation manage its operational deficits?
The organization has experienced several years where expenses exceeded revenue (e.g., 2023, 2022, 2021). While the data doesn't specify how these deficits are covered, it suggests a reliance on accumulated assets or other non-operating income sources to maintain operations and its asset base.
What is the trend in Local Community Housing Corporation's assets?
Local Community Housing Corporation's assets have shown relative stability, fluctuating between approximately $1.1 million and $1.5 million over the past decade, despite periods of operational deficits. This indicates a solid underlying asset base.
Filing History
IRS 990 filing history for Local Community Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Local Community Housing Corporation's revenue has grown by 70.3%, moving from $315K to $536K. Total assets increased by 326.1% over the same period, from $266K to $1.1M. Total functional expenses rose by 292.2%, from $195K to $766K. In its most recent filing year (2023), Local Community Housing Corporation reported a deficit of $230K, with expenses exceeding revenue. The organization holds $1K in liabilities against $1.1M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $536K | $766K | $1.1M | $1K | — | — |
| 2022 | $599K | $712K | $1.4M | $1K | — | View 990 |
| 2021 | $437K | $512K | $1.5M | $1K | — | View 990 |
| 2020 | $558K | $466K | $1.5M | $1K | — | View 990 |
| 2019 | $567K | $493K | $1.4M | $500 | — | View 990 |
| 2018 | $755K | $583K | $1.3M | $500 | — | — |
| 2017 | $487K | $518K | $1.2M | $1K | — | View 990 |
| 2016 | $1.2M | $469K | $1.2M | $1K | — | View 990 |
| 2015 | $303K | $426K | $486K | $500 | — | View 990 |
| 2014 | $303K | $371K | $613K | $1K | — | View 990 |
| 2013 | $6K | $33K | $635K | $1K | — | View 990 |
| 2012 | $409K | $163K | $701K | $40K | — | View 990 |
| 2011 | $315K | $195K | $266K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $536K, expenses of $766K, and assets of $1.1M (revenue -10.6% year-over-year).
- 2022: Revenue of $599K, expenses of $712K, and assets of $1.4M (revenue +37.2% year-over-year).
- 2021: Revenue of $437K, expenses of $512K, and assets of $1.5M (revenue -21.8% year-over-year).
- 2020: Revenue of $558K, expenses of $466K, and assets of $1.5M (revenue -1.6% year-over-year).
- 2019: Revenue of $567K, expenses of $493K, and assets of $1.4M (revenue -24.9% year-over-year).
- 2018: Revenue of $755K, expenses of $583K, and assets of $1.3M (revenue +55.1% year-over-year).
- 2017: Revenue of $487K, expenses of $518K, and assets of $1.2M (revenue -58.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $469K, and assets of $1.2M (revenue +285.8% year-over-year).
- 2015: Revenue of $303K, expenses of $426K, and assets of $486K (revenue +0.1% year-over-year).
- 2014: Revenue of $303K, expenses of $371K, and assets of $613K (revenue +5016.6% year-over-year).
- 2013: Revenue of $6K, expenses of $33K, and assets of $635K (revenue -98.6% year-over-year).
- 2012: Revenue of $409K, expenses of $163K, and assets of $701K (revenue +30.0% year-over-year).
- 2011: Revenue of $315K, expenses of $195K, and assets of $266K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Local Community Housing Corporation:
Data Sources and Methodology
This transparency report for Local Community 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.