Manchester Housing & Redevelopment Foundation Inc
Manchester Housing & Redevelopment Foundation Inc. consistently operates without officer compensation, utilizing assets to fund its mission.
EIN: 20457545 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $110K |
| Total Expenses | $153K |
| Program Spending | 90% |
| Net Assets | $796K |
| Transparency Score | 85/100 |
Is Manchester Housing & Redevelopment Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Manchester Housing & Redevelopment Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Manchester Housing & Redevelopment Foundation Inc
Manchester Housing & Redevelopment Foundation Inc (EIN: 20457545) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $110K and total assets of $737K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Manchester Housing & Redevelopment Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Manchester Housing & Redevelopment Foundation Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $300K |
| Total Expenses | $153K |
| Surplus / Deficit | +$148K |
| Total Assets | $833K |
| Total Liabilities | $36K |
| Net Assets | $796K |
| Operating Margin | 49.1% |
| Debt-to-Asset Ratio | 4.4% |
| Months of Reserves | 65.4 months |
Financial Health Grade: A
In 2023, Manchester Housing & Redevelopment Foundation Inc reported a surplus of $148K with revenue exceeding expenses, holds 65.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Manchester Housing & Redevelopment Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +237.7% | +15.5% | +26.0% |
| 2022 | -4.1% | +1.3% | -11.7% |
| 2021 | +42.9% | -0.3% | +2.2% |
| 2020 | -24.8% | -4.0% | -13.7% |
| 2019 | +28.9% | +10.9% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Manchester Housing & Redevelopment Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, Manchester Housing & Redevelopment Foundation Inc 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 $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and asset base.
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.
Strengths
The following positive indicators were identified for Manchester Housing & Redevelopment Foundation Inc:
- Consistent 0% officer compensation across all filings, indicating high efficiency.
- Strong asset base relative to liabilities ($832,563 assets vs. $36,437 liabilities in 202309).
- Significant revenue increase in the latest filing (202309) to $300,427.
- Positive operating surplus in the latest filing ($300,427 revenue vs. $152,874 expenses in 202309).
Frequently Asked Questions about Manchester Housing & Redevelopment Foundation Inc
Is Manchester Housing & Redevelopment Foundation Inc a legitimate charity?
Manchester Housing & Redevelopment Foundation Inc (EIN: 20457545) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $110K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Manchester Housing & Redevelopment Foundation Inc spend its money?
Manchester Housing & Redevelopment Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Manchester Housing & Redevelopment Foundation Inc tax-deductible?
Manchester Housing & Redevelopment Foundation Inc is registered as a tax-exempt nonprofit (EIN: 20457545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Manchester Housing & Redevelopment Foundation Inc located?
Manchester Housing & Redevelopment Foundation Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20457545.
How many years of IRS 990 filings does Manchester Housing & Redevelopment Foundation Inc have?
Manchester Housing & Redevelopment Foundation 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 $110K in total revenue.
Is Manchester Housing & Redevelopment Foundation Inc. a good charity?
Based on the available IRS 990 data, the Manchester Housing & Redevelopment Foundation Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating high efficiency in leadership costs. While it has historically spent more than it earned, drawing down on assets, the recent 202309 filing shows a significant revenue increase and a surplus, suggesting improved financial sustainability. Its strong asset-to-liability ratio also points to financial stability.
How does the organization fund its operations given historical revenue trends?
Historically, the organization has funded its operations by drawing down on its accumulated assets. For example, in 202209, expenses were $132,361 against revenue of $88,952. This trend of expenses exceeding revenue was common in earlier periods, indicating a strategic use of its endowment or reserves to support its mission.
What is the trend in the organization's assets?
The organization's assets have generally decreased over the past decade, from a high of $1,435,204 in 201409 to $660,990 in 202209. However, the most recent filing (202309) shows a positive rebound, with assets increasing to $832,563, suggesting a potential reversal of the previous trend.
Filing History
IRS 990 filing history for Manchester Housing & Redevelopment Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Manchester Housing & Redevelopment Foundation Inc's revenue has grown by 520.8%, moving from $48K to $300K. Total assets decreased by 51.2% over the same period, from $1.7M to $833K. Total functional expenses rose by 22.8%, from $125K to $153K. In its most recent filing year (2023), Manchester Housing & Redevelopment Foundation Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $36K in liabilities against $833K in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $796K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $300K | $153K | $833K | $36K | — | View 990 |
| 2022 | $89K | $132K | $661K | $12K | — | View 990 |
| 2021 | $93K | $131K | $749K | $57K | — | View 990 |
| 2020 | $65K | $131K | $733K | $3K | — | View 990 |
| 2019 | $86K | $136K | $850K | $54K | — | View 990 |
| 2018 | $67K | $123K | $847K | $708 | — | View 990 |
| 2017 | $98K | $126K | $902K | $275 | — | View 990 |
| 2016 | $93K | $166K | $980K | $50K | — | View 990 |
| 2015 | $62K | $117K | $1.4M | $9K | — | View 990 |
| 2014 | $58K | $120K | $1.4M | $0 | — | View 990 |
| 2013 | $47K | $117K | $1.5M | $0 | — | View 990 |
| 2012 | $57K | $133K | $1.7M | $95K | — | View 990 |
| 2011 | $48K | $125K | $1.7M | $63K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $300K, expenses of $153K, and assets of $833K (revenue +237.7% year-over-year).
- 2022: Revenue of $89K, expenses of $132K, and assets of $661K (revenue -4.1% year-over-year).
- 2021: Revenue of $93K, expenses of $131K, and assets of $749K (revenue +42.9% year-over-year).
- 2020: Revenue of $65K, expenses of $131K, and assets of $733K (revenue -24.8% year-over-year).
- 2019: Revenue of $86K, expenses of $136K, and assets of $850K (revenue +28.9% year-over-year).
- 2018: Revenue of $67K, expenses of $123K, and assets of $847K (revenue -31.4% year-over-year).
- 2017: Revenue of $98K, expenses of $126K, and assets of $902K (revenue +5.4% year-over-year).
- 2016: Revenue of $93K, expenses of $166K, and assets of $980K (revenue +48.3% year-over-year).
- 2015: Revenue of $62K, expenses of $117K, and assets of $1.4M (revenue +8.1% year-over-year).
- 2014: Revenue of $58K, expenses of $120K, and assets of $1.4M (revenue +23.6% year-over-year).
- 2013: Revenue of $47K, expenses of $117K, and assets of $1.5M (revenue -17.9% year-over-year).
- 2012: Revenue of $57K, expenses of $133K, and assets of $1.7M (revenue +17.4% year-over-year).
- 2011: Revenue of $48K, expenses of $125K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Manchester Housing & Redevelopment Foundation Inc:
Data Sources and Methodology
This transparency report for Manchester Housing & Redevelopment Foundation 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.