Margaret B Mack Supportive Housingcorporation
Margaret B Mack Supportive Housingcorporation consistently operates at a deficit, drawing down assets over the past decade.
EIN: 208411466 · New Haven, CT · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $209K |
| Total Expenses | $233K |
| Program Spending | 80% |
| Net Assets | $2.4M |
| Transparency Score | 70/100 |
Is Margaret B Mack Supportive Housingcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Margaret B Mack Supportive Housingcorporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Margaret B Mack Supportive Housingcorporation
Margaret B Mack Supportive Housingcorporation (EIN: 208411466) is a nonprofit organization based in New Haven, CT, classified under NTEE code L21. The organization reported total revenue of $209K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Margaret B Mack Supportive Housingcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Margaret B Mack Supportive Housingcorporation 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 -8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $186K |
| Total Expenses | $233K |
| Surplus / Deficit | $-47,146 |
| Total Assets | $2.6M |
| Total Liabilities | $240K |
| Net Assets | $2.4M |
| Operating Margin | -25.4% |
| Debt-to-Asset Ratio | 9.1% |
| Months of Reserves | 136.2 months |
Financial Health Grade: B
In 2023, Margaret B Mack Supportive Housingcorporation reported a deficit of $47K with expenses exceeding revenue, holds 136.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Margaret B Mack Supportive Housingcorporation's revenue has declined at a compound annual growth rate (CAGR) of -8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | -4.1% | -1.6% |
| 2022 | +3.8% | +1.1% | -1.5% |
| 2021 | -3.6% | -4.0% | -2.3% |
| 2020 | -0.2% | -0.2% | -2.0% |
| 2019 | +2.7% | +3.4% | -1.1% |
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 Margaret B Mack Supportive Housingcorporation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Margaret B Mack Supportive Housingcorporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is positive for donor confidence regarding administrative overhead.
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 Margaret B Mack Supportive Housingcorporation's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported year (e.g., 2023 expenses $233,116 vs. revenue $185,970).
- Gradual but steady decline in total assets over the past decade (from $3,094,144 in 2014 to $2,646,227 in 2023).
Strengths
The following positive indicators were identified for Margaret B Mack Supportive Housingcorporation:
- No reported officer compensation, indicating efficient use of funds at the leadership level.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
- Substantial asset base relative to annual expenses, providing a financial buffer despite deficits.
Frequently Asked Questions about Margaret B Mack Supportive Housingcorporation
Is Margaret B Mack Supportive Housingcorporation a legitimate charity?
Margaret B Mack Supportive Housingcorporation (EIN: 208411466) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $209K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Margaret B Mack Supportive Housingcorporation spend its money?
Margaret B Mack Supportive Housingcorporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Margaret B Mack Supportive Housingcorporation tax-deductible?
Margaret B Mack Supportive Housingcorporation is registered as a tax-exempt nonprofit (EIN: 208411466). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Margaret B Mack Supportive Housingcorporation's spending goes to programs?
Margaret B Mack Supportive Housingcorporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Margaret B Mack Supportive Housingcorporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Margaret B Mack Supportive Housingcorporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Margaret B Mack Supportive Housingcorporation located?
Margaret B Mack Supportive Housingcorporation is headquartered in New Haven, Connecticut and files with the IRS under EIN 208411466. It is classified under NTEE code L21.
How many years of IRS 990 filings does Margaret B Mack Supportive Housingcorporation have?
Margaret B Mack Supportive Housingcorporation 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 $209K in total revenue.
How does Margaret B Mack Supportive Housingcorporation cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its existing asset base, as evidenced by the decline in assets from $3,094,144 in 2014 to $2,646,227 in 2023, while liabilities have remained relatively stable or decreased in recent years.
What is the long-term financial strategy given the sustained deficit spending?
The filings do not explicitly detail a long-term financial strategy. However, the consistent deficit spending suggests a need for either increased revenue generation or reduced expenses to achieve financial sustainability without further asset depletion.
Is the organization's asset base sufficient to sustain operations at current spending levels?
With assets of $2,646,227 and annual expenses around $230,000-$250,000, the organization has approximately 10-11 years of operating reserves at current deficit levels if no new revenue is generated. This provides a buffer, but the trend is not sustainable indefinitely.
Filing History
IRS 990 filing history for Margaret B Mack Supportive Housingcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Margaret B Mack Supportive Housingcorporation's revenue has declined by 64.2%, moving from $520K to $186K. Total assets decreased by 24.3% over the same period, from $3.5M to $2.6M. Total functional expenses rose by 7.9%, from $216K to $233K. In its most recent filing year (2023), Margaret B Mack Supportive Housingcorporation reported a deficit of $47K, with expenses exceeding revenue. The organization holds $240K in liabilities against $2.6M in assets (debt-to-asset ratio: 9.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $186K | $233K | $2.6M | $240K | — | View 990 |
| 2022 | $186K | $243K | $2.7M | $235K | — | View 990 |
| 2021 | $179K | $240K | $2.7M | $217K | — | — |
| 2020 | $186K | $250K | $2.8M | $219K | — | View 990 |
| 2019 | $186K | $251K | $2.8M | $210K | — | View 990 |
| 2018 | $181K | $243K | $2.9M | $176K | — | View 990 |
| 2017 | $174K | $240K | $2.9M | $2.2M | — | View 990 |
| 2016 | $171K | $249K | $3.0M | $2.2M | — | View 990 |
| 2015 | $170K | $241K | $3.0M | $2.2M | — | View 990 |
| 2014 | $166K | $263K | $3.1M | $2.2M | — | View 990 |
| 2013 | $170K | $267K | $3.2M | $2.2M | — | View 990 |
| 2012 | $118K | $228K | $3.3M | $2.2M | — | View 990 |
| 2011 | $520K | $216K | $3.5M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $186K, expenses of $233K, and assets of $2.6M (revenue +0.1% year-over-year).
- 2022: Revenue of $186K, expenses of $243K, and assets of $2.7M (revenue +3.8% year-over-year).
- 2021: Revenue of $179K, expenses of $240K, and assets of $2.7M (revenue -3.6% year-over-year).
- 2020: Revenue of $186K, expenses of $250K, and assets of $2.8M (revenue -0.2% year-over-year).
- 2019: Revenue of $186K, expenses of $251K, and assets of $2.8M (revenue +2.7% year-over-year).
- 2018: Revenue of $181K, expenses of $243K, and assets of $2.9M (revenue +4.4% year-over-year).
- 2017: Revenue of $174K, expenses of $240K, and assets of $2.9M (revenue +1.6% year-over-year).
- 2016: Revenue of $171K, expenses of $249K, and assets of $3.0M (revenue +0.5% year-over-year).
- 2015: Revenue of $170K, expenses of $241K, and assets of $3.0M (revenue +2.2% year-over-year).
- 2014: Revenue of $166K, expenses of $263K, and assets of $3.1M (revenue -1.9% year-over-year).
- 2013: Revenue of $170K, expenses of $267K, and assets of $3.2M (revenue +44.2% year-over-year).
- 2012: Revenue of $118K, expenses of $228K, and assets of $3.3M (revenue -77.4% year-over-year).
- 2011: Revenue of $520K, expenses of $216K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Margaret B Mack Supportive Housingcorporation:
Data Sources and Methodology
This transparency report for Margaret B Mack Supportive Housingcorporation 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.