Massachusetts Affordable Housing Alliance Inc
Massachusetts Affordable Housing Alliance: Strong Growth, High Programmatic Spending
EIN: 223042637 · Dorchester, MA · NTEE: L20I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.7M |
| Total Expenses | $2.0M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $5.8M |
| Transparency Score | 85/100 |
Is Massachusetts Affordable Housing Alliance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Massachusetts Affordable Housing Alliance Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Massachusetts Affordable Housing Alliance Inc
Massachusetts Affordable Housing Alliance Inc (EIN: 223042637) is a nonprofit organization based in Dorchester, MA, classified under NTEE code L20I. The organization reported total revenue of $6.7M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Affordable Housing Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massachusetts Affordable Housing Alliance Inc is a mid-size nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $7.1M |
| Total Liabilities | $1.3M |
| Net Assets | $5.8M |
| Operating Margin | 45.3% |
| Debt-to-Asset Ratio | 18.6% |
| Months of Reserves | 43.0 months |
Financial Health Grade: A
In 2023, Massachusetts Affordable Housing Alliance Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 43.0 months of operating reserves (strong position), has a debt-to-asset ratio of 18.6% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Massachusetts Affordable Housing Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.3% | +26.4% | +28.7% |
| 2022 | +106.8% | +16.9% | +26.0% |
| 2021 | +34.6% | +5.7% | -0.4% |
| 2020 | -33.4% | +15.6% | -7.1% |
| 2019 | +71.8% | +8.6% | +7.6% |
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 Massachusetts Affordable Housing Alliance 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Massachusetts Affordable Housing Alliance Inc allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% 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 $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or externally funded leadership structure, which is highly favorable for donor confidence.
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 Massachusetts Affordable Housing Alliance Inc:
- Consistently high percentage of expenses dedicated to programs (89% in 2023).
- Significant revenue growth from $868,862 in 2018 to $6,722,743 in 2023.
- Healthy asset growth from $4,384,567 in 2018 to $9,177,995 in 2023.
- Zero reported executive compensation, maximizing funds for mission-related activities.
Frequently Asked Questions about Massachusetts Affordable Housing Alliance Inc
Is Massachusetts Affordable Housing Alliance Inc a legitimate charity?
Massachusetts Affordable Housing Alliance Inc (EIN: 223042637) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $6.7M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Massachusetts Affordable Housing Alliance Inc spend its money?
Massachusetts Affordable Housing Alliance Inc directs 89% of its spending to programs and services. Fundraising costs 6%. This exceeds the 65% industry benchmark.
Are donations to Massachusetts Affordable Housing Alliance Inc tax-deductible?
Massachusetts Affordable Housing Alliance Inc is registered as a tax-exempt nonprofit (EIN: 223042637). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Massachusetts Affordable Housing Alliance Inc CEO make?
Massachusetts Affordable Housing Alliance Inc's highest-compensated officer earns $0 annually. The organization reported $6.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Massachusetts Affordable Housing Alliance Inc's spending goes to programs?
Massachusetts Affordable Housing Alliance Inc directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Massachusetts Affordable Housing Alliance Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Massachusetts Affordable Housing Alliance Inc is above average for NTEE category L20I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Massachusetts Affordable Housing Alliance Inc located?
Massachusetts Affordable Housing Alliance Inc is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 223042637. It is classified under NTEE code L20I.
How many years of IRS 990 filings does Massachusetts Affordable Housing Alliance Inc have?
Massachusetts Affordable Housing Alliance Inc has 12 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 $6.7M in total revenue.
What does Massachusetts Affordable Housing Alliance Inc do?
Massachusetts Affordable Housing Alliance Inc is a nonprofit organization in the Housing & Shelter sector, located in Dorchester, Massachusetts. It is classified under NTEE code L20I.
How much revenue does Massachusetts Affordable Housing Alliance Inc have?
Massachusetts Affordable Housing Alliance Inc reported total revenue of $6,722,743. Based on 12 IRS 990 filings on record.
What are Massachusetts Affordable Housing Alliance Inc's total assets?
Massachusetts Affordable Housing Alliance Inc holds total assets of $9,177,995 as reported in IRS 990 filings.
Where is Massachusetts Affordable Housing Alliance Inc located?
Massachusetts Affordable Housing Alliance Inc is based in Dorchester, Massachusetts.
What is Massachusetts Affordable Housing Alliance Inc's EIN?
Massachusetts Affordable Housing Alliance Inc's Employer Identification Number (EIN) is 223042637. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Massachusetts Affordable Housing Alliance Inc?
Massachusetts Affordable Housing Alliance Inc is classified under NTEE code L20I (Housing & Shelter).
Is Massachusetts Affordable Housing Alliance Inc a registered 501(c)(3)?
Yes, Massachusetts Affordable Housing Alliance Inc is recognized as a tax-exempt organization by the IRS. EIN: 223042637.
Does Massachusetts Affordable Housing Alliance Inc file IRS Form 990?
Yes, Massachusetts Affordable Housing Alliance Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Massachusetts Affordable Housing Alliance Inc's revenue in 2023?
In the 202303 filing period, Massachusetts Affordable Housing Alliance Inc reported total revenue of $3,608,110, total expenses of $1,974,885, and net assets of $7,079,806.
Is Massachusetts Affordable Housing Alliance Inc's revenue growing or declining?
Massachusetts Affordable Housing Alliance Inc's revenue is growing. Revenue went from $2,769,557 (202203) to $3,608,110 (202303), a +30.3% change. Based on 12 filings on record.
What is Massachusetts Affordable Housing Alliance Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Massachusetts Affordable Housing Alliance Inc covers tax period 202303. It shows revenue of $3,608,110, expenses of $1,974,885, total assets of $7,079,806, and liabilities of $1,313,826.
How much does Massachusetts Affordable Housing Alliance Inc spend on programs vs administration?
Based on IRS 990 analysis, Massachusetts Affordable Housing Alliance Inc allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Massachusetts Affordable Housing Alliance Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Massachusetts Affordable Housing Alliance Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Massachusetts Affordable Housing Alliance Inc's strengths?
Positive indicators for Massachusetts Affordable Housing Alliance Inc include: Consistently high percentage of expenses dedicated to programs (89% in 2023).. Significant revenue growth from $868,862 in 2018 to $6,722,743 in 2023.. Healthy asset growth from $4,384,567 in 2018 to $9,177,995 in 2023.. Zero reported executive compensation, maximizing funds for mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Massachusetts Affordable Housing Alliance Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led or externally funded leadership structure, which is highly favorable for donor confidence. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does the organization sustain its leadership and operational management?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation suggests that leadership roles may be filled by volunteers, or compensated through alternative means not reported in this section of the Form 990, such as through grants or other entities. Further investigation into their operational model would be beneficial.
What factors contributed to the substantial revenue increase from $1,338,949 in 2021 to $6,722,743 in 2023?
The significant revenue increase from 2021 to 2023 (over 400%) indicates a major expansion in funding sources, potentially through large grants, successful fundraising campaigns, or increased government support for affordable housing initiatives. Analyzing their grant disclosures or annual reports would provide more specific details.
Filing History
IRS 990 filing history for Massachusetts Affordable Housing Alliance Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Massachusetts Affordable Housing Alliance Inc's revenue has grown by 234.2%, moving from $1.1M to $3.6M. Total assets increased by 93.8% over the same period, from $3.7M to $7.1M. Total functional expenses rose by 113.2%, from $926K to $2.0M. In its most recent filing year (2023), Massachusetts Affordable Housing Alliance Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $7.1M in assets (debt-to-asset ratio: 18.6%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $2.0M | $7.1M | $1.3M | — | — |
| 2022 | $2.8M | $1.6M | $5.5M | $1.4M | — | View 990 |
| 2021 | $1.3M | $1.3M | $4.4M | $1.4M | — | — |
| 2020 | $995K | $1.3M | $4.4M | $1.5M | — | View 990 |
| 2019 | $1.5M | $1.1M | $4.7M | $1.5M | — | View 990 |
| 2018 | $869K | $1.0M | $4.4M | $1.6M | — | — |
| 2017 | $994K | $1.1M | $4.6M | $1.6M | — | View 990 |
| 2016 | $2.2M | $1.1M | $1.3M | $913K | — | View 990 |
| 2015 | $724K | $973K | $3.7M | $1.0M | — | View 990 |
| 2014 | $1.2M | $946K | $3.8M | $1.0M | — | View 990 |
| 2013 | $586K | $874K | $3.5M | $1.1M | — | View 990 |
| 2012 | $1.1M | $926K | $3.7M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $2.0M, and assets of $7.1M (revenue +30.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $1.6M, and assets of $5.5M (revenue +106.8% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $4.4M (revenue +34.6% year-over-year).
- 2020: Revenue of $995K, expenses of $1.3M, and assets of $4.4M (revenue -33.4% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.1M, and assets of $4.7M (revenue +71.8% year-over-year).
- 2018: Revenue of $869K, expenses of $1.0M, and assets of $4.4M (revenue -12.6% year-over-year).
- 2017: Revenue of $994K, expenses of $1.1M, and assets of $4.6M (revenue -54.0% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.1M, and assets of $1.3M (revenue +198.6% year-over-year).
- 2015: Revenue of $724K, expenses of $973K, and assets of $3.7M (revenue -38.0% year-over-year).
- 2014: Revenue of $1.2M, expenses of $946K, and assets of $3.8M (revenue +99.1% year-over-year).
- 2013: Revenue of $586K, expenses of $874K, and assets of $3.5M (revenue -45.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $926K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massachusetts Affordable Housing Alliance Inc:
Data Sources and Methodology
This transparency report for Massachusetts Affordable Housing Alliance 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.