Massachusetts Fair Housing Center Inc
Massachusetts Fair Housing Center: Strong Mission, Financial Volatility
EIN: 223043308 · Holyoke, MA · NTEE: L00K · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $762K |
| Total Expenses | $565K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $346K |
| Transparency Score | 85/100 |
Is Massachusetts Fair Housing Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Massachusetts Fair Housing Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Massachusetts Fair Housing Center Inc
Massachusetts Fair Housing Center Inc (EIN: 223043308) is a nonprofit organization based in Holyoke, MA, classified under NTEE code L00K. The organization reported total revenue of $762K and total assets of $459K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Massachusetts Fair Housing Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Massachusetts Fair Housing Center Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $647K |
| Total Expenses | $565K |
| Surplus / Deficit | +$82K |
| Total Assets | $396K |
| Total Liabilities | $50K |
| Net Assets | $346K |
| Operating Margin | 12.7% |
| Debt-to-Asset Ratio | 12.7% |
| Months of Reserves | 8.4 months |
Financial Health Grade: A
In 2023, Massachusetts Fair Housing Center Inc reported a surplus of $82K with revenue exceeding expenses, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 12.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Massachusetts Fair Housing Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | -12.3% | +26.0% |
| 2022 | -2.4% | +10.6% | -24.4% |
| 2021 | +48.4% | +38.6% | +5.4% |
| 2020 | -1.2% | -3.2% | +1.5% |
| 2019 | -2.0% | +9.9% | -6.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Fair Housing Center 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Massachusetts Fair Housing Center Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $82K, with revenue exceeding expenses.
- Debt-to-asset ratio: 12.7%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is highly unusual for an organization of its size and suggests potential reporting discrepancies or an entirely volunteer-run leadership structure.
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 Massachusetts Fair Housing Center Inc's IRS 990 filings:
- Consistent reporting of $0 executive compensation raises a significant red flag regarding transparency and potential underreporting.
- Total expenses ($565,071 in 2023) have at times exceeded total revenue (e.g., 2022: revenue $571,866 vs. expenses $644,283), indicating periods of deficit spending.
- The 'L00K' designation for 'nt' (nonprofit type) is vague and requires clarification for a full understanding of its operational scope.
Strengths
The following positive indicators were identified for Massachusetts Fair Housing Center Inc:
- Significant growth in revenue, nearly doubling from $395,049 in 2020 to $761,657 in 2023, demonstrates increasing support and impact.
- Assets have shown consistent growth, from $393,927 in 2020 to $458,664 in 2023, indicating financial stability and capacity.
- The organization maintains a healthy asset-to-liability ratio, suggesting good financial management.
- The mission to promote fair housing is critical and directly addresses a significant societal need.
Frequently Asked Questions about Massachusetts Fair Housing Center Inc
Is Massachusetts Fair Housing Center Inc a legitimate charity?
Massachusetts Fair Housing Center Inc (EIN: 223043308) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $762K. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Massachusetts Fair Housing Center Inc spend its money?
Massachusetts Fair Housing Center Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Massachusetts Fair Housing Center Inc tax-deductible?
Massachusetts Fair Housing Center Inc is registered as a tax-exempt nonprofit (EIN: 223043308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Massachusetts Fair Housing Center Inc CEO make?
Massachusetts Fair Housing Center Inc's highest-compensated officer earns $0 annually. The organization reported $762K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Massachusetts Fair Housing Center Inc's spending goes to programs?
Massachusetts Fair Housing Center Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Massachusetts Fair Housing Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Massachusetts Fair Housing Center Inc is above average for NTEE category L00K nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Massachusetts Fair Housing Center Inc located?
Massachusetts Fair Housing Center Inc is headquartered in Holyoke, Massachusetts and files with the IRS under EIN 223043308. It is classified under NTEE code L00K.
How many years of IRS 990 filings does Massachusetts Fair Housing Center Inc have?
Massachusetts Fair Housing Center 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 $762K in total revenue.
What does Massachusetts Fair Housing Center Inc do?
Massachusetts Fair Housing Center Inc is a nonprofit organization in the Housing & Shelter sector, located in Holyoke, Massachusetts. It is classified under NTEE code L00K.
How much revenue does Massachusetts Fair Housing Center Inc have?
Massachusetts Fair Housing Center Inc reported total revenue of $761,657. Based on 13 IRS 990 filings on record.
What are Massachusetts Fair Housing Center Inc's total assets?
Massachusetts Fair Housing Center Inc holds total assets of $458,664 as reported in IRS 990 filings.
Where is Massachusetts Fair Housing Center Inc located?
Massachusetts Fair Housing Center Inc is based in Holyoke, Massachusetts.
What is Massachusetts Fair Housing Center Inc's EIN?
Massachusetts Fair Housing Center Inc's Employer Identification Number (EIN) is 223043308. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Massachusetts Fair Housing Center Inc?
Massachusetts Fair Housing Center Inc is classified under NTEE code L00K (Housing & Shelter).
Is Massachusetts Fair Housing Center Inc a registered 501(c)(3)?
Yes, Massachusetts Fair Housing Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 223043308.
Does Massachusetts Fair Housing Center Inc file IRS Form 990?
Yes, Massachusetts Fair Housing Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Massachusetts Fair Housing Center Inc's revenue in 2023?
In the 202312 filing period, Massachusetts Fair Housing Center Inc reported total revenue of $647,075, total expenses of $565,071, and net assets of $395,892.
Is Massachusetts Fair Housing Center Inc's revenue growing or declining?
Massachusetts Fair Housing Center Inc's revenue is growing. Revenue went from $571,866 (202212) to $647,075 (202312), a +13.2% change. Based on 13 filings on record.
What is Massachusetts Fair Housing Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Massachusetts Fair Housing Center Inc covers tax period 202312. It shows revenue of $647,075, expenses of $565,071, total assets of $395,892, and liabilities of $50,158.
How much does Massachusetts Fair Housing Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Massachusetts Fair Housing Center Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Massachusetts Fair Housing Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Massachusetts Fair Housing Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 4 strengths noted.
What are the red flags for Massachusetts Fair Housing Center Inc?
The following concerns were identified: Consistent reporting of $0 executive compensation raises a significant red flag regarding transparency and potential underreporting.. Total expenses ($565,071 in 2023) have at times exceeded total revenue (e.g., 2022: revenue $571,866 vs. expenses $644,283), indicating periods of deficit spending.. The 'L00K' designation for 'nt' (nonprofit type) is vague and requires clarification for a full understanding of its operational scope.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Massachusetts Fair Housing Center Inc's strengths?
Positive indicators for Massachusetts Fair Housing Center Inc include: Significant growth in revenue, nearly doubling from $395,049 in 2020 to $761,657 in 2023, demonstrates increasing support and impact.. Assets have shown consistent growth, from $393,927 in 2020 to $458,664 in 2023, indicating financial stability and capacity.. The organization maintains a healthy asset-to-liability ratio, suggesting good financial management.. The mission to promote fair housing is critical and directly addresses a significant societal need.. These findings are derived from AI analysis of the organization's financial filings.
How does Massachusetts Fair Housing Center Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is highly unusual for an organization of its size and suggests potential reporting discrepancies or an entirely volunteer-run leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Massachusetts Fair Housing Center Inc?
- The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual and requires further investigation. - Financial filings show a notable increase in total revenue from $395,049 in 2020 to $761,657 in 2023, indicating significant growth. - Liabilities have fluctuated, with a peak of $79,139 in 2021, but have generally remained manageable relative to assets. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, how does the organization attract and retain leadership, and what is the actual mechanism for compensating key personnel or covering their living expenses?
The consistent $0 executive compensation reported across all filings is highly unusual. It suggests either an entirely volunteer-run leadership, which is rare for an organization of this revenue size, or that compensation is being reported under different categories or through related entities, warranting further investigation into their operational structure and financial reporting practices.
What specific factors contributed to the substantial revenue increase from $395,049 in 2020 to $761,657 in 2023, and is this growth sustainable?
The significant revenue growth from 2020 to 2023 indicates successful fundraising or increased grant acquisition. Understanding the specific sources (e.g., new grants, increased individual donations, government funding) is crucial to assess the sustainability of this growth and its potential impact on future program expansion.
Filing History
IRS 990 filing history for Massachusetts Fair Housing Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Massachusetts Fair Housing Center Inc's revenue has grown by 117.3%, moving from $298K to $647K. Total assets increased by 53.6% over the same period, from $258K to $396K. Total functional expenses rose by 73.6%, from $325K to $565K. In its most recent filing year (2023), Massachusetts Fair Housing Center Inc reported a surplus of $82K, with revenue exceeding expenses. The organization holds $50K in liabilities against $396K in assets (debt-to-asset ratio: 12.7%), resulting in net assets of $346K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $647K | $565K | $396K | $50K | — | — |
| 2022 | $572K | $644K | $314K | $50K | — | View 990 |
| 2021 | $586K | $582K | $415K | $79K | — | View 990 |
| 2020 | $395K | $420K | $394K | $62K | — | View 990 |
| 2019 | $400K | $434K | $388K | $31K | — | View 990 |
| 2018 | $408K | $395K | $414K | $22K | — | View 990 |
| 2017 | $401K | $412K | $411K | $33K | — | View 990 |
| 2016 | $424K | $443K | $418K | $29K | — | View 990 |
| 2015 | $406K | $384K | $426K | $17K | — | View 990 |
| 2014 | $490K | $386K | $403K | $15K | — | View 990 |
| 2013 | $419K | $398K | $309K | $26K | — | View 990 |
| 2012 | $460K | $414K | $305K | $43K | — | View 990 |
| 2011 | $298K | $325K | $258K | $42K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $647K, expenses of $565K, and assets of $396K (revenue +13.2% year-over-year).
- 2022: Revenue of $572K, expenses of $644K, and assets of $314K (revenue -2.4% year-over-year).
- 2021: Revenue of $586K, expenses of $582K, and assets of $415K (revenue +48.4% year-over-year).
- 2020: Revenue of $395K, expenses of $420K, and assets of $394K (revenue -1.2% year-over-year).
- 2019: Revenue of $400K, expenses of $434K, and assets of $388K (revenue -2.0% year-over-year).
- 2018: Revenue of $408K, expenses of $395K, and assets of $414K (revenue +1.8% year-over-year).
- 2017: Revenue of $401K, expenses of $412K, and assets of $411K (revenue -5.4% year-over-year).
- 2016: Revenue of $424K, expenses of $443K, and assets of $418K (revenue +4.5% year-over-year).
- 2015: Revenue of $406K, expenses of $384K, and assets of $426K (revenue -17.3% year-over-year).
- 2014: Revenue of $490K, expenses of $386K, and assets of $403K (revenue +17.1% year-over-year).
- 2013: Revenue of $419K, expenses of $398K, and assets of $309K (revenue -9.0% year-over-year).
- 2012: Revenue of $460K, expenses of $414K, and assets of $305K (revenue +54.5% year-over-year).
- 2011: Revenue of $298K, expenses of $325K, and assets of $258K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Massachusetts Fair Housing Center Inc:
Data Sources and Methodology
This transparency report for Massachusetts Fair Housing Center 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.