Matrix Housing Services
EIN: 473667784 · Minneapolis, MN · NTEE: L80
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Net Assets | $82K |
Is Matrix Housing Services Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Matrix Housing Services
Matrix Housing Services (EIN: 473667784) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code L80. The organization reported total revenue of $1.9M and total assets of $404K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Matrix Housing Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Matrix Housing Services is a mid-size nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2016–2020). Revenue has grown at a compound annual rate of 86.0%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$116K |
| Total Assets | $404K |
| Total Liabilities | $322K |
| Net Assets | $82K |
| Operating Margin | 6.1% |
| Debt-to-Asset Ratio | 79.7% |
| Months of Reserves | 2.7 months |
Financial Health Grade: B
In 2020, Matrix Housing Services reported a surplus of $116K with revenue exceeding expenses, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 79.7% (high leverage).
Financial Trends
Over 5 years of filings (2016–2020), Matrix Housing Services's revenue has grown at a compound annual growth rate (CAGR) of 86.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +93.7% | +82.1% | +446.5% |
| 2019 | +35.3% | +33.8% | +43.1% |
| 2018 | +114.0% | +91.1% | +10.2% |
| 2017 | +113.4% | +163.6% | -13.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Matrix Housing Services has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Matrix Housing Services with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $116K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.7%.
Frequently Asked Questions about Matrix Housing Services
Is Matrix Housing Services a legitimate charity?
Matrix Housing Services (EIN: 473667784) is a registered tax-exempt nonprofit based in Minnesota. It has 5 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Matrix Housing Services spend its money?
Matrix Housing Services reported $1.9M in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Matrix Housing Services tax-deductible?
Matrix Housing Services is registered as a tax-exempt nonprofit (EIN: 473667784). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Matrix Housing Services located?
Matrix Housing Services is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 473667784. It is classified under NTEE code L80.
How many years of IRS 990 filings does Matrix Housing Services have?
Matrix Housing Services has 5 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 $1.9M in total revenue.
Filing History
IRS 990 filing history for Matrix Housing Services showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2016–2020), Matrix Housing Services's revenue has grown by 1097.6%, moving from $159K to $1.9M. Total assets increased by 643% over the same period, from $54K to $404K. Total functional expenses rose by 1127.5%, from $145K to $1.8M. In its most recent filing year (2020), Matrix Housing Services reported a surplus of $116K, with revenue exceeding expenses. The organization holds $322K in liabilities against $404K in assets (debt-to-asset ratio: 79.7%), resulting in net assets of $82K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $1.9M | $1.8M | $404K | $322K | — | View 990 |
| 2019 | $982K | $980K | $74K | $108K | — | View 990 |
| 2018 | $725K | $733K | $52K | $100K | — | View 990 |
| 2017 | $339K | $383K | $47K | $78K | — | View 990 |
| 2016 | $159K | $145K | $54K | $41K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $404K (revenue +93.7% year-over-year).
- 2019: Revenue of $982K, expenses of $980K, and assets of $74K (revenue +35.3% year-over-year).
- 2018: Revenue of $725K, expenses of $733K, and assets of $52K (revenue +114.0% year-over-year).
- 2017: Revenue of $339K, expenses of $383K, and assets of $47K (revenue +113.4% year-over-year).
- 2016: Revenue of $159K, expenses of $145K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Matrix Housing Services:
Data Sources and Methodology
This transparency report for Matrix Housing Services 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.