Meadow Road Housing Corp
Meadow Road Housing Corp consistently operates at a deficit, drawing down assets while maintaining stable liabilities and no executive compensation.
EIN: 204741922 · Keene, NH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $372K |
| Program Spending | 85% |
| Net Assets | $-1,801,177 |
| Transparency Score | 75/100 |
Is Meadow Road Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meadow Road Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meadow Road Housing Corp
Meadow Road Housing Corp (EIN: 204741922) is a nonprofit organization based in Keene, NH, classified under NTEE code L22. The organization reported total revenue of $261K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meadow Road Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meadow Road Housing Corp 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 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $278K |
| Total Expenses | $372K |
| Surplus / Deficit | $-93,779 |
| Total Assets | $2.2M |
| Total Liabilities | $4.0M |
| Net Assets | $-1,801,177 |
| Operating Margin | -33.7% |
| Debt-to-Asset Ratio | 183.1% |
| Months of Reserves | 69.9 months |
Financial Health Grade: C
In 2023, Meadow Road Housing Corp reported a deficit of $94K with expenses exceeding revenue, holds 69.9 months of operating reserves (strong position), has a debt-to-asset ratio of 183.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Meadow Road Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.4% | +2.8% | -4.9% |
| 2022 | -2.3% | +2.3% | -5.2% |
| 2021 | +1.3% | +4.3% | -5.0% |
| 2020 | +4.0% | -2.8% | -4.4% |
| 2019 | -0.9% | -4.6% | -4.8% |
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 Meadow Road Housing Corp with a Mission Score of 75 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: 85%
- fundraising: 0%
According to IRS 990 filings, Meadow Road Housing Corp allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $94K, with expenses exceeding revenue.
- Debt-to-asset ratio: 183.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly commendable for a nonprofit of its size.
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 Meadow Road Housing Corp's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across all reported periods.
- Gradual but steady decline in total assets over the past decade (from $3.3M in 2014 to $2.1M in 2023).
Strengths
The following positive indicators were identified for Meadow Road Housing Corp:
- No reported officer compensation, indicating high efficiency in executive spending.
- Stable liabilities over a decade, suggesting well-managed long-term debt.
- Consistent revenue stream, albeit lower than expenses, indicating a reliable base of support.
- Clear focus on mission, as evidenced by NTEE code and lack of fundraising expenses.
Frequently Asked Questions about Meadow Road Housing Corp
Is Meadow Road Housing Corp a legitimate charity?
Meadow Road Housing Corp (EIN: 204741922) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $261K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Meadow Road Housing Corp spend its money?
Meadow Road Housing Corp directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Meadow Road Housing Corp tax-deductible?
Meadow Road Housing Corp is registered as a tax-exempt nonprofit (EIN: 204741922). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Meadow Road Housing Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Meadow Road Housing Corp is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meadow Road Housing Corp located?
Meadow Road Housing Corp is headquartered in Keene, New Hampshire and files with the IRS under EIN 204741922. It is classified under NTEE code L22.
How many years of IRS 990 filings does Meadow Road Housing Corp have?
Meadow Road Housing Corp 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 $261K in total revenue.
How does Meadow Road Housing Corp cover its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue, leading to a reduction in assets from $3,323,302 in 2014 to $2,166,738 in 2023. This suggests that deficits are covered by drawing down existing assets, likely reserves or depreciation-related funds, rather than incurring new debt, as liabilities have remained stable.
What is the nature of the organization's $3.9 million in liabilities?
Given the NTEE code L22 (Low-Income Housing) and the stability of the liability amount around $3.9 million over a decade, it is highly probable that these liabilities represent long-term mortgages or other financing related to the housing properties owned and managed by the corporation.
Is the organization's asset decline a concern for its long-term viability?
While a consistent decline in assets from $3.3 million to $2.1 million over a decade is a trend to monitor, it's not necessarily an immediate red flag if these assets are being utilized to fulfill the mission (e.g., property maintenance, covering operational gaps). However, continued asset depletion without a plan to replenish them could impact long-term sustainability.
Filing History
IRS 990 filing history for Meadow Road Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meadow Road Housing Corp's revenue has grown by 39.7%, moving from $199K to $278K. Total assets decreased by 40.7% over the same period, from $3.7M to $2.2M. Total functional expenses rose by 21.5%, from $306K to $372K. In its most recent filing year (2023), Meadow Road Housing Corp reported a deficit of $94K, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $2.2M in assets (debt-to-asset ratio: 183.1%), resulting in net assets of $-1,801,177.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $278K | $372K | $2.2M | $4.0M | — | View 990 |
| 2022 | $218K | $362K | $2.3M | $4.0M | — | View 990 |
| 2021 | $223K | $354K | $2.4M | $4.0M | — | View 990 |
| 2020 | $220K | $339K | $2.5M | $4.0M | — | View 990 |
| 2019 | $212K | $349K | $2.6M | $4.0M | — | View 990 |
| 2018 | $214K | $366K | $2.8M | $4.0M | — | View 990 |
| 2017 | $216K | $402K | $2.9M | $4.0M | — | View 990 |
| 2016 | $214K | $315K | $3.1M | $4.0M | — | View 990 |
| 2015 | $212K | $311K | $3.2M | $4.0M | — | View 990 |
| 2014 | $212K | $315K | $3.3M | $4.0M | — | View 990 |
| 2013 | $204K | $306K | $3.4M | $4.0M | — | View 990 |
| 2012 | $196K | $320K | $3.5M | $4.0M | — | View 990 |
| 2011 | $199K | $306K | $3.7M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $278K, expenses of $372K, and assets of $2.2M (revenue +27.4% year-over-year).
- 2022: Revenue of $218K, expenses of $362K, and assets of $2.3M (revenue -2.3% year-over-year).
- 2021: Revenue of $223K, expenses of $354K, and assets of $2.4M (revenue +1.3% year-over-year).
- 2020: Revenue of $220K, expenses of $339K, and assets of $2.5M (revenue +4.0% year-over-year).
- 2019: Revenue of $212K, expenses of $349K, and assets of $2.6M (revenue -0.9% year-over-year).
- 2018: Revenue of $214K, expenses of $366K, and assets of $2.8M (revenue -0.9% year-over-year).
- 2017: Revenue of $216K, expenses of $402K, and assets of $2.9M (revenue +0.9% year-over-year).
- 2016: Revenue of $214K, expenses of $315K, and assets of $3.1M (revenue +0.8% year-over-year).
- 2015: Revenue of $212K, expenses of $311K, and assets of $3.2M (revenue -0.1% year-over-year).
- 2014: Revenue of $212K, expenses of $315K, and assets of $3.3M (revenue +4.1% year-over-year).
- 2013: Revenue of $204K, expenses of $306K, and assets of $3.4M (revenue +4.1% year-over-year).
- 2012: Revenue of $196K, expenses of $320K, and assets of $3.5M (revenue -1.6% year-over-year).
- 2011: Revenue of $199K, expenses of $306K, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meadow Road Housing Corp:
Data Sources and Methodology
This transparency report for Meadow Road Housing Corp 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.