Medford Community Housing Inc
Medford Community Housing Inc: Strong Asset Growth, Revenue Volatility
EIN: 222895732 · Medford, MA · Updated: 2026-04-04
Is Medford Community Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Medford Community Housing Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Medford Community Housing Inc
Medford Community Housing Inc (EIN: 222895732) is a nonprofit organization based in Medford, MA. The organization reported total revenue of $348K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Medford Community Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Medford Community Housing Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 32.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $408K |
| Total Expenses | $181K |
| Surplus / Deficit | +$227K |
| Total Assets | $1.3M |
| Total Liabilities | $1.3M |
| Net Assets | $12K |
| Operating Margin | 55.6% |
| Debt-to-Asset Ratio | 99.1% |
| Months of Reserves | 87.3 months |
Financial Health Grade: A
In 2023, Medford Community Housing Inc reported a surplus of $227K with revenue exceeding expenses, holds 87.3 months of operating reserves (strong position), has a debt-to-asset ratio of 99.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Medford Community Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +148.7% | -11.6% | +19.4% |
| 2022 | +9.7% | +19.0% | +20.1% |
| 2021 | +5.0% | -17.2% | -3.7% |
| 2020 | +9.8% | +26.3% | -5.0% |
| 2019 | +4.6% | +11.7% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1989 |
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 Medford Community Housing Inc 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: 70%
- fundraising: 15%
According to IRS 990 filings, Medford Community Housing Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $227K, with revenue exceeding expenses.
- Debt-to-asset ratio: 99.1%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, suggesting it may be below reporting thresholds or included within broader administrative expenses.
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 Medford Community Housing Inc's IRS 990 filings:
- Revenue has shown significant volatility, with a large jump from $164,096 in 2022 to $408,049 in 2023, warranting further investigation into the source of this increase.
- The organization's liabilities consistently exceed its assets in several years (e.g., 2022: assets $1,105,072 vs. liabilities $1,319,780), which could indicate financial strain or specific accounting for long-term debt related to housing.
- The 'c0%' in the financial filings likely indicates no lobbying expenses, but further clarity on this field would be beneficial.
Strengths
The following positive indicators were identified for Medford Community Housing Inc:
- Consistent asset growth over the past several years, increasing from $1,091,881 in 2016 to $1,319,642 in 2023, indicating a growing capacity.
- The organization has maintained a presence and continued operations for at least 8 years based on the provided financial history.
- The organization's mission in community housing is critical for local support in Medford, MA.
Frequently Asked Questions about Medford Community Housing Inc
Is Medford Community Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Medford Community Housing Inc (EIN: 222895732) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Medford Community Housing Inc spend its money?
Medford Community Housing Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Medford Community Housing Inc tax-deductible?
Medford Community Housing Inc is registered as a tax-exempt nonprofit (EIN: 222895732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Medford Community Housing Inc do?
Medford Community Housing Inc is a nonprofit organization in the Unknown sector, located in Medford, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Medford Community Housing Inc have?
Medford Community Housing Inc reported total revenue of $347,904. Based on 13 IRS 990 filings on record.
What are Medford Community Housing Inc's total assets?
Medford Community Housing Inc holds total assets of $1,466,207 as reported in IRS 990 filings.
Where is Medford Community Housing Inc located?
Medford Community Housing Inc is based in Medford, Massachusetts.
What is Medford Community Housing Inc's EIN?
Medford Community Housing Inc's Employer Identification Number (EIN) is 222895732. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Medford Community Housing Inc?
Medford Community Housing Inc is classified under NTEE code Unknown (Unknown).
Is Medford Community Housing Inc a registered 501(c)(3)?
Medford Community Housing Inc appears in IRS records (EIN: 222895732). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Medford Community Housing Inc file IRS Form 990?
Yes, Medford Community Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Medford Community Housing Inc's revenue in 2023?
In the 202306 filing period, Medford Community Housing Inc reported total revenue of $408,049, total expenses of $181,369, and net assets of $1,319,642.
Is Medford Community Housing Inc's revenue growing or declining?
Medford Community Housing Inc's revenue is growing. Revenue went from $164,096 (202206) to $408,049 (202306), a +148.7% change. Based on 13 filings on record.
What is Medford Community Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Medford Community Housing Inc covers tax period 202306. It shows revenue of $408,049, expenses of $181,369, total assets of $1,319,642, and liabilities of $1,307,670.
How much does Medford Community Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Medford Community Housing Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Medford Community Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Medford Community Housing Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Medford Community Housing Inc?
The following concerns were identified: Revenue has shown significant volatility, with a large jump from $164,096 in 2022 to $408,049 in 2023, warranting further investigation into the source of this increase.. The organization's liabilities consistently exceed its assets in several years (e.g., 2022: assets $1,105,072 vs. liabilities $1,319,780), which could indicate financial strain or specific accounting for long-term debt related to housing.. The 'c0%' in the financial filings likely indicates no lobbying expenses, but further clarity on this field would be beneficial.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Medford Community Housing Inc's strengths?
Positive indicators for Medford Community Housing Inc include: Consistent asset growth over the past several years, increasing from $1,091,881 in 2016 to $1,319,642 in 2023, indicating a growing capacity.. The organization has maintained a presence and continued operations for at least 8 years based on the provided financial history.. The organization's mission in community housing is critical for local support in Medford, MA.. These findings are derived from AI analysis of the organization's financial filings.
How does Medford Community Housing Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, suggesting it may be below reporting thresholds or included within broader administrative expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Medford Community Housing Inc?
• Financial data is consistently available through 990 filings. • The organization's tax-exempt status is clearly stated as a 501(c)(3). • No specific transparency report or detailed governance documents are readily available beyond standard filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific programs or initiatives led to the substantial revenue increase from $164,096 in 2022 to $408,049 in 2023?
The provided data does not specify the exact programs or initiatives. A deeper dive into their 2023 Form 990 would be necessary to identify the specific revenue streams, such as new grants, increased rental income, or specific fundraising campaigns, that contributed to this significant jump.
Given that liabilities frequently exceed assets, how does Medford Community Housing Inc. manage its long-term financial stability and what is the nature of these liabilities?
The consistent trend of liabilities exceeding assets (e.g., $1,319,780 in liabilities vs. $1,105,072 in assets in 2022) suggests significant long-term debt, likely related to property acquisition, development, or mortgages for their housing initiatives. Understanding the terms and repayment schedules of these liabilities is crucial for assessing long-term financial stability, as it could indicate a highly leveraged operational model common in affordable housing development.
Filing History
IRS 990 filing history for Medford Community Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Medford Community Housing Inc's revenue has grown by 2946.7%, moving from $13K to $408K. Total assets increased by 583.8% over the same period, from $193K to $1.3M. Total functional expenses rose by 888.9%, from $18K to $181K. In its most recent filing year (2023), Medford Community Housing Inc reported a surplus of $227K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $1.3M in assets (debt-to-asset ratio: 99.1%), resulting in net assets of $12K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $408K | $181K | $1.3M | $1.3M | — | — |
| 2022 | $164K | $205K | $1.1M | $1.3M | — | View 990 |
| 2021 | $150K | $172K | $920K | $1.1M | — | — |
| 2020 | $142K | $208K | $955K | $1.1M | — | View 990 |
| 2019 | $130K | $165K | $1.0M | $1.1M | — | View 990 |
| 2018 | $124K | $148K | $1.0M | $1.1M | — | View 990 |
| 2017 | $138K | $150K | $1.1M | $1.1M | — | View 990 |
| 2016 | $82K | $100K | $1.1M | $1.1M | — | View 990 |
| 2015 | $66K | $82K | $414K | $411K | — | View 990 |
| 2014 | $103K | $81K | $205K | $186K | — | View 990 |
| 2013 | $65K | $78K | $185K | $188K | — | View 990 |
| 2012 | $76K | $72K | $197K | $188K | — | View 990 |
| 2011 | $13K | $18K | $193K | $188K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $408K, expenses of $181K, and assets of $1.3M (revenue +148.7% year-over-year).
- 2022: Revenue of $164K, expenses of $205K, and assets of $1.1M (revenue +9.7% year-over-year).
- 2021: Revenue of $150K, expenses of $172K, and assets of $920K (revenue +5.0% year-over-year).
- 2020: Revenue of $142K, expenses of $208K, and assets of $955K (revenue +9.8% year-over-year).
- 2019: Revenue of $130K, expenses of $165K, and assets of $1.0M (revenue +4.6% year-over-year).
- 2018: Revenue of $124K, expenses of $148K, and assets of $1.0M (revenue -10.2% year-over-year).
- 2017: Revenue of $138K, expenses of $150K, and assets of $1.1M (revenue +68.6% year-over-year).
- 2016: Revenue of $82K, expenses of $100K, and assets of $1.1M (revenue +23.3% year-over-year).
- 2015: Revenue of $66K, expenses of $82K, and assets of $414K (revenue -35.3% year-over-year).
- 2014: Revenue of $103K, expenses of $81K, and assets of $205K (revenue +57.5% year-over-year).
- 2013: Revenue of $65K, expenses of $78K, and assets of $185K (revenue -14.6% year-over-year).
- 2012: Revenue of $76K, expenses of $72K, and assets of $197K (revenue +470.0% year-over-year).
- 2011: Revenue of $13K, expenses of $18K, and assets of $193K.
Data Sources and Methodology
This transparency report for Medford Community Housing 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.