Midlands Housing Alliance Inc
Midlands Housing Alliance Inc. shows strong asset growth and no reported officer compensation, but recent liabilities surged.
EIN: 203524141 · Columbia, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.1M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $11.1M |
| Transparency Score | 85/100 |
Is Midlands Housing Alliance Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midlands Housing Alliance Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Midlands Housing Alliance Inc
Midlands Housing Alliance Inc (EIN: 203524141) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $5.1M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Housing Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Housing Alliance Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$240K |
| Total Assets | $13.2M |
| Total Liabilities | $2.1M |
| Net Assets | $11.1M |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 39.9 months |
Financial Health Grade: A
In 2023, Midlands Housing Alliance Inc reported a surplus of $240K with revenue exceeding expenses, holds 39.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midlands Housing Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.2% | +7.0% | +18.6% |
| 2022 | +76.4% | +25.8% | +15.6% |
| 2021 | +14.0% | +4.5% | -3.0% |
| 2020 | +0.9% | -0.1% | +0.7% |
| 2019 | -3.0% | +9.0% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Midlands 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Midlands Housing Alliance Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 surplus of $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
Midlands Housing Alliance Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $4 million. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within their financial statements, requiring further clarification for complete transparency.
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 Midlands Housing Alliance Inc's IRS 990 filings:
- Significant increase in liabilities from $255,001 in 2022 to $2,072,510 in 2023, requiring further explanation.
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and may indicate a lack of transparency in executive remuneration reporting.
Strengths
The following positive indicators were identified for Midlands Housing Alliance Inc:
- Consistent revenue growth over the past decade, indicating strong financial support.
- Substantial asset growth, increasing from $9,616,170 in 2021 to $13,185,437 in 2023, enhancing long-term stability.
- Expenses generally kept below or close to revenue, demonstrating sound financial management and sustainability.
- No reported officer compensation, potentially indicating a high percentage of funds directly supporting the mission.
Frequently Asked Questions about Midlands Housing Alliance Inc
Is Midlands Housing Alliance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Midlands Housing Alliance Inc (EIN: 203524141) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Midlands Housing Alliance Inc spend its money?
Midlands Housing Alliance Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Midlands Housing Alliance Inc tax-deductible?
Midlands Housing Alliance Inc is registered as a tax-exempt nonprofit (EIN: 203524141). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Midlands Housing Alliance Inc CEO make?
Midlands Housing Alliance Inc's highest-compensated officer earns $4 annually. The organization reported $5.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Midlands Housing Alliance Inc's spending goes to programs?
Midlands Housing Alliance Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Midlands Housing Alliance Inc located?
Midlands Housing Alliance Inc is headquartered in Columbia, South Carolina and files with the IRS under EIN 203524141.
How many years of IRS 990 filings does Midlands Housing Alliance Inc have?
Midlands Housing Alliance 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 $5.1M in total revenue.
Is Midlands Housing Alliance Inc. a good charity?
Based on the available data, Midlands Housing Alliance Inc. appears to be a financially stable organization with consistent revenue and asset growth. The lack of reported officer compensation is a unique characteristic that could be seen as a positive for donor funds directly supporting programs, but also warrants further inquiry into how executive functions are compensated. The recent increase in liabilities should be investigated to ensure long-term stability.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It could indicate that the organization relies entirely on volunteer leadership for its executive roles, or that executive compensation is reported under different expense categories not explicitly labeled as 'officer compensation' on the IRS Form 990. Further detail from the organization would be needed to clarify this.
What caused the significant increase in liabilities in 2023?
Liabilities increased substantially from $255,001 in 2022 to $2,072,510 in 2023. This nearly eight-fold increase is a significant financial event that could be due to various factors such as new program funding received in advance, capital expenditures, or new debt. Understanding the nature of these liabilities is crucial for assessing the organization's financial health.
How efficient is Midlands Housing Alliance Inc. in its spending?
The organization generally manages its expenses within its revenue, as seen in 2023 where expenses ($3,964,380) were less than revenue ($4,204,879). This indicates a sustainable operational model. Without a detailed breakdown of program, administrative, and fundraising expenses, a precise efficiency ratio cannot be calculated, but the overall financial management appears prudent.
Filing History
IRS 990 filing history for Midlands Housing Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midlands Housing Alliance Inc's revenue has grown by 257.5%, moving from $1.2M to $4.2M. Total assets decreased by 5.6% over the same period, from $14.0M to $13.2M. Total functional expenses rose by 1155.2%, from $316K to $4.0M. In its most recent filing year (2023), Midlands Housing Alliance Inc reported a surplus of $240K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $13.2M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $4.0M | $13.2M | $2.1M | — | — |
| 2022 | $5.2M | $3.7M | $11.1M | $255K | — | View 990 |
| 2021 | $2.9M | $2.9M | $9.6M | $147K | — | View 990 |
| 2020 | $2.6M | $2.8M | $9.9M | $458K | — | View 990 |
| 2019 | $2.6M | $2.8M | $9.8M | $156K | — | View 990 |
| 2018 | $2.6M | $2.6M | $10.1M | $146K | — | View 990 |
| 2017 | $2.4M | $2.6M | $10.0M | $124K | — | View 990 |
| 2016 | $2.0M | $2.6M | $10.2M | $123K | — | View 990 |
| 2015 | $1.8M | $2.5M | $10.8M | $98K | — | View 990 |
| 2014 | $2.5M | $2.4M | $11.5M | $80K | — | View 990 |
| 2013 | $1.9M | $2.5M | $11.4M | $68K | — | View 990 |
| 2012 | $2.4M | $2.6M | $12.2M | $314K | — | View 990 |
| 2011 | $1.2M | $316K | $14.0M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $4.0M, and assets of $13.2M (revenue -19.2% year-over-year).
- 2022: Revenue of $5.2M, expenses of $3.7M, and assets of $11.1M (revenue +76.4% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.9M, and assets of $9.6M (revenue +14.0% year-over-year).
- 2020: Revenue of $2.6M, expenses of $2.8M, and assets of $9.9M (revenue +0.9% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.8M, and assets of $9.8M (revenue -3.0% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $10.1M (revenue +11.1% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.6M, and assets of $10.0M (revenue +19.4% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.6M, and assets of $10.2M (revenue +11.7% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.5M, and assets of $10.8M (revenue -27.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.4M, and assets of $11.5M (revenue +31.0% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.5M, and assets of $11.4M (revenue -21.5% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.6M, and assets of $12.2M (revenue +102.8% year-over-year).
- 2011: Revenue of $1.2M, expenses of $316K, and assets of $14.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Housing Alliance Inc:
Data Sources and Methodology
This transparency report for Midlands 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.