Midlands Housing Trust Fund
EIN: 274149384 · Columbia, SC · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $436K |
| Total Expenses | $182K |
| Net Assets | $2.1M |
Is Midlands Housing Trust Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midlands Housing Trust Fund
Midlands Housing Trust Fund (EIN: 274149384) is a nonprofit organization based in Columbia, SC, classified under NTEE code L20. The organization reported total revenue of $436K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midlands Housing Trust Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midlands Housing Trust Fund is a small nonprofit that has been operating for 15 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 17.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $621K |
| Total Expenses | $182K |
| Surplus / Deficit | +$439K |
| Total Assets | $3.0M |
| Total Liabilities | $846K |
| Net Assets | $2.1M |
| Operating Margin | 70.7% |
| Debt-to-Asset Ratio | 28.3% |
| Months of Reserves | 196.9 months |
Financial Health Grade: A
In 2023, Midlands Housing Trust Fund reported a surplus of $439K with revenue exceeding expenses, holds 196.9 months of operating reserves (strong position), has a debt-to-asset ratio of 28.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Midlands Housing Trust Fund's revenue has grown at a compound annual growth rate (CAGR) of 17.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.9% | +16.2% | +19.4% |
| 2022 | +300.2% | +55.4% | -3.1% |
| 2021 | -27.4% | -9.3% | +92.6% |
| 2020 | +82.6% | -29.8% | +8.9% |
| 2019 | -37.1% | +50.7% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midlands Housing Trust Fund 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 Midlands Housing Trust Fund 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $439K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.3%.
Frequently Asked Questions about Midlands Housing Trust Fund
Is Midlands Housing Trust Fund a legitimate charity?
Midlands Housing Trust Fund (EIN: 274149384) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $436K. No red flags identified. Financial health grade: A.
How does Midlands Housing Trust Fund spend its money?
Midlands Housing Trust Fund reported $436K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midlands Housing Trust Fund tax-deductible?
Midlands Housing Trust Fund is registered as a tax-exempt nonprofit (EIN: 274149384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midlands Housing Trust Fund located?
Midlands Housing Trust Fund is headquartered in Columbia, South Carolina and files with the IRS under EIN 274149384. It is classified under NTEE code L20.
How many years of IRS 990 filings does Midlands Housing Trust Fund have?
Midlands Housing Trust Fund has 12 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 $436K in total revenue.
Filing History
IRS 990 filing history for Midlands Housing Trust Fund showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Midlands Housing Trust Fund's revenue has grown by 465%, moving from $110K to $621K. Total assets increased by 2653.4% over the same period, from $109K to $3.0M. Total functional expenses rose by 13475.7%, from $1K to $182K. In its most recent filing year (2023), Midlands Housing Trust Fund reported a surplus of $439K, with revenue exceeding expenses. The organization holds $846K in liabilities against $3.0M in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $621K | $182K | $3.0M | $846K | — | — |
| 2022 | $697K | $157K | $2.5M | $799K | — | View 990 |
| 2021 | $174K | $101K | $2.6M | $1.4M | — | — |
| 2020 | $240K | $111K | $1.3M | $249K | — | View 990 |
| 2019 | $131K | $159K | $1.2M | $268K | — | View 990 |
| 2018 | $209K | $105K | $1.3M | $283K | — | View 990 |
| 2017 | $290K | $236K | $1.2M | $351K | — | View 990 |
| 2016 | $450K | $193K | $1.2M | $354K | — | View 990 |
| 2015 | $550K | $212K | $726K | $148K | — | View 990 |
| 2014 | $189K | $160K | $173K | $3K | — | View 990 |
| 2013 | $207K | $174K | $141K | $0 | — | View 990 |
| 2012 | $110K | $1K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $621K, expenses of $182K, and assets of $3.0M (revenue -10.9% year-over-year).
- 2022: Revenue of $697K, expenses of $157K, and assets of $2.5M (revenue +300.2% year-over-year).
- 2021: Revenue of $174K, expenses of $101K, and assets of $2.6M (revenue -27.4% year-over-year).
- 2020: Revenue of $240K, expenses of $111K, and assets of $1.3M (revenue +82.6% year-over-year).
- 2019: Revenue of $131K, expenses of $159K, and assets of $1.2M (revenue -37.1% year-over-year).
- 2018: Revenue of $209K, expenses of $105K, and assets of $1.3M (revenue -28.0% year-over-year).
- 2017: Revenue of $290K, expenses of $236K, and assets of $1.2M (revenue -35.5% year-over-year).
- 2016: Revenue of $450K, expenses of $193K, and assets of $1.2M (revenue -18.2% year-over-year).
- 2015: Revenue of $550K, expenses of $212K, and assets of $726K (revenue +190.3% year-over-year).
- 2014: Revenue of $189K, expenses of $160K, and assets of $173K (revenue -8.5% year-over-year).
- 2013: Revenue of $207K, expenses of $174K, and assets of $141K (revenue +88.1% year-over-year).
- 2012: Revenue of $110K, expenses of $1K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midlands Housing Trust Fund:
Data Sources and Methodology
This transparency report for Midlands Housing Trust Fund 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.