Milton A Williams Housing Inc

Milton A Williams Housing Inc. consistently operates at a deficit with declining assets and high liabilities.

EIN: 204280410 · Washington, NC · NTEE: L22 · Updated: 2026-03-28

$318KRevenue

$2.0MAssets

55/100Mission Score (Fair)

L22

About Milton A Williams Housing Inc

Milton A Williams Housing Inc (EIN: 204280410) is a nonprofit organization based in Washington, NC, classified under NTEE code L22. The organization reported total revenue of $318K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milton A Williams Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Milton A Williams Housing Inc. demonstrates consistent operational deficits, with expenses exceeding revenue in all reported periods. For instance, in 2023, expenses were $337,637 against revenues of $294,454, indicating a reliance on existing assets or other funding sources to cover shortfalls. The organization's assets have also shown a gradual decline over the past decade, from $2,438,748 in 2014 to $2,077,459 in 2023, while liabilities have remained consistently high, hovering around $2.9 million. This suggests a long-term financial strain and a potential challenge in maintaining its asset base relative to its debt obligations.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operating losses raise questions about the sustainability of its current financial model. The absence of reported officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Given the NTEE code L22 (Housing for the Elderly, Handicapped, or Poor), the organization's mission is clear, but its financial health warrants closer examination to ensure long-term viability and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Milton A Williams Housing Inc with a Mission Score of 55 out of 100 (Fair). 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: 80%
fundraising: 5%

According to IRS 990 filings, Milton A Williams Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is unusual for an organization with over $2 million in assets and annual expenses exceeding $300,000.

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 Milton A Williams Housing Inc's IRS 990 filings:

Consistent operating deficits (expenses exceed revenue in all reported periods)
Declining asset base over the past decade (from $2.4M in 2014 to $2.0M in 2023)
Liabilities consistently exceed assets, indicating a high debt burden (e.g., $2.9M liabilities vs. $2.0M assets in 2023)
No reported officer compensation, which can sometimes obscure true leadership costs or indicate potential reliance on unpaid leadership for an organization of this size.

Strengths

The following positive indicators were identified for Milton A Williams Housing Inc:

Clear mission aligned with NTEE code L22 (Housing for the Elderly, Handicapped, or Poor)
Long operating history with 13 filings, indicating established presence
Maintains a significant asset base (over $2 million in 2023) despite financial challenges, suggesting substantial property holdings.

Frequently Asked Questions about Milton A Williams Housing Inc

Is Milton A Williams Housing Inc. financially sustainable?

The organization has consistently reported expenses exceeding revenue for over a decade, with a $43,183 deficit in 2023. This trend, coupled with declining assets and high liabilities, raises concerns about its long-term financial sustainability.

Why are liabilities consistently higher than assets?

For example, in 2023, liabilities were $2,928,842 while assets were $2,077,459. This indicates a significant debt burden relative to its owned resources, which could be due to mortgages or other long-term financing for its housing properties.

What is the impact of the declining asset base?

Assets have decreased from $2,438,748 in 2014 to $2,077,459 in 2023. This decline, while not precipitous, suggests a gradual erosion of the organization's capital base, potentially limiting its capacity for future investments or maintenance of its housing units.

How does the organization cover its annual operating deficits?

With expenses consistently higher than revenue (e.g., $337,637 expenses vs. $294,454 revenue in 2023), the organization must be drawing from reserves, receiving non-operating income, or incurring further debt to cover these shortfalls, which is not explicitly detailed in the provided summary data.

Filing History

IRS 990 filing history for Milton A Williams Housing Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Milton A Williams Housing Inc's revenue has grown by 185%, moving from $103K to $294K. Total assets decreased by 21.1% over the same period, from $2.6M to $2.1M. Total functional expenses rose by 74%, from $194K to $338K. In its most recent filing year (2023), Milton A Williams Housing Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $2.1M in assets (debt-to-asset ratio: 141.0%), resulting in net assets of $-851,383.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$294K	$338K	$2.1M	$2.9M	—	—
2022	$279K	$348K	$2.1M	$2.9M	—	View 990
2021	$264K	$316K	$2.2M	$2.9M	—	View 990
2020	$243K	$265K	$2.2M	$2.9M	—	View 990
2019	$219K	$262K	$2.2M	$2.9M	—	View 990
2018	$201K	$238K	$2.3M	$2.9M	—	View 990
2017	$192K	$226K	$2.3M	$2.9M	—	View 990
2016	$172K	$215K	$2.4M	$2.9M	—	View 990
2015	$157K	$200K	$2.4M	$2.9M	—	View 990
2014	$145K	$226K	$2.4M	$2.9M	—	View 990
2013	$124K	$180K	$2.5M	$2.9M	—	View 990
2012	$123K	$179K	$2.6M	$2.9M	—	View 990
2011	$103K	$194K	$2.6M	$2.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $294K, expenses of $338K, and assets of $2.1M (revenue +5.4% year-over-year).
2022: Revenue of $279K, expenses of $348K, and assets of $2.1M (revenue +5.8% year-over-year).
2021: Revenue of $264K, expenses of $316K, and assets of $2.2M (revenue +8.7% year-over-year).
2020: Revenue of $243K, expenses of $265K, and assets of $2.2M (revenue +10.8% year-over-year).
2019: Revenue of $219K, expenses of $262K, and assets of $2.2M (revenue +9.0% year-over-year).
2018: Revenue of $201K, expenses of $238K, and assets of $2.3M (revenue +4.7% year-over-year).
2017: Revenue of $192K, expenses of $226K, and assets of $2.3M (revenue +11.6% year-over-year).
2016: Revenue of $172K, expenses of $215K, and assets of $2.4M (revenue +9.3% year-over-year).
2015: Revenue of $157K, expenses of $200K, and assets of $2.4M (revenue +8.6% year-over-year).
2014: Revenue of $145K, expenses of $226K, and assets of $2.4M (revenue +16.6% year-over-year).
2013: Revenue of $124K, expenses of $180K, and assets of $2.5M (revenue +0.6% year-over-year).
2012: Revenue of $123K, expenses of $179K, and assets of $2.6M (revenue +19.4% year-over-year).
2011: Revenue of $103K, expenses of $194K, and assets of $2.6M.

Data Sources and Methodology

This transparency report for Milton A Williams 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.