Minority Housing Corporation Topeka
EIN: 481087157 · Leawood, KS · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $250K |
| Net Assets | $-415,236 |
Is Minority Housing Corporation Topeka Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Minority Housing Corporation Topeka
Minority Housing Corporation Topeka (EIN: 481087157) is a nonprofit organization based in Leawood, KS, classified under NTEE code L22Z. The organization reported total revenue of $226K and total assets of $821K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Minority Housing Corporation Topeka's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Minority Housing Corporation Topeka is a small nonprofit that has been operating for 36 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 | $232K |
| Total Expenses | $250K |
| Surplus / Deficit | $-17,475 |
| Total Assets | $837K |
| Total Liabilities | $1.3M |
| Net Assets | $-415,236 |
| Operating Margin | -7.5% |
| Debt-to-Asset Ratio | 149.6% |
| Months of Reserves | 40.3 months |
Financial Health Grade: C
In 2023, Minority Housing Corporation Topeka reported a deficit of $17K with expenses exceeding revenue, holds 40.3 months of operating reserves (strong position), has a debt-to-asset ratio of 149.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Minority Housing Corporation Topeka's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | -1.2% | -4.3% |
| 2022 | +2.7% | -2.9% | -5.7% |
| 2021 | -1.0% | -0.4% | -7.0% |
| 2020 | +4.3% | +8.2% | -6.4% |
| 2019 | +1.5% | +11.2% | -10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Minority Housing Corporation Topeka 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 Minority Housing Corporation Topeka 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 deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 149.6%.
Frequently Asked Questions about Minority Housing Corporation Topeka
Is Minority Housing Corporation Topeka a legitimate charity?
Minority Housing Corporation Topeka (EIN: 481087157) is a registered tax-exempt nonprofit based in Kansas. It has 13 years of IRS 990 filings on record. Total revenue: $226K. No red flags identified. Financial health grade: C.
How does Minority Housing Corporation Topeka spend its money?
Minority Housing Corporation Topeka reported $226K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Minority Housing Corporation Topeka tax-deductible?
Minority Housing Corporation Topeka is registered as a tax-exempt nonprofit (EIN: 481087157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Minority Housing Corporation Topeka located?
Minority Housing Corporation Topeka is headquartered in Leawood, Kansas and files with the IRS under EIN 481087157. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Minority Housing Corporation Topeka have?
Minority Housing Corporation Topeka 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 $226K in total revenue.
Filing History
IRS 990 filing history for Minority Housing Corporation Topeka showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Minority Housing Corporation Topeka's revenue has grown by 39.4%, moving from $166K to $232K. Total assets increased by 72.1% over the same period, from $486K to $837K. Total functional expenses rose by 42.8%, from $175K to $250K. In its most recent filing year (2023), Minority Housing Corporation Topeka reported a deficit of $17K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $837K in assets (debt-to-asset ratio: 149.6%), resulting in net assets of $-415,236.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $250K | $837K | $1.3M | — | — |
| 2022 | $218K | $253K | $875K | $1.3M | — | — |
| 2021 | $212K | $260K | $927K | $1.3M | — | View 990 |
| 2020 | $214K | $261K | $997K | $1.3M | — | View 990 |
| 2019 | $205K | $242K | $1.1M | $1.3M | — | View 990 |
| 2018 | $202K | $217K | $1.2M | $1.4M | — | View 990 |
| 2017 | $202K | $188K | $391K | $607K | — | View 990 |
| 2016 | $193K | $189K | $401K | $631K | — | View 990 |
| 2015 | $192K | $189K | $416K | $650K | — | View 990 |
| 2014 | $196K | $191K | $436K | $673K | — | View 990 |
| 2013 | $192K | $194K | $448K | $690K | — | View 990 |
| 2012 | $174K | $177K | $470K | $709K | — | View 990 |
| 2011 | $166K | $175K | $486K | $722K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $250K, and assets of $837K (revenue +6.5% year-over-year).
- 2022: Revenue of $218K, expenses of $253K, and assets of $875K (revenue +2.7% year-over-year).
- 2021: Revenue of $212K, expenses of $260K, and assets of $927K (revenue -1.0% year-over-year).
- 2020: Revenue of $214K, expenses of $261K, and assets of $997K (revenue +4.3% year-over-year).
- 2019: Revenue of $205K, expenses of $242K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2018: Revenue of $202K, expenses of $217K, and assets of $1.2M (revenue +0.2% year-over-year).
- 2017: Revenue of $202K, expenses of $188K, and assets of $391K (revenue +4.5% year-over-year).
- 2016: Revenue of $193K, expenses of $189K, and assets of $401K (revenue +0.5% year-over-year).
- 2015: Revenue of $192K, expenses of $189K, and assets of $416K (revenue -1.6% year-over-year).
- 2014: Revenue of $196K, expenses of $191K, and assets of $436K (revenue +2.1% year-over-year).
- 2013: Revenue of $192K, expenses of $194K, and assets of $448K (revenue +10.4% year-over-year).
- 2012: Revenue of $174K, expenses of $177K, and assets of $470K (revenue +4.3% year-over-year).
- 2011: Revenue of $166K, expenses of $175K, and assets of $486K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Minority Housing Corporation Topeka:
Data Sources and Methodology
This transparency report for Minority Housing Corporation Topeka 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.