Monadnock Housing Opportunities Inc
Monadnock Housing Opportunities Inc: Consistent Operations, Limited Growth
EIN: 222797272 · Keene, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $249K |
| Program Spending | 75% |
| Net Assets | $-12,707 |
| Transparency Score | 65/100 |
Is Monadnock Housing Opportunities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monadnock Housing Opportunities Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monadnock Housing Opportunities Inc
Monadnock Housing Opportunities Inc (EIN: 222797272) is a nonprofit organization based in Keene, NH. The organization reported total revenue of $243K and total assets of $713K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monadnock Housing Opportunities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monadnock Housing Opportunities Inc is a small nonprofit that has been operating for 39 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $243K |
| Total Expenses | $249K |
| Surplus / Deficit | $-6,080 |
| Total Assets | $713K |
| Total Liabilities | $725K |
| Net Assets | $-12,707 |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 101.8% |
| Months of Reserves | 34.3 months |
Financial Health Grade: C
In 2019, Monadnock Housing Opportunities Inc reported a deficit of $6K with expenses exceeding revenue, holds 34.3 months of operating reserves (strong position), has a debt-to-asset ratio of 101.8% (high leverage).
Financial Trends
Over 9 years of filings (2011–2019), Monadnock Housing Opportunities Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -0.5% | +5.6% | -6.0% |
| 2018 | +3.4% | -1.1% | -1.8% |
| 2017 | +2.7% | +11.5% | -4.2% |
| 2016 | +1.2% | -6.0% | -1.2% |
| 2015 | -2.6% | -4.5% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Monadnock Housing Opportunities Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Monadnock Housing Opportunities Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 101.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data.
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 Monadnock Housing Opportunities Inc's IRS 990 filings:
- Revenue has remained relatively flat over the past several years, indicating limited growth or expansion of services.
- The organization's assets have been steadily declining from $870,948 in 2012 to $712,766 in 2019, which could signal long-term financial challenges if not addressed.
Strengths
The following positive indicators were identified for Monadnock Housing Opportunities Inc:
- Consistent revenue generation over a long period demonstrates stable operations and donor base.
- The organization has maintained a positive asset base, indicating financial solvency.
- Long history of financial filings suggests a commitment to transparency, even if detailed breakdowns are not in the summary.
Frequently Asked Questions about Monadnock Housing Opportunities Inc
Is Monadnock Housing Opportunities Inc a legitimate charity?
Monadnock Housing Opportunities Inc (EIN: 222797272) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $243K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Monadnock Housing Opportunities Inc spend its money?
Monadnock Housing Opportunities Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Monadnock Housing Opportunities Inc tax-deductible?
Monadnock Housing Opportunities Inc is registered as a tax-exempt nonprofit (EIN: 222797272). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monadnock Housing Opportunities Inc's spending goes to programs?
Monadnock Housing Opportunities Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Monadnock Housing Opportunities Inc located?
Monadnock Housing Opportunities Inc is headquartered in Keene, New Hampshire and files with the IRS under EIN 222797272.
How many years of IRS 990 filings does Monadnock Housing Opportunities Inc have?
Monadnock Housing Opportunities Inc has 9 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 $243K in total revenue.
What does Monadnock Housing Opportunities Inc do?
Monadnock Housing Opportunities Inc is a nonprofit organization in the Unknown sector, located in Keene, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Monadnock Housing Opportunities Inc have?
Monadnock Housing Opportunities Inc reported total revenue of $243,173. Based on 9 IRS 990 filings on record.
What are Monadnock Housing Opportunities Inc's total assets?
Monadnock Housing Opportunities Inc holds total assets of $712,766 as reported in IRS 990 filings.
Where is Monadnock Housing Opportunities Inc located?
Monadnock Housing Opportunities Inc is based in Keene, New Hampshire.
What is Monadnock Housing Opportunities Inc's EIN?
Monadnock Housing Opportunities Inc's Employer Identification Number (EIN) is 222797272. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monadnock Housing Opportunities Inc?
Monadnock Housing Opportunities Inc is classified under NTEE code Unknown (Unknown).
Is Monadnock Housing Opportunities Inc a registered 501(c)(3)?
Monadnock Housing Opportunities Inc appears in IRS records (EIN: 222797272). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Monadnock Housing Opportunities Inc file IRS Form 990?
Yes, Monadnock Housing Opportunities Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Monadnock Housing Opportunities Inc's revenue in 2019?
In the 201912 filing period, Monadnock Housing Opportunities Inc reported total revenue of $243,173, total expenses of $249,253, and net assets of $712,766.
Is Monadnock Housing Opportunities Inc's revenue growing or declining?
Monadnock Housing Opportunities Inc's revenue is relatively stable. Revenue went from $244,504 (201812) to $243,173 (201912), a -0.5% change. Based on 9 filings on record.
What is Monadnock Housing Opportunities Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Monadnock Housing Opportunities Inc covers tax period 201912. It shows revenue of $243,173, expenses of $249,253, total assets of $712,766, and liabilities of $725,473.
How much does Monadnock Housing Opportunities Inc spend on programs vs administration?
Based on IRS 990 analysis, Monadnock Housing Opportunities Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Monadnock Housing Opportunities Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Monadnock Housing Opportunities Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Monadnock Housing Opportunities Inc?
The following concerns were identified: Revenue has remained relatively flat over the past several years, indicating limited growth or expansion of services.. The organization's assets have been steadily declining from $870,948 in 2012 to $712,766 in 2019, which could signal long-term financial challenges if not addressed.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Monadnock Housing Opportunities Inc's strengths?
Positive indicators for Monadnock Housing Opportunities Inc include: Consistent revenue generation over a long period demonstrates stable operations and donor base.. The organization has maintained a positive asset base, indicating financial solvency.. Long history of financial filings suggests a commitment to transparency, even if detailed breakdowns are not in the summary.. These findings are derived from AI analysis of the organization's financial filings.
How does Monadnock Housing Opportunities Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contribute to the consistent decline in assets from $870,948 in 2012 to $712,766 in 2019, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the asset decline. A deeper dive into the full financial statements would be necessary to understand if this is due to depreciation, asset sales, or other factors, and to identify any strategies for asset growth.
Given the relatively flat revenue over the past decade, what are Monadnock Housing Opportunities Inc.'s plans for program expansion or increased community impact?
The data indicates stable but not growing revenue. Without additional information, it's unclear if the organization plans to expand programs or if its current operational model is designed for a consistent level of service rather than growth.
Filing History
IRS 990 filing history for Monadnock Housing Opportunities Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Monadnock Housing Opportunities Inc's revenue has grown by 16.1%, moving from $210K to $243K. Total assets decreased by 19.3% over the same period, from $883K to $713K. Total functional expenses fell by 5.4%, from $263K to $249K. In its most recent filing year (2019), Monadnock Housing Opportunities Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $725K in liabilities against $713K in assets (debt-to-asset ratio: 101.8%), resulting in net assets of $-12,707.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $243K | $249K | $713K | $725K | — | View 990 |
| 2018 | $245K | $236K | $759K | $765K | — | View 990 |
| 2017 | $236K | $239K | $773K | $788K | — | View 990 |
| 2016 | $230K | $214K | $806K | $819K | — | View 990 |
| 2015 | $228K | $228K | $816K | $845K | — | View 990 |
| 2014 | $233K | $238K | $838K | $867K | — | View 990 |
| 2013 | $273K | $256K | $865K | $888K | — | View 990 |
| 2012 | $216K | $210K | $871K | $912K | — | View 990 |
| 2011 | $210K | $263K | $883K | $929K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $243K, expenses of $249K, and assets of $713K (revenue -0.5% year-over-year).
- 2018: Revenue of $245K, expenses of $236K, and assets of $759K (revenue +3.4% year-over-year).
- 2017: Revenue of $236K, expenses of $239K, and assets of $773K (revenue +2.7% year-over-year).
- 2016: Revenue of $230K, expenses of $214K, and assets of $806K (revenue +1.2% year-over-year).
- 2015: Revenue of $228K, expenses of $228K, and assets of $816K (revenue -2.6% year-over-year).
- 2014: Revenue of $233K, expenses of $238K, and assets of $838K (revenue -14.4% year-over-year).
- 2013: Revenue of $273K, expenses of $256K, and assets of $865K (revenue +26.5% year-over-year).
- 2012: Revenue of $216K, expenses of $210K, and assets of $871K (revenue +2.9% year-over-year).
- 2011: Revenue of $210K, expenses of $263K, and assets of $883K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monadnock Housing Opportunities Inc:
Data Sources and Methodology
This transparency report for Monadnock Housing Opportunities 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.