Mount Zion Housing Authority Of Hammond Inc
EIN: 311020019 · Hammond, IN
Is Mount Zion Housing Authority Of Hammond Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mount Zion Housing Authority Of Hammond Inc
Mount Zion Housing Authority Of Hammond Inc (EIN: 311020019) is a nonprofit organization based in Hammond, IN. The organization reported total revenue of $1.9M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Zion Housing Authority Of Hammond Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Zion Housing Authority Of Hammond Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$90K |
| Total Assets | $2.8M |
| Total Liabilities | $4.6M |
| Net Assets | $-1,750,575 |
| Operating Margin | 4.9% |
| Debt-to-Asset Ratio | 161.8% |
| Months of Reserves | 19.2 months |
Financial Health Grade: A
In 2023, Mount Zion Housing Authority Of Hammond Inc reported a surplus of $90K with revenue exceeding expenses, holds 19.2 months of operating reserves (strong position), has a debt-to-asset ratio of 161.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mount Zion Housing Authority Of Hammond Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | -3.6% | -2.0% |
| 2022 | -2.9% | +9.7% | -7.0% |
| 2021 | +6.6% | +4.7% | +0.6% |
| 2020 | +-0.0% | -0.9% | +1.1% |
| 2019 | +4.6% | -0.3% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mount Zion Housing Authority Of Hammond Inc 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 Mount Zion Housing Authority Of Hammond Inc 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 $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 161.8%.
Frequently Asked Questions about Mount Zion Housing Authority Of Hammond Inc
Is Mount Zion Housing Authority Of Hammond Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Zion Housing Authority Of Hammond Inc (EIN: 311020019) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Zion Housing Authority Of Hammond Inc spend its money?
Detailed spending breakdown data is not yet available for Mount Zion Housing Authority Of Hammond Inc. Check back for updated IRS 990 analysis.
Are donations to Mount Zion Housing Authority Of Hammond Inc tax-deductible?
Mount Zion Housing Authority Of Hammond Inc is registered as a tax-exempt nonprofit (EIN: 311020019). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Mount Zion Housing Authority Of Hammond Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Zion Housing Authority Of Hammond Inc's revenue has grown by 22.4%, moving from $1.5M to $1.9M. Total assets decreased by 33.3% over the same period, from $4.2M to $2.8M. Total functional expenses rose by 10.5%, from $1.6M to $1.8M. In its most recent filing year (2023), Mount Zion Housing Authority Of Hammond Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $4.6M in liabilities against $2.8M in assets (debt-to-asset ratio: 161.8%), resulting in net assets of $-1,750,575.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $2.8M | $4.6M | — | — |
| 2022 | $1.8M | $1.8M | $2.9M | $4.7M | — | View 990 |
| 2021 | $1.9M | $1.7M | $3.1M | $4.9M | — | View 990 |
| 2020 | $1.8M | $1.6M | $3.1M | $5.1M | — | View 990 |
| 2019 | $1.8M | $1.6M | $3.1M | $5.3M | — | View 990 |
| 2018 | $1.7M | $1.6M | $3.1M | $5.5M | — | View 990 |
| 2017 | $1.7M | $1.6M | $3.4M | $5.8M | — | View 990 |
| 2016 | $1.6M | $1.7M | $3.2M | $5.8M | — | View 990 |
| 2015 | $1.6M | $1.8M | $3.4M | $5.9M | — | View 990 |
| 2014 | $1.6M | $1.7M | $3.8M | $6.0M | — | View 990 |
| 2013 | $1.5M | $1.6M | $4.0M | $6.2M | — | View 990 |
| 2012 | $1.5M | $1.6M | $4.1M | $6.2M | — | View 990 |
| 2011 | $1.5M | $1.6M | $4.2M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $2.8M (revenue +1.5% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $2.9M (revenue -2.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $3.1M (revenue +6.6% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $3.1M (revenue +-0.0% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.6M, and assets of $3.1M (revenue +4.6% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $3.1M (revenue +0.9% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $3.4M (revenue +2.0% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $3.2M (revenue +1.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.8M, and assets of $3.4M (revenue +1.4% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.7M, and assets of $3.8M (revenue +3.7% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $4.0M (revenue +0.8% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $4.1M (revenue +0.8% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.6M, and assets of $4.2M.
Data Sources and Methodology
This transparency report for Mount Zion Housing Authority Of Hammond 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.