Mumford Housing Corporation
EIN: 50396559 · Newport, RI
| Metric | Value |
|---|---|
| Total Expenses | $172K |
| Net Assets | $-216,160 |
Is Mumford Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mumford Housing Corporation
Mumford Housing Corporation (EIN: 50396559) is a nonprofit organization based in Newport, RI. The organization reported total revenue of $0 and total assets of $7K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mumford Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mumford Housing Corporation is a micro nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -100.0% | +90.8% | +33.0% |
| 2022 | -95.3% | +9035.7% | -79.2% |
| 2021 | +569933.3% | +17.1% | +302.2% |
| 2020 | -45.5% | -100.0% | -7.1% |
| 2019 | -100.0% | +325224.7% | -99.5% |
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 Mumford Housing Corporation 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 Mumford Housing Corporation 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:
- Debt-to-asset ratio: 1871.8%.
Frequently Asked Questions about Mumford Housing Corporation
Is Mumford Housing Corporation a legitimate charity?
Mumford Housing Corporation (EIN: 50396559) is a registered tax-exempt nonprofit based in Rhode Island. It has 13 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does Mumford Housing Corporation spend its money?
Mumford Housing Corporation reported its financials 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 Mumford Housing Corporation tax-deductible?
Mumford Housing Corporation is registered as a tax-exempt nonprofit (EIN: 50396559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mumford Housing Corporation located?
Mumford Housing Corporation is headquartered in Newport, Rhode Island and files with the IRS under EIN 50396559.
How many years of IRS 990 filings does Mumford Housing Corporation have?
Mumford Housing Corporation 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.
Filing History
IRS 990 filing history for Mumford Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mumford Housing Corporation's revenue has declined by 100%, moving from $83K to $0. Total assets decreased by 99.3% over the same period, from $1.8M to $12K. Total functional expenses rose by 32954%, from $520 to $172K. The organization holds $228K in liabilities against $12K in assets (debt-to-asset ratio: 1871.8%), resulting in net assets of $-216,160.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $0 | $172K | $12K | $228K | — | — |
| 2022 | $2K | $90K | $9K | $53K | — | View 990 |
| 2021 | $34K | $986 | $44K | $0 | — | — |
| 2020 | $6 | $842 | $11K | $0 | — | View 990 |
| 2019 | $11 | $2.4M | $12K | $0 | — | View 990 |
| 2018 | $114K | $750 | $2.5M | $0 | — | View 990 |
| 2017 | $110K | $2K | $2.3M | $0 | — | View 990 |
| 2016 | $106K | $720 | $2.2M | $0 | — | View 990 |
| 2015 | $101K | $520 | $2.1M | $0 | — | View 990 |
| 2014 | $96K | $519 | $2.0M | $0 | — | View 990 |
| 2013 | $91K | $520 | $1.9M | $0 | — | View 990 |
| 2012 | $87K | $520 | $1.8M | $0 | — | View 990 |
| 2011 | $83K | $520 | $1.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $0, expenses of $172K, and assets of $12K (revenue -100.0% year-over-year).
- 2022: Revenue of $2K, expenses of $90K, and assets of $9K (revenue -95.3% year-over-year).
- 2021: Revenue of $34K, expenses of $986, and assets of $44K (revenue +569933.3% year-over-year).
- 2020: Revenue of $6, expenses of $842, and assets of $11K (revenue -45.5% year-over-year).
- 2019: Revenue of $11, expenses of $2.4M, and assets of $12K (revenue -100.0% year-over-year).
- 2018: Revenue of $114K, expenses of $750, and assets of $2.5M (revenue +3.6% year-over-year).
- 2017: Revenue of $110K, expenses of $2K, and assets of $2.3M (revenue +3.8% year-over-year).
- 2016: Revenue of $106K, expenses of $720, and assets of $2.2M (revenue +5.0% year-over-year).
- 2015: Revenue of $101K, expenses of $520, and assets of $2.1M (revenue +5.0% year-over-year).
- 2014: Revenue of $96K, expenses of $519, and assets of $2.0M (revenue +5.1% year-over-year).
- 2013: Revenue of $91K, expenses of $520, and assets of $1.9M (revenue +5.0% year-over-year).
- 2012: Revenue of $87K, expenses of $520, and assets of $1.8M (revenue +5.0% year-over-year).
- 2011: Revenue of $83K, expenses of $520, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mumford Housing Corporation:
Data Sources and Methodology
This transparency report for Mumford Housing Corporation 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.