Mutual Housing Association Of Greater Hartford Inc
Mutual Housing Association of Greater Hartford: Strong Asset Growth, but Transparency Lacking on Program Spending Details
EIN: 222925052 · Hartford, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $6.0M |
| Program Spending | 80% |
| Net Assets | $27.0M |
| Transparency Score | 75/100 |
Is Mutual Housing Association Of Greater Hartford Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mutual Housing Association Of Greater Hartford Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mutual Housing Association Of Greater Hartford Inc
Mutual Housing Association Of Greater Hartford Inc (EIN: 222925052) is a nonprofit organization based in Hartford, CT. The organization reported total revenue of $3.0M and total assets of $32.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mutual Housing Association Of Greater Hartford Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mutual Housing Association Of Greater Hartford Inc is a mid-size nonprofit that has been operating for 38 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-1,205,903 |
| Total Assets | $39.6M |
| Total Liabilities | $12.6M |
| Net Assets | $27.0M |
| Operating Margin | -25.0% |
| Debt-to-Asset Ratio | 31.8% |
| Months of Reserves | 78.7 months |
Financial Health Grade: B
In 2023, Mutual Housing Association Of Greater Hartford Inc reported a deficit of $1.2M with expenses exceeding revenue, holds 78.7 months of operating reserves (strong position), has a debt-to-asset ratio of 31.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Mutual Housing Association Of Greater Hartford Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.3% | +76.8% | +3.0% |
| 2022 | +18.3% | +5.5% | +9.3% |
| 2021 | -51.1% | -6.9% | +9.9% |
| 2020 | +192.2% | +6.9% | +4.7% |
| 2019 | -39.8% | -2.0% | -6.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Mutual Housing Association Of Greater Hartford Inc with a Mission Score of 75 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Mutual Housing Association Of Greater Hartford Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on salaries, as the provided financial filings only show total expenses.
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 Mutual Housing Association Of Greater Hartford Inc's IRS 990 filings:
- Lack of detailed program expense breakdown makes it challenging to fully understand how funds are allocated and impact achieved.
- The provided data does not include specific executive compensation figures, preventing a thorough assessment of salary reasonableness.
Strengths
The following positive indicators were identified for Mutual Housing Association Of Greater Hartford Inc:
- Consistent growth in assets from $23,007,903 in 2016 to $39,586,999 in 2023 demonstrates strong financial management and stability.
- Revenue has shown a positive trend, increasing from $3,518,260 in 2016 to $4,828,970 in 2023, indicating sustained funding or operational income.
- The organization maintains a healthy asset-to-liability ratio, with assets significantly exceeding liabilities across all reported years.
Frequently Asked Questions about Mutual Housing Association Of Greater Hartford Inc
Is Mutual Housing Association Of Greater Hartford Inc a legitimate charity?
Mutual Housing Association Of Greater Hartford Inc (EIN: 222925052) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mutual Housing Association Of Greater Hartford Inc spend its money?
Mutual Housing Association Of Greater Hartford Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Mutual Housing Association Of Greater Hartford Inc tax-deductible?
Mutual Housing Association Of Greater Hartford Inc is registered as a tax-exempt nonprofit (EIN: 222925052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mutual Housing Association Of Greater Hartford Inc's spending goes to programs?
Mutual Housing Association Of Greater Hartford Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mutual Housing Association Of Greater Hartford Inc located?
Mutual Housing Association Of Greater Hartford Inc is headquartered in Hartford, Connecticut and files with the IRS under EIN 222925052.
How many years of IRS 990 filings does Mutual Housing Association Of Greater Hartford Inc have?
Mutual Housing Association Of Greater Hartford Inc has 14 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 $3.0M in total revenue.
What does Mutual Housing Association Of Greater Hartford Inc do?
Mutual Housing Association Of Greater Hartford Inc is a nonprofit organization in the Unknown sector, located in Hartford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Mutual Housing Association Of Greater Hartford Inc have?
Mutual Housing Association Of Greater Hartford Inc reported total revenue of $3,011,932. Based on 14 IRS 990 filings on record.
What are Mutual Housing Association Of Greater Hartford Inc's total assets?
Mutual Housing Association Of Greater Hartford Inc holds total assets of $32,655,341 as reported in IRS 990 filings.
Where is Mutual Housing Association Of Greater Hartford Inc located?
Mutual Housing Association Of Greater Hartford Inc is based in Hartford, Connecticut.
What is Mutual Housing Association Of Greater Hartford Inc's EIN?
Mutual Housing Association Of Greater Hartford Inc's Employer Identification Number (EIN) is 222925052. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mutual Housing Association Of Greater Hartford Inc?
Mutual Housing Association Of Greater Hartford Inc is classified under NTEE code Unknown (Unknown).
Is Mutual Housing Association Of Greater Hartford Inc a registered 501(c)(3)?
Mutual Housing Association Of Greater Hartford Inc appears in IRS records (EIN: 222925052). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mutual Housing Association Of Greater Hartford Inc file IRS Form 990?
Yes, Mutual Housing Association Of Greater Hartford Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mutual Housing Association Of Greater Hartford Inc's revenue in 2023?
In the 202312 filing period, Mutual Housing Association Of Greater Hartford Inc reported total revenue of $4,828,970, total expenses of $6,034,873, and net assets of $39,586,999.
Is Mutual Housing Association Of Greater Hartford Inc's revenue growing or declining?
Mutual Housing Association Of Greater Hartford Inc's revenue is growing. Revenue went from $4,301,543 (202212) to $4,828,970 (202312), a +12.3% change. Based on 14 filings on record.
What is Mutual Housing Association Of Greater Hartford Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mutual Housing Association Of Greater Hartford Inc covers tax period 202312. It shows revenue of $4,828,970, expenses of $6,034,873, total assets of $39,586,999, and liabilities of $12,593,780.
How much does Mutual Housing Association Of Greater Hartford Inc spend on programs vs administration?
Based on IRS 990 analysis, Mutual Housing Association Of Greater Hartford Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Mutual Housing Association Of Greater Hartford Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mutual Housing Association Of Greater Hartford Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Mutual Housing Association Of Greater Hartford Inc?
The following concerns were identified: Lack of detailed program expense breakdown makes it challenging to fully understand how funds are allocated and impact achieved.. The provided data does not include specific executive compensation figures, preventing a thorough assessment of salary reasonableness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mutual Housing Association Of Greater Hartford Inc's strengths?
Positive indicators for Mutual Housing Association Of Greater Hartford Inc include: Consistent growth in assets from $23,007,903 in 2016 to $39,586,999 in 2023 demonstrates strong financial management and stability.. Revenue has shown a positive trend, increasing from $3,518,260 in 2016 to $4,828,970 in 2023, indicating sustained funding or operational income.. The organization maintains a healthy asset-to-liability ratio, with assets significantly exceeding liabilities across all reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does Mutual Housing Association Of Greater Hartford Inc compensate executives?
Executive compensation cannot be assessed without specific data on salaries, as the provided financial filings only show total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth, what specific strategies are in place to leverage these assets for increased program delivery or community impact?
While the financial data shows impressive asset accumulation, the filings do not detail how these growing assets are specifically deployed to enhance or expand housing programs, which would be crucial for understanding their full impact.
How does Mutual Housing Association of Greater Hartford ensure that its administrative and fundraising expenses, estimated at 20% combined, are optimized to maximize resources for direct housing services?
Without a more granular breakdown of expenses beyond total expenditures, it's difficult to ascertain the efficiency of administrative and fundraising efforts. A detailed report on these categories would clarify how the organization balances overhead with program delivery.
Filing History
IRS 990 filing history for Mutual Housing Association Of Greater Hartford Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Mutual Housing Association Of Greater Hartford Inc's revenue has grown by 163.7%, moving from $1.8M to $4.8M. Total assets increased by 179.8% over the same period, from $14.1M to $39.6M. Total functional expenses rose by 408.7%, from $1.2M to $6.0M. In its most recent filing year (2023), Mutual Housing Association Of Greater Hartford Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $12.6M in liabilities against $39.6M in assets (debt-to-asset ratio: 31.8%), resulting in net assets of $27.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $6.0M | $39.6M | $12.6M | — | — |
| 2022 | $4.3M | $3.4M | $38.4M | $10.2M | — | — |
| 2021 | $3.6M | $3.2M | $35.2M | $7.9M | — | View 990 |
| 2020 | $7.4M | $3.5M | $32.0M | $8.0M | — | — |
| 2019 | $2.5M | $3.2M | $30.6M | $10.5M | — | View 990 |
| 2018 | $4.2M | $3.3M | $32.8M | $12.5M | — | View 990 |
| 2017 | $3.5M | $2.9M | $30.4M | $11.6M | — | View 990 |
| 2016 | $3.5M | $2.1M | $23.0M | $4.4M | — | View 990 |
| 2015 | $3.5M | $1.4M | $18.4M | $2.7M | — | View 990 |
| 2014 | $1.9M | $1.3M | $16.8M | $3.2M | — | View 990 |
| 2013 | $1.1M | $1.2M | $15.2M | $2.1M | — | View 990 |
| 2012 | $1.3M | $1.4M | $15.0M | $1.5M | — | View 990 |
| 2011 | $2.9M | $678K | $16.0M | $1.3M | — | View 990 |
| 2011 | $1.8M | $1.2M | $14.1M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $6.0M, and assets of $39.6M (revenue +12.3% year-over-year).
- 2022: Revenue of $4.3M, expenses of $3.4M, and assets of $38.4M (revenue +18.3% year-over-year).
- 2021: Revenue of $3.6M, expenses of $3.2M, and assets of $35.2M (revenue -51.1% year-over-year).
- 2020: Revenue of $7.4M, expenses of $3.5M, and assets of $32.0M (revenue +192.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $3.2M, and assets of $30.6M (revenue -39.8% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.3M, and assets of $32.8M (revenue +21.6% year-over-year).
- 2017: Revenue of $3.5M, expenses of $2.9M, and assets of $30.4M (revenue -1.2% year-over-year).
- 2016: Revenue of $3.5M, expenses of $2.1M, and assets of $23.0M (revenue -0.1% year-over-year).
- 2015: Revenue of $3.5M, expenses of $1.4M, and assets of $18.4M (revenue +88.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.3M, and assets of $16.8M (revenue +64.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $15.2M (revenue -13.3% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $15.0M (revenue -55.1% year-over-year).
- 2011: Revenue of $2.9M, expenses of $678K, and assets of $16.0M (revenue +59.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.2M, and assets of $14.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mutual Housing Association Of Greater Hartford Inc:
Data Sources and Methodology
This transparency report for Mutual Housing Association Of Greater Hartford 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.