Mutual Housing Association Of Southwestern Connecticut Inc
Mutual Housing Association of Southwestern CT: Stable Operations, Declining Assets
EIN: 223035152 · Trumbull, CT · NTEE: L25 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.3M |
| Total Expenses | $3.1M |
| Program Spending | 70% |
| Net Assets | $11.2M |
| Transparency Score | 75/100 |
Is Mutual Housing Association Of Southwestern Connecticut 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 Southwestern Connecticut Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mutual Housing Association Of Southwestern Connecticut Inc
Mutual Housing Association Of Southwestern Connecticut Inc (EIN: 223035152) is a nonprofit organization based in Trumbull, CT, classified under NTEE code L25. The organization reported total revenue of $12.3M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mutual Housing Association Of Southwestern Connecticut Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mutual Housing Association Of Southwestern Connecticut Inc is a large nonprofit that has been operating for 36 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-809,260 |
| Total Assets | $15.5M |
| Total Liabilities | $4.3M |
| Net Assets | $11.2M |
| Operating Margin | -35.2% |
| Debt-to-Asset Ratio | 27.9% |
| Months of Reserves | 60.0 months |
Financial Health Grade: B
In 2023, Mutual Housing Association Of Southwestern Connecticut Inc reported a deficit of $809K with expenses exceeding revenue, holds 60.0 months of operating reserves (strong position), has a debt-to-asset ratio of 27.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), Mutual Housing Association Of Southwestern Connecticut Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +80.3% | +10.1% | -4.3% |
| 2022 | -52.1% | +13.3% | -3.2% |
| 2021 | +69.5% | -15.7% | +2.0% |
| 2020 | -16.3% | +35.2% | -13.5% |
| 2019 | -6.9% | -17.8% | -3.4% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mutual Housing Association Of Southwestern Connecticut 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Mutual Housing Association Of Southwestern Connecticut Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $809K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.9%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags indicating excessive pay based on available filings.
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 Southwestern Connecticut Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $19,813,417 in 2017 to $15,532,848 in 2023, warranting further investigation into the cause.
- The organization consistently reports 0% for 'compensation of officers, directors, trustees, key employees, and highest compensated employees' in its 990-EZ filings, which is unusual and may indicate a reporting anomaly or specific compensation structure not fully detailed.
Strengths
The following positive indicators were identified for Mutual Housing Association Of Southwestern Connecticut Inc:
- Consistent revenue generation over several years, indicating stable operational funding.
- Low liability-to-asset ratio, suggesting good financial health and limited debt burden.
- Long-standing presence in the community (Trumbull, CT) with a clear mission related to housing.
Frequently Asked Questions about Mutual Housing Association Of Southwestern Connecticut Inc
Is Mutual Housing Association Of Southwestern Connecticut Inc a legitimate charity?
Mutual Housing Association Of Southwestern Connecticut Inc (EIN: 223035152) 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: $12.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Mutual Housing Association Of Southwestern Connecticut Inc spend its money?
Mutual Housing Association Of Southwestern Connecticut Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Mutual Housing Association Of Southwestern Connecticut Inc tax-deductible?
Mutual Housing Association Of Southwestern Connecticut Inc is registered as a tax-exempt nonprofit (EIN: 223035152). 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 Southwestern Connecticut Inc's spending goes to programs?
Mutual Housing Association Of Southwestern Connecticut Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mutual Housing Association Of Southwestern Connecticut Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mutual Housing Association Of Southwestern Connecticut Inc is above average for NTEE category L25 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mutual Housing Association Of Southwestern Connecticut Inc located?
Mutual Housing Association Of Southwestern Connecticut Inc is headquartered in Trumbull, Connecticut and files with the IRS under EIN 223035152. It is classified under NTEE code L25.
How many years of IRS 990 filings does Mutual Housing Association Of Southwestern Connecticut Inc have?
Mutual Housing Association Of Southwestern Connecticut 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 $12.3M in total revenue.
What does Mutual Housing Association Of Southwestern Connecticut Inc do?
Mutual Housing Association Of Southwestern Connecticut Inc is a nonprofit organization in the Housing & Shelter sector, located in Trumbull, Connecticut. It is classified under NTEE code L25.
How much revenue does Mutual Housing Association Of Southwestern Connecticut Inc have?
Mutual Housing Association Of Southwestern Connecticut Inc reported total revenue of $12,330,874. Based on 14 IRS 990 filings on record.
What are Mutual Housing Association Of Southwestern Connecticut Inc's total assets?
Mutual Housing Association Of Southwestern Connecticut Inc holds total assets of $15,026,445 as reported in IRS 990 filings.
Where is Mutual Housing Association Of Southwestern Connecticut Inc located?
Mutual Housing Association Of Southwestern Connecticut Inc is based in Trumbull, Connecticut.
What is Mutual Housing Association Of Southwestern Connecticut Inc's EIN?
Mutual Housing Association Of Southwestern Connecticut Inc's Employer Identification Number (EIN) is 223035152. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mutual Housing Association Of Southwestern Connecticut Inc?
Mutual Housing Association Of Southwestern Connecticut Inc is classified under NTEE code L25 (Housing & Shelter).
Is Mutual Housing Association Of Southwestern Connecticut Inc a registered 501(c)(3)?
Yes, Mutual Housing Association Of Southwestern Connecticut Inc is recognized as a tax-exempt organization by the IRS. EIN: 223035152.
Does Mutual Housing Association Of Southwestern Connecticut Inc file IRS Form 990?
Yes, Mutual Housing Association Of Southwestern Connecticut Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mutual Housing Association Of Southwestern Connecticut Inc's revenue in 2023?
In the 202312 filing period, Mutual Housing Association Of Southwestern Connecticut Inc reported total revenue of $2,299,241, total expenses of $3,108,501, and net assets of $15,532,848.
Is Mutual Housing Association Of Southwestern Connecticut Inc's revenue growing or declining?
Mutual Housing Association Of Southwestern Connecticut Inc's revenue is growing. Revenue went from $1,274,963 (202212) to $2,299,241 (202312), a +80.3% change. Based on 14 filings on record.
What is Mutual Housing Association Of Southwestern Connecticut Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Mutual Housing Association Of Southwestern Connecticut Inc covers tax period 202312. It shows revenue of $2,299,241, expenses of $3,108,501, total assets of $15,532,848, and liabilities of $4,335,419.
How much does Mutual Housing Association Of Southwestern Connecticut Inc spend on programs vs administration?
Based on IRS 990 analysis, Mutual Housing Association Of Southwestern Connecticut Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Mutual Housing Association Of Southwestern Connecticut Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Mutual Housing Association Of Southwestern Connecticut 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 Southwestern Connecticut Inc?
The following concerns were identified: Total assets have shown a consistent decline from $19,813,417 in 2017 to $15,532,848 in 2023, warranting further investigation into the cause.. The organization consistently reports 0% for 'compensation of officers, directors, trustees, key employees, and highest compensated employees' in its 990-EZ filings, which is unusual and may indicate a reporting anomaly or specific compensation structure not fully detailed.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mutual Housing Association Of Southwestern Connecticut Inc's strengths?
Positive indicators for Mutual Housing Association Of Southwestern Connecticut Inc include: Consistent revenue generation over several years, indicating stable operational funding.. Low liability-to-asset ratio, suggesting good financial health and limited debt burden.. Long-standing presence in the community (Trumbull, CT) with a clear mission related to housing.. These findings are derived from AI analysis of the organization's financial filings.
How does Mutual Housing Association Of Southwestern Connecticut Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags indicating excessive pay based on available filings. 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 total assets from $19.8M in 2017 to $15.5M in 2023, and how does this impact the organization's long-term sustainability?
The consistent decline in total assets, from $19,813,417 in 2017 to $15,532,848 in 2023, could be due to depreciation of properties, sale of assets without reinvestment, or operational losses. This trend, if not addressed, could limit the organization's capacity for future program expansion or capital improvements, potentially impacting long-term sustainability.
Given the 990-EZ filings consistently report 0% for key employee compensation, how is executive compensation structured and what are the actual amounts paid to key personnel?
The consistent reporting of 0% for key employee compensation in the 990-EZ filings is highly unusual. This could indicate that compensation is reported under a different line item, paid by a related entity, or that the organization's specific structure allows for this reporting. Without further detail, it's difficult to ascertain the actual compensation for key personnel, which is a transparency concern.
Filing History
IRS 990 filing history for Mutual Housing Association Of Southwestern Connecticut Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Mutual Housing Association Of Southwestern Connecticut Inc's revenue has declined by 32.9%, moving from $3.4M to $2.3M. Total assets decreased by 40.3% over the same period, from $26.0M to $15.5M. Total functional expenses fell by 26.4%, from $4.2M to $3.1M. In its most recent filing year (2023), Mutual Housing Association Of Southwestern Connecticut Inc reported a deficit of $809K, with expenses exceeding revenue. The organization holds $4.3M in liabilities against $15.5M in assets (debt-to-asset ratio: 27.9%), resulting in net assets of $11.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $3.1M | $15.5M | $4.3M | — | View 990 |
| 2022 | $1.3M | $2.8M | $16.2M | $4.2M | — | View 990 |
| 2021 | $2.7M | $2.5M | $16.8M | $3.2M | — | View 990 |
| 2020 | $1.6M | $3.0M | $16.4M | $3.1M | — | View 990 |
| 2019 | $1.9M | $2.2M | $19.0M | $4.2M | — | View 990 |
| 2018 | $2.0M | $2.7M | $19.7M | $5.0M | — | View 990 |
| 2017 | $1.9M | $2.6M | $19.8M | $4.6M | — | View 990 |
| 2016 | $5.7M | $2.7M | $19.6M | $3.7M | — | View 990 |
| 2015 | $3.3M | $2.6M | $17.6M | $5.2M | — | View 990 |
| 2014 | $2.6M | $2.7M | $18.4M | $4.4M | — | View 990 |
| 2013 | $3.1M | $3.3M | $19.5M | $6.6M | — | View 990 |
| 2012 | $3.5M | $3.0M | $20.2M | $7.1M | — | View 990 |
| 2011 | $2.8M | $1.9M | $27.2M | $14.0M | — | View 990 |
| 2011 | $3.4M | $4.2M | $26.0M | $12.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $3.1M, and assets of $15.5M (revenue +80.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $2.8M, and assets of $16.2M (revenue -52.1% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.5M, and assets of $16.8M (revenue +69.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $3.0M, and assets of $16.4M (revenue -16.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.2M, and assets of $19.0M (revenue -6.9% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.7M, and assets of $19.7M (revenue +5.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.6M, and assets of $19.8M (revenue -66.6% year-over-year).
- 2016: Revenue of $5.7M, expenses of $2.7M, and assets of $19.6M (revenue +74.9% year-over-year).
- 2015: Revenue of $3.3M, expenses of $2.6M, and assets of $17.6M (revenue +27.3% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.7M, and assets of $18.4M (revenue -16.6% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.3M, and assets of $19.5M (revenue -12.1% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.0M, and assets of $20.2M (revenue +26.6% year-over-year).
- 2011: Revenue of $2.8M, expenses of $1.9M, and assets of $27.2M (revenue -19.0% year-over-year).
- 2011: Revenue of $3.4M, expenses of $4.2M, and assets of $26.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mutual Housing Association Of Southwestern Connecticut Inc:
Data Sources and Methodology
This transparency report for Mutual Housing Association Of Southwestern Connecticut 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.