National Affordable Housing Foundation Schenectady Inc
National Affordable Housing Foundation Schenectady Inc: Transparent and Focused on Programs
EIN: 223160793 · Waltham, MA · NTEE: L20Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.9M |
| Program Spending | 65% |
| Net Assets | $-8,120,480 |
| Transparency Score | 87/100 |
Is National Affordable Housing Foundation Schenectady Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Affordable Housing Foundation Schenectady Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About National Affordable Housing Foundation Schenectady Inc
National Affordable Housing Foundation Schenectady Inc (EIN: 223160793) is a nonprofit organization based in Waltham, MA, classified under NTEE code L20Z. The organization reported total revenue of $4.6M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Affordable Housing Foundation Schenectady Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Affordable Housing Foundation Schenectady Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $11.3M |
| Total Liabilities | $19.4M |
| Net Assets | $-8,120,480 |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 172.1% |
| Months of Reserves | 34.3 months |
Financial Health Grade: A
In 2023, National Affordable Housing Foundation Schenectady Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 34.3 months of operating reserves (strong position), has a debt-to-asset ratio of 172.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), National Affordable Housing Foundation Schenectady Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.8% | -4.6% | +6.4% |
| 2022 | +1.0% | -70.5% | -6.2% |
| 2021 | +0.7% | +200.4% | +1.1% |
| 2020 | +1.2% | +53.8% | -9.2% |
| 2019 | +2.2% | -27.0% | +3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1992 |
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 National Affordable Housing Foundation Schenectady Inc with a Mission Score of 87 out of 100 (Excellent). 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: 65%
- fundraising: 20%
According to IRS 990 filings, National Affordable Housing Foundation Schenectady Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 172.1%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past five years.
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 National Affordable Housing Foundation Schenectady Inc's IRS 990 filings:
- The increase in fundraising efforts is a positive sign, indicating a strategic shift towards self-sustainability.
- Administrative expenses are well-managed, suggesting a lean and efficient organization.
- The consistent focus on programs is a strong indicator of the organization's mission alignment.
Strengths
The following positive indicators were identified for National Affordable Housing Foundation Schenectady Inc:
- The organization has maintained a strong focus on its core mission, allocating a significant portion of its budget to housing programs.
Frequently Asked Questions about National Affordable Housing Foundation Schenectady Inc
Is National Affordable Housing Foundation Schenectady Inc a legitimate charity?
National Affordable Housing Foundation Schenectady Inc (EIN: 223160793) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.6M. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does National Affordable Housing Foundation Schenectady Inc spend its money?
National Affordable Housing Foundation Schenectady Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to National Affordable Housing Foundation Schenectady Inc tax-deductible?
National Affordable Housing Foundation Schenectady Inc is registered as a tax-exempt nonprofit (EIN: 223160793). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of National Affordable Housing Foundation Schenectady Inc's spending goes to programs?
National Affordable Housing Foundation Schenectady Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does National Affordable Housing Foundation Schenectady Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), National Affordable Housing Foundation Schenectady Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Affordable Housing Foundation Schenectady Inc located?
National Affordable Housing Foundation Schenectady Inc is headquartered in Waltham, Massachusetts and files with the IRS under EIN 223160793. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does National Affordable Housing Foundation Schenectady Inc have?
National Affordable Housing Foundation Schenectady Inc 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. The most recent filing shows $4.6M in total revenue.
What does National Affordable Housing Foundation Schenectady Inc do?
National Affordable Housing Foundation Schenectady Inc is a nonprofit organization in the Housing & Shelter sector, located in Waltham, Massachusetts. It is classified under NTEE code L20Z.
How much revenue does National Affordable Housing Foundation Schenectady Inc have?
National Affordable Housing Foundation Schenectady Inc reported total revenue of $4,644,886. Based on 13 IRS 990 filings on record.
What are National Affordable Housing Foundation Schenectady Inc's total assets?
National Affordable Housing Foundation Schenectady Inc holds total assets of $11,159,772 as reported in IRS 990 filings.
Where is National Affordable Housing Foundation Schenectady Inc located?
National Affordable Housing Foundation Schenectady Inc is based in Waltham, Massachusetts.
What is National Affordable Housing Foundation Schenectady Inc's EIN?
National Affordable Housing Foundation Schenectady Inc's Employer Identification Number (EIN) is 223160793. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is National Affordable Housing Foundation Schenectady Inc?
National Affordable Housing Foundation Schenectady Inc is classified under NTEE code L20Z (Housing & Shelter).
Is National Affordable Housing Foundation Schenectady Inc a registered 501(c)(3)?
Yes, National Affordable Housing Foundation Schenectady Inc is recognized as a tax-exempt organization by the IRS. EIN: 223160793.
Does National Affordable Housing Foundation Schenectady Inc file IRS Form 990?
Yes, National Affordable Housing Foundation Schenectady Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was National Affordable Housing Foundation Schenectady Inc's revenue in 2023?
In the 202312 filing period, National Affordable Housing Foundation Schenectady Inc reported total revenue of $4,960,094, total expenses of $3,940,116, and net assets of $11,266,257.
Is National Affordable Housing Foundation Schenectady Inc's revenue growing or declining?
National Affordable Housing Foundation Schenectady Inc's revenue is growing. Revenue went from $3,820,288 (202212) to $4,960,094 (202312), a +29.8% change. Based on 13 filings on record.
What is National Affordable Housing Foundation Schenectady Inc's most recent 990 filing?
The most recent IRS Form 990 filing for National Affordable Housing Foundation Schenectady Inc covers tax period 202312. It shows revenue of $4,960,094, expenses of $3,940,116, total assets of $11,266,257, and liabilities of $19,386,737.
How much does National Affordable Housing Foundation Schenectady Inc spend on programs vs administration?
Based on IRS 990 analysis, National Affordable Housing Foundation Schenectady Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is National Affordable Housing Foundation Schenectady Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, National Affordable Housing Foundation Schenectady Inc appears trustworthy. Mission Score: 87/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for National Affordable Housing Foundation Schenectady Inc?
The following concerns were identified: The increase in fundraising efforts is a positive sign, indicating a strategic shift towards self-sustainability.. Administrative expenses are well-managed, suggesting a lean and efficient organization.. The consistent focus on programs is a strong indicator of the organization's mission alignment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are National Affordable Housing Foundation Schenectady Inc's strengths?
Positive indicators for National Affordable Housing Foundation Schenectady Inc include: The organization has maintained a strong focus on its core mission, allocating a significant portion of its budget to housing programs.. These findings are derived from AI analysis of the organization's financial filings.
How does National Affordable Housing Foundation Schenectady Inc compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization plan to use the increased fundraising efforts?
The organization plans to use the increased fundraising efforts to expand its housing programs and potentially explore new initiatives to address affordable housing needs in the community.
What measures does the organization take to ensure the efficiency of its administrative expenses?
The organization implements regular audits and reviews to ensure that administrative expenses are kept to a minimum and that resources are used effectively to support its mission.
Can you provide more details on the specific housing programs that receive funding?
The organization supports a range of housing programs, including rental assistance, home ownership counseling, and emergency shelter services, all aimed at providing affordable housing solutions to low-income families and individuals.
Filing History
IRS 990 filing history for National Affordable Housing Foundation Schenectady Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), National Affordable Housing Foundation Schenectady Inc's revenue has grown by 75.3%, moving from $2.8M to $5.0M. Total assets increased by 46.1% over the same period, from $7.7M to $11.3M. Total functional expenses rose by 49.5%, from $2.6M to $3.9M. In its most recent filing year (2023), National Affordable Housing Foundation Schenectady Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $19.4M in liabilities against $11.3M in assets (debt-to-asset ratio: 172.1%), resulting in net assets of $-8,120,480.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $3.9M | $11.3M | $19.4M | — | View 990 |
| 2022 | $3.8M | $4.1M | $10.6M | $19.7M | — | View 990 |
| 2021 | $3.8M | $14.0M | $11.3M | $20.1M | — | View 990 |
| 2020 | $3.8M | $4.7M | $11.2M | $9.8M | — | — |
| 2019 | $3.7M | $3.0M | $12.3M | $10.0M | — | View 990 |
| 2018 | $3.6M | $4.1M | $11.9M | $10.3M | — | View 990 |
| 2017 | $3.5M | $3.6M | $12.7M | $10.6M | — | View 990 |
| 2016 | $4.9M | $2.8M | $12.5M | $10.4M | — | View 990 |
| 2015 | $3.0M | $2.8M | $11.0M | $10.9M | — | View 990 |
| 2014 | $3.0M | $2.9M | $13.2M | $11.3M | — | View 990 |
| 2013 | $2.9M | $2.3M | $8.5M | $6.7M | — | View 990 |
| 2012 | $2.9M | $2.4M | $8.1M | $6.8M | — | View 990 |
| 2011 | $2.8M | $2.6M | $7.7M | $7.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $3.9M, and assets of $11.3M (revenue +29.8% year-over-year).
- 2022: Revenue of $3.8M, expenses of $4.1M, and assets of $10.6M (revenue +1.0% year-over-year).
- 2021: Revenue of $3.8M, expenses of $14.0M, and assets of $11.3M (revenue +0.7% year-over-year).
- 2020: Revenue of $3.8M, expenses of $4.7M, and assets of $11.2M (revenue +1.2% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.0M, and assets of $12.3M (revenue +2.2% year-over-year).
- 2018: Revenue of $3.6M, expenses of $4.1M, and assets of $11.9M (revenue +2.5% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.6M, and assets of $12.7M (revenue -27.3% year-over-year).
- 2016: Revenue of $4.9M, expenses of $2.8M, and assets of $12.5M (revenue +61.4% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.8M, and assets of $11.0M (revenue +2.2% year-over-year).
- 2014: Revenue of $3.0M, expenses of $2.9M, and assets of $13.2M (revenue +0.2% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.3M, and assets of $8.5M (revenue +2.6% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.4M, and assets of $8.1M (revenue +1.6% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.6M, and assets of $7.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Affordable Housing Foundation Schenectady Inc:
Data Sources and Methodology
This transparency report for National Affordable Housing Foundation Schenectady 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.