National Association Of Housing & Redevelopment Officials
National Association Of Housing & Redevelopment Officials shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 10436340 · Glastonbury, CT · Updated: 2026-03-26
Is National Association Of Housing & Redevelopment Officials Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Association Of Housing & Redevelopment Officials directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Association Of Housing & Redevelopment Officials
National Association Of Housing & Redevelopment Officials (EIN: 10436340) is a nonprofit organization based in Glastonbury, CT. The organization reported total revenue of $296K and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Association Of Housing & Redevelopment Officials's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Association Of Housing & Redevelopment Officials is a small nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $397K |
| Total Expenses | $304K |
| Surplus / Deficit | +$93K |
| Total Assets | $567K |
| Total Liabilities | $101K |
| Net Assets | $466K |
| Operating Margin | 23.5% |
| Debt-to-Asset Ratio | 17.8% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2023, National Association Of Housing & Redevelopment Officials reported a surplus of $93K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 17.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), National Association Of Housing & Redevelopment Officials's revenue has grown at a compound annual growth rate (CAGR) of 17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +226.2% | +211.5% | +50.0% |
| 2022 | -19.7% | -4.7% | +9.2% |
| 2021 | -22.6% | +21.0% | +17.3% |
| 2020 | +31.8% | +6.2% | +55.5% |
| 2019 | +4.4% | +3.8% | +57.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1989 |
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 Association Of Housing & Redevelopment Officials with a Mission Score of 85 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: 80%
- fundraising: 5%
According to IRS 990 filings, National Association Of Housing & Redevelopment Officials allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $93K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through non-officer roles, which is a positive for resource allocation to mission-related activities.
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 Association Of Housing & Redevelopment Officials's IRS 990 filings:
- NTEE Code is unknown, which can make it harder to benchmark against similar organizations.
Strengths
The following positive indicators were identified for National Association Of Housing & Redevelopment Officials:
- Consistent revenue growth, from $56,192 in 2016 to $397,184 in 2023.
- Healthy asset accumulation, reaching $567,088 in 2023 from $24,505 in 2016.
- Zero reported officer compensation, indicating efficient use of funds for mission.
- Expenses consistently lower than revenue in recent years, demonstrating sound financial management.
- Low liabilities relative to assets, indicating good financial health.
Frequently Asked Questions about National Association Of Housing & Redevelopment Officials
Is National Association Of Housing & Redevelopment Officials a legitimate charity?
Based on AI analysis of IRS 990 filings, National Association Of Housing & Redevelopment Officials (EIN: 10436340) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does National Association Of Housing & Redevelopment Officials spend its money?
National Association Of Housing & Redevelopment Officials directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to National Association Of Housing & Redevelopment Officials tax-deductible?
National Association Of Housing & Redevelopment Officials is registered as a tax-exempt nonprofit (EIN: 10436340). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the National Association Of Housing & Redevelopment Officials financially stable?
Yes, the organization appears financially stable, with consistent revenue growth and assets increasing from $24,505 in 2016 to $567,088 in 2023, and liabilities remaining relatively low.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that executive leadership is either unpaid or compensated through other means not categorized as officer compensation.
What is the trend in the organization's revenue and expenses?
Revenue has shown a strong upward trend, particularly from $56,192 in 2016 to $397,184 in 2023, consistently exceeding expenses in recent years, allowing for asset growth.
Filing History
IRS 990 filing history for National Association Of Housing & Redevelopment Officials showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), National Association Of Housing & Redevelopment Officials's revenue has grown by 616.2%, moving from $55K to $397K. Total assets increased by 384.1% over the same period, from $117K to $567K. Total functional expenses rose by 303%, from $75K to $304K. In its most recent filing year (2023), National Association Of Housing & Redevelopment Officials reported a surplus of $93K, with revenue exceeding expenses. The organization holds $101K in liabilities against $567K in assets (debt-to-asset ratio: 17.8%), resulting in net assets of $466K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $397K | $304K | $567K | $101K | — | — |
| 2022 | $122K | $98K | $378K | $5K | — | View 990 |
| 2021 | $152K | $102K | $346K | $2K | — | View 990 |
| 2020 | $196K | $85K | $295K | $0 | — | — |
| 2019 | $149K | $80K | $190K | $0 | — | View 990 |
| 2018 | $142K | $77K | $121K | $0 | — | View 990 |
| 2016 | $56K | $64K | $25K | $0 | — | View 990 |
| 2015 | $55K | $68K | $37K | $5K | — | View 990 |
| 2013 | $361 | $77K | $37K | $0 | — | View 990 |
| 2013 | $102K | $95K | $112K | $0 | — | View 990 |
| 2012 | $61K | $69K | $107K | $0 | — | View 990 |
| 2011 | $55K | $75K | $117K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $397K, expenses of $304K, and assets of $567K (revenue +226.2% year-over-year).
- 2022: Revenue of $122K, expenses of $98K, and assets of $378K (revenue -19.7% year-over-year).
- 2021: Revenue of $152K, expenses of $102K, and assets of $346K (revenue -22.6% year-over-year).
- 2020: Revenue of $196K, expenses of $85K, and assets of $295K (revenue +31.8% year-over-year).
- 2019: Revenue of $149K, expenses of $80K, and assets of $190K (revenue +4.4% year-over-year).
- 2018: Revenue of $142K, expenses of $77K, and assets of $121K (revenue +153.2% year-over-year).
- 2016: Revenue of $56K, expenses of $64K, and assets of $25K (revenue +2.5% year-over-year).
- 2015: Revenue of $55K, expenses of $68K, and assets of $37K (revenue +15079.8% year-over-year).
- 2013: Revenue of $361, expenses of $77K, and assets of $37K (revenue -99.6% year-over-year).
- 2013: Revenue of $102K, expenses of $95K, and assets of $112K (revenue +67.8% year-over-year).
- 2012: Revenue of $61K, expenses of $69K, and assets of $107K (revenue +9.2% year-over-year).
- 2011: Revenue of $55K, expenses of $75K, and assets of $117K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Association Of Housing & Redevelopment Officials:
Data Sources and Methodology
This transparency report for National Association Of Housing & Redevelopment Officials 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.