Nevada Rural Housing Inc
Nevada Rural Housing Inc. experiences volatile revenue with no reported officer compensation.
EIN: 201594213 · Carson City, NV · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $311K |
| Total Expenses | $121K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $716K |
| Transparency Score | 70/100 |
Is Nevada Rural Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nevada Rural Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nevada Rural Housing Inc
Nevada Rural Housing Inc (EIN: 201594213) is a nonprofit organization based in Carson City, NV, classified under NTEE code L20. The organization reported total revenue of $311K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nevada Rural Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nevada Rural Housing Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $121K |
| Surplus / Deficit | +$90K |
| Total Assets | $849K |
| Total Liabilities | $134K |
| Net Assets | $716K |
| Operating Margin | 42.8% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 84.2 months |
Financial Health Grade: A
In 2023, Nevada Rural Housing Inc reported a surplus of $90K with revenue exceeding expenses, holds 84.2 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Nevada Rural Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -124.7% | -16.4% | -23.9% |
| 2021 | +372.2% | +9.0% | +35.5% |
| 2020 | -74.2% | -2.9% | -66.8% |
| 2019 | +775.3% | +5.1% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Nevada Rural Housing Inc with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Nevada Rural Housing Inc 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 $90K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with over $1 million in assets.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Nevada Rural Housing Inc's IRS 990 filings:
- Highly volatile revenue, including a negative revenue year ($-98,182 in 2022).
- Significant decrease in assets from $2.1M in 2019 to $0.8M in 2023 without clear explanation in provided data.
- Unusually consistent zero officer compensation for an organization with over $1 million in assets, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Nevada Rural Housing Inc:
- Consistent reporting of 0% officer compensation, indicating strong transparency in this area.
- Assets consistently exceed liabilities, suggesting solvency despite revenue fluctuations.
- Long filing history (12 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Nevada Rural Housing Inc
Is Nevada Rural Housing Inc a legitimate charity?
Nevada Rural Housing Inc (EIN: 201594213) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 70/100. It has 12 years of IRS 990 filings on record. Total revenue: $311K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Nevada Rural Housing Inc spend its money?
Nevada Rural Housing Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nevada Rural Housing Inc tax-deductible?
Nevada Rural Housing Inc is registered as a tax-exempt nonprofit (EIN: 201594213). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nevada Rural Housing Inc CEO make?
Nevada Rural Housing Inc's highest-compensated officer earns $1 annually. The organization reported $311K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nevada Rural Housing Inc's spending goes to programs?
Nevada Rural Housing Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nevada Rural Housing Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Nevada Rural Housing Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nevada Rural Housing Inc located?
Nevada Rural Housing Inc is headquartered in Carson City, Nevada and files with the IRS under EIN 201594213. It is classified under NTEE code L20.
How many years of IRS 990 filings does Nevada Rural Housing Inc have?
Nevada Rural Housing Inc has 12 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 $311K in total revenue.
Is Nevada Rural Housing Inc. financially stable given its revenue volatility?
The organization's revenue has been highly volatile, including a negative revenue year in 2022 ($-98,182). While assets have generally exceeded liabilities, the significant swings suggest potential challenges in long-term financial planning and stability.
Why is officer compensation consistently reported as zero?
All available IRS 990 filings show 0% officer compensation. This could mean that officers are volunteers, compensated by a related entity, or that the organization's structure does not involve paid officers in the traditional sense, which is a notable point for an organization with over $1 million in assets.
What caused the significant drop in assets from $2,165,400 in 2019 to $849,445 in 2023?
The filings show a substantial decrease in assets over this period, accompanied by a reduction in liabilities from $2,036,292 to $133,678. This suggests a significant restructuring or divestment of assets, possibly related to a specific project or program completion.
Filing History
IRS 990 filing history for Nevada Rural Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Nevada Rural Housing Inc's revenue has grown by 288.1%, moving from $54K to $211K. Total assets increased by 287.1% over the same period, from $219K to $849K. Total functional expenses rose by 30.3%, from $93K to $121K. In its most recent filing year (2023), Nevada Rural Housing Inc reported a surplus of $90K, with revenue exceeding expenses. The organization holds $134K in liabilities against $849K in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $716K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $121K | $849K | $134K | — | View 990 |
| 2022 | $-98,182 | $120K | $741K | $116K | — | View 990 |
| 2021 | $398K | $143K | $975K | $132K | — | View 990 |
| 2020 | $84K | $131K | $719K | $131K | — | View 990 |
| 2019 | $327K | $135K | $2.2M | $2.0M | — | View 990 |
| 2018 | $37K | $129K | $2.0M | $2.1M | — | View 990 |
| 2017 | $155K | $58K | $693K | $112K | — | View 990 |
| 2016 | $369K | $56K | $581K | $112K | — | — |
| 2015 | $112K | $42K | $267K | $112K | — | View 990 |
| 2014 | $25K | $98K | $198K | $112K | — | View 990 |
| 2013 | $175K | $124K | $271K | $112K | — | View 990 |
| 2012 | $54K | $93K | $219K | $112K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $121K, and assets of $849K.
- 2022: Revenue of $-98,182, expenses of $120K, and assets of $741K (revenue -124.7% year-over-year).
- 2021: Revenue of $398K, expenses of $143K, and assets of $975K (revenue +372.2% year-over-year).
- 2020: Revenue of $84K, expenses of $131K, and assets of $719K (revenue -74.2% year-over-year).
- 2019: Revenue of $327K, expenses of $135K, and assets of $2.2M (revenue +775.3% year-over-year).
- 2018: Revenue of $37K, expenses of $129K, and assets of $2.0M (revenue -75.9% year-over-year).
- 2017: Revenue of $155K, expenses of $58K, and assets of $693K (revenue -57.9% year-over-year).
- 2016: Revenue of $369K, expenses of $56K, and assets of $581K (revenue +230.0% year-over-year).
- 2015: Revenue of $112K, expenses of $42K, and assets of $267K (revenue +338.5% year-over-year).
- 2014: Revenue of $25K, expenses of $98K, and assets of $198K (revenue -85.4% year-over-year).
- 2013: Revenue of $175K, expenses of $124K, and assets of $271K (revenue +221.5% year-over-year).
- 2012: Revenue of $54K, expenses of $93K, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nevada Rural Housing Inc:
Data Sources and Methodology
This transparency report for Nevada Rural Housing 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.