Nhf Sub Central

Nhf Sub Central maintains stable revenue and zero officer compensation amidst declining assets and substantial liabilities.

EIN: 202187167 · Alpena, MI · NTEE: S47 · Updated: 2026-03-28

$313KRevenue

$2.9MAssets

75/100Mission Score (Good)

S47

About Nhf Sub Central

Nhf Sub Central (EIN: 202187167) is a nonprofit organization based in Alpena, MI, classified under NTEE code S47. The organization reported total revenue of $313K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nhf Sub Central's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Nhf Sub Central demonstrates consistent financial activity with revenues around $313,332 in recent years, though there was a notable dip in 2014 ($126,930) and a peak in 2017 ($372,227). The organization consistently reports zero officer compensation, which is a positive indicator for donor confidence regarding executive pay. However, the organization's assets have been steadily declining from a high of $4,022,586 in 2015 to $3,015,942 in 2023, while liabilities have remained substantial, ranging from $2,478,088 to $3,772,368 over the past decade. This trend suggests a potential long-term financial sustainability concern, as the net assets (assets minus liabilities) have been shrinking.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent reporting of expenses being less than revenue in most recent years (e.g., 2023: Revenue $313,332 vs. Expenses $256,035) indicates that the organization is generally operating within its means. The lack of officer compensation is a strong point for transparency. To further enhance transparency, a more granular breakdown of expenses would be beneficial for stakeholders to understand how funds are allocated across different activities.

Overall, Nhf Sub Central appears to be a stable organization in terms of revenue and expense management, with no reported executive compensation. However, the declining asset base and significant liabilities warrant closer monitoring for long-term financial health. The organization's NTEE code S47 (Housing, Shelter) suggests a focus on direct services, which typically aligns with strong program spending, but specific percentages are not available in the provided data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Nhf Sub Central 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Nhf Sub Central allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Nhf Sub Central consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for donor trust and resource allocation.

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 Nhf Sub Central's IRS 990 filings:

Consistent decline in total assets from $4,022,586 in 2015 to $3,015,942 in 2023.
Substantial and persistent liabilities, ranging from $2,478,088 to $3,772,368, which significantly impact net assets.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a precise assessment of spending efficiency.

Strengths

The following positive indicators were identified for Nhf Sub Central:

Consistent reporting of 0% officer compensation, indicating strong financial stewardship regarding executive pay.
Generally stable revenue generation, averaging around $313,332 in recent years.
Expenses consistently below revenue in most recent periods (e.g., 2023: $256,035 expenses vs. $313,332 revenue), indicating sound operational budgeting.

Frequently Asked Questions about Nhf Sub Central

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to precisely assess spending efficiency beyond total expenses.

Why have the organization's assets been steadily declining since 2015?

Assets have decreased from $4,022,586 in 2015 to $3,015,942 in 2023. The reason for this decline is not specified in the provided data, but it could be due to asset depreciation, sale of assets, or using assets to cover liabilities or operational costs.

What are the specific liabilities totaling over $2.4 million in recent years?

The filings show liabilities ranging from $2,478,088 to $3,772,368. The nature of these substantial liabilities (e.g., mortgages, program-related investments, other debts) is not detailed in the provided summary.

How does the organization sustain operations with zero officer compensation?

The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation is categorized differently, or the organization has a unique operational model that does not involve paid officers.

Filing History

IRS 990 filing history for Nhf Sub Central showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Nhf Sub Central's revenue has grown by 176.2%, moving from $113K to $313K. Total assets increased by 109.5% over the same period, from $1.4M to $3.0M. Total functional expenses rose by 147.3%, from $104K to $256K. In its most recent filing year (2023), Nhf Sub Central reported a surplus of $57K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $3.0M in assets (debt-to-asset ratio: 82.2%), resulting in net assets of $538K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$313K	$256K	$3.0M	$2.5M	—	View 990
2022	$313K	$236K	$3.2M	$2.7M	—	View 990
2021	$313K	$242K	$3.2M	$2.8M	—	View 990
2020	$313K	$257K	$3.4M	$3.0M	—	—
2019	$313K	$296K	$3.5M	$3.2M	—	View 990
2018	$313K	$301K	$3.6M	$3.4M	—	View 990
2017	$372K	$307K	$3.8M	$3.5M	—	View 990
2016	$280K	$347K	$3.9M	$3.7M	—	View 990
2015	$369K	$257K	$4.0M	$3.8M	—	View 990
2014	$127K	$80K	$3.7M	$3.5M	—	View 990
2013	$102K	$81K	$1.4M	$1.3M	—	View 990
2012	$127K	$97K	$1.5M	$1.4M	—	View 990
2011	$113K	$104K	$1.4M	$1.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $313K, expenses of $256K, and assets of $3.0M (revenue +0.0% year-over-year).
2022: Revenue of $313K, expenses of $236K, and assets of $3.2M (revenue +0.0% year-over-year).
2021: Revenue of $313K, expenses of $242K, and assets of $3.2M (revenue +0.0% year-over-year).
2020: Revenue of $313K, expenses of $257K, and assets of $3.4M (revenue +0.0% year-over-year).
2019: Revenue of $313K, expenses of $296K, and assets of $3.5M (revenue +0.0% year-over-year).
2018: Revenue of $313K, expenses of $301K, and assets of $3.6M (revenue -15.8% year-over-year).
2017: Revenue of $372K, expenses of $307K, and assets of $3.8M (revenue +32.8% year-over-year).
2016: Revenue of $280K, expenses of $347K, and assets of $3.9M (revenue -24.1% year-over-year).
2015: Revenue of $369K, expenses of $257K, and assets of $4.0M (revenue +190.8% year-over-year).
2014: Revenue of $127K, expenses of $80K, and assets of $3.7M (revenue +24.2% year-over-year).
2013: Revenue of $102K, expenses of $81K, and assets of $1.4M (revenue -19.5% year-over-year).
2012: Revenue of $127K, expenses of $97K, and assets of $1.5M (revenue +11.9% year-over-year).
2011: Revenue of $113K, expenses of $104K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Nhf Sub Central 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.