Norman Affordable Housing Corporation
EIN: 731529495 · Norman, OK · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $797K |
| Total Expenses | $1.2M |
| Net Assets | $5.6M |
Is Norman Affordable Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norman Affordable Housing Corporation
Norman Affordable Housing Corporation (EIN: 731529495) is a nonprofit organization based in Norman, OK, classified under NTEE code L21. The organization reported total revenue of $797K and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norman Affordable Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norman Affordable Housing Corporation is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 25.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$995K |
| Total Assets | $5.8M |
| Total Liabilities | $246K |
| Net Assets | $5.6M |
| Operating Margin | 45.3% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 58.2 months |
Financial Health Grade: A
In 2023, Norman Affordable Housing Corporation reported a surplus of $995K with revenue exceeding expenses, holds 58.2 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Norman Affordable Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 25.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +103.6% | +168.8% | +16.6% |
| 2022 | +181.6% | +19.9% | +15.1% |
| 2021 | +2.8% | -3.3% | +0.3% |
| 2020 | -52.7% | +4.4% | +4.8% |
| 2019 | +8.2% | +11.9% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norman Affordable Housing Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Norman Affordable Housing Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $995K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Frequently Asked Questions about Norman Affordable Housing Corporation
Is Norman Affordable Housing Corporation a legitimate charity?
Norman Affordable Housing Corporation (EIN: 731529495) is a registered tax-exempt nonprofit based in Oklahoma. It has 13 years of IRS 990 filings on record. Total revenue: $797K. No red flags identified. Financial health grade: A.
How does Norman Affordable Housing Corporation spend its money?
Norman Affordable Housing Corporation reported $797K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Norman Affordable Housing Corporation tax-deductible?
Norman Affordable Housing Corporation is registered as a tax-exempt nonprofit (EIN: 731529495). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norman Affordable Housing Corporation located?
Norman Affordable Housing Corporation is headquartered in Norman, Oklahoma and files with the IRS under EIN 731529495. It is classified under NTEE code L21.
How many years of IRS 990 filings does Norman Affordable Housing Corporation have?
Norman Affordable Housing Corporation 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 $797K in total revenue.
Filing History
IRS 990 filing history for Norman Affordable Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Norman Affordable Housing Corporation's revenue has grown by 1351.7%, moving from $151K to $2.2M. Total assets increased by 2769.9% over the same period, from $203K to $5.8M. Total functional expenses rose by 918.2%, from $118K to $1.2M. In its most recent filing year (2023), Norman Affordable Housing Corporation reported a surplus of $995K, with revenue exceeding expenses. The organization holds $246K in liabilities against $5.8M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.2M | $5.8M | $246K | — | — |
| 2022 | $1.1M | $447K | $5.0M | $84K | — | View 990 |
| 2021 | $383K | $373K | $4.3M | $59K | — | View 990 |
| 2020 | $373K | $386K | $4.3M | $58K | — | View 990 |
| 2019 | $788K | $369K | $4.1M | $61K | — | View 990 |
| 2018 | $728K | $330K | $3.7M | $36K | — | View 990 |
| 2017 | $276K | $481K | $3.1M | $37K | — | View 990 |
| 2016 | $465K | $437K | $3.3M | $64K | — | View 990 |
| 2015 | $904K | $296K | $4.1M | $282K | — | View 990 |
| 2014 | $788K | $205K | $3.7M | $31K | — | View 990 |
| 2013 | $122K | $101K | $235K | $7K | — | View 990 |
| 2012 | $108K | $98K | $215K | $8K | — | View 990 |
| 2011 | $151K | $118K | $203K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.2M, and assets of $5.8M (revenue +103.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $447K, and assets of $5.0M (revenue +181.6% year-over-year).
- 2021: Revenue of $383K, expenses of $373K, and assets of $4.3M (revenue +2.8% year-over-year).
- 2020: Revenue of $373K, expenses of $386K, and assets of $4.3M (revenue -52.7% year-over-year).
- 2019: Revenue of $788K, expenses of $369K, and assets of $4.1M (revenue +8.2% year-over-year).
- 2018: Revenue of $728K, expenses of $330K, and assets of $3.7M (revenue +163.3% year-over-year).
- 2017: Revenue of $276K, expenses of $481K, and assets of $3.1M (revenue -40.6% year-over-year).
- 2016: Revenue of $465K, expenses of $437K, and assets of $3.3M (revenue -48.5% year-over-year).
- 2015: Revenue of $904K, expenses of $296K, and assets of $4.1M (revenue +14.7% year-over-year).
- 2014: Revenue of $788K, expenses of $205K, and assets of $3.7M (revenue +545.3% year-over-year).
- 2013: Revenue of $122K, expenses of $101K, and assets of $235K (revenue +13.3% year-over-year).
- 2012: Revenue of $108K, expenses of $98K, and assets of $215K (revenue -28.8% year-over-year).
- 2011: Revenue of $151K, expenses of $118K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norman Affordable Housing Corporation:
Data Sources and Methodology
This transparency report for Norman Affordable Housing Corporation 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.