North 25 Housing Corporation
North 25 Housing Corporation: Stable Finances, Strong Program Focus
EIN: 222178986 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $264K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
Is North 25 Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North 25 Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North 25 Housing Corporation
North 25 Housing Corporation (EIN: 222178986) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $1.0M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North 25 Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North 25 Housing Corporation is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $828K |
| Total Expenses | $264K |
| Surplus / Deficit | +$564K |
| Total Assets | $8.3M |
| Total Liabilities | $1.1M |
| Net Assets | $7.2M |
| Operating Margin | 68.1% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 377.0 months |
Financial Health Grade: A
In 2023, North 25 Housing Corporation reported a surplus of $564K with revenue exceeding expenses, holds 377.0 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North 25 Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +5.9% | +2.5% |
| 2022 | -15.4% | +1.4% | +3.2% |
| 2021 | -9.6% | +119.4% | +5.8% |
| 2020 | +156.9% | +103.7% | +14.9% |
| 2019 | -73.9% | -81.6% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 North 25 Housing Corporation 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, North 25 Housing Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $564K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that executive salaries are covered by a related entity, which warrants further investigation.
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 North 25 Housing Corporation's IRS 990 filings:
- The consistent reporting of $0 for executive compensation across multiple years could indicate a lack of transparency if compensation is being paid through a related party or if key leadership roles are truly unpaid, which is unusual for an organization with significant assets and revenue.
Strengths
The following positive indicators were identified for North 25 Housing Corporation:
- Consistent revenue generation, with over $800,000 in revenue in 2023 and 2022.
- Significant and consistent asset growth, reaching over $8.5 million in 2023, demonstrating strong financial health.
- Low administrative and fundraising expenses, indicating a high percentage of funds are directed towards programs.
- Long operational history with available financial data dating back to 2016.
Frequently Asked Questions about North 25 Housing Corporation
Is North 25 Housing Corporation a legitimate charity?
North 25 Housing Corporation (EIN: 222178986) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does North 25 Housing Corporation spend its money?
North 25 Housing Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North 25 Housing Corporation tax-deductible?
North 25 Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222178986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North 25 Housing Corporation CEO make?
North 25 Housing Corporation's highest-compensated officer earns $0 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North 25 Housing Corporation's spending goes to programs?
North 25 Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North 25 Housing Corporation located?
North 25 Housing Corporation is headquartered in Trenton, New Jersey and files with the IRS under EIN 222178986.
How many years of IRS 990 filings does North 25 Housing Corporation have?
North 25 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 $1.0M in total revenue.
What does North 25 Housing Corporation do?
North 25 Housing Corporation is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does North 25 Housing Corporation have?
North 25 Housing Corporation reported total revenue of $1,018,868. Based on 13 IRS 990 filings on record.
What are North 25 Housing Corporation's total assets?
North 25 Housing Corporation holds total assets of $8,583,866 as reported in IRS 990 filings.
Where is North 25 Housing Corporation located?
North 25 Housing Corporation is based in Trenton, New Jersey.
What is North 25 Housing Corporation's EIN?
North 25 Housing Corporation's Employer Identification Number (EIN) is 222178986. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North 25 Housing Corporation?
North 25 Housing Corporation is classified under NTEE code Unknown (Unknown).
Is North 25 Housing Corporation a registered 501(c)(3)?
North 25 Housing Corporation appears in IRS records (EIN: 222178986). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does North 25 Housing Corporation file IRS Form 990?
Yes, North 25 Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was North 25 Housing Corporation's revenue in 2023?
In the 202312 filing period, North 25 Housing Corporation reported total revenue of $827,851, total expenses of $264,060, and net assets of $8,296,920.
Is North 25 Housing Corporation's revenue growing or declining?
North 25 Housing Corporation's revenue is relatively stable. Revenue went from $821,373 (202212) to $827,851 (202312), a +0.8% change. Based on 13 filings on record.
What is North 25 Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for North 25 Housing Corporation covers tax period 202312. It shows revenue of $827,851, expenses of $264,060, total assets of $8,296,920, and liabilities of $1,110,476.
How much does North 25 Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, North 25 Housing Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is North 25 Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, North 25 Housing Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for North 25 Housing Corporation?
The following concerns were identified: The consistent reporting of $0 for executive compensation across multiple years could indicate a lack of transparency if compensation is being paid through a related party or if key leadership roles are truly unpaid, which is unusual for an organization with significant assets and revenue.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North 25 Housing Corporation's strengths?
Positive indicators for North 25 Housing Corporation include: Consistent revenue generation, with over $800,000 in revenue in 2023 and 2022.. Significant and consistent asset growth, reaching over $8.5 million in 2023, demonstrating strong financial health.. Low administrative and fundraising expenses, indicating a high percentage of funds are directed towards programs.. Long operational history with available financial data dating back to 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does North 25 Housing Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that executive salaries are covered by a related entity, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 reported for executive compensation, how does North 25 Housing Corporation manage its leadership and operational oversight?
The consistent reporting of $0 for executive compensation suggests that the organization may be entirely volunteer-run at the executive level, or that executive services are provided by a related entity or through in-kind contributions not reflected as direct compensation in these filings. Further inquiry into their operational model and leadership structure would be beneficial.
Filing History
IRS 990 filing history for North 25 Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North 25 Housing Corporation's revenue has grown by 269.1%, moving from $224K to $828K. Total assets increased by 82.6% over the same period, from $4.5M to $8.3M. Total functional expenses rose by 5048.4%, from $5K to $264K. In its most recent filing year (2023), North 25 Housing Corporation reported a surplus of $564K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $8.3M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $828K | $264K | $8.3M | $1.1M | — | — |
| 2022 | $821K | $249K | $8.1M | $1.5M | — | View 990 |
| 2021 | $971K | $246K | $7.8M | $1.8M | — | View 990 |
| 2020 | $1.1M | $112K | $7.4M | $2.5M | — | View 990 |
| 2019 | $418K | $55K | $6.5M | $2.5M | — | View 990 |
| 2018 | $1.6M | $299K | $6.1M | $2.5M | — | View 990 |
| 2017 | $883 | $60K | $2.3M | $37K | — | View 990 |
| 2016 | $76K | $101K | $2.2M | $37K | — | View 990 |
| 2015 | $1.6M | $38K | $6.9M | $69K | — | View 990 |
| 2014 | $253K | $44K | $5.3M | $75K | — | View 990 |
| 2013 | $247K | $12K | $5.1M | $57K | — | View 990 |
| 2012 | $299K | $22K | $4.8M | $59K | — | View 990 |
| 2011 | $224K | $5K | $4.5M | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $828K, expenses of $264K, and assets of $8.3M (revenue +0.8% year-over-year).
- 2022: Revenue of $821K, expenses of $249K, and assets of $8.1M (revenue -15.4% year-over-year).
- 2021: Revenue of $971K, expenses of $246K, and assets of $7.8M (revenue -9.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $112K, and assets of $7.4M (revenue +156.9% year-over-year).
- 2019: Revenue of $418K, expenses of $55K, and assets of $6.5M (revenue -73.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $299K, and assets of $6.1M (revenue +180976.0% year-over-year).
- 2017: Revenue of $883, expenses of $60K, and assets of $2.3M (revenue -98.8% year-over-year).
- 2016: Revenue of $76K, expenses of $101K, and assets of $2.2M (revenue -95.3% year-over-year).
- 2015: Revenue of $1.6M, expenses of $38K, and assets of $6.9M (revenue +541.3% year-over-year).
- 2014: Revenue of $253K, expenses of $44K, and assets of $5.3M (revenue +2.2% year-over-year).
- 2013: Revenue of $247K, expenses of $12K, and assets of $5.1M (revenue -17.4% year-over-year).
- 2012: Revenue of $299K, expenses of $22K, and assets of $4.8M (revenue +33.5% year-over-year).
- 2011: Revenue of $224K, expenses of $5K, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North 25 Housing Corporation:
Data Sources and Methodology
This transparency report for North 25 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.