North Country Affordable Housing Inc
North Country Affordable Housing Inc. consistently operates with expenses exceeding revenue and significant liabilities, but reports no officer compensation.
EIN: 161301678 · Watertown, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $933K |
| Program Spending | 90% |
| Net Assets | $-1,635,993 |
| Transparency Score | 85/100 |
Is North Country Affordable Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Country Affordable Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Country Affordable Housing Inc
North Country Affordable Housing Inc (EIN: 161301678) is a nonprofit organization based in Watertown, NY, classified under NTEE code L20Z. The organization reported total revenue of $1.8M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Country Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Country Affordable Housing Inc is a mid-size nonprofit that has been operating for 38 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $914K |
| Total Expenses | $933K |
| Surplus / Deficit | $-18,771 |
| Total Assets | $1.9M |
| Total Liabilities | $3.5M |
| Net Assets | $-1,635,993 |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 186.6% |
| Months of Reserves | 24.3 months |
Financial Health Grade: C
In 2023, North Country Affordable Housing Inc reported a deficit of $19K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 186.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), North Country Affordable Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.6% | -21.4% | +4.8% |
| 2022 | +25.6% | +40.5% | -15.0% |
| 2021 | +9.6% | -8.8% | +16.4% |
| 2020 | +53.7% | +44.2% | -12.3% |
| 2019 | -28.5% | -23.5% | -8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Country Affordable Housing Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, North Country Affordable Housing Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 186.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a highly volunteer-driven leadership or that compensation is covered by other entities, which is a significant positive for directing funds to the mission.
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 Country Affordable Housing Inc's IRS 990 filings:
- Consistent operating deficits (expenses frequently exceed revenue, e.g., 2023: $933,207 expenses vs. $914,436 revenue)
- High liabilities relative to assets (e.g., 2023: $3,525,285 liabilities vs. $1,889,292 assets), indicating significant debt burden
Strengths
The following positive indicators were identified for North Country Affordable Housing Inc:
- Zero reported officer compensation across all filings, indicating strong commitment to mission spending.
- Consistent filing history (12 filings), demonstrating transparency and compliance.
- Stable asset base over time, suggesting consistent property holdings for its mission.
- Focus on affordable housing (NTEE L20Z) addresses a critical community need.
Frequently Asked Questions about North Country Affordable Housing Inc
Is North Country Affordable Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North Country Affordable Housing Inc (EIN: 161301678) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does North Country Affordable Housing Inc spend its money?
North Country Affordable Housing Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Country Affordable Housing Inc tax-deductible?
North Country Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 161301678). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Country Affordable Housing Inc's spending goes to programs?
North Country Affordable Housing Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Country Affordable Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), North Country Affordable Housing Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Country Affordable Housing Inc located?
North Country Affordable Housing Inc is headquartered in Watertown, New York and files with the IRS under EIN 161301678. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does North Country Affordable Housing Inc have?
North Country Affordable 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 $1.8M in total revenue.
How does North Country Affordable Housing Inc. manage its consistent operating deficits?
The filings show that expenses frequently exceed revenue (e.g., 2023: $933,207 expenses vs. $914,436 revenue). This could be managed through reserves, specific grant funding cycles, or other non-operating income sources not detailed in this summary.
What is the nature of the high liabilities relative to assets?
With liabilities consistently exceeding assets (e.g., 2023: $3,525,285 liabilities vs. $1,889,292 assets), it suggests significant debt, likely mortgages or loans associated with acquiring and maintaining affordable housing properties, which is common for organizations in this sector.
How does the organization sustain operations without officer compensation?
The consistent reporting of 0% officer compensation implies that leadership roles may be filled by volunteers, or compensation is provided by a related entity, or through other means not classified as officer compensation on the 990 form. This is a strong indicator of resource dedication to programs.
What is the long-term financial strategy given the recurring deficits?
While the organization has a long filing history, the recurring deficits (e.g., 2022: $1,187,362 expenses vs. $1,137,393 revenue) suggest a need for a clear strategy to ensure long-term financial stability, potentially through increased fundraising, endowment growth, or more efficient expense management.
Filing History
IRS 990 filing history for North Country Affordable Housing Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), North Country Affordable Housing Inc's revenue has grown by 12%, moving from $816K to $914K. Total assets decreased by 25.1% over the same period, from $2.5M to $1.9M. Total functional expenses rose by 16.2%, from $803K to $933K. In its most recent filing year (2023), North Country Affordable Housing Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $1.9M in assets (debt-to-asset ratio: 186.6%), resulting in net assets of $-1,635,993.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $914K | $933K | $1.9M | $3.5M | — | View 990 |
| 2022 | $1.1M | $1.2M | $1.8M | $3.4M | — | View 990 |
| 2021 | $906K | $845K | $2.1M | $3.7M | — | — |
| 2020 | $827K | $927K | $1.8M | $3.5M | — | View 990 |
| 2019 | $538K | $643K | $2.1M | $3.6M | — | View 990 |
| 2018 | $752K | $840K | $2.3M | $3.7M | — | View 990 |
| 2017 | $698K | $753K | $2.3M | $3.6M | — | View 990 |
| 2016 | $551K | $604K | $2.4M | $3.6M | — | View 990 |
| 2015 | $681K | $739K | $2.4M | $3.6M | — | View 990 |
| 2014 | $432K | $452K | $2.4M | $3.5M | — | View 990 |
| 2013 | $482K | $537K | $2.4M | $3.5M | — | View 990 |
| 2012 | $816K | $803K | $2.5M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $914K, expenses of $933K, and assets of $1.9M (revenue -19.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $1.8M (revenue +25.6% year-over-year).
- 2021: Revenue of $906K, expenses of $845K, and assets of $2.1M (revenue +9.6% year-over-year).
- 2020: Revenue of $827K, expenses of $927K, and assets of $1.8M (revenue +53.7% year-over-year).
- 2019: Revenue of $538K, expenses of $643K, and assets of $2.1M (revenue -28.5% year-over-year).
- 2018: Revenue of $752K, expenses of $840K, and assets of $2.3M (revenue +7.7% year-over-year).
- 2017: Revenue of $698K, expenses of $753K, and assets of $2.3M (revenue +26.7% year-over-year).
- 2016: Revenue of $551K, expenses of $604K, and assets of $2.4M (revenue -19.1% year-over-year).
- 2015: Revenue of $681K, expenses of $739K, and assets of $2.4M (revenue +57.8% year-over-year).
- 2014: Revenue of $432K, expenses of $452K, and assets of $2.4M (revenue -10.4% year-over-year).
- 2013: Revenue of $482K, expenses of $537K, and assets of $2.4M (revenue -41.0% year-over-year).
- 2012: Revenue of $816K, expenses of $803K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Country Affordable Housing Inc:
Data Sources and Methodology
This transparency report for North Country Affordable 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.