North Suffolk Community Housing Corp
North Suffolk Community Housing Corp: Stable Revenue, Declining Assets
EIN: 222606679 · Chelsea, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $232K |
| Program Spending | 75% |
| Net Assets | $-330,477 |
| Transparency Score | 65/100 |
Is North Suffolk Community Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Suffolk Community Housing Corp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Suffolk Community Housing Corp
North Suffolk Community Housing Corp (EIN: 222606679) is a nonprofit organization based in Chelsea, MA. The organization reported total revenue of $234K and total assets of $395K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Suffolk Community Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Suffolk Community Housing Corp is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $226K |
| Total Expenses | $232K |
| Surplus / Deficit | $-6,398 |
| Total Assets | $428K |
| Total Liabilities | $759K |
| Net Assets | $-330,477 |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 177.2% |
| Months of Reserves | 22.1 months |
Financial Health Grade: C
In 2024, North Suffolk Community Housing Corp reported a deficit of $6K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 177.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), North Suffolk Community Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.9% | -6.4% | -6.6% |
| 2023 | -2.3% | +14.7% | -2.3% |
| 2022 | +5.3% | +2.7% | -5.0% |
| 2021 | +5.2% | +8.0% | -2.9% |
| 2020 | -4.0% | -4.2% | -8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Suffolk Community Housing Corp with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, North Suffolk Community Housing Corp allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 177.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'x' represents total expenses, not individual salaries.
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 Suffolk Community Housing Corp's IRS 990 filings:
- Consistent decline in assets from $611,513 in 2017 to $394,609 in 2024.
- Liabilities consistently exceed assets, indicating potential long-term financial instability.
- No clear indication of program outcomes or impact metrics in the provided data.
Strengths
The following positive indicators were identified for North Suffolk Community Housing Corp:
- Stable revenue stream, consistently around $200,000-$230,000 annually.
- Low fundraising costs, as implied by the 'c0%' in filings (though this likely refers to contributions, not fundraising expenses).
- Long operational history with consistent financial reporting.
Frequently Asked Questions about North Suffolk Community Housing Corp
Is North Suffolk Community Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, North Suffolk Community Housing Corp (EIN: 222606679) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does North Suffolk Community Housing Corp spend its money?
North Suffolk Community Housing Corp directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North Suffolk Community Housing Corp tax-deductible?
North Suffolk Community Housing Corp is registered as a tax-exempt nonprofit (EIN: 222606679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of North Suffolk Community Housing Corp's spending goes to programs?
North Suffolk Community Housing Corp directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Suffolk Community Housing Corp located?
North Suffolk Community Housing Corp is headquartered in Chelsea, Massachusetts and files with the IRS under EIN 222606679.
How many years of IRS 990 filings does North Suffolk Community Housing Corp have?
North Suffolk Community Housing Corp 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 $234K in total revenue.
What does North Suffolk Community Housing Corp do?
North Suffolk Community Housing Corp is a nonprofit organization in the Unknown sector, located in Chelsea, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does North Suffolk Community Housing Corp have?
North Suffolk Community Housing Corp reported total revenue of $233,860. Based on 13 IRS 990 filings on record.
What are North Suffolk Community Housing Corp's total assets?
North Suffolk Community Housing Corp holds total assets of $394,609 as reported in IRS 990 filings.
Where is North Suffolk Community Housing Corp located?
North Suffolk Community Housing Corp is based in Chelsea, Massachusetts.
What is North Suffolk Community Housing Corp's EIN?
North Suffolk Community Housing Corp's Employer Identification Number (EIN) is 222606679. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is North Suffolk Community Housing Corp?
North Suffolk Community Housing Corp is classified under NTEE code Unknown (Unknown).
Is North Suffolk Community Housing Corp a registered 501(c)(3)?
North Suffolk Community Housing Corp appears in IRS records (EIN: 222606679). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does North Suffolk Community Housing Corp file IRS Form 990?
Yes, North Suffolk Community Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was North Suffolk Community Housing Corp's revenue in 2024?
In the 202406 filing period, North Suffolk Community Housing Corp reported total revenue of $225,934, total expenses of $232,332, and net assets of $428,135.
Is North Suffolk Community Housing Corp's revenue growing or declining?
North Suffolk Community Housing Corp's revenue is relatively stable. Revenue went from $215,407 (202306) to $225,934 (202406), a +4.9% change. Based on 13 filings on record.
What is North Suffolk Community Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for North Suffolk Community Housing Corp covers tax period 202406. It shows revenue of $225,934, expenses of $232,332, total assets of $428,135, and liabilities of $758,612.
How much does North Suffolk Community Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, North Suffolk Community Housing Corp allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is North Suffolk Community Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, North Suffolk Community Housing Corp shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for North Suffolk Community Housing Corp?
The following concerns were identified: Consistent decline in assets from $611,513 in 2017 to $394,609 in 2024.. Liabilities consistently exceed assets, indicating potential long-term financial instability.. No clear indication of program outcomes or impact metrics in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are North Suffolk Community Housing Corp's strengths?
Positive indicators for North Suffolk Community Housing Corp include: Stable revenue stream, consistently around $200,000-$230,000 annually.. Low fundraising costs, as implied by the 'c0%' in filings (though this likely refers to contributions, not fundraising expenses).. Long operational history with consistent financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does North Suffolk Community Housing Corp compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'x' represents total expenses, not individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is North Suffolk Community Housing Corp?
- Financial statements are consistently available through 990 filings. - The organization's mission and activities are clearly stated in public documents. - No specific program outcome metrics or impact reports are readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is driving the consistent decline in assets over the past several years?
The data shows a steady decrease in assets from $611,513 in 2017 to $394,609 in 2024, while liabilities have remained relatively high. This trend warrants further investigation into asset management and depreciation policies.
How does the organization manage its significant liabilities relative to its assets?
With liabilities consistently exceeding assets (e.g., $758,612 in liabilities vs. $428,135 in assets in 2024), the organization appears to operate with a negative net asset position. Understanding the nature of these liabilities (e.g., mortgages, program-related debt) and the strategy for managing them is crucial.
Filing History
IRS 990 filing history for North Suffolk Community Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), North Suffolk Community Housing Corp's revenue has grown by 15.8%, moving from $195K to $226K. Total assets decreased by 41.7% over the same period, from $734K to $428K. Total functional expenses rose by 9.1%, from $213K to $232K. In its most recent filing year (2024), North Suffolk Community Housing Corp reported a deficit of $6K, with expenses exceeding revenue. The organization holds $759K in liabilities against $428K in assets (debt-to-asset ratio: 177.2%), resulting in net assets of $-330,477.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $226K | $232K | $428K | $759K | — | — |
| 2023 | $215K | $248K | $458K | $782K | — | — |
| 2022 | $221K | $216K | $469K | $761K | — | View 990 |
| 2021 | $209K | $211K | $494K | $790K | — | View 990 |
| 2020 | $199K | $195K | $509K | $803K | — | View 990 |
| 2019 | $208K | $204K | $556K | $854K | — | View 990 |
| 2018 | $208K | $218K | $581K | $883K | — | — |
| 2017 | $201K | $197K | $612K | $904K | — | View 990 |
| 2016 | $202K | $203K | $627K | $924K | — | View 990 |
| 2015 | $198K | $213K | $655K | $952K | — | View 990 |
| 2014 | $195K | $199K | $690K | $971K | — | View 990 |
| 2013 | $193K | $198K | $705K | $983K | — | View 990 |
| 2012 | $195K | $213K | $734K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $226K, expenses of $232K, and assets of $428K (revenue +4.9% year-over-year).
- 2023: Revenue of $215K, expenses of $248K, and assets of $458K (revenue -2.3% year-over-year).
- 2022: Revenue of $221K, expenses of $216K, and assets of $469K (revenue +5.3% year-over-year).
- 2021: Revenue of $209K, expenses of $211K, and assets of $494K (revenue +5.2% year-over-year).
- 2020: Revenue of $199K, expenses of $195K, and assets of $509K (revenue -4.0% year-over-year).
- 2019: Revenue of $208K, expenses of $204K, and assets of $556K (revenue -0.1% year-over-year).
- 2018: Revenue of $208K, expenses of $218K, and assets of $581K (revenue +3.2% year-over-year).
- 2017: Revenue of $201K, expenses of $197K, and assets of $612K (revenue -0.5% year-over-year).
- 2016: Revenue of $202K, expenses of $203K, and assets of $627K (revenue +2.3% year-over-year).
- 2015: Revenue of $198K, expenses of $213K, and assets of $655K (revenue +1.4% year-over-year).
- 2014: Revenue of $195K, expenses of $199K, and assets of $690K (revenue +1.2% year-over-year).
- 2013: Revenue of $193K, expenses of $198K, and assets of $705K (revenue -1.1% year-over-year).
- 2012: Revenue of $195K, expenses of $213K, and assets of $734K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Suffolk Community Housing Corp:
Data Sources and Methodology
This transparency report for North Suffolk Community Housing Corp 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.