Northwest Side Housing Center
Northwest Side Housing Center faces significant deficit in 2023, with expenses exceeding revenue by over $1.4 million.
EIN: 201413891 · Chicago, IL · NTEE: P51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $6.3M |
| Program Spending | 70% |
| Net Assets | $723K |
| Transparency Score | 65/100 |
Is Northwest Side Housing Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northwest Side Housing Center directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Northwest Side Housing Center
Northwest Side Housing Center (EIN: 201413891) is a nonprofit organization based in Chicago, IL, classified under NTEE code P51. The organization reported total revenue of $3.3M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwest Side Housing Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northwest Side Housing Center is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $6.3M |
| Surplus / Deficit | $-1,470,448 |
| Total Assets | $1.5M |
| Total Liabilities | $805K |
| Net Assets | $723K |
| Operating Margin | -30.4% |
| Debt-to-Asset Ratio | 52.7% |
| Months of Reserves | 2.9 months |
Financial Health Grade: D
In 2023, Northwest Side Housing Center reported a deficit of $1.5M with expenses exceeding revenue, holds 2.9 months of operating reserves (limited), has a debt-to-asset ratio of 52.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northwest Side Housing Center's revenue has grown at a compound annual growth rate (CAGR) of 20.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.2% | +2.8% | -46.2% |
| 2022 | +39.8% | +46.5% | -4.9% |
| 2021 | +21.3% | +39.4% | +40.5% |
| 2020 | +74.8% | +36.8% | +45.7% |
| 2019 | +5.7% | +21.3% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2005 |
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 Northwest Side Housing Center 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Northwest Side Housing Center allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led executive team or that executive compensation is categorized differently within the 990, which is a positive indicator for resource allocation to mission but requires further clarification for complete transparency.
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 Northwest Side Housing Center's IRS 990 filings:
- Significant deficit in 2023 ($1,470,448) where expenses exceeded revenue by 30%.
- Substantial decrease in assets from $2,841,005 in 2022 to $1,527,315 in 2023, indicating a depletion of reserves.
- Lack of clarity on executive compensation reporting, despite 0% officer compensation, which could mask actual leadership pay if categorized differently.
Strengths
The following positive indicators were identified for Northwest Side Housing Center:
- Consistent growth in revenue and operations over the past decade, indicating expanding impact.
- History of strong financial performance prior to 2023, with revenues generally exceeding expenses.
- Consistent reporting of 0% officer compensation, suggesting a commitment to directing funds to mission or efficient leadership structure.
Frequently Asked Questions about Northwest Side Housing Center
Is Northwest Side Housing Center a legitimate charity?
Northwest Side Housing Center (EIN: 201413891) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 3 strengths noted. Financial health grade: D.
How does Northwest Side Housing Center spend its money?
Northwest Side Housing Center directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Northwest Side Housing Center tax-deductible?
Northwest Side Housing Center is registered as a tax-exempt nonprofit (EIN: 201413891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northwest Side Housing Center's spending goes to programs?
Northwest Side Housing Center directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Northwest Side Housing Center compare to similar nonprofits?
With a transparency score of 65/100 (Good), Northwest Side Housing Center is above average for NTEE category P51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northwest Side Housing Center located?
Northwest Side Housing Center is headquartered in Chicago, Illinois and files with the IRS under EIN 201413891. It is classified under NTEE code P51.
How many years of IRS 990 filings does Northwest Side Housing Center have?
Northwest Side Housing Center 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 $3.3M in total revenue.
Is Northwest Side Housing Center financially sustainable given the 2023 deficit?
The 2023 filing shows expenses of $6,306,414 against revenues of $4,835,966, resulting in a deficit of over $1.4 million. This significant deficit, coupled with a decrease in assets, raises concerns about short-term financial sustainability if not addressed.
What caused the substantial increase in expenses in 2023?
The expenses jumped from $6,136,902 in 2022 to $6,306,414 in 2023, while revenue decreased. A detailed look at the 2023 IRS 990 would be needed to identify the specific categories driving this increase and the corresponding revenue decline.
How does the organization fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that either the top leadership is entirely volunteer-based, or their compensation is reported under different categories (e.g., key employees, independent contractors) not classified as 'officer compensation' on the 990. This practice, while potentially efficient, warrants further investigation for full transparency.
Filing History
IRS 990 filing history for Northwest Side Housing Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northwest Side Housing Center's revenue has grown by 865.3%, moving from $501K to $4.8M. Total assets increased by 381.9% over the same period, from $317K to $1.5M. Total functional expenses rose by 1443.3%, from $409K to $6.3M. In its most recent filing year (2023), Northwest Side Housing Center reported a deficit of $1.5M, with expenses exceeding revenue. The organization holds $805K in liabilities against $1.5M in assets (debt-to-asset ratio: 52.7%), resulting in net assets of $723K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $6.3M | $1.5M | $805K | — | — |
| 2022 | $6.2M | $6.1M | $2.8M | $1.2M | — | View 990 |
| 2021 | $4.4M | $4.2M | $3.0M | $1.4M | — | View 990 |
| 2020 | $3.7M | $3.0M | $2.1M | $562K | — | View 990 |
| 2019 | $2.1M | $2.2M | $1.5M | $556K | — | View 990 |
| 2018 | $2.0M | $1.8M | $1.5M | $536K | — | View 990 |
| 2017 | $1.4M | $1.4M | $1.3M | $574K | — | View 990 |
| 2016 | $1.3M | $1.2M | $1.2M | $546K | — | View 990 |
| 2015 | $1.3M | $1.3M | $1.2M | $578K | — | View 990 |
| 2014 | $1.2M | $1.1M | $1.0M | $374K | — | View 990 |
| 2013 | $890K | $929K | $371K | $1K | — | View 990 |
| 2012 | $699K | $607K | $415K | $6K | — | View 990 |
| 2011 | $501K | $409K | $317K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $6.3M, and assets of $1.5M (revenue -22.2% year-over-year).
- 2022: Revenue of $6.2M, expenses of $6.1M, and assets of $2.8M (revenue +39.8% year-over-year).
- 2021: Revenue of $4.4M, expenses of $4.2M, and assets of $3.0M (revenue +21.3% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.0M, and assets of $2.1M (revenue +74.8% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.2M, and assets of $1.5M (revenue +5.7% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.8M, and assets of $1.5M (revenue +38.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $1.3M (revenue +11.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $1.2M (revenue -0.1% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $1.2M (revenue +7.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +34.1% year-over-year).
- 2013: Revenue of $890K, expenses of $929K, and assets of $371K (revenue +27.4% year-over-year).
- 2012: Revenue of $699K, expenses of $607K, and assets of $415K (revenue +39.4% year-over-year).
- 2011: Revenue of $501K, expenses of $409K, and assets of $317K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northwest Side Housing Center:
Data Sources and Methodology
This transparency report for Northwest Side Housing Center 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.