Opelika Housing Development Inc
Opelika Housing Development Inc maintains stable assets but recently experienced a deficit in 2023 with no reported officer compensation.
EIN: 10718296 · Opelika, AL · NTEE: L20 · Updated: 2026-03-27
Is Opelika Housing Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Opelika Housing Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Opelika Housing Development Inc
Opelika Housing Development Inc (EIN: 10718296) is a nonprofit organization based in Opelika, AL, classified under NTEE code L20. The organization reported total revenue of $6.1M and total assets of $23.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Opelika Housing Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Opelika Housing Development Inc is a mid-size nonprofit that has been operating for 23 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 31.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.5M |
| Total Expenses | $5.9M |
| Surplus / Deficit | $-367,572 |
| Total Assets | $23.7M |
| Total Liabilities | $1.7M |
| Net Assets | $22.0M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 48.5 months |
Financial Health Grade: B
In 2023, Opelika Housing Development Inc reported a deficit of $368K with expenses exceeding revenue, holds 48.5 months of operating reserves (strong position), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Opelika Housing Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 31.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | +13.8% | -3.5% |
| 2022 | +14.4% | +11.9% | +4.5% |
| 2021 | +3.8% | +0.1% | +4.7% |
| 2020 | +4.7% | +2.2% | +1.7% |
| 2019 | +1.2% | -0.2% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Opelika Housing Development Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Opelika Housing Development Inc 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 deficit of $368K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all nine available IRS 990 filings, which is unusual for an organization with over $5 million in annual revenue and $23 million in assets, suggesting either a fully volunteer executive team or compensation is categorized differently.
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 Opelika Housing Development Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent 2023 filing ($5,864,399 vs $5,496,827), indicating a potential short-term financial strain.
- Consistent 0% officer compensation across all filings is unusual for an organization of this size and could indicate a lack of transparency in reporting executive remuneration or a unique operational model.
Strengths
The following positive indicators were identified for Opelika Housing Development Inc:
- Strong and stable asset base, consistently over $20 million, reaching $23,839,098 in the latest period, indicating long-term financial stability.
- Consistent revenue generation, generally exceeding $5 million annually in recent years, demonstrating robust funding streams.
- Long history of IRS 990 filings (9 filings), indicating a commitment to regulatory compliance and transparency.
- Low liabilities relative to assets (e.g., $1,704,008 liabilities vs $23,718,445 assets in 2023), suggesting good financial management and low debt burden.
Frequently Asked Questions about Opelika Housing Development Inc
Is Opelika Housing Development Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Opelika Housing Development Inc (EIN: 10718296) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Opelika Housing Development Inc spend its money?
Opelika Housing Development Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Opelika Housing Development Inc tax-deductible?
Opelika Housing Development Inc is registered as a tax-exempt nonprofit (EIN: 10718296). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why is officer compensation consistently reported as 0%?
The IRS 990 filings for Opelika Housing Development Inc consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, which would require reviewing the full 990 forms for clarification.
What caused the deficit in the 2023 fiscal period?
In the 2023 fiscal period, expenses ($5,864,399) exceeded revenue ($5,496,827). The specific reasons for this deficit are not detailed in the summary data provided but could be due to increased program costs, one-time expenditures, or a temporary dip in funding.
How does Opelika Housing Development Inc fund its operations given the 0% officer compensation?
With no reported officer compensation, the organization's operational funding primarily covers program expenses, administrative costs, and potentially other staff salaries not classified as 'officer compensation.' The consistent revenue streams, averaging over $5 million annually in recent years, support these operations.
Filing History
IRS 990 filing history for Opelika Housing Development Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Opelika Housing Development Inc's revenue has grown by 773.6%, moving from $629K to $5.5M. Total assets increased by 17.1% over the same period, from $20.3M to $23.7M. Total functional expenses rose by 1293.1%, from $421K to $5.9M. In its most recent filing year (2023), Opelika Housing Development Inc reported a deficit of $368K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $23.7M in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $22.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.5M | $5.9M | $23.7M | $1.7M | — | View 990 |
| 2022 | $6.1M | $5.2M | $24.6M | $2.2M | — | View 990 |
| 2021 | $5.4M | $4.6M | $23.5M | $2.1M | — | View 990 |
| 2020 | $5.2M | $4.6M | $22.5M | $1.8M | — | View 990 |
| 2019 | $4.9M | $4.5M | $22.1M | $2.0M | — | View 990 |
| 2018 | $4.9M | $4.5M | $21.8M | $2.1M | — | View 990 |
| 2017 | $4.5M | $4.0M | $21.6M | $2.3M | — | View 990 |
| 2016 | $4.0M | $4.0M | $20.3M | $1.4M | — | View 990 |
| 2015 | $629K | $421K | $20.3M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.5M, expenses of $5.9M, and assets of $23.7M (revenue -10.3% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.2M, and assets of $24.6M (revenue +14.4% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.6M, and assets of $23.5M (revenue +3.8% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.6M, and assets of $22.5M (revenue +4.7% year-over-year).
- 2019: Revenue of $4.9M, expenses of $4.5M, and assets of $22.1M (revenue +1.2% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.5M, and assets of $21.8M (revenue +7.2% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.0M, and assets of $21.6M (revenue +12.7% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.0M, and assets of $20.3M (revenue +540.5% year-over-year).
- 2015: Revenue of $629K, expenses of $421K, and assets of $20.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Opelika Housing Development Inc:
Data Sources and Methodology
This transparency report for Opelika Housing Development 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.