Pemberton Place Housing Corporation
Pemberton Place Housing Corporation: Stable Finances, Limited Program Growth
EIN: 223022656 · Newport, RI · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $197K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $291K |
| Transparency Score | 65/100 |
Is Pemberton Place Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pemberton Place Housing Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pemberton Place Housing Corporation
Pemberton Place Housing Corporation (EIN: 223022656) is a nonprofit organization based in Newport, RI, classified under NTEE code L22Z. The organization reported total revenue of $243K and total assets of $665K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pemberton Place Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pemberton Place Housing Corporation is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $209K |
| Total Expenses | $197K |
| Surplus / Deficit | +$12K |
| Total Assets | $662K |
| Total Liabilities | $370K |
| Net Assets | $291K |
| Operating Margin | 5.8% |
| Debt-to-Asset Ratio | 56.0% |
| Months of Reserves | 40.3 months |
Financial Health Grade: A
In 2023, Pemberton Place Housing Corporation reported a surplus of $12K with revenue exceeding expenses, holds 40.3 months of operating reserves (strong position), has a debt-to-asset ratio of 56.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pemberton Place Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +25.3% | +0.3% |
| 2022 | -12.9% | +6.7% | -1.2% |
| 2021 | +2.6% | -15.6% | +9.8% |
| 2020 | +2.3% | -6.4% | +2.8% |
| 2019 | +0.9% | +8.2% | +0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Pemberton Place Housing Corporation 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, Pemberton Place Housing Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-cost leadership structure.
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 Pemberton Place Housing Corporation's IRS 990 filings:
- Total expenses have consistently exceeded revenue in several years (e.g., 2016, 2019, 2020), leading to a reliance on existing assets or other funding sources.
- The organization's liabilities have remained high relative to its assets, with liabilities at $370,450 against assets of $661,682 in 2023.
Strengths
The following positive indicators were identified for Pemberton Place Housing Corporation:
- Consistent asset base over the years, demonstrating financial stability despite fluctuating revenues and expenses.
- Zero reported executive compensation suggests efficient use of funds and a strong volunteer commitment.
- Long operational history with consistent filings indicates a well-established and compliant organization.
Frequently Asked Questions about Pemberton Place Housing Corporation
Is Pemberton Place Housing Corporation a legitimate charity?
Pemberton Place Housing Corporation (EIN: 223022656) is a registered tax-exempt nonprofit based in Rhode Island. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $243K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Pemberton Place Housing Corporation spend its money?
Pemberton Place Housing Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Pemberton Place Housing Corporation tax-deductible?
Pemberton Place Housing Corporation is registered as a tax-exempt nonprofit (EIN: 223022656). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Pemberton Place Housing Corporation CEO make?
Pemberton Place Housing Corporation's highest-compensated officer earns $0 annually. The organization reported $243K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Pemberton Place Housing Corporation's spending goes to programs?
Pemberton Place Housing Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Pemberton Place Housing Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Pemberton Place Housing Corporation is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pemberton Place Housing Corporation located?
Pemberton Place Housing Corporation is headquartered in Newport, Rhode Island and files with the IRS under EIN 223022656. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Pemberton Place Housing Corporation have?
Pemberton Place 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 $243K in total revenue.
What does Pemberton Place Housing Corporation do?
Pemberton Place Housing Corporation is a nonprofit organization in the Housing & Shelter sector, located in Newport, Rhode Island. It is classified under NTEE code L22Z.
How much revenue does Pemberton Place Housing Corporation have?
Pemberton Place Housing Corporation reported total revenue of $242,504. Based on 13 IRS 990 filings on record.
What are Pemberton Place Housing Corporation's total assets?
Pemberton Place Housing Corporation holds total assets of $665,112 as reported in IRS 990 filings.
Where is Pemberton Place Housing Corporation located?
Pemberton Place Housing Corporation is based in Newport, Rhode Island.
What is Pemberton Place Housing Corporation's EIN?
Pemberton Place Housing Corporation's Employer Identification Number (EIN) is 223022656. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pemberton Place Housing Corporation?
Pemberton Place Housing Corporation is classified under NTEE code L22Z (Housing & Shelter).
Is Pemberton Place Housing Corporation a registered 501(c)(3)?
Yes, Pemberton Place Housing Corporation is recognized as a tax-exempt organization by the IRS. EIN: 223022656.
Does Pemberton Place Housing Corporation file IRS Form 990?
Yes, Pemberton Place Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Pemberton Place Housing Corporation's revenue in 2023?
In the 202312 filing period, Pemberton Place Housing Corporation reported total revenue of $209,454, total expenses of $197,262, and net assets of $661,682.
Is Pemberton Place Housing Corporation's revenue growing or declining?
Pemberton Place Housing Corporation's revenue is growing. Revenue went from $190,741 (202212) to $209,454 (202312), a +9.8% change. Based on 13 filings on record.
What is Pemberton Place Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Pemberton Place Housing Corporation covers tax period 202312. It shows revenue of $209,454, expenses of $197,262, total assets of $661,682, and liabilities of $370,450.
How much does Pemberton Place Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Pemberton Place Housing Corporation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Pemberton Place Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Pemberton Place Housing Corporation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Pemberton Place Housing Corporation?
The following concerns were identified: Total expenses have consistently exceeded revenue in several years (e.g., 2016, 2019, 2020), leading to a reliance on existing assets or other funding sources.. The organization's liabilities have remained high relative to its assets, with liabilities at $370,450 against assets of $661,682 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pemberton Place Housing Corporation's strengths?
Positive indicators for Pemberton Place Housing Corporation include: Consistent asset base over the years, demonstrating financial stability despite fluctuating revenues and expenses.. Zero reported executive compensation suggests efficient use of funds and a strong volunteer commitment.. Long operational history with consistent filings indicates a well-established and compliant organization.. These findings are derived from AI analysis of the organization's financial filings.
How does Pemberton Place Housing Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-cost leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' in the filings, what is the primary source of revenue for Pemberton Place Housing Corporation, and how does it sustain operations when expenses frequently exceed reported revenue?
The 'c0%' likely indicates no significant contributions from the general public. Given the nature of a housing corporation, revenue is likely derived from rental income or specific housing grants. The sustained operations despite expense overages in some years suggest either a draw from accumulated reserves (assets) or other unreported funding streams not captured in the 'r' (revenue) figure, such as specific loan proceeds or capital injections.
How does Pemberton Place Housing Corporation manage to maintain a stable asset base, including $661,682 in assets in 2023, while consistently reporting high liabilities, such as $370,450 in 2023?
The stable asset base, likely consisting of property and related infrastructure, is a key indicator of the organization's long-term viability. The high liabilities are common for housing corporations, often representing mortgages or other long-term debt associated with acquiring and maintaining their housing units. The organization's ability to service this debt while maintaining assets suggests a stable operational model, even if net income fluctuates.
Filing History
IRS 990 filing history for Pemberton Place Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pemberton Place Housing Corporation's revenue has grown by 14%, moving from $184K to $209K. Total assets increased by 30.3% over the same period, from $508K to $662K. Total functional expenses rose by 7.9%, from $183K to $197K. In its most recent filing year (2023), Pemberton Place Housing Corporation reported a surplus of $12K, with revenue exceeding expenses. The organization holds $370K in liabilities against $662K in assets (debt-to-asset ratio: 56.0%), resulting in net assets of $291K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $209K | $197K | $662K | $370K | — | View 990 |
| 2022 | $191K | $157K | $659K | $380K | — | View 990 |
| 2021 | $219K | $148K | $667K | $422K | — | View 990 |
| 2020 | $214K | $175K | $608K | $434K | — | View 990 |
| 2019 | $209K | $187K | $591K | $456K | — | View 990 |
| 2018 | $207K | $172K | $591K | $478K | — | View 990 |
| 2017 | $202K | $173K | $577K | $499K | — | View 990 |
| 2016 | $151K | $176K | $568K | $518K | — | View 990 |
| 2015 | $195K | $181K | $605K | $530K | — | View 990 |
| 2014 | $207K | $174K | $611K | $550K | — | View 990 |
| 2013 | $246K | $163K | $594K | $566K | — | View 990 |
| 2012 | $228K | $159K | $580K | $634K | — | View 990 |
| 2011 | $184K | $183K | $508K | $631K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $209K, expenses of $197K, and assets of $662K (revenue +9.8% year-over-year).
- 2022: Revenue of $191K, expenses of $157K, and assets of $659K (revenue -12.9% year-over-year).
- 2021: Revenue of $219K, expenses of $148K, and assets of $667K (revenue +2.6% year-over-year).
- 2020: Revenue of $214K, expenses of $175K, and assets of $608K (revenue +2.3% year-over-year).
- 2019: Revenue of $209K, expenses of $187K, and assets of $591K (revenue +0.9% year-over-year).
- 2018: Revenue of $207K, expenses of $172K, and assets of $591K (revenue +2.3% year-over-year).
- 2017: Revenue of $202K, expenses of $173K, and assets of $577K (revenue +34.0% year-over-year).
- 2016: Revenue of $151K, expenses of $176K, and assets of $568K (revenue -22.5% year-over-year).
- 2015: Revenue of $195K, expenses of $181K, and assets of $605K (revenue -5.6% year-over-year).
- 2014: Revenue of $207K, expenses of $174K, and assets of $611K (revenue -16.0% year-over-year).
- 2013: Revenue of $246K, expenses of $163K, and assets of $594K (revenue +7.9% year-over-year).
- 2012: Revenue of $228K, expenses of $159K, and assets of $580K (revenue +24.0% year-over-year).
- 2011: Revenue of $184K, expenses of $183K, and assets of $508K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pemberton Place Housing Corporation:
Data Sources and Methodology
This transparency report for Pemberton Place 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.