Penwal Affordable Housing Corporation

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Penwal Affordable Housing Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Penwal Affordable Housing Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Penwal Affordable Housing Corporation in one place.

Is Penwal Affordable Housing Corporation Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Penwal Affordable Housing Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Penwal Affordable Housing Corporation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Penwal Affordable Housing Corporation directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Penwal Affordable Housing Corporation

Penwal Affordable Housing Corporation (EIN: 223124101) is a nonprofit organization based in Ridgewood, NJ, classified under NTEE code L210. The organization reported total revenue of $1.2M and total assets of $17.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penwal Affordable Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Penwal Affordable Housing Corporation is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Penwal Affordable Housing Corporation reported a surplus of $698K with revenue exceeding expenses, holds 686.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Penwal Affordable Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.

IRS Tax-Exempt Classification

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 Penwal Affordable Housing Corporation with a Mission Score of 87 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: 15%
• programs: 65%
• fundraising: 20%

According to IRS 990 filings, Penwal Affordable Housing Corporation allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $698K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.1%.

Executive Compensation Analysis

Executive compensation remains at a modest level, with no significant increases over the past five years.

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 Penwal Affordable Housing Corporation's IRS 990 filings:

• The organization has maintained a consistent spending pattern over the years, with a slight increase in program spending and a decrease in fundraising expenses.

Strengths

The following positive indicators were identified for Penwal Affordable Housing Corporation:

• The organization has a strong track record of maintaining a low administrative cost percentage, indicating efficient management.

Frequently Asked Questions about Penwal Affordable Housing Corporation

Filing History

IRS 990 filing history for Penwal Affordable Housing Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Penwal Affordable Housing Corporation's revenue has grown by 7.9%, moving from $932K to $1.0M. Total assets increased by 10.7% over the same period, from $15.9M to $17.6M. Total functional expenses rose by 136.9%, from $130K to $308K. In its most recent filing year (2023), Penwal Affordable Housing Corporation reported a surplus of $698K, with revenue exceeding expenses. The organization holds $17K in liabilities against $17.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $17.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.0M, expenses of $308K, and assets of $17.6M (revenue +4.3% year-over-year).
• 2022: Revenue of $964K, expenses of $309, and assets of $17.2M (revenue +5.2% year-over-year).
• 2021: Revenue of $916K, expenses of $633K, and assets of $16.2M (revenue +16.2% year-over-year).
• 2020: Revenue of $789K, expenses of $35K, and assets of $16.3M (revenue +4.7% year-over-year).
• 2019: Revenue of $753K, expenses of $19K, and assets of $15.5M (revenue -0.4% year-over-year).
• 2018: Revenue of $757K, expenses of $7K, and assets of $14.8M (revenue +11.3% year-over-year).
• 2017: Revenue of $680K, expenses of $80K, and assets of $13.9M (revenue +4.7% year-over-year).
• 2016: Revenue of $649K, expenses of $79K, and assets of $13.3M (revenue +6.0% year-over-year).
• 2015: Revenue of $612K, expenses of $88K, and assets of $12.8M (revenue +5.6% year-over-year).
• 2014: Revenue of $580K, expenses of $5.4M, and assets of $12.2M (revenue -42.0% year-over-year).
• 2013: Revenue of $999K, expenses of $724K, and assets of $17.0M (revenue +2.6% year-over-year).
• 2012: Revenue of $974K, expenses of $17K, and assets of $16.8M (revenue +4.5% year-over-year).
• 2011: Revenue of $932K, expenses of $130K, and assets of $15.9M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Penwal Affordable Housing Corporation:

Data Sources and Methodology

This transparency report for Penwal Affordable 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.