Pha Housing Development Ltd
Pha Housing Development Ltd consistently grows assets with zero reported executive compensation.
EIN: 20481882 · Portsmouth, NH · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $500K |
| Program Spending | 90% |
| Net Assets | $9.8M |
| Transparency Score | 95/100 |
Is Pha Housing Development Ltd Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pha Housing Development Ltd directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pha Housing Development Ltd
Pha Housing Development Ltd (EIN: 20481882) is a nonprofit organization based in Portsmouth, NH, classified under NTEE code L20. The organization reported total revenue of $1.1M and total assets of $11.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pha Housing Development Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pha Housing Development Ltd is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 36.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $752K |
| Total Expenses | $500K |
| Surplus / Deficit | +$252K |
| Total Assets | $11.0M |
| Total Liabilities | $1.1M |
| Net Assets | $9.8M |
| Operating Margin | 33.5% |
| Debt-to-Asset Ratio | 10.3% |
| Months of Reserves | 263.1 months |
Financial Health Grade: A
In 2023, Pha Housing Development Ltd reported a surplus of $252K with revenue exceeding expenses, holds 263.1 months of operating reserves (strong position), has a debt-to-asset ratio of 10.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pha Housing Development Ltd's revenue has grown at a compound annual growth rate (CAGR) of 36.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.1% | -17.0% | +5.2% |
| 2022 | +5.5% | +50.2% | +11.3% |
| 2021 | +40.2% | -3.3% | +14.1% |
| 2020 | +130.5% | +18.1% | +8.5% |
| 2019 | +0.0% | -6.1% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Pha Housing Development Ltd with a Mission Score of 95 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Pha Housing Development Ltd allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $252K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.3%.
Executive Compensation Analysis
Pha Housing Development Ltd reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation to its mission.
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.
Strengths
The following positive indicators were identified for Pha Housing Development Ltd:
- Zero reported officer compensation, indicating high efficiency and dedication to mission.
- Consistent growth in assets, from $3.6M in 2014 to $10.9M in 2023, demonstrating financial stability.
- Expenses consistently well below revenue, suggesting strong financial management and ability to reinvest.
- Consistent IRS 990 filing history, indicating good transparency and compliance.
Frequently Asked Questions about Pha Housing Development Ltd
Is Pha Housing Development Ltd a legitimate charity?
Pha Housing Development Ltd (EIN: 20481882) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Pha Housing Development Ltd spend its money?
Pha Housing Development Ltd directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Pha Housing Development Ltd tax-deductible?
Pha Housing Development Ltd is registered as a tax-exempt nonprofit (EIN: 20481882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Pha Housing Development Ltd compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Pha Housing Development Ltd is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pha Housing Development Ltd located?
Pha Housing Development Ltd is headquartered in Portsmouth, New Hampshire and files with the IRS under EIN 20481882. It is classified under NTEE code L20.
How many years of IRS 990 filings does Pha Housing Development Ltd have?
Pha Housing Development Ltd 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 $1.1M in total revenue.
Is Pha Housing Development Ltd a good charity?
Based on the available IRS 990 data, Pha Housing Development Ltd appears to be a very good charity. It consistently reports 0% officer compensation, maintains a strong and growing asset base, and keeps expenses low relative to revenue, suggesting efficient use of funds for its housing development mission.
How has Pha Housing Development Ltd's financial health changed over time?
Pha Housing Development Ltd has shown strong financial growth. Its assets have increased significantly from $3,678,607 in 2014 to $10,965,352 in 2023. While revenue has fluctuated, the organization consistently manages expenses well below revenue, contributing to its robust asset accumulation.
What is Pha Housing Development Ltd's approach to executive compensation?
Pha Housing Development Ltd reports 0% officer compensation in all available IRS 990 filings, indicating a highly cost-efficient approach to leadership, likely relying on volunteer efforts or very minimal, non-officer-classified compensation.
Filing History
IRS 990 filing history for Pha Housing Development Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pha Housing Development Ltd's revenue has grown by 3996.6%, moving from $18K to $752K. Total assets increased by 4586.2% over the same period, from $234K to $11.0M. Total functional expenses rose by 3622.5%, from $13K to $500K. In its most recent filing year (2023), Pha Housing Development Ltd reported a surplus of $252K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $11.0M in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $752K | $500K | $11.0M | $1.1M | — | — |
| 2022 | $1.7M | $602K | $10.4M | $839K | — | View 990 |
| 2021 | $1.6M | $401K | $9.4M | $856K | — | View 990 |
| 2020 | $1.1M | $414K | $8.2M | $884K | — | View 990 |
| 2019 | $491K | $351K | $7.6M | $957K | — | View 990 |
| 2018 | $491K | $374K | $7.4M | $985K | — | View 990 |
| 2017 | $541K | $337K | $7.3M | $967K | — | — |
| 2016 | $464K | $314K | $3.9M | $986K | — | View 990 |
| 2015 | $391K | $265K | $3.8M | $1.0M | — | View 990 |
| 2014 | $510K | $281K | $3.7M | $1.0M | — | View 990 |
| 2013 | $171K | $184K | $3.1M | $889K | — | View 990 |
| 2012 | $809 | $14K | $329K | $271K | — | View 990 |
| 2011 | $18K | $13K | $234K | $163K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $752K, expenses of $500K, and assets of $11.0M (revenue -55.1% year-over-year).
- 2022: Revenue of $1.7M, expenses of $602K, and assets of $10.4M (revenue +5.5% year-over-year).
- 2021: Revenue of $1.6M, expenses of $401K, and assets of $9.4M (revenue +40.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $414K, and assets of $8.2M (revenue +130.5% year-over-year).
- 2019: Revenue of $491K, expenses of $351K, and assets of $7.6M (revenue +0.0% year-over-year).
- 2018: Revenue of $491K, expenses of $374K, and assets of $7.4M (revenue -9.3% year-over-year).
- 2017: Revenue of $541K, expenses of $337K, and assets of $7.3M (revenue +16.7% year-over-year).
- 2016: Revenue of $464K, expenses of $314K, and assets of $3.9M (revenue +18.7% year-over-year).
- 2015: Revenue of $391K, expenses of $265K, and assets of $3.8M (revenue -23.4% year-over-year).
- 2014: Revenue of $510K, expenses of $281K, and assets of $3.7M (revenue +198.0% year-over-year).
- 2013: Revenue of $171K, expenses of $184K, and assets of $3.1M (revenue +21041.5% year-over-year).
- 2012: Revenue of $809, expenses of $14K, and assets of $329K (revenue -95.6% year-over-year).
- 2011: Revenue of $18K, expenses of $13K, and assets of $234K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pha Housing Development Ltd:
Data Sources and Methodology
This transparency report for Pha Housing Development Ltd 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.