Providence Community Housing
Providence Community Housing shows recent deficit spending despite substantial assets and no reported officer compensation.
EIN: 204627275 · New Orleans, LA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $2.7M |
| Program Spending | 80% |
| Net Assets | $12.0M |
| Transparency Score | 75/100 |
Is Providence Community Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Providence Community Housing directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Providence Community Housing
Providence Community Housing (EIN: 204627275) is a nonprofit organization based in New Orleans, LA, classified under NTEE code L20. The organization reported total revenue of $3.1M and total assets of $23.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Providence Community Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Providence Community Housing is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-210,316 |
| Total Assets | $17.4M |
| Total Liabilities | $5.4M |
| Net Assets | $12.0M |
| Operating Margin | -8.5% |
| Debt-to-Asset Ratio | 31.2% |
| Months of Reserves | 78.0 months |
Financial Health Grade: B
In 2023, Providence Community Housing reported a deficit of $210K with expenses exceeding revenue, holds 78.0 months of operating reserves (strong position), has a debt-to-asset ratio of 31.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Providence Community Housing's revenue has declined at a compound annual growth rate (CAGR) of -10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.5% | -24.8% | -23.8% |
| 2022 | -30.4% | -12.8% | +0.2% |
| 2021 | +2.7% | +47.3% | -0.6% |
| 2020 | +50.5% | -12.5% | +4.8% |
| 2019 | -43.4% | +27.5% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Providence Community Housing 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Providence Community Housing allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $210K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.2%.
Executive Compensation Analysis
Providence Community Housing consistently reports 0% for officer compensation across all available filings, indicating either a volunteer leadership structure or compensation handled through non-officer categories, which is highly favorable for financial transparency and efficiency.
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 Providence Community Housing's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $2,673,762 vs. revenue $2,463,446; 2022 expenses $3,553,854 vs. revenue $2,635,399).
- Fluctuating revenue streams, making financial planning potentially challenging.
Strengths
The following positive indicators were identified for Providence Community Housing:
- Strong asset base ($23,424,109 in latest filing) providing financial stability.
- 0% reported officer compensation across all filings, indicating high transparency and potential efficiency in leadership costs.
- Long filing history (13 filings) suggests established operations and compliance.
Frequently Asked Questions about Providence Community Housing
Is Providence Community Housing a legitimate charity?
Providence Community Housing (EIN: 204627275) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Providence Community Housing spend its money?
Providence Community Housing directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Providence Community Housing tax-deductible?
Providence Community Housing is registered as a tax-exempt nonprofit (EIN: 204627275). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Providence Community Housing's spending goes to programs?
Providence Community Housing directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Providence Community Housing compare to similar nonprofits?
With a transparency score of 75/100 (Good), Providence Community Housing 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 Providence Community Housing located?
Providence Community Housing is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204627275. It is classified under NTEE code L20.
How many years of IRS 990 filings does Providence Community Housing have?
Providence Community Housing 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 $3.1M in total revenue.
Is Providence Community Housing a good charity?
Providence Community Housing has strong assets ($23,424,109) and reports 0% officer compensation, suggesting good financial transparency and efficiency in leadership. However, recent years (2023 and 2022) show expenses exceeding revenue, which could impact long-term sustainability if not addressed.
What is the trend in Providence Community Housing's financial health?
While the organization maintains substantial assets, its financial health shows a recent trend of deficit spending. In 2023, expenses ($2,673,762) exceeded revenue ($2,463,446), and similarly in 2022, expenses ($3,553,854) were higher than revenue ($2,635,399). This contrasts with earlier periods like 2020 and 2018 where revenue significantly exceeded expenses.
How does Providence Community Housing manage executive compensation?
Providence Community Housing reports 0% for officer compensation in all available IRS 990 filings, indicating that executive leadership is either unpaid or compensated through mechanisms not classified as officer compensation, which is a positive sign for donor trust and resource allocation.
Filing History
IRS 990 filing history for Providence Community Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Providence Community Housing's revenue has declined by 74.9%, moving from $9.8M to $2.5M. Total assets decreased by 13% over the same period, from $20.0M to $17.4M. Total functional expenses fell by 58.3%, from $6.4M to $2.7M. In its most recent filing year (2023), Providence Community Housing reported a deficit of $210K, with expenses exceeding revenue. The organization holds $5.4M in liabilities against $17.4M in assets (debt-to-asset ratio: 31.2%), resulting in net assets of $12.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.7M | $17.4M | $5.4M | — | — |
| 2022 | $2.6M | $3.6M | $22.8M | $10.7M | — | View 990 |
| 2021 | $3.8M | $4.1M | $22.8M | $9.7M | — | View 990 |
| 2020 | $3.7M | $2.8M | $22.9M | $9.5M | — | View 990 |
| 2019 | $2.4M | $3.2M | $21.9M | $9.4M | — | View 990 |
| 2018 | $4.3M | $2.5M | $22.5M | $9.3M | — | View 990 |
| 2017 | $2.9M | $2.8M | $20.8M | $7.8M | — | — |
| 2016 | $4.4M | $2.3M | $21.0M | $8.1M | — | View 990 |
| 2015 | $3.9M | $2.5M | $18.8M | $8.0M | — | View 990 |
| 2014 | $3.2M | $3.1M | $17.7M | $8.3M | — | View 990 |
| 2013 | $2.6M | $3.4M | $18.3M | $9.1M | — | View 990 |
| 2012 | $6.1M | $3.9M | $23.0M | $8.6M | — | View 990 |
| 2011 | $9.8M | $6.4M | $20.0M | $7.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.7M, and assets of $17.4M (revenue -6.5% year-over-year).
- 2022: Revenue of $2.6M, expenses of $3.6M, and assets of $22.8M (revenue -30.4% year-over-year).
- 2021: Revenue of $3.8M, expenses of $4.1M, and assets of $22.8M (revenue +2.7% year-over-year).
- 2020: Revenue of $3.7M, expenses of $2.8M, and assets of $22.9M (revenue +50.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $3.2M, and assets of $21.9M (revenue -43.4% year-over-year).
- 2018: Revenue of $4.3M, expenses of $2.5M, and assets of $22.5M (revenue +49.1% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $20.8M (revenue -34.4% year-over-year).
- 2016: Revenue of $4.4M, expenses of $2.3M, and assets of $21.0M (revenue +13.0% year-over-year).
- 2015: Revenue of $3.9M, expenses of $2.5M, and assets of $18.8M (revenue +21.0% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.1M, and assets of $17.7M (revenue +26.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $3.4M, and assets of $18.3M (revenue -57.9% year-over-year).
- 2012: Revenue of $6.1M, expenses of $3.9M, and assets of $23.0M (revenue -38.0% year-over-year).
- 2011: Revenue of $9.8M, expenses of $6.4M, and assets of $20.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Providence Community Housing:
Data Sources and Methodology
This transparency report for Providence Community Housing 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.