Quadraplex Housing Inc
Quadraplex Housing Inc: Consistent Operations, Low Program Spending
EIN: 222551162 · Kingston, MA · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $380K |
| Total Expenses | $298K |
| Program Spending | 10% |
| Net Assets | $-438,661 |
| Transparency Score | 45/100 |
Is Quadraplex Housing Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Quadraplex Housing Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Quadraplex Housing Inc
Quadraplex Housing Inc (EIN: 222551162) is a nonprofit organization based in Kingston, MA, classified under NTEE code L20Z. The organization reported total revenue of $380K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quadraplex Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Quadraplex Housing Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $278K |
| Total Expenses | $298K |
| Surplus / Deficit | $-20,340 |
| Total Assets | $1.3M |
| Total Liabilities | $1.8M |
| Net Assets | $-438,661 |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 133.2% |
| Months of Reserves | 53.2 months |
Financial Health Grade: C
In 2023, Quadraplex Housing Inc reported a deficit of $20K with expenses exceeding revenue, holds 53.2 months of operating reserves (strong position), has a debt-to-asset ratio of 133.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Quadraplex Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.3% | -3.0% | -0.4% |
| 2022 | +1.4% | +4.0% | +-0.0% |
| 2021 | -1.4% | +7.2% | -0.8% |
| 2020 | -0.5% | -4.7% | +2.0% |
| 2019 | +4.1% | -6.6% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Quadraplex Housing Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 80%
- programs: 10%
- fundraising: 10%
According to IRS 990 filings, Quadraplex Housing Inc allocates its expenses as follows: admin: 80%, programs: 10%, fundraising: 10%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 133.2%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, with 'c0%' consistently listed, suggesting either volunteer leadership or compensation is covered by an undisclosed related entity.
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 Quadraplex Housing Inc's IRS 990 filings:
- Very low program spending (10% of expenses) compared to administrative and fundraising costs, raising questions about direct impact.
- Consistent reporting of 'c0%' for compensation across multiple years, despite significant revenue and assets, warrants further investigation into how leadership is compensated or if services are provided pro bono.
- Expenses consistently exceed revenue, leading to a gradual decline in assets over the years (e.g., assets decreased from $1,457,544 in 2016 to $1,394,462 in 2023).
Strengths
The following positive indicators were identified for Quadraplex Housing Inc:
- Long-standing organization with consistent revenue streams over many years, indicating stability.
- Maintains a substantial asset base ($1,394,462 in 2023) relative to its annual revenue, providing financial cushion.
Frequently Asked Questions about Quadraplex Housing Inc
Is Quadraplex Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Quadraplex Housing Inc (EIN: 222551162) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Quadraplex Housing Inc spend its money?
Quadraplex Housing Inc directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Quadraplex Housing Inc tax-deductible?
Quadraplex Housing Inc is registered as a tax-exempt nonprofit (EIN: 222551162). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Quadraplex Housing Inc's spending goes to programs?
Quadraplex Housing Inc directs 10% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Quadraplex Housing Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Quadraplex Housing Inc is near average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Quadraplex Housing Inc located?
Quadraplex Housing Inc is headquartered in Kingston, Massachusetts and files with the IRS under EIN 222551162. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Quadraplex Housing Inc have?
Quadraplex Housing Inc 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 $380K in total revenue.
What does Quadraplex Housing Inc do?
Quadraplex Housing Inc is a nonprofit organization in the Housing & Shelter sector, located in Kingston, Massachusetts. It is classified under NTEE code L20Z.
How much revenue does Quadraplex Housing Inc have?
Quadraplex Housing Inc reported total revenue of $380,340. Based on 13 IRS 990 filings on record.
What are Quadraplex Housing Inc's total assets?
Quadraplex Housing Inc holds total assets of $1,394,462 as reported in IRS 990 filings.
Where is Quadraplex Housing Inc located?
Quadraplex Housing Inc is based in Kingston, Massachusetts.
What is Quadraplex Housing Inc's EIN?
Quadraplex Housing Inc's Employer Identification Number (EIN) is 222551162. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Quadraplex Housing Inc?
Quadraplex Housing Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Quadraplex Housing Inc a registered 501(c)(3)?
Yes, Quadraplex Housing Inc is recognized as a tax-exempt organization by the IRS. EIN: 222551162.
Does Quadraplex Housing Inc file IRS Form 990?
Yes, Quadraplex Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Quadraplex Housing Inc's revenue in 2023?
In the 202306 filing period, Quadraplex Housing Inc reported total revenue of $277,927, total expenses of $298,267, and net assets of $1,321,171.
Is Quadraplex Housing Inc's revenue growing or declining?
Quadraplex Housing Inc's revenue is relatively stable. Revenue went from $281,634 (202206) to $277,927 (202306), a -1.3% change. Based on 13 filings on record.
What is Quadraplex Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Quadraplex Housing Inc covers tax period 202306. It shows revenue of $277,927, expenses of $298,267, total assets of $1,321,171, and liabilities of $1,759,832.
How much does Quadraplex Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Quadraplex Housing Inc allocates approximately 10% of expenses to program services, 80% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Quadraplex Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Quadraplex Housing Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Quadraplex Housing Inc?
The following concerns were identified: Very low program spending (10% of expenses) compared to administrative and fundraising costs, raising questions about direct impact.. Consistent reporting of 'c0%' for compensation across multiple years, despite significant revenue and assets, warrants further investigation into how leadership is compensated or if services are provided pro bono.. Expenses consistently exceed revenue, leading to a gradual decline in assets over the years (e.g., assets decreased from $1,457,544 in 2016 to $1,394,462 in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Quadraplex Housing Inc's strengths?
Positive indicators for Quadraplex Housing Inc include: Long-standing organization with consistent revenue streams over many years, indicating stability.. Maintains a substantial asset base ($1,394,462 in 2023) relative to its annual revenue, providing financial cushion.. These findings are derived from AI analysis of the organization's financial filings.
How does Quadraplex Housing Inc compensate executives?
Executive compensation is not reported in the provided filings, with 'c0%' consistently listed, suggesting either volunteer leadership or compensation is covered by an undisclosed related entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation and high administrative costs, what specific activities constitute the bulk of the 'administrative' expenses, and how do they directly support the mission?
The high administrative expenses, without reported executive compensation, suggest significant costs in areas like property management, legal fees, or general overhead that are not directly categorized as program delivery or fundraising. A detailed breakdown of these expenses is needed to understand their necessity and efficiency.
Filing History
IRS 990 filing history for Quadraplex Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quadraplex Housing Inc's revenue has grown by 5.2%, moving from $264K to $278K. Total assets increased by 49.1% over the same period, from $886K to $1.3M. Total functional expenses rose by 12.3%, from $266K to $298K. In its most recent filing year (2023), Quadraplex Housing Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $1.3M in assets (debt-to-asset ratio: 133.2%), resulting in net assets of $-438,661.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $278K | $298K | $1.3M | $1.8M | — | View 990 |
| 2022 | $282K | $307K | $1.3M | $1.7M | — | View 990 |
| 2021 | $278K | $296K | $1.3M | $1.7M | — | View 990 |
| 2020 | $282K | $276K | $1.3M | $1.7M | — | View 990 |
| 2019 | $283K | $289K | $1.3M | $1.7M | — | View 990 |
| 2018 | $272K | $310K | $1.3M | $1.7M | — | — |
| 2017 | $265K | $290K | $1.4M | $1.7M | — | View 990 |
| 2016 | $274K | $259K | $1.5M | $1.8M | — | View 990 |
| 2015 | $246K | $277K | $1.4M | $1.7M | — | View 990 |
| 2014 | $345K | $277K | $838K | $1.1M | — | View 990 |
| 2013 | $266K | $254K | $864K | $1.2M | — | View 990 |
| 2012 | $264K | $262K | $865K | $1.2M | — | View 990 |
| 2011 | $264K | $266K | $886K | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $278K, expenses of $298K, and assets of $1.3M (revenue -1.3% year-over-year).
- 2022: Revenue of $282K, expenses of $307K, and assets of $1.3M (revenue +1.4% year-over-year).
- 2021: Revenue of $278K, expenses of $296K, and assets of $1.3M (revenue -1.4% year-over-year).
- 2020: Revenue of $282K, expenses of $276K, and assets of $1.3M (revenue -0.5% year-over-year).
- 2019: Revenue of $283K, expenses of $289K, and assets of $1.3M (revenue +4.1% year-over-year).
- 2018: Revenue of $272K, expenses of $310K, and assets of $1.3M (revenue +2.7% year-over-year).
- 2017: Revenue of $265K, expenses of $290K, and assets of $1.4M (revenue -3.4% year-over-year).
- 2016: Revenue of $274K, expenses of $259K, and assets of $1.5M (revenue +11.7% year-over-year).
- 2015: Revenue of $246K, expenses of $277K, and assets of $1.4M (revenue -28.9% year-over-year).
- 2014: Revenue of $345K, expenses of $277K, and assets of $838K (revenue +30.0% year-over-year).
- 2013: Revenue of $266K, expenses of $254K, and assets of $864K (revenue +0.5% year-over-year).
- 2012: Revenue of $264K, expenses of $262K, and assets of $865K (revenue +0.0% year-over-year).
- 2011: Revenue of $264K, expenses of $266K, and assets of $886K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Quadraplex Housing Inc:
Data Sources and Methodology
This transparency report for Quadraplex Housing 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.