Real Estate Education And Community Housing Inc
Real Estate Education And Community Housing Inc maintains stable finances with no reported officer compensation.
EIN: 204203798 · West Palm Bch, FL · NTEE: P51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.0M |
| Transparency Score | 85/100 |
Is Real Estate Education And Community Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Real Estate Education And Community Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Real Estate Education And Community Housing Inc
Real Estate Education And Community Housing Inc (EIN: 204203798) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code P51. The organization reported total revenue of $1.3M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Real Estate Education And Community Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Real Estate Education And Community Housing Inc 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 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$14K |
| Total Assets | $3.3M |
| Total Liabilities | $2.3M |
| Net Assets | $1.0M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 69.0% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2023, Real Estate Education And Community Housing Inc reported a surplus of $14K with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position), has a debt-to-asset ratio of 69.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Real Estate Education And Community Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -22.6% | +18.1% |
| 2022 | +18.1% | +8.8% | +4.0% |
| 2021 | +35.0% | +86.5% | -31.5% |
| 2020 | -18.5% | -25.6% | -3.7% |
| 2019 | +5.0% | +24.8% | +25.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Real Estate Education And Community Housing Inc with a Mission Score of 85 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: 85%
- fundraising: 5%
According to IRS 990 filings, Real Estate Education And Community Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $14K, with revenue exceeding expenses.
- Debt-to-asset ratio: 69.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $1 million. This suggests either a fully volunteer executive leadership or compensation is structured and reported differently, warranting further investigation for complete transparency.
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 Real Estate Education And Community Housing Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further clarification.
- Significant liabilities consistently over $2 million in recent years, though offset by assets.
Strengths
The following positive indicators were identified for Real Estate Education And Community Housing Inc:
- Consistent positive net assets, with assets exceeding liabilities in all reported periods (e.g., $3,293,093 assets vs. $2,271,638 liabilities in 202312).
- Stable revenue generation, consistently above $1 million in most recent years.
- Clear alignment with NTEE code P51 (Housing Development, Construction & Management) and organizational name.
- Long history of IRS 990 filings (13 filings), indicating transparency in reporting.
Frequently Asked Questions about Real Estate Education And Community Housing Inc
Is Real Estate Education And Community Housing Inc a legitimate charity?
Real Estate Education And Community Housing Inc (EIN: 204203798) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Real Estate Education And Community Housing Inc spend its money?
Real Estate Education And Community Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Real Estate Education And Community Housing Inc tax-deductible?
Real Estate Education And Community Housing Inc is registered as a tax-exempt nonprofit (EIN: 204203798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Real Estate Education And Community Housing Inc CEO make?
Real Estate Education And Community Housing Inc's highest-compensated officer earns $1 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Real Estate Education And Community Housing Inc's spending goes to programs?
Real Estate Education And Community Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Real Estate Education And Community Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Real Estate Education And Community Housing Inc is above average for NTEE category P51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Real Estate Education And Community Housing Inc located?
Real Estate Education And Community Housing Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 204203798. It is classified under NTEE code P51.
How many years of IRS 990 filings does Real Estate Education And Community Housing Inc have?
Real Estate Education And Community 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 $1.3M in total revenue.
How does Real Estate Education And Community Housing Inc manage to operate without reporting any officer compensation?
The IRS 990 filings consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories, or they are compensated by a related entity not reflected in these specific lines. Further inquiry into their governance and compensation policies would clarify this.
What is the organization's strategy for managing its liabilities, which have consistently been over $2 million in recent years?
Liabilities have been substantial, reaching $2,271,638 in 202312. While assets consistently exceed liabilities, indicating solvency, understanding the nature of these liabilities (e.g., program-related debt, mortgages on properties) and the strategy for their management is crucial for long-term financial health.
Given the fluctuations in revenue and expenses, what are the primary sources of funding for REECH and how diversified are they?
Revenue has varied, from $1,065,594 in 202012 to $1,698,915 in 202212. Understanding the composition of this revenue (e.g., grants, program service fees, contributions) would provide insight into the organization's financial resilience and sustainability.
Filing History
IRS 990 filing history for Real Estate Education And Community Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Real Estate Education And Community Housing Inc's revenue has grown by 336.7%, moving from $349K to $1.5M. Total assets increased by 414647.2% over the same period, from $794 to $3.3M. Total functional expenses rose by 330%, from $351K to $1.5M. In its most recent filing year (2023), Real Estate Education And Community Housing Inc reported a surplus of $14K, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $3.3M in assets (debt-to-asset ratio: 69.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $3.3M | $2.3M | — | — |
| 2022 | $1.7M | $2.0M | $2.8M | $2.1M | — | View 990 |
| 2021 | $1.4M | $1.8M | $2.7M | $2.0M | — | View 990 |
| 2020 | $1.1M | $961K | $3.9M | $1.9M | — | — |
| 2019 | $1.3M | $1.3M | $4.1M | $2.1M | — | View 990 |
| 2018 | $1.2M | $1.0M | $3.3M | $1.3M | — | View 990 |
| 2017 | $1.1M | $978K | $3.0M | $1.2M | — | View 990 |
| 2016 | $1.1M | $867K | $2.3M | $665K | — | View 990 |
| 2015 | $800K | $816K | $1.5M | $105K | — | View 990 |
| 2014 | $1.2M | $662K | $1.7M | $254K | — | View 990 |
| 2013 | $1.2M | $577K | $950K | $30K | — | View 990 |
| 2012 | $595K | $397K | $350K | $41K | — | View 990 |
| 2011 | $349K | $351K | $794 | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $3.3M (revenue -10.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $2.8M (revenue +18.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.8M, and assets of $2.7M (revenue +35.0% year-over-year).
- 2020: Revenue of $1.1M, expenses of $961K, and assets of $3.9M (revenue -18.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $4.1M (revenue +5.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.0M, and assets of $3.3M (revenue +14.2% year-over-year).
- 2017: Revenue of $1.1M, expenses of $978K, and assets of $3.0M (revenue +3.0% year-over-year).
- 2016: Revenue of $1.1M, expenses of $867K, and assets of $2.3M (revenue +32.5% year-over-year).
- 2015: Revenue of $800K, expenses of $816K, and assets of $1.5M (revenue -31.5% year-over-year).
- 2014: Revenue of $1.2M, expenses of $662K, and assets of $1.7M (revenue -1.7% year-over-year).
- 2013: Revenue of $1.2M, expenses of $577K, and assets of $950K (revenue +99.6% year-over-year).
- 2012: Revenue of $595K, expenses of $397K, and assets of $350K (revenue +70.5% year-over-year).
- 2011: Revenue of $349K, expenses of $351K, and assets of $794.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Real Estate Education And Community Housing Inc:
Data Sources and Methodology
This transparency report for Real Estate Education And Community 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.