Rockland Housing Action Coalition Inc

Is Rockland Housing Action Coalition Inc Legit?

Some Concerns

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

Rockland Housing Action Coalition Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Rockland Housing Action Coalition Inc

Rockland Housing Action Coalition Inc (EIN: 133439109) is a nonprofit organization based in New City, NY, classified under NTEE code L20Z. The organization reported total revenue of $1.7M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockland Housing Action Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rockland Housing Action Coalition 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Rockland Housing Action Coalition Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a strong commitment to minimizing overhead and maximizing resources for programmatic activities, especially for an organization with revenues exceeding $1 million in recent 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 Rockland Housing Action Coalition Inc's IRS 990 filings:

• Significant year-over-year revenue and expense fluctuations, making consistent financial planning challenging.

Strengths

The following positive indicators were identified for Rockland Housing Action Coalition Inc:

• Consistent 0% officer compensation across all filings, indicating strong financial stewardship.
• Positive net assets and growth in assets over time, from $1,349,930 in 201707 to $2,336,192 in 202307.
• Revenue generally covers expenses, with a surplus in the latest filing (202307: Revenue $1,807,795, Expenses $1,661,139).

Frequently Asked Questions about Rockland Housing Action Coalition Inc

Filing History

IRS 990 filing history for Rockland Housing Action Coalition Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Rockland Housing Action Coalition Inc's revenue has grown by 195.9%, moving from $611K to $1.8M. Total assets increased by 64.4% over the same period, from $1.4M to $2.3M. Total functional expenses rose by 247.2%, from $478K to $1.7M. In its most recent filing year (2023), Rockland Housing Action Coalition Inc reported a surplus of $147K, with revenue exceeding expenses. The organization holds $805K in liabilities against $2.3M in assets (debt-to-asset ratio: 34.5%), resulting in net assets of $1.5M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.8M, expenses of $1.7M, and assets of $2.3M (revenue +52.0% year-over-year).
• 2022: Revenue of $1.2M, expenses of $1.3M, and assets of $2.2M (revenue -26.3% year-over-year).
• 2021: Revenue of $1.6M, expenses of $1.7M, and assets of $2.3M (revenue +118.4% year-over-year).
• 2020: Revenue of $738K, expenses of $1.0M, and assets of $2.4M (revenue +27.2% year-over-year).
• 2019: Revenue of $580K, expenses of $1.3M, and assets of $1.8M (revenue -71.1% year-over-year).
• 2018: Revenue of $2.0M, expenses of $816K, and assets of $2.6M (revenue +142.0% year-over-year).
• 2017: Revenue of $830K, expenses of $1.5M, and assets of $1.3M (revenue +38.1% year-over-year).
• 2016: Revenue of $601K, expenses of $579K, and assets of $2.1M (revenue -58.7% year-over-year).
• 2015: Revenue of $1.5M, expenses of $727K, and assets of $2.3M (revenue +117.1% year-over-year).
• 2014: Revenue of $671K, expenses of $770K, and assets of $1.4M (revenue -56.2% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue +33.4% year-over-year).
• 2012: Revenue of $1.1M, expenses of $714K, and assets of $2.3M (revenue +70.1% year-over-year).
• 2011: Revenue of $675K, expenses of $685K, and assets of $1.6M (revenue +10.5% year-over-year).
• 2010: Revenue of $611K, expenses of $478K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Rockland Housing Action Coalition 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.