Salisbury Housing Committee Inc

Salisbury Housing Committee Inc shows strong financial growth and efficient operations with no reported executive compensation.

EIN: 115309016 · Salisbury, CT · NTEE: L20Z · Updated: 2026-03-28

$3.6MRevenue

$8.9MAssets

92/100Mission Score (Excellent)

L20Z

About Salisbury Housing Committee Inc

Salisbury Housing Committee Inc (EIN: 115309016) is a nonprofit organization based in Salisbury, CT, classified under NTEE code L20Z. The organization reported total revenue of $3.6M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salisbury Housing Committee Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Salisbury Housing Committee Inc demonstrates strong financial health and a clear commitment to its program services. In the latest filing period (202312), the organization reported revenue of $2,083,018 against expenses of $421,118, indicating a significant surplus that contributes to its growing asset base of $6,209,021. This trend of revenue exceeding expenses is consistent across recent years, allowing for substantial asset growth from $3,456,878 in 2020 to over $6 million in 2023. The organization's liabilities are also well-managed relative to its assets, suggesting financial stability.

The spending efficiency appears very high, with expenses consistently much lower than revenue, implying a focus on building capacity or reserves for future projects, which is common for housing development organizations. The absence of reported officer compensation across all available filings suggests a volunteer-led or very lean administrative structure, further enhancing efficiency. While specific program spending details are not provided in the summary data, the overall financial picture points to a well-managed and fiscally responsible entity.

Transparency is generally good, with consistent IRS 990 filings available. The lack of officer compensation is a positive indicator of resource allocation directly to the mission. To further enhance transparency, more detailed breakdowns of program expenses would be beneficial, though the overall financial health and growth are commendable.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Salisbury Housing Committee Inc with a Mission Score of 92 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, Salisbury Housing Committee Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is highly efficient for an organization of its size with assets exceeding $6 million.

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 Salisbury Housing Committee Inc's IRS 990 filings:

Lack of detailed program expense breakdown in summary data (minor concern for full analysis)

Strengths

The following positive indicators were identified for Salisbury Housing Committee Inc:

Strong financial growth and asset accumulation (Assets grew from $1.2M in 2014 to $6.2M in 2023)
Consistent revenue generation exceeding expenses (e.g., $2.08M revenue vs $0.42M expenses in 2023)
No reported officer compensation across all filings, indicating high efficiency and volunteer leadership
Low liabilities relative to assets, demonstrating financial stability
Consistent IRS 990 filing history, indicating good transparency

Frequently Asked Questions about Salisbury Housing Committee Inc

Is Salisbury Housing Committee Inc a good charity?

Based on the available financial data, Salisbury Housing Committee Inc appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and highly efficient operations with no reported officer compensation, suggesting resources are primarily directed towards its mission.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved, with assets growing from $1,206,922 in 2014 to $6,209,021 in 2023. Revenue has also seen substantial increases, particularly in 2023 ($2,083,018), far exceeding expenses and contributing to this growth.

What is the organization's spending efficiency?

The organization exhibits high spending efficiency. For example, in 2023, expenses were $421,118 against revenue of $2,083,018, indicating a large portion of revenue is retained or invested, and operational costs are kept low relative to its financial activity and asset base.

Filing History

IRS 990 filing history for Salisbury Housing Committee Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Salisbury Housing Committee Inc's revenue has grown by 1120.9%, moving from $171K to $2.1M. Total assets increased by 438.9% over the same period, from $1.2M to $6.2M. Total functional expenses rose by 188.3%, from $146K to $421K. In its most recent filing year (2023), Salisbury Housing Committee Inc reported a surplus of $1.7M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $6.2M in assets (debt-to-asset ratio: 23.9%), resulting in net assets of $4.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.1M	$421K	$6.2M	$1.5M	—	—
2022	$613K	$412K	$4.0M	$960K	—	View 990
2021	$632K	$322K	$3.8M	$784K	—	View 990
2020	$277K	$271K	$3.5M	$1.0M	—	—
2019	$221K	$256K	$3.5M	$1.1M	—	View 990
2018	$390K	$228K	$3.4M	$944K	—	View 990
2017	$1.0M	$189K	$3.2M	$917K	—	View 990
2016	$205K	$147K	$1.3M	$990K	—	View 990
2015	$186K	$139K	$1.2M	$980K	—	View 990
2014	$211K	$157K	$1.2M	$1.0M	—	View 990
2013	$160K	$140K	$1.2M	$980K	—	View 990
2012	$157K	$145K	$1.2M	$986K	—	View 990
2011	$171K	$146K	$1.2M	$989K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.1M, expenses of $421K, and assets of $6.2M (revenue +239.6% year-over-year).
2022: Revenue of $613K, expenses of $412K, and assets of $4.0M (revenue -2.9% year-over-year).
2021: Revenue of $632K, expenses of $322K, and assets of $3.8M (revenue +127.8% year-over-year).
2020: Revenue of $277K, expenses of $271K, and assets of $3.5M (revenue +25.5% year-over-year).
2019: Revenue of $221K, expenses of $256K, and assets of $3.5M (revenue -43.4% year-over-year).
2018: Revenue of $390K, expenses of $228K, and assets of $3.4M (revenue -61.4% year-over-year).
2017: Revenue of $1.0M, expenses of $189K, and assets of $3.2M (revenue +393.4% year-over-year).
2016: Revenue of $205K, expenses of $147K, and assets of $1.3M (revenue +10.1% year-over-year).
2015: Revenue of $186K, expenses of $139K, and assets of $1.2M (revenue -11.7% year-over-year).
2014: Revenue of $211K, expenses of $157K, and assets of $1.2M (revenue +31.7% year-over-year).
2013: Revenue of $160K, expenses of $140K, and assets of $1.2M (revenue +1.8% year-over-year).
2012: Revenue of $157K, expenses of $145K, and assets of $1.2M (revenue -7.9% year-over-year).
2011: Revenue of $171K, expenses of $146K, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Salisbury Housing Committee 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.