Salmon Creek Housing Inc
Salmon Creek Housing Inc. consistently operates at a deficit, with liabilities exceeding assets for several years.
EIN: 20713689 · Juneau, AK · NTEE: P73 · Updated: 2026-03-28
Is Salmon Creek Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salmon Creek Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salmon Creek Housing Inc
Salmon Creek Housing Inc (EIN: 20713689) is a nonprofit organization based in Juneau, AK, classified under NTEE code P73. The organization reported total revenue of $135K and total assets of $645K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salmon Creek Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salmon Creek Housing Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $128K |
| Total Expenses | $131K |
| Surplus / Deficit | $-3,568 |
| Total Assets | $664K |
| Total Liabilities | $847K |
| Net Assets | $-183,416 |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 127.6% |
| Months of Reserves | 60.7 months |
Financial Health Grade: C
In 2024, Salmon Creek Housing Inc reported a deficit of $4K with expenses exceeding revenue, holds 60.7 months of operating reserves (strong position), has a debt-to-asset ratio of 127.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Salmon Creek Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +24.2% | +22.3% | +2.1% |
| 2023 | +45.2% | -2.0% | +2.0% |
| 2022 | +8.9% | +54.7% | -12.4% |
| 2021 | +12.5% | -15.1% | +0.7% |
| 2020 | -11.1% | +15.3% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Salmon Creek Housing Inc with a Mission Score of 60 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: 85%
- fundraising: 0%
According to IRS 990 filings, Salmon Creek Housing Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 127.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly efficient for an organization of its size.
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 Salmon Creek Housing Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over multiple years, e.g., 202406 expenses $131,278 vs. revenue $127,710.
- Negative net asset position, with liabilities significantly exceeding assets (e.g., 202406 liabilities $846,977 vs. assets $663,561).
- Declining asset base over the past decade, from $794,722 in 201506 to $663,561 in 202406.
- Increasing liabilities over the past decade, from $801,567 in 201506 to $846,977 in 202406.
Strengths
The following positive indicators were identified for Salmon Creek Housing Inc:
- Zero reported officer compensation across all filings, indicating highly efficient executive spending.
- Consistent filing of IRS Form 990s demonstrates transparency and compliance.
- Focus on a clear mission (housing) as indicated by NTEE code P73.
Frequently Asked Questions about Salmon Creek Housing Inc
Is Salmon Creek Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salmon Creek Housing Inc (EIN: 20713689) some concerns. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
How does Salmon Creek Housing Inc spend its money?
Salmon Creek Housing Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salmon Creek Housing Inc tax-deductible?
Salmon Creek Housing Inc is registered as a tax-exempt nonprofit (EIN: 20713689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Salmon Creek Housing Inc. financially sustainable?
The organization has consistently reported expenses exceeding revenue for many years (e.g., 202406: expenses $131,278 vs. revenue $127,710), leading to a negative net asset position where liabilities ($846,977 in 202406) significantly outweigh assets ($663,561 in 202406). This trend raises serious concerns about its long-term financial sustainability.
How does Salmon Creek Housing Inc. manage its administrative costs?
The organization reports 0% officer compensation across all filings, suggesting very low or no executive salary overhead. This indicates a highly efficient approach to administrative costs at the executive level, likely relying on volunteer efforts.
What is the trend in the organization's assets and liabilities?
Assets have generally declined from a high of $794,722 in 201506 to $663,561 in 202406, while liabilities have steadily increased from $801,567 in 201506 to $846,977 in 202406. This indicates a worsening financial position with growing debt relative to available resources.
Does the organization rely heavily on fundraising?
Based on the available data, there is no specific breakdown of fundraising expenses. However, given the consistent operational deficits, it suggests that current revenue streams, which would include fundraising, are insufficient to cover expenses.
Filing History
IRS 990 filing history for Salmon Creek Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Salmon Creek Housing Inc's revenue has grown by 31.1%, moving from $97K to $128K. Total assets decreased by 15.5% over the same period, from $785K to $664K. Total functional expenses rose by 86.8%, from $70K to $131K. In its most recent filing year (2024), Salmon Creek Housing Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $847K in liabilities against $664K in assets (debt-to-asset ratio: 127.6%), resulting in net assets of $-183,416.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $128K | $131K | $664K | $847K | — | — |
| 2023 | $103K | $107K | $650K | $830K | — | — |
| 2022 | $71K | $110K | $637K | $813K | — | View 990 |
| 2021 | $65K | $71K | $728K | $865K | — | — |
| 2020 | $58K | $83K | $723K | $854K | — | View 990 |
| 2019 | $65K | $72K | $708K | $813K | — | View 990 |
| 2018 | $59K | $85K | $712K | $810K | — | — |
| 2017 | $54K | $77K | $729K | $801K | — | View 990 |
| 2016 | $52K | $94K | $747K | $796K | — | View 990 |
| 2015 | $54K | $69K | $795K | $802K | — | View 990 |
| 2014 | $62K | $65K | $797K | $788K | — | View 990 |
| 2013 | $93K | $81K | $799K | $787K | — | View 990 |
| 2012 | $97K | $70K | $785K | $786K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $128K, expenses of $131K, and assets of $664K (revenue +24.2% year-over-year).
- 2023: Revenue of $103K, expenses of $107K, and assets of $650K (revenue +45.2% year-over-year).
- 2022: Revenue of $71K, expenses of $110K, and assets of $637K (revenue +8.9% year-over-year).
- 2021: Revenue of $65K, expenses of $71K, and assets of $728K (revenue +12.5% year-over-year).
- 2020: Revenue of $58K, expenses of $83K, and assets of $723K (revenue -11.1% year-over-year).
- 2019: Revenue of $65K, expenses of $72K, and assets of $708K (revenue +10.5% year-over-year).
- 2018: Revenue of $59K, expenses of $85K, and assets of $712K (revenue +9.9% year-over-year).
- 2017: Revenue of $54K, expenses of $77K, and assets of $729K (revenue +2.4% year-over-year).
- 2016: Revenue of $52K, expenses of $94K, and assets of $747K (revenue -2.3% year-over-year).
- 2015: Revenue of $54K, expenses of $69K, and assets of $795K (revenue -13.0% year-over-year).
- 2014: Revenue of $62K, expenses of $65K, and assets of $797K (revenue -34.0% year-over-year).
- 2013: Revenue of $93K, expenses of $81K, and assets of $799K (revenue -4.2% year-over-year).
- 2012: Revenue of $97K, expenses of $70K, and assets of $785K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salmon Creek Housing Inc:
Data Sources and Methodology
This transparency report for Salmon Creek 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.