Souhegan Valley Interfaith Housing Corporation
Souhegan Valley Interfaith Housing Corporation faces significant operating deficits and declining assets.
EIN: 20518442 · Amherst, NH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $53K |
| Program Spending | 80% |
| Net Assets | $310K |
| Transparency Score | 45/100 |
Is Souhegan Valley Interfaith Housing Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Souhegan Valley Interfaith Housing Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Souhegan Valley Interfaith Housing Corporation
Souhegan Valley Interfaith Housing Corporation (EIN: 20518442) is a nonprofit organization based in Amherst, NH, classified under NTEE code L22. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Souhegan Valley Interfaith Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Souhegan Valley Interfaith Housing Corporation is a micro nonprofit that has been operating for 25 years, with 4 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $53K |
| Surplus / Deficit | $-50,830 |
| Total Assets | $310K |
| Net Assets | $310K |
| Operating Margin | -2998.8% |
| Months of Reserves | 70.8 months |
Financial Health Grade: B
In 2023, Souhegan Valley Interfaith Housing Corporation reported a deficit of $51K with expenses exceeding revenue, holds 70.8 months of operating reserves (strong position).
Financial Trends
Over 4 years of filings (2013–2023), Souhegan Valley Interfaith Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -87.0% | -22.8% | -14.1% |
| 2022 | -96.5% | +158.1% | -13.2% |
| 2021 | +21857.5% | +112.7% | +1043.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Souhegan Valley Interfaith Housing Corporation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Souhegan Valley Interfaith Housing Corporation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is commendable for minimizing overhead.
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 Souhegan Valley Interfaith Housing Corporation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $1,695 revenue vs. $52,525 expenses in 202306)
- Declining asset base ($415,542 in 202106 to $309,703 in 202306)
- Significant year-over-year revenue volatility (e.g., $371,301 in 202106 vs. $1,695 in 202306)
Strengths
The following positive indicators were identified for Souhegan Valley Interfaith Housing Corporation:
- No officer compensation reported, indicating a volunteer-led leadership
- Zero liabilities reported across all filings, suggesting no outstanding debt
Frequently Asked Questions about Souhegan Valley Interfaith Housing Corporation
Is Souhegan Valley Interfaith Housing Corporation a legitimate charity?
Souhegan Valley Interfaith Housing Corporation (EIN: 20518442) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 45/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Souhegan Valley Interfaith Housing Corporation spend its money?
Souhegan Valley Interfaith Housing Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Souhegan Valley Interfaith Housing Corporation tax-deductible?
Souhegan Valley Interfaith Housing Corporation is registered as a tax-exempt nonprofit (EIN: 20518442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Souhegan Valley Interfaith Housing Corporation's spending goes to programs?
Souhegan Valley Interfaith Housing Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Souhegan Valley Interfaith Housing Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Souhegan Valley Interfaith Housing Corporation is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Souhegan Valley Interfaith Housing Corporation located?
Souhegan Valley Interfaith Housing Corporation is headquartered in Amherst, New Hampshire and files with the IRS under EIN 20518442. It is classified under NTEE code L22.
How many years of IRS 990 filings does Souhegan Valley Interfaith Housing Corporation have?
Souhegan Valley Interfaith Housing Corporation has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Souhegan Valley Interfaith Housing Corporation financially sustainable?
Based on recent filings, the organization's financial sustainability is questionable, as expenses have consistently outpaced revenue in the 202306 and 202206 periods, leading to a decline in assets.
What caused the large revenue spike in 202106?
The filings do not provide specific details, but the $371,301 revenue in 202106 is a significant anomaly compared to other periods and would warrant further investigation to understand its source and whether it was a one-time event.
How does the organization cover its operating deficits?
The recurring deficits suggest the organization is either drawing down on its assets, as evidenced by the decline from $415,542 in 202106 to $309,703 in 202306, or relying on infrequent large contributions.
Filing History
IRS 990 filing history for Souhegan Valley Interfaith Housing Corporation showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2013–2023), Souhegan Valley Interfaith Housing Corporation's revenue has grown by 0.2%, moving from $2K to $2K. Total assets increased by 752.1% over the same period, from $36K to $310K. Total functional expenses rose by 323.5%, from $12K to $53K. In its most recent filing year (2023), Souhegan Valley Interfaith Housing Corporation reported a deficit of $51K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $53K | $310K | $0 | — | View 990 |
| 2022 | $13K | $68K | $361K | $0 | — | — |
| 2021 | $371K | $26K | $416K | $0 | — | — |
| 2013 | $2K | $12K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $53K, and assets of $310K (revenue -87.0% year-over-year).
- 2022: Revenue of $13K, expenses of $68K, and assets of $361K (revenue -96.5% year-over-year).
- 2021: Revenue of $371K, expenses of $26K, and assets of $416K (revenue +21857.5% year-over-year).
- 2013: Revenue of $2K, expenses of $12K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Souhegan Valley Interfaith Housing Corporation:
Data Sources and Methodology
This transparency report for Souhegan Valley Interfaith Housing Corporation 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.