Southeastern Massachusetts Veterans Housing Program Inc
Southeastern Massachusetts Veterans Housing Program Inc shows consistent financial growth and no reported officer compensation.
EIN: 111190035 · New Bedford, MA · NTEE: W30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| Net Assets | $3.4M |
| Transparency Score | 92/100 |
Is Southeastern Massachusetts Veterans Housing Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southeastern Massachusetts Veterans Housing Program Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southeastern Massachusetts Veterans Housing Program Inc
Southeastern Massachusetts Veterans Housing Program Inc (EIN: 111190035) is a nonprofit organization based in New Bedford, MA, classified under NTEE code W30. The organization reported total revenue of $2.6M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southeastern Massachusetts Veterans Housing Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southeastern Massachusetts Veterans Housing Program Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$470K |
| Total Assets | $4.0M |
| Total Liabilities | $590K |
| Net Assets | $3.4M |
| Operating Margin | 16.3% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Southeastern Massachusetts Veterans Housing Program Inc reported a surplus of $470K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southeastern Massachusetts Veterans Housing Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.3% | +27.5% | +19.0% |
| 2022 | +7.2% | +6.3% | -1.8% |
| 2021 | +10.5% | +0.1% | -3.9% |
| 2020 | -50.2% | +8.3% | -3.7% |
| 2019 | +57.5% | +4.8% | +60.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Southeastern Massachusetts Veterans Housing Program 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Southeastern Massachusetts Veterans Housing Program Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $470K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a strong positive for directing funds to mission-related activities.
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 Southeastern Massachusetts Veterans Housing Program Inc's IRS 990 filings:
- No detailed functional expense breakdown provided in summary data (e.g., specific program vs. admin vs. fundraising percentages from 990, Part IX)
Strengths
The following positive indicators were identified for Southeastern Massachusetts Veterans Housing Program Inc:
- Consistent revenue growth, reaching $2,881,457 in 2023.
- Significant asset growth from $1,717,448 in 2014 to $3,976,951 in 2023.
- 0% reported officer compensation across all available filings, indicating high efficiency in directing funds to programs.
- Healthy surpluses in most recent years, demonstrating strong financial management.
- Long and consistent IRS 990 filing history (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Southeastern Massachusetts Veterans Housing Program Inc
Is Southeastern Massachusetts Veterans Housing Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Southeastern Massachusetts Veterans Housing Program Inc (EIN: 111190035) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Southeastern Massachusetts Veterans Housing Program Inc spend its money?
Southeastern Massachusetts Veterans Housing Program Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southeastern Massachusetts Veterans Housing Program Inc tax-deductible?
Southeastern Massachusetts Veterans Housing Program Inc is registered as a tax-exempt nonprofit (EIN: 111190035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Southeastern Massachusetts Veterans Housing Program Inc's spending goes to programs?
Southeastern Massachusetts Veterans Housing Program Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southeastern Massachusetts Veterans Housing Program Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Southeastern Massachusetts Veterans Housing Program Inc is above average for NTEE category W30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southeastern Massachusetts Veterans Housing Program Inc located?
Southeastern Massachusetts Veterans Housing Program Inc is headquartered in New Bedford, Massachusetts and files with the IRS under EIN 111190035. It is classified under NTEE code W30.
How many years of IRS 990 filings does Southeastern Massachusetts Veterans Housing Program Inc have?
Southeastern Massachusetts Veterans Housing Program 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 $2.6M in total revenue.
Is Southeastern Massachusetts Veterans Housing Program Inc a good charity?
Based on the provided financial data, the organization appears to be a good charity. It demonstrates strong financial health with consistent revenue, asset growth, and a notable absence of reported officer compensation, suggesting efficient use of funds for its mission.
How has the organization's financial health changed over time?
The organization has shown consistent financial growth. Revenue has generally increased from $1,492,054 in 2014 to $2,881,457 in 2023, and assets have grown significantly from $1,717,448 in 2014 to $3,976,951 in 2023, indicating robust financial management.
What is the trend in their expenses versus revenue?
For most periods, revenue has exceeded expenses, leading to surpluses. For example, in 2023, revenue was $2,881,457 and expenses were $2,411,511. There were a few periods, like 2020 and 2016, where expenses slightly exceeded revenue, but overall, the trend shows responsible spending within or below income.
Filing History
IRS 990 filing history for Southeastern Massachusetts Veterans Housing Program Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southeastern Massachusetts Veterans Housing Program Inc's revenue has grown by 171%, moving from $1.1M to $2.9M. Total assets increased by 178.4% over the same period, from $1.4M to $4.0M. Total functional expenses rose by 129.8%, from $1.0M to $2.4M. In its most recent filing year (2023), Southeastern Massachusetts Veterans Housing Program Inc reported a surplus of $470K, with revenue exceeding expenses. The organization holds $590K in liabilities against $4.0M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.4M | $4.0M | $590K | — | View 990 |
| 2022 | $2.0M | $1.9M | $3.3M | $426K | — | View 990 |
| 2021 | $1.8M | $1.8M | $3.4M | $566K | — | View 990 |
| 2020 | $1.7M | $1.8M | $3.5M | $761K | — | — |
| 2019 | $3.3M | $1.6M | $3.7M | $784K | — | View 990 |
| 2018 | $2.1M | $1.6M | $2.3M | $890K | — | View 990 |
| 2017 | $1.4M | $1.4M | $1.7M | $826K | — | View 990 |
| 2016 | $1.4M | $1.6M | $1.8M | $943K | — | View 990 |
| 2015 | $1.7M | $1.6M | $1.9M | $939K | — | View 990 |
| 2014 | $1.5M | $1.5M | $1.7M | $886K | — | View 990 |
| 2013 | $1.2M | $1.2M | $1.5M | $682K | — | View 990 |
| 2012 | $1.2M | $1.1M | $1.5M | $670K | — | View 990 |
| 2011 | $1.1M | $1.0M | $1.4M | $738K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.4M, and assets of $4.0M (revenue +46.3% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $3.3M (revenue +7.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.8M, and assets of $3.4M (revenue +10.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $3.5M (revenue -50.2% year-over-year).
- 2019: Revenue of $3.3M, expenses of $1.6M, and assets of $3.7M (revenue +57.5% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.6M, and assets of $2.3M (revenue +48.6% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $1.7M (revenue -1.5% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.6M, and assets of $1.8M (revenue -12.8% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.6M, and assets of $1.9M (revenue +11.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $1.7M (revenue +20.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $1.5M (revenue +3.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $1.5M (revenue +12.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.0M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southeastern Massachusetts Veterans Housing Program Inc:
Data Sources and Methodology
This transparency report for Southeastern Massachusetts Veterans Housing Program 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.