Springfield Supported Housing Program
EIN: 261666635 · Springfield, VT · NTEE: L80
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.1M |
| Net Assets | $409K |
Is Springfield Supported Housing Program Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Springfield Supported Housing Program
Springfield Supported Housing Program (EIN: 261666635) is a nonprofit organization based in Springfield, VT, classified under NTEE code L80. The organization reported total revenue of $1.5M and total assets of $669K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Supported Housing Program's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springfield Supported Housing Program is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-21,823 |
| Total Assets | $441K |
| Total Liabilities | $32K |
| Net Assets | $409K |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 7.2% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2023, Springfield Supported Housing Program reported a deficit of $22K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate), has a debt-to-asset ratio of 7.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Springfield Supported Housing Program's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.2% | +35.5% | -4.1% |
| 2022 | -12.4% | +26.3% | -5.0% |
| 2021 | +44.4% | +28.2% | +83.8% |
| 2020 | +16.4% | -8.6% | +434.1% |
| 2018 | -2.3% | +1.4% | -16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Springfield Supported Housing Program has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Springfield Supported Housing Program with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.2%.
Frequently Asked Questions about Springfield Supported Housing Program
Is Springfield Supported Housing Program a legitimate charity?
Springfield Supported Housing Program (EIN: 261666635) is a registered tax-exempt nonprofit based in Vermont. It has 12 years of IRS 990 filings on record. Total revenue: $1.5M. No red flags identified. Financial health grade: B.
How does Springfield Supported Housing Program spend its money?
Springfield Supported Housing Program reported $1.5M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Springfield Supported Housing Program tax-deductible?
Springfield Supported Housing Program is registered as a tax-exempt nonprofit (EIN: 261666635). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Springfield Supported Housing Program located?
Springfield Supported Housing Program is headquartered in Springfield, Vermont and files with the IRS under EIN 261666635. It is classified under NTEE code L80.
How many years of IRS 990 filings does Springfield Supported Housing Program have?
Springfield Supported Housing Program has 12 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Springfield Supported Housing Program showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Springfield Supported Housing Program's revenue has grown by 206.8%, moving from $343K to $1.1M. Total assets increased by 412.3% over the same period, from $86K to $441K. Total functional expenses rose by 224.9%, from $330K to $1.1M. In its most recent filing year (2023), Springfield Supported Housing Program reported a deficit of $22K, with expenses exceeding revenue. The organization holds $32K in liabilities against $441K in assets (debt-to-asset ratio: 7.2%), resulting in net assets of $409K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $441K | $32K | — | View 990 |
| 2022 | $772K | $792K | $460K | $29K | — | View 990 |
| 2021 | $881K | $627K | $484K | $33K | — | View 990 |
| 2020 | $610K | $489K | $263K | $67K | — | — |
| 2018 | $524K | $535K | $49K | $14K | — | View 990 |
| 2017 | $537K | $528K | $59K | $13K | — | View 990 |
| 2016 | $514K | $514K | $56K | $20K | — | View 990 |
| 2015 | $494K | $512K | $51K | $14K | — | View 990 |
| 2014 | $448K | $466K | $74K | $19K | — | View 990 |
| 2013 | $413K | $416K | $86K | $13K | — | View 990 |
| 2012 | $389K | $386K | $86K | $10K | — | View 990 |
| 2011 | $343K | $330K | $86K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $441K (revenue +36.2% year-over-year).
- 2022: Revenue of $772K, expenses of $792K, and assets of $460K (revenue -12.4% year-over-year).
- 2021: Revenue of $881K, expenses of $627K, and assets of $484K (revenue +44.4% year-over-year).
- 2020: Revenue of $610K, expenses of $489K, and assets of $263K (revenue +16.4% year-over-year).
- 2018: Revenue of $524K, expenses of $535K, and assets of $49K (revenue -2.3% year-over-year).
- 2017: Revenue of $537K, expenses of $528K, and assets of $59K (revenue +4.5% year-over-year).
- 2016: Revenue of $514K, expenses of $514K, and assets of $56K (revenue +4.0% year-over-year).
- 2015: Revenue of $494K, expenses of $512K, and assets of $51K (revenue +10.3% year-over-year).
- 2014: Revenue of $448K, expenses of $466K, and assets of $74K (revenue +8.6% year-over-year).
- 2013: Revenue of $413K, expenses of $416K, and assets of $86K (revenue +6.1% year-over-year).
- 2012: Revenue of $389K, expenses of $386K, and assets of $86K (revenue +13.6% year-over-year).
- 2011: Revenue of $343K, expenses of $330K, and assets of $86K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springfield Supported Housing Program:
Data Sources and Methodology
This transparency report for Springfield Supported Housing Program 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.