St Matthew Housing Development Inc
EIN: 521918403 · Columbia, MD · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $299K |
| Net Assets | $-233,778 |
Is St Matthew Housing Development Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About St Matthew Housing Development Inc
St Matthew Housing Development Inc (EIN: 521918403) is a nonprofit organization based in Columbia, MD, classified under NTEE code L20. The organization reported total revenue of $314K and total assets of $901K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Matthew Housing Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Matthew Housing Development Inc is a small nonprofit that has been operating for 30 years, with 15 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $277K |
| Total Expenses | $299K |
| Surplus / Deficit | $-21,666 |
| Total Assets | $907K |
| Total Liabilities | $1.1M |
| Net Assets | $-233,778 |
| Operating Margin | -7.8% |
| Debt-to-Asset Ratio | 125.8% |
| Months of Reserves | 36.4 months |
Financial Health Grade: C
In 2023, St Matthew Housing Development Inc reported a deficit of $22K with expenses exceeding revenue, holds 36.4 months of operating reserves (strong position), has a debt-to-asset ratio of 125.8% (high leverage).
Financial Trends
Over 15 years of filings (2009–2023), St Matthew Housing Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | -1.1% | -5.3% |
| 2022 | +1.8% | +2.5% | -6.0% |
| 2021 | -36.6% | -14.8% | -5.0% |
| 2020 | +40.5% | +4.0% | +10.3% |
| 2019 | +14.6% | +21.7% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for St Matthew Housing Development Inc 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 St Matthew Housing Development Inc 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: 125.8%.
Frequently Asked Questions about St Matthew Housing Development Inc
Is St Matthew Housing Development Inc a legitimate charity?
St Matthew Housing Development Inc (EIN: 521918403) is a registered tax-exempt nonprofit based in Maryland. It has 15 years of IRS 990 filings on record. Total revenue: $314K. No red flags identified. Financial health grade: C.
How does St Matthew Housing Development Inc spend its money?
St Matthew Housing Development Inc reported $314K in total revenue in IRS 990 filings. 15 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to St Matthew Housing Development Inc tax-deductible?
St Matthew Housing Development Inc is registered as a tax-exempt nonprofit (EIN: 521918403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is St Matthew Housing Development Inc located?
St Matthew Housing Development Inc is headquartered in Columbia, Maryland and files with the IRS under EIN 521918403. It is classified under NTEE code L20.
How many years of IRS 990 filings does St Matthew Housing Development Inc have?
St Matthew Housing Development Inc has 15 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 $314K in total revenue.
Filing History
IRS 990 filing history for St Matthew Housing Development Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2023), St Matthew Housing Development Inc's revenue has grown by 41.4%, moving from $196K to $277K. Total assets decreased by 21.4% over the same period, from $1.2M to $907K. Total functional expenses rose by 38.7%, from $216K to $299K. In its most recent filing year (2023), St Matthew Housing Development Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $907K in assets (debt-to-asset ratio: 125.8%), resulting in net assets of $-233,778.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $277K | $299K | $907K | $1.1M | — | View 990 |
| 2022 | $267K | $302K | $958K | $1.2M | — | View 990 |
| 2021 | $263K | $295K | $1.0M | $1.2M | — | — |
| 2020 | $415K | $346K | $1.1M | $1.2M | — | View 990 |
| 2019 | $295K | $333K | $972K | $1.2M | — | View 990 |
| 2018 | $258K | $274K | $959K | $1.1M | — | View 990 |
| 2017 | $250K | $263K | $967K | $1.1M | — | View 990 |
| 2016 | $238K | $255K | $983K | $1.1M | — | View 990 |
| 2015 | $248K | $285K | $1.0M | $1.1M | — | View 990 |
| 2014 | $246K | $227K | $1.0M | $1.1M | — | View 990 |
| 2013 | $254K | $236K | $1.0M | $1.2M | — | View 990 |
| 2012 | $224K | $231K | $1.1M | $1.2M | — | View 990 |
| 2011 | $176K | $276K | $1.1M | $1.2M | — | View 990 |
| 2010 | $165K | $222K | $1.1M | $1.1M | — | View 990 |
| 2009 | $196K | $216K | $1.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $277K, expenses of $299K, and assets of $907K (revenue +3.7% year-over-year).
- 2022: Revenue of $267K, expenses of $302K, and assets of $958K (revenue +1.8% year-over-year).
- 2021: Revenue of $263K, expenses of $295K, and assets of $1.0M (revenue -36.6% year-over-year).
- 2020: Revenue of $415K, expenses of $346K, and assets of $1.1M (revenue +40.5% year-over-year).
- 2019: Revenue of $295K, expenses of $333K, and assets of $972K (revenue +14.6% year-over-year).
- 2018: Revenue of $258K, expenses of $274K, and assets of $959K (revenue +3.0% year-over-year).
- 2017: Revenue of $250K, expenses of $263K, and assets of $967K (revenue +5.2% year-over-year).
- 2016: Revenue of $238K, expenses of $255K, and assets of $983K (revenue -4.1% year-over-year).
- 2015: Revenue of $248K, expenses of $285K, and assets of $1.0M (revenue +1.0% year-over-year).
- 2014: Revenue of $246K, expenses of $227K, and assets of $1.0M (revenue -3.2% year-over-year).
- 2013: Revenue of $254K, expenses of $236K, and assets of $1.0M (revenue +13.4% year-over-year).
- 2012: Revenue of $224K, expenses of $231K, and assets of $1.1M (revenue +27.2% year-over-year).
- 2011: Revenue of $176K, expenses of $276K, and assets of $1.1M (revenue +6.4% year-over-year).
- 2010: Revenue of $165K, expenses of $222K, and assets of $1.1M (revenue -15.6% year-over-year).
- 2009: Revenue of $196K, expenses of $216K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Matthew Housing Development Inc:
Data Sources and Methodology
This transparency report for St Matthew Housing Development 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.