Statewide Affordable Housing Inc
EIN: 50447750 · Newport, RI · NTEE: L20Z
| Metric | Value |
|---|---|
| Total Expenses | $15K |
| Net Assets | $-51,704 |
Is Statewide Affordable Housing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Statewide Affordable Housing Inc
Statewide Affordable Housing Inc (EIN: 50447750) is a nonprofit organization based in Newport, RI, classified under NTEE code L20Z. 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 Statewide Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Statewide Affordable Housing Inc is a micro nonprofit that has been operating for 34 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -5.3%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $15K |
| Surplus / Deficit | $-6,108 |
| Total Assets | $805K |
| Total Liabilities | $857K |
| Net Assets | $-51,704 |
| Operating Margin | -67.9% |
| Debt-to-Asset Ratio | 106.4% |
| Months of Reserves | 639.7 months |
Financial Health Grade: C
In 2018, Statewide Affordable Housing Inc reported a deficit of $6K with expenses exceeding revenue, holds 639.7 months of operating reserves (strong position), has a debt-to-asset ratio of 106.4% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Statewide Affordable Housing Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | -7.4% | +194.1% | +1.1% |
| 2017 | -6.7% | -49.4% | +0.5% |
| 2016 | +25.5% | -21.7% | -0.1% |
| 2015 | -4.0% | +40.6% | +0.1% |
| 2014 | -76.1% | -46.4% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Statewide Affordable Housing 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 Statewide Affordable Housing 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 106.4%.
Frequently Asked Questions about Statewide Affordable Housing Inc
Is Statewide Affordable Housing Inc a legitimate charity?
Statewide Affordable Housing Inc (EIN: 50447750) is a registered tax-exempt nonprofit based in Rhode Island. It has 8 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Statewide Affordable Housing Inc spend its money?
Statewide Affordable Housing Inc reported its financials in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Statewide Affordable Housing Inc tax-deductible?
Statewide Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 50447750). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Statewide Affordable Housing Inc located?
Statewide Affordable Housing Inc is headquartered in Newport, Rhode Island and files with the IRS under EIN 50447750. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Statewide Affordable Housing Inc have?
Statewide Affordable Housing Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Filing History
IRS 990 filing history for Statewide Affordable Housing Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Statewide Affordable Housing Inc's revenue has declined by 31.9%, moving from $13K to $9K. Total assets increased by 4.1% over the same period, from $773K to $805K. Total functional expenses rose by 14%, from $13K to $15K. In its most recent filing year (2018), Statewide Affordable Housing Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $857K in liabilities against $805K in assets (debt-to-asset ratio: 106.4%), resulting in net assets of $-51,704.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $9K | $15K | $805K | $857K | — | View 990 |
| 2017 | $10K | $5K | $796K | $842K | — | — |
| 2016 | $10K | $10K | $792K | $843K | — | View 990 |
| 2015 | $8K | $13K | $793K | $844K | — | View 990 |
| 2014 | $9K | $9K | $792K | $838K | — | View 990 |
| 2013 | $36K | $17K | $792K | $837K | — | View 990 |
| 2012 | $14K | $9K | $775K | $839K | — | View 990 |
| 2011 | $13K | $13K | $773K | $842K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $9K, expenses of $15K, and assets of $805K (revenue -7.4% year-over-year).
- 2017: Revenue of $10K, expenses of $5K, and assets of $796K (revenue -6.7% year-over-year).
- 2016: Revenue of $10K, expenses of $10K, and assets of $792K (revenue +25.5% year-over-year).
- 2015: Revenue of $8K, expenses of $13K, and assets of $793K (revenue -4.0% year-over-year).
- 2014: Revenue of $9K, expenses of $9K, and assets of $792K (revenue -76.1% year-over-year).
- 2013: Revenue of $36K, expenses of $17K, and assets of $792K (revenue +165.3% year-over-year).
- 2012: Revenue of $14K, expenses of $9K, and assets of $775K (revenue +3.1% year-over-year).
- 2011: Revenue of $13K, expenses of $13K, and assets of $773K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Statewide Affordable Housing Inc:
Data Sources and Methodology
This transparency report for Statewide Affordable 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.