Tacoma Housing Development Group
EIN: 810557198 · Tacoma, WA · NTEE: L11
| Metric | Value |
|---|---|
| Total Revenue | $402K |
| Total Expenses | $963K |
| Net Assets | $13.6M |
Is Tacoma Housing Development Group Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tacoma Housing Development Group
Tacoma Housing Development Group (EIN: 810557198) is a nonprofit organization based in Tacoma, WA, classified under NTEE code L11. The organization reported total revenue of $402K and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tacoma Housing Development Group's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tacoma Housing Development Group is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 54.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $496K |
| Total Expenses | $963K |
| Surplus / Deficit | $-466,755 |
| Total Assets | $13.9M |
| Total Liabilities | $338K |
| Net Assets | $13.6M |
| Operating Margin | -94.0% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 173.7 months |
Financial Health Grade: B
In 2023, Tacoma Housing Development Group reported a deficit of $467K with expenses exceeding revenue, holds 173.7 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Tacoma Housing Development Group's revenue has grown at a compound annual growth rate (CAGR) of 54.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +78.9% | +71.8% | -5.3% |
| 2022 | -43.3% | -15.7% | -0.5% |
| 2021 | +391.3% | -58.0% | -3.0% |
| 2020 | -17.6% | +68.4% | -7.0% |
| 2019 | +7.2% | +603.2% | +1933.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tacoma Housing Development Group 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 Tacoma Housing Development Group 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 $467K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Tacoma Housing Development Group
Is Tacoma Housing Development Group a legitimate charity?
Tacoma Housing Development Group (EIN: 810557198) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $402K. No red flags identified. Financial health grade: B.
How does Tacoma Housing Development Group spend its money?
Tacoma Housing Development Group reported $402K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Tacoma Housing Development Group tax-deductible?
Tacoma Housing Development Group is registered as a tax-exempt nonprofit (EIN: 810557198). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tacoma Housing Development Group located?
Tacoma Housing Development Group is headquartered in Tacoma, Washington and files with the IRS under EIN 810557198. It is classified under NTEE code L11.
How many years of IRS 990 filings does Tacoma Housing Development Group have?
Tacoma Housing Development Group 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 $402K in total revenue.
Filing History
IRS 990 filing history for Tacoma Housing Development Group showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tacoma Housing Development Group's revenue has grown by 18438.4%, moving from $3K to $496K. Total assets increased by 50527.4% over the same period, from $28K to $13.9M. Total functional expenses rose by 4520%, from $21K to $963K. In its most recent filing year (2023), Tacoma Housing Development Group reported a deficit of $467K, with expenses exceeding revenue. The organization holds $338K in liabilities against $13.9M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $13.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $496K | $963K | $13.9M | $338K | — | View 990 |
| 2022 | $278K | $561K | $14.7M | $646K | — | View 990 |
| 2021 | $489K | $665K | $14.8M | $436K | — | View 990 |
| 2020 | $100K | $1.6M | $15.2M | $713K | — | View 990 |
| 2019 | $121K | $939K | $16.4M | $384K | — | View 990 |
| 2018 | $113K | $134K | $806K | $100K | — | View 990 |
| 2017 | $426K | $221K | $731K | $4K | — | View 990 |
| 2016 | $62K | $2K | $522K | $0 | — | View 990 |
| 2015 | $400K | $20K | $462K | $0 | — | View 990 |
| 2014 | $180K | $143K | $158K | $75K | — | View 990 |
| 2013 | $14K | $23K | $46K | $0 | — | View 990 |
| 2012 | $37K | $8K | $55K | $0 | — | View 990 |
| 2011 | $3K | $21K | $28K | $636 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $496K, expenses of $963K, and assets of $13.9M (revenue +78.9% year-over-year).
- 2022: Revenue of $278K, expenses of $561K, and assets of $14.7M (revenue -43.3% year-over-year).
- 2021: Revenue of $489K, expenses of $665K, and assets of $14.8M (revenue +391.3% year-over-year).
- 2020: Revenue of $100K, expenses of $1.6M, and assets of $15.2M (revenue -17.6% year-over-year).
- 2019: Revenue of $121K, expenses of $939K, and assets of $16.4M (revenue +7.2% year-over-year).
- 2018: Revenue of $113K, expenses of $134K, and assets of $806K (revenue -73.6% year-over-year).
- 2017: Revenue of $426K, expenses of $221K, and assets of $731K (revenue +581.9% year-over-year).
- 2016: Revenue of $62K, expenses of $2K, and assets of $522K (revenue -84.4% year-over-year).
- 2015: Revenue of $400K, expenses of $20K, and assets of $462K (revenue +122.1% year-over-year).
- 2014: Revenue of $180K, expenses of $143K, and assets of $158K (revenue +1214.3% year-over-year).
- 2013: Revenue of $14K, expenses of $23K, and assets of $46K (revenue -62.6% year-over-year).
- 2012: Revenue of $37K, expenses of $8K, and assets of $55K (revenue +1268.3% year-over-year).
- 2011: Revenue of $3K, expenses of $21K, and assets of $28K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tacoma Housing Development Group:
Data Sources and Methodology
This transparency report for Tacoma Housing Development Group 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.