Teresian House Housing Corporation
Teresian House Housing Corporation maintains operational surpluses with no reported officer compensation, despite high liabilities.
EIN: 141819599 · Albany, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.5M |
| Total Expenses | $8.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $-19,993,510 |
| Transparency Score | 85/100 |
Is Teresian House Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Teresian House Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Teresian House Housing Corporation
Teresian House Housing Corporation (EIN: 141819599) is a nonprofit organization based in Albany, NY, classified under NTEE code L22. The organization reported total revenue of $9.5M and total assets of $30.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teresian House Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teresian House Housing Corporation is a mid-size 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 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.2M |
| Total Expenses | $8.5M |
| Surplus / Deficit | +$730K |
| Total Assets | $33.4M |
| Total Liabilities | $53.4M |
| Net Assets | $-19,993,510 |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 159.9% |
| Months of Reserves | 47.4 months |
Financial Health Grade: A
In 2023, Teresian House Housing Corporation reported a surplus of $730K with revenue exceeding expenses, holds 47.4 months of operating reserves (strong position), has a debt-to-asset ratio of 159.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teresian House Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +8.3% | +22.6% |
| 2022 | +11.9% | +3.0% | -4.4% |
| 2021 | -5.9% | -1.7% | -6.6% |
| 2020 | +9.1% | -0.4% | -4.3% |
| 2019 | +2.4% | +2.7% | -3.7% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Teresian House Housing Corporation with a Mission Score of 85 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, Teresian House Housing Corporation 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 $730K, with revenue exceeding expenses.
- Debt-to-asset ratio: 159.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with revenues approaching $10 million.
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 Teresian House Housing Corporation's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a high debt burden (e.g., $53,370,699 liabilities vs. $33,377,189 assets in 2023).
- Consistent reporting of 0% officer compensation, which is highly unusual for an organization of this size and could warrant further investigation into leadership compensation structures.
Strengths
The following positive indicators were identified for Teresian House Housing Corporation:
- Consistent operational surpluses in recent years (e.g., $730,261 surplus in 2023), indicating sound financial management.
- Strong revenue growth, increasing from $7,463,112 in 2021 to $9,188,316 in 2023.
- No reported officer compensation, suggesting a high dedication of funds directly to the mission.
Frequently Asked Questions about Teresian House Housing Corporation
Is Teresian House Housing Corporation a legitimate charity?
Teresian House Housing Corporation (EIN: 141819599) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.5M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Teresian House Housing Corporation spend its money?
Teresian House Housing Corporation directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Teresian House Housing Corporation tax-deductible?
Teresian House Housing Corporation is registered as a tax-exempt nonprofit (EIN: 141819599). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Teresian House Housing Corporation CEO make?
Teresian House Housing Corporation's highest-compensated officer earns $10 annually. The organization reported $9.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Teresian House Housing Corporation's spending goes to programs?
Teresian House Housing Corporation directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Teresian House Housing Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Teresian House Housing Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Teresian House Housing Corporation located?
Teresian House Housing Corporation is headquartered in Albany, New York and files with the IRS under EIN 141819599. It is classified under NTEE code L22.
How many years of IRS 990 filings does Teresian House Housing Corporation have?
Teresian House Housing Corporation 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 $9.5M in total revenue.
Is Teresian House Housing Corporation financially stable given its high liabilities?
While Teresian House Housing Corporation consistently reports liabilities exceeding assets (e.g., $53,370,699 in liabilities vs. $33,377,189 in assets in 2023), it has also consistently generated operational surpluses in recent years (e.g., $730,261 surplus in 2023). This suggests that while it carries significant debt, its ongoing operations are generating sufficient revenue to cover expenses, indicating a degree of operational stability.
What is the nature of the organization's liabilities?
The IRS 990 data alone does not detail the specific nature of the liabilities. Given its NTEE code (L22 - Housing for the Elderly) and 'Housing Corporation' in its name, it is highly probable that a significant portion of these liabilities are long-term debt related to property, facilities, or mortgages for its housing operations.
How does the 0% officer compensation impact the organization?
The reported 0% officer compensation suggests that either executive leadership is entirely volunteer-based, compensated by a related entity, or the compensation is structured in a way not reported as officer compensation on the 990. While it can indicate a strong commitment to mission, it's an unusual practice for an organization of this scale and could raise questions about leadership sustainability or hidden compensation structures if not further clarified.
Has the organization's financial health improved or declined over time?
Financially, the organization has shown improvement in revenue generation and expense management, moving from periods of deficits (e.g., $466,584 deficit in 2019) to consistent surpluses in recent years (e.g., $730,261 surplus in 2023). Assets have also shown recent growth, though liabilities remain substantial.
Filing History
IRS 990 filing history for Teresian House Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teresian House Housing Corporation's revenue has grown by 71.6%, moving from $5.4M to $9.2M. Total assets decreased by 25.9% over the same period, from $45.1M to $33.4M. Total functional expenses rose by 27%, from $6.7M to $8.5M. In its most recent filing year (2023), Teresian House Housing Corporation reported a surplus of $730K, with revenue exceeding expenses. The organization holds $53.4M in liabilities against $33.4M in assets (debt-to-asset ratio: 159.9%), resulting in net assets of $-19,993,510.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.2M | $8.5M | $33.4M | $53.4M | — | — |
| 2022 | $8.4M | $7.8M | $27.2M | $48.0M | — | View 990 |
| 2021 | $7.5M | $7.6M | $28.5M | $50.2M | — | View 990 |
| 2020 | $7.9M | $7.7M | $30.5M | $52.7M | — | View 990 |
| 2019 | $7.3M | $7.7M | $31.9M | $54.2M | — | View 990 |
| 2018 | $7.1M | $7.5M | $33.1M | $54.9M | — | View 990 |
| 2017 | $7.3M | $7.4M | $36.0M | $57.6M | — | View 990 |
| 2016 | $7.2M | $7.4M | $36.8M | $58.8M | — | View 990 |
| 2015 | $7.3M | $7.6M | $37.1M | $59.0M | — | View 990 |
| 2014 | $7.1M | $7.2M | $38.9M | $60.4M | — | View 990 |
| 2013 | $6.5M | $7.0M | $41.4M | $59.6M | — | View 990 |
| 2012 | $6.0M | $6.9M | $41.9M | $59.7M | — | View 990 |
| 2011 | $5.4M | $6.7M | $45.1M | $61.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.2M, expenses of $8.5M, and assets of $33.4M (revenue +10.0% year-over-year).
- 2022: Revenue of $8.4M, expenses of $7.8M, and assets of $27.2M (revenue +11.9% year-over-year).
- 2021: Revenue of $7.5M, expenses of $7.6M, and assets of $28.5M (revenue -5.9% year-over-year).
- 2020: Revenue of $7.9M, expenses of $7.7M, and assets of $30.5M (revenue +9.1% year-over-year).
- 2019: Revenue of $7.3M, expenses of $7.7M, and assets of $31.9M (revenue +2.4% year-over-year).
- 2018: Revenue of $7.1M, expenses of $7.5M, and assets of $33.1M (revenue -3.2% year-over-year).
- 2017: Revenue of $7.3M, expenses of $7.4M, and assets of $36.0M (revenue +1.9% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.4M, and assets of $36.8M (revenue -1.5% year-over-year).
- 2015: Revenue of $7.3M, expenses of $7.6M, and assets of $37.1M (revenue +2.6% year-over-year).
- 2014: Revenue of $7.1M, expenses of $7.2M, and assets of $38.9M (revenue +9.5% year-over-year).
- 2013: Revenue of $6.5M, expenses of $7.0M, and assets of $41.4M (revenue +8.6% year-over-year).
- 2012: Revenue of $6.0M, expenses of $6.9M, and assets of $41.9M (revenue +12.0% year-over-year).
- 2011: Revenue of $5.4M, expenses of $6.7M, and assets of $45.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teresian House Housing Corporation:
Data Sources and Methodology
This transparency report for Teresian House Housing Corporation 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.