Thc Affordable Housing Inc
Thc Affordable Housing Inc consistently grows assets with zero reported officer compensation, despite fluctuating revenues.
EIN: 203149168 · Washington, DC · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $188K |
| Program Spending | 85% |
| Net Assets | $5.6M |
| Transparency Score | 90/100 |
Is Thc Affordable Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thc Affordable Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thc Affordable Housing Inc
Thc Affordable Housing Inc (EIN: 203149168) is a nonprofit organization based in Washington, DC, classified under NTEE code L20. The organization reported total revenue of $1.6M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thc Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thc Affordable Housing Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $764K |
| Total Expenses | $188K |
| Surplus / Deficit | +$576K |
| Total Assets | $6.2M |
| Total Liabilities | $616K |
| Net Assets | $5.6M |
| Operating Margin | 75.4% |
| Debt-to-Asset Ratio | 10.0% |
| Months of Reserves | 395.0 months |
Financial Health Grade: A
In 2023, Thc Affordable Housing Inc reported a surplus of $576K with revenue exceeding expenses, holds 395.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Thc Affordable Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +101.7% | -20.1% | +6.2% |
| 2022 | -42.3% | -9.0% | +2.8% |
| 2021 | +317.5% | +34.1% | +13.1% |
| 2020 | -28.0% | -23.4% | +3.7% |
| 2019 | -70.5% | -1.8% | +0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Thc Affordable Housing Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Thc Affordable Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $576K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer leadership or compensation structure that does not fall under officer compensation, which is highly favorable for donor trust and resource allocation.
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 Thc Affordable Housing Inc's IRS 990 filings:
- Significant year-over-year revenue fluctuations, potentially indicating reliance on less predictable funding sources.
Strengths
The following positive indicators were identified for Thc Affordable Housing Inc:
- Consistent asset growth, increasing from $3.2 million in 2014 to $6.1 million in 2023.
- Zero reported officer compensation across all filings, demonstrating strong commitment to mission and efficient use of funds.
- Expenses consistently lower than revenue in most years, indicating sound financial management.
- Low liabilities relative to assets, suggesting financial stability.
Frequently Asked Questions about Thc Affordable Housing Inc
Is Thc Affordable Housing Inc a legitimate charity?
Thc Affordable Housing Inc (EIN: 203149168) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.6M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Thc Affordable Housing Inc spend its money?
Thc Affordable Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Thc Affordable Housing Inc tax-deductible?
Thc Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 203149168). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Thc Affordable Housing Inc's spending goes to programs?
Thc Affordable Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Thc Affordable Housing Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Thc Affordable Housing Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Thc Affordable Housing Inc located?
Thc Affordable Housing Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 203149168. It is classified under NTEE code L20.
How many years of IRS 990 filings does Thc Affordable Housing Inc have?
Thc Affordable Housing Inc 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 $1.6M in total revenue.
How does Thc Affordable Housing Inc manage to operate with 0% officer compensation?
The filings consistently report 0% officer compensation, suggesting that leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the IRS Form 990. This is a strong indicator of dedication to the mission.
What caused the significant revenue fluctuations, such as the drop from $740,295 in 2018 to $157,349 in 2020?
The IRS 990 data alone does not specify the exact causes of revenue fluctuations. These could be due to the timing of grants, specific project funding cycles, or changes in fundraising strategies. Despite the fluctuations, the organization has maintained asset growth.
What is the primary source of Thc Affordable Housing Inc's revenue?
While the filings show total revenue, they do not break down the specific sources (e.g., grants, donations, program service revenue) in this summary. Further investigation into the full 990 forms would be needed to identify primary revenue streams.
Filing History
IRS 990 filing history for Thc Affordable Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Thc Affordable Housing Inc's revenue has grown by 13%, moving from $676K to $764K. Total assets increased by 143.2% over the same period, from $2.5M to $6.2M. Total functional expenses fell by 22.9%, from $244K to $188K. In its most recent filing year (2023), Thc Affordable Housing Inc reported a surplus of $576K, with revenue exceeding expenses. The organization holds $616K in liabilities against $6.2M in assets (debt-to-asset ratio: 10.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $764K | $188K | $6.2M | $616K | — | — |
| 2022 | $379K | $235K | $5.8M | $935K | — | View 990 |
| 2021 | $657K | $258K | $5.7M | $699K | — | View 990 |
| 2020 | $157K | $193K | $5.0M | $447K | — | View 990 |
| 2019 | $218K | $251K | $4.8M | $363K | — | View 990 |
| 2018 | $740K | $256K | $4.8M | $505K | — | View 990 |
| 2017 | $309K | $263K | $4.5M | $693K | — | View 990 |
| 2016 | $431K | $127K | $4.1M | $380K | — | View 990 |
| 2015 | $679K | $412K | $3.9M | $474K | — | View 990 |
| 2014 | $1.2M | $350K | $3.2M | $45K | — | View 990 |
| 2013 | $111K | $178K | $5.0M | $2.7M | — | View 990 |
| 2012 | $126K | $178K | $2.4M | $0 | — | View 990 |
| 2011 | $676K | $244K | $2.5M | $116K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $764K, expenses of $188K, and assets of $6.2M (revenue +101.7% year-over-year).
- 2022: Revenue of $379K, expenses of $235K, and assets of $5.8M (revenue -42.3% year-over-year).
- 2021: Revenue of $657K, expenses of $258K, and assets of $5.7M (revenue +317.5% year-over-year).
- 2020: Revenue of $157K, expenses of $193K, and assets of $5.0M (revenue -28.0% year-over-year).
- 2019: Revenue of $218K, expenses of $251K, and assets of $4.8M (revenue -70.5% year-over-year).
- 2018: Revenue of $740K, expenses of $256K, and assets of $4.8M (revenue +139.9% year-over-year).
- 2017: Revenue of $309K, expenses of $263K, and assets of $4.5M (revenue -28.4% year-over-year).
- 2016: Revenue of $431K, expenses of $127K, and assets of $4.1M (revenue -36.6% year-over-year).
- 2015: Revenue of $679K, expenses of $412K, and assets of $3.9M (revenue -44.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $350K, and assets of $3.2M (revenue +1006.9% year-over-year).
- 2013: Revenue of $111K, expenses of $178K, and assets of $5.0M (revenue -12.1% year-over-year).
- 2012: Revenue of $126K, expenses of $178K, and assets of $2.4M (revenue -81.4% year-over-year).
- 2011: Revenue of $676K, expenses of $244K, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thc Affordable Housing Inc:
Data Sources and Methodology
This transparency report for Thc 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.