The Housing Collective Inc
The Housing Collective Inc rapidly expanded its housing services, growing revenue by over 490% in five years while maintaining solvency.
EIN: 205529890 · Bridgeport, CT · NTEE: I21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.7M |
| Total Expenses | $11.7M |
| Program Spending | 85% |
| Net Assets | $373K |
| Transparency Score | 88/100 |
Is The Housing Collective Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Housing Collective Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Housing Collective Inc
The Housing Collective Inc (EIN: 205529890) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code I21. The organization reported total revenue of $12.7M and total assets of $8.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Housing Collective Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Housing Collective Inc is a large nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 22.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $11.7M |
| Surplus / Deficit | $-126,831 |
| Total Assets | $7.1M |
| Total Liabilities | $6.7M |
| Net Assets | $373K |
| Operating Margin | -1.1% |
| Debt-to-Asset Ratio | 94.7% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2023, The Housing Collective Inc reported a deficit of $127K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 94.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), The Housing Collective Inc's revenue has grown at a compound annual growth rate (CAGR) of 22.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.3% | +26.9% | +2.5% |
| 2022 | +52.4% | +53.5% | +69.4% |
| 2021 | +19.3% | +16.0% | +45.1% |
| 2020 | +165.0% | +165.0% | +236.2% |
| 2019 | +35.4% | +32.2% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 The Housing Collective Inc with a Mission Score of 88 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, The Housing Collective 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 deficit of $127K, with expenses exceeding revenue.
- Debt-to-asset ratio: 94.7%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filings, which is unusual for an organization of this size and growth. This suggests either a fully volunteer executive leadership or that executive salaries are categorized under other expense lines, which could reduce transparency regarding leadership costs.
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 The Housing Collective Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, potentially obscuring true leadership costs if compensated under other categories.
Strengths
The following positive indicators were identified for The Housing Collective Inc:
- Exceptional revenue growth, increasing from $1.9M in 2019 to $11.5M in 2023.
- Strong asset growth, from $832K in 2019 to $7M in 2023, indicating increased capacity.
- Assets consistently exceed liabilities, demonstrating financial solvency.
- Expenses closely track revenue, suggesting efficient deployment of resources for program expansion.
- Clear focus on mission, as evidenced by rapid scaling of operations in line with NTEE code I21 (Housing & Shelter).
Frequently Asked Questions about The Housing Collective Inc
Is The Housing Collective Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Housing Collective Inc (EIN: 205529890) some concerns. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
How does The Housing Collective Inc spend its money?
The Housing Collective Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Housing Collective Inc tax-deductible?
The Housing Collective Inc is registered as a tax-exempt nonprofit (EIN: 205529890). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Housing Collective Inc's spending goes to programs?
The Housing Collective Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Housing Collective Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), The Housing Collective Inc is above average for NTEE category I21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Housing Collective Inc located?
The Housing Collective Inc is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 205529890. It is classified under NTEE code I21.
How many years of IRS 990 filings does The Housing Collective Inc have?
The Housing Collective Inc has 14 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 $12.7M in total revenue.
How has The Housing Collective Inc managed such rapid growth in revenue and assets?
The organization's revenue grew from $1,946,416 in 2019 to $11,573,036 in 2023, an increase of over 490%. Assets also surged from $832,715 to $7,052,962 in the same period. This indicates successful fundraising, grant acquisition, or expansion of service contracts, allowing for significant scaling of operations.
What is the implication of 0% officer compensation?
A consistent 0% officer compensation across all filings suggests that either the executive leadership is entirely volunteer-based, or their compensation is reported under other expense categories (e.g., program or administrative salaries). If the latter, it could obscure the true cost of executive leadership and impact transparency.
Is the organization financially stable despite occasional operating deficits?
Yes, despite occasional operating deficits (e.g., $126,831 in 2023), the organization appears financially stable. Its assets ($7,052,962 in 2023) consistently exceed its liabilities ($6,679,882 in 2023), indicating a healthy balance sheet and ability to cover its obligations.
How does The Housing Collective Inc's spending efficiency compare to similar nonprofits?
Without detailed breakdowns of program, administrative, and fundraising expenses, a precise comparison is difficult. However, the close alignment of expenses with revenue, and the rapid growth in services, suggests that resources are being actively deployed to fulfill its mission rather than accumulating excessive reserves, which is generally a positive indicator of efficiency.
What is the trend in the organization's net assets?
The organization's net assets (Assets minus Liabilities) have shown significant growth. For example, net assets increased from $208,811 in 2019 ($832,715 - $623,904) to $373,080 in 2023 ($7,052,962 - $6,679,882), indicating a strengthening financial position over time.
Filing History
IRS 990 filing history for The Housing Collective Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The Housing Collective Inc's revenue has grown by 1312.7%, moving from $819K to $11.6M. Total assets increased by 2378.3% over the same period, from $285K to $7.1M. Total functional expenses rose by 1401.9%, from $779K to $11.7M. In its most recent filing year (2023), The Housing Collective Inc reported a deficit of $127K, with expenses exceeding revenue. The organization holds $6.7M in liabilities against $7.1M in assets (debt-to-asset ratio: 94.7%), resulting in net assets of $373K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $11.7M | $7.1M | $6.7M | — | — |
| 2022 | $9.4M | $9.2M | $6.9M | $6.4M | — | View 990 |
| 2021 | $6.2M | $6.0M | $4.1M | $3.7M | — | View 990 |
| 2020 | $5.2M | $5.2M | $2.8M | $2.6M | — | — |
| 2019 | $1.9M | $2.0M | $833K | $624K | — | View 990 |
| 2018 | $1.4M | $1.5M | $599K | $383K | — | View 990 |
| 2017 | $1.1M | $1.2M | $646K | $390K | — | — |
| 2016 | $1.1M | $1.0M | $578K | $209K | — | View 990 |
| 2015 | $891K | $946K | $532K | $305K | — | View 990 |
| 2014 | $934K | $870K | $373K | $91K | — | View 990 |
| 2013 | $807K | $762K | $329K | $110K | — | View 990 |
| 2012 | $537K | $510K | $347K | $174K | — | View 990 |
| 2011 | $3.6M | $3.6M | $228K | $89K | — | View 990 |
| 2010 | $819K | $779K | $285K | $162K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $11.7M, and assets of $7.1M (revenue +23.3% year-over-year).
- 2022: Revenue of $9.4M, expenses of $9.2M, and assets of $6.9M (revenue +52.4% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.0M, and assets of $4.1M (revenue +19.3% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.2M, and assets of $2.8M (revenue +165.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.0M, and assets of $833K (revenue +35.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $599K (revenue +31.2% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $646K (revenue -4.5% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $578K (revenue +28.7% year-over-year).
- 2015: Revenue of $891K, expenses of $946K, and assets of $532K (revenue -4.6% year-over-year).
- 2014: Revenue of $934K, expenses of $870K, and assets of $373K (revenue +15.7% year-over-year).
- 2013: Revenue of $807K, expenses of $762K, and assets of $329K (revenue +50.2% year-over-year).
- 2012: Revenue of $537K, expenses of $510K, and assets of $347K (revenue -85.0% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.6M, and assets of $228K (revenue +338.6% year-over-year).
- 2010: Revenue of $819K, expenses of $779K, and assets of $285K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Housing Collective Inc:
Data Sources and Methodology
This transparency report for The Housing Collective 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.