Torrington Affordable Housing Inc
Torrington Affordable Housing: Consistent Operations, Minimal Program Spending
EIN: 222876239 · Torrington, CT · NTEE: L20Z · Updated: 2026-04-04
Is Torrington Affordable Housing Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Torrington Affordable Housing Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Torrington Affordable Housing Inc
Torrington Affordable Housing Inc (EIN: 222876239) is a nonprofit organization based in Torrington, CT, classified under NTEE code L20Z. The organization reported total revenue of $57K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Torrington Affordable Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Torrington Affordable Housing Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 80%
- programs: 10%
- fundraising: 10%
According to IRS 990 filings, Torrington Affordable Housing Inc allocates its expenses as follows: admin: 80%, programs: 10%, fundraising: 10%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization, which is positive for donor confidence.
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 Torrington Affordable Housing Inc's IRS 990 filings:
- Program service expenses are consistently very low (e.g., $1,955 in 2023), raising questions about the direct impact of the 'affordable housing' mission.
- A significant portion of expenses is categorized as 'other expenses' without detailed breakdown, making it difficult to assess operational efficiency.
- Despite 'affordable housing' in its name, there's no clear indication of housing units managed or residents served in the provided financial data.
Strengths
The following positive indicators were identified for Torrington Affordable Housing Inc:
- Consistent asset base (around $1.5 million) over many years demonstrates financial stability.
- Zero reported executive compensation indicates a commitment to minimizing administrative costs at the leadership level.
- The organization has maintained its tax-exempt status and operations for an extended period, suggesting resilience.
Frequently Asked Questions about Torrington Affordable Housing Inc
Is Torrington Affordable Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Torrington Affordable Housing Inc (EIN: 222876239) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Torrington Affordable Housing Inc spend its money?
Torrington Affordable Housing Inc directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Torrington Affordable Housing Inc tax-deductible?
Torrington Affordable Housing Inc is registered as a tax-exempt nonprofit (EIN: 222876239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Torrington Affordable Housing Inc do?
Torrington Affordable Housing Inc is a nonprofit organization in the Housing & Shelter sector, located in Torrington, Connecticut. It is classified under NTEE code L20Z.
How much revenue does Torrington Affordable Housing Inc have?
Torrington Affordable Housing Inc reported total revenue of $57,055. Based on 13 IRS 990 filings on record.
What are Torrington Affordable Housing Inc's total assets?
Torrington Affordable Housing Inc holds total assets of $1,572,975 as reported in IRS 990 filings.
Where is Torrington Affordable Housing Inc located?
Torrington Affordable Housing Inc is based in Torrington, Connecticut.
What is Torrington Affordable Housing Inc's EIN?
Torrington Affordable Housing Inc's Employer Identification Number (EIN) is 222876239. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Torrington Affordable Housing Inc?
Torrington Affordable Housing Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Torrington Affordable Housing Inc a registered 501(c)(3)?
Yes, Torrington Affordable Housing Inc is recognized as a tax-exempt organization by the IRS. EIN: 222876239.
Does Torrington Affordable Housing Inc file IRS Form 990?
Yes, Torrington Affordable Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Torrington Affordable Housing Inc's revenue in 2023?
In the 202312 filing period, Torrington Affordable Housing Inc reported total revenue of $54,129, total expenses of $49,753, and net assets of $1,565,636.
Is Torrington Affordable Housing Inc's revenue growing or declining?
Torrington Affordable Housing Inc's revenue is growing. Revenue went from $38,596 (202212) to $54,129 (202312), a +40.2% change. Based on 13 filings on record.
What is Torrington Affordable Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Torrington Affordable Housing Inc covers tax period 202312. It shows revenue of $54,129, expenses of $49,753, total assets of $1,565,636, and liabilities of $1,955.
How much does Torrington Affordable Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Torrington Affordable Housing Inc allocates approximately 10% of expenses to program services, 80% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Torrington Affordable Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Torrington Affordable Housing Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Torrington Affordable Housing Inc?
The following concerns were identified: Program service expenses are consistently very low (e.g., $1,955 in 2023), raising questions about the direct impact of the 'affordable housing' mission.. A significant portion of expenses is categorized as 'other expenses' without detailed breakdown, making it difficult to assess operational efficiency.. Despite 'affordable housing' in its name, there's no clear indication of housing units managed or residents served in the provided financial data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Torrington Affordable Housing Inc's strengths?
Positive indicators for Torrington Affordable Housing Inc include: Consistent asset base (around $1.5 million) over many years demonstrates financial stability.. Zero reported executive compensation indicates a commitment to minimizing administrative costs at the leadership level.. The organization has maintained its tax-exempt status and operations for an extended period, suggesting resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Torrington Affordable Housing Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization, which is positive for donor confidence. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'affordable housing' mission, why are program service expenses consistently so low (e.g., $1,955 in 2023) compared to total expenses (e.g., $49,753 in 2023)?
The low program service expenses suggest that the organization may not be directly providing housing or significant housing-related services, but rather engaging in advocacy, land banking, or other indirect activities not clearly detailed in the financial summaries.
What constitutes the 'other expenses' category, which is a substantial portion of total expenses (e.g., $49,753 total expenses minus $1,955 program expenses in 2023)?
Without further breakdown, it's challenging to determine what these 'other expenses' cover. They could include legal fees, property maintenance for undeveloped land, administrative support, or other operational costs not directly tied to program delivery.
Filing History
IRS 990 filing history for Torrington Affordable Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Torrington Affordable Housing Inc's revenue has grown by 45.9%, moving from $37K to $54K. Total assets increased by 1.6% over the same period, from $1.5M to $1.6M. Total functional expenses rose by 55%, from $32K to $50K. In its most recent filing year (2023), Torrington Affordable Housing Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $2K in liabilities against $1.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $50K | $1.6M | $2K | — | — |
| 2022 | $39K | $47K | $1.6M | $2K | — | — |
| 2021 | $49K | $43K | $1.6M | $2K | — | — |
| 2020 | $43K | $40K | $1.6M | $2K | — | — |
| 2019 | $35K | $37K | $1.6M | $1K | — | View 990 |
| 2018 | $35K | $39K | $1.6M | $1K | — | View 990 |
| 2017 | $44K | $32K | $1.6M | $1K | — | View 990 |
| 2016 | $36K | $38K | $1.6M | $1K | — | View 990 |
| 2015 | $39K | $36K | $1.6M | $21 | — | View 990 |
| 2014 | $36K | $34K | $1.6M | $1K | — | View 990 |
| 2013 | $41K | $36K | $1.5M | $988 | — | View 990 |
| 2012 | $43K | $39K | $1.5M | $1K | — | View 990 |
| 2011 | $37K | $32K | $1.5M | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $50K, and assets of $1.6M (revenue +40.2% year-over-year).
- 2022: Revenue of $39K, expenses of $47K, and assets of $1.6M (revenue -21.2% year-over-year).
- 2021: Revenue of $49K, expenses of $43K, and assets of $1.6M (revenue +13.5% year-over-year).
- 2020: Revenue of $43K, expenses of $40K, and assets of $1.6M (revenue +23.3% year-over-year).
- 2019: Revenue of $35K, expenses of $37K, and assets of $1.6M (revenue +0.5% year-over-year).
- 2018: Revenue of $35K, expenses of $39K, and assets of $1.6M (revenue -21.4% year-over-year).
- 2017: Revenue of $44K, expenses of $32K, and assets of $1.6M (revenue +23.0% year-over-year).
- 2016: Revenue of $36K, expenses of $38K, and assets of $1.6M (revenue -7.3% year-over-year).
- 2015: Revenue of $39K, expenses of $36K, and assets of $1.6M (revenue +6.5% year-over-year).
- 2014: Revenue of $36K, expenses of $34K, and assets of $1.6M (revenue -10.5% year-over-year).
- 2013: Revenue of $41K, expenses of $36K, and assets of $1.5M (revenue -5.6% year-over-year).
- 2012: Revenue of $43K, expenses of $39K, and assets of $1.5M (revenue +16.3% year-over-year).
- 2011: Revenue of $37K, expenses of $32K, and assets of $1.5M.
Data Sources and Methodology
This transparency report for Torrington 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.