Triple C Housing Inc
Triple C Housing Inc: Strong Asset Growth, Consistent Program Spending
EIN: 222350429 · North Brunswick, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $5.9M |
| Program Spending | 80% |
| Net Assets | $7.8M |
| Transparency Score | 75/100 |
Is Triple C Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Triple C Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Triple C Housing Inc
Triple C Housing Inc (EIN: 222350429) is a nonprofit organization based in North Brunswick, NJ. The organization reported total revenue of $8.3M and total assets of $20.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triple C Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Triple C Housing Inc is a mid-size nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $5.9M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $18.8M |
| Total Liabilities | $11.0M |
| Net Assets | $7.8M |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 58.6% |
| Months of Reserves | 38.2 months |
Financial Health Grade: A
In 2023, Triple C Housing Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 38.2 months of operating reserves (strong position), has a debt-to-asset ratio of 58.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Triple C Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.6% | +4.7% | +46.0% |
| 2022 | -2.6% | +6.7% | +5.2% |
| 2021 | +21.5% | +17.7% | +2.2% |
| 2020 | +21.2% | +7.5% | +24.6% |
| 2019 | -6.5% | -4.2% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Triple C Housing Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Triple C Housing Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in the financial filings suggests no reported compensation for key employees, which warrants further investigation.
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 Triple C Housing Inc's IRS 990 filings:
- Lack of specific executive compensation details in the provided data, marked as 'c0%' across all years, requires deeper scrutiny to ensure transparency.
Strengths
The following positive indicators were identified for Triple C Housing Inc:
- Consistent revenue growth from $4.2M in 2019 to $7.3M in 2023, indicating strong financial health.
- Significant asset growth from $9.6M in 2019 to $18.8M in 2023, demonstrating effective asset management and expansion.
- Program expenses consistently represent a large portion of total expenses, indicating a strong focus on mission delivery.
Frequently Asked Questions about Triple C Housing Inc
Is Triple C Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Triple C Housing Inc (EIN: 222350429) some concerns. Mission Score: 75/100. 1 red flag identified, 3 strengths noted.
How does Triple C Housing Inc spend its money?
Triple C Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Triple C Housing Inc tax-deductible?
Triple C Housing Inc is registered as a tax-exempt nonprofit (EIN: 222350429). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Triple C Housing Inc's spending goes to programs?
Triple C Housing Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Triple C Housing Inc located?
Triple C Housing Inc is headquartered in North Brunswick, New Jersey and files with the IRS under EIN 222350429.
How many years of IRS 990 filings does Triple C Housing Inc have?
Triple C 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 $8.3M in total revenue.
What does Triple C Housing Inc do?
Triple C Housing Inc is a nonprofit organization in the Unknown sector, located in North Brunswick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Triple C Housing Inc have?
Triple C Housing Inc reported total revenue of $8,281,986. Based on 13 IRS 990 filings on record.
What are Triple C Housing Inc's total assets?
Triple C Housing Inc holds total assets of $20,133,537 as reported in IRS 990 filings.
Where is Triple C Housing Inc located?
Triple C Housing Inc is based in North Brunswick, New Jersey.
What is Triple C Housing Inc's EIN?
Triple C Housing Inc's Employer Identification Number (EIN) is 222350429. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Triple C Housing Inc?
Triple C Housing Inc is classified under NTEE code Unknown (Unknown).
Is Triple C Housing Inc a registered 501(c)(3)?
Triple C Housing Inc appears in IRS records (EIN: 222350429). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Triple C Housing Inc file IRS Form 990?
Yes, Triple C Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Triple C Housing Inc's revenue in 2023?
In the 202306 filing period, Triple C Housing Inc reported total revenue of $7,349,266, total expenses of $5,911,147, and net assets of $18,838,990.
Is Triple C Housing Inc's revenue growing or declining?
Triple C Housing Inc's revenue is growing. Revenue went from $6,143,309 (202206) to $7,349,266 (202306), a +19.6% change. Based on 13 filings on record.
What is Triple C Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Triple C Housing Inc covers tax period 202306. It shows revenue of $7,349,266, expenses of $5,911,147, total assets of $18,838,990, and liabilities of $11,040,232.
How much does Triple C Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Triple C Housing Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Triple C Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Triple C Housing Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Triple C Housing Inc?
The following concerns were identified: Lack of specific executive compensation details in the provided data, marked as 'c0%' across all years, requires deeper scrutiny to ensure transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Triple C Housing Inc's strengths?
Positive indicators for Triple C Housing Inc include: Consistent revenue growth from $4.2M in 2019 to $7.3M in 2023, indicating strong financial health.. Significant asset growth from $9.6M in 2019 to $18.8M in 2023, demonstrating effective asset management and expansion.. Program expenses consistently represent a large portion of total expenses, indicating a strong focus on mission delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Triple C Housing Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in the financial filings suggests no reported compensation for key employees, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation across all years, how does Triple C Housing Inc compensate its leadership, and what is the total compensation for its highest-paid executives?
The 'c0%' in the provided data for compensation suggests that either executive compensation is not reported in this specific data point, or it is zero. A full 990 form would be needed to identify specific executive compensation figures, as it's highly unusual for a non-profit of this size ($7.3M revenue in 2023) to have no compensated executives.
What specific programs or initiatives contributed to the substantial increase in assets from $9.6M in 2019 to $18.8M in 2023?
The significant asset growth suggests potential investments in property, plant, and equipment, or an increase in cash reserves. Without detailed balance sheet information from the 990 forms, it's difficult to pinpoint the exact nature of these asset acquisitions, but it indicates expansion or strengthening of the organization's resource base.
Filing History
IRS 990 filing history for Triple C Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Triple C Housing Inc's revenue has grown by 165.3%, moving from $2.8M to $7.3M. Total assets increased by 219.5% over the same period, from $5.9M to $18.8M. Total functional expenses rose by 102.9%, from $2.9M to $5.9M. In its most recent filing year (2023), Triple C Housing Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $11.0M in liabilities against $18.8M in assets (debt-to-asset ratio: 58.6%), resulting in net assets of $7.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $5.9M | $18.8M | $11.0M | — | View 990 |
| 2022 | $6.1M | $5.6M | $12.9M | $6.5M | — | View 990 |
| 2021 | $6.3M | $5.3M | $12.3M | $6.4M | — | View 990 |
| 2020 | $5.2M | $4.5M | $12.0M | $7.2M | — | View 990 |
| 2019 | $4.3M | $4.2M | $9.6M | $5.1M | — | View 990 |
| 2018 | $4.6M | $4.4M | $9.7M | $5.2M | — | View 990 |
| 2017 | $4.8M | $4.9M | $9.4M | $5.1M | — | View 990 |
| 2016 | $5.3M | $5.1M | $9.3M | $5.0M | — | View 990 |
| 2015 | $5.9M | $5.1M | $9.2M | $5.1M | — | View 990 |
| 2014 | $3.7M | $3.7M | $8.3M | $5.1M | — | View 990 |
| 2013 | $4.3M | $3.6M | $8.3M | $5.0M | — | View 990 |
| 2012 | $3.8M | $3.3M | $7.1M | $4.5M | — | View 990 |
| 2011 | $2.8M | $2.9M | $5.9M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $5.9M, and assets of $18.8M (revenue +19.6% year-over-year).
- 2022: Revenue of $6.1M, expenses of $5.6M, and assets of $12.9M (revenue -2.6% year-over-year).
- 2021: Revenue of $6.3M, expenses of $5.3M, and assets of $12.3M (revenue +21.5% year-over-year).
- 2020: Revenue of $5.2M, expenses of $4.5M, and assets of $12.0M (revenue +21.2% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.2M, and assets of $9.6M (revenue -6.5% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.4M, and assets of $9.7M (revenue -4.4% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.9M, and assets of $9.4M (revenue -9.9% year-over-year).
- 2016: Revenue of $5.3M, expenses of $5.1M, and assets of $9.3M (revenue -10.6% year-over-year).
- 2015: Revenue of $5.9M, expenses of $5.1M, and assets of $9.2M (revenue +62.8% year-over-year).
- 2014: Revenue of $3.7M, expenses of $3.7M, and assets of $8.3M (revenue -15.7% year-over-year).
- 2013: Revenue of $4.3M, expenses of $3.6M, and assets of $8.3M (revenue +14.2% year-over-year).
- 2012: Revenue of $3.8M, expenses of $3.3M, and assets of $7.1M (revenue +37.0% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.9M, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Triple C Housing Inc:
Data Sources and Methodology
This transparency report for Triple C 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.