Troy Mills Area Housing Development Corporation Inc
EIN: 421496510 · Troy Mills, IA · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $54K |
| Total Expenses | $31K |
| Net Assets | $284K |
Is Troy Mills Area Housing Development Corporation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Troy Mills Area Housing Development Corporation Inc
Troy Mills Area Housing Development Corporation Inc (EIN: 421496510) is a nonprofit organization based in Troy Mills, IA, classified under NTEE code L21. The organization reported total revenue of $54K and total assets of $313K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Troy Mills Area Housing Development Corporation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Troy Mills Area Housing Development Corporation Inc is a micro nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $42K |
| Total Expenses | $31K |
| Surplus / Deficit | +$11K |
| Total Assets | $284K |
| Net Assets | $284K |
| Operating Margin | 26.9% |
| Months of Reserves | 111.6 months |
Financial Health Grade: A
In 2023, Troy Mills Area Housing Development Corporation Inc reported a surplus of $11K with revenue exceeding expenses, holds 111.6 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Troy Mills Area Housing Development Corporation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.6% | -24.0% | +2.7% |
| 2022 | -0.7% | +4.6% | -3.5% |
| 2021 | +9.0% | +27.2% | -3.4% |
| 2020 | -7.6% | -24.0% | -3.6% |
| 2019 | +2.7% | +6.3% | -4.3% |
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 Analysis Pending
AI enrichment for Troy Mills Area Housing Development Corporation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Troy Mills Area Housing Development Corporation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Frequently Asked Questions about Troy Mills Area Housing Development Corporation Inc
Is Troy Mills Area Housing Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Troy Mills Area Housing Development Corporation Inc (EIN: 421496510) insufficient data. 0 red flags identified, 0 strengths noted.
How does Troy Mills Area Housing Development Corporation Inc spend its money?
Detailed spending breakdown data is not yet available for Troy Mills Area Housing Development Corporation Inc. Check back for updated IRS 990 analysis.
Are donations to Troy Mills Area Housing Development Corporation Inc tax-deductible?
Troy Mills Area Housing Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 421496510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Troy Mills Area Housing Development Corporation Inc located?
Troy Mills Area Housing Development Corporation Inc is headquartered in Troy Mills, Iowa and files with the IRS under EIN 421496510. It is classified under NTEE code L21.
How many years of IRS 990 filings does Troy Mills Area Housing Development Corporation Inc have?
Troy Mills Area Housing Development Corporation Inc has 12 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 $54K in total revenue.
Filing History
IRS 990 filing history for Troy Mills Area Housing Development Corporation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Troy Mills Area Housing Development Corporation Inc's revenue has grown by 1.6%, moving from $41K to $42K. Total assets decreased by 27.9% over the same period, from $394K to $284K. Total functional expenses fell by 37%, from $49K to $31K. In its most recent filing year (2023), Troy Mills Area Housing Development Corporation Inc reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $42K | $31K | $284K | $0 | — | View 990 |
| 2022 | $38K | $40K | $277K | $4K | — | View 990 |
| 2021 | $38K | $38K | $287K | $12K | — | — |
| 2020 | $35K | $30K | $297K | $22K | — | View 990 |
| 2019 | $38K | $40K | $308K | $27K | — | View 990 |
| 2018 | $37K | $37K | $322K | $77K | — | View 990 |
| 2017 | $34K | $23K | $332K | $88K | — | View 990 |
| 2016 | $42K | $33K | $348K | $95K | — | View 990 |
| 2015 | $39K | $39K | $352K | $106K | — | View 990 |
| 2014 | $277K | $44K | $364K | $121K | — | — |
| 2012 | $48K | $48K | $384K | $376K | — | View 990 |
| 2011 | $41K | $49K | $394K | $387K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42K, expenses of $31K, and assets of $284K (revenue +9.6% year-over-year).
- 2022: Revenue of $38K, expenses of $40K, and assets of $277K (revenue -0.7% year-over-year).
- 2021: Revenue of $38K, expenses of $38K, and assets of $287K (revenue +9.0% year-over-year).
- 2020: Revenue of $35K, expenses of $30K, and assets of $297K (revenue -7.6% year-over-year).
- 2019: Revenue of $38K, expenses of $40K, and assets of $308K (revenue +2.7% year-over-year).
- 2018: Revenue of $37K, expenses of $37K, and assets of $322K (revenue +8.1% year-over-year).
- 2017: Revenue of $34K, expenses of $23K, and assets of $332K (revenue -17.3% year-over-year).
- 2016: Revenue of $42K, expenses of $33K, and assets of $348K (revenue +5.9% year-over-year).
- 2015: Revenue of $39K, expenses of $39K, and assets of $352K (revenue -85.8% year-over-year).
- 2014: Revenue of $277K, expenses of $44K, and assets of $364K (revenue +471.6% year-over-year).
- 2012: Revenue of $48K, expenses of $48K, and assets of $384K (revenue +17.6% year-over-year).
- 2011: Revenue of $41K, expenses of $49K, and assets of $394K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Troy Mills Area Housing Development Corporation Inc:
Data Sources and Methodology
This transparency report for Troy Mills Area Housing Development Corporation 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.