Utica Neighborhood Housing Service Inc

Is Utica Neighborhood Housing Service Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Utica Neighborhood Housing Service Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Utica Neighborhood Housing Service Inc

Utica Neighborhood Housing Service Inc (EIN: 161137874) is a nonprofit organization based in Utica, NY, classified under NTEE code L80Z. The organization reported total revenue of $3.5M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Utica Neighborhood Housing Service 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 Utica Neighborhood Housing Service Inc with a Mission Score of 95 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: 90%
• fundraising: 0%

According to IRS 990 filings, Utica Neighborhood Housing Service Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a strong commitment to minimizing administrative overhead and maximizing program spending.

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.

Strengths

The following positive indicators were identified for Utica Neighborhood Housing Service Inc:

• Consistent financial surpluses, with revenue exceeding expenses in most periods (e.g., $3,447,974 revenue vs. $3,383,537 expenses in 202406).
• Zero reported officer compensation across all filings, indicating high efficiency and dedication to mission.
• Strong asset growth over time, from $4,310,570 in 202006 to $5,439,767 in 202406.
• Significant revenue growth, more than doubling from 202006 to 202406.
• Low liabilities relative to assets, suggesting financial stability (e.g., $1,612,221 liabilities vs. $5,439,767 assets in 202406).

Frequently Asked Questions about Utica Neighborhood Housing Service Inc

Filing History

IRS 990 filing history for Utica Neighborhood Housing Service Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Utica Neighborhood Housing Service Inc's revenue has grown by 159.7%, moving from $1.3M to $3.4M. Total assets increased by 41.2% over the same period, from $3.9M to $5.4M. Total functional expenses rose by 198.3%, from $1.1M to $3.4M. In its most recent filing year (2024), Utica Neighborhood Housing Service Inc reported a surplus of $64K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $5.4M in assets (debt-to-asset ratio: 29.6%), resulting in net assets of $3.8M.

Year-by-Year Financial Summary

• 2024: Revenue of $3.4M, expenses of $3.4M, and assets of $5.4M (revenue -16.7% year-over-year).
• 2023: Revenue of $4.1M, expenses of $4.1M, and assets of $5.0M (revenue +20.1% year-over-year).
• 2022: Revenue of $3.4M, expenses of $3.4M, and assets of $4.9M (revenue +37.6% year-over-year).
• 2021: Revenue of $2.5M, expenses of $2.5M, and assets of $4.8M (revenue +51.7% year-over-year).
• 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $4.3M (revenue +2.4% year-over-year).
• 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $4.3M (revenue +3.3% year-over-year).
• 2018: Revenue of $1.6M, expenses of $1.5M, and assets of $4.4M (revenue -12.7% year-over-year).
• 2017: Revenue of $1.8M, expenses of $1.8M, and assets of $4.2M (revenue +9.5% year-over-year).
• 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $4.0M (revenue +2.3% year-over-year).
• 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $4.1M (revenue +3.3% year-over-year).
• 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $4.0M (revenue -14.1% year-over-year).
• 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $4.8M (revenue +35.7% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $3.9M.

Data Sources and Methodology

This transparency report for Utica Neighborhood Housing Service 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.