Will County Housing Developmentcorporation Nfp
Will County Housing Developmentcorporation Nfp shows significant asset growth and low executive compensation amidst fluctuating revenues.
EIN: 204503754 · Joliet, IL · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $688K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $18.75 |
| Net Assets | $13.9M |
| Transparency Score | 90/100 |
Is Will County Housing Developmentcorporation Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Will County Housing Developmentcorporation Nfp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Will County Housing Developmentcorporation Nfp
Will County Housing Developmentcorporation Nfp (EIN: 204503754) is a nonprofit organization based in Joliet, IL, classified under NTEE code L20. The organization reported total revenue of $2.9M and total assets of $18.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Will County Housing Developmentcorporation Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Will County Housing Developmentcorporation Nfp is a mid-size nonprofit that has been operating for 18 years, with 15 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 45.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $688K |
| Surplus / Deficit | +$472K |
| Total Assets | $16.4M |
| Total Liabilities | $2.6M |
| Net Assets | $13.9M |
| Operating Margin | 40.7% |
| Debt-to-Asset Ratio | 15.7% |
| Months of Reserves | 286.8 months |
Financial Health Grade: A
In 2023, Will County Housing Developmentcorporation Nfp reported a surplus of $472K with revenue exceeding expenses, holds 286.8 months of operating reserves (strong position), has a debt-to-asset ratio of 15.7% (very low leverage).
Financial Trends
Over 15 years of filings (2010–2023), Will County Housing Developmentcorporation Nfp's revenue has grown at a compound annual growth rate (CAGR) of 45.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.3% | +88.0% | +2.2% |
| 2022 | +1057.2% | -53.9% | +118.3% |
| 2022 | -61.8% | +17.0% | -10.5% |
| 2021 | +52.5% | -29.8% | -8.1% |
| 2020 | +22.7% | +36.1% | +17.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Will County Housing Developmentcorporation Nfp with a Mission Score of 90 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, Will County Housing Developmentcorporation Nfp 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $472K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with current assets of $18.75 million.
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 Will County Housing Developmentcorporation Nfp's IRS 990 filings:
- Highly fluctuating revenue streams, making future financial projections less predictable.
Strengths
The following positive indicators were identified for Will County Housing Developmentcorporation Nfp:
- Consistent 0% officer compensation, indicating strong commitment to mission and transparency.
- Significant asset growth over the past decade, from $6.4 million in 2016 to $18.75 million currently.
- Generally low expenses relative to revenue in recent periods, such as $688,074 in expenses against $1,159,800 in revenue in 2023, suggesting efficient operations.
- Clear alignment between NTEE code (L20 - Housing Development) and organizational name/mission.
Frequently Asked Questions about Will County Housing Developmentcorporation Nfp
Is Will County Housing Developmentcorporation Nfp a legitimate charity?
Will County Housing Developmentcorporation Nfp (EIN: 204503754) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 15 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Will County Housing Developmentcorporation Nfp spend its money?
Will County Housing Developmentcorporation Nfp directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Will County Housing Developmentcorporation Nfp tax-deductible?
Will County Housing Developmentcorporation Nfp is registered as a tax-exempt nonprofit (EIN: 204503754). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Will County Housing Developmentcorporation Nfp CEO make?
Will County Housing Developmentcorporation Nfp's highest-compensated officer earns $18.75 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Will County Housing Developmentcorporation Nfp compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Will County Housing Developmentcorporation Nfp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Will County Housing Developmentcorporation Nfp located?
Will County Housing Developmentcorporation Nfp is headquartered in Joliet, Illinois and files with the IRS under EIN 204503754. It is classified under NTEE code L20.
How many years of IRS 990 filings does Will County Housing Developmentcorporation Nfp have?
Will County Housing Developmentcorporation Nfp has 15 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 $2.9M in total revenue.
Is Will County Housing Developmentcorporation Nfp a good charity?
Based on the available data, Will County Housing Developmentcorporation Nfp appears to be a good charity. It demonstrates strong financial health with significant asset growth, very low expenses relative to revenue in recent years, and a commendable 0% executive compensation, suggesting a high dedication to its mission.
How has the organization's financial stability changed over time?
The organization's financial stability has improved significantly, with assets growing from $6.4 million in 2016 to $18.75 million currently. While revenue has been volatile, the consistent growth in assets and generally low expense ratios indicate increasing financial strength.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a policy of not paying its officers, which is a strong positive for transparency and resource allocation to programs.
Filing History
IRS 990 filing history for Will County Housing Developmentcorporation Nfp showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2023), Will County Housing Developmentcorporation Nfp's revenue has grown by 13141.2%, moving from $9K to $1.2M. Total assets increased by 420.6% over the same period, from $3.2M to $16.4M. Total functional expenses rose by 394.6%, from $139K to $688K. In its most recent filing year (2023), Will County Housing Developmentcorporation Nfp reported a surplus of $472K, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $16.4M in assets (debt-to-asset ratio: 15.7%), resulting in net assets of $13.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $688K | $16.4M | $2.6M | — | — |
| 2022 | $7.9M | $366K | $16.1M | $2.7M | — | View 990 |
| 2022 | $684K | $793K | $7.4M | $1.5M | — | View 990 |
| 2021 | $1.8M | $678K | $8.2M | $2.0M | — | View 990 |
| 2020 | $1.2M | $966K | $9.0M | $5.5M | — | View 990 |
| 2019 | $956K | $710K | $7.6M | $4.4M | — | View 990 |
| 2018 | $322K | $319K | $7.3M | $4.3M | — | View 990 |
| 2017 | $47K | $38K | $7.2M | $4.2M | — | — |
| 2016 | $28K | $60K | $6.4M | $3.4M | — | View 990 |
| 2015 | $393K | $130K | $6.5M | $3.5M | — | View 990 |
| 2014 | $12K | $60K | $6.1M | $3.3M | — | View 990 |
| 2013 | $32K | $182K | $6.1M | $3.3M | — | View 990 |
| 2012 | $335K | $387K | $6.3M | $3.4M | — | View 990 |
| 2011 | $775K | $262K | $3.7M | $1.3M | — | View 990 |
| 2010 | $9K | $139K | $3.2M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $688K, and assets of $16.4M (revenue -85.3% year-over-year).
- 2022: Revenue of $7.9M, expenses of $366K, and assets of $16.1M (revenue +1057.2% year-over-year).
- 2022: Revenue of $684K, expenses of $793K, and assets of $7.4M (revenue -61.8% year-over-year).
- 2021: Revenue of $1.8M, expenses of $678K, and assets of $8.2M (revenue +52.5% year-over-year).
- 2020: Revenue of $1.2M, expenses of $966K, and assets of $9.0M (revenue +22.7% year-over-year).
- 2019: Revenue of $956K, expenses of $710K, and assets of $7.6M (revenue +196.7% year-over-year).
- 2018: Revenue of $322K, expenses of $319K, and assets of $7.3M (revenue +580.4% year-over-year).
- 2017: Revenue of $47K, expenses of $38K, and assets of $7.2M (revenue +67.2% year-over-year).
- 2016: Revenue of $28K, expenses of $60K, and assets of $6.4M (revenue -92.8% year-over-year).
- 2015: Revenue of $393K, expenses of $130K, and assets of $6.5M (revenue +3198.8% year-over-year).
- 2014: Revenue of $12K, expenses of $60K, and assets of $6.1M (revenue -62.9% year-over-year).
- 2013: Revenue of $32K, expenses of $182K, and assets of $6.1M (revenue -90.4% year-over-year).
- 2012: Revenue of $335K, expenses of $387K, and assets of $6.3M (revenue -56.8% year-over-year).
- 2011: Revenue of $775K, expenses of $262K, and assets of $3.7M (revenue +8752.2% year-over-year).
- 2010: Revenue of $9K, expenses of $139K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Will County Housing Developmentcorporation Nfp:
Data Sources and Methodology
This transparency report for Will County Housing Developmentcorporation Nfp 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.