LHousing & ShelterEIN: 222487344· Ruling Year: 1996

Housing Opportunities Corporation

Providence, Rhode Island

BHealth Score
57B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

💰
$3.2M
Total Revenue
📊
$3.4M
Total Expenses
🏦
$1.2M
Net Assets
📋
$499K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+8.2%
Year-over-year change (2022 → 2023)
Net Margin
-5.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.36
Net assets divided by total expenses
Liabilities-to-Assets
29.0%
Total liabilities as % of total assets

Filing History

11 filings on record
YearRevenueExpensesAssets
2023$3,221,0228%$3,408,2564%$1,721,0085%
2022$2,976,6749%$3,288,6355%$1,631,77014%
2021$3,288,05121%$3,139,36819%$1,904,73212%
2019$2,706,4444%$2,643,3079%$1,701,3075%
2018$2,592,5734%$2,417,8944%$1,618,07313%
2017$2,498,1274%$2,315,1853%$1,435,56314%
2016$2,411,3453%$2,394,5845%$1,264,3831%
2015$2,331,1116%$2,277,2557%$1,256,2036%
2014$2,199,6804%$2,124,28710%$1,186,38911%
2013$2,106,7425%$1,935,5065%$1,071,22219%
2012$2,008,386$1,841,178$899,986

Frequently Asked Questions

What does Housing Opportunities Corporation do?

Housing Opportunities Corporation is a housing & shelter nonprofit organization based in Rhode Island. It is classified under NTEE code L020 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Housing Opportunities Corporation financially healthy?

Based on our 9-metric Financial Health Score model, Housing Opportunities Corporation has a score of 57/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Housing Opportunities Corporation generate?

Housing Opportunities Corporation reports $3.7M in annual revenue and holds $1.7M in total assets, based on IRS filings.

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