AREAA Boston Chapter
Nonprofit profile at a glance
- EIN
- 461669978
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2016
- Location
- East Weymouth, MA, USA
- Phone
- 6176052206
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Services N.E.C.
Reported finances
- Revenue
- $171,711
- Expenses
- $167,197
- Assets
- $100,120
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Conan Soohoo (President)
- Richie Wong (Vice President)
People named in this filing
- Conan Soohoo (President)
- Richie Wong (Vice President)
- Israel Rolon (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote sustainable homeownership oppor
What it reported doing in 2025
The orgainization purpose is to educate and help the growth of home ownership for minorities in the United States of America.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 4
- Transparency & Controls: 100
- Sustainability: 47
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.6%; rating input score 7
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.6%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.6; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 22.6% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 16% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 6.6% of revenue deployed
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 7/100.
- Moderate — Sustainability: Operating margin scored 39/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.