Consistently high program spending, with 89% of expenses dedicated to programs in 2024.
Healthy asset base of $10,578,721 in 2024, significantly exceeding liabilities.
Stable revenue streams over the past several years, demonstrating financial resilience.
Spending Breakdown
How Housing Operations Management Enterprises Inc allocates its funds across programs, administration, and fundraising.
89%
Program Spending
Healthy — majority goes to mission
6%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Housing Operations Management Enterprises Inc
Is Housing Operations Management Enterprises Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Housing Operations Management Enterprises Inc (EIN: 222873559) appears trustworthy. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
Is Housing Operations Management Enterprises Inc a good charity to donate to?
Housing Operations Management Enterprises Inc has a Mission Score of 75/100. Revenue: $1.5M. Assets: $9.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Housing Operations Management Enterprises Inc?
The Employer Identification Number (EIN) for Housing Operations Management Enterprises Inc is 222873559. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Housing Operations Management Enterprises Inc spend its money?
Housing Operations Management Enterprises Inc allocates 89% to programs, 6% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Housing Operations Management Enterprises Inc's tax-exempt status?
You can verify Housing Operations Management Enterprises Inc's tax-exempt status using EIN 222873559 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Housing Operations Management Enterprises Inc is a housing & shelter nonprofit based in New Haven, Connecticut, with reported revenue of $1.5M and assets of $9.8M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 89% of spending goes to programs, 6% to administration, and 5% to fundraising. Executive compensation cannot be assessed from the provided data, as no specific figures for individual salaries are included in the financial filings. Revenue has grown +60% across 14 filing periods.