1 House2 Hands Inc
1 House2 Hands Inc. consistently operates with liabilities exceeding assets, despite growing revenue and no reported officer compensation.
EIN: 201699663 · Saint Paul, MN · NTEE: B02 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-806,783 |
| Transparency Score | 85/100 |
Is 1 House2 Hands Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
1 House2 Hands Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About 1 House2 Hands Inc
1 House2 Hands Inc (EIN: 201699663) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code B02. The organization reported total revenue of $2.1M and total assets of $14.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 1 House2 Hands Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
1 House2 Hands Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$4K |
| Total Assets | $14.0M |
| Total Liabilities | $14.8M |
| Net Assets | $-806,783 |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 105.8% |
| Months of Reserves | 105.1 months |
Financial Health Grade: A
In 2023, 1 House2 Hands Inc reported a surplus of $4K with revenue exceeding expenses, holds 105.1 months of operating reserves (strong position), has a debt-to-asset ratio of 105.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), 1 House2 Hands Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | +4.8% | -5.2% |
| 2022 | +23.6% | +12.3% | +3.8% |
| 2021 | -12.7% | +0.1% | -3.3% |
| 2020 | -0.7% | -53.2% | -2.2% |
| 2019 | +112.5% | +422.6% | +32.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 1 House2 Hands Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, 1 House2 Hands Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 105.8%.
Executive Compensation Analysis
1 House2 Hands Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for an organization of its size with over $2 million in latest revenue.
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 1 House2 Hands Inc's IRS 990 filings:
- Consistent negative net asset position (liabilities exceeding assets), e.g., $14,766,425 liabilities vs. $13,959,642 assets in 202306.
- Significant expense spike in 201906 ($2,895,470 expenses vs. $1,330,665 revenue) without clear explanation in provided data.
Strengths
The following positive indicators were identified for 1 House2 Hands Inc:
- No reported officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Consistent revenue generation, with latest revenue at $2,118,968.
- Substantial and growing asset base, reaching $14,876,151 in the latest period.
- Expenses generally align closely with revenue in recent periods, suggesting operational stability (e.g., 202306: $1,594,329 expenses vs. $1,597,932 revenue).
Frequently Asked Questions about 1 House2 Hands Inc
Is 1 House2 Hands Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, 1 House2 Hands Inc (EIN: 201699663) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does 1 House2 Hands Inc spend its money?
1 House2 Hands Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to 1 House2 Hands Inc tax-deductible?
1 House2 Hands Inc is registered as a tax-exempt nonprofit (EIN: 201699663). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the 1 House2 Hands Inc CEO make?
1 House2 Hands Inc's highest-compensated officer earns $2 annually. The organization reported $2.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of 1 House2 Hands Inc's spending goes to programs?
1 House2 Hands Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does 1 House2 Hands Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), 1 House2 Hands Inc is above average for NTEE category B02 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is 1 House2 Hands Inc located?
1 House2 Hands Inc is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 201699663. It is classified under NTEE code B02.
How many years of IRS 990 filings does 1 House2 Hands Inc have?
1 House2 Hands Inc has 13 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 $2.1M in total revenue.
Why do liabilities consistently exceed assets for 1 House2 Hands Inc.?
The filings show a consistent trend where liabilities are greater than assets, for example, in 202306, liabilities were $14,766,425 against assets of $13,959,642. This suggests a potential reliance on debt or specific types of restricted funds that are recorded as liabilities, which warrants further investigation into the nature of these obligations.
How does 1 House2 Hands Inc. manage to operate without paying officer compensation?
The IRS 990 filings consistently report 0% officer compensation, indicating that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is a significant strength in terms of resource allocation to its mission.
What caused the significant expense increase in 201906, where expenses were $2,895,470 against revenue of $1,330,665?
In 201906, expenses were more than double the revenue, indicating a period of significant investment or an unusual expenditure. This could be due to a major project, asset acquisition, or a one-time event that drew heavily on reserves or debt.
Filing History
IRS 990 filing history for 1 House2 Hands Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), 1 House2 Hands Inc's revenue has grown by 213.3%, moving from $510K to $1.6M. Total assets increased by 236.9% over the same period, from $4.1M to $14.0M. Total functional expenses rose by 308%, from $391K to $1.6M. In its most recent filing year (2023), 1 House2 Hands Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $14.8M in liabilities against $14.0M in assets (debt-to-asset ratio: 105.8%), resulting in net assets of $-806,783.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $14.0M | $14.8M | — | — |
| 2022 | $1.4M | $1.5M | $14.7M | $15.5M | — | View 990 |
| 2021 | $1.2M | $1.4M | $14.2M | $14.9M | — | — |
| 2020 | $1.3M | $1.4M | $14.7M | $15.2M | — | View 990 |
| 2019 | $1.3M | $2.9M | $15.0M | $15.5M | — | View 990 |
| 2018 | $626K | $554K | $11.3M | $10.2M | — | View 990 |
| 2017 | $525K | $341K | $4.0M | $3.0M | — | View 990 |
| 2016 | $525K | $346K | $4.1M | $3.2M | — | View 990 |
| 2015 | $525K | $343K | $4.1M | $3.4M | — | View 990 |
| 2014 | $525K | $363K | $4.1M | $3.6M | — | View 990 |
| 2013 | $526K | $387K | $4.2M | $3.9M | — | View 990 |
| 2012 | $525K | $385K | $4.2M | $4.0M | — | View 990 |
| 2011 | $510K | $391K | $4.1M | $4.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $14.0M (revenue +12.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $14.7M (revenue +23.6% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.4M, and assets of $14.2M (revenue -12.7% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.4M, and assets of $14.7M (revenue -0.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $2.9M, and assets of $15.0M (revenue +112.5% year-over-year).
- 2018: Revenue of $626K, expenses of $554K, and assets of $11.3M (revenue +19.2% year-over-year).
- 2017: Revenue of $525K, expenses of $341K, and assets of $4.0M (revenue +0.0% year-over-year).
- 2016: Revenue of $525K, expenses of $346K, and assets of $4.1M (revenue +0.0% year-over-year).
- 2015: Revenue of $525K, expenses of $343K, and assets of $4.1M (revenue +0.0% year-over-year).
- 2014: Revenue of $525K, expenses of $363K, and assets of $4.1M (revenue -0.1% year-over-year).
- 2013: Revenue of $526K, expenses of $387K, and assets of $4.2M (revenue +0.1% year-over-year).
- 2012: Revenue of $525K, expenses of $385K, and assets of $4.2M (revenue +3.0% year-over-year).
- 2011: Revenue of $510K, expenses of $391K, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 1 House2 Hands Inc:
Data Sources and Methodology
This transparency report for 1 House2 Hands 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.