Agsten Homes Inc
Agsten Homes Inc. consistently operates with expenses exceeding revenue and reports no officer compensation.
EIN: 208765753 · Columbus, OH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $880K |
| Total Expenses | $857K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $880,178 |
| Net Assets | $456K |
| Transparency Score | 70/100 |
Is Agsten Homes Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Agsten Homes Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Agsten Homes Inc
Agsten Homes Inc (EIN: 208765753) is a nonprofit organization based in Columbus, OH, classified under NTEE code L21. The organization reported total revenue of $880K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Agsten Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Agsten Homes Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $800K |
| Total Expenses | $857K |
| Surplus / Deficit | $-56,679 |
| Total Assets | $2.6M |
| Total Liabilities | $2.2M |
| Net Assets | $456K |
| Operating Margin | -7.1% |
| Debt-to-Asset Ratio | 82.8% |
| Months of Reserves | 37.0 months |
Financial Health Grade: C
In 2024, Agsten Homes Inc reported a deficit of $57K with expenses exceeding revenue, holds 37.0 months of operating reserves (strong position), has a debt-to-asset ratio of 82.8% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Agsten Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.2% | -1.6% | -4.2% |
| 2023 | +3.4% | +7.2% | -5.3% |
| 2022 | -3.7% | +1.7% | -3.2% |
| 2021 | +1.8% | -3.9% | -1.7% |
| 2020 | +1.1% | +6.1% | -4.5% |
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 Agsten Homes Inc with a Mission Score of 70 out of 100 (Good). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Agsten Homes Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 82.8%.
Executive Compensation Analysis
Agsten Homes Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size ($880,178 latest revenue, $2.6M assets) and suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within its financial statements.
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 Agsten Homes Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, potentially eroding reserves.
- Unusual reporting of 0% officer compensation for an organization of its size, warranting further scrutiny into leadership compensation structure.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Agsten Homes Inc:
- Consistent IRS 990 filing history, indicating good compliance and transparency.
- Stable revenue streams over the past decade, generally staying within a similar range.
- Managed reduction in liabilities alongside assets, suggesting controlled financial management rather than uncontrolled debt accumulation.
Frequently Asked Questions about Agsten Homes Inc
Is Agsten Homes Inc a legitimate charity?
Agsten Homes Inc (EIN: 208765753) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $880K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Agsten Homes Inc spend its money?
Agsten Homes Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Agsten Homes Inc tax-deductible?
Agsten Homes Inc is registered as a tax-exempt nonprofit (EIN: 208765753). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Agsten Homes Inc CEO make?
Agsten Homes Inc's highest-compensated officer earns $880,178 annually. The organization reported $880K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Agsten Homes Inc's spending goes to programs?
Agsten Homes Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Agsten Homes Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Agsten Homes Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Agsten Homes Inc located?
Agsten Homes Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 208765753. It is classified under NTEE code L21.
How many years of IRS 990 filings does Agsten Homes Inc have?
Agsten Homes Inc has 14 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 $880K in total revenue.
How does Agsten Homes Inc. manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer-led organization at the executive level or that compensation for leadership roles is categorized under other expense lines, which would require further investigation of their detailed financial statements.
Why have Agsten Homes Inc.'s assets been steadily declining over the past decade?
Agsten Homes Inc.'s assets have decreased from $3,620,669 in 2015 to $2,642,453 in 2024. This decline, alongside a corresponding decrease in liabilities, suggests a deliberate reduction in its financial footprint, possibly through asset sales or a strategic shift in operations, rather than a sign of financial distress.
Is Agsten Homes Inc. financially sustainable given its consistent operating deficits?
In most recent years, Agsten Homes Inc. has reported expenses exceeding revenue (e.g., $799,941 revenue vs. $856,620 expenses in 2024). While not immediately critical given its asset base, consistent deficits could erode reserves over time if not addressed through increased revenue or reduced expenses.
What is the primary use of Agsten Homes Inc.'s funds, given the lack of detailed expense breakdown?
Without a detailed breakdown of program, administrative, and fundraising expenses in the provided data, it's challenging to definitively state the primary use of funds. However, the NTEE code L21 (Housing Development, Construction & Management) suggests funds are primarily directed towards housing-related programs and operations.
Filing History
IRS 990 filing history for Agsten Homes Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Agsten Homes Inc's revenue has grown by 37.5%, moving from $582K to $800K. Total assets decreased by 38.7% over the same period, from $4.3M to $2.6M. Total functional expenses rose by 21.8%, from $703K to $857K. In its most recent filing year (2024), Agsten Homes Inc reported a deficit of $57K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $2.6M in assets (debt-to-asset ratio: 82.8%), resulting in net assets of $456K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $800K | $857K | $2.6M | $2.2M | — | View 990 |
| 2023 | $783K | $870K | $2.8M | $2.2M | — | View 990 |
| 2022 | $757K | $812K | $2.9M | $2.3M | — | View 990 |
| 2021 | $786K | $798K | $3.0M | $2.4M | — | View 990 |
| 2020 | $772K | $831K | $3.1M | $2.4M | — | View 990 |
| 2019 | $764K | $783K | $3.2M | $2.5M | — | View 990 |
| 2018 | $663K | $802K | $3.3M | $2.6M | — | View 990 |
| 2017 | $682K | $727K | $3.5M | $2.6M | — | View 990 |
| 2016 | $684K | $706K | $3.6M | $2.7M | — | View 990 |
| 2015 | $685K | $670K | $3.6M | $2.7M | — | View 990 |
| 2014 | $694K | $727K | $3.7M | $2.8M | — | View 990 |
| 2013 | $693K | $726K | $3.8M | $2.9M | — | View 990 |
| 2012 | $565K | $1.0M | $3.8M | $2.9M | — | View 990 |
| 2011 | $582K | $703K | $4.3M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $800K, expenses of $857K, and assets of $2.6M (revenue +2.2% year-over-year).
- 2023: Revenue of $783K, expenses of $870K, and assets of $2.8M (revenue +3.4% year-over-year).
- 2022: Revenue of $757K, expenses of $812K, and assets of $2.9M (revenue -3.7% year-over-year).
- 2021: Revenue of $786K, expenses of $798K, and assets of $3.0M (revenue +1.8% year-over-year).
- 2020: Revenue of $772K, expenses of $831K, and assets of $3.1M (revenue +1.1% year-over-year).
- 2019: Revenue of $764K, expenses of $783K, and assets of $3.2M (revenue +15.2% year-over-year).
- 2018: Revenue of $663K, expenses of $802K, and assets of $3.3M (revenue -2.8% year-over-year).
- 2017: Revenue of $682K, expenses of $727K, and assets of $3.5M (revenue -0.3% year-over-year).
- 2016: Revenue of $684K, expenses of $706K, and assets of $3.6M (revenue -0.1% year-over-year).
- 2015: Revenue of $685K, expenses of $670K, and assets of $3.6M (revenue -1.3% year-over-year).
- 2014: Revenue of $694K, expenses of $727K, and assets of $3.7M (revenue +0.0% year-over-year).
- 2013: Revenue of $693K, expenses of $726K, and assets of $3.8M (revenue +22.8% year-over-year).
- 2012: Revenue of $565K, expenses of $1.0M, and assets of $3.8M (revenue -2.9% year-over-year).
- 2011: Revenue of $582K, expenses of $703K, and assets of $4.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Agsten Homes Inc:
Data Sources and Methodology
This transparency report for Agsten Homes 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.