Allies Homes 2005 Inc
Allies Homes 2005 Inc. shows consistent operations but faces increasing liabilities exceeding assets in recent years.
EIN: 205666181 · Hamilton, NJ · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $184K |
| Total Expenses | $57K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $-253,127 |
| Transparency Score | 65/100 |
Is Allies Homes 2005 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Allies Homes 2005 Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Allies Homes 2005 Inc
Allies Homes 2005 Inc (EIN: 205666181) is a nonprofit organization based in Hamilton, NJ, classified under NTEE code L20. The organization reported total revenue of $184K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Allies Homes 2005 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Allies Homes 2005 Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $57K |
| Surplus / Deficit | $-22,887 |
| Total Assets | $937K |
| Total Liabilities | $1.2M |
| Net Assets | $-253,127 |
| Operating Margin | -67.9% |
| Debt-to-Asset Ratio | 127.0% |
| Months of Reserves | 198.6 months |
Financial Health Grade: C
In 2023, Allies Homes 2005 Inc reported a deficit of $23K with expenses exceeding revenue, holds 198.6 months of operating reserves (strong position), has a debt-to-asset ratio of 127.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Allies Homes 2005 Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.9% | -1.4% | -4.7% |
| 2022 | +27.8% | -49.1% | +3.0% |
| 2021 | -37.8% | +40.0% | -1.5% |
| 2020 | -24.0% | -12.0% | -1.0% |
| 2019 | -2.9% | +9.9% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Allies Homes 2005 Inc with a Mission Score of 65 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: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Allies Homes 2005 Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 127.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual for an organization with over $1 million in assets and consistent operational expenses.
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 Allies Homes 2005 Inc's IRS 990 filings:
- Liabilities consistently exceeding assets since 2023, indicating potential solvency concerns.
- Consistent operational deficits in recent years (e.g., $22,887 in 2023), requiring external funding or drawing down reserves.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided summary data, limiting spending efficiency analysis.
Strengths
The following positive indicators were identified for Allies Homes 2005 Inc:
- Consistent IRS 990 filing history, demonstrating transparency in reporting.
- Reported 0% officer compensation across all filings, indicating a commitment to minimizing executive overhead.
- Stable asset base of approximately $1 million over the filing periods.
Frequently Asked Questions about Allies Homes 2005 Inc
Is Allies Homes 2005 Inc a legitimate charity?
Allies Homes 2005 Inc (EIN: 205666181) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $184K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Allies Homes 2005 Inc spend its money?
Allies Homes 2005 Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Allies Homes 2005 Inc tax-deductible?
Allies Homes 2005 Inc is registered as a tax-exempt nonprofit (EIN: 205666181). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Allies Homes 2005 Inc CEO make?
Allies Homes 2005 Inc's highest-compensated officer earns $1 annually. The organization reported $184K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Allies Homes 2005 Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Allies Homes 2005 Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Allies Homes 2005 Inc located?
Allies Homes 2005 Inc is headquartered in Hamilton, New Jersey and files with the IRS under EIN 205666181. It is classified under NTEE code L20.
How many years of IRS 990 filings does Allies Homes 2005 Inc have?
Allies Homes 2005 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 $184K in total revenue.
Why have liabilities consistently increased and now exceed assets?
The filings show liabilities growing from $692,457 in 2018 to $1,189,761 in 2023, while assets have remained around $1 million. This trend suggests a potential reliance on debt or other obligations that could impact long-term financial stability.
How does the organization cover its operational deficits in recent years?
In 2023, expenses exceeded revenue by $22,887. Similar deficits occurred in 2022 and 2021. Without detailed financial statements, it's unclear if these deficits are covered by prior reserves, new debt, or other non-operating income sources.
What are the specific program activities funded by Allies Homes 2005 Inc.?
The NTEE code L20 indicates 'Housing Development, Construction & Management'. While the filings show general revenue and expenses, specific program details are not provided in this summary data.
How does the organization manage its properties given the NTEE code and asset levels?
With over $1 million in assets and an NTEE code related to housing, it's implied the organization owns or manages properties. The financial data doesn't detail property-specific income or expenses, making it difficult to assess property management efficiency.
Filing History
IRS 990 filing history for Allies Homes 2005 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Allies Homes 2005 Inc's revenue has declined by 56.3%, moving from $77K to $34K. Total assets decreased by 23.6% over the same period, from $1.2M to $937K. Total functional expenses fell by 16.7%, from $68K to $57K. In its most recent filing year (2023), Allies Homes 2005 Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $1.2M in liabilities against $937K in assets (debt-to-asset ratio: 127.0%), resulting in net assets of $-253,127.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $57K | $937K | $1.2M | — | View 990 |
| 2022 | $56K | $57K | $983K | $1.2M | — | View 990 |
| 2021 | $44K | $113K | $955K | $1.2M | — | — |
| 2020 | $70K | $81K | $969K | $908K | — | View 990 |
| 2019 | $93K | $92K | $979K | $908K | — | View 990 |
| 2018 | $96K | $83K | $1.0M | $692K | — | View 990 |
| 2017 | $96K | $89K | $1.0M | $717K | — | View 990 |
| 2016 | $97K | $83K | $1.0M | $740K | — | View 990 |
| 2015 | $85K | $86K | $1.1M | $766K | — | View 990 |
| 2014 | $86K | $96K | $1.1M | $793K | — | View 990 |
| 2013 | $77K | $74K | $1.1M | $793K | — | View 990 |
| 2012 | $70K | $66K | $1.1M | $804K | — | View 990 |
| 2011 | $77K | $68K | $1.2M | $936K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $57K, and assets of $937K (revenue -39.9% year-over-year).
- 2022: Revenue of $56K, expenses of $57K, and assets of $983K (revenue +27.8% year-over-year).
- 2021: Revenue of $44K, expenses of $113K, and assets of $955K (revenue -37.8% year-over-year).
- 2020: Revenue of $70K, expenses of $81K, and assets of $969K (revenue -24.0% year-over-year).
- 2019: Revenue of $93K, expenses of $92K, and assets of $979K (revenue -2.9% year-over-year).
- 2018: Revenue of $96K, expenses of $83K, and assets of $1.0M (revenue +-0.0% year-over-year).
- 2017: Revenue of $96K, expenses of $89K, and assets of $1.0M (revenue -1.3% year-over-year).
- 2016: Revenue of $97K, expenses of $83K, and assets of $1.0M (revenue +14.6% year-over-year).
- 2015: Revenue of $85K, expenses of $86K, and assets of $1.1M (revenue -1.6% year-over-year).
- 2014: Revenue of $86K, expenses of $96K, and assets of $1.1M (revenue +11.2% year-over-year).
- 2013: Revenue of $77K, expenses of $74K, and assets of $1.1M (revenue +9.7% year-over-year).
- 2012: Revenue of $70K, expenses of $66K, and assets of $1.1M (revenue -8.8% year-over-year).
- 2011: Revenue of $77K, expenses of $68K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Allies Homes 2005 Inc:
Data Sources and Methodology
This transparency report for Allies Homes 2005 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.