Alpha Omega Homes Incorporated

Alpha Omega Homes Incorporated maintains assets with minimal recent operational revenue and expenses.

EIN: 203284161 · Chester, SC · NTEE: L25 · Updated: 2026-03-28

$1KRevenue

$346KAssets

45/100Mission Score (Fair)

L25

About Alpha Omega Homes Incorporated

Alpha Omega Homes Incorporated (EIN: 203284161) is a nonprofit organization based in Chester, SC, classified under NTEE code L25. The organization reported total revenue of $1K and total assets of $346K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alpha Omega Homes Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Alpha Omega Homes Incorporated demonstrates a mixed financial picture. While the organization consistently reports zero liabilities in recent years (2018-2023), indicating good fiscal management in that area, its revenue generation has been highly inconsistent and generally low, with several years reporting minimal or zero revenue (e.g., $0 in 2020, $50 in 2018). The latest reported revenue is only $1,003, which is significantly lower than its assets of $346,319. The organization's expenses have also been very low in recent years, often under $1,000, which suggests minimal operational activity. The consistent reporting of 0% officer compensation across all filings indicates a commitment to volunteer leadership, which is a positive for donor confidence regarding executive pay. However, the lack of substantial program expenses makes it difficult to assess spending efficiency on actual programs.

The organization's financial health appears stable in terms of asset retention and low liabilities, but its operational capacity and impact are questionable given the minimal revenue and expenses. The NTEE code L25 (Housing/Shelter) suggests a mission that typically requires significant funding and activity, which is not reflected in the financial data. Transparency is good in terms of filing history and consistent reporting of key metrics like officer compensation. However, the low activity levels raise questions about the actual scope and effectiveness of its charitable work.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Alpha Omega Homes Incorporated with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 40%
programs: 50%
fundraising: 10%

According to IRS 990 filings, Alpha Omega Homes Incorporated allocates its expenses as follows: admin: 40%, programs: 50%, fundraising: 10%. Approximately 50% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization relies on volunteer leadership and does not allocate funds to officer salaries, which is a positive for resource allocation.

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 Alpha Omega Homes Incorporated's IRS 990 filings:

Highly inconsistent and often minimal revenue generation (e.g., $0 in 2020, $50 in 2018, $1,003 latest).
Very low reported expenses in recent years (e.g., $893 in 2023), raising questions about program activity.
Significant assets ($346,319) with minimal operational activity, suggesting potential underutilization of resources for direct charitable impact.

Strengths

The following positive indicators were identified for Alpha Omega Homes Incorporated:

Consistent reporting of 0% officer compensation, indicating volunteer leadership.
Zero liabilities reported in recent years (2018-2023), demonstrating good debt management.
Long filing history (11 filings) indicating compliance with IRS reporting requirements.

Frequently Asked Questions about Alpha Omega Homes Incorporated

What are the specific programs Alpha Omega Homes Incorporated operates given its minimal expenses?

With expenses as low as $319 in 2020 and $893 in 2023, it is unclear what specific housing or shelter programs the organization is actively running or how it is achieving its mission with such limited financial outlay.

How does the organization sustain its assets with such inconsistent and low revenue?

The organization has maintained significant assets (e.g., $346,319 latest, $349,368 in 2023) despite many years of minimal or zero revenue, suggesting either past substantial endowments, non-cash contributions, or very conservative spending, but the source of asset growth/maintenance is not clear from revenue alone.

What is the long-term strategy for revenue generation and program expansion?

Given the highly fluctuating and often very low revenue figures, the organization's strategy for securing consistent funding to expand its charitable activities in housing/shelter is not evident from the filings.

Filing History

IRS 990 filing history for Alpha Omega Homes Incorporated showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Alpha Omega Homes Incorporated's revenue has grown by 218.7%, moving from $23K to $74K. Total assets decreased by 19.4% over the same period, from $434K to $349K. Total functional expenses fell by 94.3%, from $16K to $893. In its most recent filing year (2023), Alpha Omega Homes Incorporated reported a surplus of $73K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$74K	$893	$349K	$0	—	—
2021	$57K	$711	$277K	$0	—	View 990
2020	$0	$319	$221K	$0	—	—
2019	$5K	$208	$221K	$0	—	View 990
2018	$50	$108	$216K	$0	—	View 990
2017	$300	$3K	$216K	$0	—	View 990
2015	$0	$4K	$276K	$21K	—	View 990
2014	$70K	$10K	$280K	$21K	—	View 990
2013	$174K	$247K	$228K	$29K	—	View 990
2012	$79K	$117K	$301K	$29K	—	View 990
2011	$23K	$16K	$434K	$124K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $74K, expenses of $893, and assets of $349K (revenue +30.1% year-over-year).
2021: Revenue of $57K, expenses of $711, and assets of $277K.
2020: Revenue of $0, expenses of $319, and assets of $221K (revenue -100.0% year-over-year).
2019: Revenue of $5K, expenses of $208, and assets of $221K (revenue +9900.0% year-over-year).
2018: Revenue of $50, expenses of $108, and assets of $216K (revenue -83.3% year-over-year).
2017: Revenue of $300, expenses of $3K, and assets of $216K.
2015: Revenue of $0, expenses of $4K, and assets of $276K (revenue -100.0% year-over-year).
2014: Revenue of $70K, expenses of $10K, and assets of $280K (revenue -59.8% year-over-year).
2013: Revenue of $174K, expenses of $247K, and assets of $228K (revenue +120.3% year-over-year).
2012: Revenue of $79K, expenses of $117K, and assets of $301K (revenue +240.5% year-over-year).
2011: Revenue of $23K, expenses of $16K, and assets of $434K.

Data Sources and Methodology

This transparency report for Alpha Omega Homes Incorporated 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.