Asbury Homes Inc
EIN: 561713760 · Tabor City, NC · NTEE: P75
| Metric | Value |
|---|---|
| Total Revenue | $658K |
| Total Expenses | $536K |
| Net Assets | $485K |
Is Asbury Homes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Asbury Homes Inc
Asbury Homes Inc (EIN: 561713760) is a nonprofit organization based in Tabor City, NC, classified under NTEE code P75. The organization reported total revenue of $658K and total assets of $902K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asbury Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asbury Homes Inc is a small nonprofit that has been operating for 17 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $637K |
| Total Expenses | $536K |
| Surplus / Deficit | +$101K |
| Total Assets | $835K |
| Total Liabilities | $350K |
| Net Assets | $485K |
| Operating Margin | 15.9% |
| Debt-to-Asset Ratio | 41.9% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2024, Asbury Homes Inc reported a surplus of $101K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 41.9% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Asbury Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.7% | +3.1% | +11.6% |
| 2023 | +0.5% | -4.2% | +5.7% |
| 2022 | -4.5% | +1.0% | +3.2% |
| 2021 | +19.6% | +4.5% | +10.2% |
| 2020 | -1.5% | +12.9% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asbury Homes Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Asbury Homes Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $101K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.9%.
Frequently Asked Questions about Asbury Homes Inc
Is Asbury Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Asbury Homes Inc (EIN: 561713760) insufficient data. 0 red flags identified, 0 strengths noted.
How does Asbury Homes Inc spend its money?
Detailed spending breakdown data is not yet available for Asbury Homes Inc. Check back for updated IRS 990 analysis.
Are donations to Asbury Homes Inc tax-deductible?
Asbury Homes Inc is registered as a tax-exempt nonprofit (EIN: 561713760). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asbury Homes Inc located?
Asbury Homes Inc is headquartered in Tabor City, North Carolina and files with the IRS under EIN 561713760. It is classified under NTEE code P75.
How many years of IRS 990 filings does Asbury Homes Inc have?
Asbury 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 $658K in total revenue.
Filing History
IRS 990 filing history for Asbury Homes Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Asbury Homes Inc's revenue has grown by 59%, moving from $400K to $637K. Total assets increased by 46% over the same period, from $572K to $835K. Total functional expenses rose by 22.4%, from $438K to $536K. In its most recent filing year (2024), Asbury Homes Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $350K in liabilities against $835K in assets (debt-to-asset ratio: 41.9%), resulting in net assets of $485K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $637K | $536K | $835K | $350K | — | — |
| 2023 | $580K | $519K | $748K | $364K | — | — |
| 2022 | $577K | $542K | $708K | $385K | — | View 990 |
| 2021 | $605K | $537K | $686K | $398K | — | — |
| 2020 | $505K | $514K | $623K | $400K | — | View 990 |
| 2019 | $513K | $455K | $686K | $423K | — | View 990 |
| 2018 | $519K | $384K | $644K | $440K | — | — |
| 2017 | $434K | $335K | $550K | $480K | — | View 990 |
| 2016 | $400K | $289K | $506K | $536K | — | View 990 |
| 2015 | $326K | $334K | $496K | $611K | — | View 990 |
| 2014 | $353K | $401K | $516K | $623K | — | View 990 |
| 2013 | $357K | $398K | $517K | $576K | — | View 990 |
| 2012 | $488K | $446K | $551K | $501K | — | View 990 |
| 2011 | $400K | $438K | $572K | $564K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $637K, expenses of $536K, and assets of $835K (revenue +9.7% year-over-year).
- 2023: Revenue of $580K, expenses of $519K, and assets of $748K (revenue +0.5% year-over-year).
- 2022: Revenue of $577K, expenses of $542K, and assets of $708K (revenue -4.5% year-over-year).
- 2021: Revenue of $605K, expenses of $537K, and assets of $686K (revenue +19.6% year-over-year).
- 2020: Revenue of $505K, expenses of $514K, and assets of $623K (revenue -1.5% year-over-year).
- 2019: Revenue of $513K, expenses of $455K, and assets of $686K (revenue -1.3% year-over-year).
- 2018: Revenue of $519K, expenses of $384K, and assets of $644K (revenue +19.8% year-over-year).
- 2017: Revenue of $434K, expenses of $335K, and assets of $550K (revenue +8.3% year-over-year).
- 2016: Revenue of $400K, expenses of $289K, and assets of $506K (revenue +22.7% year-over-year).
- 2015: Revenue of $326K, expenses of $334K, and assets of $496K (revenue -7.7% year-over-year).
- 2014: Revenue of $353K, expenses of $401K, and assets of $516K (revenue -0.9% year-over-year).
- 2013: Revenue of $357K, expenses of $398K, and assets of $517K (revenue -26.9% year-over-year).
- 2012: Revenue of $488K, expenses of $446K, and assets of $551K (revenue +21.8% year-over-year).
- 2011: Revenue of $400K, expenses of $438K, and assets of $572K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asbury Homes Inc:
Data Sources and Methodology
This transparency report for Asbury 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.