Brunswick County Home Builders Association Inc

Is Brunswick County Home Builders Association Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Brunswick County Home Builders Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Brunswick County Home Builders Association Inc

Brunswick County Home Builders Association Inc (EIN: 10599665) is a nonprofit organization based in Shallotte, NC. The organization reported total revenue of $303K and total assets of $420K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brunswick County Home Builders Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Brunswick County Home Builders Association 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, Brunswick County Home Builders Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is highly favorable for directing funds to its mission.

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 Brunswick County Home Builders Association Inc's IRS 990 filings:

• Slight deficit in the latest fiscal period (202312) where expenses ($201,951) exceeded revenue ($197,605).

Strengths

The following positive indicators were identified for Brunswick County Home Builders Association Inc:

• Consistent asset growth over the past decade, from $269,401 in 2014 to $457,989 in 2023.
• Zero reported officer compensation across all filings, indicating efficient use of funds.
• Low liabilities, consistently under $7,000 for most periods, demonstrating strong financial management.
• Revenues generally exceeding expenses in most fiscal periods, contributing to financial stability.

Frequently Asked Questions about Brunswick County Home Builders Association Inc

Filing History

IRS 990 filing history for Brunswick County Home Builders Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Brunswick County Home Builders Association Inc's revenue has grown by 51.1%, moving from $131K to $198K. Total assets increased by 81.8% over the same period, from $252K to $458K. Total functional expenses rose by 59.2%, from $127K to $202K. In its most recent filing year (2023), Brunswick County Home Builders Association Inc reported a deficit of $4K, with expenses exceeding revenue. The organization holds $3K in liabilities against $458K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $455K.

Year-by-Year Financial Summary

• 2023: Revenue of $198K, expenses of $202K, and assets of $458K (revenue -5.0% year-over-year).
• 2022: Revenue of $208K, expenses of $183K, and assets of $462K (revenue +2.1% year-over-year).
• 2021: Revenue of $204K, expenses of $176K, and assets of $437K (revenue +14.8% year-over-year).
• 2020: Revenue of $177K, expenses of $167K, and assets of $411K (revenue -21.9% year-over-year).
• 2019: Revenue of $227K, expenses of $191K, and assets of $400K (revenue +3.6% year-over-year).
• 2018: Revenue of $219K, expenses of $188K, and assets of $363K (revenue +11.3% year-over-year).
• 2017: Revenue of $197K, expenses of $182K, and assets of $334K (revenue -3.3% year-over-year).
• 2016: Revenue of $204K, expenses of $189K, and assets of $317K (revenue +10.9% year-over-year).
• 2015: Revenue of $184K, expenses of $131K, and assets of $307K (revenue +14.6% year-over-year).
• 2014: Revenue of $160K, expenses of $148K, and assets of $269K (revenue -1.2% year-over-year).
• 2013: Revenue of $162K, expenses of $127K, and assets of $277K (revenue +9.9% year-over-year).
• 2012: Revenue of $148K, expenses of $132K, and assets of $258K (revenue +13.0% year-over-year).
• 2011: Revenue of $131K, expenses of $127K, and assets of $252K.

Data Sources and Methodology

This transparency report for Brunswick County Home Builders Association 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.