Buffalo Mountain Homeowners Association Inc
EIN: 561439957 · Asheville, NC · NTEE: L50
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $128K |
| Net Assets | $286K |
Is Buffalo Mountain Homeowners Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Buffalo Mountain Homeowners Association Inc
Buffalo Mountain Homeowners Association Inc (EIN: 561439957) is a nonprofit organization based in Asheville, NC, classified under NTEE code L50. The organization reported total revenue of $261K and total assets of $399K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Mountain Homeowners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Mountain Homeowners Association Inc is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $248K |
| Total Expenses | $128K |
| Surplus / Deficit | +$120K |
| Total Assets | $399K |
| Total Liabilities | $114K |
| Net Assets | $286K |
| Operating Margin | 48.5% |
| Debt-to-Asset Ratio | 28.5% |
| Months of Reserves | 37.6 months |
Financial Health Grade: A
In 2024, Buffalo Mountain Homeowners Association Inc reported a surplus of $120K with revenue exceeding expenses, holds 37.6 months of operating reserves (strong position), has a debt-to-asset ratio of 28.5% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Buffalo Mountain Homeowners Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +74.6% | -44.4% | +89.9% |
| 2023 | -29.5% | +82.9% | -26.0% |
| 2022 | +34.4% | +6.0% | +60.1% |
| 2020 | -100.0% | -100.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Buffalo Mountain Homeowners Association 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 Buffalo Mountain Homeowners Association 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 $120K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.5%.
Frequently Asked Questions about Buffalo Mountain Homeowners Association Inc
Is Buffalo Mountain Homeowners Association Inc a legitimate charity?
Buffalo Mountain Homeowners Association Inc (EIN: 561439957) is a registered tax-exempt nonprofit based in North Carolina. It has 14 years of IRS 990 filings on record. Total revenue: $261K. No red flags identified. Financial health grade: A.
How does Buffalo Mountain Homeowners Association Inc spend its money?
Buffalo Mountain Homeowners Association Inc reported $261K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Buffalo Mountain Homeowners Association Inc tax-deductible?
Buffalo Mountain Homeowners Association Inc is registered as a tax-exempt nonprofit (EIN: 561439957). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Buffalo Mountain Homeowners Association Inc located?
Buffalo Mountain Homeowners Association Inc is headquartered in Asheville, North Carolina and files with the IRS under EIN 561439957. It is classified under NTEE code L50.
How many years of IRS 990 filings does Buffalo Mountain Homeowners Association Inc have?
Buffalo Mountain Homeowners Association 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 $261K in total revenue.
Filing History
IRS 990 filing history for Buffalo Mountain Homeowners Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Buffalo Mountain Homeowners Association Inc's revenue has grown by 162.1%, moving from $95K to $248K. Total assets increased by 156.4% over the same period, from $156K to $399K. Total functional expenses rose by 75.3%, from $73K to $128K. In its most recent filing year (2024), Buffalo Mountain Homeowners Association Inc reported a surplus of $120K, with revenue exceeding expenses. The organization holds $114K in liabilities against $399K in assets (debt-to-asset ratio: 28.5%), resulting in net assets of $286K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $248K | $128K | $399K | $114K | — | — |
| 2023 | $142K | $230K | $210K | $52K | — | — |
| 2022 | $201K | $126K | $284K | $38K | — | View 990 |
| 2021 | $150K | $118K | $177K | $7K | — | — |
| 2020 | $0 | $0 | $1 | $0 | — | View 990 |
| 2019 | $94K | $99K | $138K | $31K | — | View 990 |
| 2018 | $85K | $98K | $186K | $8K | — | View 990 |
| 2017 | $84K | $64K | $198K | $7K | — | View 990 |
| 2016 | $76K | $74K | $179K | $7K | — | View 990 |
| 2015 | $81K | $82K | $214K | $0 | — | View 990 |
| 2014 | $69K | $67K | $214K | $0 | — | View 990 |
| 2013 | $82K | $64K | $212K | $0 | — | View 990 |
| 2012 | $87K | $48K | $194K | $0 | — | View 990 |
| 2011 | $95K | $73K | $156K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $248K, expenses of $128K, and assets of $399K (revenue +74.6% year-over-year).
- 2023: Revenue of $142K, expenses of $230K, and assets of $210K (revenue -29.5% year-over-year).
- 2022: Revenue of $201K, expenses of $126K, and assets of $284K (revenue +34.4% year-over-year).
- 2021: Revenue of $150K, expenses of $118K, and assets of $177K.
- 2020: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2019: Revenue of $94K, expenses of $99K, and assets of $138K (revenue +10.1% year-over-year).
- 2018: Revenue of $85K, expenses of $98K, and assets of $186K (revenue +0.6% year-over-year).
- 2017: Revenue of $84K, expenses of $64K, and assets of $198K (revenue +11.7% year-over-year).
- 2016: Revenue of $76K, expenses of $74K, and assets of $179K (revenue -7.1% year-over-year).
- 2015: Revenue of $81K, expenses of $82K, and assets of $214K (revenue +17.2% year-over-year).
- 2014: Revenue of $69K, expenses of $67K, and assets of $214K (revenue -15.1% year-over-year).
- 2013: Revenue of $82K, expenses of $64K, and assets of $212K (revenue -5.9% year-over-year).
- 2012: Revenue of $87K, expenses of $48K, and assets of $194K (revenue -8.1% year-over-year).
- 2011: Revenue of $95K, expenses of $73K, and assets of $156K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo Mountain Homeowners Association Inc:
Data Sources and Methodology
This transparency report for Buffalo Mountain Homeowners 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.