Building Homes For Heroes Inc
Building Homes For Heroes consistently operates with no reported officer compensation, maintaining stable finances.
EIN: 204540852 · Island Park, NY · NTEE: L990 · Updated: 2026-03-28
Is Building Homes For Heroes Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Building Homes For Heroes Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Building Homes For Heroes Inc
Building Homes For Heroes Inc (EIN: 204540852) is a nonprofit organization based in Island Park, NY, classified under NTEE code L990. The organization reported total revenue of $20.6M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Building Homes For Heroes 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 Building Homes For Heroes Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Building Homes For Heroes Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Building Homes For Heroes Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is highly unusual and commendable for an organization of its size with revenues often exceeding $10 million.
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.
Strengths
The following positive indicators were identified for Building Homes For Heroes Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Healthy and stable asset base, consistently above $14 million in recent years, demonstrating financial stability.
- Strong financial solvency with liabilities consistently low relative to assets.
- Consistent revenue generation, often exceeding $10 million annually, supporting sustained operations.
Frequently Asked Questions about Building Homes For Heroes Inc
Is Building Homes For Heroes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Building Homes For Heroes Inc (EIN: 204540852) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Building Homes For Heroes Inc spend its money?
Building Homes For Heroes Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Building Homes For Heroes Inc tax-deductible?
Building Homes For Heroes Inc is registered as a tax-exempt nonprofit (EIN: 204540852). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Building Homes For Heroes Inc. a good charity?
Based on the provided data, particularly the consistent 0% officer compensation and stable financial health, Building Homes For Heroes Inc. appears to be a very good charity, demonstrating a strong commitment to its mission and efficient use of funds.
How has the organization's revenue trended over time?
Building Homes For Heroes Inc.'s revenue has fluctuated but generally remained strong, ranging from approximately $9 million to $17.5 million annually, with recent years (2021-2023) showing revenues between $10.7 million and $13.8 million.
What is the organization's asset-to-liability ratio?
The organization consistently maintains a strong asset-to-liability ratio. For example, in 2023, assets were $16,185,231 against liabilities of $261,886, indicating excellent financial solvency.
Filing History
IRS 990 filing history for Building Homes For Heroes Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Building Homes For Heroes Inc's revenue has grown by 822.8%, moving from $1.5M to $13.8M. Total assets increased by 2178.1% over the same period, from $710K to $16.2M. Total functional expenses rose by 744.9%, from $1.5M to $12.5M. In its most recent filing year (2023), Building Homes For Heroes Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $262K in liabilities against $16.2M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $15.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $13.8M | $12.5M | $16.2M | $262K | — | View 990 |
| 2022 | $10.7M | $11.3M | $14.9M | $540K | — | View 990 |
| 2021 | $13.7M | $12.2M | $15.5M | $336K | — | View 990 |
| 2020 | $10.2M | $10.7M | $14.4M | $794K | — | — |
| 2019 | $10.1M | $11.9M | $15.6M | $1.5M | — | View 990 |
| 2018 | $9.5M | $9.3M | $17.2M | $1.4M | — | View 990 |
| 2017 | $11.5M | $11.6M | $19.9M | $4.3M | — | — |
| 2016 | $13.2M | $9.7M | $18.7M | $3.1M | — | View 990 |
| 2015 | $17.6M | $9.9M | $16.3M | $4.1M | — | View 990 |
| 2014 | $9.0M | $8.0M | $8.4M | $3.9M | — | View 990 |
| 2013 | $6.8M | $6.7M | $6.5M | $3.0M | — | View 990 |
| 2012 | $6.2M | $3.3M | $5.1M | $1.8M | — | View 990 |
| 2011 | $1.5M | $1.5M | $710K | $294K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.8M, expenses of $12.5M, and assets of $16.2M (revenue +28.8% year-over-year).
- 2022: Revenue of $10.7M, expenses of $11.3M, and assets of $14.9M (revenue -21.9% year-over-year).
- 2021: Revenue of $13.7M, expenses of $12.2M, and assets of $15.5M (revenue +34.9% year-over-year).
- 2020: Revenue of $10.2M, expenses of $10.7M, and assets of $14.4M (revenue +0.4% year-over-year).
- 2019: Revenue of $10.1M, expenses of $11.9M, and assets of $15.6M (revenue +7.0% year-over-year).
- 2018: Revenue of $9.5M, expenses of $9.3M, and assets of $17.2M (revenue -17.7% year-over-year).
- 2017: Revenue of $11.5M, expenses of $11.6M, and assets of $19.9M (revenue -12.6% year-over-year).
- 2016: Revenue of $13.2M, expenses of $9.7M, and assets of $18.7M (revenue -25.1% year-over-year).
- 2015: Revenue of $17.6M, expenses of $9.9M, and assets of $16.3M (revenue +95.7% year-over-year).
- 2014: Revenue of $9.0M, expenses of $8.0M, and assets of $8.4M (revenue +31.8% year-over-year).
- 2013: Revenue of $6.8M, expenses of $6.7M, and assets of $6.5M (revenue +9.7% year-over-year).
- 2012: Revenue of $6.2M, expenses of $3.3M, and assets of $5.1M (revenue +315.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $710K.
Data Sources and Methodology
This transparency report for Building Homes For Heroes 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.