Building Homes For Heroes Inc

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Building Homes For Heroes Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Building Homes For Heroes Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Building Homes For Heroes Inc in one place.

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 →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Building Homes For Heroes Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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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.

Organization Overview

Building Homes For Heroes Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Building Homes For Heroes Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Building Homes For Heroes Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $1.3M, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.6%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Building Homes For Heroes Inc:

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.