Centre For Home Ownership & Economic Development Corporation I
EIN: 272691355 · Hillsboro, NC · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $764K |
| Net Assets | $652K |
Is Centre For Home Ownership & Economic Development Corporation I Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Centre For Home Ownership & Economic Development Corporation I
Centre For Home Ownership & Economic Development Corporation I (EIN: 272691355) is a nonprofit organization based in Hillsboro, NC, classified under NTEE code B90. The organization reported total revenue of $1.7M and total assets of $897K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Centre For Home Ownership & Economic Development Corporation I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Centre For Home Ownership & Economic Development Corporation I is a mid-size nonprofit that has been operating for 16 years, with 10 years of IRS 990 filings on record (2013–2022). Revenue has grown at a compound annual rate of 8.4%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $764K |
| Surplus / Deficit | +$348K |
| Total Assets | $1.0M |
| Total Liabilities | $351K |
| Net Assets | $652K |
| Operating Margin | 31.3% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2022, Centre For Home Ownership & Economic Development Corporation I reported a surplus of $348K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 10 years of filings (2013–2022), Centre For Home Ownership & Economic Development Corporation I's revenue has grown at a compound annual growth rate (CAGR) of 8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +73.0% | +26.9% | +42.2% |
| 2021 | -7.4% | -14.8% | +1.9% |
| 2020 | +36.9% | +19.5% | +21.5% |
| 2019 | -11.2% | -8.1% | -15.1% |
| 2018 | -20.2% | -12.3% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Centre For Home Ownership & Economic Development Corporation I 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 Centre For Home Ownership & Economic Development Corporation I 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $348K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.0%.
Frequently Asked Questions about Centre For Home Ownership & Economic Development Corporation I
Is Centre For Home Ownership & Economic Development Corporation I a legitimate charity?
Centre For Home Ownership & Economic Development Corporation I (EIN: 272691355) is a registered tax-exempt nonprofit based in North Carolina. It has 10 years of IRS 990 filings on record. Total revenue: $1.7M. No red flags identified. Financial health grade: A.
How does Centre For Home Ownership & Economic Development Corporation I spend its money?
Centre For Home Ownership & Economic Development Corporation I reported $1.7M in total revenue in IRS 990 filings. 10 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Centre For Home Ownership & Economic Development Corporation I tax-deductible?
Centre For Home Ownership & Economic Development Corporation I is registered as a tax-exempt nonprofit (EIN: 272691355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Centre For Home Ownership & Economic Development Corporation I located?
Centre For Home Ownership & Economic Development Corporation I is headquartered in Hillsboro, North Carolina and files with the IRS under EIN 272691355. It is classified under NTEE code B90.
How many years of IRS 990 filings does Centre For Home Ownership & Economic Development Corporation I have?
Centre For Home Ownership & Economic Development Corporation I has 10 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 $1.7M in total revenue.
Filing History
IRS 990 filing history for Centre For Home Ownership & Economic Development Corporation I showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2022), Centre For Home Ownership & Economic Development Corporation I's revenue has grown by 105.9%, moving from $540K to $1.1M. Total assets increased by 347.7% over the same period, from $224K to $1.0M. Total functional expenses rose by 125.4%, from $339K to $764K. In its most recent filing year (2022), Centre For Home Ownership & Economic Development Corporation I reported a surplus of $348K, with revenue exceeding expenses. The organization holds $351K in liabilities against $1.0M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $652K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.1M | $764K | $1.0M | $351K | — | View 990 |
| 2021 | $643K | $602K | $705K | $401K | — | View 990 |
| 2020 | $694K | $707K | $692K | $428K | — | — |
| 2019 | $507K | $591K | $569K | $293K | — | View 990 |
| 2018 | $571K | $643K | $671K | $310K | — | View 990 |
| 2017 | $715K | $734K | $699K | $266K | — | — |
| 2016 | $943K | $691K | $683K | $231K | — | View 990 |
| 2015 | $434K | $479K | $298K | $106K | — | View 990 |
| 2014 | $475K | $460K | $237K | $0 | — | View 990 |
| 2013 | $540K | $339K | $224K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.1M, expenses of $764K, and assets of $1.0M (revenue +73.0% year-over-year).
- 2021: Revenue of $643K, expenses of $602K, and assets of $705K (revenue -7.4% year-over-year).
- 2020: Revenue of $694K, expenses of $707K, and assets of $692K (revenue +36.9% year-over-year).
- 2019: Revenue of $507K, expenses of $591K, and assets of $569K (revenue -11.2% year-over-year).
- 2018: Revenue of $571K, expenses of $643K, and assets of $671K (revenue -20.2% year-over-year).
- 2017: Revenue of $715K, expenses of $734K, and assets of $699K (revenue -24.1% year-over-year).
- 2016: Revenue of $943K, expenses of $691K, and assets of $683K (revenue +117.4% year-over-year).
- 2015: Revenue of $434K, expenses of $479K, and assets of $298K (revenue -8.7% year-over-year).
- 2014: Revenue of $475K, expenses of $460K, and assets of $237K (revenue -12.1% year-over-year).
- 2013: Revenue of $540K, expenses of $339K, and assets of $224K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Centre For Home Ownership & Economic Development Corporation I:
Data Sources and Methodology
This transparency report for Centre For Home Ownership & Economic Development Corporation I 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.