Corbett Group Homes Inc
Corbett Group Homes Inc. operates with no reported officer compensation but faces recent financial deficits and declining assets.
EIN: 205735397 · Redwood City, CA · NTEE: F33 · Updated: 2026-03-28
Is Corbett Group Homes Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corbett Group Homes Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corbett Group Homes Inc
Corbett Group Homes Inc (EIN: 205735397) is a nonprofit organization based in Redwood City, CA, classified under NTEE code F33. The organization reported total revenue of $2.5M and total assets of $178K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corbett Group Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corbett Group Homes Inc is a mid-size nonprofit that has been operating for 19 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | $-261,442 |
| Total Assets | $178K |
| Total Liabilities | $188K |
| Net Assets | $-9,784 |
| Operating Margin | -10.6% |
| Debt-to-Asset Ratio | 105.5% |
| Months of Reserves | 0.8 months |
Financial Health Grade: D
In 2016, Corbett Group Homes Inc reported a deficit of $261K with expenses exceeding revenue, holds 0.8 months of operating reserves (limited), has a debt-to-asset ratio of 105.5% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Corbett Group Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -11.7% | +0.3% | -55.7% |
| 2015 | +23.3% | +22.0% | +38.7% |
| 2014 | +36.2% | +38.1% | +30.0% |
| 2013 | +6.2% | +1.1% | +3.5% |
| 2012 | -3.0% | +3.9% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Corbett Group Homes Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Corbett Group Homes Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $261K, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.5%.
Executive Compensation Analysis
Corbett Group Homes Inc. consistently reports 0% officer compensation across all six available filings, indicating that executive leadership is either unpaid or compensated through non-officer roles, which is highly favorable for mission-focused spending.
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 Corbett Group Homes Inc's IRS 990 filings:
- Expenses exceeded revenue in the latest filing ($2,736,387 vs $2,474,945 in 201612), indicating a deficit.
- Significant decrease in assets from $402,289 in 201512 to $178,085 in 201612.
- Increase in liabilities from $150,631 in 201512 to $187,869 in 201612, worsening the financial position.
Strengths
The following positive indicators were identified for Corbett Group Homes Inc:
- Consistent reporting of 0% officer compensation across all six filings, indicating strong financial stewardship and mission focus.
- Long history of IRS 990 filings (6 filings), demonstrating compliance and transparency.
- Consistent revenue generation over $1.5 million annually, indicating a stable operational scale.
Frequently Asked Questions about Corbett Group Homes Inc
Is Corbett Group Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corbett Group Homes Inc (EIN: 205735397) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Corbett Group Homes Inc spend its money?
Corbett Group Homes Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Corbett Group Homes Inc tax-deductible?
Corbett Group Homes Inc is registered as a tax-exempt nonprofit (EIN: 205735397). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did assets decrease from $402,289 in 2015 to $178,085 in 2016?
The IRS 990 data shows a significant drop in assets and an increase in liabilities between the 201512 and 201612 periods, suggesting potential asset liquidation or significant operational losses that impacted the balance sheet.
What is the detailed breakdown of expenses (program, admin, fundraising)?
The provided IRS 990 summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, which is crucial for a complete spending efficiency analysis.
How does Corbett Group Homes Inc. manage to operate without officer compensation?
The consistent 0% officer compensation reported suggests that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation on the 990, which is a strong indicator of dedication to the mission.
Filing History
IRS 990 filing history for Corbett Group Homes Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Corbett Group Homes Inc's revenue has grown by 52.6%, moving from $1.6M to $2.5M. Total assets decreased by 16.8% over the same period, from $214K to $178K. Total functional expenses rose by 77.5%, from $1.5M to $2.7M. In its most recent filing year (2016), Corbett Group Homes Inc reported a deficit of $261K, with expenses exceeding revenue. The organization holds $188K in liabilities against $178K in assets (debt-to-asset ratio: 105.5%), resulting in net assets of $-9,784.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $2.5M | $2.7M | $178K | $188K | — | — |
| 2015 | $2.8M | $2.7M | $402K | $151K | — | View 990 |
| 2014 | $2.3M | $2.2M | $290K | $114K | — | View 990 |
| 2013 | $1.7M | $1.6M | $223K | $86K | — | View 990 |
| 2012 | $1.6M | $1.6M | $216K | $128K | — | View 990 |
| 2011 | $1.6M | $1.5M | $214K | $97K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $2.5M, expenses of $2.7M, and assets of $178K (revenue -11.7% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.7M, and assets of $402K (revenue +23.3% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.2M, and assets of $290K (revenue +36.2% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.6M, and assets of $223K (revenue +6.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $216K (revenue -3.0% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corbett Group Homes Inc:
Data Sources and Methodology
This transparency report for Corbett Group Homes 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.