Empire Homes Of Maryland Inc

Empire Homes Of Maryland Inc reports a significant deficit in 2020, despite a strong long-term asset growth and no officer compensation.

EIN: 203521473 · Baltimore, MD · NTEE: L21 · Updated: 2026-03-28

$1.9MRevenue

$11.4MAssets

75/100Mission Score (Good)

L21

About Empire Homes Of Maryland Inc

Empire Homes Of Maryland Inc (EIN: 203521473) is a nonprofit organization based in Baltimore, MD, classified under NTEE code L21. The organization reported total revenue of $1.9M and total assets of $11.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Empire Homes Of Maryland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Empire Homes Of Maryland Inc, operating in Baltimore, MD, demonstrates a fluctuating financial performance over the past decade. In the most recent filing (202006), the organization reported a significant deficit, with expenses of $2,670,378 exceeding revenue of $1,933,562. This marks a notable decline from previous years where revenue generally outpaced expenses, such as in 201906 where revenue was $3,228,422 against expenses of $2,552,105. The organization's assets have shown consistent growth over the long term, increasing from $5,187,684 in 2011 to $11,401,349 in 2020, indicating a strong asset base despite recent operational losses.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The NTEE code L21 (Housing Development, Construction & Management) suggests a focus on tangible community benefit, aligning with a mission-driven approach.

Transparency regarding executive compensation is excellent, with no reported officer compensation. However, the lack of detailed expense breakdowns (program vs. admin vs. fundraising) in the provided data limits a comprehensive assessment of spending efficiency. The recent deficit in 2020 raises questions about financial sustainability, though the substantial asset base provides a buffer.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Empire Homes Of Maryland 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Empire Homes Of Maryland Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Empire Homes Of Maryland Inc consistently reports 0% officer compensation across all available filings, indicating a strong commitment to minimizing executive overhead and directing resources towards its mission, which is commendable for an organization with assets exceeding $11 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.

Red Flags

The following concerns were identified during AI analysis of Empire Homes Of Maryland Inc's IRS 990 filings:

Significant operational deficit in the most recent filing (202006), with expenses exceeding revenue by over $700,000.
Declining revenue trend from a peak of over $5 million in 2014 to under $2 million in 2020.

Strengths

The following positive indicators were identified for Empire Homes Of Maryland Inc:

Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency and efficiency in executive pay.
Substantial and growing asset base, increasing from $5.1 million in 2011 to $11.4 million in 2020, providing financial resilience.
Long operational history with 10 years of available IRS 990 filings, suggesting established presence and experience.

Frequently Asked Questions about Empire Homes Of Maryland Inc

Is Empire Homes Of Maryland Inc financially stable given the 2020 deficit?

While the 2020 filing shows expenses ($2,670,378) exceeding revenue ($1,933,562), the organization possesses substantial assets ($11,401,349) which provide a buffer. However, sustained deficits would be a concern for long-term stability.

How has the organization's revenue trended over the past decade?

Revenue has fluctuated significantly, peaking at $5,067,617 in 2014 and declining to $1,933,562 in 2020, indicating a recent downward trend in income.

What is the significance of 0% officer compensation?

Reporting 0% officer compensation across all filings suggests that no salaries or other compensation were paid to officers, directors, or trustees, which is a strong positive indicator for transparency and efficient use of funds.

Filing History

IRS 990 filing history for Empire Homes Of Maryland Inc showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2020), Empire Homes Of Maryland Inc's revenue has declined by 60.3%, moving from $4.9M to $1.9M. Total assets increased by 119.8% over the same period, from $5.2M to $11.4M. Total functional expenses fell by 15.3%, from $3.2M to $2.7M. In its most recent filing year (2020), Empire Homes Of Maryland Inc reported a deficit of $737K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $11.4M in assets (debt-to-asset ratio: 27.5%), resulting in net assets of $8.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$1.9M	$2.7M	$11.4M	$3.1M	—	View 990
2019	$3.2M	$2.6M	$11.9M	$2.9M	—	View 990
2018	$4.5M	$2.8M	$11.3M	$3.0M	—	View 990
2017	$4.0M	$3.2M	$10.0M	$3.5M	—	View 990
2016	$3.3M	$3.1M	$9.2M	$3.4M	—	View 990
2015	$3.7M	$3.2M	$8.8M	$3.2M	—	View 990
2014	$5.1M	$3.1M	$8.5M	$3.5M	—	View 990
2013	$3.0M	$3.2M	$6.2M	$3.1M	—	View 990
2012	$3.2M	$3.0M	$5.1M	$2.0M	—	View 990
2011	$4.9M	$3.2M	$5.2M	$2.2M	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $1.9M, expenses of $2.7M, and assets of $11.4M (revenue -40.1% year-over-year).
2019: Revenue of $3.2M, expenses of $2.6M, and assets of $11.9M (revenue -28.1% year-over-year).
2018: Revenue of $4.5M, expenses of $2.8M, and assets of $11.3M (revenue +12.2% year-over-year).
2017: Revenue of $4.0M, expenses of $3.2M, and assets of $10.0M (revenue +20.1% year-over-year).
2016: Revenue of $3.3M, expenses of $3.1M, and assets of $9.2M (revenue -10.4% year-over-year).
2015: Revenue of $3.7M, expenses of $3.2M, and assets of $8.8M (revenue -26.6% year-over-year).
2014: Revenue of $5.1M, expenses of $3.1M, and assets of $8.5M (revenue +66.2% year-over-year).
2013: Revenue of $3.0M, expenses of $3.2M, and assets of $6.2M (revenue -4.8% year-over-year).
2012: Revenue of $3.2M, expenses of $3.0M, and assets of $5.1M (revenue -34.3% year-over-year).
2011: Revenue of $4.9M, expenses of $3.2M, and assets of $5.2M.

Data Sources and Methodology

This transparency report for Empire Homes Of Maryland 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.