Greenwood Homes Inc
EIN: 581992657 · Birmingham, AL · NTEE: P82Z
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $112K |
| Net Assets | $-385,016 |
Is Greenwood Homes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greenwood Homes Inc
Greenwood Homes Inc (EIN: 581992657) is a nonprofit organization based in Birmingham, AL, classified under NTEE code P82Z. The organization reported total revenue of $77K and total assets of $241K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwood Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwood Homes Inc is a micro nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $81K |
| Total Expenses | $112K |
| Surplus / Deficit | $-31,223 |
| Total Assets | $249K |
| Total Liabilities | $634K |
| Net Assets | $-385,016 |
| Operating Margin | -38.6% |
| Debt-to-Asset Ratio | 254.4% |
| Months of Reserves | 26.7 months |
Financial Health Grade: C
In 2024, Greenwood Homes Inc reported a deficit of $31K with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 254.4% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Greenwood Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -3.9% | +7.8% | -4.6% |
| 2023 | +3.1% | +2.3% | -8.2% |
| 2022 | +5.7% | +16.0% | -0.8% |
| 2021 | +7.3% | +23.3% | -4.8% |
| 2020 | +2.9% | -19.4% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greenwood Homes Inc 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 Greenwood Homes Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $31K, with expenses exceeding revenue.
- Debt-to-asset ratio: 254.4%.
Frequently Asked Questions about Greenwood Homes Inc
Is Greenwood Homes Inc a legitimate charity?
Greenwood Homes Inc (EIN: 581992657) is a registered tax-exempt nonprofit based in Alabama. It has 14 years of IRS 990 filings on record. Total revenue: $77K. No red flags identified. Financial health grade: C.
How does Greenwood Homes Inc spend its money?
Greenwood Homes Inc reported $77K in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greenwood Homes Inc tax-deductible?
Greenwood Homes Inc is registered as a tax-exempt nonprofit (EIN: 581992657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greenwood Homes Inc located?
Greenwood Homes Inc is headquartered in Birmingham, Alabama and files with the IRS under EIN 581992657. It is classified under NTEE code P82Z.
How many years of IRS 990 filings does Greenwood Homes Inc have?
Greenwood Homes Inc has 14 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 $77K in total revenue.
Filing History
IRS 990 filing history for Greenwood Homes Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Greenwood Homes Inc's revenue has grown by 43.7%, moving from $56K to $81K. Total assets decreased by 40.3% over the same period, from $418K to $249K. Total functional expenses rose by 57.3%, from $71K to $112K. In its most recent filing year (2024), Greenwood Homes Inc reported a deficit of $31K, with expenses exceeding revenue. The organization holds $634K in liabilities against $249K in assets (debt-to-asset ratio: 254.4%), resulting in net assets of $-385,016.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $81K | $112K | $249K | $634K | — | — |
| 2023 | $84K | $104K | $261K | $615K | — | View 990 |
| 2022 | $82K | $102K | $285K | $619K | — | — |
| 2021 | $77K | $88K | $287K | $601K | — | — |
| 2020 | $72K | $71K | $301K | $605K | — | View 990 |
| 2019 | $70K | $88K | $311K | $616K | — | View 990 |
| 2018 | $70K | $82K | $325K | $612K | — | View 990 |
| 2017 | $72K | $80K | $338K | $613K | — | View 990 |
| 2016 | $71K | $78K | $351K | $619K | — | View 990 |
| 2015 | $62K | $72K | $360K | $621K | — | View 990 |
| 2014 | $59K | $77K | $374K | $625K | — | View 990 |
| 2013 | $60K | $72K | $390K | $624K | — | View 990 |
| 2012 | $57K | $73K | $404K | $625K | — | View 990 |
| 2011 | $56K | $71K | $418K | $623K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $81K, expenses of $112K, and assets of $249K (revenue -3.9% year-over-year).
- 2023: Revenue of $84K, expenses of $104K, and assets of $261K (revenue +3.1% year-over-year).
- 2022: Revenue of $82K, expenses of $102K, and assets of $285K (revenue +5.7% year-over-year).
- 2021: Revenue of $77K, expenses of $88K, and assets of $287K (revenue +7.3% year-over-year).
- 2020: Revenue of $72K, expenses of $71K, and assets of $301K (revenue +2.9% year-over-year).
- 2019: Revenue of $70K, expenses of $88K, and assets of $311K (revenue -0.2% year-over-year).
- 2018: Revenue of $70K, expenses of $82K, and assets of $325K (revenue -2.6% year-over-year).
- 2017: Revenue of $72K, expenses of $80K, and assets of $338K (revenue +1.0% year-over-year).
- 2016: Revenue of $71K, expenses of $78K, and assets of $351K (revenue +14.3% year-over-year).
- 2015: Revenue of $62K, expenses of $72K, and assets of $360K (revenue +5.3% year-over-year).
- 2014: Revenue of $59K, expenses of $77K, and assets of $374K (revenue -0.7% year-over-year).
- 2013: Revenue of $60K, expenses of $72K, and assets of $390K (revenue +4.2% year-over-year).
- 2012: Revenue of $57K, expenses of $73K, and assets of $404K (revenue +1.8% year-over-year).
- 2011: Revenue of $56K, expenses of $71K, and assets of $418K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwood Homes Inc:
Data Sources and Methodology
This transparency report for Greenwood 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.