Hales Location Owners Association Inc
Hales Location Owners Association Inc. shows strong financial growth with increasing assets and no reported officer compensation.
EIN: 20512444 · Hales Lctn, NH · NTEE: S21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $659K |
| Total Expenses | $315K |
| Program Spending | 85% |
| Net Assets | $1.3M |
| Transparency Score | 85/100 |
Is Hales Location Owners Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hales Location Owners Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hales Location Owners Association Inc
Hales Location Owners Association Inc (EIN: 20512444) is a nonprofit organization based in Hales Lctn, NH, classified under NTEE code S21. The organization reported total revenue of $659K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hales Location Owners Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hales Location Owners Association Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $588K |
| Total Expenses | $315K |
| Surplus / Deficit | +$273K |
| Total Assets | $1.3M |
| Total Liabilities | $10K |
| Net Assets | $1.3M |
| Operating Margin | 46.5% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 51.0 months |
Financial Health Grade: A
In 2023, Hales Location Owners Association Inc reported a surplus of $273K with revenue exceeding expenses, holds 51.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hales Location Owners Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +23.8% | +25.7% |
| 2022 | +12.4% | +20.8% | +34.4% |
| 2021 | +11.6% | -28.8% | +46.9% |
| 2020 | -0.9% | -26.4% | +29.6% |
| 2019 | -0.1% | -5.6% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hales Location Owners Association Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hales Location Owners Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $273K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a positive for resource allocation.
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 Hales Location Owners Association Inc:
- Strong and consistent asset growth, from $383,181 in 2014 to $1,338,615 in 2023.
- Revenue consistently exceeds expenses, indicating sound financial management (e.g., 2023 revenue $588,109 vs. expenses $314,785).
- Very low liabilities relative to assets, demonstrating financial stability (e.g., 2023 liabilities $10,441 vs. assets $1,338,615).
- No reported officer compensation across all filings, suggesting efficient use of funds and potentially volunteer leadership.
- Consistent filing history, indicating good transparency and compliance.
Frequently Asked Questions about Hales Location Owners Association Inc
Is Hales Location Owners Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hales Location Owners Association Inc (EIN: 20512444) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Hales Location Owners Association Inc spend its money?
Hales Location Owners Association Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hales Location Owners Association Inc tax-deductible?
Hales Location Owners Association Inc is registered as a tax-exempt nonprofit (EIN: 20512444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hales Location Owners Association Inc's spending goes to programs?
Hales Location Owners Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hales Location Owners Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hales Location Owners Association Inc is above average for NTEE category S21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hales Location Owners Association Inc located?
Hales Location Owners Association Inc is headquartered in Hales Lctn, New Hampshire and files with the IRS under EIN 20512444. It is classified under NTEE code S21.
How many years of IRS 990 filings does Hales Location Owners Association Inc have?
Hales Location Owners Association Inc has 13 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 $659K in total revenue.
How does Hales Location Owners Association Inc. manage to have no officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that any compensation is structured in a way that does not fall under the 'officer compensation' category on the IRS 990, which is common for smaller, member-run associations.
What are the primary drivers of the significant asset growth?
The substantial asset growth, from $383,181 in 2014 to $1,338,615 in 2023, is likely driven by consistent revenue exceeding expenses, leading to accumulated net income, and potentially capital improvements or investments in common property, which is typical for homeowners associations.
Is the organization's financial health sustainable?
Yes, the organization appears financially sustainable. Its revenue has consistently outpaced expenses, leading to growing assets and very low liabilities, indicating a healthy financial position and ability to cover its operational costs and future needs.
Filing History
IRS 990 filing history for Hales Location Owners Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hales Location Owners Association Inc's revenue has grown by 51.9%, moving from $387K to $588K. Total assets increased by 144.3% over the same period, from $548K to $1.3M. Total functional expenses fell by 23.5%, from $411K to $315K. In its most recent filing year (2023), Hales Location Owners Association Inc reported a surplus of $273K, with revenue exceeding expenses. The organization holds $10K in liabilities against $1.3M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $588K | $315K | $1.3M | $10K | — | View 990 |
| 2022 | $524K | $254K | $1.1M | $10K | — | View 990 |
| 2021 | $467K | $210K | $792K | $7K | — | — |
| 2020 | $418K | $296K | $539K | $11K | — | — |
| 2019 | $422K | $402K | $416K | $10K | — | View 990 |
| 2018 | $422K | $426K | $404K | $19K | — | View 990 |
| 2017 | $421K | $373K | $402K | $13K | — | View 990 |
| 2016 | $411K | $419K | $360K | $19K | — | View 990 |
| 2015 | $404K | $432K | $351K | $2K | — | View 990 |
| 2014 | $403K | $451K | $383K | $7K | — | View 990 |
| 2013 | $405K | $456K | $426K | $2K | — | View 990 |
| 2012 | $386K | $456K | $479K | $4K | — | View 990 |
| 2011 | $387K | $411K | $548K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $588K, expenses of $315K, and assets of $1.3M (revenue +12.1% year-over-year).
- 2022: Revenue of $524K, expenses of $254K, and assets of $1.1M (revenue +12.4% year-over-year).
- 2021: Revenue of $467K, expenses of $210K, and assets of $792K (revenue +11.6% year-over-year).
- 2020: Revenue of $418K, expenses of $296K, and assets of $539K (revenue -0.9% year-over-year).
- 2019: Revenue of $422K, expenses of $402K, and assets of $416K (revenue -0.1% year-over-year).
- 2018: Revenue of $422K, expenses of $426K, and assets of $404K (revenue +0.3% year-over-year).
- 2017: Revenue of $421K, expenses of $373K, and assets of $402K (revenue +2.4% year-over-year).
- 2016: Revenue of $411K, expenses of $419K, and assets of $360K (revenue +1.8% year-over-year).
- 2015: Revenue of $404K, expenses of $432K, and assets of $351K (revenue +0.2% year-over-year).
- 2014: Revenue of $403K, expenses of $451K, and assets of $383K (revenue -0.5% year-over-year).
- 2013: Revenue of $405K, expenses of $456K, and assets of $426K (revenue +5.1% year-over-year).
- 2012: Revenue of $386K, expenses of $456K, and assets of $479K (revenue -0.4% year-over-year).
- 2011: Revenue of $387K, expenses of $411K, and assets of $548K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hales Location Owners Association Inc:
Data Sources and Methodology
This transparency report for Hales Location Owners Association 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.